Search

Begin New Search Topic Global Political Economy Content Type Policy Brief

1. Chinese companies in Arctic mining are gaming the master plan

Author:
Patrik Andersson, Per Kalvig, and Urik Pram Gad
Publication Date:
05-2022
Content Type:
Policy Brief
Institution:
Danish Institute for International Studies (DIIS)
Abstract:
Looking for Chinese state ownership in Arctic extractive projects misses the point, and politically framed rhetoric from Chinese companies may be misleading. Some Western companies downplay their Chinese relations, but Western companies are often reliant on Chinese partners. In Western media, Chinese companies are sometimes discussed as being parts of a well-oiled state machine. They are not, but neither are they left to fight on their own without any support or guidance. Rather, they follow their own business priorities while eagerly seizing opportunities provided through supportive state policy. Interaction and integration with the state varies between different types of companies. The Chinese Communist Party (CCP) has a complex set of levers which make it possible to secure specific strategic investments. The likelihood of state intervention varies depending on the commodity involved as well as geopolitical factors. However, the preferred mode of governance is to issue general policies that encourage companies to contribute to state objectives.
Topic:
Foreign Policy, Business, Global Political Economy, and Mining
Political Geography:
China, Asia, and Arctic

2. FDI another day: Russian reliance on European investment

Author:
Marta Dominguez-Jimenez and Niclas Poitiers
Publication Date:
02-2020
Content Type:
Policy Brief
Institution:
Bruegel
Abstract:
Most foreign direct investment into Russia originates in the European Union: European investors own between 55 percent and 75 percent of Russian FDI stock. This points to a Russian dependence on European investment, making the EU paramount for Russian medium-term growth. Even if we consider ‘phantom’ FDI that transits through Europe, the EU remains the primary investor in Russia. Most phantom FDI into Russia is believed to originate from Russia itself and thus is by construction not foreign.
Topic:
Economics, Energy Policy, Foreign Direct Investment, Governance, Sanctions, European Union, and Global Political Economy
Political Geography:
Russia and Europe

3. A World Dividing: The International Implications of the Sino-American Rift

Author:
Chas W. Freeman Jr.
Publication Date:
11-2019
Content Type:
Policy Brief
Institution:
Quincy Institute for Responsible Statecraft
Abstract:
The Trump administration has declared economic war on China. The United States has raised taxes on Chinese imports to levels not seen since the Smoot–Hawley tariffs of the Great Depression. Over the course of this year, Chinese imports of American goods have decreased by 26.4 percent, while China’s exports to the United States are down 10.7 percent. Washington has embargoed exports to China of a constantly expanding list of high-tech manufactures. It seeks to block Chinese telecommunications companies from third-country markets. The United States has mounted a vigorous campaign to persuade other countries to reject Chinese investments in their infrastructure, notably in the case of 5G telecommunications networks.
Topic:
International Trade and Finance, Global Political Economy, Trade Wars, International Community, and Exports
Political Geography:
United States, China, Asia, and Global Focus

4. Counting the Cost of Financial Warfare: Recalibrating Sanctions Policy to Preserve U.S. Financial Hegemony

Author:
Enea Gjoza
Publication Date:
11-2019
Content Type:
Policy Brief
Institution:
Defense Priorities
Abstract:
The American economy, dollar, and banking system create unparalleled power for the U.S. in the global financial system. This power provides disproportionate influence over the world’s key economic and financial institutions, regulatory authority over major foreign companies and banks, and allows borrowing on favorable terms and in dollars, enabling long-term deficit spending.
Topic:
Economics, International Trade and Finance, Hegemony, Sanctions, Finance, and Global Political Economy
Political Geography:
United States

