Kristín Loftsdóttir

Irma Erlingsdóttir

Valur Ingimundarson

The term 'globalization' has been used to describe the intensification of cross-border flows - whether in the realm of ideas, culture, finance/trade, or human mobility. Like many other vital ideas, such as nationalism and modernization, globalization is fraught with controversy. But no matter where one stands, it is a site of an ongoing intellectual endeavor of definition, interpretation and redefinition - a contested terrain that continues to have profound, if unequal, impact on people's lives around the world. Given the inherent tension between the global and local, this phenomenon is perhaps more accurately explained by the conceptual hybrid 'globalization'. The diverse contributions in this volume are an attempt to come to grips with some of the implications of this process by problematizing and engaging it. It grew out of an interdisciplinary conference on globalization held at the University of Iceland in late autumn 2002 as part of an international research project co-ordinated by GERM (Groupe d'Etudes et de Recherches sur les Mondialisations), involving a large group of academics, universities, and institutions. The volume emphasizes specific aspects of the globalization debate: politics, culture, gender, and language/translation. One focus - articulated among others by Zygmunt Bauman - is on the reconfigurations of political power relationships between the West and the Rest, the 'war on terror' and conflict resolution, whether in the name of peacekeeping, nation-building or identity changes. Another theme involves the problematization of the culture concept, its place in the public domain, and the redefinition of identities as a result of globalization. A third aspect deals with attempts to illuminate how globalization processes may deepen gender, class and race inequalities in the absence of binding rules and collective social responsibility. Finally, the focus is on the changing attitudes toward language/translation in a heavily mediatized and accelerated world.

Politics, Culture, Language

Topographies of Globalization

Philippe Urfalino

Being the first casualty of the international financial crisis, Iceland was, in many ways, turned into a laboratory when it came to responding to one of the largest corporate failures on record. This edited volume offers the most wide-ranging treatment of the Icelandic financial crisis and its political, economic, social, and constitutional consequences. Interdisciplinary, with contributions from historians, economists, sociologists, legal scholars, political scientists and philosophers, it also compares and contrasts the Icelandic experience with other national and global crises. It examines the economic magnitude of the crisis, the social and political responses, and the unique transitional justice mechanisms used to deal with it. It looks at backward-looking elements, including a societal and legal reckoning – which included the indictment of a Prime Minister and jailing of leading bankers for their part in the financial crisis – and forward-looking features, such as an attempt to rewrite the Icelandic constitution. Throughout, it underscores the contemporary relevance of the Icelandic case. While the Icelandic economic recovery has been much quicker than expected; it shows that public faith in political elites has not been restored. This text will be of key interest to scholars, policy-makers and students of the financial crisis in such fields as European politics, international political economy, comparative politics, sociology, economics, contemporary history, and more broadly the social sciences and humanities.

The Politics of Blame, Protest, and Reconstruction

Iceland’s Financial Crisis

Sveinn Jóhannesson

Liberal democracy is in trouble. This volume considers the crosscutting causes and manifestations of the current crisis facing the liberal order. Over the last decade, liberal democracy has come under mounting pressure in many unanticipated ways. In response to seemingly endless crisis conditions, governments have turned with alarming frequency to extraordinary emergency powers derogating the rule of law and democratic processes. The shifting interconnections between new technologies and public power have raised questions about threats posed to democratic values and norms. Finally, the liberal order has been challenged by authoritarian and populist forces promoting anti- pluralist agendas. Adopting a synoptic perspective that puts liberal disorder at the center of its investigation, this book uses multiple sources to build a common historical and conceptual framework for understanding major contemporary political currents. The contributions weave together historical studies and conceptual analyses of states of exception, emergency powers, and their links with technological innovations, as well as the tension-ridden relationship between populism and democracy and its theoretical, ideological, and practical implications. The book will be of interest to scholars and students of a number of disciplines in the humanities and social sciences: history, political science, philosophy, constitutional and international law, sociology, cultural studies, anthropology, and economics.

Valur Ingimundarson

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