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  • Author: Cullen S. Hendrix
  • Publication Date: 03-2020
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: The Trump administration’s Africa strategy is rooted in three misconceptions about China’s African footprint—and a fourth about US-Africa economic relations—that are either factually incorrect or overstated in terms of the broader strategic challenges they pose to US interests: (1) Chinese engagement in Africa crowds out opportunities for trade and investment with and from the United States; (2) Chinese engagement in Africa is resource-seeking—to the detriment of US interests; (3) Chinese engagement in Africa is designed to foster debt-based coercive diplomacy; and (4) US-Africa economic linkages are all one-way and concessionary (i.e., aid-based). Hendrix finds little evidence to suggest Chinese trade and investment ties crowd out US trade and investment opportunities. China’s resource-seeking bent is evident in investment patterns, but it is more a function of Africa’s having comparatively large, undercapitalized resource endowments than China’s attempt to corner commodity markets. Chinese infrastructural development—particularly large projects associated with the Belt and Road Initiative—may result in increased African indebtedness to the Chinese, but there is little reason to think debt per se will vastly expand Chinese military capacity in the region. And finally, US-Africa economic relations are much less one-sided and concessionary (i.e., aid-based) than conventional wisdom suggests.
  • Topic: Bilateral Relations, Infrastructure, Economy, Trade, Donald Trump
  • Political Geography: Africa, China, North America, United States of America
  • Author: Frank Aum, Jacob Stokes, Patricia M. Kim, Atman M. Trivedi, Rachel Vandenbrink, Jennifer Staats, Joseph Yun
  • Publication Date: 02-2020
  • Content Type: Policy Brief
  • Institution: United States Institute of Peace
  • Abstract: A joint statement by the United States and North Korea in June 2018 declared that the two countries were committed to building “a lasting and stable peace regime on the Korean Peninsula.” Such a peace regime will ultimately require the engagement and cooperation of not just North Korea and the United States, but also South Korea, China, Russia, and Japan. This report outlines the perspectives and interests of each of these countries as well as the diplomatic, security, and economic components necessary for a comprehensive peace.
  • Topic: Conflict Resolution, Security, Diplomacy, Economy, Peace
  • Political Geography: Russia, Japan, China, Asia, South Korea, North Korea, Korean Peninsula, United States of America
  • Author: Cheon-Kee Lee
  • Publication Date: 04-2020
  • Content Type: Policy Brief
  • Institution: Korea Institute for International Economic Policy (KIEP)
  • Abstract: On 14 January 2020 the United States, the European Union, and Japan (hereinafter referred to as “US-EU-Japan”) issued a trilateral joint statement, proposing a set of new rules to strengthen WTO regulation on industrial subsidies. While a total of seven joint announcements have been made so far, this is the first time that three WTO Members have presented specific ideas on how to amend existing subsidy rules. Many of the proposed amendments seem to primarily target China’s trade policy and practices. Among the six amendment items proposed in the Joint Statement, it seems that the United States is paying particular attention to the sixth item, i.e. in making explicit the possibility of using the out-of-country benchmark and on introducing necessary requirements to do so in measuring the benefit conferred and, ultimately, in calculating the amount of the countervailing duties (CVDs). Against this backdrop, in this Brief the author analyzes the relevant WTO provisions and GATT/WTO jurisprudence, and discusses various scenarios on future negotiations on WTO Reform on industrial subsidies.
  • Topic: World Trade Organization, Economy, Negotiation, Trade Policy, Industry
  • Political Geography: Japan, China, United States of America, European Union
  • Author: Cheol-Won Lee, Hyun Jean Lee, Mahmut Tekçe, Burcu Düzgün Öncel
  • Publication Date: 04-2020
  • Content Type: Policy Brief
  • Institution: Korea Institute for International Economic Policy (KIEP)
  • Abstract: The Agreement on Trade in Services and the Agreement on Investment between Korea and Turkey came into effect in August 2018. This article focuses on the construction sector and the cultural contents sector to seek possible cooperative measures between the two countries.
