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12. A Surplus of Deficits
- Author:
- Amr Adly
- Publication Date:
- 03-2020
- Content Type:
- Journal Article
- Journal:
- Cairo Review of Global Affairs
- Institution:
- School of Global Affairs and Public Policy, American University in Cairo
- Abstract:
- From a political economy perspective, there are four key forces working against the peace and prosperity of Middle Eastern and North African states. To defeat them robust institutions are essential.
- Topic:
- Economics, Political Economy, Economic Growth, Peace, and Financial Institutions
- Political Geography:
- Africa, Middle East, North Africa, and MENA
13. The Disrupting Stabilizer
- Author:
- Samuel Ramani
- Publication Date:
- 06-2020
- Content Type:
- Journal Article
- Journal:
- Cairo Review of Global Affairs
- Institution:
- School of Global Affairs and Public Policy, American University in Cairo
- Abstract:
- How Russia’s military, diplomatic, and economic roles in the Mediterranean have developed in recent years
- Topic:
- Diplomacy, Economics, Military Strategy, Conflict, and Strategic Interests
- Political Geography:
- Africa, Russia, Europe, Middle East, and Mediterranean
14. The Role of Multinational Oil Corporations (Mnocs) in Nigeria: More Exploitation Equals Less Development of Oil-Rich Niger Delta Region
- Author:
- Oluwatoyin Oluwaniyi
- Publication Date:
- 12-2018
- Content Type:
- Journal Article
- Journal:
- Brazilian Journal of African Studies
- Institution:
- Brazilian Journal of African Studies
- Abstract:
- Nigeria is not exempted from the integration of developing economies into the global capitalist system. The origin of Nigeria’s integration can be traced to the influx of MNCs in the manufacturing and banking sectors during the colonial era. But by 1956, the discovery of crude oil in Oloibiri by Shell D’Archy, expanded the integration into the extractive sector and Multinational Oil Corporations (MNOCs) emerged as the main extractive bodies (Oluwaniyi 2010). From 1956, crude oil in the Niger Delta region has been central to Nigeria’s political economy, accounting for over 90% of its foreign revenue, defining its place in ‘ international relations’ (Raji; Yusuf and Samuel 2013, 24; Soremekun 2011, 99). Though some scholars have associated multinational oil corporations with the development of host states, Niger Delta region continues to languish in deep poverty. The oil-rich communities fail to enjoy benefits commensurate to the profits gained by the levels of exploration of crude oil and exploitation in the region. This paradox further underlines the violent crisis perpetrated by frustrated youth in the region (Obi and Rustad 2011). Likewise, Angola, Equatorial Guinea, and Sudan are also among the top five sub-Saharan African oil exporters but, in terms of development, their performance have been dismal (UNCTAD 2007). The effects of MNOCs’ presence have triggered debates on the extent to which they have contributed to the development or under-development in the region. It is against this background that it has become extremely pertinent to evaluate, in concrete terms, the effects of MNOCs’ activities in the Niger Delta region. The objectives of this paper include, to analyse the extent to which multinational oil corporations have delivered on their larger expectations in the Niger Delta region, the role of the state in mediating or perpetuating crises between the MNOCs and the oil-rich communities, and impacts on relations in the region.
- Topic:
- Development, Economics, Oil, and Multinational Corporations
- Political Geography:
- Africa and Niger
15. Explaining Bank Stability Using Bank Specific Factors in Zimbabwe
- Author:
- Albert Muparuri
- Publication Date:
- 01-2018
- Content Type:
- Journal Article
- Journal:
- The Rest: Journal of Politics and Development
- Institution:
- Centre for Strategic Research and Analysis (CESRAN)
- Abstract:
- This study examined the role played by bank specific factors in explaining bank stability in Zimbabwe. A panel data set was compiled covering 15 CAMEL type ratios from all 26 banking institutions which were operational in Zimbabwe between 2009 and 2014. The Principal Component Analysis (PCA) and Random Effects (RE) model were applied to establish the statistically significant CAMEL type bank distress prognosticators in Zimbabwe. This study revealed that Capital, Asset Quality and Earnings (CAE), are the most statistically significant bank specific factors which influence distress in the Zimbabwean market. On the macroeconomic front, statistical significance was established on the ‘end-period Consumer Price Index (CPI)’ in determining bank stability in Zimbabwe. This implies that a deteriorating asset quality base in a bank with a feeble capital base and weak earnings in a market dogged by inflation instability is a classic precursor to bank distress in Zimbabwe.