5. Survival of the International Monetary Fund and Global Economic Cooperation

Author:
Edwin M. Truman
Publication Date:
04-2019
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
The International Monetary Fund (IMF)—a quota-based institution—faces a test of its survival as the linchpin of the global financial safety net. Its roughly $1.4 trillion in total financial resources is scheduled to begin to shrink in 2020. In 2015, IMF members committed to strengthening IMF financial resources in the 15th General Review of Quotas, which will end in December 2019. Over the past 25 years, the United States has led the way for a gradual redistribution of IMF quota shares toward faster-growing emerging-market and developing countries. Any significant redistribution of quota shares requires an increase in total quotas. Because of its share of votes in the IMF, the United States must agree to any change in quotas. The Trump administration, however, has signaled that it favors no such change. If the United States does not reverse its stance, IMF members will lose an opportunity to strengthen the institution at a time of global financial uncertainty. Truman says the United States could still change its position and recommends how other member countries should press it to do so.
Topic:
International Trade and Finance, Politics, International Monetary Fund, Global Political Economy, Donald Trump, and Economic Cooperation
Political Geography:
North America, Global Focus, and United States of America

6. Denmark's China Challenge

Author:
Luke Patey
Publication Date:
10-2019
Content Type:
Policy Brief
Institution:
Danish Institute for International Studies (DIIS)
Abstract:
A common refrain in Denmark is that China is too far away to be a threat to Danish economic, foreign and security policy interests. This is no longer the case. Danish policy-makers acknowledge that China’s rise as a global superpower presents Denmark with new challenges. However, transforming this strategic thinking into practice is no simple task. Recommendations Intensify cooperation between the Ministries of Defense and Foreign Affairs to ensure Denmark’s initiatives in foreign policy, security and economic relations with China are more closely integrated. Beware of the bilateral. Beijing’s new assertive foreign policy and US-China strategic competition require that Denmark leverage its interests increasingly through the EU, NATO and other multilateral bodies. Assess the economic vulnerabilities of Danish industries in China and diversify trade and investment across Asia’s emerging markets and developed economies in the G7/EU.
Topic:
Security, Foreign Policy, Defense Policy, Power Politics, Bilateral Relations, Cybersecurity, and Global Political Economy
Political Geography:
China, Europe, Asia, and Denmark

7. EU Pressure on Niger to Stop Migrants is Reshaping Cross-Border Economies: From migrants to drugs, gold, and rare animals

Author:
Hans Lucht and Luca Raineri
Publication Date:
12-2019
Content Type:
Policy Brief
Institution:
Danish Institute for International Studies (DIIS)
Abstract:
Though the four-by-fours with migrants still leave regularly for Libya, there’s little doubt that EU driven anti-migration efforts in the Agadez region of Niger has been a blow to the local cross-border economy. POLICY RECOMMENDATIONS ■ EU interventions in Niger have had an unintended negative effect on the safety of migrants. It’s therefore important to maintain focus on rescue missions in the desert. ■ Europe must ensure that conflict and context sensitivity remain paramount as well as promoting alternative development opportunities and good governance. ■ National, local and traditional authorities should continue to avoid conflicts linked to natural resources, including gold, uranium, pasturelands and water, by promoting transparency and participatory decision-making.
Topic:
International Relations, Development, Migration, Poverty, Border Control, European Union, Inequality, Fragile States, and Global Political Economy
Political Geography:
Africa, Libya, North Africa, and Niger

8. The construction of the Grand Ethiopian Renaissance Dam (GERD) and geopolitical tension between Egypt and Ethiopia with Sudan in the mix

Author:
Michael Asiedu
Publication Date:
01-2018
Content Type:
Policy Brief
Institution:
Global Political Trends Center (GPoT)
Abstract:
Egypt's President Abdel Fattah al-Sisi indicated in a televised broadcast on 16 January, 2018 that his country neither wants war with Sudan nor Ethiopia; Egypt was also not looking to meddle in the internal affairs of these two countries. These pronouncements came at the backdrop of what is proving to be a challenge for these three countries, the construction of the Grand Ethiopian Renaissance Dam (GERD), the largest hydro-electric dam project in Africa. This policy brief gives a snapshot of the brewing tension surrounding the GERD and some of the regional geopolitical concerns as well as an alternative for a workable solution.
Topic:
International Relations and Global Political Economy
Political Geography:
Ethiopia

