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1. The EU–US Data Protection Framework: Balancing Economic, Security and Privacy Considerations

Author:
Federica Marconi
Publication Date:
09-2023
Content Type:
Commentary and Analysis
Institution:
Istituto Affari Internazionali
Abstract:
The rapid evolution of digital technology has ushered in a data-centric economy, where data accessibility drives marketplace efficiency and economic growth across various industries. However, this shift, while offering numerous benefits, introduces significant privacy and data security challenges, particularly in the context of transatlantic data transfers. Considering the vast economic ties between the EU and the US, the transatlantic data flow vividly illustrates the complexities involved in governing and transferring data. It grapples with the ongoing challenge of striking a satisfactory balance between economic advantages stemming from data utilisation and various concerns pertaining to national security, digital sovereignty and individual rights. In recent years, the European Commission approved two different frameworks on transatlantic data flow – Safe Harbour in 2000[1] and Privacy Shield in 2016[2] – asserting that the US provided a level of data protection for data transfers essentially equivalent to that guaranteed in the EU. However, despite initial optimism, both adequacy decisions faced a significant setback when the Court of Justice of the European Union invalidated them in what is commonly referred to as the “Schrems saga”,[3] named after the Austrian activist who first challenged both frameworks before the European Court. The core arguments centred on the absence of adequate safeguards for personal data within US domestic law and the extent of state surveillance over such data when it was transferred, as initially disclosed by Edward Snowden in 2013.[4] This legal development led to a period of significant uncertainty and further heightened the ongoing debate concerning the regulation of transatlantic data transfer. To address the consequences of this legal turmoil, both EU and the US committed to establishing “a renewed and sound framework for transatlantic data flows”,[5] seeking a long-term solution to address the complexities of data privacy and security, eventually leading to the recently adopted EU–US Data Privacy Framework (“DPF”).
Topic:
Security, Economics, Political Economy, European Union, Privacy, Transatlantic Relations, and Digital Policy
Political Geography:
Europe and United States of America

2. To Deal or Not to Deal: How to Support Tunisia out of Its Predicament

Author:
Michaël Ayari and Riccardo Fabiani
Publication Date:
12-2023
Content Type:
Commentary and Analysis
Institution:
Istituto Affari Internazionali
Abstract:
Tunisia is beset by deepening political and economic challenges. President Kais Saied is transforming the country’s parliamentary system into an authoritarian presidential one that has become increasingly repressive. Arrests and convictions of opposition politicians have surged. Saied’s aggressive anti-foreigner discourse has fuelled xenophobic sentiment and contributed to a spike in violent attacks against sub-Saharan migrants. Economically, Tunisia is grappling with the fallout of a decade of sluggish growth compounded by a series of economic shocks since 2020. The nation’s public debt has soared, with significant debt repayments looming. As the country tries to deal with mounting financial constraints, its inability to attract foreign loans is further clouding its economic future. Saied now must decide whether to embrace a credit agreement with the International Monetary Fund (IMF) or potentially default on Tunisia’s foreign debt. Against this backdrop, the EU and, in particular, Italy have a pivotal role to play. They can either help steer Tunisia toward a more stable economic future or watch it descend into chaos.
Topic:
Economics, Foreign Aid, European Union, and IMF
Political Geography:
North Africa and Tunisia

3. Between Geopolitics and Geoeconomics: The Growing Role of Gulf States in the Eastern Mediterranean

Author:
Adel Abdel Ghafar
Publication Date:
02-2021
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
The role played by countries of the Gulf Cooperation Council (GCC) in the Eastern Mediterranean is becoming increasingly important. This calls for an assessment of their evolving relationship with countries in the region, as well as their involvement in the Libyan conflict. Increased involvement by Gulf actors may inflame existing regional rivalries and geopolitical tensions. The interests of GCC countries in the Eastern Mediterranean are first analysed in the broader context of regional rivalries. Special attention is then devoted to Egypt, Libya, Lebanon, Greece and Cyprus, while considering the role of other key regional actors such as Turkey and Israel. Recommendations on why and how the new US administration should intervene to decrease regional tensions are provided. Paper prepared in the framework of the IAI-Eni Strategic Partnership, January 2021.
Topic:
Economics, Geopolitics, and Rivalry
Political Geography:
Turkey, Middle East, Israel, Greece, Libya, Lebanon, Egypt, Cyprus, Mediterranean, and Gulf Nations

4. EU–Africa Partnership on Migration and Mobility in Light of COVID-19: Perspectives from North Africa

Author:
Mehdi Lahlou
Publication Date:
02-2021
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
The coronavirus pandemic has turned into a global economic crisis with severe social effects in the least developed countries, particularly in Africa. Pre-existing challenges related to widespread poverty, demographic growth, food insecurity and governance issues have been exacerbated by the pandemic. While migration remains one of the key elements of the partnership agenda between Africa and the European Union, the aggravating socioeconomic situation in the African continent due to the impact of COVID-19 and its implications for migration dynamics requires going beyond business-as-usual approaches. The renewed scenario calls for a more comprehensive and development-oriented approach to migration, requiring new policy initiatives addressing the wider set of conditions that, beyond constituting developmental challenges in their own right, also drive migration in North Africa as well as in Sub-Saharan African countries.
Topic:
Economics, Migration, European Union, Mobility, Asylum, and COVID-19
Political Geography:
Africa, Europe, and North Africa

5. Critical Juncture in Cyprus Negotiations

Author:
Nilgün Arısan and Atila Eralp
Publication Date:
05-2016
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
The negotiations in Cyprus are at yet another critical juncture. Time is running short for a comprehensive settlement on the island. The present conducive environment is not likely to last indefinitely, as has been observed in previous rounds of negotiations. In fact, the Cyprus negotiations reflect some clear missed opportunities. Much valuable time has been spent on this process, and it should be apparent to all that drawing out the negotiations benefits no one. All actors involved should at this point be seeking a rapid conclusion of the talks.
Topic:
Economics, International Trade and Finance, and Treaties and Agreements
Political Geography:
Cyprus

6. Bracing for Cold Peace. US-Russia Relations after Ukraine

Author:
Ondrej Ditrych
Publication Date:
02-2015
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
The crisis in Ukraine has turned the tables of the post-Cold War relationship between the United States and Russia. The ongoing transformation can result in a number of outcomes, which can be conceived in terms of scenarios of normalisation, escalation and 'cold peace' - the latter two scenarios being much more probable than the first. NATO ought to shore up its defences in Central and Eastern Europe while Washington and its allies engage in a comprehensive political strategy of 'new containment'. This means combining political and economic stabilisation of the transatlantic area with credible offers of benefits to partners in the East and pragmatic relations with Russia which are neither instrumentalised (as was the case with the 'reset') nor naïvely conceived as a 'partnership'.
Topic:
International Relations, NATO, Cold War, and Economics
Political Geography:
Russia, United States, Europe, Washington, and Ukraine

7. Financing SMEs in Europe: Stylised Facts, Policies, Challenges

Author:
Daniele Ciani, Paolo Finaldi Russo, and Valerio Vacca
Publication Date:
12-2015
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
This paper describes the main features of European SMEs’ financial behaviour and the policies recently put in place to support their funding. European SMEs are structurally more leveraged and charged with higher interest rates than large firms. Moreover, the crisis has deeply affected their fund-raising capacity, as banks reduced credit supply while non-bank funding was unavailable to most SMEs. Against this background, EU has focussed its policies on long-term investment and on a more favourable environment for SMEs financing, including through the launch of the Capital Markets Union. At the national level, most governments have provided guarantees and enhanced the role of national development banks. Nevertheless, key issues are still outstanding, such as the funding of innovative firms and the improvement of transparency and of the legal and regulatory frameworks.
Topic:
Economics, International Trade and Finance, Markets, and European Union
Political Geography:
Europe
Publication Identifier:
978-88-98650-71-2
Publication Identifier Type:
ISBN

