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10962. China in Africa: A Macroeconomic Perspective
- Author:
- Benedicte Vibe Christensen
- Publication Date:
- 11-2010
- Content Type:
- Working Paper
- Institution:
- Center for Global Development
- Abstract:
- In recent years, China has dramatically expanded its financing and foreign direct investment to Africa. This expansion has served the political and economic interests of China while providing Africa with much-needed technology and financial resources. This paper looks at China's role in Africa from the Chinese perspective. The main conclusion is that China, as an emerging global player and one of Africa's largest trading and financial partners, can no longer ignore the macroeconomic impact of its operations on African economies. Indeed, it is in China's interest that its engagement leads to sustainable economic development on the continent. Trade, financing, and technology transfer must continue at a pace that African economies can absorb without running up against institutional constraints, the capacity to service the costs to future budgets, or the balance of payments. A key corollary is that China should show good governance in its own operations in Africa. Finally, macroeconomic analysis needs to be supported by better analytical data and organization of decision making to support China's engagement in Africa.
- Topic:
- Development and Foreign Direct Investment
- Political Geography:
- Africa and China
10963. The Economics of Population Policy for Carbon Emissions Reduction in Developing Countries
- Author:
- David Wheeler and Dan Hammer
- Publication Date:
- 11-2010
- Content Type:
- Working Paper
- Institution:
- Center for Global Development
- Abstract:
- Female education and family planning are both critical for sustainable development, and they obviously merit expanded support without any appeal to global climate considerations. However, even relatively optimistic projections suggest that family planning and female education will suffer from financing deficits that will leave millions of women unserved in the coming decades. Since both activities affect fertility, population growth, and carbon emissions, they may also provide sufficient climate-related benefits to warrant additional financing from resources devoted to carbon emissions abatement. This paper considers the economic case for such support. Using recent data on emissions, program effectiveness and program costs, we estimate the cost of carbon emissions abatement via family planning and female education. We compare our estimates with the costs of numerous technical abatement options that have been estimated by Nauclér and Enkvist in a major study for McKinsey and Company (2009). We find that the population policy options are much less costly than almost all of the options Nauclér and Enkvist provide for low-carbon energy development, including solar, wind, and nuclear power, second-generation biofuels, and carbon capture and storage. They are also cost-competitive with forest conservation and other improvements in forestry and agricultural practices. We conclude that female education and family planning should be viewed as viable potential candidates for financial support from global climate funds. The case for female education is also strengthened by its documented contribution to resilience in the face of the climate change that has already become inevitable.
- Topic:
- Agriculture, Climate Change, Development, Gender Issues, and Third World
- Political Geography:
- Africa
10964. Living Standards in an Ageing, Greener, Knowledge Economy: Towards a period of lean cows?
- Author:
- Jørgen Mortensen
- Publication Date:
- 12-2010
- Content Type:
- Working Paper
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- This paper provides evidence on past growth of productivity, analysing the evolution of labour productivity, capital deepening and multi-factor productivity. Based on a literature review of recent studies, it shows that economic growth is increasingly attributable to the accumulation of intangible capital and that consequently, an increasing share of conventionally measured rise in labour productivity has, in fact, been ploughed back into the economy as intangible capital formation. In addition, it shows that on average for the developed countries examined, the growth of total factor productivity has been the main determinant of the increase in living standards over the 50 years from 1960 to 2010. It also demonstrates a striking slowdown in the growth of both productivity and living standards during this period. Looking ahead, it argues that the period 2010 to 2030 is likely to see a considerable expansion of tangible and intangible capital formation and lower growth of multi-factor productivity. The paper therefore concludes that over the next 20 years the scope for growth in living standards in the developed economies will be very limited, on average around half a percent per annum, with serious consequences for social conditions and a likely aggravation of inequalities.
- Topic:
- Economics, Globalization, Human Welfare, and Labor Issues
- Political Geography:
- Europe
10965. CO2 Highways for Europe: Modelling a Carbon Capture, Transport and Storage Infrastructure for Europe
- Author:
- Johannes Herold, Roman Mendelevitch, Pao-Yu Oei, and Andreas Tissen
- Publication Date:
- 11-2010
- Content Type:
- Working Paper
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- We present a mixed integer, multi-period, cost-minimising model for a carbon capture, transport and storage (CCTS) network in Europe. The model incorpor ates endogenous decisions about carbon capture, pipeline and storage investments. The capture, flow and injection quantities are based on given costs, certificate prices, storage capacities and point source emissions. The results indicate that CCTS can theoretically contribute to the decarbonisation of Europe's energy and industrial sectors. This requires a CO2 certificate price rising to €55 per tCO2 in 2050, and sufficient CO2 storage capacity available for both on- and offshore sites. Yet CCTS deployment is highest in CO2-intensive industries where emissions cannot be avoided by fuel switching or alternative production processes. In all scenarios, the importance of the industrial sector as a first-mover to induce the deployment of CCTS is highlighted. By contrast, a decrease in available storage capacity or a more moderate increase in CO2 prices will significantly reduce the role of CCTS as a CO2 mitigation technology, especially in the energy sector. Furthermore, continued public resistance to onshore CO2 storage can only be overcome by constructing expensive offshore storage. Under this restriction, reaching the same levels of CCTS penetration would require a doubling of CO2 certificate prices.