9. After the TPP: What’s Next for Canada in Asia?

Author:
Hugh Stephens
Publication Date:
04-2017
Content Type:
Policy Brief
Institution:
Canadian Global Affairs Institute (CGAI)
Abstract:
The Trump administration’s arrival has scrambled the cards in the trade policy world. Not only will the North American Free Trade Agreement (NAFTA) be reopened with uncertain results, but President Donald Trump has scuttled the Trans-Pacific Partnership (TPP) by announcing the United States’ withdrawal from the agreement. Canada, originally cool toward the TPP, pushed hard to be included in it. The TPP became the centrepiece of Canada’s Asia trade strategy, notwithstanding some public ambivalence on the part of the Trudeau government. With the TPP in its present form now in limbo, Canada still has options in Asia. First, it can keep an open mind with regard to the possible reconstitution of the TPP in another form, such as “TPP Minus One” (i.e., minus the U.S.). It should also push to reopen the bilateral negotiations with Japan that were suspended when that country joined the TPP negotiations. Canada is already exploring the possibility of an economic partnership agreement with China, perhaps on a sectoral basis, and simultaneously, it should actively pursue negotiation of a free trade agreement with the Association of Southeast Asian Nations (ASEAN) community. This could in time provide Canada access to the Regional Comprehensive Economic Partnership Agreement (RCEP) currently being negotiated among 16 countries in the Asia-Pacific region and would position Canada well in the eventuality that a Free Trade Area of Asia-Pacific (FTAAP) emerges. In the meantime, uncertainty regarding NAFTA’s future needs to be addressed. This uncertainty makes it more difficult for Canada to attract Asian investment but it also provides further impetus for Canada to diversify its trading relationships and to explore stronger relationships with Asian economies.
Topic:
International Affairs and Global Political Economy
Political Geography:
Canada and Asia

10. ASEAN as an FDI Attractor: How Do Multinationals Look at ASEAN?

Author:
Masahito Ambashi
Publication Date:
01-2017
Content Type:
Policy Brief
Institution:
Economic Research Institute for ASEAN and East Asia (ERIA)
Abstract:
This policy brief presents an overview of the ASEAN economy in terms of its economic relationship with multinationals, particularly Japanese companies, that have long invested in this region. ASEAN has been an attractor of foreign direct investment (FDI). Business interest in ASEAN has increased again recently due to the (i) relatively low wage of ASEAN compared to China, (ii) establishment of the ASEAN Economic Community (AEC), (iii) economic partnership network with a core of ASEAN countries, (iv) large-scale market covered by ASEAN, and (v) rise of CLMV countries (Cambodia, Lao PDR, Myanmar, and Viet Nam). In these trends, ASEAN has established a reciprocal economic relationship with other countries and regions. To develop its economy, ASEAN member states are expected to further advance the AEC at a high level. Hence, ASEAN must address challenges such as deepening further economic integration and narrowing development gaps in the region. Most importantly, ASEAN still needs to increase the attractiveness of its 'whole region' as an essential and integral part of global value chains to draw further FDI.
Topic:
Economics, International Political Economy, International Trade and Finance, and Global Political Economy
Political Geography:
Japan and Southeast Asia