8. Russia's Pivot to Asia: Myths and Realities

Author:
Daniele Fattibene
Publication Date:
11-2015
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
Russia’s “pivot to Asia” has come to the fore in the wake of the crisis over Ukraine. Growing tensions with the West over the common neighbourhood, coupled with economic sanctions, have accelerated this trend, with China gaining in strength as both an economic and military partner to Moscow. The Kremlin’s propaganda has sought to convince the broader public that Russia’s strategies in Eastern Europe, Central Asia and the Arctic region are a complement to China’s new Silk Road Economic Belt. Nonetheless, behind the headlines huge potential problems jeopardise the emergence of a durable Sino-Russian consensus in Eurasia. Against this backdrop, the EU should opt for “strategic patience.” This would be a far more effective policy choice than finger pointing, which only deepens the mutual ideological clash between the EU and Russia.
Topic:
Diplomacy, Economics, International Trade and Finance, Bilateral Relations, and Sanctions
Political Geography:
Russia, China, and Asia
Publication Identifier:
978-88-98650-69-9
Publication Identifier Type:
ISBN

9. The Outlook for Algeria

Author:
Joffé George
Publication Date:
10-2015
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
Algeria today faces a triple crisis. The collapse in global oil prices during 2014 and 2015 has meant that its economic future is potentially extremely sombre. In political terms, the regime faces a complex and uncertain transition as the Bouteflika era comes to an end. Moreover, Algeria’s security environment is threatening, given the chaos in Libya, the emergence of extremism in Tunisia and the ongoing violence in northern Mali because of the extremist groups located there. This situation is further complicated by the persistence of “residual terrorism,” as the government terms it, inside Algeria itself and the chronic crisis with Morocco over the latter’s annexation of the Western Sahara in 1975. This paper analyses each of these factors in turn before seeking to outline short- to medium-term scenarios for the future.
Topic:
Security, Economics, Islam, Oil, and Terrorism
Political Geography:
North Africa
Publication Identifier:
978-88-98650-62-0
Publication Identifier Type:
ISBN

10. China's New Silk Road Initiative

Author:
Zhao Minghao
Publication Date:
10-2015
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
The European Council has mandated the High Representative of the Union for Foreign Affairs and Security Policy, Federica Mogherini, to draft a Global Strategy by June 2016. Given Europe’s status as a global power, such a strategy must respond to Europe’s own challenges as well as to the new grand strategies of other major players in world politics, like China. To better understand the central tenets of the Chinese leadership’s strategic thinking, two keywords are most important – the “Four Comprehensives” and the “One Belt and One Road” (OBOR). As an initiative mainly focusing on promoting Eurasian integration and reshaping Chinese geo-economic advantages, the OBOR is highly consequential to China’s interactions with Europe and the rest of the world at large in the decades to come. How to take advantage of the OBOR, create new EU-China synergies, and tackle relevant challenges are questions the EU leaders should be attentive to.
Topic:
Economics, International Cooperation, International Trade and Finance, Markets, and Bilateral Relations
Political Geography:
Europe and Asia
Publication Identifier:
978-88-98650-61-3
Publication Identifier Type:
ISBN

11. Delivering the Revolution? Post-uprising Socio-economics in Tunisia and Egypt

Author:
Maria Cristina Paciello
Publication Date:
02-2014
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
Two years after the popular mobilisations in Egypt and Tunisia of early 2011, post-uprising authorities, including the Islamist parties that came to power, have failed to deliver on the demands for social justice that triggered those protests. They have responded to past and present socio-economic challenges by adopting measures that are in clear continuity with previous regimes and lacking any coherent long-term vision of economic reform. Indeed, albeit with differences between the two countries, post-uprising authorities, lacking experience and competence, have not fully broken with the old system in reconfiguring power relations within and outside state institutions and have continued to adopt a top-down approach to economic decision-making.
Topic:
Economics
Political Geography:
Egypt and Tunisia

12. Ennahda Islamists and the Test of Government in Tunisia

Author:
Laura Guazzone
Publication Date:
02-2014
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
After winning the 2011 elections, the Ennahda Islamist Party was the majority partner in successive coalition governments, whose poor performance - namely in the economic and security fields - disappointed the people's high post-revolutionary expectations. Opponents accused Ennahda of incompetence, greed for power and double talk. Many of the Ennahda-led governments' failures were due to factors beyond their control, but some did indeed depend on Ennahda's own political weaknesses. Nevertheless, Ennahda contributed positively to the overall development of Tunisia's political transition thanks to its moderation and pragmatism and its contribution remains paramount for the democratic consolidation of Tunisia and other political Islamic actors.
Topic:
Security, Economics, Government, and Islam
Political Geography:
Tunisia

13. Second Revolution on Euromaidan: What Next for Ukraine?

Author:
Nona Mikhelidze
Publication Date:
02-2014
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
The rapid succession of events in Ukraine is impressive but the story is far from over: the state faces an economic crisis and the risk of default; pro-Russian separatism in Crimea threatens the territorial integrity of the country. How should the new government deal with these old challenges and what role could be envisaged for the EU and the US to assist Ukraine in this difficult moment of its statehood? The main objective of the Ukrainian government should be to stand united to overcome the monumental economic, social and political crisis. The EU and the US should encourage coalition-building initiatives to achieve this end. As for the separatist claims, Kiev needs to be more proactive in accommodating minority rights, while the EU should boost people-to-people contacts and promote cooperation between western and eastern Ukrainian civil society. In order to encourage long-lasting political and social reforms, the EU should begin to talk about Ukraine's membership perspective. On the international level, the West should acknowledge that Russia is part of the problem, but also an indispensable part of the solution. Securing Ukraine's integration within the EU, but maintaining the neutrality of its security posture may be a possible way out.
Topic:
Conflict Resolution, Political Violence, Economics, and Sovereignty
Political Geography:
United States and Ukraine

14. Turkey's Energy Strategy and its Role in the EU's Southern Gas Corridor

Author:
Erkan Erdogdu
Publication Date:
02-2014
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
The Southern Gas Corridor (SGC) is a European Commission initiative aimed at facilitating the diversification of the routes and sources of gas imported into Europe. This paper is devoted to the analysis of Turkey's role in this initiative. Following a summary of the current economic and energy situation in Turkey, the paper presents recent developments in the SGC and an analysis of Turkey's role in the EU's SGC vision. It concludes that although the newly-built infrastructure within the SGC framework will probably serve Azerbaijani and Turkish interests first in their future relations with the EU, rather than the other way round, as had been initially hoped by the EU, it still addresses the EU's basic strategic interests, namely, the diversification of gas supply routes and suppliers.
Topic:
Economics, International Trade and Finance, and Natural Resources
Political Geography:
Russia, United Kingdom, Europe, Turkey, Asia, and Netherlands

15. Caspian Gas, TANAP and TAP in Europe's Energy Security

Author:
Ariel Cohen
Publication Date:
04-2014
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
Russia's occupation of the Crimea and possible incorporation of Eastern Ukrainian regions demonstrated Europe's vulnerability to Gazprom's energy power. Whatever the EU's reactions, diversification of energy supply to diminish Russia's market share is likely to be one of them. TAP is one step towards the strategic goal of diminishing Gazprom's huge presence in Europe. But in view of the proposed construction of the Russian South Stream, how could Central Europe, and especially Bulgaria, Romania, Austria and Lithuania, ensure energy diversification? What next for the Southern Corridor? Is Russia going to accept and tolerate infrastructure growth of the Caspian and other competitors south of its borders?
Topic:
Economics, Energy Policy, and Markets
Political Geography:
Russia, Europe, Lithuania, Bulgaria, Romania, and Austria

