Regulation in practice: Power, resources and context at the local scale in UK food retailing

Wood, Steve; Alexander, Andrew

doi:10.1177/0308518x16650676

Cited by 7 publications

(5 citation statements)

References 41 publications

(52 reference statements)

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“…This has become increasingly significant in the context of global shifts in the sources of investment into fields such as housing in which nation-states play a growing role in both owning 'private' investment companies and/or directly establishing sovereign wealth funds. In developing our argument we concur with Wood and Alexander (2016) who implore researchers to assess the multi-scalar nature of governance and regulation and to trace 'the power geometries which play out between regulators and the regulated corporate firm' (p. 1849).…”

Section: Introductionsupporting

confidence: 69%

Relational regulation and Chinese real estate investment in London: moving beyond the territorial trap

Raco

Sun

Brill

2020

Territory, Politics, Governance

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National governments, urban authorities and supra-national bodies increasingly see the provision of new housing as a core priority. There has been a strong emphasis on reforming the regulatory environments that exist within geographical territories and making them more welcoming to inward investment. However, such outlooks we claim often fall into a territorial trap and give too much prominence to the regulations and policy environments found in recipient destinations. The paper argues instead for a more recursive focus on the ways in which decisions taken in 'source' and 'host' locations need to be understood as part of a mutually constitutive system of governance. Using the example of Chinese residential investment into London, it argues that investment trends, processes and outcomes reflect a recursive combination of regulatory and political changes in both the city and within China, with the latter becoming increasingly influential. As we show, the Chinese Communist Party has been exerting greater control over the activities of Chinese real estate enterprises and what products are 'permitted' for investment and how this should be done. The paper reflects on the implications for recent academic and policy writings on urban territorial competition.

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Section: Introductionsupporting

confidence: 69%

Relational regulation and Chinese real estate investment in London: moving beyond the territorial trap

Raco

Sun

Brill

2020

Territory, Politics, Governance

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“…Whilst regulation has not been widely studied in this way from a cultural economy perspective, there is an extensive political economy literature on the importance of regulation in financial market making (Helleiner 1994;Moran 2003). More recently, this work has increasingly focused on what, in a different context, Wood and Alexander (2016) term 'regulation in practice'. This approach emphasises the relational qualities of regulation, examining how regulation is acted upon and potentially challenged in practice, rather than simply being implemented in a linear top down process (see Langley 2014 in the case of financial regulation).…”

Section: Regulating Market Makingmentioning

confidence: 99%

Regulating the Geographies of Market Making: Offshore Renminbi Markets in London’s International Financial District

Hall

2017

Economic Geography

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In this paper, I develop a sympathetic critique of cultural economy approaches to market making, arguing that the spatial imaginations deployed in this work remain comparatively limited. Drawing on the emerging dialogue between cultural economy and heterodox political economy approaches to money and finance, the paper argues that a focus on regulation provides a valuable way of developing new understandings of the geographies of market making beyond cultural economy's extant reading of space as context, particularly in the form of the financial trading room. Drawing on an original case study of the marking of offshore renminbi markets in London's financial district, the analysis conceptualises regulation as both a hitherto overlooked relational component of market making and as a set of practices that co-constitute the territoriality of markets. I demonstrate how regulatory changes made in Beijing and London are important in understanding both the growth and potential limitations of London as an offshore renminbi centre. This has significant implications empirically, for the wider project of renminbi internationalisation and theoretically, in terms of understanding the geographies of market making.

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“…For instance, a proactive and well-resourced corporate actor in the value chain can exert results to his advantage vis-à-vis state regulator authorities with divergent goals, sometimes situated across different spatial scales of governance (Wood and Alexander 2016). In particular, pursuing research aiming at finding uses that do not pose threats to public health, improving leaf quality, researching environmentally friendly methods, permitting the use of plant health products b…”

mentioning

confidence: 99%

About farmers’ bargaining power within the new CAP

Velazquez

Buffaria

2017

Agric Econ

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This paper examines the current setting of instruments aimed at rebalancing unequal market power in the food chain. Particular attention is given to horizontal integration possibilities for farmers, and organisations of farmers, as derogations to competition policies contained in the Common Market Organisation Regulation (EU) 1308/2013 (CMO Regulation). Firstly, we propose a review of the literature that looks at the imperfect price transmission along the food chain. Secondly, we examine how CAP of instruments aimed at counterbalancing market inequalities along the chain have been functioning over time, notably if they contributed to improving efficiency, farmers' income and consumers' welfare. Thirdly, we assess the current setting of the CMO Regulation, in particular, the way derogations to the competition policy are defined (exclusions, e.g. producer's organisations). The main research question here is if the current setting does, or does not, allow attaining the objective of strengthening the bargaining power of producers, while at the same time avoiding the creation of monopoly power. Our research highlights that divergent results emerged from studies on the relation between size and profitability or efficiency, with evidence of significant economies of scale. Larger PO not only would be more profitable, but they also may offer more services to their members, especially when these services are associated with significant investment costs. In relation to policy measures aimed at improving the functioning of the food supply chain, the CMO Regulation relies on producer's organisations as the main vehicle for producer cooperation. But the new legislative setting could lead to the paradoxical consequence of impeding the functioning by challenging the existence and/or creation of POs.

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Regulation in practice: Power, resources and context at the local scale in UK food retailing

Cited by 7 publications

References 41 publications

Relational regulation and Chinese real estate investment in London: moving beyond the territorial trap

Relational regulation and Chinese real estate investment in London: moving beyond the territorial trap

Regulating the Geographies of Market Making: Offshore Renminbi Markets in London’s International Financial District

About farmers’ bargaining power within the new CAP

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