11. How not to create zombie banks: lessons for Italy from Japan

Author:
Mark Hallerberg and Christopher Gandrud
Publication Date:
03-2017
Content Type:
Policy Brief
Institution:
Bruegel
Abstract:
Japan serves as a cautionary tale for Italy on how to clean up banking-sector problems. A general lesson is the need for policies to forthrightly address non-performing loans (NPLs) in countries with widespread banking problems. This helps address zombie banks and sluggish economic growth. The Japanese experience indicates that three elements are necessary to address NPLs: (a) sufficiently capitalised banks that can take losses from NPL write-downs; (b) an independent regulator that can identify problems and force action; and (c) tools to manage the orderly disposal of NPLs. The problem is not that this combination of policy tools is unknown, but that banks and governments lack incentives to use them in combination. Italy’s December 2016 package providing €20 billion for recapitalisation of banks is a step in the right direction. Similarly, pressure from the European Central Bank on Italian authori- ties and on banks to address NPLs is welcome. However, policy tools to manage and dispose of NPLs and, just as importantly, incentives to use them, are lacking. In January 2017, the European Banking Authority published a set of policy proposals for NPL resolution. Those include national and European-level public asset management companies (AMC), also known as ‘bad banks’. We argue that in Italy, the incentives to use such tools and dispose of NPLs have been weak.
Topic:
International Trade and Finance, Political Economy, Economic structure, and Global Political Economy
Political Geography:
Japan and Italy

12. The rise of single motherhood in the EU: analysis and propositions

Author:
Sophie Heine
Publication Date:
05-2016
Content Type:
Policy Brief
Institution:
EGMONT - The Royal Institute for International Relations
Abstract:
This paper will address a rising issue within the EU – the increase of single parent families. Firstly, we will draw a general picture of the disadvantages faced by single parents and outline the possible causes of this phenomenon. Secondly, we will attempt to sketch possible alternative solutions that could inspire policymakers at the national and European levels. Both in our analysis and recommendations, we will put a particular emphasis on the dynamic role played by norms and representations.
Topic:
International Affairs and Global Political Economy
Political Geography:
Europe

13. Implications of Mega Free Trade Agreements for Asian Regional Integration and RCEP Negotiation

Author:
Fukunari Kimura and Lurong Chen
Publication Date:
03-2016
Content Type:
Policy Brief
Institution:
Economic Research Institute for ASEAN and East Asia (ERIA)
Abstract:
As mega free trade agreements (FTAs) are reshaping the rules of global governance, there is urgency for member states of the Association of Southeast Asian Nations (ASEAN) to take proper actions in response to the changing world economic order. On one hand, they should closely observe the progress of negotiations and follow up the issues that are under discussion in mega FTAs. On the other hand, they have to accelerate the pace in concluding the negotiations of the Regional Comprehensive Economic Partnership (RCEP).
Topic:
Economics, International Trade and Finance, and Global Political Economy
Political Geography:
Southeast Asia and Global Focus

14. TPP, IPR Protection, and Their Implications for Emerging Asian Economies

Author:
Fukunari Kimura, Lurong Chen, Maura Ada Iliuteanu, Shimpei Yamamoto, and Masahito Ambashi
Publication Date:
04-2016
Content Type:
Policy Brief
Institution:
Economic Research Institute for ASEAN and East Asia (ERIA)
Abstract:
Intellectual property rights (IPR) protection is essential for economic growth, innovation, and competitiveness. As the global economy is increasingly organised within global value chains, disciplining and enforcing IPR in a coherent manner internationally has become a critical issue in the 21st century trade system. The Trans-Pacific Partnership (TPP) agreement flags America's achievement in setting new standards on international IPR enforcement under a plurilateral framework that involves countries from Asia-Pacific. Yet such standards run the risk of becoming the new norm at the international level. Reaching agreement on the text of the TPP signals emerging Asian economies' heightened commitment to IPR enforcement. Some factors that policymakers may want to consider include the following: Efficient IPR protection at the domestic level is integral to efforts that facilitate technology adoption and stimulate incremental innovations. It is crucial to increase public awareness of intellectual property (IP) in general and its associated rights in particular. IP laws and regulations must at least meet the requirements of the Agreement on Trade-related Aspects of Intellectual Property Rights (TRIPS) and always aim for higher-level standards. IPR disciplines must be binding and practically enforceable. Asian countries should actively participate in global IPR rule-making. The abundance and quality of human capital will affect not only the level of invention and other innovative activities but also the efficiency of IPR enforcemen
Topic:
Emerging Markets, International Trade and Finance, and Global Political Economy
Political Geography:
Southeast Asia and Global Focus

