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502. The Broken Contract: Inequality and American Decline
- Author:
- George Packer
- Publication Date:
- 11-2011
- Content Type:
- Journal Article
- Journal:
- Foreign Affairs
- Institution:
- Council on Foreign Relations
- Abstract:
- Like an odorless gas, economic inequality pervades every corner of the United States and saps the strength of its democracy. Over the past three decades, Washington has consistently favored the rich -- and the more wealth accumulates in a few hands at the top, the more influence and favor the rich acquire, making it easier for them and their political allies to cast off restraint without paying a social price.
- Topic:
- Economics and Education
- Political Geography:
- United States, Iraq, Washington, and Baghdad
503. Can Europe's Divided House Stand?
- Author:
- Hugo Nixon
- Publication Date:
- 11-2011
- Content Type:
- Journal Article
- Journal:
- Foreign Affairs
- Institution:
- Council on Foreign Relations
- Abstract:
- Conventional wisdom has it that the eurozone cannot have a monetary union without also having a fiscal union. Euro-enthusiasts see the single currency as the first steppingstone toward a broader economic union, which is their dream. Euroskeptics do, too, but they see that endgame as hell -- and would prefer the single currency to be dismantled. The euro crisis has, for many observers, validated these notions. Both camps argue that the eurozone countries' lopsided efforts to construct a monetary union without a fiscal counterpart explain why the union has become such a mess. Many of the enthusiasts say that the way forward is for the 17 eurozone countries to issue euro bonds, which they would all guarantee (one of several variations on the fiscal-union theme). Even the German government, which is reluctant to bail out economies weaker than its own, thinks that some sort of pooling of budgets may be needed once the current debt problems have been solved. A fiscal union would not come anytime soon, and certainly not soon enough to solve the current crisis. It would require a new treaty, and that would require unanimous approval. It is difficult to imagine how such an agreement could be reached quickly given the fierce opposition from politicians and the public in the eurozone's relatively healthy economies (led by Finland, Germany, and the Netherlands) to repeated bailouts of their weaker brethren (Greece, Ireland, Italy, Portugal, and Spain). Moreover, once the crisis is solved, the enthusiasm for a fiscal union may wane. Even if Germany is still prepared to pool some budgetary functions, it will insist on imposing strict discipline on what other countries can spend and borrow. The weaker countries, meanwhile, may not wish to submit to a Teutonic straitjacket once the immediate fear of going bust has passed.
- Topic:
- Economics and Government
- Political Geography:
- Europe, Finland, Greece, Germany, Spain, Italy, Netherlands, Portugal, and Ireland
504. Is Indonesia Bound for the BRICs?
- Author:
- Karen Brooks
- Publication Date:
- 11-2011
- Content Type:
- Journal Article
- Journal:
- Foreign Affairs
- Institution:
- Council on Foreign Relations
- Abstract:
- Indonesia is in the midst of a yearlong debut on the world stage. This past spring and summer, it hosted a series of high-profile summits, including for the Overseas Private Investment Corporation in May, the World Economic Forum on East Asia the same month, and the Association of Southeast Asian Nations (ASEAN) in July. With each event, Indonesia received broad praise for its leadership and achievements. This coming-out party will culminate in November, when the country hosts the East Asia Summit, which U.S. President Barack Obama and world leaders from 17 other countries will attend. As attention turns to Indonesia, the time is ripe to assess whether Jakarta can live up to all the hype. A little over ten years ago, during the height of the Asian financial crisis, Indonesia looked like a state on the brink of collapse. The rupiah was in a death spiral, protests against President Suharto's regime had turned into riots, and violence had erupted against Indonesia's ethnic Chinese community. The chaos left the country -- the fourth largest in the world, a sprawling archipelago including more than 17,000 islands, 200 million people, and the world's largest Muslim population -- without a clear leader. Today, Indonesia is hailed as a model democracy and is a darling of the international financial community. The Jakarta Stock Exchange has been among the world's top performers in recent years, and some analysts have even called for adding Indonesia to the ranks of the BRIC countries (Brazil, Russia, India, and China). More recent efforts to identify the economic superstars of the future -- Goldman Sachs' "Next 11," PricewaterhouseCoopers' "E-7" (emerging 7), The Economist's "CIVETS" (Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa), and Citigroup's "3G" -- all include Indonesia.
- Topic:
- Economics and Financial Crisis
- Political Geography:
- Russia, United States, China, Indonesia, India, East Asia, Brazil, and Island
505. The Sick Man of Asia
- Author:
- Yanzhong Huang
- Publication Date:
- 11-2011
- Content Type:
- Journal Article
- Journal:
- Foreign Affairs
- Institution:
- Council on Foreign Relations
- Abstract:
- Although China has made remarkable economic progress over the past few decades, its citizens' health has not improved as much. Since 1980, the country has achieved an average economic growth rate of ten percent and lifted 400–500 million people out of poverty. Yet Chinese official data suggest that average life expectancy in China rose by only about five years between 1981 and 2009, from roughly 68 years to 73 years. (It had increased by almost 33 years between 1949 and 1980.) In countries that had similar life expectancy levels in 1981 but had slower economic growth thereafter -- Colombia, Malaysia, Mexico, and South Korea, for example -- by 2009 life expectancy had increased by 7–14 years. According to the World Bank, even in Australia, Hong Kong, Japan, and Singapore, which had much higher life expectancy figures than China in 1981, those figures rose by 7–10 years during the same period.
- Topic:
- Economics
- Political Geography:
- Japan, China, Malaysia, Asia, South Korea, Colombia, Australia, Mexico, and Hong Kong
506. Africa Unleashed
- Author:
- Edward Miguel
- Publication Date:
- 11-2011
- Content Type:
- Journal Article
- Journal:
- Foreign Affairs
- Institution:
- Council on Foreign Relations
- Abstract:
- Steven Radelet's accessible new book argues that much of the credit for Africa's recent economic boom goes to its increasingly open political systems. But Radelet fails to answer the deeper question: why some countries have managed to develop successful democracies while others have tried but failed.
- Topic:
- Development, Economics, and Government
- Political Geography:
- Africa, United States, Asia, and Liberia
507. The Assault on Abortion Rights Undermines All Our Liberties
- Author:
- Ari Armstrong and Diana Hsieh
- Publication Date:
- 12-2011
- Content Type:
- Journal Article
- Journal:
- The Objective Standard
- Institution:
- The Objective Standard
- Abstract:
- Surveys the expanding efforts to outlaw abortion in America, examines the facts that give rise to a woman's right to abortion, and shows why the assault on this right is an assault on all our rights
- Topic:
- Economics and Government
- Political Geography:
- America
508. American Individualism—How a New Generation of Conservatives Can Save the Republican Party
- Author:
- Michael |A. LaFerrara
- Publication Date:
- 12-2011
- Content Type:
- Journal Article
- Journal:
- The Objective Standard
- Institution:
- The Objective Standard
- Abstract:
- New York: Crown Forum, an imprint of the Crown Publishing Group, a division of Random House, Inc. 247 pp. $24.99 (hardcover). Reviewed by Michael A. LaFerrara While working on the 2004 Bush-Cheney reelection campaign team, Fox News contributor Margaret Hoover came to a stark realization: On gay rights, reproductive freedom, immigration, and environmentalism, the Republican party “was falling seriously out of step with a rising generation of Americans . . . the 'millennials'” (pp. ix, x). “[B]orn roughly between the years 1980 and 1999 [and] 50 million strong,” this rising new voter block, says Hoover, has “yet to solidly commit to a political party” and thus could hold the key to the GOP's electoral future (p. xi). Hoover looks back for comparison to 1980, when Ronald Reagan fused a coalition of diverse conservative “tribes” around a central theme: anticommunism (p. 25). If the millennials, who “demonstrate decidedly conservative tendencies” (p. xii), could be united with today's conservatives under “a new kind of fusionism” (p. 41), the Republican party would be on its way to majority status, she holds. Hoover sees differences among conservatives and divides the “organized modern conservative coalition in America” (p. 28) into three main categories: economic libertarians and fiscal conservatives led by three “leading lights” who “were . . . not populists [nor] self-described conservatives,” but “thinkers”—Friedrich von Hayek, Milton Friedman, and Ayn Rand. social conservatives, traditionalists, and the “Religious Right” led early on by Russell Kirk, Richard Weaver, and Robert Novak, and later by Jerry Falwell, Pat Robertson, James Dobson, and Phyllis Schlafly. anticommunists and paleocons led by Whittaker Chambers, John Chamberlain, James Burnham, and Pat Buchanan. According to Hoover, these three factions have formed the core of the movement that began with the publication of the National Review in November 1955 (p. 28) and have since been joined by neocons (p. 35), Rush Limbaugh's “Dittoheads,” Sarah Palin's “Mama Grizzlies,” the Tea Party uprising (pp. 36–37), and the “Crunchy Cons” and “enviro-cons” (p. 37). Hoover's hope is to find common ground between these conservatives and the millennials. . . .
- Topic:
- Economics
- Political Geography:
- America
509. The Right to Earn a Living: Economic Freedom and the Law
- Author:
- Loribeth Kowalski
- Publication Date:
- 12-2011
- Content Type:
- Journal Article
- Journal:
- The Objective Standard
- Institution:
- The Objective Standard
- Abstract:
- Cato Institute, 2010. 376 pp. $25.95 (hardcover). Reviewed by Loribeth Kowalski Parents in America typically tell their children that they can be anything they want to be when they grow up, and children tend to believe it and explore the countless possibilities. I recall my own childhood aspirations: imagining myself as an archaeologist, wearing a khaki hat and digging in the desert sun; as a veterinarian, talking to the animals like Dr. Doolittle; as a writer, alone at my desk, fingers poised over a typewriter keyboard. Recently I found an old note in a drawer. It said, “When I grow up, I want to be a doctor. I want to save people. When I grow up, I WILL be a doctor.” Underneath my signature I had written “age 10.” Unfortunately, in today's America, a child cannot be whatever he wants to be. Leave aside for the time being the difficulties involved in entering a profession such as medicine. Consider the more man-on-the-street jobs through which millions of Americans seek to earn a living, support their families, and better themselves. Suppose a person wants to drive a taxi in New York City. To do so, he will first have to come up with a million dollars to buy a “medallion.” If he wants to create and sell flower arrangements, and lives in Louisiana, he'll have to pass a “highly subjective, State-mandated licensing exam.” If he wants to sell tacos or the like from a “food truck,” and lives in Chicago, he had better keep his business away from competing restaurants, or else face a ticket and fine. And a child doesn't have to wait until he's an adult to directly experience such limitations on his freedom. Last summer, authorities in various states shut down children's lemonade stands because they didn't have vending permits or meet other local regulations. In today's America, it is increasingly difficult to enter various professions, near impossible to enter some, and, whatever one's profession, it is likely saddled with regulations that severely limit the ways in which one can produce and trade. Timothy Sandefur explores and explains these developments in The Right to Earn a Living: Economic Freedom and the Law. Sandefur addresses this subject in the most comprehensive manner I've seen, surveying the history of economic liberty from 17th-century England through the Progressive era in America and up to the present day. He shows how the freedom to earn a living has been eroded in multiple ways throughout the legal system, from unreasonable rules, to licensing schemes, to limitations on advertising, to restrictions on contracts. In The Right to Earn a Living, we see how these and other factors combine to create a system in which it is more and more difficult to support oneself and one's family in the manner one chooses.
- Topic:
- Development and Economics
- Political Geography:
- New York and America
510. Keynes Hayek: The Clash That Defined Modern Economics
- Author:
- Richard M. Salsman
- Publication Date:
- 12-2011
- Content Type:
- Journal Article
- Journal:
- The Objective Standard
- Institution:
- The Objective Standard
- Abstract:
- New York: W. W. Norton Company, 2011. 382 pp. $28.95 (hardcover). Reviewed by Richard M. Salsman The financial-economic crash of 2008–9, dubbed the “Great Recession” by pundits who have insisted its severity was second only to that of the Great Depression (1930s), has been blamed on “greed,” tax-rate cuts (2003), the GOP, and looser regulations in the prior decade—that is, to what passes today for full, laissez-faire capitalism (the same culprit fingered in the 1930s). The crash has also renewed interest in Keynesian economics, which holds that free markets are prone to failures, breakdowns, and recessions due to excessive production (supply) and can be cured of slumps only by state intervention to boost demand and dictate investment. And the crash has led to the worldwide adoption of two pet policies of John Maynard Keynes (1883–1946): massive deficit spending and inflation to “stimulate” stagnant economies. In fact, economies continue to languish not in spite of Keynesian policies but because of them. One key factor precipitating the recent revival of Keynes was the awarding of a Nobel prize to Keynesian Paul Krugman in fall 2008, during the worst weeks of the crisis, when the $700 billion bank bailout (TARP) was debated and enacted. A half dozen new books since 2008 also have helped revive Keynesian notions; one is subtitled “return of the master,” another eagerly reports that the crash has “restored Keynes, the capitalist revolutionary, to prominence.” As in the 1930s, when Keynes first exerted strong influence on policy, he is depicted today as capitalism's savior, favoring a mixed economy to quell popular angst of recessions and prevent more authoritarian alternatives (fascism, communism). Like most intellectuals today, British journalist Nicholas Wapshott (formerly senior editor at the London Times and New York Sun) falsely attributes the recent financial crisis to overly free markets; he also admires Keynes, his demand-side theories, and his interventionist policies. Yet unlike typical hagiography on Keynes, Wapshott adopts an ideas-oriented approach to Keynes's revival in his book, Keynes Hayek: The Clash That Defined Modern Economics. Like most interpreters, Wapshott believes that Keynesianism somehow “saves” capitalism from itself and from ultimate political tyranny, although he does not deny (or bother to hide) the many cases where Keynes expresses an unvarnished hatred for individualism and free markets. He acknowledges (and welcomes) the return of Keynesian policies, but he worries they may have been hastily implemented and thus ineffectual, given that multi-trillion-dollar stimulus schemes in the three years since 2008 have not boosted growth or jobs. Wapshott rightly recounts how Keynesianism was discredited during the 1970s “stagflation” (which it could not explain) and successfully challenged by “efficient market” theorists and classically oriented supply-siders (“Reaganomics”). But he exaggerates the reach of pro-capitalist ideas and policies in recent decades, and pins blame for the recent crash on what is still free about markets, not on the state interventions that necessarily render otherwise efficient markets dysfunctional and destructive. Yet Wapshott's main goal in Keynes Hayek is to have us understand Keynes's recent revival in the context of a long-running battle or “clash” between the ideas and policies of Keynes and those of Austrian economist Friedrich Hayek (1899–1992), who is portrayed as the champion of free markets and skeptic toward state intervention. Wapshott mostly succeeds in achieving his goal, but in the end he draws the wrong conclusion—namely, that the Keynesian revival is warranted—because he believes, not merely with Keynes, but, we see, also with Hayek, that markets fail when left free. In fact, free markets do not fail, but widespread belief that they do has helped revive Keynes. . . .
- Topic:
- Economics
511. Capitalist Solutions: A Philosophy of American Moral Dilemmas
- Author:
- Ari Armstrong
- Publication Date:
- 12-2011
- Content Type:
- Journal Article
- Journal:
- The Objective Standard
- Institution:
- The Objective Standard
- Abstract:
- New Brunswick: Transaction Publishers, 2012. 180 pp. $34.95 (hardcover). Reviewed by Ari Armstrong How often does an author defend the right of citizens to own guns and the right of homosexuals to marry—in the same book chapter? In his new book Capitalist Solutions, Andrew Bernstein applies the principle of individual rights not only to “social” issues such as gun rights and gay marriage but also to economic matters such as health care and education and to the threat of Islamic totalitarianism. Bernstein augments his philosophical discussions with a wide range of facts from history, economics, and science. The release of Capitalist Solutions could not have been timed more perfectly: It coincides with the rise of the “Occupy Wall Street” movement that focuses on “corporate greed” and the alleged evils of income inequality. Whereas many “Occupiers” call for more government involvement in various areas of the economy—including welfare support and subsidies for mortgages and student loans—Bernstein argues forcefully that government interference in the market caused today's economic problems and that capitalism is the solution. The introductory essay reviews Ayn Rand's basic philosophical theories, with an emphasis on her ethics of egoism and her politics of individual rights. Bernstein harkens back to this philosophical foundation throughout his book, applying it to the issues of the day. . . .