16. Egypt's Future: Yet Another Turkish Model?

Author:
Robert D. Springborg
Publication Date:
03-2014
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
The Turkish model deemed most relevant to 2011-12 post-Mubarak Egypt was the Islamist-led transformation of the polity and economy that occurred following the rise to power of the Justice and Development Party (AKP) in the 2002 general election. As it transpired, this version of the Turkish model lasted but one year before another took its place. That model was the political project of the Turkish military that seized power in September 1980. This thirty-one year old Turkish model of a constitutionally empowered executive body, controlled by the military appears to have trumped the contemporary, Islamist one in Egypt. But the Turkish military coup of 1980 unwittingly and unintentionally laid the groundwork for the transition that ultimately swept it from power and its leaders into jail. The pertinent question then is will Egypt's civilian political and economic actors be similarly and sufficiently astute to exploit the opportunities they inevitably will have even under military rule? Egyptian political forces will inevitably mount serious challenges as they did in Turkey. In Egypt, however, the domestic and regional political and economic contexts are so different from those in Turkey that the outcome of the struggle for power between civilians and the military are likely to deviate substantially from this Turkish model.
Topic:
Economics and Islam
Political Geography:
Turkey and Egypt

17. 'Broken and Can't Be Fixed': The Impact of the Economic Crisis on the Greek Party System

Author:
Susannah Verney
Publication Date:
03-2014
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
The Greek election of May 2012 failed to produce a government, resulting in repeat elections six weeks later. This shock outcome was a symptom of a broader delegitimation of the national political system. Over the past decade Eurobarometer data show a much more extensive loss of confidence in political institutions in Greece than in the European Union as a whole. In a first phase, rising political discontent was managed within the traditional political framework through alternation in power between the two major parties. In contrast, the second phase, following the outbreak of the Greek sovereign debt crisis, led to the dramatic fragmentation of the party system and changed the mode of government formation. This process is not reversible and entails serious democratic dangers.
Topic:
Debt, Economics, and Government
Political Geography:
Europe and Greece

18. The Five Star Movement: Exception or Vanguard in Europe?

Author:
Lorenzo Mosca
Publication Date:
03-2014
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
The enduring economic crisis, austerity measures and corruption scandals have created a favourable environment for the advent of new political actors all over Europe. During the last general elections (February 2013), Italy was shocked by the inexorable rise of the Five Star Movement. Beppe Grillo's creature upset the political system, occupying portions of the public sphere that had been ignored (the web) or gradually abandoned by traditional political parties (the squares). Its unusual campaigning style, its internet-based organisational structure, its atypical political positioning (beyond left and right), and its oversimplification of complex problems all help to explain its electoral performance, and distinguish it from similar anti-establishment parties that have emerged in Europe over the past decade.
Topic:
Corruption, Economics, and Environment
Political Geography:
Europe and Italy

19. America's Mega-Regional Trade Diplomacy: Comparing TTP and TTIP

Author:
Daniel S. Hamilton
Publication Date:
03-2014
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
The United States is currently negotiating two massive regional economic agreements, one with 11 Asian and Pacific Rim countries and the other with the 28-member European Union. The Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP) herald a substantial shift in US foreign economic policy as Washington turns its focus from the stalemated Doha Round of multilateral trade negotiations and scattered bilateral trade agreements to 'mega-regional' trade diplomacy. As the only party to both negotiations, Washington seeks to leverage issues in one to advance its interests in the other, while reinvigorating US global leadership.
Topic:
Diplomacy and Economics
Political Geography:
United States, Europe, Washington, and Asia

20. Iran-US Relations in the Light of the Nuclear Negotiations

Author:
Kayhan Barzegar
Publication Date:
09-2014
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
The nuclear negotiations between Iran and EU3+3 have provided the grounds for establishing direct talks between Iran and the United States, subsequently creating a positive prospect for solving the Iranian nuclear standoff after a decade of negotiations. The effect of economic sanctions and political change in Iran have made it possible to bring an important foreign policy issue into domestic politics discourses. The fact that the nuclear negotiations put Iran in a position comparable to the other world powers strengthened a sense of movement towards a win-win situation among Iranian political forces. All of this created a relative political consensus among Iran's ruling elites regarding the need to initiate direct talks with the United States in order to solve the Iranian nuclear standoff. The nuclear programme is also linked with the regional equation, the result of which has been the emergence of a new kind pragmatism in the conduct of Iranian regional policy in hope of revising Iran's place in US Middle East policy.
Topic:
Economics and Sanctions
Political Geography:
United States, Iran, and Middle East

21. Obama's Iranian Gamble

Author:
Sanam Vakil
Publication Date:
09-2014
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
US-Iranian relations have been stalled for over three decades due to missteps in timing, distrust, hostility and ideological differences between Tehran and Washington. Six American presidents have experimented with different political and economic tools in an effort to reverse Iranian support for terrorist groups, its opposition to Israel and its pursuit of a nuclear programme. President Barack Obama's direct engagement with Tehran to end the nuclear standoff is a first step towards improved relations between two estranged countries that share a number of mutual interests.
Topic:
Economics
Political Geography:
Iran, Washington, and Tehran

22. Catalan Secessionism: Young People's Expectations and Political Change

Author:
Montserrat Guibernau
Publication Date:
09-2014
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
Various factors have triggered the recent shift from devolution to secession in Catalonia: the Aznar government's lack of response to demands for greater autonomy for Catalonia, the legal challenging of the 2006 Statute of Autonomy of Catalonia and, increasingly, economic arguments as Catalan society endures a harsh economic crisis. After evaluating the impact of the Spanish transition to democracy upon younger generations' expectations regarding the meaning and content of democracy in post-Franco Spain, it is argued that democracy based upon 'consensus' rather than 'majoritarian democracy' would be better suited to respond to national minorities' demands in Spain.
Topic:
Economics, Government, and Political Theory
Political Geography:
Spain

23. Is the European Model Relevant for ASEAN?

Author:
Eleonora Poli
Publication Date:
11-2014
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
Before the 1997 economic crisis in Asia, the institutional evolution of the Association of Southeast Asian Nations (ASEAN) was very different from the European model. The economic downturn in the late 1990s and the global shift toward a neo-liberal economic era urged ASEAN countries to rethink their regional integration strategy and to mimic some of the institutional models in Europe. In light of this, this paper analyses the rationale behind the evolution of ASEAN since the late 1990, evaluating how and why the organization on a surface replicated aspects of the EU model without engaging in meaningful supranational institutionalization.
Topic:
Economics, Regional Cooperation, and Governance
Political Geography:
Europe and Asia

24. European Banking Union: An Immediate Tool for Euro Crisis Management and a Long-Term Project for the Single Market

Author:
Giulia Rosa Maria Cavallo
Publication Date:
10-2014
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
After the adoption of a single monetary policy which commits the European Central Bank to maintaining the euro's purchasing power and price stability in the Eurozone, the European Union is facing a new, but equally fundamental challenge: the implementation in a relatively short time of the so-called "Banking Union". Its purpose is twofold: (1) breaking the link between banking and sovereign risk, with the ultimate goal of achieving full protection of EU savers in the event of a crisis; and (2) ensuring uniformity of credit conditions - which are still too fragmented - within the European banking market, to ensure greater EU integration of the financial system. Starting from the Communication in which the European Commission stressed the need for a banking union, this paper intends to explore the complex process towards its establishment by looking at the EU institutional mechanisms and the legal aspects. In particular, the analysis will be based on two building blocks: (1) the Single Supervisory Mechanism, with a single supervisor at the heart of the banking union; and (2) the Single Resolution Mechanism as a new integrated resolution framework and a resolution fund to address the failure of banking institutions. The paper then assesses the next steps for a fully fledged banking union, necessary in order for this new instrument to lay the foundations for a genuine Economic and Monetary Union, thereby fostering financial and economic stability in the euro area and in the EU as a whole.
Topic:
Economics, Markets, Monetary Policy, and Financial Crisis
Political Geography:
Europe