  • Topic: International Cooperation, Treaties and Agreements, Culture, Economy, Investment, Industry
  • Political Geography: Turkey, Middle East, Asia, South Korea
  • Author: Minsoo Han, Hyuk-Hwang Kim, Hyelin Choi, Danbee Park, Jisu Kim
  • Publication Date: 03-2020
  • Content Type: Policy Brief
  • Institution: Korea Institute for International Economic Policy (KIEP)
  • Abstract: The shutdown of the GM Koreas Gunsan plant in May 2018 heightened social interest in the withdrawal of mutlinational corporations (MNCs). Against this backdrop, the forthcoming research The economic effects of multinational corporation withdrawal and policy responses studies the previous cases of MNC withdrawal, estimates the effects on labor market., and provides policy directions to address to the withdrawal. This note summarizes some of its important results.
  • Topic: International Trade and Finance, Economy, Multinational Corporations, Economic Policy
  • Political Geography: Asia, Korea
  • Author: Jang Ho Choi, Yoojeong Choi
  • Publication Date: 02-2020
  • Content Type: Policy Brief
  • Institution: Korea Institute for International Economic Policy (KIEP)
  • Abstract: This study examines changes in trade-related legal systems in North Korea and ac-tual trade transactions, and analyzes them in accordance with international standards (the WTO regulatory framework). Through this process, we will draw up measures to im-prove North Koreas trade system to open up the external economy as well as signing of a Comprehensive Economic Partnership Ar-rangement (CEPA). The results of this study will contribute to understanding the main characteristics of trade-related laws and sys-tems within North Korea and suggest promis-ing directions for their improvement.
  • Topic: Bilateral Relations, Partnerships, Economy, Trade
  • Political Geography: Asia, South Korea, North Korea
  • Author: Meeryung La
  • Publication Date: 02-2020
  • Content Type: Policy Brief
  • Institution: Korea Institute for International Economic Policy (KIEP)
  • Abstract: The Korean government has been pursuing a New Southern Policy (NSP) focusing on the “3P” areas of cooperation ‒ People, Prosperity, and Peace. The NSP puts people at a center of policy, and emphasizes the enhancement of cultural conversation and people-to-people exchange between Korea and ASEAN. The majority of services trade, an area with a low level of cooperation between Korea and ASEAN, is inherently based on the exchange of people. Promoting services trade flows between Korea and ASEAN could contribute to achieving the vision of a People-centered community in the region. Also, when taking into account the fact that services are integral to the working of GVC, the government should pursue policies to promote services trade and to enhance cooperation with ASEAN in the services sector. To this end, we aim to identify the current status of service trade and service trade barriers between ASEAN and Korea. This report briefly covers ASEAN’s trade in services and the restrictiveness of service trade regulations in ASEAN, and then suggests policy recommendations based on the results.
  • Topic: International Cooperation, Regulation, Economy, Economic Policy, Trade
  • Political Geography: Asia, South Korea
  • Author: Meghna Paul, Avani Kapur
  • Publication Date: 02-2020
  • Content Type: Policy Brief
  • Institution: Centre for Policy Research, India
  • Abstract: The Poshan Abhiyaan earlier known as the National Nutrition Mission is Government of India’s (GoI’s) flagship scheme that aims to holistically address the prevalence of malnutrition in India through the use of technology, convergence, behavioural change, training, and capacity building. This brief uses government data to report on the following: Trends in GoI allocations, releases and expenditures; Trends in expenditure of selected individual components of Poshan Abhiyaan; Trends in participation by gender and activities conducted under the Mission.
  • Topic: Gender Issues, Budget, Food Security, Economy, Capacity
  • Political Geography: South Asia, India, Asia
  • Author: Joseph E. Gagnon, Christopher G. Collins
  • Publication Date: 11-2019
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: Central banks in the three largest advanced economies (the United States, Japan, and the eurozone) have only limited ammunition to fight a recession based on the tools used to date. The Federal Reserve has the most amount of tried and tested ammunition in this group. If a recession were to hit the US economy now, the Fed would be able to deliver monetary stimulus equivalent to a cut in the short-term policy interest rate of about 5 percentage points, which is sufficient to fight a mild but not severe recession. The European Central Bank and the Bank of Japan have little ability to ease policy with tools used to date, about the equivalent of a 1 percentage point cut in the policy rate. But they can engage in more exotic forms of monetary policy, such as large-scale purchases of equity and real estate and direct transfers to households, which the Fed cannot do. These tools, however, are largely untested and face political resistance. An important implication of this analysis is that raising expected inflation before a recession hits has a much larger benefit than has been widely recognized. A higher long-run inflation rate gives central banks more room to not only cut their policy rates but also use forward guidance and quantitative easing to reduce longer-term rates.