- Topic:
- Economics, Education, and Health
- Political Geography:
- America
512. From the Editor
- Author:
- Craig Biddle
- Publication Date:
- 12-2011
- Content Type:
- Journal Article
- Journal:
- The Objective Standard
- Institution:
- The Objective Standard
- Abstract:
- Merry Christmas, readers! And welcome to the Winter 2011 issue of The Objective Standard. I'd like to begin by congratulating Antonio Puglielli, the winner of the second annual TOS essay contest. Mr. Puglielli's entry, “'Dog Benefits Dog': The Harmony of Rational Men's Interests,” won him $2,000 and publication of his essay in TOS (see p. 67). Second place went to Caleb Nelson (winning $700) and third place to Deborah B. Sloan (winning $300). Congratulations to Mr. Nelson and Ms. Sloan, as well! As Mitt Romney and Newt Gingrich vie for the GOP presidential nomination, and as Republicans marshal efforts to secure as many Senate seats as possible, advocates of liberty need to keep an eye on the one principle that unifies our political goals and grounds them in moral fact. In “The American Right, the Purpose of Government, and the Future of Liberty,” I identify that principle and discuss its application to issues of the day, including “entitlement” spending, corporate bailouts, and the Islamist threat. If you wonder which side of the abortion debate has the facts straight—or why the issue should matter to anyone other than pregnant women—you will find answers in “The Assault on Abortion Rights Undermines All Our Liberties,” by Diana Hsieh and Ari Armstrong. And if you already know the answers, I think you'll agree that this is the article to circulate on this matter. You may think that Steve Jobs was an impatient man, and you may know of evidence to support that idea, but in Daniel Wahl's “The Patience of Jobs,” you'll discover that Jobs, once again, breaks the mold. He was not patient, yet he was. How can that be? (Hint: The answer has nothing to do with Buddhism.) Get ready to fall in love with Linda Mann's still lifes and her manner of discussing them. Why do they grab your attention? Why do they hold it? Why are they so fascinating and rich and beautiful? I press Ms. Mann for answers, and she delivers. The interview is accompanied by color images of the paintings discussed. What's so great about the National Gallery of Art in Washington, D.C.? Sanctum sanctorum—it's the holy of holies—says Lee Sandstead, and he has facts and photos to prove it. Chris Wolski reviews the movie The Help, directed by Tate Taylor. And the books reviewed in this issue are: Steve Jobs, by Walter Isaacson (reviewed by Daniel Wahl); This is Herman Cain! My Journey to the White House, by Herman Cain (reviewed by Gideon Reich); American Individualism—How a New Generation of Conservatives Can Save the Republican Party, by Margaret Hoover (reviewed by Michael A. LaFerrara); Disabling America: The Unintended Consequences of the Government's Protection of the Handicapped, by Greg Perry (reviewed by Joshua Lipana); The Right to Earn a Living: Economic Freedom and the Law, by Timothy Sandefur (reviewed by Loribeth Kowalski); Keynes Hayek: The Clash That Defined Modern Economics, by Nicholas Wapshott (reviewed by Richard M. Salsman); Capitalist Solutions: A Philosophy of American Moral Dilemmas, by Andrew Bernstein (reviewed by Ari Armstrong); Toyota Under Fire: Lessons for Turning Crisis into Opportunity, by Jeffrey K. Liker and Timothy N. Ogden (reviewed by Daniel Wahl); Dare to Stand Alone: The Story of Charles Bradlaugh, Atheist and Republican, by Bryan Niblett (reviewed by Roderick Fitts). This issue of TOS completes our sixth year of moving minds with the ideas on which a culture of reason and freedom depend. Our seventh year will be, as every year is, bigger and better than the last, and we thank you for your continued business and support. We couldn't do what we do without you. Have a joyful Christmas, a happy New Year, and a prosperous 2012. —Craig Biddle
- Topic:
- Economics and Government
- Political Geography:
- New York, America, and Washington
513. The Human Dimension of International Cultural Heritage Law: An Introduction
- Author:
- Francesco Francioni
- Publication Date:
- 02-2011
- Content Type:
- Journal Article
- Abstract:
- 1. In introducing this EJIL symposium, I cannot help but recall a much debated article published in 1986 in the American Journal of International Law. The author of that article, Stanford professor John Merryman, theorized that there are \'two ways of thinking about cultural property\'. 1 The first, he argued, is the national(istic) way, which conceives of cultural property as part of the nation, with the attendant desire of governments to jealously retain it within state boundaries and to limit its international circulation. The second is the international way, which views cultural property as the heritage of humankind and supports the broadest access and circulation to facilitate exchange and cultural understanding among different peoples of the world. The author left no doubt that the latter view was to be preferred for its alleged capacity to contribute to a cosmopolitan order, in which cultural property can be freely accessed and thus contribute to the intellectual and moral progress of humanity. One may wonder whether this dual perspective accurately reflected the spirit of the law and the policy attitudes of the time when the article was written. Certainly, it cannot adequately explain the present state of the law and, in particular, of international law. Today, there are more than just two ways of thinking about cultural property. Cultural property may be seen as part of national identity, especially in the post-colonial and post-communist context, but it can also be looked at as part of the \'territory\', the physical public space that conditions our world view and which is part of what we normally call \'the environment\' or the \'landscape\'. Cultural property may be seen as moveable artifacts susceptible to economic evaluation, and for this reason subject to exchange in international commerce; but it may also be thought of as objects endowed …
- Topic:
- Economics and Government
- Political Geography:
- America
514. Danny Nicol. The Constitutional Protection of Capitalism
- Author:
- Fernando Losada Fraga
- Publication Date:
- 02-2011
- Content Type:
- Journal Article
- Abstract:
- When the current economic crisis began, political leaders all around the world spread the idea that capitalism needed somehow to be reformed. 1 A couple of years later one might think that not much has been achieved in that direction and blame politicians for their lack of will. However, it is not so clear that reforms – even if the political will existed – would be easy to realize. As Danny Nicol argues, the neoliberal conception of capitalism is constitutionally shielded as a result of the content and the development of different but coexisting legal regimes such as the World Trade Organization (WTO) or the European Union (EU), and of the activism of the European Court of Human Rights (ECtHR). Describing the resulting 'constitutional protection of capitalism' is precisely what this book is about: Nicol tries to determine to what extent national politics are predetermined by the ongoing economic integration. Or, putting it differently, his research aims at explaining how much room for manoeuvre states, and in particular the United Kingdom, maintain now that the international and European economic integration treaties they ratified years ago have evolved in an unexpected way. The author thus identifies two trends 'that have pervaded the evolution of transnational regimes' (at 156), namely their widened scope and their enhanced binding character, and claims that such developments have a special impact on the freedom of Parliament to decide, 2 a freedom which, as we must bear in mind, is at the core of British constitutionalism. Both the title and the cover of this book, in which the symbol of the British Parliament, Big Ben, blurs among the buildings of the City, are very explicit about the national perspective from which this book approaches transnational regimes. The book is structured in five chapters. The first describes the …
- Topic:
- Development, Economics, and Government
515. Of BRICs and Mortar: The Growing Relations Between Africa and the Global South
- Author:
- Maxi Schoeman
- Publication Date:
- 03-2011
- Content Type:
- Journal Article
- Journal:
- The International Spectator
- Institution:
- Istituto Affari Internazionali
- Abstract:
- The ambitions of the global South for a larger share of global wealth and political power are at least partly being played out on the African continent. The increasing Africa-South relations seem to indicate a relative decline in Africa-North ties, with the shift in Africa's trade relations from North to South resulting in trade creation rather than trade diversion. The South partners are also providing much needed infrastructure development assistance to the continent. Politically, these relations are formalised in a host of frameworks and associations and operate in fundamentally different ways from those between Africa and its erstwhile colonial masters. It is doubtful, though, to what extent Africa's capacity to influence the global agenda is strengthened, especially given that not a single African country is (yet) a member of the 'South Big Four', the BRICs.
- Topic:
- Economics
- Political Geography:
- Africa
516. Public and Elite Views on Europe vs. China in Africa
- Author:
- Lorenzo Fioramonti and Patrick Kimunguyi
- Publication Date:
- 03-2011
- Content Type:
- Journal Article
- Journal:
- The International Spectator
- Institution:
- Istituto Affari Internazionali
- Abstract:
- Europe has been the privileged economic and political partner of Africa, but more recently China has increased its foothold in Africa through important financial investments and trade agreements. Against this backdrop, the empirical research conducted in 2007-08 in Kenya and South Africa as part of a pioneering international project investigates the perceptions of public opinion, political leaders, civil society activists and media operators. While confirming their continent's traditional proximity to Europe, African citizens are increasingly interested in China and its impact on Africa's development. Europe is criticised for not having been able to dismiss the traditionally 'patronising' attitude towards Africa. While African civil society leaders and media operators describe China as an opportunity for Africa to break free of its historical dependence on European markets, other opinion leaders warn against too much enthusiasm for the Asian giant. There is a suspicion that the Chinese strategy might, in the long run, turn into a new form of economic patronage.
- Topic:
- Civil Society and Economics
- Political Geography:
- Kenya, Africa, China, Europe, Asia, and South Africa
517. Why Ireland's Luck Ran Out and What This Means for the Eurozone
- Author:
- Shalendra D. Sharma
- Publication Date:
- 03-2011
- Content Type:
- Journal Article
- Journal:
- The International Spectator
- Institution:
- Istituto Affari Internazionali
- Abstract:
- Given its impressive economic performance over the past two decades, Ireland earned the title, the 'Celtic Tiger'. However, as the contagion from the subprime-induced global financial crisis spread, Ireland's boom went bust. In short order, Ireland (like Greece before it), had to seek financial assistance from the EU and the IMF to stave off sovereign default and national humiliation. How did Dublin and the eurozone respond to the crisis and what lessons can be learned from Ireland's experience? While Ireland grapples with its huge public debt, the EU needs to instill confidence in the markets before the current rolling debt crisis becomes a systemic threat to the eurozone.
- Topic:
- Debt and Economics
- Political Geography:
- Ireland and Dublin
518. The Myth of Economic Complementarity in Sino-Indian Relations
- Author:
- Yasheng Huang
- Publication Date:
- 05-2011
- Content Type:
- Journal Article
- Journal:
- Journal of International Affairs
- Institution:
- School of International and Public Affairs, Columbia University
- Abstract:
- It is now a part of conventional wisdom that both China and India are emerging economic, political and even military powers in the 21st century. Terms such as “BRIC” and “Chindia,” and phrases such as “not China or India, but China and India” have entered popular discourse and policy discussions. Such terms imply a synergistic relationship between China and India—an implication that belies the tension that has characterized Sino-Indian relations for centuries. My view is less sanguine than many others' about the prospects of their relations. Relations between the two countries will be fraught with difficulties and will likely remain fragile. Conflict and competitiveness are deeply rooted in historical and structural causes, while forces for harmony are more contingent on political will, cultural understanding and careful policy management. There are several areas in which their relations can go wrong. At a fundamental level, the two countries are in an economically competitive, not a complementary, relationship with each other. Their economic and social endowments are similar (as compared with China/U.S. or India/U.S.). India and China offer very different lessons about economic policies and growth. This is not to suggest that the two countries are headed toward an inevitable collision, but to identify the urgency of carefully managing their relations and nurturing trust and goodwill on both sides.
- Topic:
- Economics
- Political Geography:
- United States, China, and India
519. India: A Global Economic Power? Revisting the Past and Contemplating the Future
- Author:
- Arvind Panagariya
- Publication Date:
- 05-2011
- Content Type:
- Journal Article
- Journal:
- Journal of International Affairs
- Institution:
- School of International and Public Affairs, Columbia University
- Abstract:
- In the Spring/Summer 1994 issue of the Journal, I published an article entitled “India: A New Tiger on the Block?” in which the concluding paragraph asked, “Will India accomplish in the next decade what China did in the previous one?” I stated that although it is overly optimistic to respond affirmatively, a 6 to 7 percent annual growth rate in India could not be ruled out. The world should not be surprised if, in a decade's time, it sees another tiger on the block.
- Topic:
- Economics
- Political Geography:
- India
520. Blind Men and an Elephant: How the Indian and Chinese Press Cover Myanmar
- Author:
- Paul Fraioli
- Publication Date:
- 05-2011
- Content Type:
- Journal Article
- Journal:
- Journal of International Affairs
- Institution:
- School of International and Public Affairs, Columbia University
- Abstract:
- The objective of this paper is to examine how patterns of Indian and Chinese reporting on Myanmar reflect the political climates of each country. A sample of 94 articles from Indian sources and 106 articles from Xinhua News Agency (English) was examined using content-analysis techniques. There is a clear divergence in the topics covered by the Indian and Chinese media during the time period reviewed, 3 November to 17 November 2010, which was selected to coincide with Myanmar's first nationwide elections in twenty years as well as the release of political prisoner Aung San Suu Kyi from house arrest. The Indian press provided more coverage of Suu Kyi's release and of Myanmar political affairs than the Chinese press, but neither India nor China covered Suu Kyi's activities in the days following her release. The Chinese press provided more coverage of economic affairs and the Myawaddy border crisis, which the Indian press ignored. Surprisingly, the press in nondemocratic China attentively chronicled and promoted Myanmar's elections while the press in democratic India had very little to say about them. This suggests that on these issues, the press focus on what they perceive to be in the national interest of their respective countries.
- Topic:
- Economics
- Political Geography:
- China and India
521. Beyond Rhetoric: Sino-Indian Relations in an Era of Interdependence - Asian Knowledge-Based Economics: Complex and Convoluted
- Author:
- Aditi Malik and Maria Y. Wang
- Publication Date:
- 05-2011
- Content Type:
- Journal Article
- Journal:
- Journal of International Affairs
- Institution:
- School of International and Public Affairs, Columbia University
- Abstract:
- With the simultaneous rise of two titans in Asia, India and China, what are the features that mark their relations with one another? Furthermore, what can current relations tell us about future prospects for peace between the two nations? These are the fundamental questions with which Jonathan Holslag is concerned. He notes that these are not new questions but ones that have been the subject of continuous debate. He argues that this debate has broadly produced two camps: the first camp is focused on the “security relationship,” while the second analyzes the above questions from the perspective of the increased interdependence between the two nations. Holslag aims to situate his work by taking into account information from both camps.
- Topic:
- Security and Economics
- Political Geography:
- China, India, and Asia
522. Negotiating regions=fostering welfare: the Economic Partnership Agreements as new model of development?
- Author:
- Ulrike E Lorenz
- Publication Date:
- 01-2011
- Content Type:
- Journal Article
- Journal:
- Journal of International Relations and Development
- Institution:
- Central and East European International Studies Association
- Abstract:
- Despite the melodious intentions to make poverty history in the 21st century, the quest for promising concepts proves to be far less harmonious. Hopes were high that a globalised world would imply the smooth diffusion of such positively valued 'assets' as wealth and knowledge through a just system.
- Topic:
- Economics
523. Southern Sudan - Economic Security and Independence - A contradiction of Terms?
- Author:
- William Morrell
- Publication Date:
- 02-2011
- Content Type:
- Journal Article
- Journal:
- Journal of Security Sector Management
- Institution:
- Centre for Security Sector Management
- Abstract:
- This paper will provide an overview of the historical, political and economic situation in Southern Sudan in the run up towards its referendum on independence in January 2011. There is a strong sense that the South will vote for secession without full cognisance of the implications for its longer term peace and prosperity. The paper will review the correlates of war onset identified in contemporary research and assess their applicability to Southern Sudan at this important juncture. It will look for mitigating factors and explore strategies for securing the economy as a prerequisite to longer term peace and economic viability.
- Topic:
- Economics
- Political Geography:
- Sudan and Alabama
524. Incentives and Survival in Violent Conflicts
- Author:
- Moshik Lavie and Christophe Muller
- Publication Date:
- 06-2011
- Content Type:
- Journal Article
- Journal:
- The Goettingen Journal of International Law
- Institution:
- The Goettingen Journal of International Law
- Abstract:
- This paper analytically investigates the incentive scheme of perpetrators of violent conflicts. It provides a rational equilibrium framework to elicit how monetary incentives and survival considerations shape a combatant‟s decision to participate in a conflict. In the model, a leader decides to award soldiers monetary incentives. Civilians finance the militia via donations and soldiers decide on the actual fighting and indulge in looting. We explore the scheduled decision-making that takes place on the path toward a violent conflict and study the principal-agent relationship that exists between the leader and the militia. In addition, we analyze the effect of several internal factors (productivity and survival risk) and external factors (relative economic resources, opponents‟ military strength) on the intensity of the conflict.