25. Can Gas Catalyse Peace in the Eastern Mediterranean?

Author:
Ayla Gurel and Laura Le Cornu
Publication Date:
06-2014
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
The economic rationale for energy collaboration between Turkey, Cyprus and Israel is compelling. Cyprus and Israel need commercially viable export routes for their gas while Turkey is eager to diversify and increase its gas supplies. Hydrocarbon resources could potentially be a catalyst for both bringing about a Cyprus settlement and a Turkey-Israel rapprochement. A trilateral cooperation scheme involving a Turkey-Israel pipeline and an LNG plant in Cyprus could offer strong commercial incentives to all parties. But it would require bold political vision on the part of the region's leaders, coupled with backing from influential external actors with an interest in reconciliation and stability in the Eastern Mediterranean.
Topic:
Economics
Political Geography:
Turkey, Israel, and Cyprus

26. Europe's Defence Dilemma

Author:
Mette Eilstrup-Sangiovanni
Publication Date:
06-2014
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
Fifteen years ago, the European Union (EU) launched a Common European Security and Defence Policy (CSDP). Since then, the CSDP has been the focus of a growing body of political and scholarly evaluations. While most commentators have acknowledged shortfalls in European military capabilities, many remain cautiously optimistic about the CSDP's future. This article uses economic alliance theory to explain why EU member states have failed, so far, to create a potent common defence policy and to evaluate the policy's future prospects. It demonstrates, through theoretical, case study-based and statistical analysis, that CSDP is more prone to collective action problems than relevant institutional alternatives, and concludes that the best option for Europeans is to refocus attention fully on cooperation within a NATO framework.
Topic:
Security, NATO, and Economics
Political Geography:
Europe

27. Eurocriticism: The Eurozone Crisis and Anti-Establishment Groups in Southern Europe

Author:
Nathalie Tocci, Thanos Dokos, Eleonora Poli, Chiara Rosselli, and Eduard Soler i Lech
Publication Date:
12-2013
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
The Eurozone crisis and the ensuing public disaffection towards what many view as deficient EU institutions and policies have resulted in a surge of euroscepticism across member states. Although euroscepticism is not a new phenomenon, the rise of mass anti- establishment movements notably in southern Europe is. Despite their different political and structural features, Five Star Movement in Italy, Syriza in Greece and several social movements sprung from the Indignados in Spain have recently become key actors in their national political arena by opposing, inter alia, EU-imposed austerity. Yet these movements are not anti-EU in toto; while they criticize what they view as the EU's lack of democracy and rigid economic policies, they are not opposed to the EU integration project as such. While a fine line distinguishes Euro-scepticism from Euro-criticism, provided such distinction is made, the critique of these movements could be galvanized into a constructive force for a more integrated EU political space.
Topic:
Debt, Economics, International Trade and Finance, Financial Crisis, and Reform
Political Geography:
Europe

28. The French Debate on National Identity and the Sarkozy Presidency: A Retrospective

Author:
Jonathan Laurence and Gabriel Goodliffe
Publication Date:
04-2013
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
Nicolas Sarkozy's presidency presented a mixed record on the issues of Muslim immigration and integration. On the one hand, his administration took novel and constructive steps to advance the integration of Muslim immigrants into French society, notably through the granting of unprecedented official recognition and institutional representation to Islam in the country. On the other, by placing the immigration issue at the centre of his 2012 re-election strategy, he overshadowed and undermined the effectiveness of these integrative policies. Given the country's worsening economic outlook and rising unemployment, immigration is therefore likely to remain as salient and difficult an issue under the new Hollande administration as it was under Sarkozy's.
Topic:
Economics and Islam

29. Russian Support for Assad's Regime: Is There a Red Line?

Author:
Nikolay Kozhanov
Publication Date:
06-2013
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
The Russian government sincerely believes that Assad's removal from power would trigger the expansion of jihadism and instability in the Caucasus and southern Russia. Moscow is deeply concerned about the rise of Islamists in the Middle East, including Qatar and Saudi Arabia's efforts to support the most radical factions in Syria. At the same time, the obvious absence of the ideological background behind current Russian-Syrian relations makes them a trade item. Thus, official guarantees that the jihadists will not export their revolution elsewhere accompanied by promises to preserve some Russian economic positions in post-Assad Syria will probably create the necessary ground for the emergence of a compromise stance on Syria (including the issue of foreign intervention).
Topic:
Economics and Government
Political Geography:
Russia, Caucasus, Arabia, and Syria

30. The Awakened Arab World and its New Landscape

Author:
Augustus Richard Norton
Publication Date:
06-2013
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
The Arab awakening augurs the return of political contestation to key Arab societies in which little more than token opposition had been tolerated. Unfolding experiments in democratisation in which Islamically-oriented parties are leading players are underway but the prospects for the consolidation of stable political systems in key countries, such as Egypt or Syria are problematic. These developments have hastened a new regional balance of power in which Saudi Arabia and its allies have sought to stem the tide of change as well as thwart the hegemonial ambitions of Iran. Persistent issues, particularly the Israel-Palestine conflict, remain unresolved and have a powerful grip on the conscience of the Arab world. Key external powers, especially the United States, confront not only stubborn familiar issues but also a host of new strategic, economic, diplomatic and military challenges.
Topic:
Economics
Political Geography:
United States, Iran, Israel, Saudi Arabia, Syria, and Egypt

31. The Eurozone Crisis: A Crisis of Politics, Not Just Economics

Author:
Vivien A. Schmidt
Publication Date:
11-2013
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
The economic policies of the eurozone crisis, generally presented in apolitical terms, are political both in their underlying principles and in their effects. The EU's 'policy without politics', based on ordo-liberal ideas for macroeconomic austerity and neo-liberal ideas for structural reform, has left the member states with 'politics without policy', in which dissatisfied citizens have had little recourse. This has led to increasing political disaffection, polarisation, and Euroscepticism. Proposals to politicise so as to legitimise the EU by electing the Commission President hold some promise, in contrast to election of the Council President. But the danger, given the eurozone crisis, is that such elections will only politicise so as to delegitimise.
Topic:
Economics

32. The Management and Use of Natural Resources and their Potential for Economic and Social Development in the Mediterranean

Author:
Vanessa Ushie
Publication Date:
10-2013
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
In the framework of the IAI-OCP Policy Center project this paper offers a conceptual framework to examine natural resource management in Turkey, Morocco and Italy and its implications for social and economic development. It recognizes the multiplicity of actors involved in natural resource management at the local, national and global level. It then proceeds by 1) advancing a definition of natural resources to be used in the context of this project; 2) highlighting relevant emerging issues in the empirical debates on natural resource management within economics and politics; 3) developing a series of indicators aimed at assessing the dimensions of the management and use of natural resources. In general, this conceptual framework adopts a flexible and plural approach that reflects the multidisciplinary nature of natural resource management, and recognizes the importance of country-specific factors in the relationship between natural resource management and socio-economic development.
Topic:
Development, Economics, Natural Resources, and Sociology
Political Geography:
Europe, Turkey, North Africa, Italy, and Morocco