  • Topic: Global Recession, Economy, Central Bank
  • Political Geography: Japan, Europe, North America, United States of America
  • Author: Cullen S. Hendrix, Sooyeon Kang
  • Publication Date: 07-2019
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: The nature and magnitude of geopolitical risk is changing more rapidly than the ability to anticipate it, with increasingly severe economic consequences. This Policy Brief discusses the economic costs and risks associated with episodes of political instability, arguing that firms, government agencies, and international institutions must update their forecasting and risk assessment efforts to take global factors into account. Since the global financial crisis, political instability has shifted from emerging-market countries in the developing world to larger, more globally impactful econo¬mies. Acknowledging this changing risk profile—and developing better tools to predict major episodes of instability—will allow both policymakers and firms to plan with greater confidence.
  • Topic: Economics, Geopolitics, Economy, Political stability
  • Political Geography: Global Focus
  • Author: Patrick Clawson
  • Publication Date: 12-2019
  • Content Type: Policy Brief
  • Institution: The Washington Institute for Near East Policy
  • Abstract: Rouhani has taken a remarkably austere fiscal approach ahead of the looming parliamentary election, but the country’s economic situation is still not sustainable over the long run. On December 8, following established procedures, President Hassan Rouhani visited parliament to present his budget for the Iranian year 2020/21, which begins in March. Notwithstanding the government’s rosy rhetoric, his spending proposals show the tough times the Islamic Republic is facing.
  • Topic: Foreign Policy, Oil, Sanctions, Budget, Elections, Economy
  • Political Geography: Iran, Middle East
  • Author: Efe Baysal
  • Publication Date: 12-2019
  • Content Type: Policy Brief
  • Institution: Turkish Economic and Social Studies Foundation (TESEV)
  • Abstract: Let us face it: we are in the midst of a catastrophe, a state of calamity unprecedented in human history. We are living in those scenarios that once depicted a terrible future due to “global warming”. Extreme weather events, not-so-natural disasters have become the new norm. Given the fact that more than half of the world’s population now live in urban areas, it is fair to say that these new climate norms pose an especially dire threat to cities.
  • Topic: Climate Change, Governance, Economy, Crisis Management, Urban
  • Political Geography: Turkey, Middle East, Global Focus
  • Author: Ritwik Shukla, Avani Kapur
  • Publication Date: 07-2019
  • Content Type: Policy Brief
  • Institution: Centre for Policy Research, India
  • Abstract: This brief reports on two maternity benefits schemes, offering conditional cash transfers to pregnant women and mothers: a) The Pradhan Mantri Matru Vandana Yojana (PMMVY), Government of India’s (GoI’s) scheme aimed at providing partial compensation for wage loss and improving health seeking behaviour of pregnant women and lactating mothers, and b) the Janani Suraksha Yojana (JSY) aimed at incentivising institutional and safe delivery for reducing infant and maternal mortality. Using government data, this brief reports on: Trends in allocations, releases, and utilisation, Coverage and payments, and Outputs and outcomes.
  • Topic: Gender Issues, Government, Health, Budget, Women, Economy
  • Political Geography: South Asia, India
  • Author: Eileen Keller
  • Publication Date: 11-2018
  • Content Type: Policy Brief
  • Institution: Institut français des relations internationales (IFRI)
  • Abstract: This study analyses the joint efforts by France and Germany to bring about a comprehensive reform of the European currency union. These efforts culminated in the joint Meseberg Declaration adopted in June 2018. The article contextualises these efforts with respect to the reforms realised so far and the different reform options at hand. Besides questions of economic viability and institutional deficits, the article tackles issues of political feasibility. “From Meseberg to nowhere” was the prognosis given by Werner Mussler, economic correspondent for the Frankfurter Allgemeine Zeitung in Brussels. Commenting on the outlook for the joint declaration by the French President and German Chancellor on 19 June, following protracted negotiations at the German Government's official guest house at Schloss Meseberg, near Berlin, the journalist was critical of both the compromises it contained on strengthening the euro area and the chances of these ever being implemented. There is no question that the negotiations on the development of the euro area come at a difficult time. However, there are still good grounds for reaching a different conclusion. Both valid economic and political reasons can be found for the reforms proposed in the declaration, the details of which have yet to be developed. Anyone broaching the subject realistically knows that negotiations on economic and monetary union have always been challenging, due to differing concepts of economic policy and divergent economic needs and interests. At the same time, the two figures responsible for the Meseberg Declaration are both exceptional political personalities whom have shown in the past that they can cope with difficult negotiations, and can achieve remarkable results – on condition that Angela Merkel remains in office.