- Topic:
- Economics
525. Clean Trade in Natural Resources
- Author:
- Leif Wenar
- Publication Date:
- 05-2011
- Content Type:
- Journal Article
- Abstract:
- The "resource curse" can strike countries that derive a large portion of their national income from exporting high-value natural resources, such as oil, gas, metals, and gems. Resource-exporting countries are subject to four overlapping curses: they are more prone to authoritarianism, they tend to suffer more corruption, they are at a higher risk for civil wars, and they exhibit greater economic instability. The correlations between resources and such pathologies as authoritarianism, corruption, civil conflict, and economic dysfunction are evident in the list of the five major African oil exporters: Algeria, Angola, Libya, Nigeria, and Sudan. The recent histories of mineral exporters support the correlations: for example, "blood diamonds" fueled Sierra Leone's decade-long civil war, and the continuing conflict in the metal-rich eastern Congo has caused up to 6 million deaths. The phenomenon is not solely African: Burma, Yemen, and Turkmenistan, for example, are also resource cursed. Moreover, poor governance in resource-cursed countries can engender follow-on pathologies, such as a propensity to cause environmental damage both domestically (for example, through the destruction of forests) and globally (through increased greenhouse gas emissions). Most research on the resource curse has focused on the institutions of exporting countries. This essay focuses instead on importing countries, especially those in North America and Europe. I survey how the resource curse impedes core interests of importing states. I then discuss how the policies of importing states drive the resource curse, and how these policies violate their existing international commitments. The second half of the paper describes a policy framework for importing states that can improve international trade in resources for both importers and exporters.
- Topic:
- Economics
- Political Geography:
- Africa, Europe, Sudan, Libya, Algeria, Burma, North America, Nigeria, and Angola
526. Kevin E. Davis (ed.), Institutions and Economic Performance (Cheltenham, UK: Edward Elgar, 2010).
- Author:
- Martino Bianchi
- Publication Date:
- 05-2011
- Content Type:
- Journal Article
- Journal:
- Central European University Political Science Journal
- Institution:
- Central European University
- Abstract:
- The relevance of institutions for the economic analysis is a theoretical core issue within contemporary debate. Mainstream neoclassical economics, in fact, has traditionally considered institutions as a peripheral element: they are constraints, which can interfere with market outcomes, but that nevertheless are mainly irrelevant in understanding the inner mechanisms of markets. On the contrary, within the Institutional Economics, and later the New Institutional Economics (NIE) many scholars has tried to support the idea that institutions are the crucial element which explains economic performances: moulding actors preferences and behaviour, institutions directly affect each element of economics theory. In their analyses NIE scholars draws from various scientific disciplines, like political science, cognitive theories, social psychology and sociology: they make an attempt to abandon the thrifty descriptions produced by mainstream economists, giving a much broader insight in economic dynamics. At the same time, they try to outline an empirical description of market's configuration. In the last two decades NIE has gained considerable relevance and scientific recognition: first Ronald Coase, in 1991, then Douglass C. North in 1993, and finally Oliver E. Williamson and Elinor Ostrom who, in 2009, won the Nobel Prize for Economics. Despite this, NIE is still usually referred as a heterodox scholarship.
- Topic:
- Economics
527. Daniel Heller-Roazen, The Enemy of All: Piracy and The Law of Nations (New York: Zone Books, 2009).
- Author:
- Zoltán Glück
- Publication Date:
- 05-2011
- Content Type:
- Journal Article
- Journal:
- Central European University Political Science Journal
- Institution:
- Central European University
- Abstract:
- Perhaps the most misleading platitude that one hears all too often in discussions of the contemporary rise of piracy off the Horn of Africa is that piracy has been around since the beginning of recorded history. On the surface, the statement is of course true. But this truth comes at the tremendous price of conceptually flattening differences between diverse social and historical situations into a one dimensional legal category, thereby obfuscating the genealogy of a concept and a figure that has been formative to the history of nations. It is precisely this complex genealogy that Professor Heller-Roazen assails and reconstructs with tremendous acumen and subtlety in his latest work The Enemy of All: Piracy and the Law of Nations.
- Topic:
- Economics
- Political Geography:
- Germany and North Africa
528. Decision-Making under Uncertainty: Using Case Studies for Teaching Strategy in Complex Environments
- Author:
- Dr. Volker Franke
- Publication Date:
- 01-2011
- Content Type:
- Journal Article
- Journal:
- Journal of Military and Strategic Studies
- Institution:
- Centre for Military, Security and Strategic Studies
- Abstract:
- Today's strategic environment is increasingly characterized by threats that "are both diffuse and uncertain, where conflict is inherently unpredictable, and where our capability to defend and promote our national interests may be restricted by political, diplomatic, informational and economic constraints. In short, it is an environment marked by volatility, uncertainty, complexity, and ambiguity (VUCA)." Decision-makers, both civilian and military, who want to operate effectively in this environment must consider a wide range of social, political and cultural factors and demonstrate cognitive flexibility, adaptability and the ability to make decisions "on the fly."
- Topic:
- Climate Change and Economics
529. Globalization and Unemployment
- Author:
- Michael Spence
- Publication Date:
- 07-2011
- Content Type:
- Journal Article
- Journal:
- Foreign Affairs
- Institution:
- Council on Foreign Relations
- Abstract:
- Jobs growth was slow in May, renewing pessimism about the U.S. economy. Spence, a Nobel Prize-winning economist writes that economic growth and employment in the United States have started to diverge, increasing income inequality and reducing jobs for less-educated workers.
- Topic:
- Economics, Globalization, Poverty, and Labor Issues
530. Good News and Bad News from the Korean Peninsula
- Author:
- Donald P. Gregg
- Publication Date:
- 04-2011
- Content Type:
- Journal Article
- Institution:
- Council of American Ambassadors
- Abstract:
- The good news out of the Koreas is that President Barack Obama, as no other president before him, has recognized that South Korea is America's most reliable and active ally in Asia. The President mentioned South Korea in his January 25 State of the Union speech far more than any other country, praising its teachers, its technical prowess, its growing economic status, and urging quick ratification of the Korea-US Free Trade Agreement. If any further proof of Seoul's current status was needed, David Sanger in The New York Times of February 20, 2011, said flatly, “South Korea…is now Washington's favorite ally in Asia.”
- Topic:
- Economics and Treaties and Agreements
- Political Geography:
- United States, New York, Washington, Asia, South Korea, and Sinai Peninsula
531. Suckers, Punters, Pathbreakers: When Homo Oeconomicus Is Selflessly Selfish
- Author:
- Anthony de Jasay
- Publication Date:
- 06-2011
- Content Type:
- Journal Article
- Journal:
- The Cato Journal
- Institution:
- The Cato Institute
- Abstract:
- Rational choice presupposes that people do what they like better than any available alternative. If, however, we mistrust what they declare to like or what psychology is supposed to tell us about it (a pardonable enough mistrust), we can only infer what they like from observing what they do. We must be content with revealed preference. The theory of choice is locked into the tautology of “they do what they like because they like what they do,” and requiring their preferences to be orderly and consistent is of little practical help. In its elegance, modern choice theory, as represented in neoclassical economics, is too smooth and slippery to be very useful.
- Topic:
- Economics
532. The Opportunities and Challenges for President Dilma Rousseff
- Author:
- Roberto Setubal
- Publication Date:
- 06-2011
- Content Type:
- Journal Article
- Journal:
- Americas Quarterly
- Institution:
- Council of the Americas
- Abstract:
- Gradually and firmly over the past 15 years, Brazil has consolidated a stable democracy, broken free from macroeconomic instability, and taken remarkable steps toward alleviating poverty and reducing a historically high level of income inequality. The country that welcomed Dilma Rousseff as its new president on January 1 is also the country that will host the 2014 World Cup and the 2016 Summer Olympics. Ms. Rousseff has a chance to push Brazil further along the road to development. To get there, she must maintain the achievements of the past and persevere in making the changes that Brazil needs. The opportunities are big—so are the challenges. Brazil's political, economic and social advances have paved the way for the development of a large consumer market. This puts the country in a position to benefit from today's global marketplace. Consumer spending in advanced economies is flattening out. At the same time, with their large potential consumer markets, emerging markets are becoming “consumers of last resort,” attracting an increasing share of global resources. Brazil is one of them. A new, larger middle class is now emerging. From 2003 to 2009, about 35.7 million people joined Brazil's middle-class income bracket. By 2014, Brazilian economists and business leaders estimate that another 30 million will have made that move. This development will have far-reaching implications for businesses, but also for society as a whole. Investment is very likely to rise in the years ahead. New projects now follow the expected consumer patterns of this new middle class. Investment is spurred by macroeconomic stability and other developments that have increased confidence and enabled a slow but steady decline in real interest rates. This has lowered the cost of capital and stimulated credit and capital markets. Investments will also increase for more specific reasons. First, the new deepwater oil fields will require vast financial resources and new technology, allowing Brazil's oil production to double by 2020. Second, pent-up demand for housing will be a catalyst for investment, since a significant number of Brazilians still live in sub-standard homes. Third, the World Cup and Olympics will require investments on a considerable scale. Preparing for these large sports events will benefit diverse sectors of the economy, through spending on ports and airports, urban transportation, sports facilities, hotels, telecommunications, energy, and security. Tourism is likely to benefit during the games, and also afterward. Nevertheless, with public and private domestic savings at their current low levels, Brazil will need to continue tapping external savings to finance growth. That means a larger current-account deficit and an exchange rate appreciated by capital inflows. Brazil will have to make the most of its available resources. It will be essential to create an environment that is conducive to private sector saving and investment. Ensuring stable macroeconomic conditions is critical. Remaining market-friendly in a well-regulated environment is also crucial for healthy and abundant financing. A well-established institutional design for regulatory agencies, which instills the necessary confidence that the private sector can undertake major, long-term projects, is indispensable. A great deal can be achieved through small but focused changes, instead of ambitious but often unrealistic regulatory agendas. The advance in credit regulation in Brazil is one such example. Developing a deeper market for private, fixed-income securities is important, but there needs to be a liquid secondary market, so that families have more confidence in extending the maturities on their investments. Just as we have such a market for equities, we can have one for fixed-income securities...
- Topic:
- Security and Economics
- Political Geography:
- Brazil
533. Puncturing the 4 Myths about Latin America
- Author:
- Raul Rivera
- Publication Date:
- 06-2011
- Content Type:
- Journal Article
- Journal:
- Americas Quarterly
- Institution:
- Council of the Americas
- Abstract:
- Most people have grown used to thinking about Latin America as a region of marginal global importance: painfully poor, violent, politically and economically unstable and, to top it all, fragmented into some 20-odd countries, each one different from the other. So when Jerry Wind, founding editor of Wharton School Publishing, invited me to speak on Latin America at a Wharton conference aimed at senior U.S. executives, I wondered what a group of U.S. businesspeople would be interested to hear about the region. Who, after all, would want to do business in a place like that? But how accurate are those perceptions? As I prepared for my talk, my conclusion was: not much. Let's address the four principal myths about the region one by one. Myth 1: Latin America Really Does not Matter Economically To start, the territory of continental Latin America is larger than the U.S. and China combined, four times larger than the European Union, and seven times larger than India—a country roughly the size of Argentina. With almost every ecosystem represented, it is in fact the world's most biodiverse region, containing five of the world's ten most biodiverse countries. The region's bio-capacity (the biological productivity of the land measured in hectares per capita) is also larger than any other's. Witness the region's role in the global food chain: it is the largest producer of soybeans, coffee, sugar, bananas, orange juice, a leading fishmeal producer, and a major grain and meat exporter. Its mineral riches keep world industry running: silver, gold, copper, zinc, lead, tin, bismuth, molybdenum, rhenium, telurium, borium, strontium—you name it. And it produces one out of every six barrels of oil. In fact, much of the global community depends on Latin America's vast riches for its prosperity—indeed, for its survival. To that point: the Amazon basin plays a crucial role in the recycling of atmospheric carbon, absorbing one fourth of all global emissions. Latin America's population, now approaching 600 million, is twice that of the U.S. and significantly larger than the combined population of the European Union. Those numbers do not include some 50 million U.S. permanent residents and citizens who trace their origins back to the region (and keep close ties with it). By 2050, the region's population will have risen to an estimated 800 million. Latin America is not poor either. It boasts a per-capita GDP similar to the global average: $10,000. It is no richer or poorer than the rest of the world. In fact, 400 million people, or two-thirds of all Latin Americans, already belong to the global middle class, with their purchasing power fueling much of Latin America's growth. With some 200 million people still living in poverty, Latin America's poor are still numerous. But their ranks are declining fast, at a rate of 5 million a year over the past decade. As a result, its Gini coefficient improved by 10 percent between 2002 and 2008. In brief: the world's poor are now elsewhere—mainly in Asia and Africa. A population this large combined with average income levels have turned Latin America into the fourth largest economy in the world, with a regional GDP of some $6 trillion (purchasing power parity). That is larger than that of Russia and India's combined—larger, in fact, than that of any country or region other than the U.S., the EU and China. Not bad for a “region of marginal importance.” You could argue that Latin America's fragmentation into small, separate markets makes all the difference. But you would be wrong. As a result of the free-market reforms of the past decades, Latin America's economy is now the most open to trade in the developing world, with average tariffs down to 10 percent or less. Intraregional trade is booming. Most significantly, Chile, Colombia, Mexico, and Peru have signed bilateral free-trade agreements (with both the EU and the U.S., though Colombia's is waiting for the U.S. Congress' approval). These agreements are giving rise to a free-trade zone of some 200 million consumers, larger than Brazil and fully open to global trade. Surprisingly, it does not yet have a name—or a space among the BRICs. It will, though. Let's name these four countries the L-4 for now...
- Topic:
- Economics and Poverty
- Political Geography:
- United States, Europe, India, Brazil, Colombia, Latin America, Mexico, Chile, and Peru
