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Begin New Search Topic Development Content Type Working Paper Publication Year within 25 Years

2011. Foreign Participation in Local-Currency Bond Markets

Author:
Francis E. Warnock and John D. Burger
Publication Date:
02-2004
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
We analyze the development of, and foreign participation in, 49 local bond markets. Countries with stable inflation rates and strong creditor rights have more developed local bond markets and rely less on foreign-currency-denominated bonds. Less developed bond markets have returns characterized by high variance and negative skewness, factors eschewed by U.S. investors. Results based on a three-moment CAPM indicate, however, that it is diversifiable idiosyncratic risk that U.S. investors appear to shun. Taken as a whole our results hint at a virtuous cycle of bond market development: Creditor friendly policies and laws can spark local bond market development that enables the development of derivatives markets and, in turn, attracts foreign participation.
Topic:
Development, Economics, Emerging Markets, and International Trade and Finance
Political Geography:
United States

2012. Making Doha a Developmental Round: What do the Developing Countries Want?

Author:
William Krist
Publication Date:
01-2004
Content Type:
Working Paper
Institution:
The Wilson Center
Abstract:
This report was prepared by William Krist, a Senior Policy Scholar at the Woodrow Wilson Center's Environmental Change and Security Project (ECSP). Mr. Krist is working on issues relating to trade and sustainable development. Before becoming a Woodrow Wilson scholar, Mr. Krist was senior vice president at the American Electronics Association, and prior to that, he had been Assistant Trade Representative for Industry in the Office of the U.S. Trade Representative. He has an MA in economics from George Washington University, and a BA from Swarthmore College.The Environmental Change and Security Project (ECSP) has been committed to exploration of the connections between environment, population and security since 1994. Through its meetings, its publications, its comprehensive Web site, and the original research carried out by its staff and scholars, ECSP serves as an information clearinghouse. ECSP is directed by Geoffrey D. Dabelko and is housed in the Wilson Center's Division of International Studies, headed by Robert S. Litwak.
Topic:
Agriculture, Development, Economics, International Trade and Finance, and Third World
Political Geography:
United States

2013. Peace-building and Development in Guatemala and Northern Ireland

Author:
Charles A. Reilly
Publication Date:
10-2004
Content Type:
Working Paper
Institution:
Kroc Institute for International Peace Studies, University of Notre Dame
Abstract:
Guatemala and Northern Ireland signed historic peace accords in 1996 and 1998 respectively. This paper, part of a longer term project comparing lessons learned from implementation in the two cases, focuses especially on Guatemala, making some middle range peace/development policy recommendations for that country's recently elected government and civil society organizations. Despite very different economic development levels, both countries are divided, find peace implementation difficult, and are heavily influenced by outside actors - including their own diaspora. Guatemala is deeply divided internally along class, race and ethnic lines, with more than 15% of its population in the U.S. (and close affinity with Mayan peoples who live across the Mexican border). Ireland too is divided along religious and ethnic lines, a border crosses the island. The North is linked politically to the United Kingdom, with social ties to emigrant populations there, in the south and in the United States. Guatemala, like its Central American neighbor El Salvador, embarked on peace-building with UN oversight, while the Northern Irish had United Kingdom and Irish Republic support for making peace. (Without pre-judging an eventual political resolution of the two Irelands, I'll refer to both Northern Ireland and the Irish Republic, since that peace process, like Guatemala's, necessarily transcends borders). When compared to Northern Ireland, Guatemalan religious differences are minor, and religious leaders, Catholic, Protestant and Mayan played key roles in the peace process. Emigration figures large in both settings, as do many centuries of colonial or imperial domination. Both countries have struggled with post-accord violence which has reached alarming levels in Guatemala. Peace and development are inseparable - hence I emphasize growth with equity issues that are cause and consequence of both conflicts.
Topic:
Development, Economics, and Peace Studies
Political Geography:
United States, United Kingdom, Europe, Central America, Mexico, and North Ireland

2014. The Inferior Performance of State Owned Enterprises: Is it due to Ownership or Market Structure?

Author:
Leo A. Grünfeld, Eskil Goldeng, and Gabriel R. G. Benito
Publication Date:
03-2004
Content Type:
Working Paper
Institution:
Norwegian Institute of International Affairs
Abstract:
We analyze differences in performance between private companies (PCs) and state owned enterprises (SOEs), with an emphasis on the effects of market structure. We use a panel covering all registered companies during the 1990s in Norway, a country where SOEs play an important role in regular markets. Return on assets as well as costs measures are used as measures of performance in models that investigate markets where SOEs and PCs actually compete with each other. Although market shares and concentration affect performance, ownership identity still explains most of the inferior performance among SOEs.
Topic:
Development, Economics, Emerging Markets, and Industrial Policy
Political Geography:
Norway

2015. The challenge of United Nations reform

Author:
Christian Reus-Sumit, Marianne Hanson, Hilary Charlesworth, and William Maley
Publication Date:
11-2004
Content Type:
Working Paper
Institution:
Australian National University Department of International Relations
Abstract:
The first half of the twentieth century saw multiple crises in the expanding international system, characterised most tragically and dramatically by two world wars, the Great Depression, and the Holocaust. In response, the international community engaged in history's most ambitious program of international institution building, a program that centred on the creation of the United Nations, the Bretton Woods institutions, and a plethora of functional regimes governing everything from arms control to the prohibition of genocide. Despite the impediments imposed by four decades of Cold War, these institutions have evolved into a complex global architecture of institutions which can claim partial yet significant credit for the decline in traditional interstate warfare, the containment of nuclear proliferation to a handful of states, management of the world economy, and the prosecution of an ever more comprehensive humanitarian agenda.
Topic:
Security, Development, Economics, and United Nations