33. Defence Spending in Europe in Light of the Economic Crisis

Author:
Alessandro Marrone
Publication Date:
10-2012
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
The economic crisis has impacted deeply on defence spending in Europe. It has led to uncoordinated cuts to defence budgets at national level, but has also revived interest in bilateral and multilateral cooperation. Both the EU and NATO have made an effort to involve European countries in cooperative projects, under the banner s of “Pooling and Sharing” and “Smart Defence” respectively, with limited results. At the same time, the European Commission has adopted two directives regarding defence spending, and the European Defence Agency has been strengthened. While defence spending remains predominantly a national prerogative, European countries will soon face the choice of pooling certain capabilities at international level or losing them because of insufficient spending. In this light, Italy is rationalizing its defence budget, while preserving its commitments to international cooperation.
Topic:
Defense Policy, NATO, Economics, and Financial Crisis
Political Geography:
Europe

34. "The Political Future of the Union" Paper

Author:
Francesco Prota and Gianfranco Viesti
Publication Date:
11-2012
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
The main onus of responsibility for the current global economic predicament is on the financial system, not on a lack of fiscal discipline. Nonetheless, the crisis is having an extremely severe impact on the real economy, which is felt most acutely in the southern Eurozone member states. Since the end of the deepest phase of the crisis in 2009, European governments have committed themselves to fiscal consolidation. The results of these policies have been perverse: the impact of fiscal tightening during a depression may result in depressed output and high unemployment, without lowering the debt-Gross Domestic Product ratio. In light of this, we make a case for restoring growth in Europe without further delay, and discuss the role of the EU budget as an instrument for setting and implementing a real EU growth strategy.
Topic:
Economics, Globalization, International Trade and Finance, Monetary Policy, and Financial Crisis

35. Recent Publications

Author:
Claudia Astarita, Dario Sabbioni, Maria Chiara Slucca, and Lorenzo Vai
Publication Date:
12-2012
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
Discussing China's approach to global warming is not an easy task. Beijing's attitude to this sensitive issue has often appeared confusing. Alessandro Gobbicchi's book, which tries to retrace what the People's Republic has been thinking, doing and achieving in this context over the last three decades, is therefore a welcome tool.
Topic:
Economics
Political Geography:
China

36. Breaking Free from Europe: Why Africa Needs Another Model of Regional Integration

Author:
Peter Draper
Publication Date:
03-2012
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
Support for regional economic integration in Africa runs high amongst the continent's international development partners and African elites. However, its expression in European forms of economic integration is not appropriate to regional capacities and in some cases may do more harm than good. This lacuna is exacerbated by technical and theoretical analyses rooted either in economics or international relations literature. This article sets out to reconceptualise the foundations of African economic integration by reviewing key debates within each literature and comparing the results across disciplinary boundaries. Overall, it is concluded that a much more limited approach is required, one that prioritises trade facilitation and regulatory cooperation in areas related primarily to the conduct of business; underpinned by a security regime emphasizing the good governance agenda at the domestic level. Care should be taken to design the ensuing schemes in such a way as to avoid contributing to major implementation and capacity challenges in establishing viable and legitimate states. In doing so, the presence of regional leaders with relatively deep pockets - South Africa in the Southern African case - points to the imperative of building such limited regional economic arrangements around key states.
Topic:
Development, Economics, and Governance
Political Geography:
Africa, Europe, and South Africa

37. Legal Harmonisation in Africa: Taking Stock and Moving Forward

Author:
Magnus Killander
Publication Date:
03-2012
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
Despite the lofty objectives set out in the treaties of African intergovernmental organisations, such as the African Union, ECOWAS, SADC and the East African Community, legal harmonisation in Africa is still underdeveloped. Apart from a push towards harmonisation in the protection of human rights and the environment, mainly driven by a global agenda, some progress has been made with regard to legal harmonisation linked to economic integration at the sub-regional level. However, the process is slow and measures to ensure implementation of agreed norms at the national level and ensure consistent interpretation are still underdeveloped. This is illustrative of the lack of political will and the big gap between political rhetoric and reality on the African continent.
Topic:
Economics
Political Geography:
Africa

38. Regionalism in Asia as Disguised Multilateralism: A Critical Analysis of the East Asia Summit and the Trans-Pacific Partnership

Author:
David Camroux
Publication Date:
03-2012
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
Revolving around the concept of 'Community' or 'community', debate on an Asian region has ostensibly pitted those who proposed an entity limited to East Asia (China, Japan, South Korea and the ten countries of the Association of South East Asian Nations, ASEAN) against those who proposed a much wider region embracing India, North (and, perhaps, South) America, as well as Australasia. Previously these two conceptualisations possessed their eponymous translation in the East Asian Economic Caucus (reincarnated as ASEANþ3) and the Asia Pacific Economic Cooperation forum. However, with the creation in 2005 of the East Asian Summit to include India, Australia and New Zealand and, above all, its 2011 enlargement to include the United States and Russia, the contrast between the two conceptualisations of an Asian region has become confused. In order to explain this development, this article suggests that the language of 'region' or 'community' is a discursive smokescreen disguising changes in approaches to multilateralism. An examination of the East Asia Summit, contrasting it with another recent regional project, the Trans Pacific Partnership, suggests that the actors involved are seeking to ensure the primacy of individual nation states in intergovernmental multilateral relations.
Topic:
Development and Economics
Political Geography:
China, America, India, East Asia, Asia, and Australia

39. Has Regionalism Peaked? The Latin American Quagmire and its Lessons

Author:
Andrés Malamud and Gian Gardini
Publication Date:
03-2012
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
Since 1960, Latin American attempts at regionalism have undergone distinct phases. More notably, they have tended to diverge across space, gradually giving birth to separate blocs that seem to be tearing South, Central and North America apart. Additionally, within and across these regions several overlapping projects coexist. This article focuses on the dynamics of segmented and overlapping regionalism in order to describe what they look like, analyse how they articulate with one another, and explain why member states have pushed for such a messy outcome. This situation, linked to the evolution of the global context, might be indicating that regionalism in Latin America has reached its peak, beyond which it may be difficult to achieve further progress. Two conclusions are elicited: first, economic integration is becoming a geographically diffused phenomenon rather than a regional one; second, regionalism is still a compelling foreign policy but its causes, goals and outcomes are no longer what they used to be.
Topic:
Foreign Policy and Economics
Political Geography:
Latin America and North America

40. A Changing Mediterranean: Regional Organisations and North Africa during the Arab Spring

Author:
Marco Pinfari
Publication Date:
03-2012
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
Since 1960, Latin American attempts at regionalism have undergone distinct phases. More notably, they have tended to diverge across space, gradually giving birth to separate blocs that seem to be tearing South, Central and North America apart. Additionally, within and across these regions several overlapping projects coexist. This article focuses on the dynamics of segmented and overlapping regionalism in order to describe what they look like, analyse how they articulate with one another, and explain why member states have pushed for such a messy outcome. This situation, linked to the evolution of the global context, might be indicating that regionalism in Latin America has reached its peak, beyond which it may be difficult to achieve further progress. Two conclusions are elicited: first, economic integration is becoming a geographically diffused phenomenon rather than a regional one; second, regionalism is still a compelling foreign policy but its causes, goals and outcomes are no longer what they used to be.
Topic:
Economics
Political Geography:
Libya, Arabia, Latin America, North Africa, Egypt, and Tunisia

41. The Quest for Political Reform in Azerbaijan: What Role for the Transatlantic Community?

Author:
Anar Valiyev
Publication Date:
02-2012
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
As Azerbaijan celebrates its 20th anniversary of independence, democratic development remains a key challenge facing the country. Despite the fact that Azerbaijan successfully coped with immediate problems such as poverty reduction and economic and political stability, the need to reform the public administration and decentralize governance has become particularly urgent. The main problems, however, remain the same: low public trust in institutions, the absence of a democratic political culture and the lack of bridging social capital. In this regard, the assistance of the Transatlantic Community is necessary. The European Union and the United States should pursue a developmental approach to democracy promotion in Azerbaijan, which has higher chances to succeed than a more explicitly political approach, considering the weak institutional capacity in the country.
Topic:
Democratization, Development, Economics, Poverty, and Governance
Political Geography:
United States, Europe, and Azerbaijan