534. What Happened to the North American Idea?
- Author:
- Robert A. Pastor
- Publication Date:
- 06-2011
- Content Type:
- Journal Article
- Journal:
- Americas Quarterly
- Institution:
- Council of the Americas
- Abstract:
- Two decades ago, the leaders of Canada, Mexico and the United States forged an agreement that transformed North America from just a geographical expression to the world's most formidable economic entity. The North American Free Trade Agreement (NAFTA) eliminated most of the trade and investment barriers that had segmented the continent. Within a decade, trade among the three countries tripled and foreign direct investment (FDI) quintupled. By 2001, the three nations of North America accounted for 36 percent of the world product—up from 30 percent in 1994. And while many economists have waxed enthusiastic about the growing power of Brazil, U.S. trade with Mexico today is more than six times larger than its trade with Brazil. Unfortunately, since 2001 regional cooperation has stagnated. NAFTA, designed to expand trade and investment, has proven too limited in addressing the current issues facing the three countries. The time has come for the leaders of North America to recommit to regional integration if they want to effectively address the policy issues facing the region. For example, in the wake of the 2008 financial crisis, NAFTA can play a major role in job creation. A revamped agreement can potentially double exports and allow North America to once again compete with integrated markets in Asia and Europe. Beyond jobs, enhanced coordination and information sharing among NAFTA partners will allow for better control of immigration and the flow of illicit drugs across our borders. Finally, strengthening ties will begin to close the development gap between Mexico and its two neighbors, fortifying the economic and political bloc. The Rise and Fall of North America Though NAFTA has long faded from the headlines, the agreement's first years showed much promise. When the North American market was created in 1992, the impact was almost immediate. Contrary to the claim by U.S. presidential candidate Ross Perot that American jobs would be “sucked” into Mexico, the dramatic increase in North American trade coincided with the largest wave of job creation in U.S. history. Between 1992 and 2000, roughly 22 million jobs were added in the U.S., while trade with and FDI in Canada and Mexico grew more than 17 percent each year. The combination of expanded trade and investment meant that the three countries were actually making products together rather than just trading them. By combining U.S. capital and technology with Mexico's cheaper labor and Canada's abundant resources, the enlarged North American market experienced rapid growth, while Europe stagnated. From the onset of the U.S.-Canadian Free Trade Agreement in 1988 to 2001, trade among Mexico, Canada and the U.S., as a percentage of their trade with the world, leapt from 36 percent to 46 percent. The decline of the integration idea could be dated to the spring of 2001, when Presidents Vicente Fox of Mexico and George W. Bush of the U.S. met Canadian Prime Minister Jean Chrétien in Québec. Fox and his Foreign Minister Jorge Castañeda arrived with a suitcase filled with proposals, such as a North American Commission, a “cohesion” fund to reduce the development gap, a customs union and an immigration agreement. But Chrétien was not interested in including Mexico in Canada's talks with the U.S., and Bush rejected any new multilateral institution or fund. The opportunity for progress was lost. The share of trade among the three countries as a percentage of their trade with the rest of the world dropped from 46 percent in 2001 to 40 percent in 2009—almost to pre-NAFTA levels. The average annual growth of trade among the three countries declined by two-thirds, while growth of foreign direct investment decreased by one-half…
- Topic:
- Development and Economics
- Political Geography:
- United States, Canada, Brazil, North America, and Mexico
535. The Americas Go Glocal
- Author:
- Saskia Sassen
- Publication Date:
- 06-2011
- Content Type:
- Journal Article
- Journal:
- Americas Quarterly
- Institution:
- Council of the Americas
- Abstract:
- There is little doubt that the North-South axis remains dominant for Latin America's geopolitical positioning. But new relations are emerging and deepening at subnational levels, in turn creating new intercity geographies and challenging that geopolitical notion. These relations are a direct product of economic and cultural globalization. Some examples are the shift of migration from Ecuador and Colombia toward Spain rather than the U.S., the growing economic relations between Chinese businesses and organizations and São Paulo and Rio de Janeiro, and the emergent relations between these cities and Johannesburg, South Africa. The Internet has allowed a rapidly growing number of people to become a part of diverse networks that crisscross the world. And nongovernmental organizations (NGOs) from various parts of the world are establishing active connections over social struggles in Latin America. In other words, beneath the still-dominant North-South geopolitics, transversal geographies are growing in bits and pieces. One trend is the formation of intercity geographies as the number of global cities has expanded since the 1990s. These subnational circuits cut across the world in many directions. A second trend is the growth of civil society organizations and individuals who are connecting around the world in ways that, again, often do not follow the patterns of traditional geopolitics. The New, Multiple Circuits There is no such entity as the global economy. It is more correct to say there are global formations, such as electronic financial markets and firms that operate globally. But what defines the current era is the creation of numerous, highly particular, global circuits—some specialized and some not—interlacing across the world and connecting specific areas, most of which are cities. While many of these global circuits have long existed, they began to proliferate and establish increasingly complex organizational and financial foundations in the 1980s. These emergent intercity geographies function as an infrastructure for globalization, and have led to the increased urbanization of global networks. Different circuits contain different groups of countries and cities. For instance, Mumbai today is part of a global circuit for real estate development that includes investors from cities as diverse as London and Bogotá. Coffee is mostly produced in Brazil, Kenya and Indonesia, but the main place for trading its future is on Wall Street. The specialized circuits in gold, coffee, oil and other commodities each involve particular countries and cities, which will vary depending on whether they are production, trading or financial circuits. If, for example, we track the global circuits of gold as a financial instrument, it is London, New York, Chicago, and Zurich that dominate. But the wholesale trade in the metal brings São Paulo, Johannesburg and Sydney into the circuit, while trade in the commodity, much of it aimed at the retail level, adds Mumbai and Dubai. And then there are the types of circuits a firm such as Wal-Mart needs to outsource the production of vast amounts of goods—circuits that include manufacturing, trading, and financial and insurance services. The 250,000 multinationals in the world, together with their over 1 million affiliates and partnership arrangements worldwide, have created a new pattern of relations that combine global dispersal with the spatial concentration of certain functions often while retaining headquarters in their home countries. The same is true of the 100 top global advanced-services firms that together have operations in 350 cities outside their home base. While financial services can be bought everywhere electronically, the headquarters of leading global financial services firms tend to be concentrated in a limited number of cities. Each of these financial centers specializes in specific segments of global finance, even as they engage in routine types of transactions executed by all financial centers. It's not just global economic forces that feed this proliferation of circuits. Forces such as migration and cultural exchange, along with civil society struggles to protect human rights, preserve the environment and promote social justice, which also contribute to circuit formation and development. NGOs fighting for the protection of the rainforest function in circuits that include Brazil and Indonesia as homes of the major rainforests, the global media centers of New York and London, and the places where the key forestry companies selling and buying wood are headquartered—notably Oslo, London and Tokyo. There are even music circuits that connect specific areas of India with London, New York, Chicago, and Johannesburg. Adopting the perspective of one of these cities reveals the diversity and specificity of its location on some or many of these circuits, which is determined by its unique capabilities. Ultimately, being a global firm or market means entering the specificities and particularities of national economies. This explains why global firms and markets need more and more global cities as they expand their operations across the world. While there is competition among cities, there is far less of it than is usually assumed. A global firm does not want one global city, but many. Moreover, given the variable level of specialization of globalized firms, their preferred cities will vary. Firms thrive on the specialized differences of cities, and it is those differences that give a city its particular advantage in the global economy. Thus, the economic history of a place matters for the type of knowledge economy that a city or city-region ends up developing. This goes against the common view that globalization homogenizes economies. Globalization homogenizes standards—for managing, accounting, building state-of-the-art office districts, and so on. But it needs diverse specialized economic capabilities. Latin America on the Circuit This allows many of Latin America's cities to become part of global circuits. Some, such as São Paulo and Buenos Aires, are located on hundreds of such circuits, others just on a few. Regardless of the case, these cities are not necessarily competing with one other. The growing number of global cities, each specialized, signals a shift to a multipolar world. Clearly, the major Latin American cities have circuits that connect them directly to destinations across the world. What is perhaps most surprising is the intensity of connections with Asia and Europe. Traditional geopolitics would lead one to think that Latin America connects, above all, with North America. There is a strong tendency for global money flows to generate partial geographies. This becomes clear, for example, when we consider foreign direct investment (FDI) in Latin America, a disproportionate share of which goes to a handful of countries. In 2008, for example (a relative peak of FDI), FDI flows into Latin America were topped by Brazil at $45.1 billion, followed at a distance by Mexico at $23.7 billion, Chile at $15.2 billion, and Argentina with $9.7 billion. On average, between 1991–1996 and 2003–2008, FDI in Brazil increased more than five-fold while tripling in Chile and Mexico. Among the countries in the Latin American and Caribbean region receiving the lowest levels of foreign investment in 2008 were Haiti, at $30 million; Guyana, at $178 million; and Paraguay, at $109 million. Globalization and the new information and communication technologies have enabled a variety of local activists and organizations to enter international arenas that were once the exclusive domain of national states. Going global has also been partly facilitated and conditioned by the infrastructure of the global economy…
- Topic:
- Economics, Government, and Non-Governmental Organization
- Political Geography:
- United States, New York, America, South Africa, London, Colombia, Latin America, Mumbai, Sydney, Ecuador, Dubai, and Chicago
536. Ask the Experts: The New Brazil and The Changing Hemisphere
- Author:
- Kevin P. Gallagher, Arturo Sarukhan, Anne-Marie Slaughter, and Kurt G. Weyland
- Publication Date:
- 06-2011
- Content Type:
- Journal Article
- Journal:
- Americas Quarterly
- Institution:
- Council of the Americas
- Abstract:
- Do traditional models of international relations apply in Latin America?
- Topic:
- International Relations, Economics, Environment, and Government
- Political Geography:
- Brazil, Latin America, and Mexico
537. Letters and Replies
- Publication Date:
- 06-2011
- Content Type:
- Journal Article
- Journal:
- The Objective Standard
- Institution:
- The Objective Standard
- Abstract:
- No abstract is available.
- Topic:
- Economics and Education
- Political Geography:
- New York
538. Re-presenting Ireland: tourism, branding and national identity in Ireland
- Author:
- Michael Clancy
- Publication Date:
- 07-2011
- Content Type:
- Journal Article
- Journal:
- Journal of International Relations and Development
- Institution:
- Central and East European International Studies Association
- Abstract:
- This article examines sources of national identity formation under rapidly changing social and economic conditions. Specifically, it links constructivist notions of national identity formation and reformulation to the growing practice of nation branding. Following a discussion of the contributions of constructivism to the literature on national identity, the article summarises the emergence of nation branding as a contemporary strategy to promote a particular image of the nation to a specific audience. While that audience was once confined to political and economic elites, it has broadened in recent years to include potential tourists, diaspora communities and even one's own citizens. The case study of tourism branding in Ireland demonstrates that while the branding message often differs from reality, its content constitutes a powerful tool for the state in reinforcing a particular notion of national identity.
- Topic:
- Economics
- Political Geography:
- Ireland
539. Civilianising warfare: ways of war and peace in modern counterinsurgency
- Author:
- Colleen Bell
- Publication Date:
- 07-2011
- Content Type:
- Journal Article
- Journal:
- Journal of International Relations and Development
- Institution:
- Central and East European International Studies Association
- Abstract:
- This article examines the emergence of counterinsurgency doctrine in Coalition interventions in Afghanistan and Iraq. While counterinsurgency is complimentary to the tenets forwarded by its classical military predecessors in several respects, the article shows that it is also more than a refashioning of conventional military practice. Counterinsurgency is intimately tied to institutional practices that shape global liberal governance. It can be traced to dominant trends in international humanitarian, development and peace interventionism since the end of the Cold War and it deepens the links between the social development of war-affected populations and the politics of international security. Rather than simply a shift in military practice, counterinsurgency is distinguished by its investment in civilian modes of warfare. Counterinsurgency retells the narrative of intervention as part of the evolution of political and economic liberalisation, marking a passage from interventionary force to post-interventionary governance. Modern counterinsurgency, it is concluded, exposes the widening indistinction between contemporary modes of peace and those of war in international relations.
- Topic:
- International Relations, Cold War, Economics, War, Counterinsurgency, and Governance
- Political Geography:
- Afghanistan and Iraq
540. What is critical IPE?
- Author:
- Ian Bruff and Daniela Tepe
- Publication Date:
- 07-2011
- Content Type:
- Journal Article
- Journal:
- Journal of International Relations and Development
- Institution:
- Central and East European International Studies Association
- Abstract:
- International Political Economy (IPE) has, since its emergence in the 1970s, never been a settled discipline. From the beginning there have been disputes over whether one should seek to understand the agents acting within the international economic system or instead focus on ontological enquiries into the historical evolution of world order itself.
- Topic:
- Economics and Political Economy
541. Turkish Interests and Involvement in the Western Balkans: A Score-Card
- Author:
- Žarko Petrović and Dušan Reljic
- Publication Date:
- 07-2011
- Content Type:
- Journal Article
- Journal:
- Insight Turkey
- Institution:
- SETA Foundation for Political, Economic and Social Research
- Abstract:
- The vigor which has characterized the Turkish approach to the Western Balkans since the end of the Cold War has transformed the country into an important regional actor from its previous position as a distant neighbor that showed little interest. Although Turkey and the Western Balkan countries have in the meanwhile achieved the most intensive relationship since the dissolution of the Ottoman Empire, Turkey has not yet displayed the economic capacity and political weight that could make it compete with the magnetism of the European Union for Western Balkan countries. Turkish cultural influence, although significantly widened in the last few years, particularly through investments in educational institutions, is mostly limited to the Muslim population in the region. While potential EU membership remains the most important driver for the political elites in the region, the stalled EU membership prospects of both Turkey and the countries of the region might change this in the future.
- Topic:
- Cold War and Economics
- Political Geography:
- Turkey and Balkans
542. The art of declining politely: Obama's prudent presidency and the waning of American power
- Author:
- Adam Quinn
- Publication Date:
- 07-2011
- Content Type:
- Journal Article
- Institution:
- Chatham House
- Abstract:
- Predictions of 'American decline' have come and gone before, apparently in cycles, leading some to regard it as a cultural trope stemming from domestic insecurities rather than a serious prospect. There is reason to believe, however, that this time is different. Fundamental erosion of the United States' decades-long primacy may finally be at hand, and wise analysis should resist the temptations of contrarianism or denial. Critics of 'declinism' have offered important caveats with which we should qualify any overly simplistic or deterministic portrait of America's trajectory from hegemon to lesser status. This article gives such qualifications due weight while nevertheless seeking to steer our gaze back towards the core truth at the heart of the declinist thesis. That is: unless something very significant changes to jolt the course of events onto a different track, the relative power of the United States—measured in terms of its advantage over others in economic and military capacity—will be shrinking significantly over the decades to come. Happily, the nation's current president seems to have a disposition well fitted to leading the nation into the opening stages of an era of relative decline. President Obama has made headlines in recent months for his boldness in orchestrating the killing of Osama bin Laden. A fuller survey of his foreign policy, however, reveals that its most signal feature has been prudence and circumspection regarding American power and its exercise. Major divergence between the ends pursued and the capacities available for their pursuit is one of the cardinal sins giving rise to strategic failure. It is thus fortunate for the United States that it should have a president who, even if he may not be inclined to cast it in such words himself, seems disposed not to 'rage against the dying of the light' of American primacy, but to practice the admirable art of declining politely.
- Topic:
- Economics
- Political Geography:
- United States and America
543. Asia's century and the problem of Japan's centrality
- Author:
- Brendan Taylor
- Publication Date:
- 07-2011
- Content Type:
- Journal Article
- Institution:
- Chatham House
- Abstract:
- Japan has long been regarded as a central component of America's grand strategyin Asia. Scholars and practitioners assume this situation will persist in the face of China's rise and, indeed, that a more 'normal' Japan can and should take on anincreasingly central role in US-led strategies to manage this power transition. Thisarticle challenges those assumptions by arguing that they are, paradoxically, beingmade at a time when Japan's economic and strategic weight in Asian security isgradually diminishing. The article documents Japan's economic and demographicchallenges and their strategic ramifications. It considers what role Japan mightplay in an evolving security order where China and the US emerge as Asia's twodominant powers by a significant margin. Whether the US-China relationshipis ultimately one of strategic competition or accommodation, it is argued thatJapan's continued centrality in America's Asian grand strategy threatens to becomeincreasingly problematic. It is posited that the best hope for circumventing thisproblem and its potentially destabilizing consequences lies in the nurturing of anascent 'shadow condominium' comprising the US and China, with Japan as a'marginal weight' on the US side of that arrangement.
- Topic:
- Security and Economics
- Political Geography:
- United States, Japan, China, and America
544. Indian foreign policy and contemporary security challenges
- Author:
- Rohan Mukherjee and David M Malone
- Publication Date:
- 01-2011
- Content Type:
- Journal Article
- Institution:
- Chatham House
- Abstract:
- India is fast emerging as an important player in regional and international arenas. However, it continues to be beset by a number of security challenges, both internally and externally. On the assumption that India's foreign policy has evolved in step with its domestic politics, this article briefly surveys the evolution of Indian domestic politics and foreign policy before discussing some of the domestic and international (including regional) security challenges India faces today. The article concludes that although economic diplomacy does at present serve India well in projecting power internationally, achieving great power status in the future will rest on the resolution of key political and security challenges.
- Topic:
- Security, Foreign Policy, and Economics
- Political Geography:
- India
545. Dr Fox and the Philosopher's Stone: the alchemy of national defence in the age of austerity
- Author:
- Paul Cornish and Andrew M. Dorman
- Publication Date:
- 03-2011
- Content Type:
- Journal Article
- Institution:
- Chatham House
- Abstract:
- The history of British defence reviews has been one of repeated disappointment: a cycle in which policy failure is followed by a period of inertia, giving way to an attempt at a new policy framework which is then misimplemented by the defence leadership. Each failed defence review therefore sows the seeds of its successor. With this in mind, in 2010 the new coalition government embarked upon an altogether more ambitious exercise: a strategy review comprising a National Security Strategy and a Strategic Defence and Security Review. This article suggests, nevertheless, not only that the 2010 strategy review looks likely to follow past performance, but also that it is coming unstuck at an unprecedented rate. This is a pity since the 2010 review had much to commend it, not least the adoption of a risk-based approach to security and defence policy-making. What is the explanation for this outcome? Is it that the British have, as some have suggested, lost the ability to 'do strategy', if ever they had it? The authors offer a more nuanced understanding of the policy process and argue that the coalition government in fact has a very clear and deliberate strategy—that of national economic recovery. Yet the coalition government cannot allow national defence and security to fail. The authors conclude with an assessment of the options open to the defence leadership as they seek to address the failing 2010 strategy review and suggest a variety of indicators which will demonstrate the intent and seriousness of the political, official and military leadership of the Ministry of Defence.
