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1111. The US economic presence in Greece – George Tzogopoulos

Author:
George Tzogopoulos
Publication Date:
12-2022
Content Type:
Policy Brief
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
The excellent status of Greek-American relations is reflected in the economic sphere. The stock of American Foreign Direct Investment (FDI) in Greece has increased in the recent years. The technology sector has captured the attention of American digital giants, which have displayed a tendency to choose to build some of their innovation hubs in Greece. Although this is not a new phenomenon, the last few years have seen several new investments, as well as an increasing number of tech-labs in which Greece’s digital ecosystem flourishes. Over and beyond Greece’s digital transformation, the country’s shift toward green energy has sparked the interest of American companies, keen to explore opportunities. In tandem, the US is a critical supplier of liquefied natural gas (LNG) to Greece, which is, in addition, slowly acquiring the infrastructure capacity to function as an artery through which American LNG can be transported to other markets in the Balkans. Greek ship-owners are playing a significant role in the new energy market. The investment of ONEX in Syros is crucial for Greek-American co-operation in the maritime sector and could possibly be replicated in the Elefsis shipyards. The real estate sector appears attractive for American companies. Focused principally on the acquisition and/or renovation of hotels, this is expected to boost the tendency of American tourists to return to Greece after the two-years hiatus imposed by the COVID-19 pandemic. The positive momentum could also encourage more American students to study in Greece. The volume of Greek-American trade has steadily increased since 2016, with Greece maintaining a diminishing surplus.
Topic:
Science and Technology, Bilateral Relations, Economy, Trade, Real Estate, and Digital Transition
Political Geography:
Europe, Greece, North America, and United States of America

1112. Population Displacements in the Ukraine War: The challenge of first humanitarian assistance – Antoine Laurent

Author:
Antoine Laurent
Publication Date:
12-2022
Content Type:
Policy Brief
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
Since February 2022, the Russian invasion of Ukraine has triggered the largest war-related displacement of population in Europe since the aftermath of World War Two. Setting up an effective humanitarian response to support internally displaced persons in Ukraine is a task of major political importance. Since the beginning of the war, local volunteers have played a key role in providing assistance to internally displaced persons in Ukraine. They are often unable to comply with the standards set by international humanitarian institutions, which refuse to fund them, despite their being in urgent need of support. There would seem to be a need to relax the common standards that apply to humanitarian assistance in order to allow local actors, including volunteers, to collaborate with international humanitarian organisations. Helping informal groups of volunteers to organise themselves into non-profit organisations or NGOs could encourage international humanitarian organisations to support them.
Topic:
Humanitarian Aid, Migration, Displacement, and Russia-Ukraine War
Political Geography:
Europe and Ukraine

1113. Post-Kemalism and the Future of Turkish Governance – Nicholas Danforth

Author:
Nicholas Danforth
Publication Date:
12-2022
Content Type:
Policy Brief
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
Disillusionment with Erdoğan and the AKP after 2013 has reshaped the study of Turkish politics and history, leading scholars to focus on new themes and new periods. Comparative approaches, political economy and a newfound interest in the Cold War have offered a more nuanced understanding of Turkish authoritarianism. Post-Kemalism remain more popular in the U.S. and Europe than in Turkey.
Topic:
Governance, Authoritarianism, and Domestic Politics
Political Geography:
Turkey and Middle East

1114. Understanding the Firm-Level Export Diversification Characteristics in Botswana

Author:
Pinkie Gertrude Kebakile
Publication Date:
01-2022
Content Type:
Policy Brief
Institution:
Botswana Institute for Development Policy Analysis
Abstract:
This Policy Brief unravels interesting insights pertaining to firm-level export diversification characteristics in Botswana, which is an approach that views export diversification at the micro-level. The following are the key highlights from the Policy Brief: • Exporters whose export portfolios are varied in terms of products and export markets, commonly referred to as multi-product multi-destination exporters in the literature fetch high export values, which is a prerequisite for sustained economic growth in the country. • The growth and diversification of Botswana’s export bundle is undermined by the exporters’ inability to break into new export markets. • The main policy message is therefore that to transition from the upper-middle income status to high-income status by 2036, the country needs to nurture and develop the multi-product multi-destination exporters. Targeted interventions aimed at developing these exporters are therefore called for.
Topic:
Business, Economic Growth, Diversification, Exports, and Trade
Political Geography:
Africa and Botswana