42. Azerbaijan in Transition

Author:
Jens Hölscher
Publication Date:
07-2012
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
Azerbaijan has been the fastest growing economy of the world and it increasingly attracts the interest of foreign investors. This paper analyses the Azerbaijani economy in transition from communism to capitalism over the past decade with a focus on investment climate. Facts and figures of the apparent economic miracle are presented and a number of political obstacles considered. Azerbaijan's transition towards a market economy has not gone very far and it is mainly slowed down by low levels of trust and high levels of corruption. There are also human rights issues and freedom or press is limited. Unless and until Azerbaijan deals with these problems, shadows will continue to loom over its economic miracle.
Topic:
Development, Economics, International Trade and Finance, and Foreign Direct Investment
Political Geography:
Caucasus and Azerbaijan

43. Decoupling Trade from Politics: The EU and Region-Building in the Andes

Author:
Miguel Haubrich Seco
Publication Date:
07-2011
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
In its external relations, the EU advances regional cooperation as a successful means of achieving peace and prosperity. In doing so, the EU promotes its own model as the most successful case of regional integration. A wide-reaching set of instruments, spanning from trade to political dialogue and aid, is used to promote regional cooperation and integration. Noneheless, regional organisations supported by the EU are far from accomplishing their set objectives. Using as a test case the Andean Community, the oldest Latin American regional organisation and a prominent case of EU support for regional integration, this paper examines the reasons behind the EU's lack of impact in promoting regional integration. Stemming from this analysis, the paper proposes a recalibration of EU policy by decoupling trade relations from political engagement and by increasing support for physical and visible integration as opposed to formal institutions detached from the perceived needs of the public.
Topic:
Economics, International Trade and Finance, and Regional Cooperation
Political Geography:
Europe and Latin America

44. Striking a Balance Between Norms and Interests in Italian Foreign Policy: The Balkans and Libya

Author:
Valérie Vicky Miranda
Publication Date:
05-2011
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
To what extent is foreign policy driven by norms and/or by interests? Considering the main trends of Italian foreign policy after World War II and two case studies, the Balkans and Libya, this paper investigates the role played by norms and interests and the interconnection between the two in Italian foreign policy. In the Balkans, norms and interests have neatly dovetailed: supporting democratization and the rule of law has also meant furthering Italian security and economic interests in the region. By contrast, Libya was the theatre of an essentially interest-driven foreign policy. Nevertheless, the Italian government's response to the Libyan crisis between March and May 2011 has interestingly marked a rupture from the recent past.
Topic:
Security, Foreign Policy, Economics, and International Trade and Finance
Political Geography:
Bosnia, Libya, Kosovo, Balkans, North Africa, and Italy

45. Iraq's Long Road to National Reconciliation

Author:
Myriam Benraad
Publication Date:
09-2011
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
As the US prepares to pull out of Iraq, the 'national reconciliation' process that was launched in the Summer of 2006 remains stalled. The March 2010 legislative elections, which were expected to consecrate the rebuilding of a national pact between Iraqis, have led to even greater fragmentation of Iraq's socio-political landscape. The power sharing agreement ultimately presages more tensions to come. With the essence and reality of the Iraqi 'nation' long debated and subjected to continued deconstruction under the combined effects of authoritarianism, military conflagrations and economic sanctions, it will likely take decades before a genuine reconciliation can come about.
Topic:
Economics
Political Geography:
United States and Iraq

46. Energy Interests of the 'Great Powers' in Central Asia: Cooperation or Conflict?

Author:
Shamil Midkhatovich Yenikeyeff
Publication Date:
09-2011
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
The geographic proximity of Central Asia to Russia, China, the Caucasus and the Caspian region, as well as to the Middle East, makes this oil and gas-producing region a crucial and ever-developing player in regional and global energy markets. The method by which Central Asian producers choose to develop their hydrocarbon resources and export infrastructure will have significant implications for the plans for diversification of oil and gas supplies of Europe, China and India, as well as for Russia's energy exports to Europe. It is still too early to tell whether the economic and political incentives are strong enough to promote cooperation between the various actors or whether the energy interests of these key external powers are so diverse as to clash in Central Asia.
Topic:
Economics
Political Geography:
Russia, China, Europe, Central Asia, and Asia

47. Turkey: An Emerging Energy Transit State and Possible Energy Hub

Author:
Gareth Winrow
Publication Date:
09-2011
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
Officials in Ankara are pressing for Turkey to become a key energy hub for the transportation of hydrocarbons from the Caspian region and the Middle East to Europe. It appears that they are seeking to secure certain strategic and economic advantages. Turkey's increasing energy needs could be satisfied, re-export rights obtained, and ambitions to become a significant regional state fulfilled which could facilitate accession to the EU. It seems more likely, though, that Turkey will become an important energy transit state, especially for the Southern Gas Corridor. Here, Turkey could still diversify its gas imports and reduce dependence on Russia.
Topic:
Economics
Political Geography:
Russia, Europe, Turkey, and Middle East

48. Of BRICs and Mortar: The Growing Relations Between Africa and the Global South

Author:
Maxi Schoeman
Publication Date:
03-2011
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
The ambitions of the global South for a larger share of global wealth and political power are at least partly being played out on the African continent. The increasing Africa-South relations seem to indicate a relative decline in Africa-North ties, with the shift in Africa's trade relations from North to South resulting in trade creation rather than trade diversion. The South partners are also providing much needed infrastructure development assistance to the continent. Politically, these relations are formalised in a host of frameworks and associations and operate in fundamentally different ways from those between Africa and its erstwhile colonial masters. It is doubtful, though, to what extent Africa's capacity to influence the global agenda is strengthened, especially given that not a single African country is (yet) a member of the 'South Big Four', the BRICs.
Topic:
Economics
Political Geography:
Africa

49. Public and Elite Views on Europe vs. China in Africa

Author:
Lorenzo Fioramonti and Patrick Kimunguyi
Publication Date:
03-2011
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
Europe has been the privileged economic and political partner of Africa, but more recently China has increased its foothold in Africa through important financial investments and trade agreements. Against this backdrop, the empirical research conducted in 2007-08 in Kenya and South Africa as part of a pioneering international project investigates the perceptions of public opinion, political leaders, civil society activists and media operators. While confirming their continent's traditional proximity to Europe, African citizens are increasingly interested in China and its impact on Africa's development. Europe is criticised for not having been able to dismiss the traditionally 'patronising' attitude towards Africa. While African civil society leaders and media operators describe China as an opportunity for Africa to break free of its historical dependence on European markets, other opinion leaders warn against too much enthusiasm for the Asian giant. There is a suspicion that the Chinese strategy might, in the long run, turn into a new form of economic patronage.
Topic:
Civil Society and Economics
Political Geography:
Kenya, Africa, China, Europe, Asia, and South Africa

50. Why Ireland's Luck Ran Out and What This Means for the Eurozone

Author:
Shalendra D. Sharma
Publication Date:
03-2011
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
Given its impressive economic performance over the past two decades, Ireland earned the title, the 'Celtic Tiger'. However, as the contagion from the subprime-induced global financial crisis spread, Ireland's boom went bust. In short order, Ireland (like Greece before it), had to seek financial assistance from the EU and the IMF to stave off sovereign default and national humiliation. How did Dublin and the eurozone respond to the crisis and what lessons can be learned from Ireland's experience? While Ireland grapples with its huge public debt, the EU needs to instill confidence in the markets before the current rolling debt crisis becomes a systemic threat to the eurozone.
Topic:
Debt and Economics
Political Geography:
Ireland and Dublin