- Topic:
- Security, Economics, and Government
- Political Geography:
- Britain
546. Is China a responsible stakeholder?
- Author:
- Amitai Etzioni
- Publication Date:
- 05-2011
- Content Type:
- Journal Article
- Institution:
- Chatham House
- Abstract:
- China has recently been criticized for not being a 'responsible stakeholder', not being a good citizen of the international community and not contributing to global public goods. China 'is refusing to be a responsible stakeholder in the international political system, cultivating, as it has been, good relations with some of the world's most odious regimes', according to Robert Kaplan, writing in The Atlantic. An editorial in the Wall Street Journal asserts that 'China won't be a responsible stakeholder' and acts as a 'free-rider'. Observing China's growing assertiveness in foreign policy and purported attempts to undermine the current liberal world order, Elizabeth Economy writes in Foreign Affairs that 'China is transforming the world as it transforms itself. Never mind notions of a responsible stakeholder; China has become a revolutionary power.'
- Topic:
- Economics
- Political Geography:
- China
547. International order after the financial crisis
- Author:
- Harold James
- Publication Date:
- 05-2011
- Content Type:
- Journal Article
- Institution:
- Chatham House
- Abstract:
- The geography of power is at present being dramatically transformed, notably by the rapid economic rise of China. What makes international order legitimate in a world in which political and economic foundations are rapidly shifting? This article examines analogies and lessons from a previous transition, from a world order centered on Britain, to a US dominated global order. The article looks at two interpretations of the transition, one by E. H. Carr, the other by Charles Kindleberger. China is beginning to behave in the way expected of a Kindleberger hegemon, but also sees the possibilities of asserting power in a world that in the aftermath of 2008 looks much more like the chaotic and crisis-ridden interwar period as interpreted by E. H. Carr. The challenge for the management of the new international order will lie in the ability of China to embrace the universalistic vision that underpinned previous eras of stability, in the nineteenth century and in the late twentieth century.
- Topic:
- Economics and Financial Crisis
- Political Geography:
- Britain, United States, and China
548. Editors' Note
- Author:
- Michael McKeon and Imani Tate
- Publication Date:
- 09-2011
- Content Type:
- Journal Article
- Journal:
- Georgetown Journal of International Affairs
- Institution:
- Georgetown Journal of International Affairs
- Abstract:
- Over the past decade the world has been rocked by earthquakes, hurricanes, and tornadoes on a seemingly endless pattern of destruction. From villagers in Haiti to businessmen in Japan, the Earth's population has watched as-within the blink of an eye-lives have ended, families have been torn apart, and whole communities have taken massive hits to their morale. Yet these tragic events broke the hearts of millions across the globe, another phenomenon has revealed itself among the rubble. Out of hope for a more promising future, possibilities for recovery arose from even the most drastic circumstances. Now, more than ever, the resilience exhibited by those who have been weakened by disaster has allowed them to bounce back and prove their true strength to themselves and to the world. Resilience examines resilience from a diverse set of political, economic, and social perspectives. We invite you to enjoy this theme as well as the cutting-edge international affairs analysis included in the other sections of the Journal.
- Topic:
- Economics
- Political Geography:
- Japan
549. An Unfinished Revolution
- Author:
- Shadi Hamid
- Publication Date:
- 09-2011
- Content Type:
- Journal Article
- Journal:
- Georgetown Journal of International Affairs
- Institution:
- Georgetown Journal of International Affairs
- Abstract:
- On 25 January 2011, the first day of Egypt's uprising, U.S. Secretary of State Hillary Clinton affirmed: "our assessment is that the Egyptian government is stable." Eighteen days later, Egypt had a revolution, which concluded when the Egyptian military forced President Hosni Mubarak to step down from his position. After this remarkable turn of events, the Egyptian regime was simultaneously thought to be both more ruthless and more unified. After several years of impressive economic growth, the regime had the support of a powerful emerging business elite. It also had the United States as its primary benefactor. None of that was enough.
- Topic:
- Economics and Government
- Political Geography:
- United States and Egypt
550. Glaciers, Monsoons, Rivers, and Conflict: China and South Asia
- Author:
- Paul Sullivan
- Publication Date:
- 02-2011
- Content Type:
- Journal Article
- Journal:
- Georgetown Journal of International Affairs
- Institution:
- Georgetown Journal of International Affairs
- Abstract:
- With increasing country demands but a changing supply of water due to climate change, tensions may increase over international water sources in South Asia and China. The article investigates these trends and discusses the existing and potential treaties and impacts of different scenarios on the region's politics and economics.
- Topic:
- Climate Change, Economics, and Politics
- Political Geography:
- China and South Asia
551. Maps, Power and the Destruction of the Mau Forest in Kenya
- Author:
- Jacqueline Klopp and Job Kikosgui Sang
- Publication Date:
- 02-2011
- Content Type:
- Journal Article
- Journal:
- Georgetown Journal of International Affairs
- Institution:
- Georgetown Journal of International Affairs
- Abstract:
- Deforestation is a complex issue linked not only to economic and social dynamics at both global and local levels but also to questions of power and politics. Nowhere is this more evident than in the ongoing struggle over the Mau Forest in Kenya. This article explores the history of political struggles surrounding the Mau forest and the role that mapping has played in determining the political and ecological landscape of the region.
- Topic:
- Economics
- Political Geography:
- Kenya
552. Corruption and the Rule of Law in Sub-Saharan Africa
- Author:
- Stuart S. Yeh
- Publication Date:
- 01-2011
- Content Type:
- Journal Article
- Journal:
- African Journal of Legal Studies
- Institution:
- The Africa Law Institute
- Abstract:
- The World Bank and IMF attribute underdevelopment in sub-Saharan Africa to the practice of directing economic activity through centralized planning. They prescribe privatization and economic liberalization to restructure African economies, promote competition, reduce the scope for corruption, and promote good governance. However, inadequate checks on political power permit African elites to subvert these reforms. This article reviews the political economy of sub-Saharan countries as well as a case study of Sierra Leone to illustrate the problem. The analysis suggests the need for an international agency such as the UN to provide the capacity to investigate, expose and check corruption by employing UN inspectors who are immune to pressure from powerful African elites. This type of check on corruption is necessary to promote the rule of law in sub-Saharan Africa.
- Topic:
- Economics, United Nations, and Law
- Political Geography:
- Africa
553. Sovereign Wealth Funds in Nondemocratic Countries: Financing Entrenchment or Change?
- Author:
- Sven Behrendt
- Publication Date:
- 09-2011
- Content Type:
- Journal Article
- Journal:
- Journal of International Affairs
- Institution:
- School of International and Public Affairs, Columbia University
- Abstract:
- The rising prominence of sovereign wealth funds—investment funds that are owned or controlled by national governments—has stirred debate about their potential use as tools to pursue global political interests rather than economic or financial ends. Recent sanctions levied on the Libyan Investment Authority, formerly operated by the government of Muammar al-Qaddafi, underscore this question. This article argues that the governance, accountability and transparency arrangements of sovereign wealth funds reflect the quality of political institutions within the countries that own them. In contrast to funds based in democratic states, those managed by authoritarian governments are distinguished by a lack of public oversight and are instead tightly controlled by the prevailing political leadership. The link between political leadership and fund management in many authoritarian countries allows governments more flexibility in using financial assets to pursue immediate political agendas.
- Topic:
- Economics and Government
- Political Geography:
- Libya
554. Myanmar's Fifty-Year Authoritarian Trap
- Author:
- Sean Turnell
- Publication Date:
- 09-2011
- Content Type:
- Journal Article
- Journal:
- Journal of International Affairs
- Institution:
- School of International and Public Affairs, Columbia University
- Abstract:
- Myanmar has been under military rule in various guises for nearly fifty years. The most durable and unyielding of the authoritarian regimes in Southeast Asia, Myanmar's military rulers have expertly exploited circumstances and methods that prolong their rule, even as they have failed to deliver genuine economic growth and development. Their methods include ruthlessly suppressing dissent, inciting ethnic divisions and fears of external threats and making implicit bargains with neighboring states and domestic elites over the spoils available to a rentier state. Myanmar's emergence in recent years as a significant regional supplier of natural gas has dramatically increased the country's distributable economic rents, thus exacerbating the country's political stasis. This article examines the ways in which Myanmar's military regime has maintained its rule through the exploitation of these methods, but with a particular focus on the impacts of the country's exploitable energy and resource wealth and its implications for Myanmar's economic development and political transition.
- Topic:
- Development and Economics
- Political Geography:
- Southeast Asia and Myanmar
555. North Korea's State-Loyalty Advantage
- Author:
- B. R. Myers
- Publication Date:
- 09-2011
- Content Type:
- Journal Article
- Journal:
- Journal of International Affairs
- Institution:
- School of International and Public Affairs, Columbia University
- Abstract:
- Although North Korea's northern border remains easy to cross, and North Koreans are now well aware of the prosperity enjoyed south of the demilitarized zone, Kim Jong Il continues to rule over a stable and supportive population. Kim enjoys mass support due to his perceived success in strengthening the race and humiliating its enemies. Thanks in part to decades of skillful propaganda, North Koreans generally equate the race with their state, so that ethno-nationalism and state-loyalty are mutually enforcing. In this respect North Korea enjoys an important advantage over its rival, for in the Republic of Korea ethno-nationalism militates against support for a state that is perceived as having betrayed the race. South Koreans' “good race, bad state” attitude is reflected in widespread sympathy for the people of the North and in ambivalent feelings toward the United States and Japan, which are regarded as friends of the republic but enemies of the race. But North Korea cannot survive forever on the public perception of state legitimacy alone. The more it loses its economic distinctiveness vis-à-vis the rival state, the more the Kim regime must compensate with triumphs on the military and nuclear fronts. Another act of aggression against the Republic of Korea may well take place in the months ahead, not only to divert North Korean public attention from the failures of the consumer-oriented “Strong and Prosperous Country” campaign, but also to strengthen the appeasement-minded South Korean opposition in the run-up to the presidential election in 2012.
- Topic:
- Economics
- Political Geography:
- United States, Japan, and North Korea
556. Survival, Adaptation and Uncertainty: The Case of Cuba
- Author:
- Eusebio Mujal-León
- Publication Date:
- 09-2011
- Content Type:
- Journal Article
- Journal:
- Journal of International Affairs
- Institution:
- School of International and Public Affairs, Columbia University
- Abstract:
- The Cuban Revolution recently experienced a major transition of leadership as power shifted hands from Fidel Castro to his younger brother, Raúl. Eschewing the role of caretaker, Raúl embarked on an ambitious program aiming to streamline a cumbersome and inefficient state while reforming the economy in ways that will increase agricultural production, encourage self-employment and lead to sustainable economic growth. At the same time, Raúl Castro refashioned the ruling coalition and proposed major changes to the ruling Communist Party, including term limits, leadership rotation and the separation of party and state functions. This article analyzes the emergence of a new Cuban political elite, explores how power is distributed between its military and party wings and examines the major challenges this coalition must overcome if it is to successfully manage the transition from the Castro era and stabilize Cuban autocracy.
- Topic:
- Economics
- Political Geography:
- Cuba
557. West is Best?
- Author:
- Timur Kuran
- Publication Date:
- 01-2011
- Content Type:
- Journal Article
- Journal:
- Foreign Affairs
- Institution:
- Council on Foreign Relations
- Abstract:
- A new book by Ian Morris tracks the development of the East and the West over the millennia. But methodological problems lead him to miss the crucial differences between modern and premodern life -- and understate what is really keeping the West ahead.
- Topic:
- Development, Economics, and History
- Political Geography:
- China, Europe, and Middle East
558. The Unraveling of the Salih Regime in Yemen
- Author:
- Christopher Boucek and Mara Revkin
- Publication Date:
- 03-2011
- Content Type:
- Journal Article
- Journal:
- CTC Sentinel
- Institution:
- The Combating Terrorism Center at West Point
- Abstract:
- The wave of popular uprisings sweeping across the Arab world has caught the region's most entrenched authoritarian regimes off guard. Yet unlike Tunisia, Egypt, and other custodians of an undemocratic status quo, Yemen is no stranger to instability. Long before protesters took to the streets of Sana`a on January 20, 2011 to demand political reforms, the 32-year-old regime of President Ali Abdullah Salih was already struggling to contain a daunting array of security, economic, and governance challenges.
- Topic:
- Security and Economics
- Political Geography:
- Yemen, Arabia, Egypt, and Tunisia
559. Latin America's Middle Income Trap
- Author:
- Eva Paus
- Publication Date:
- 01-2011
- Content Type:
- Journal Article
- Journal:
- Americas Quarterly
- Institution:
- Council of the Americas
- Abstract:
- Economic success has left many countries unable to compete with either low-wage exporters or high-tech producers.
- Topic:
- Economics
- Political Geography:
- Middle East and Latin America
560. A construção da sociedade do trabalho no Brasil: uma investigação sobre a persistência secular das desigualdades
- Author:
- Paulo Sotero
- Publication Date:
- 01-2011
- Content Type:
- Journal Article
- Journal:
- Americas Quarterly
- Institution:
- Council of the Americas
- Abstract:
- No abstract is available.
- Topic:
- Economics
- Political Geography:
- United States and Brazil
561. Toward a Free Market in Education: School Vouchers or Tax Credits?
- Author:
- Michael A. LaFerrara
- Publication Date:
- 03-2011
- Content Type:
- Journal Article
- Journal:
- The Objective Standard
- Institution:
- The Objective Standard
- Abstract:
- More and more Americans are coming to recognize the superiority of private schools over government-run or “public” schools. Accordingly, many Americans are looking for ways to transform our government-laden education system into a thriving free market. As the laws of economics dictate, and as the better economists have demonstrated, under a free market the quality of education would soar, the range of options would expand, competition would abound, and prices would plummet. The question is: How do we get there from here? Andrew Bernstein offered one possibility in “The Educational Bonanza in Privatizing Government Schools” (TOS, Winter 2010-11): Sell government schools to the highest bidders, who would take them over following a transitional period to “enable government-dependent families to adjust to the free market.” This approach has the virtues of simplicity and speed, but also the complication of requiring widespread recognition of the propriety of a fully private educational system—a recognition that may not exist in America for quite some time.
- Topic:
- Economics, Education, and Government
- Political Geography:
- America
562. An Interview with Atlas Shrugged Movie Producer Harmon Kaslow
- Author:
- Craig Biddle
- Publication Date:
- 03-2011
- Content Type:
- Journal Article
- Journal:
- The Objective Standard
- Institution:
- The Objective Standard
- Abstract:
- Craig Biddle: Thank you for joining me today, Harmon. I'm very excited about the Atlas Shrugged movie, and I know that TOS readers want to hear all about it. Harmon Kaslow: It's my pleasure. CB: How and when did you get involved in making this movie? HK: I got involved in April 2010 after being contacted by John Aglialoro, my coproducer. At that point, a movie had to be made quickly or John would lose the rights to it. So he contacted me to see if I might be able to help him put together a lower-budget version in short order. CB: As coproducers, what have been John's and your respective roles in the movie? HK: John's role was to keep the movie faithful to the book. Mine was to get the movie into production before June 15. John has probably read Atlas more than a dozen times, and during the process of writing the screenplay and getting the film into production, he was constantly rereading chapters, mulling over the elements of the story, and working to ensure that the production remained true to Rand's ideas. My job was to work with John to make the movie happen, to get all the pieces together so that we could say “action” and make certain the film was completed. CB: Atlas Shrugged is a 54-year-old story. Why do you think it matters today? HK: For starters, many events from the story parallel real-life events today. For instance, whereas in the story the government passes business-thwarting laws such as the “Anti-Dog-Eat-Dog Rule” and the “Equalization of Opportunity Bill,” in real life today the government is passing laws such as the “Emergency Economic Stabilization Act” and the “Patient Protection and Affordable Care Act.” But more fundamentally, the story matters because it dramatizes timeless philosophic truths about human nature, the role of reason in human life, the morality of rational self-interest versus predation or “greed,” the role of the government and of the citizen, and man's need of political and economic freedom. These truths will always matter. . . .
