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School of Public Policy Working Papers

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Now showing 1 - 5 of 5
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    An Emerging Geography of Intangible Assets: Financialization in Carbon Emissions Credit and Intellectual Property Markets
    (Georgia Institute of Technology, 2011) Clark, Jennifer ; Knox-Hayes, Janelle
    In this article we investigate how two cases of ‘intangible assets,’ carbon emissions credits and intellectual property, shift the balance of economic activity between and across regions. Carbon emissions credits and intellectual property portfolios require predictable and enforceable property rights regimes to gain and retain value. Hence these assets and the intermediaries that trade them generally operate within advanced economies. Our analysis highlights several findings. First, large, integrated TNCs play a key role in the emerging markets for these intangible assets by driving investment, directing acquisitions, and influencing the structure and character of the assets themselves through the regulatory regimes that define them. Second, the public policy interests in innovation and sustainability shaping the governance structures that assign these assets with property rights do not alter their fundamental operation as financial instruments. Thus these intangible assets are more than efforts to codify and fix a market price to the externalities of the production processes of carbon emissions and research. They also create geographic sites of alternative, competitive investment. We suggest that these assets produce a geography that both siphons off capital from production sites and isolates assets in privileged financial and investment capitals.
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    Are the geographies of innovation and production converging or diverging? An assessment of high tech employment in regional economies in the US
    (Georgia Institute of Technology, 2010-05) Clark, Jennifer
    To understand the processes of growth and change within regional economies researchers periodically engage in the evaluation and categorization of those regions. The resulting typologies serve to shape perceptions regarding key industries (e.g. biotechnology, IT) and successful regions (e.g. Silicon Valley, Boston). However, these discourses of knowledge production and localized innovation rarely connect to the underlying narratives of regional growth and decline either in theory or in practice. Since 2007, there is a renewed interest in mapping the long-term economic trends in US regions motivated by questions about the origins and effects of the global recession. To merge the discussions of the spatial distribution of innovation and production, I turn a theoretical framework provided by the emerging discussion of “evolutionary economic geography” (EEG). EEG provides an analytical approach to regional economies which balances innovation against job creation rather than privileging technology over production. First, I begin by tracing six regions through a set of historical analyses of regional economies used to develop influential typologies. I then trace those regions through the “typology of innovation districts” project to ascertain their current position as innovative regions relative to other US regions. Finally, I analyze these six regions using recent employment data. The findings indicate that the geographies of innovation and production may be diverging rather than converging in the US presenting a challenge for regional development policy.
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    Labor and Employment Policies in the US Election 2008 and the Upcoming Legislative Agenda
    (Georgia Institute of Technology, 2009-01) Clark, Jennifer
    The focus of the 2008 Presidential Election in the United States turned from foreign policy to domestic economic policy in response to the global financial crisis and its mounting effects on the US financial, housing, and labor markets. In recent elections, labor policy has not explicitly been at the forefront of campaign issues or political debate. Indeed, parsing out the policy positions of the 2008 presidential candidates, Senator Barack Obama (Democrat, Illinois) and Senator John McCain (Republican, Arizona), required delving into an array of issue areas and proposed legislation that often fell under headings loosely related to what is generally understood as "labor policy" by academics and labor and industrial relations professionals. Neither Senator Obama nor Senator McCain listed labor policy or employment policy as major issue areas on their candidate websites. However, Senator Obama and Senator McCain held opposing positions on specific employment and labor policies which reflected both their individual policy orientations toward labor and employment policy and the historic oppositional positions of the Democratic and Republican parties in the United States. The opposing positions of the US presidential candidates on labor policy reflected different perspectives on the role of government in economic security and the regulation of the employment relationship. The Democratic Party has historically supported a pro-worker agenda including legal and regulatory support for labor organizing and collective bargaining, income security through job protection, minimum wages, workplace-based health and retirement benefits for workers, and the regulation and/or prohibition of discriminatory practices in hiring, promotion, compensation, and firing (particularly related to race and gender and