51. Italian Armed Forces under Pressure

Author:
Valerio Briani
Publication Date:
05-2010
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
The Italian defence budget is decreasing again. According to an analysis produced by the Istituto Affari Internazionali (IAI), in 2010 Italy will spend around €17,6 billion, or 1.13 percent of GDP, for defence. More worryingly, the budget is seriously unbalanced; personnel costs still gobbles up over 65% of the funds available for the Defence Function, while lack of resources will prevent troops recruiting (thus deepening the unbalance between troops and officers). Funding for the education and training of personnel, and equipment maintenance and support, is also decreasing. If the political and military leadership will not deal with this situation, the country runs the risk of having a military instrument that is unable to perform its duties fully.
Topic:
Defense Policy and Economics
Political Geography:
Europe and Italy

52. The Union for the Mediterranean: Views from the Southern Shores

Author:
Kamleh Khatib
Publication Date:
09-2010
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
Through a series of open-question interviews carried out with those responsible for the UfM file between late 2008 and early 2009, some undeniable and unanimously accepted merits were voiced. However, views from the southern shores of the Mediterranean appear to be multifaceted and not uniform with only one dominant common trait echoing in all interviews and shaping negative perceptions, namely, the weight the Arab-Israeli conflict exerts in hampering the initiative. While a Union of projects could "address the architectural deficit that has prevented the Mediterranean from becoming a coherently functional economic regional space", high politics emerge, yet again, as an inescapable reality that demands prioritisation.
Topic:
Economics
Political Geography:
Israel and Arabia

53. The Impact of the Economic Crisis on Euro-Mediterranean Relations

Author:
Maria Cristina Paciello
Publication Date:
09-2010
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
The ongoing global financial and economic crisis, which initially emerged in North America and Europe, has increasingly spread to emerging and developing countries, including the Southern Mediterranean. The global economic crisis could pose, and is posing, a number of challenges to Euro-Mediterranean relations. On the political front, it has contributed to further undermining the political reform agenda included in the Barcelona Process and the European Neighbourhood Policy. On the economic front, the crisis is jeopardising trade integration in the Euro-Mediterranean area and could slow down the pace of economic reforms supported by the European Union in Southern Mediterranean countries.
Topic:
Economics
Political Geography:
Europe and North America

54. Italy and Libya: Renewing a Special Relationship

Author:
Arturo Varvelli
Publication Date:
09-2010
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
Italy and Libya have always enjoyed a special relationship based on reciprocal economic interests. The 2008 Friendship Treaty and the formal apologies for the colonial past have paved the road for more stable cooperation between the two countries in other sectors as well. Libya has started a gradual and prudent reform that, minimising the risks of destabilisation, is meant to attract foreign investments outside of the hydrocarbon sector in an attempt to diversify the economy. As its major political and economic partner, Italy is playing an important role in the Libyan transformation process.
Topic:
Economics
Political Geography:
Libya and Italy

55. Why the European Union Needs a 'Broader Middle East' Policy

Author:
Edward Burke, Ana Echagüe, and Richard Youngs
Publication Date:
12-2009
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
European foreign policy in the Middle East and North Africa (MENA) is a highly fragmented construction. Since the mid-1990s the EU's policies with Maghreb and Mashreq countries have been pursued under the rubric of the Euro-Mediterranean Partnership (EMP), the European Neighbourhood Policy (ENP) and now the Mediterranean Union. This plethora of highly institutionalised initiatives has been developed with negligible linkage to policy in the rest of the Middle East. Relations with the Gulf Cooperation Council remain low key and strikingly disconnected from the EMP. Contrary to its rhetorical emphasis on supporting regional integration around the world, the EU has failed to build its strategy towards Iran and Iraq into a regional security framework. Even more reproachable, given its credibility and influence in the economic sphere has been the EU's inability to foster regional economic integration between the Mediterranean and the Gulf.
Topic:
Foreign Policy, Economics, and Bilateral Relations
Political Geography:
Europe, Middle East, Arabia, and North Africa

56. Investment from the GCC and Development in the Mediterranean. The Outlook for EU-GCC Financial and Economic Cooperation in the Mediterranean

Author:
Bénédict de Saint-Laurent
Publication Date:
12-2009
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
Basic questions posed in this study were whether the trend of Gulf involvement in the Mediterranean economies was sustainable, what the specifics of those investments are, and could a triangular cooperation be envisaged? What is clear is that Gulf investors have become major players in the Mediterranean with an investment volume of more than 70 billion Euro in nearly 700 projects since January 2003. The Gulf now seems to have joined Europe as a sustainable second investment pillar. The complementarities between needs and resources of Europe, GCC and Med countries call for the implementation of an integrated co-operation model, similar to the Japan-China-ASEAN triangle.
Topic:
Development, Economics, and Foreign Direct Investment
Political Geography:
Japan, China, Middle East, and Arabia

58. EU-Turkey Trade: A Case of Deep Integration

Author:
Luigi Narbone and Agnieszka Skuratowicz
Publication Date:
12-2008
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
The 1963 Ankara agreement established the framework for the relations between Turkey and the European Economic Community. A key intermediate objective was setting up a customs union, which was established in 1996. From a long-term trade perspective the customs union has had a positive impact on EU-Turkey bilateral trade, its growth and its composition. The subsequent pre-accession process has further fostered trade integration, facilitated structural reforms and boosted the country's economic potential. The increasingly close political and economic relations have also promoted stability and growth in the Turkish economy. These positive developments have been linked, however, to the prospects of Turkey's EU accession and could be undermined by uncertainty over the eventual outcome of this process.
Topic:
Economics
Political Geography:
Europe

59. Palestinian Islamism: Conflating National Liberation and Socio-political Change

Author:
Khaled Hroub
Publication Date:
12-2008
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
For many decades, mainstream Palestinian Islamists have oscillated between two agendas: Islamising their own society and resisting the Zionist project in Palestine. Prioritising one over the other has always been problematic even if responsive to context and capabilities. Though they emerged in Palestine in the 1940s as the Palestinian chapter of the Egyptian Muslim Brotherhood, founded in Egypt in 1928, it was not until 1987 with the forming of Hamas that these Islamists moved to the forefront of Palestinian politics. Hamas' project espouses "resistance" as a priority, yet without marginalising socio-religious activism, an effective formula that has enabled Hamas to compete with the PLO for Palestinian leadership, culminating in its victory in the 2006 elections.
Topic:
Economics
Political Geography:
Palestine and Egypt

60. Time to Deradicalise? The European Roots of Muslim Radicalisation

Author:
Amel Boubekeur
Publication Date:
09-2008
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
When European Muslim citizens are involved in social conflicts or when they contest the place that is given them in Europe, these political claims are often seen as radical and inspired by external influences. If an attempt is made to understand what part the influences of the so-called Muslim "countries of origin" play in the way Muslims contest European models of society and integration, it turns out that the roots of radicalisation are often purely European. The idea that it is the Islamic and communitarian nature of the European Muslim way of life which is at the base of their failing integration has to be challenged. Indeed, the initiatives of religious actors have failed to channel the radicalisation of European Muslims' political demands. The role of the religious variable is of much less importance in political radicalisation than the lack of an institutional response to the demands for greater social and economic integration.
Topic:
Economics and Islam
Political Geography:
Europe