1115. Unknown Knowns How the Bush Administration Traded Failure for Success in Iraq

Author:
David Cortright, George A. Lopez, and Alistair Millar
Publication Date:
07-2022
Content Type:
Policy Brief
Institution:
Fourth Freedom Forum
Abstract:
This is the story of a road not taken, how the United States discarded a proven system of United Nations weapons inspections and multilateral sanctions and opted for an unnecessary war in Iraq. The saga of what happened twenty years ago may seem like ancient history to some, but many negative consequences are still evident. From the imposition of sanctions on Iraq in 1990 until the calamitous invasion in 2003, our research team produced a steady stream of reports and publications documenting the most significant policy failure by the United States since the Vietnam War.1 With the twentieth anniversary of the invasion approaching, it is time for a fresh look at those events to assess the strategic and ethical implications of the decisions made then and their relevance for today. George W. Bush was gripped by a messianic zeal to overthrow Saddam Hussein by force.2 The president and his advisers were determined to implement a policy of armed regime change regardless of all evidence, logic, or reason.3 The White House concocted a false narrative of weapons of mass destruction in the hands of a dictator with supposed links to al-Qaida.4 Bush ignored the unequivocal conclusion of the U.S. intelligence community that Iraq had nothing to do with either 9/11 or al-Qaida.5 The result of the administration’s campaign of deception was a costly war of choice that ended in “strategic defeat,” to cite the conclusion of the U.S. Army history of the war.6 Many studies have examined what went wrong in Iraq,7 but few have looked at the alternative security approaches that were available at the time. We examine those alternatives here to document that the war was unnecessary and to highlight the policy advantages of multilateral nonmilitary security strategies.
Topic:
Security, Military Strategy, Multilateralism, Iraq War, and George W. Bush
Political Geography:
Iraq, Middle East, North America, and United States of America

1116. Putin’s Friends? The Complex Balance Inside Italy’s Far-Right Government Coalition

Author:
Raimondo Lanza
Publication Date:
11-2021
Content Type:
Policy Brief
Institution:
Institut français des relations internationales (IFRI)
Abstract:
Italy’s new far-right government has been widely perceived as the potential weak spot of the anti-Kremlin European front following Russia’s invasion of Ukraine: traditionally pro-Putin politicians such as Matteo Salvini and Silvio Berlusconi are back in power. Yet, after Mario Draghi’s hawkish Euro-Atlantic government fell in July and Giorgia Meloni was looking forward to a probable victory, she immediately sided with the European Union and the North Atlantic Treaty Organization in a firm condemnation of Russia. Putin’s Friends? The Complex Balance Inside Italy’s Far-Right Government Coalition Download 0.66 Mo Key takeways: Italy’s good relations with Putin’s Russia have not been the prerogative of a specific party. Political, economic and energy ties developed significantly with center-left and center-right governments alike. In line with most far-right parties in the EU, Salvini’s Northern League and Meloni’s Brothers of Italy developed an appreciation for Putin’s neo-conservative regime while criticizing the EU and NATO for damaging Italy’s entente with Moscow. A potential reconciliation with Moscow goes against Italy’s national interest at this point. Russia accounts for only 1.5% of Italy’s exports against its Western partners’80%. Besides, the EU’s interconnected gas market requires a coordinated plan to overcome the energy crisis. Finally, the reconquest of Kherson by Ukraine in November makes support for the Kremlin political suicide. Meloni’s sudden pro-NATO shift has taken much of her electorate by surprise, while support for Ukraine is low in the country. Coalition allies Salvini and Berlusconi are ready to take advantage of this gap to weaken Meloni’s leadership. This is typical of Italy’s fragile parliamentary democracy. To avoid further disappointing her electorate, Meloni is rapidly satisfying other demands of theirs, on issues such as migration, family values and tax policies.
Topic:
Foreign Policy, Diplomacy, Bilateral Relations, Right-Wing Politics, and Russia-Ukraine War
Political Geography:
Russia, Europe, and Italy

1117. 2021 Resource Governance Index: Lebanon (Oil and Gas)