more recently inclusive of sexual orientation and immigration status). In contrast, the Republican Party has eschewed a regulatory approach to the labor market and privileged a "laissez-faire" approach to the employment relationship. In general, the Republican Party has opposed labor organizing and collective bargaining, arguing that they are coercive, and instead emphasized the right of each worker to agree on an individual employment contract with his employer. Similarly, the Republican Party has viewed workplace benefits (including health insurance and retirement plans) through a lens of employer flexibility, individual choice, and a preference for privatization. The Republican Party argues that regulatory requirements to provide workers with health and retirement benefits force US-based firms into an uncompetitive position in a global economy. And Clark, School of Public Policy 2 Georgia Institute of Technology finally, the Republican Party views questions of employment discrimination narrowly and proposes that policies are best adjudicated through private mediation. The labor and employment policies of the 2008 presidential candidates reflected the opposing ideological orientation of their respective parties. The specific policy positions of the candidates were found under a number of functional policy headings rather than as a comprehensive labor policy position. For example, the array of policies which support the participation of women in the labor force (including subsidized child-care, job protections and income support for primary care givers who take family leave, prohibitions against workplace discrimination, and flexible work arrangements) fell under the heading of "Work/Family Balance" in the Obama campaign’s policy materials. In the McCain campaign, the similar issue area, support and protections for women and families in the labor force, fell under the dual headings of "Workplace Flexibility in a Changing Economy" and "Workplace Flexibility and Choice." Neither candidate explicitly categorized these policies as "labor policies." This article describes the labor and employment debates likely to emerge in 2009 and during the Obama administration as well as the positions of the Republican and Democratic presidential candidates on policy issues related to labor policy, employment regulation, and economic security for workers stated during the 2008 campaign. There are two major pieces of legislation, the extension of the Family and Medical Leave Act of 1993 (FMLA) and the pending Employee Free Choice Act (EFCA) which directly address the areas at the heart of national labor policy: 1) terms and conditions or employment and, 2) workplace wages and benefits. In addition, there are several secondary pieces of legislation pending. These acts are primarily constructed as a response to recent anti-labor judicial decisions during the Bush Administration. Secondly, this article outlines policy initiatives beyond the pending legislation which have been significantly affected by the recent global financial crisis: retirement security, pensions, and social security. And finally, this article discusses pending legislation regarding the regulation of workplace discrimination.
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    A Conscious Geography: the Role of Research Centers in the Coordination of Innovation Policy and Regional Economic Development in the US and Canada
    (Georgia Institute of Technology, 2008-06) Clark, Jennifer
    Through a comparison of how a "conscious geography"; has informed the organization of research centers in the US and Canada, this article contributes to the debate about the role of regions in the devolution of national science, technology, and innovation (STI) policy. A "conscious geography" refers to a policy framework in which the spatial distribution (and concentration) of innovation and/or production is explicitly considered. In both countries, Centers of Excellence, either based in, or affiliated with, universities, have become lynchpins of an evolving multi-scalar STI policy. The geographic consciousness informing each set of institutional structures, however, varies significantly. Early evidence indicates that the Canadian model, which explicitly takes a geography of production and innovation into account, produces more positive policy outcomes than the US model which employs an ad hoc approach to space. The explicit consideration of the spatial distribution of production appears critical to multi-scalar collaboration, contributing to both horizontally-distributed networks across regions and between researchers and vertically-integrated networks within scales (e.g. the national and regional).
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    Integrating investment and equity: a critical regionalist agenda for a progressive regionalism
    (Georgia Institute of Technology, 2008-06) Clark, Jennifer ; Christopherson, Susan
    Since the 1980s different conceptions of regionalism have emerged, reflecting distinct perspectives on place and space, and a variety of policy orientations. The debates in planning over which regional policies are both "equitable" and "democratic" have been intense. This article clarifies these debates through a critical regionalist approach to the two prominent "regionalisms," investment and distributive. This article then proposes how to strengthen the connections between investment and distributive regionalism and build on the successful practices in each arena. We argue that a progressive regionalism requires focus on 1) the labor market as a whole, and 2) multi-scalar coalitions and policy initiatives.