- Topic:
- Economics, Banks, Banking, and Economic Stability
- Political Geography:
- Africa and Zimbabwe
16. Democratic Governance and the Frightening Impact of Corruption in Contemporary Nigerian Society
- Author:
- Christian Chima Chukwu
- Publication Date:
- 03-2017
- Content Type:
- Journal Article
- Journal:
- Studies of Changing Societies Journal (SCS)
- Institution:
- Studies of Changing Societies Journal (SCS)
- Abstract:
- This work examines democratic governance and the frightening impact of corruption in contemporary Nigerian society in a bid to restore confidence in good governance and also improve the socio- economic development of the citizenry after fifty seven years of independence. Related literatures to the variables were reviewed including the adoption of the descriptive and content analytical method in the analysis of the secondary data in order to achieve the objectives of this study. Also, the social learning theory was employed as theoretical framework to find essence. Findings reveal that the phenomenon of corruption has evidently graduated beyond impunity, both in volume, scale, breadth, depth and has become a national cancer. In addition, the study notes that corruption has swallowed up Nigerian politicians into yet other webs of delusion, and deception such that the pursuit of corrupt practices by them, seem greeted with ovation. Aside this, the paper also highlights that since the mad rush for corrupt practices, especially amongst politicians seems impossible to abate, the alarming rate of vicious opulence which has engulfed the Nigerian nation clearly demonstrates naivety, desperation and un-Godly helplessness. Based on all these, the paper suggests that there is the urgent need to halt the hypocritical position in corruption cases involving high influential members of the government as well as the immunity covertly granted their cronies. The paper recommends that amongst other measures, government should not only be transparent in enforcing all relevant laws against corruption, but prosecute all those found culpable. Finally, Judicial Service Commission as autonomous body should halt the incessant dismissal of corrupt cases by judges on technical grounds, as well as continuing to beam its searchlight on all corrupt judicial officers.
- Topic:
- Corruption, Economics, Governance, Democracy, Financial Crimes, Transparency, and Judiciary
- Political Geography:
- Africa and Nigeria
17. David Martin Jones, Nicholas Khoo and MLR Smith, Asian Security and the Rise of China: International Relations in an Age of Volatility
- Author:
- Dylan Kissane
- Publication Date:
- 02-2015
- Content Type:
- Journal Article
- Journal:
- Central European University Political Science Journal
- Institution:
- Central European University
- Abstract:
- If there is one issue in contemporary international relations that continues to provoke interest in academic and policy making circles alike it is how states, regions and the world should react to a rising China. While the influence of the People's Republic is being felt from Africa and the Global South through to the developed economies of North America and Europe, it is in East Asia where a re-emerging China has most focused the minds of diplomats and strategists, leaders and scholars and, indeed, the military men and women who must navigate this increasingly precarious great power polity. Within this East Asian context this new volume by David Martin Jones, Nicholas Khoo and MLR Smith delivers thoughtful and attentive analysis to the problem of responding to China's rise. The book is neither a historical account of the rise of China, though it does offer sufficient historical contextualisation for the reader, or another collection of prescriptive policy suggestions, though there are clear conclusions made about which regional and state strategies have best dealt with the rise of the Sinic superpower. Instead, this book is a theoretically informed, consistently argued and well written account of how states in a broadly defined East Asia have and continue to react to the changing security environment that confronts them in the first decades of the twenty-first century.
- Topic:
- International Relations, Security, Economics, and Environment
- Political Geography:
- Africa, China, America, and Asia
18. Full Issue: Money & War
- Author:
- Sarah Detzner, James Copnall, Alex de Waal, Ian M. Ralby, Joshua Stanton, Ibrahim Warde, Leon Whyte, Richard Weitz, Jessica Knight, John H. Maurer, Alexander Tabarrok, Alex Nowrasteh, Tom Keatinge, Emily Knowles, Karolina MacLachlan, Andrew Lebovich, Caroline Troein, and Anne Moulakis
- Publication Date:
- 01-2015
- Content Type:
- Journal Article
- Journal:
- Fletcher Security Review
- Institution:
- The Fletcher School, Tufts University
- Abstract:
- The Fletcher Security Review: Managed and edited by students at the Fletcher School of Law and Diplomacy, we build on the Fletcher School’s strong traditions of combining scholarship with practice, fostering close interdisciplinary collaboration, and acting as a vehicle for groundbreaking discussion of international security. We believe that by leveraging these strengths – seeking input from established and up-and-coming scholars, practitioners, and analysts from around the world on topics deserving of greater attention – we can promote genuinely unique ways of looking at the future of security. Each issue of the Review is centered around a broad theme – in this issue, we tackle “Money & War.” Money influences every aspect of warfare, conventional or unconventional. No nationstate military, insurgent group, terrorist network, trans-national criminal organization, or hybrid actor can be understood, or countered, without knowing where the money is coming from – as well as where, and how, it gets spent. Evolutions and revolutions in financial tools and practices quickly translate to transformations in military affairs, and some cases, vice versa.