- Topic:
- Climate Change, Energy Policy, Industrial Policy, and Science and Technology
- Political Geography:
- Europe
10966. Carbon Capture, Transport and Storage in Europe: A problematic energy bridge to nowhere?
- Author:
- Christian von Hirschhausen, Johannes Herold, and Sophia Rüster
- Publication Date:
- 11-2010
- Content Type:
- Working Paper
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- This paper summarises the findings of work package 5.3 of the SECURE project, with regard to the role of carbon capture, transport and storage (CCTS) for the future European supply security of coal. The real issue in European supply security with respect to coal is the absence of an economically and politically sustainable use of coal for electricity, liquefaction, gasification, etc. Whereas earlier papers delivered for work package 5.3 on the coal sector indicated that there are few risks to the European energy supply of (steam) coal, there is an implicit supply security threat, i.e. that coal will no longer be an essential element of European energy supply because the CCTS rollout will be delayed or not be carried out at all. This thesis is substantiated in this subsequent paper, with more technical details and some case study evidence.
- Topic:
- Security, Economics, and Energy Policy
- Political Geography:
- Europe
10967. Is the euro really a 'teuro'? Effects of introducing the euro on prices of everyday non-tradables in Slovakia
- Author:
- Miroslav Beblavý
- Publication Date:
- 11-2010
- Content Type:
- Working Paper
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- This paper looks at the Slovak experience with euro adoption from the point of view of perceived versus actual inflation and with a focus on a specific set of non-tradable prices. It examines whether Slovak consumers experienced or perceived (or both) an unusual price jump at the time of euro adoption and the possible explanations for such a phenomenon.
- Topic:
- Economics and Monetary Policy
- Political Geography:
- Slovakia
10968. A Third Lebanon War: CPA Contingency Planning
- Author:
- Daniel C. Kurtzer
- Publication Date:
- 07-2010
- Content Type:
- Working Paper
- Institution:
- Council on Foreign Relations
- Abstract:
- Lebanon has been a flashpoint for Arab-Israeli violence and military confrontations since the mid1970s. Its political system is weak and outside parties continue to vie for political advantage as part of a larger regional conflict. In particular, Syria and Iran provide support for the militant Islamist group Hezbollah as a strategic asset to pressure Israel. Hezbollah now controls most of southern Lebanon, while its political wing has developed a strong presence in the Lebanese parliament. In July and August 2006, Israel and Hezbollah fought what became known as the “Second Lebanon War,” which killed and displaced many thousand s of people and destroyed much of Lebanon's infrastructure. Since then Hezbollah has steadily rearmed in contravention of UN Security Council Resolution 1701, which requires, inter alia, “the disarmament of all armed groups in Lebanon, so that, pursuant to the Lebanese cabinet decision of July 27, 2006, there will be no weapons or authority in Lebanon other than that of the Lebanese state” and “no sales or supply of arms and related materiel to Lebanon except as authorized by its government.” Hezbollah's arsenal is more potent in quantity and quality today than it was in 2006. Although the border area between Israel and Lebanon is quieter than at any time in the previous decade, speculation that a third Lebanon war will occur in the next twelve to eighteen months has been steadily rising. Israel could decide the security threat posed by Hezbollah has reached intolerable levels and take preemptive military action. Hezbollah, while outwardly showing no interest in confronting Israel at this time, may for various reasons choose or be pressured by Iran to flex its new military capabilities. As happened in 2006, even small-scale military engagements with limited objectives can escalate into a major conflict. Whatever the precipitating reasons, a new conflict over Lebanon would have significant implications for U.S. policy and interests in the region.
- Topic:
- Conflict Prevention, War, Armed Struggle, and Counterinsurgency
- Political Geography:
- United States, Middle East, Israel, Arabia, United Nations, Lebanon, and Syria
10969. Electoral Violence in Nigeria: CPA Contingency Planning
- Author:
- John Campbell
- Publication Date:
- 09-2010
- Content Type:
- Working Paper
- Institution:
- Council on Foreign Relations
- Abstract:
- Nigeria is a country of overlapping regional, religious, and ethnic divisions. Rifts between the North and the South of the country, ethnic groups, and Islam and Christianity often coincide and have sometimes resulted in sectarian violence. This has been the case particularly in its geographical center and in the Niger Delta region. In the Middle Belt, as the former is called, bouts of retributive bloodshed between Christian farmers and Muslim pastoralists erupt with some frequency. In the Niger Delta, an insurrection against the Abuja government has been raging for more than a decade over regional, ethnic, and environmental grievances. In all, credible observers ascribe over twelve thousand deaths since 1999 to ethnic, religious, and regional conflict in Nigeria.
- Topic:
- Political Violence, Democratization, Ethnic Conflict, and Sectarian violence
- Political Geography:
- Africa and Nigeria
10970. Military Escalation in Korea: CPA Contingency Planning
- Author:
- Paul B. Stares
- Publication Date:
- 11-2010
- Content Type:
- Working Paper
- Institution:
- Council on Foreign Relations
- Abstract:
- Tensions ran perilously high on the Korean peninsula in the months after the sinking of the South Korean warship Cheonan on March 26, 2010, which claimed the lives of forty-six sailors. An international investigation subsequently attributed the incident to a North Korean torpedo attack, prompting both South Korea and the United States to impose new punitive measures on the regime in Pyongyang and to conduct a series of high-profile naval exercises to deter further provocations. These actions elicited an especially vituperative response from North Korea, including the threat to unleash a “retaliatory sacred war.”
- Topic:
- Conflict Prevention and War
- Political Geography:
- United States, Israel, Asia, South Korea, and North Korea