61. The Turn to Statism in Russian Economic Policy

Author:
Philip Hanson
Publication Date:
03-2007
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
Since 2003, state control in the Russian economy has increased significantly. This has affected mainly but not only the oil industry. This policy development gives some grounds for concern about Russia's long-run growth. Its origins lie in power struggles within the political elite, in efforts by members of that elite to enrich themselves and in a profound distrust on the part of that elite of any sources of power that they do not themselves control. One result is that business confidence has been dented, the growth of oil output has slowed, and future GDP growth depends more heavily than before on further growth in oil prices.
Topic:
Economics and Oil
Political Geography:
Russia

62. A New Bi-continental Approach to Transatlantic Defence Cooperation

Author:
Michele Nones
Publication Date:
06-2007
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
The prospect of transatlantic cooperation in the field of defence systems depends on reaching an acceptable point of equilibrium. Without it, Europe would find the strategic, political, economic, and industrial risks of total American predominance in this field (with the consequent loss of technical and production expertise) unacceptable. The reduction of the gap between Europe and the United States depends on the integration of the European defence market. This must not be seen as a risk for transatlantic collaboration, but as an opportunity. Building up a transatlantic market could also improve the efficiency of the American market by increasing competition. This collaboration, based not on bilateral, national, or multilateral agreements, but instead on bi-continental cooperation, is the challenge that Europe and the United States must face and meet together.
Topic:
Economics
Political Geography:
United States, America, and Europe

63. China's Foreign Policy Comes of Age

Author:
Michael Yahuda
Publication Date:
09-2007
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
China's continuing rise has brought it to a new stage in its engagement with the outside world. China's growing economic and diplomatic weight has made it an influential player in all parts of the world and it is seeking to consolidate its image as a responsible major player within its own region and in the wider world. The Olympic Games to be held in Beijing next year will offer a major opportunity to show that China has come of age as a modern power. China is reaching a point where the extent and depth of its international interests are not only increasing its stake in the global system, but are also allowing it to begin to make its mark as a potential rule-maker in world affairs. This is particularly noticeable in Africa, where it is successfully challenging the approach of international organisations and Western governments which have made aid and certain other economic exchanges and arms sales conditional on improving the governance of relevant states. China's ''model of development'', which combines rapid economic growth with authoritarian rule, is gaining approval by certain third world governments as a viable alternative to the so-called ''Washington consensus'', which emphasises liberal economics and democratic politics.
Topic:
Economics
Political Geography:
China, Washington, and Beijing

64. China's Energy Policy: from Self-sufficiency to Energy Efficiency

Author:
François Godement
Publication Date:
09-2007
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
China's energy policy is traditionally based on self-sufficiency. While energy bottlenecks have often been cited as a limitation to China's economic growth, China has been successful at producing energy using its domestic coal - albeit putting a strain on transport and producing a high degree of pollution. Aggressively after 2001, China has started to search for external resources, both to supply its voracious appetite for oil and to insure its economy against possible geopolitical disruptions - including the threat of sanctions. This has given Chinese companies a life of their own, making them large international actors. Today, China is both saddled with new responsibilities for the developing countries in which it owns sizeable exploitation rights, and influenced by a new thinking on energy security, based on the idea of improving energy efficiency before developing resources. This offers opportunities for the West - and Japan - in cooperating with China, a huge energy importing country, to lessen the dominance of producers, create business opportunities for energy efficiency equipment, and also to cap CO2 and other emissions.
Topic:
Economics
Political Geography:
Japan and China

65. Ownership and Conditionality

Author:
Natalino Ronzitti
Publication Date:
03-2002
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
Conditionally, ownership or empowerment, and partnership are terms and concepts that have long been used in the context of North-South relations, both in connection with cooperation and development aid and with trade, economic relations and even, although to a lesser extent, external relations. They are not always understood in the same sense; the notion of partnership has different meanings when applied to relations between groups of nations (e.g. in the case of the Euro-Mediterranean partnership) and when it is used to describe the links between unequal partners, particularly in connection with development aid and, in general, the processes aimed, in the context of North-South relations, at improving the relative position of southern countries in the international environment.
Topic:
Economics, International Organization, International Political Economy, and Poverty

66. A Mediterranean Economic Policy from Europe at the Enlargement Cross-Roads

Author:
Roberto Aliboni
Publication Date:
11-2001
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
Admittedly, the results of the EU's economic policy towards the Mediterranean are to some extent disappointing. What do we have to do? Do all we need is to modify and improve such policy? Or do we have to bring in some more substantive changes? Is the policy disappointing in itself or because of the way it is implemented? Furthermore, we are aware that these questions come up in conjunction with the advancement of the EU enlargement to Eastern European countries. Thus, a further question is what is the impact of the enlargement on EU economic co-operation with the Mediterranean. According to EU's own decisions, there must be a link between enlargement and Euro-Med Partnership: that is a fair balance between enlargement towards the East and co-operation towards the South. Is indeed that balance there? or there is a polarisation towards the East which demands for corrections?
Topic:
Economics, International Cooperation, and International Trade and Finance
Political Geography:
Europe

67. Saudi-Italian Relations During the Reign of King Fahd

Author:
Roberto Aliboni
Publication Date:
11-2001
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
In the hundred years that have elapsed since the birth of Saudi Arabia many important developments and changes have affected both this country and Italy. Still, whereas Saudi Arabia has progressed with remarkable political stability, Italy has suffered numerous shocks: the crisis and fall, after World War I, of the nationalist elites which had made Italy an independent and united country in the 19th century; the fall of the Fascist regime and the Savoy monarchy at the end of World War II; the emergence, during the Cold War, of a Western democracy run by the classes which the nationalist elite had excluded from the process of independence; today, after the end of the Cold War, the fall of the Catholic and communist parties that dominated the Cold War domestic stage and the painful attempt to establish a less ideologically-based, more market-oriented and liberal-minded democracy in the country.
Topic:
International Relations, Foreign Policy, and Economics
Political Geography:
Europe, Arabia, Saudi Arabia, and Italy

68. 2nd IAI-SWP Review Conference on the Mediterranean

Author:
Daniela Pioppi
Publication Date:
06-2000
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
In the opening session the two directors of the IAI-SWP exercise, Roberto Aliboni and Volker Perthes, together with Franco Zallio (Fintesa Studi Paese) gave a first overview of the main issues and problems faced by the Euro-Med Partnership (EMP). Volker Perthes' introduction focused on more political issues. He started by underlining the fact that the EMP is an experiment of 'regional governance' (expression taken from 'global governance'). However, the region comprised by the EMP is not a geographical expression. The EU decided who was to be included (i.e. Libya and the Balkans are excluded, but Jordan or EU non-Mediterranean countries are comprised). Therefore, the problem remains: what is a proper region for the EMP undertaking?
Topic:
Security, Economics, and International Cooperation
Political Geography:
Europe, Middle East, Balkans, and Jordan

69. Euro Spectator 2000 - Italy

Author:
Silvia Nenci and Marina Mancini
Publication Date:
01-2000
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
According to the “Eurobarometer” survey (Eurobarometer No 54), conducted in November and December 2000 among more than 16,000 citizens of the European Union, 55% (-3% in comparison with spring 2000) of Europeans support the single currency, whilst 37% do not. The Member States in which support is strongest are Italy (79%), Luxembourg (75%), Belgium (72%), Greece (70%), Ireland (69%), Spain (68%) and the Netherlands (64%). The majority of public opinion is against the Euro in Sweden (26%), the United Kingdom (21%), Denmark (41%) and Finland (45%). Looking at Italy, results show that 79% of citizens are in favour of the Euro (-2% in comparison with previous six months), 17% are against it (+ 3%) and the remaining 4% are indifferent.
Topic:
Economics and International Trade and Finance
Political Geography:
United Kingdom, Europe, Finland, Greece, Belgium, Denmark, Spain, Italy, Sweden, Netherlands, Ireland, and Luxembourg