2016. Whose Oceania? Contending Visions of Community in Pacific Region-building

Author:
Greg Fry
Publication Date:
10-2004
Content Type:
Working Paper
Institution:
Australian National University Department of International Relations
Abstract:
In the past year the 'war against terror' and perceptions of state failure within the post-colonial Pacific have sparked an Australian-led initiative to deepen and widen regional integration in Oceania. This paper argues that behind the seeming unanimity of the 2004 Auckland Declaration and agreement by Pacific Islands Forum leaders on a 'Pacific vision' and a 'Pacific plan' are several contending visions of regional community, and of community-building. The political and moral legitimacy of each vision depends significantly on how these visions answer the question of who is Oceania for, and who has the right to speak for it? The seemingly dominant vision (that of the Australian government) is problematic in this regard. Past practice of Pacific region-building suggests that it may therefore not receive the legitimacy it requires for sustainability. This therefore is in danger of producing an unintended consequence: the replication at a regional level of the legitimacy problem associated with the so-called failing state.
Topic:
International Relations, Development, Government, and Politics
Political Geography:
Australia/Pacific

2017. Rentier Shifts, Legitimacy, and the Social Sources of International Financial Hegemonie

Author:
Leonard Seabrooke
Publication Date:
09-2004
Content Type:
Working Paper
Institution:
Australian National University Department of International Relations
Abstract:
This paper provides an analysis of the domestic legitimation of 'financial reform nexuses' during two periods of English and US international financial hegemony. Following Max Weber's work on the state and finance, I argue that positive state intervention is required to legitimise a 'financial reform nexus' (the interrelation of credit, property, and tax politics) for people on below median income. I hypothesise that sufficient legitimation of a financial reform nexus provides the means to generate and sustain international financial hegemony, including the capacity to tailor the structure of the international financial order to suit the hegemon's interests. Conversely, if the hegemon is unable to sustain the legitimation of its domestic financial reform nexus-a choice that correlates with negative state intervention that supports a 'rentier shift'-its capacity to maintain international financial hegemony wanes. I draw from examples of the legitimation of financial reform nexuses in England (1900-15) and the US (1985-2000), linking domestic legitimation to consequent changes in the structure of the international financial order. Through this analysis of the social sources of English and US international financial hegemonies, I differentiate the English 'international rentier economy' from the US 'international creditor economy'. Finally, I stress the importance of positive state intervention for the legitimation of the US financial reform nexus.
Topic:
Development, Economics, Government, and International Trade and Finance
Political Geography:
England

2018. International Relations' First Great Debate: Context and Tradition

Author:
Darshan Vigneswaran and Joel Quirk
Publication Date:
08-2004
Content Type:
Working Paper
Institution:
Australian National University Department of International Relations
Abstract:
According to International Relations (IR) orthodoxy, the story of three Great Debates accounts for the most important theoretical developments in the discipline. Over the last decade, critical historiographers have established that the story of a First Debate, which tells of a struggle between idealism and realism between the 1920s and 1940s, is a misleading caricature of early academic international thought. This article adds to this critical literature by tracing the manner in which the story of a First Debate became a part of disciplinary orthodoxy between the 1950s and 1980s. Our analysis reveals that a myth of a First Debate was produced when more recent scholars detached the concept of a struggle between idealism and realism from both the unique historical milieu in which this dichotomy was conceived, and the rhetorical purposes for which it was employed. We use these findings to make the case for a contextual approach to disciplinary historiography, and to illuminate the historical contingency of contemporary notions of scholarly purpose in IR.
Topic:
International Relations, Development, and Education

2019. Protect or Neglect? Toward a More Effective United Nations Approach to the Protection of Internally Displaced Persons

Author:
Simon Bagshaw and Diane Paul
Publication Date:
11-2004
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
In theory it seems quite straightforward. All United Nations humanitarian and development agencies have a role to play in ensuring respect for the human rights of persons who have become, or are at risk of becoming, displaced within the borders of their own country as a result of armed conflict and human rights violations.
Topic:
Development, Human Welfare, Third World, and United Nations

2020. The Euro-Med Partnership and Sub Regionalism: A Case of Region Building?

Author:
Stephen C. Calleya
Publication Date:
04-2004
Content Type:
Working Paper
Institution:
Institute of European Studies (IES), UC Berkeley
Abstract:
Stephen Calleya focuses on sub-regionalism as a tool of region building within the EMP. This paper's main concern is the question of whether, in view of the present EMP difficulties, subdividing the southern Mediterranean into various sub-regions (such as the Maghreb and the Mashreq) may be an efficient tool of region building. By taking account of regional relations among southern Mediterranean states and sub-regional initiatives, Calleya discusses several options and conditions under which sub-regionalism within the EMP could contribute to Euro- Mediterranean region building. Calleya argues that if the EU is serious about having a significant positive impact on regional integration in the Mediterranean in the short term, it is necessary to develop an adequate strategy for supporting more directly all regional sub-groupings in the southern Mediterranean.
Topic:
International Relations and Development
Political Geography:
Europe and Maghreb