- Topic:
- Economics and Government
563. Economics in Atlas Shrugged
- Author:
- Richard M Salsman
- Publication Date:
- 03-2011
- Content Type:
- Journal Article
- Journal:
- The Objective Standard
- Institution:
- The Objective Standard
- Abstract:
- Economics is widely regarded today as dry, lifeless, boring. But given what economics properly studies, this should not be the case. Economics studies the production and exchange of material values in a division of labor society. We live in a material world; we produce material values in order to live and prosper; and we exchange these values for those produced by others in order to live even better lives. In other words, economics studies one of the major means by which people live and achieve happiness. Why, then, do so many people regard this science as boring? And what could remedy the situation? The answers may be gleaned by comparing two books, each of which has sold millions of copies over the past five decades: Ayn Rand's Atlas Shrugged (1957) and Paul Samuelson's Economics (1948). The first is a story about the role of reason in man's life and about what happens to an economy when the men of the mind go on strike. The second is the quintessential economics text of the 20th and 21st centuries, and is generally assigned reading for beginning students in the field.1 Although Atlas is a work of fiction, and although Rand was not an economist, her novel is replete with economic truths. Conversely, although Economics is a work of nonfiction, and although Samuelson was a Nobel-winning economist, his book is full of economic falsehoods. And whereas the truths in Atlas are dramatized with passion and excitement, the falsehoods in Economics are conveyed by way of lifeless, boring prose.2 Lest one assume that the reason Atlas is more exciting than Economics is merely a matter of the different mediums, one being fiction and the other nonfiction, observe that Rand's nonfiction—and much other nonfiction—is hands-down more exciting than many works of fiction (ever read The Catcher in the Rye?). Nor is people's boredom with economics due to Samuelson's book per se. But his text and those influenced by it, which represent the modern approach to the subject, have largely contributed to the way economics is taught and viewed today. To see the difference between the modern approach to economics and that dramatized in Atlas, let us consider the essence of each with respect to six key areas: the source of wealth, the role of the businessman, the nature of profit, the essence of competition, the result of production, and the purpose of money. The Source of Wealth Samuelson and company contend that wealth results essentially from labor applied to raw materials (or “natural resources”)—and by “labor” they mean physical or manual labor, not mental labor. The general idea is that the economic value of a good or service reflects the physical labor that went into making it. This is known as the “labor theory of value,” and it was originally advanced by classical economists including Adam Smith, David Ricardo, and Karl Marx.3 This theory is widely accepted today, especially by the Left. In the late 19th century, however, some free-market economists, trying to counter the growing Marxist charge that labor was being robbed by greedy capitalists, amended the theory to say that “consumer desires” also determine value, jointly with labor. This approach—dubbed “neoclassical economics”—is now largely accepted and is the prevalent view in today's textbooks. Ayn Rand, in contrast, holds that the mind—human thinking and the resulting intelligence—is the primary source of wealth. The mind, she says, directs not only physical labor but also the organization of production; “natural resources” are merely potential wealth, not actual wealth; and consumer desires are not causes of wealth but results of it. Each great producer in Atlas—Hank Rearden, Dagny Taggart, Francisco D'Anconia, Ellis Wyatt, Ken Danagger, Midas Mulligan, or John Galt—is dedicated first and foremost to using his mind. Each thinks, plans long-range, and produces goods or services thereby. Atlas dramatizes this principle in many ways, but perhaps most vividly through the work of Rearden. In one scene he is in his steel mill looking on as the first heat of the first order of his revolutionary new metal is poured. He reflects back on the ten long years of thought and effort it took him to get to this point. He had purchased a bankrupt mill even as experts dismissed the venture and industry as hopeless. Rearden has breathed life back into both. Rand writes that “his was a lifetime lived on the axiom that the constant, clearest most ruthless function of his rational faculty was his foremost duty” (p. 122). Here is an indication of the production process in his mill: “Two hundred tons of metal which was to be harder than steel, running liquid at a temperature of four thousand degrees, had the power to annihilate every wall of the structure and every one of the men who worked by the stream. But every inch of its course, every pound of its pressure and the content of every molecule within it, were controlled and made by a conscious intention that had worked upon it for ten years” (p. 34). Rand shows that Rearden's mind is the source of this wealth, and that labor and materials had stood idle until his mind showed up for work. Others in Atlas voice the textbook view of the entrepreneur. Rearden's wife dismisses his achievements: “Intellectual pursuits are not learned in the marketplace,” she scowls; “it's easier to pour a ton of steel than it is to make friends” (p. 138). A hobo in a diner accosts Dagny Taggart with a similar attitude: “Man is just a low-grade animal, without intellect,” he growls; “[his] only talent is an ignoble cunning for satisfying the needs of his body. No intelligence is required for that. . . . [W]itness our great industries—the only accomplishments of our alleged civilization—built by vulgar materialists with the aims, the interests and the moral sense of hogs” (p. 168). Perhaps an economist might recognize the nature of Rearden's achievement? As the metal is poured a train passes by the mills, and inside, a professor of economics asks a companion, “Of what importance is an individual in the titanic collective achievements of our industrial age?” (p. 33). The “importance” is happening just outside his window, but he doesn't see it, conceptually speaking. Nor do others. “The passengers paid no attention; one more heat of steel being poured was not an event they had been taught to notice” (p. 33). Professors such as this one had taught them not to notice. Such scenes illustrate how intelligence creates wealth, how business success entails a long-range process of thought and planning carried out by a focused individual—and how little this is understood. Yet Dagny understands—as is evident in the scene where she takes her first run on the John Galt Line, traveling on a track and over a bridge made of that as-yet untried Rearden Metal, at unprecedented speeds. . . .
- Topic:
- Economics
564. From the Editor
- Author:
- Craig Biddle
- Publication Date:
- 03-2011
- Content Type:
- Journal Article
- Journal:
- The Objective Standard
- Institution:
- The Objective Standard
- Abstract:
- It's here. Ayn Rand's Atlas Shrugged finally has come to the silver screen, and in this special, Atlas-themed issue of TOS—which begins our sixth year of publication—we have details on the movie and a whole lot more. As you may have noticed, we have lost our tombstone-like academic look and gained a full-color graphic cover to match the verve you have come to expect from the journal. The artwork on the present cover depicts a scene in the movie from the first run of the John Galt Line. A few weeks ago, I had the pleasure of sitting down with Harmon Kaslow, coproducer (with John Aglialoro) of Atlas Shrugged: Part I, to discuss the film, how it came together, choice of screenwriter and director, casting, score, and distribution. Dovetailing with this interview are Chris Wolski's concise history of the efforts to adapt Atlas for the screen and his review of the film (he attended a prescreening in February).
- Topic:
- Economics and History
565. Organized Crime in Iraq: Strategic Surprise and Lessons for Future Contingencies
- Author:
- Phil Williams
- Publication Date:
- 03-2010
- Content Type:
- Journal Article
- Journal:
- PRISM
- Institution:
- Institute for National Strategic Studies (INSS), National Defense University
- Abstract:
- After the invasion of Iraq in March 2003, the United States encountered a series of strategic surprises, including the hostility to the occupation, the fragility of Iraq's infrastructure, and the fractious nature of Iraqi politics. One of the least spectacular but most significant of these surprises was the rise of organized crime and its emergence as a postconflict spoiler. This development was simply not anticipated. Organized crime in Iraq in the months and years after March 2003 emerged as a major destabilizing influence, increasing the sense of lawlessness and public insecurity, undermining the efforts to regenerate the economy, and financing the violent opposition to the occupation forces. In 2003, the theft of copper from downed electric pylons made the restoration of power to the national grid much more difficult. In 2008, the capacity to generate funds through criminal activities enabled al Qaeda in Iraq (AQI) to continue resisting both the U.S. military and the Iraqi government. Moreover, with the planned U.S. withdrawal from Iraq, organized crime in the country will continue to flourish by maintaining well established crime-corruption networks. It might also expand by exploiting the continued weakness of the Iraqi state.
- Topic:
- Economics, Government, and Politics
- Political Geography:
- United States and Iraq
566. Forging a U.S. Policy Toward Fragile States
- Author:
- Pauline Baker
- Publication Date:
- 03-2010
- Content Type:
- Journal Article
- Journal:
- PRISM
- Institution:
- Institute for National Strategic Studies (INSS), National Defense University
- Abstract:
- Of the many foreign policy challenges of the 21st century, one of the most complex and unpredictable is the problem of fragile and failing states, which often leads to civil war, mass atrocities, economic decline, and destabilization of other countries. The political era stemming from such challenges not only threatens civilians who are in harm's way, but also endangers international peace. Since the 1990s, such crises have become more prominent on the agendas of the major powers, intergovernmental institutions, humanitarian organizations, and vulnerable states themselves. Indeed, while the number of violent conflicts, particularly interstate wars, declined after the end of the Cold War, the duration and lethality of internal conflicts are rising. Casualty figures are considerably higher when “war deaths” beyond the battlefield and deaths resulting from infrastructure destruction are included. While Iraq and Afghanistan have dominated the public discourse on fragile states, the problem is not confined to these countries or their neighbors. Indeed, it is likely that global trends in civil conflicts will present more, not fewer, challenges to international peace and security, particularly in states where there is a history of instability, demographic pressures, rich mineral resources, questionable political legitimacy, a youth bulge, economic inequality, factionalized elites, and deep-seated group grievances.
- Topic:
- Security, Cold War, and Economics
- Political Geography:
- United States
567. Post 9/11 Stability Operations: How U.S. Army Doctrine is Shaping National Security Strategy
- Author:
- Corri Zoli and Nicholas J. Armstrong
- Publication Date:
- 12-2010
- Content Type:
- Journal Article
- Journal:
- PRISM
- Institution:
- Institute for National Strategic Studies (INSS), National Defense University
- Abstract:
- It was only a matter of time before the elevated language of post-9/11 security discourse, and the phrase the global war on terrorism itself, was bound to reap both practical applications and studied reversals. Without the lessons of Iraq and Afghanistan and each country's challenging reconstruction projects, one might expect idealist solutions to this historical juncture. Only 8 short years ago, the 2002 National Security Strategy of the United States (NSS 2002) offered just that, the virtues of pressing for freedom and democracy against a new breed of post-Cold War threats. In now memorable language, the policy document linked "the great struggles" of the 20th century "between liberty and totalitarianism" to a "single sustainable model for national success: freedom, democracy, and free enterprise." Displaying the "black and white" worldview of unchallenged power, NSS 2002 grouped 21st-century nations together that "share a commitment to protecting basic human rights and guaranteeing political and economic freedom," arguing that these values would "assure their future prosperity." Such values, it noted, are "right and true for every person" in "every society," and, in turn, "the duty of protecting" them "against their enemies" is the "common calling of freedom-loving people across the globe and across the ages"-a role spearheaded by the United States insofar as it enjoyed "unparalleled military strength and great economic and political influence."
- Topic:
- Economics
- Political Geography:
- Afghanistan and Iraq
568. Unions, Economic Freedom, and Growth
- Author:
- Randall G. Holcombe and James D. Gwartney
- Publication Date:
- 02-2010
- Content Type:
- Journal Article
- Journal:
- The Cato Journal
- Institution:
- The Cato Institute
- Abstract:
- The freedom to enter into contracts and to direct the use of economic resources one owns are essential to the operation of a market economy. Allowing employees to form unions to bargain collectively over wages and employment conditions is consistent with economic freedom, and any government intervention preventing unionization would be a violation of economic freedom. Nevertheless, American labor law, especially since the 1930s, has altered the terms and conditions under which unions collectively bargain to heavily favor unions over the firms that hire union labor. Labor law has given unions the power to dictate to employees collective bargaining conditions, and has deprived employees of the right to bargain for themselves regarding their conditions of employment. While unions and economic freedom are conceptually compatible, labor law in the United States, and throughout the world, has restricted the freedom of contract between employees and employers.
- Topic:
- Economics
- Political Geography:
- United States and America
569. Posturing for Peace? Pakistan's Nuclear Postures and South Asian Stability
- Author:
- Vipin Narang
- Publication Date:
- 01-2010
- Content Type:
- Journal Article
- Journal:
- International Security
- Institution:
- Belfer Center for Science and International Affairs, Harvard University
- Abstract:
- On November 26, 2008, terrorists from Lashkar-e-Taiba—a group historically supported by the Pakistani state—launched a daring sea assault from Karachi, Pakistan, and laid siege to India's economic hub, Mumbai, crippling the city for three days and taking at least 163 lives. The world sat on edge as yet another crisis between South Asia's two nuclear-armed states erupted with the looming risk of armed conºict. But India's response was restrained; it did not mobilize its military forces to retaliate against either Pakistan or Lashkar camps operating there. A former Indian chief of Army Staff, Gen. Shankar Roychowdhury, bluntly stated that Pakistan's threat of nuclear use deterred India from seriously considering conventional military strikes. 1 Yet, India's nuclear weapons capability failed to deter subconventional attacks in Mumbai and Delhi, as well as Pakistan's conventional aggression in the 1999 Kargil War. Why are these two neighbors able to achieve such different levels of deterrence with their nuclear weapons capabilities? Do differences in how these states operationalize their nuclear capabilities—their nuclear postures—have differential effects on dispute dynamics?
- Topic:
- Economics
- Political Geography:
- Pakistan, United States, South Asia, India, and Mumbai
570. New Treaty, New Influence? Europe's Chance to Punch Its Weight
- Author:
- Stuart E. Eizenstat and Anthony Luzzatto Gardner
- Publication Date:
- 03-2010
- Content Type:
- Journal Article
- Journal:
- Foreign Affairs
- Institution:
- Council on Foreign Relations
- Abstract:
- On December 1, 2009, after nearly a decade of acrimonious debate, the Treaty of Lisbon entered into force across the 27 member states of the European Union. The treaty reforms EU institutions, making the organization more accountable to voters and enhancing its ability to address European and global challenges. Over the long term, the treaty may make the EU a more coherent international actor, thereby significantly affecting non-EU countries, including the United States. The Lisbon Treaty is the latest in a long line of EU reform efforts. It is the fifth amendment to the 1957 Treaty of Rome, which established the European Economic Community, the EU's predecessor. Following the Single European Act of 1986 -- which laid the foundations for Europe's single market, assuring for the first time the free flow of goods, capital, people, and services among the member states -- the EU reformed its institutions and decision-making process through the Maastricht Treaty of 1992, the Amsterdam Treaty of 1997, and the Nice Treaty of 2001. But with the cumulative effect of these amendments widely acknowledged to have complicated decision-making -- and with the organization planning to enlarge from 15 to 25 member states in 2004 -- EU leaders sought to replace the confusing patchwork of EU treaties with a single, overarching constitution. The resulting document, drafted by a constitutional convention in 2002-3, was signed by all EU heads of government in 2004 but was rejected the following year by French and Dutch voters, who feared that a European constitution would limit their countries' national voting rights, sovereignty, and access to EU funds. In 2007, after a two-year "period of reflection," the EU heads of state agreed in Lisbon on a draft treaty that was nearly identical in substance to the constitution but -- in deference to public opinion in some member states -- dropped references to the trappings of statehood (such as an EU flag and an EU anthem) and sought to amend, rather than replace, earlier EU treaties. By November 2009, every EU member state had ratified the treaty.
- Topic:
- Economics
- Political Geography:
- Europe
571. Enemies Into Friends: How the United States Can Court Its Adversaries
- Author:
- Charles A. Kupchan
- Publication Date:
- 03-2010
- Content Type:
- Journal Article
- Journal:
- Foreign Affairs
- Institution:
- Council on Foreign Relations
- Abstract:
- In his inaugural address, U.S. President Barack Obama informed those regimes "on the wrong side of history" that the United States "will extend a hand if you are willing to unclench your fist." He soon backed up his words with deeds, making engagement with U.S. adversaries one of the new administration's priorities. During his first year in office, Obama pursued direct negotiations with Iran and North Korea over their nuclear programs. He sought to "reset" relations with Russia by searching for common ground on arms control, missile defense, and Afghanistan. He began scaling back economic sanctions against Cuba. And he put out diplomatic feelers to Myanmar (also called Burma) and Syria. Over a year into Obama's presidency, the jury is still out on whether this strategy of engagement is bearing fruit. Policymakers and scholars are divided over the merits and the risks of Obama's outreach to adversaries and over how best to increase the likelihood that his overtures will be reciprocated. Debate continues on whether rapprochement results from mutual concessions that tame rivalries or rather from the iron fist that forces adversaries into submission. Equally controversial is whether the United States should pursue reconciliation with hardened autocracies or instead make engagement contingent on democratization. And disagreement persists over whether diplomacy or economic engagement represents the most effective pathway to peace. Many of Obama's critics have already made up their minds on the merits of his outreach to adversaries, concluding not only that the president has little to show for his efforts but also that his pliant diplomacy demeans the United States and weakens its hand. Following Obama's September 2009 speech to the United Nations General Assembly, in which he called for "a new era of engagement based on mutual interest and mutual respect" and "new coalitions that bridge old divides," the conservative commentator Michelle Malkin charged that the president had "solidified his place in the international view as the great appeaser and the groveler in chief."