Author:
Natural Resource Governance Institute
Publication Date:
11-2021
Content Type:
Policy Brief
Institution:
Natural Resource Governance Institute
Abstract:
Assessed for the first time, Lebanon’s governance of its nascent oil and gas sector scored 53 out of 100 points in the 2021 Resource Governance Index. While Lebanon is not yet an oil and gas producer, its government has begun to establish an institutional framework to govern the sector before production begins. Lebanon received a “satisfactory” score of 73 points in terms of its ability to realize value from its sector according to the RGI, with the Lebanese Petroleum Administration (LPA) displaying signs of best practice in terms of extractive sector transparency. Nonetheless, “weak” revenue management and a “poor” enabling environment are causes for concern for the future of Lebanon’s resource governance.
Topic:
Corruption, Oil, Natural Resources, Governance, and Gas
Political Geography:
Middle East and Lebanon

1118. Oil and Gas in Lebanon: Time to Rethink Expectations

Author:
Aaron Sayne and Laury Haytayan
Publication Date:
11-2021
Content Type:
Policy Brief
Institution:
Natural Resource Governance Institute
Abstract:
Lebanon’s hopes of “entering the club of oil producers” have not materialized. After almost a decade of high expectations, the country still has no proven reserves of oil or natural gas. Instead, the one well drilled so far, by partners Eni, Total and Novatek, revealed only trace amounts of gas. Now the government has extended the companies’ deadline to explore until August 2022 and has postponed a second oil and gas licensing round. Lebanon needs a new, more realistic vision of what oil and gas can do for it. For years, politicians in Beirut have told the public that exporting fossil fuels would transform the country’s failing economy, and that generating electricity from gas would turn around its mismanaged power sector. In this briefing we do not try to predict the future—especially considering how fast conditions on the ground are changing. Instead, we offer an evidence-based warning about the wisdom of Lebanon staking its economic or energy future on oil and gas. The conclusions and observations are based on analysis of the current situation and on the experiences of fossil-fuel dependent countries and other prospective new producers. The current moment, though very painful, offers the country a chance to build a new energy strategy that it can start to implement when its economic and political fortunes improve. This strategy should realistically and sustainably meet people’s needs, rather than make them worse.
Topic:
Oil, Natural Resources, Gas, Economy, and Fossil Fuels
Political Geography:
Middle East and Lebanon

1119. 2021 Resource Governance Index: Azerbaijan (Oil and Gas)

Author:
Natural Resource Governance Institute
Publication Date:
11-2021
Content Type:
Policy Brief
Institution:
Natural Resource Governance Institute
Abstract:
Azerbaijan’s oil and gas sector scored 56 points out of 100 in the 2021 Resource Governance Index (RGI), up by nine points since the 2017 RGI. The country’s ability to realize value from the sector and its overall “enabling environment” deteriorated since the last assessment, but revenue management improved by 35 points and now places in the “good” performance band. Key messages: Governance of licensing received a “failing” 11 points, due to a lack of rules and disclosures in the licensing process, as well issues regarding disclosure of officials’ financial interests and identification of the beneficial owners of companies involved in the sector. The governance of local impacts received a “failing” score, with issues both in terms of the laws and disclosures of environmental and social impact assessments and environmental mitigation plans. SOCAR, the state-owned oil producer, scored in the lower end of the “satisfactory” performance band, with commodity sales rules and disclosures especially problematic. The implementation of fiscal rules and their monitoring boosted the national budgeting subcomponent score by 37 points since the 2017 RGI. SOFAZ, the country’s sovereign wealth fund, received a “good” score due to improvements in both the legal framework and disclosures.
Topic:
Environment, Oil, Natural Resources, Governance, and Gas
Political Geography:
Central Asia and Azerbaijan

1120. Managing Senegal’s Oil and Gas Revenues

Author:
William Davis, Andrew Bauer, and Papa Daouda Diene
Publication Date:
12-2021
Content Type:
Policy Brief
Institution:
Natural Resource Governance Institute
Abstract:
As of late 2021, Senegal is on the cusp of becoming a significant oil and gas producer. The revenues that it can expect to mobilize present it with an important opportunity to speed the country’s development by increasing public investment. In preparation for this, Senegalese authorities are currently revising the country’s framework for managing its oil and gas revenues, which remains a work in progress. The authors of this report evaluate various aspects of Senegal’s policy framework for managing oil and gas revenues and share recommendations as to how it could be strengthened.
Topic:
Oil, Natural Resources, Gas, and Revenue Management
Political Geography:
Africa and Senegal