  • Topic: Regional Cooperation, Bilateral Relations, European Union, Economy, Negotiation, Currency
  • Political Geography: Europe, France, Germany
  • Author: Bediz Yılmaz
  • Publication Date: 11-2018
  • Content Type: Policy Brief
  • Institution: Turkish Economic and Social Studies Foundation (TESEV)
  • Abstract: We are at a time when old definitions are being shaken up. Here I will track these splits and try to see what traces are shaping in their place. Let’s start with the city and the rural area. There is a credo of a definition in urban sociology. Despite changes in the social reality and notwithstanding those sociological approaches with a critical perspective, this definition does not change and is repeated through generations. The definition says: “City is the place where nonagricultural economic activities take place.” It is difficult to assert the validity of this definition in any particular time in history, and one does not know where to begin to explain that it does not stand today either. If you live in a medium-sized city like Mersin it is especially difficult to tell apart the city and rural areas, which one violates the other, what exactly is a rural area and which way it falls.
  • Topic: Agriculture, Food, Food Security, Economy, Urban, Rural
  • Political Geography: Turkey, Middle East
  • Author: İpek İlkkaracan
  • Publication Date: 02-2018
  • Content Type: Policy Brief
  • Institution: Turkish Economic and Social Studies Foundation (TESEV)
  • Abstract: This policy brief is published in the framework of “Women’s Participation for Sustainable City” project under the umbrella project “Supporting Sustainable Cities” of TESEV funded by the Friedrich Naumann Foundation for Liberty. If one were asked to associate a color with the concept of “sustainable cities,” the first to come to mind would be probably green. Not surprising, given that the issue of sustainability originated out of concerns for the environmental crisis and the green economy was proposed as a vision of an environmentally sustainable economy. Today it is widely acknowledged that an additional challenge to sustainability has to do with inequalities in the economic and social sphere. Gender is an important crosscutting dimension of multi-layered inequalities. Hence I would like to propose another color to associate with the concept of sustainable cities and sustainable economies, complementing the green: Purple, the symbolic color of the women’s movement in Turkey and in many countries around the world. The purple economy entails the vision of a gender egalitarian and hence a socially sustainable economy. It starts from the premise that the root cause of obstacles to women’s equal economic participation lies within the gender imbalances in the distribution of caring labor. Caring labor entails provisioning of goods and services to caredependent groups such as children, elderly, ill and people with disabilities as well as healthy adults necessary for their physical, social, mental and emotional wellbeing.
  • Topic: Gender Issues, Labor Issues, Women, Economy, Urban
  • Political Geography: Turkey, Middle East
  • Author: Sama Khan
  • Publication Date: 06-2018
  • Content Type: Policy Brief
  • Institution: Centre for Policy Research, India
  • Abstract: This paper analyses the effectiveness of the Swachh Bharat Mission (Urban) by analyzing the financial and physical progress of the mission and the manner in which funds have been allocated and sanctioned to different activities in various states. It examines the planned allocation of central funds (i) between the SBM (Urban) and the rural component, SBM (Gramin) (ii) among the various components of SBM-U, i.e., Construction of Individual Household Latrines and Community Toilets (IHHLs and CTs), Solid Waste Management (SWM), Information, Education and Communication (IEC) and Capacity Building (CB) and (iii) across different states and UTs. It finds that the disparity in funding between the SBM-U and SBM-G does not reflect the risk-adjusted need of urban areas, given their complexities of urban congestion and poverty that lead to higher health and environmental risk. The allocation of funds between the various components of SBM-U undervalues the need for proper solid waste management, IEC and Capacity Building and appears to ignore their effect on sanitation practices, the importance of building capacity to properly manage waste from the increasing number of toilets constructed and more organized solid waste disposal. Finally, the pattern of the allocation of funds between states does not benefit states that need it the most, in terms of states that have a lower share of in-house toilets, because the funds were allocated on the basis of the share of urban population and statutory towns. The paper concludes with recommendations to rectify some of these shortcomings.