- Topic:
- Economics
- Political Geography:
- Afghanistan, United States, Europe, and North Korea
572. Capitalism Unbound: The Incontestable Moral Case for Individual Rights
- Author:
- Ari Armstrong
- Publication Date:
- 04-2010
- Content Type:
- Journal Article
- Journal:
- The Objective Standard
- Institution:
- The Objective Standard
- Abstract:
- With Congress debating far-reaching bills to expand federal control of health care, politicians and pundits blaming the economic downturn on allegedly free markets, President Obama fulfilling his promise to "spread the wealth around," and dozens of czars overseeing wide swaths of American life, it seems that capitalism is in retreat. A rousing defense of capitalism, therefore, could not have come at a better time, and that is what Andrew Bernstein provides in his new book, Capitalism Unbound. Bernstein ably defends the achievements of the Industrial Revolution, presents the moral foundation for capitalism, skewers socialism, and indicates in some respects how several disasters-including the recent housing bust-were caused by government meddling in the economy. Capitalism Unbound is an updated and highly condensed version of Bernstein's 2005 book, The Capitalist Manifesto: The Historic, Economic and Philosophic Case for Laissez-Faire. With the new book, Bernstein promises "the essential points-presented in a simple, easy to read format" (p. ix). He begins his sixteen-page Prologue, "The Primordial Struggle for Individual Liberty," by mentioning that capitalism rests on the "moral code . . . of an individual's inalienable right to his own life" (p. 1). After recounting the American Revolution as a key example of the furthering of individual rights, Bernstein applies the principle of rights to issues such as contracts, property, and employment. He then defines some key terms, including capitalism ("the system of individual rights, including property rights, in which all property is privately owned"), freedom (protection "against the initiation of force by either private citizens or the government"), and statism ("the subordination of the individual to the state [and] the repudiation of inalienable individual rights") (pp. 10-11). The prologue concludes with a discussion of some of history's most horrifying instances of statism, including tribal dictatorships, Soviet communism, National Socialism, and Islamic theocracy. The rest of the book is divided into three parts, about the historical, moral, and economic superiority of capitalism, respectively. In Part One, "The Historic Superiority of Capitalism," Bernstein first summarizes the impoverished conditions of preindustrial Europe. He then explains how, inspired by Enlightenment thinkers, innovators of 18th-century England and 19th-century America achieved profound advances in technology and economic production, created goods and services that radically improved the living conditions of the common person, and often amassed fortunes in the process. These productive giants include steam engineer James Watt, steel titan Andrew Carnegie, and oil pioneer John D. Rockefeller, who by the height of his dominance had driven oil prices from fifty-eight cents to eight cents per gallon (p. 52). Bernstein reviews many of the economic advances of the Industrial Revolution, such as the enormous expansion of cotton cloth-spun English cotton increased twenty-four-fold between 1765 and 1784 alone-enabling "hundreds of millions of people worldwide . . . to dress . . . comfortably, cleanly, and hygienically" (pp. 34-35, emphasis removed). . . .
- Topic:
- Economics
- Political Geography:
- America and Europe
573. The Brussels Wall
- Author:
- William Drozdiak
- Publication Date:
- 05-2010
- Content Type:
- Journal Article
- Journal:
- Foreign Affairs
- Institution:
- Council on Foreign Relations
- Abstract:
- These days, there is a great deal of talk about the dawn of an Asian century -- hastened by the rise of China and India. Meanwhile, the fractious Atlantic alliance, enfeebled by two wars and an economic crisis, is said to be fading away. But the West is not doomed to decline as a center of power and influence. A relatively simple strategic fix could reinvigorate the historic bonds between Europe and North America and reestablish the West's dominance: it is time to bring together the West's principal institutions, the European Union and the North Atlantic Treaty Organization. When NATO's 28 leaders gather in Portugal later this year to draw up a new security strategy for the twenty-first century, they will consider a range of options, including military partnerships with distant allies such as Australia, Japan, and South Korea. Yet the most practical solution lies just down the road from the alliance's sprawling headquarters near the Brussels airport. Genuine cooperation between NATO and the 27-nation European Union would allow Western governments to meld hard power with soft, making both organizations better equipped to confront modern threats, such as climate change, failed states, and humanitarian disasters. A revitalized Atlantic alliance is by far the most effective way for the United States and Europe to shore up their global influence in the face of emerging Asian powers. NOT-SO-FRIENDLY NEIGHBORS Anybody who spends time in Brussels comes away mystified by the lack of dialogue between the West's two most important multinational organizations, even though they have been based in the same city for decades. Only a few years ago, it was considered a minor miracle when the EU's foreign policy czar and NATO's secretary-general decided that they should have breakfast together once a month. An EU planning cell is now ensconced at NATO military headquarters, but there is scarcely any other communication between the two institutions. With Europe and the United States facing common threats from North Africa to the Hindu Kush, it is imperative for Western nations to take advantage of these two organizations' resources in the fields of law enforcement, counterterrorism, intelligence gathering, drug interdiction, and even agricultural policy.
- Topic:
- NATO, Economics, and Government
- Political Geography:
- China, Europe, Asia, North America, and Brussels
574. The Geography of Chinese Power
- Author:
- Robert D. Kaplan
- Publication Date:
- 05-2010
- Content Type:
- Journal Article
- Journal:
- Foreign Affairs
- Institution:
- Council on Foreign Relations
- Abstract:
- The English geographer Sir Halford Mackinder ended his famous 1904 article, "The Geographical Pivot of History," with a disturbing reference to China. After explaining why Eurasia was the geostrategic fulcrum of world power, he posited that the Chinese, should they expand their power well beyond their borders, "might constitute the yellow peril to the world's freedom just because they would add an oceanic frontage to the resources of the great continent, an advantage as yet denied to the Russian tenant of the pivot region." Leaving aside the sentiment's racism, which was common for the era, as well as the hysterics sparked by the rise of a non-Western power at any time, Mackinder had a point: whereas Russia, that other Eurasian giant, basically was, and is still, a land power with an oceanic front blocked by ice, China, owing to a 9,000-mile temperate coastline with many good natural harbors, is both a land power and a sea power. (Mackinder actually feared that China might one day conquer Russia.) China's virtual reach extends from Central Asia, with all its mineral and hydrocarbon wealth, to the main shipping lanes of the Pacific Ocean. Later, in Democratic Ideals and Reality, Mackinder predicted that along with the United States and the United Kingdom, China would eventually guide the world by "building for a quarter of humanity a new civilization, neither quite Eastern nor quite Western."
- Topic:
- Development and Economics
- Political Geography:
- Russia, China, and Eurasia
575. Bigger Is Better
- Author:
- Richard Rosecrance
- Publication Date:
- 05-2010
- Content Type:
- Journal Article
- Journal:
- Foreign Affairs
- Institution:
- Council on Foreign Relations
- Abstract:
- Throughout history, states have generally sought to get larger, usually through the use of force. In the 1970s and 1980s, however, countervailing trends briefly held sway. Smaller countries, such as Japan, West Germany, and the "Asian tigers," attained international prominence as they grew faster than giants such as the United States and the Soviet Union. These smaller countries -- what I have called "trading states" -- did not have expansionist territorial ambitions and did not try to project military power abroad. While the United States was tangled up in Vietnam and the Soviet Union in Afghanistan, trading states concentrated on gaining economic access to foreign territories, rather than political control. And they were quite successful. But eventually the trading-state model ran into unexpected problems. Japanese growth stalled during the 1990s as U.S. growth and productivity surged. Many trading states were rocked by the Asian financial crisis of 1997-98, during which international investors took their money and went home. Because Indonesia, Malaysia, Thailand, and other relatively small countries did not have enough foreign capital to withstand the shock, they had to go into receivership. As Alan Greenspan, then the U.S. Federal Reserve chair, put it in 1999, "East Asia had no spare tires." Governments there devalued their currencies and adopted high interest rates to survive, and they did not regain their former glory afterward. Russia, meanwhile, fell afoul of its creditors. And when Moscow could not pay back its loans, Russian government bonds went down the drain. Russia's problem was that although its territory was vast, its economy was small. China, India, and even Japan, on the other hand, had plenty of access to cash and so their economies remained steady. The U.S. market scarcely rippled.
- Topic:
- Economics
- Political Geography:
- United States, China, India, Asia, Vietnam, and Germany
576. Top of the Class
- Author:
- Richard C. Levin
- Publication Date:
- 05-2010
- Content Type:
- Journal Article
- Journal:
- Foreign Affairs
- Institution:
- Council on Foreign Relations
- Abstract:
- The rapid economic development of Asia since World War II -- starting with Japan, South Korea, and Taiwan, then extending to Hong Kong and Singapore, and finally taking hold powerfully in India and mainland China -- has forever altered the global balance of power. These countries recognize the importance of an educated work force to economic growth, and they understand that investing in research makes their economies more innovative and competitive. Beginning in the 1960s, Japan, South Korea, and Taiwan sought to provide their populations with greater access to postsecondary education, and they achieved impressive results. Today, China and India have an even more ambitious agenda. Both seek to expand their higher-education systems, and since the late 1990s, China has done so dramatically. They are also aspiring to create a limited number of world-class universities. In China, the nine universities that receive the most supplemental government funding recently self-identified as the C9 -- China's Ivy League. In India, the Ministry of Human Resource Development recently announced its intention to build 14 new comprehensive universities of "world-class" stature. Other Asian powers are eager not to be left behind: Singapore is planning a new public university of technology and design, in addition to a new American-style liberal arts college affiliated with the National University. Such initiatives suggest that governments in Asia understand that overhauling their higher-education systems is required to sustain economic growth in a postindustrial, knowledge-based global economy. They are making progress by investing in research, reforming traditional approaches to curricula and pedagogy, and beginning to attract outstanding faculty from abroad. Many challenges remain, but it is more likely than not that by midcentury the top Asian universities will stand among the best universities in the world.
- Topic:
- Development, Economics, and War
- Political Geography:
- Japan, China, Taiwan, and South Korea
577. Faulty Basel
- Author:
- Marc Levinson
- Publication Date:
- 05-2010
- Content Type:
- Journal Article
- Journal:
- Foreign Affairs
- Institution:
- Council on Foreign Relations
- Abstract:
- No abstract is available.
- Topic:
- Economics and Financial Crisis
- Political Geography:
- United States and Europe
578. Expeditionary Economics
- Author:
- Carl J. Schramm
- Publication Date:
- 05-2010
- Content Type:
- Journal Article
- Journal:
- Foreign Affairs
- Institution:
- Council on Foreign Relations
- Abstract:
- No abstract is available.
- Topic:
- Economics
- Political Geography:
- Afghanistan, United States, and Iraq
579. A Forgotten Promise: Ending the Isolation of Turkish Cypriots
- Author:
- Mensur Akgün and Sylvia Tiryaki
- Publication Date:
- 03-2010
- Content Type:
- Journal Article
- Journal:
- Insight Turkey
- Institution:
- SETA Foundation for Political, Economic and Social Research
- Abstract:
- Despite repeated calls and promises, Turkish Cypriots live in economic, political and humanitarian isolation. This paper tries to address one aspect of it and elaborates on the legal basis of these isolationist practices imposed on one side of the island. It challenges the international legal validity of the de facto sanctions. Furthermore, it claims that lifting economic isolation will also serve as a confidence building tool between Greek and Turkish Cypriots as well as between Turkey and the Republic of Cyprus represented by the Greek Cypriots since such an act will lead to Turkey's reciprocation and the normalization of relations with the Republic of Cyprus. It also argues that neither the UN, nor the EU has ever imposed any sanctions on Turkish Cypriots and the policy of isolation, as such, has only been practiced by the Greek Cypriots and the Greeks. This paper intends to clarify the distinction between sanctions and non-recognition. It also highlights the promises made by the EU to the Turkish Cypriots, in particular, the one made on April 26, 2004, when the Council of the EU proclaimed its commitment to end the isolation of the Turkish Cypriot community.
- Topic:
- Economics and United Nations
- Political Geography:
- Turkey, Greece, and Balochistan
580. What is Driving the European Debate about Turkey?
- Author:
- Elizabeth Shakman Hurd
- Publication Date:
- 03-2010
- Content Type:
- Journal Article
- Journal:
- Insight Turkey
- Institution:
- SETA Foundation for Political, Economic and Social Research
- Abstract:
- This article explores the cultural politics of European opposition to Turkish accession to the EU. It argues that the foundations of secularism-the powerful a prioris that structure the debate in Europe regarding religion and politics-make it difficult for Europeans to cope with what is often described as an "Islamic challenge" to Europe, both internally and externally. Turkish candidacy makes these stumbling blocks explicit, as Turkey has become the symbolic carrier of domestic European angst about religion, particularly Islam, and politics. Turkish candidacy highlights unfinished business in the social fabric of the core EU members, including what it means to be secular and how religion, including but not limited to Islam, relates to European identity. These sticking points are what the debate over Turkish membership is really about, and it is for this reason that it is culturally-in addition to economically and politically-so contentious.
- Topic:
- Economics, Islam, and Politics
- Political Geography:
- Europe and Turkey
581. Making Islam Democratic: Social Movements and the Post-Islamist Turn
- Author:
- Ş. İlgü Özler
- Publication Date:
- 03-2010
- Content Type:
- Journal Article
- Journal:
- Insight Turkey
- Institution:
- SETA Foundation for Political, Economic and Social Research
- Abstract:
- In this book, Asef Bayat explores Islam and democracy especially with regard to what he calls the “post-Islamist” movement in the Muslim world. Instead of asking whether Islam and democracy are compatible, he asks, “under what conditions can Muslims instigate democratization within their countries?” He challenges the Orientalist view on Islamic exceptionalism by not only contesting the validity of the question about the compatibility of democracy and Islam, but also through a very thorough investigation of the post-Islamist movement in Iran and the Islamist movement in Egypt. He defines post-Islamism as a “condition” and a “project” that emphasizes change through religiosity and rights that arises after Islamism runs its course as a legitimate source of hope for political and economic development (p. 10-11). Through his in depth case studies he demonstrates that the state has been successful in suppressing the post-Islamist social movements and their secular and reformist demands for political change in Iran. While the state has been equally successful at suppressing opposition (the political Islamist movement) in Egypt, the Egyptian state has not been able to quell society's turn to Islamism.
- Topic:
- Economics and Islam
- Political Geography:
- Iran and Egypt
582. Learning from Dependency and World System Theory : Explaining Europe's Failure in the 'Lisbon Process'
- Author:
- Almas Heshmati and Arno Tausch
- Publication Date:
- 11-2010
- Content Type:
- Journal Article
- Journal:
- Alternatives: Turkish Journal of International Relations
- Institution:
- Center for International Conflict Resolution at Yalova University
- Abstract:
- The current paper investigates the cross-national relevance of Latin American 'dependencia theory' for five dimensions of development (democracy and human rights, environment, human development and basic human needs satisfaction, gender justice, redistribution, growth and employment) on a global scale and tries to confront the very basic pro-globalist assumptions of the 'Lisbon process', the predecessor of the ongoing EU-2020 strategy, which was the policy target of the European leaders since the EU's Lisbon Council meeting in March 2000 to make Europe the leading knowledge-based economy in the world with a 'Latin American perspective'. A realistic and politically useful analysis of the 'Lisbon process' has to be a 'Schumpeterian' approach. First, we analyze the 'Lisbon performance' of the world economy by multivariate, quantitative means, looking into the possible contradictions that might exists between the dependent insertion into the global economy and other goals of the 'Lisbon process'. Dependency from the large, transnational corporations, as correctly predicted by Latin American social science of the 1960s and 1970s, emerges as one of the most serious development blockades, confronting Europe. Secondly, we analyze European regional performance since the 1990s in order to know whether growth and development in Europe spread evenly among the different regions of the continent. It emerges that dependency from the large transnational corporations is incompatible with a balanced, regional development. Finally, we discuss cross-national and historical lessons learned from the views of dependency and Schumpeterian perspectives for current policy-making in Europe, and opt for an industrial policy approach in the tradition of former EU-Commission President (1985-1995) Jacques Delors.