- Topic:
- Security, Foreign Policy, Economics, Human Rights, Governance, Sanctions, Military Affairs, Finance, Islamic State, Navy, Arab Spring, Maritime, Conflict, Multilateralism, Islamism, Drugs, and Currency
- Political Geography:
- Afghanistan, Africa, China, Iran, Sudan, Darfur, Middle East, Asia, North Korea, Mali, Asia-Pacific, Sahel, United States of America, and North America
19. Understanding "The Political Marketplace" and the Roots of Persistent Conflict: An Interview with Professor Alex de Waal
- Author:
- Alex de Waal
- Publication Date:
- 01-2015
- Content Type:
- Journal Article
- Journal:
- Fletcher Security Review
- Institution:
- The Fletcher School, Tufts University
- Abstract:
- As the Executive Director of the World Peace Foundation, Professor Alex de Waal is considered one of the foremost experts on Sudan and the Horn of Africa. His scholarly work and practice has also probed humanitarian crisis and response, human rights, HIV/AIDS and governance in Africa, and conflict and peace-building. In 1988, he received a D.Phil. in social anthropology at Nuffield College, Oxford for his thesis on the 1984-5 Darfur famine in Sudan. He was the first chairman of the Mines Advisory Group at the beginning of the International Campaign to Ban Landmines. He set up two independent human rights organizations, African Rights (1993) and Justice Africa (1999), focusing respectively on documenting human rights abuses and developing policies to respond to human rights crises, notably in Rwanda, Somalia and Sudan. From 1997 to 2001, he focused on avenues to peaceful resolution of the second Sudanese Civil War. In 2001, he returned to his work on health in Africa, writing on the intersection of HIV/AIDS, poverty and governance, and initiated the Commission on HIV/AIDS and Governance in Africa. During 2005-06, deWaal was seconded to the African Union mediation team for Darfur and from 2009-11 served as senior adviser to the African Union High-Level Implementation Panel for Sudan. He was on the list of Foreign Policy’s 100 most influential public intellectuals in 2008 and Atlantic Monthly’s 27 “brave thinkers” in 2009.
- Topic:
- Economics, Human Rights, Politics, Humanitarian Intervention, and Conflict
- Political Geography:
- Africa, Sudan, Darfur, and Ethiopia
20. Economic Recovery in Somalia
- Author:
- Timothy Wilson
- Publication Date:
- 01-2015
- Content Type:
- Journal Article
- Journal:
- Bildhaan: An International Journal of Somali Studies
- Institution:
- Macalester College
- Abstract:
- There were high hopes for a brighter future. After more than two decades of conflict, political uncertainty, multiple droughts and Soma- lia’s worst famine in sixty years, the landscape began to change. The Federal Government lost its transitional status and became officially of State, John Kerry. It appeared that the recovery was not just political. Economic for- tunes were improving as well. Trading activity began to increase again. Shops reopened, rising numbers of diaspora started return- ing and investment firms began opening in Mogadishu. The national post service resumed operations. The Central Bank Act was passed, which simultaneously gave the institution a stronger mandate as well 3 as preclude it from lending to the Government. A veritable construc- tion boom kicked off in Mogadishu, the city received its first ATM cash machine and in June 2015, an agreement between MasterCard and a Somali bank launched the first ever domestic issuance of debit cards. The Wall Street Journal wrote of ‘glimmers of hope’4 while Afri- can Development Bank wrote of a ‘turning point’ due to the ‘positive political and security developments as well as the commitment of the international community.’5 Emerging from the clamour of countless conferences, consultations, summits and high-level meetings, a belief was emerging that this time, something was different. This time, Soma- lia was recovering. Or was it? What turn did Somalia take? As the Federal Government approaches its fifth year, new developments have raised concern over the trajectory and pace of progress. The Prime Minister was dismissed by a no-confidence motion in December 2014. The new Prime Minister, Mr Omar Abdirashid Ali Sharmake, took three attempts to success- fully appoint a new cabinet endorsed by parliament. Concerns about corruption have threatened the steady flow of development finance. High profile attacks by Al Shabaab, both within Somalia and beyond, have raised questions about whether the organisation can be con- tained. Meanwhile, instability in Yemen has led to large numbers of refugees arriving into Somalia. It seems timely, therefore, to reassess the pace of progress and trajectory of recovery in Somalia. More than that, it is essential to examine whether economic recovery is occurring at the same pace and align- ment with political and social recovery. If this is not the case, as we will argue, peace-building gains may be temporary. The roots of conflict are grown in the fertile soil of economic desperation. The contribution of this article is to provide an overview of economic recovery in Somalia that is largely absent from the academic litera- ture. We collate and summarise the most recent quantitative statistics available and match these against qualitative information, including government reports and economic analysis. Our primary conclusion is a positive one; for the first time in more than two decades, Soma- lia’s economy is finally beginning to recover. Growth has returned. New market opportunities are being generated. The trade structure is diversifying and confidence is rising among investors, the diaspora and donors. To be clear, this trajectory is fragile. Political uncertainties and the looming arrival of oil exploration are threats that we discuss in this regard. Nonetheless, our primary thesis is that the five years since the establishment of the Federal Government has been, on balance, a positive period for economic reconstruction in Somalia. Our paper is structured as follows. We first make the case for the importance of economic development despite the massive social and political challenges that prevail in Somalia. We then outline the path- way to recovery that has been delineated by the Federal Government. We assess progress along this route and then identify some of the major threats to further progress.
- Topic:
- Economics, International Trade and Finance, Foreign Direct Investment, and Recovery
- Political Geography:
- Africa and Somalia
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