  • Topic: Environment, Poverty, Finance, Economy, Urban
  • Political Geography: South Asia, India, Asia
  • Author: Michael Brüntrup, Daniel Tsegai
  • Publication Date: 01-2017
  • Content Type: Policy Brief
  • Institution: German Development Institute (DIE)
  • Abstract: Drought is one of the most damaging natural hazards. Various studies rank it first among all natural hazards by seriousness of impacts such as the loss of life and livelihoods, economic losses and the adverse social and ecosystem effects. In many instances, drought can be a major factor in local conflicts, as well as internal and international migration – these negative effects of drought often persist long after the precipitation returns to normal levels. The causes of droughts are essentially natural, but climate change increases the drought severity, frequency, duration, and spatial extent. The impacts of droughts are also strongly exacerbated by anthropological activities, such as deforestation, overgrazing, soil degradation, and water mismanagement. In turn, the consequences of these activities are also exacerbated by drought, which creates a vicious cycle of ecological degradation and human misery. A reactive approach to droughts is still prevalent in many countries, even though emergency funding is costly, less effective and does not address the long-term causes of vulnerability and lack of sustainability. There is an urgent need to move forward with a paradigm shift from “crisis” to “risk” management, adopting a proactive approach based on the principles of risk reduction and prevention. There is a whole set of effective measures that need to be implemented to increase resilience to drought and minimise its effects. Monitoring and early warning systems along with assessments of the hot spots of vulnerable populations and regions, as well as investments in risk-mitigating measures are the first line of defence. These actions need to become an integral part of national drought policies. Moreover, the full cyclical phenomenon of droughts should be at the core of the drought management plans to take full advantage of the drought preparedness measures. All “drought-relevant” sectors including agriculture, food security, the environment, meteorology, water, energy and tourism have to be included in the drought policy development process and preparedness plans.
  • Topic: Agriculture, Climate Change, Migration, Natural Disasters, Economy
  • Political Geography: Germany, Global
  • Publication Date: 05-2016
  • Content Type: Policy Brief
  • Institution: Turkish Economic and Social Studies Foundation (TESEV)
  • Abstract: Aydın Doğan Foundation (ADV) and Turkish Economic and Social Studies Foundation (TESEV) launched, in December 2015, www.turkiyedecocuklar.org as an innovative policy tool. Open data from TÜİK, ILO, and Hacettepe TNSA on working girls in Turkey was assembled and reorganized as an interactive database to facilitate evidence-based effective policy making. Working girls and education is the most alarming issue on the database. As a follow-up, ADV and TESEV brought together experts, in Istanbul, on 28 April 2016, to discuss and recommend policies.
  • Topic: Education, Labor Issues, Children, Economy
  • Political Geography: Turkey, Middle East
  • Author: Krzysztof Szczygielski, M. Teoman Pamukcu, Sinan Tandogan, Wojciech Grabowski
  • Publication Date: 08-2013
  • Content Type: Policy Brief
  • Institution: Center for Social and Economic Research - CASE
  • Abstract: Mediterranean and EU member countries consider enhancing innovation and R&D an important policy objective. In order to improve economic competitiveness and increase their citizens’ welfare, these countries have been formulating and implementing innovation policies. In recent years, the volume of resources allocated to such policies has considerably increased and the number of instruments used in this framework has widened. Nevertheless, a relatively limited number of studies have been conducted to assess the effectiveness of innovation policies in these countries and formulate proposals for those aspects of policies that are in contradiction with the aims.
  • Topic: Government, Economy, Social Policy, Innovation
  • Political Geography: Europe, Central Asia, Turkey, Poland, Mediterranean, European Union