Summary
What are the political sources and consequences of economic globalization, and how do political institutions shape globalization? Current frameworks for understanding the politics over economic globalization emphasize a fragmentation of politics: political conflict breaks down to individual firms and citizens, because the gains from trade are concentrated on large, globally engaged, and politically active firms. Departing from this view, PINPOINT develops an innovative framework built on the linkages between firms created by domestic production networks. Production ties imply a much broader impact of economic globalization, because many domestic firms interact with international markets indirectly as suppliers and as customers of globally engaged firms. Moreover, these linkages vary in quantity and quality. To date, we know surprisingly little about the role of production networks in politics, which creates a mismatch between the structure of modern economies and current theoretical frameworks. Ignoring such ties risks misattributing the impact of economic globalization, overlooking economic roots of political coalitions, and misunderstanding the sources and consequences of economic globalization. PINPOINT places economic exchange between firms front and center in an account of the behavior of governments, firms, and citizens in the context of international markets, and of the role of institutions in such an account. PINPOINT will provide theoretical and empirical innovations that lead to a revised understanding of the political underpinnings of economic globalization and of the mechanisms through which institutions shape economic globalization.
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| Web resources: | https://cordis.europa.eu/project/id/101041658 |
| Start date: | 01-09-2022 |
| End date: | 31-08-2027 |
| Total budget - Public funding: | 1 476 023,00 Euro - 1 476 023,00 Euro |
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Original description
What are the political sources and consequences of economic globalization, and how do political institutions shape globalization? Current frameworks for understanding the politics over economic globalization emphasize a fragmentation of politics: political conflict breaks down to individual firms and citizens, because the gains from trade are concentrated on large, globally engaged, and politically active firms. Departing from this view, PINPOINT develops an innovative framework built on the linkages between firms created by domestic production networks. Production ties imply a much broader impact of economic globalization, because many domestic firms interact with international markets indirectly as suppliers and as customers of globally engaged firms. Moreover, these linkages vary in quantity and quality. To date, we know surprisingly little about the role of production networks in politics, which creates a mismatch between the structure of modern economies and current theoretical frameworks. Ignoring such ties risks misattributing the impact of economic globalization, overlooking economic roots of political coalitions, and misunderstanding the sources and consequences of economic globalization. PINPOINT places economic exchange between firms front and center in an account of the behavior of governments, firms, and citizens in the context of international markets, and of the role of institutions in such an account. PINPOINT will provide theoretical and empirical innovations that lead to a revised understanding of the political underpinnings of economic globalization and of the mechanisms through which institutions shape economic globalization.Status
SIGNEDCall topic
ERC-2021-STGUpdate Date
09-02-2023
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