- Topic:
- Economics
- Political Geography:
- Europe and Latin America
583. European and Asian regionalism: Form and function
- Author:
- Philomena Murray and Nicholas Rees
- Publication Date:
- 05-2010
- Content Type:
- Journal Article
- Journal:
- International Politics
- Institution:
- Palgrave Macmillan
- Abstract:
- In investigating the relationship of the European Union (EU) and the East Asian region, and the comparisons of these two regions, this special issue on European and Asian Regionalism: Function and Form brings together a collection of articles that contributes to an understanding of these regions – and regional bodies – in an interdisciplinary and comprehensive manner. They contribute to our understanding of the EU as a political, economic! and security actor with civil society dimensions, and a clear regional integration agenda and that agenda's influence on East Asia. They further deepen our understanding of East Asian developments in regionalism. Much more than a simple examination of EU–Asia relations, this special edition critically examines the proposal that the EU may constitute a paradigm for East Asian regionalism. Among other things, it looks at EU–Asia links in the Asia Europe Meetings (ASEM) and role of formal and informal integration and networks within the East Asian region; the new wave of regionalism in Asia in the aftermath of the Asian Currency Crisis of 1997–1998; and the role of institutions and of state and non-state actors.
- Topic:
- Economics
- Political Geography:
- Europe and Asia
584. Meaningful Technology Tranfer for Climate Disruption
- Author:
- David M. Driesen and David Popp
- Publication Date:
- 09-2010
- Content Type:
- Journal Article
- Journal:
- Journal of International Affairs
- Institution:
- School of International and Public Affairs, Columbia University
- Abstract:
- Any serious effort to address global climate disruption will require effective technology transfer. Developing countries with growing emissions must somehow make emission reductions without curtailing the economic development needed to alleviate poverty. This must be done in order to permit global abatement on the scale required to avoid dangerous climate disruption. Given the limited financial and technical capabilities of developing countries, this task seems impossible without technology transfer. As policymakers continue to embrace and enhance technology transfer options, it is critical to understand the relationship between technology transfer and policy development in order to formulate more effective policies. Whether through market mechanisms, such as the Clean Development Mechanism (CDM), or direct aid programs, such as the Green Climate Fund, we argue that technology transfer programs must support the elaboration of policies in developing countries by addressing three key issues: additionality, appropriate scale and the promotion of knowledge spillovers. We use these three principles to provide a framework for assessing the potential of both the CDM and direct financial aid to foster meaningful technology transfer, which we define as technology transfer that not only lowers the overall short-run costs of carbon reductions, but also enhances the capacity of these countries to address climate change more thoroughly in the future.
- Topic:
- Climate Change and Economics
585. The Copyright Dilemma: Copyright Systems, Innovation and Economic Development
- Author:
- Walter G. Park
- Publication Date:
- 09-2010
- Content Type:
- Journal Article
- Journal:
- Journal of International Affairs
- Institution:
- School of International and Public Affairs, Columbia University
- Abstract:
- This paper discusses the potential role of copyright laws in technological and economic development. Although it is more common to think of the patent system as a source of economic and technological development, copyright laws and regulations affect cultural industries such as art, films, music and literature. These industries comprise an important part of gross domestic product and are a source of employment and income opportunities. Copyright regimes also affect education and scientific research through their impacts on the diffusion of knowledge embodied in copyright media, such as print and Internet publications, software and databases, among others. The copyright system can thus have an important influence on human capital accumulation. This paper surveys some of the theoretical and empirical work to date, assesses the implications of the findings for developing economies and identifies some areas where further research is needed.
- Topic:
- Economics and Education
586. Reconciling Acemogly and Sachs: Geography, Institutions and Technology
- Author:
- Nima Veiseh
- Publication Date:
- 09-2010
- Content Type:
- Journal Article
- Journal:
- Journal of International Affairs
- Institution:
- School of International and Public Affairs, Columbia University
- Abstract:
- This paper attempts to reconcile two models for sustainable economic growth in developing countries. I develop an empirical and theoretical case for how the geographic landscape of a country determines the ease with which it can assimilate foreign technologies and establish institutions favorable to economic growth. I explore the threshold between the seemingly conflicting geographic (Sachs at al.) and institutional (Acemoglu et al.) theories, and economic growth. I do this by developing a technologically determinant, intermediate bifurcation where growth shifts from being geographically to institutionally driven after enough technology has been assimilated. My analysis finds that the rate of technological assimilation is determined by the landscape of a country. As the technology level increases, income level converges toward the level of developed countries. After reaching a certain threshold, however, economic growth appears to shift from being geographically driven to institutionally driven.
- Topic:
- Economics
587. Ukraine's Defense Engagement with the United States
- Author:
- Gary D. Espinas
- Publication Date:
- 06-2010
- Content Type:
- Journal Article
- Journal:
- Journal of International Affairs
- Institution:
- School of International and Public Affairs, Columbia University
- Abstract:
- Ukraine faces a number of challenges, including a deep economic crisis and a tumultuous political system. These problems, however, only underscore the importance of continued U.S. engagement with Ukraine. The causes of European stability and prosperity are best served by a Ukraine that is democratic, secure in its borders, and integrated into European and Euro-Atlantic institutions. This has been the U.S. position since Ukraine's independence in 1991. In addition to its internal challenges, Ukraine faces an external challenge: Russia. Recent Russian actions suggest that Moscow still considers Ukraine to be within its sphere of influence. Furthermore, Russia's conflict with Georgia in August 2008 demonstrates that Moscow is willing to use a wide variety of tools, including military force, to establish and enforce its sphere of influence. Such attitudes threaten to return Europe to the destructive balance of power politics of its past, rather than promote a peace in the region based on the right of sovereign nations to determine their own future. Ukraine has made a choice to be a part of Europe by undertaking a number of reforms in order to become a truly independent and democratic country. In the interest of greater European stability and prosperity, and in recognition of Ukraine's positive engagement, the United States must continue its efforts to assist Ukraine on the path to democracy.
- Topic:
- Economics
- Political Geography:
- Russia, United States, Europe, Ukraine, and Moscow
588. The Global Expansion of Russa's Energy Giants
- Author:
- Nina Poussenkova
- Publication Date:
- 06-2010
- Content Type:
- Journal Article
- Journal:
- Journal of International Affairs
- Institution:
- School of International and Public Affairs, Columbia University
- Abstract:
- In any economy, oil and gas companies are tightly linked with the government. In petro-states such as Russia, they are so closely connected that they are sometimes indistinguishable. This symbiotic relationship is particularly strong in the global expansion of Russian energy corporations such as Gazprom, LUKOIL and Rosneft . which is guided by a tangled web of commercial and political motives.
- Topic:
- Economics
- Political Geography:
- Russia
589. Why Russia is Not South Korea
- Author:
- Sergei Guriev and Ekaterina Zhuravskaya
- Publication Date:
- 06-2010
- Content Type:
- Journal Article
- Journal:
- Journal of International Affairs
- Institution:
- School of International and Public Affairs, Columbia University
- Abstract:
- By January 1992, the Soviet Union had dissolved and the new Russian government had liberalized prices for most goods and services, ushering in a new Russian economy. In 2010, this economy turned eighteen years old and has, in Russian terms, come of age. In this article, we assess the current state of the Russian economy and its long-term prospects. Where is the Russian economy today, and where is it heading?
- Topic:
- Economics
- Political Geography:
- Russia and Korea
590. Constructing a Post-Communist Economic Order
- Author:
- David Szakonyi
- Publication Date:
- 06-2010
- Content Type:
- Journal Article
- Journal:
- Journal of International Affairs
- Institution:
- School of International and Public Affairs, Columbia University
- Abstract:
- In addition to being the largest country outside of the trading bloc, Russia has also recently achieved another undesirable distinction in the annals of the World Trade Organization (WTO): the longest candidacy bid at over sixteen years, surpassing China's previous record. Russian leaders have notably fluctuated in their desire for entry and their demands along the WTO accession journey, leading to serious uncertainty about where the entire process is headed. Rising interest in regional organizations such as the Shanghai Cooperation Organization and the Eurasian Economic Community may even herald the decline of the supremacy of Western institutions, at least among many states in Eurasia. Deciphering how post-Soviet states determine their policies in the international arena is a treacherous affair, but an important one for the economic order.
- Topic:
- Economics and World Trade Organization
- Political Geography:
- Russia, China, and Eurasia
591. Court reform in transitional states: Chile and the Philippines
- Author:
- Charles Anthony Smith and Mark Jorgensen Farrales
- Publication Date:
- 06-2010
- Content Type:
- Journal Article
- Journal:
- Journal of International Relations and Development
- Institution:
- Central and East European International Studies Association
- Abstract:
- Contrary to the conventional wisdom, we argue that democratic institutions are not a prerequisite to an independent judiciary. Rather, the need for foreign investment is a necessary and, in some cases, perhaps sufficient condition for the establishment of at least nominally independent judicial institutions. We consider Chile immediately after Pinochet and the Philippines at the outset of the Marcos regime. We consider the similarity of court reforms implemented by these two regimes. These cases illustrate two distinct points in the life span of an authoritarian government. The Chilean case features the time period that begins a transition to democracy prior to consolidation. The Philippine case features the time period of ascension of the authoritarian. Despite the different environments, both regimes implemented court reforms primarily designed to attract foreign direct investment into their troubled economies.
- Topic:
- Economics
- Political Geography:
- Philippines
592. Editorial
- Author:
- Patrick Thaddeus Jackson
- Publication Date:
- 03-2010
- Content Type:
- Journal Article
- Journal:
- Journal of International Relations and Development
- Institution:
- Central and East European International Studies Association
- Abstract:
- No abstract is available.
- Topic:
- International Relations, Cold War, and Economics
- Political Geography:
- Georgia
593. EU's Perception of Turkey: The Meaning of Turkey for the EU
- Author:
- Muhittin Ataman, Veysel Ayhan, and Mehmet Dalar
- Publication Date:
- 12-2010
- Content Type:
- Journal Article
- Journal:
- Bilgi
- Institution:
- Sakarya University (SAU)
- Abstract:
- The perception of side towards another is important in Turkish-EU relations. In this study, an evaluation was made regarding the EU's perception towards Turkey. In order to understand well the European perception of Turkey, a short introduction about the European integration was written, then Turkey's meaning for the EU and the European perception of Turkey in dif-ferent issue areas such as history, geography, economy, international system and the EU public opinion was analyzed. Different factors were taken into consideration to conclude the importance of Turkey for the EU.
- Topic:
- International Relations and Economics
- Political Geography:
- Europe and Turkey
594. Are Economic Sanctions Still a Valid Option?
- Author:
- Zachary Selden
- Publication Date:
- 09-2010
- Content Type:
- Journal Article
- Journal:
- Georgetown Journal of International Affairs
- Institution:
- Georgetown Journal of International Affairs
- Abstract:
- Financial sanctions, rather than import or export sanctions, may serve as a significant economic tool to alter the behavior of non-compliant states. The merits of this approach are evaluated using Iran's compliance with the Nuclear Non-Proliferation Treaty as a case study.
- Topic:
- Economics
- Political Geography:
- Iran
595. Economic Contractions in the United States: A Failure of Government
- Author:
- Mark Calabria
- Publication Date:
- 06-2010
- Content Type:
- Journal Article
- Journal:
- The Cato Journal
- Institution:
- The Cato Institute
- Abstract:
- Charles Rowley and Nathanael Smith have put together a brief, yet extensive, study comparing America's Great Depression and the recent financial crisis. Their focus is on both the economics and the politics behind these events. With both, they demonstrate how each was a failure of government, not of the market. The book concludes with several recommendations for addressing our nation's current economic and fiscal situation. The most original contribution of their work is in bringing a Public Choice framework to evaluating the financial crisis.
- Topic:
- Economics and Financial Crisis
- Political Geography:
- United States
596. The Evolution of Russian Conceptual and Political Models of High Technology Cooperation
- Author:
- Ivan V. Danilin
- Publication Date:
- 04-2010
- Content Type:
- Journal Article
- Journal:
- Connections
- Institution:
- Partnership for Peace Consortium of Defense Academies and Security Studies Institutes
- Abstract:
- International cooperation in the area of high technology—in design and development, manufacturing, and distribution—is one of the most important features of the current state of innovation around the world. Outsourcing, the ability to search for talent globally, the lowering of costs by transferring production facilities to developing countries, the evolution of global supply chains, venture capitalists' tireless search for fresh ideas all over the world—all these and numerous other processes combine to shape the reality of modern highly internationalized, collaborative, and interconnected activities involved in developing innovative new technologies. Even during the recent global economic crisis, these trends persisted. In spite of the fact that Western multinational corporations (MNCs) dominate the market and still are key players in these processes, companies from China and other developing nations are actively joining the game. Russia, which has declared its intention to regain (on a new footing) its former leader- ship role in science and technology, is also looking at international cooperation in the area of high technology as a powerful and important instrument for the development of national networks of innovation and a strong innovative economy, in hopes of securing a significant future market share in global sales of high-technology goods and services. But unlike many other nations, Russia's path, strategies, and modes of cooperation are still in transition, and are affected not only by the logic of the globalized economy, but also by different political and economic challenges inherited from previous decades, as well as by the political visions of different groups of national elites.
- Topic:
- Economics
- Political Geography:
- Russia and China
597. Pyongyang's Survival Strategy: Tools of Authoritarian Control in North Korea
- Author:
- Daniel Byman and Jennifer Lind
- Publication Date:
- 08-2010
- Content Type:
- Journal Article
- Journal:
- International Security
- Institution:
- Belfer Center for Science and International Affairs, Harvard University
- Abstract:
- In the early 1990s, many observers predicted that Kim Il-sung's regime would not survive the cessation of Russian aid and the resulting downward spiral of North Korea's economy. Speculation about regime collapse intensified when the less charismatic Kim Jong-il succeeded his father in 1994, and again after the 1996–97 famine that killed upwards of a million North Koreans. Gen. Gary Luck, commander of U.S. forces in Korea, declared in 1997 that North Korea would “dis - integrate.” That same year, a U.S. government and outside team of experts predicted regime collapse within five years. Another decade brought more prognostications: in 2000 Director of Central Intelligence George Tenet warned that “sudden, radical, and possibly dangerous change remains a real possibility in North Korea, and that change could come at any time.” Three years later, U.S. Deputy Secretary of Defense Paul Wolfowitz said that North Korea was “teetering on the edge of economic collapse.” Contemporary accounts warn that the regime is threatened by the growing flow of information into the country or by popular outcry touched off by the government's 2009 bungling of currency reform.
- Topic:
- Economics
- Political Geography:
- United States and North Korea
598. The United States and the Rise of China: Implications for the Long Haul
- Author:
- Robert J. Art
- Publication Date:
- 09-2010
- Content Type:
- Journal Article
- Journal:
- Political Science Quarterly
- Institution:
- Academy of Political Science
- Abstract:
- Today, economically wounded though it is, the United States nonetheless remains the world ʼ s most powerful state when power is measured in terms of economic and military assets. In the future, the U.S. economy will continue to grow, and the United States will remain the most powerful military nation on earth for some time to come. However, America ʼ s economic and military edge relative to the world ʼ s other great powers, will inevitably diminish over the next several decades.
- Topic:
- Economics
- Political Geography:
- United States and China
599. Hydraulic Pressures: Into the Age of Water Security
- Author:
- James E. Nickum
- Publication Date:
- 09-2010
- Content Type:
- Journal Article
- Journal:
- Foreign Affairs
- Institution:
- Council on Foreign Relations
- Abstract:
- No abstract is available.
- Topic:
- Security, Development, and Economics
- Political Geography:
- United States, Mexico, and Southeast Asia
600. Interdependency Theory: China, India and the West
- Author:
- Simon Tay
- Publication Date:
- 09-2010
- Content Type:
- Journal Article
- Journal:
- Foreign Affairs
- Institution:
- Council on Foreign Relations
- Abstract:
- No abstract is available.
- Topic:
- Development, Economics, Government, and Financial Crisis
- Political Geography:
- China and India