15. India and APEC: Charting a Path to Membership

Author:
Anubhav Gupta
Publication Date:
03-2016
Content Type:
Policy Brief
Institution:
Asia Society
Abstract:
India’s membership in APEC would mitigate two significant problems: 1) India’s relatively poor integration into the global economy; and 2) the emergence of a divisive trade agenda in the Asia-Pacific. This issue brief outlines these challenges and highlights the obstacles and opportunities related to India’s inclusion in APEC. It concludes that this is the right time to start considering India’s membership in the forum and that a strategy is needed to chart a pathway for the country’s eventual accession to APEC.
Topic:
International Trade and Finance and Global Political Economy
Political Geography:
India

16. Combating Piracy in the Gulf of Guinea

Author:
Adeniyi Adejimi Osinowo
Publication Date:
02-2015
Content Type:
Policy Brief
Institution:
Africa Center for Strategic Studies
Abstract:
Despite earning the inauspicious title in recent years as the shipping corridor with the highest number of piracy attacks in the world, regional responses to piracy and maritime security threats in the Gulf of Guinea, have been fragmentary. Maritime domain awareness remains low, interagency coordination is limited, and intra-regional coordination mechanisms that have been established are often underfunded.
Topic:
International Security, International Affairs, and Global Political Economy
Political Geography:
Papua New Guinea

17. The Impact of China‐Africa Investment Relations: The Case of Madagascar

Author:
Jean Razafindravonona, Eric Rakotomanana, and Jimmy Rajaobelina
Publication Date:
07-2013
Content Type:
Policy Brief
Institution:
African Economic Research Consortium (AERC)
Abstract:
The rapid and spectacular expansion of the Chinese economy in the recent past is, for African countries, an opportunity to take advantage of not only in terms of strengthening the South-South cooperation, but also of developing African economies. It is thus important to define the channels through which African countries would do so. It is with this goal in mind that the African Economic Research Consortium (AERC) initiated the research project on the impact of the economic relation between China and sub-Saharan African countries.
Topic:
Development, Economics, International Political Economy, International Trade and Finance, Foreign Direct Investment, Global Political Economy, and Macroeconomics
Political Geography:
Africa, China, Asia, and Madagascar

18. The Impact of China‐Africa Trade Relations: The Case of the Republic of Congo

Author:
Jean‐Christophe Boungou Bazika
Publication Date:
07-2013
Content Type:
Policy Brief
Institution:
African Economic Research Consortium (AERC)
Abstract:
The relations between China and Congo are already old since they began in 1963. However since the beginning of the 2000s, the economic relations between the two countries are characterized by an unprecedented dynamism. Congo’s exports and imports with China recorded a leap of 179.38% and 309.21% respectively for the period 2001-2005. Such a trend pushed analysts to predict that the relations between Africa and China should have a significant impact and lead to upheavals in the structure of African economies. Two tendencies emerged in the literature: the first predicts that these relations would have a negative impact, in the sense that they would provoke a competition that African producers would not be able to bear. The second predicts that these relations would enable African countries to consolidate their growth, thanks to the diversification of trade and the installation of infrastructures which were lacking - such as roads, bridges, hydro-electric dams, drinking water purification plants, etc.
Topic:
Economics, International Political Economy, International Trade and Finance, Foreign Direct Investment, Global Political Economy, and Macroeconomics
Political Geography:
Africa, China, Asia, and Republic of Congo

19. Reducing Risks from Global Imbalances

Author:
Research and Policy Committee of the Committee for Economic Development
Publication Date:
09-2007
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
This report traces the evolution of the current large global trade and financial imbalances, examines their sources, and makes recommendations that, if adopted, will help ensure continued growth in the global economy.
Topic:
International Trade and Finance, Economy, Global Political Economy, and Risk
Political Geography:
Global Focus