Tomas Hostad Løding's picture

Tomas Hostad Løding

Postdoctoral Fellow
  • E-mailtomas.loding@uib.no
  • Phone+47 55 58 91 67
  • Visitor Address
    Rosenbergsgaten 39
    5015 Bergen
  • Postal Address
    Postboks 7802
    5020 Bergen
  • Show author(s) (2019). Betting on trust - On the relations between Norwegian local governments and the financial sector. Tidsskrift for samfunnsforskning. 329-347.
  • Show author(s) (2018). The financialization of local governments — the case of financial rationality in the management of Norwegian hydroelectric utilities. Socio-Economic Review. 725-743.
  • Show author(s) (2017). Arvesølvets verdi – den historiske transformasjonen av vannkraftforvaltningens legitimering. Tidsskrift for samfunnsforskning. 367-388.

More information in national current research information system (CRIStin)

The project investigates a growing contact surface between the Norwegian Public sector and international financial markets. In opposition to many other western governments, Norway is not struggling under the pressure from international rating agencies and credit institutions. With our vast natural gas, oil and hydropower resources we are not forced into the state of permanent austerity that we see in so many other developed states today. But even here financial market practices are being adapted into all levels of the public sector. Why? Using qualitative interviews and document analysis I study how Norwegian municipalities reorganize their strategic thinking regarding management of local governments biggest long term asset: its ownership to Norway`s big and wealthy hydropower production sector. I argue that this constitutes a process of financialization, and that the Norwegian public sectors use and strategic understanding of themselves as financial investors opens up a good vantage point to evaluate questions of public sector financing, democratic accountability and the broader process of neoliberal restructuring.