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  • Author: Anne-Laure Delatte, Sebastien Jean
  • Publication Date: 04-2017
  • Content Type: Working Paper
  • Institution: Istituto Affari Internazionali
  • Abstract: This paper discusses what useful form international economic co-ordination might take, notwithstanding the tense climate witnessed in recent months. On international trade, we argue that aiming at wide-ranging negotiations or more-of-the-same trade liberalizations would be pointless under present circumstances. Priority should instead be given to preventing the doom loop of protectionism and retaliation, and to addressing the political concerns about globalization. On fiscal competition, we point to the risk of a potential race to the bottom despite the progress achieved thanks to the OECD BEPS initiative. We finally emphasize the need for coordinated policies on the demand side. Paper presented at the international conference on “Major Challenges for Global Macroeconomic Stability. The Role of the G7”, organized in Rome on 27-28 March 2017 by the Istituto Affari Internazionali (IAI) with the support of the Italian Ministry of Foreign Affairs and International Cooperation and the Bank of Italy.
  • Topic: International Cooperation, International Security
  • Political Geography: Global Focus
  • Author: C. Fred Bergsten, Edwin M. Truman, Jeromin Zettelmeyer
  • Publication Date: 04-2017
  • Content Type: Working Paper
  • Institution: Istituto Affari Internazionali
  • Abstract: This paper examines how G7 cooperation can be maintained in the Trump era. Its working assumption is that the US administration will remain open to international cooperation in principle and yet be constrained by Trump’s economic nationalism and specific campaign promises, such as reducing trade imbalances. The main finding is that useful areas for G7 macroeconomic, trade and financial cooperation continue to exist even after taking US constraints into account. At the same time, other G7 leaders need to be prepared to proceed on their own if attempts to convince the US administration that G7 economic cooperation is in the interests of all members fail. Paper presented at the international conference on “Major Challenges for Global Macroeconomic Stability. The Role of the G7”, organized in Rome on 27-28 March 2017 by the Istituto Affari Internazionali (IAI) with the support of the Italian Ministry of Foreign Affairs and International Cooperation and the Bank of Italy.
  • Topic: International Cooperation, International Security, International Affairs
  • Political Geography: Global Focus
  • Author: Malcolm D. Knight
  • Publication Date: 04-2017
  • Content Type: Working Paper
  • Institution: Istituto Affari Internazionali
  • Abstract: This paper is premised on the fact that the most important macroeconomic policy issue confronting global leaders at this time is the need to restore, modernize and expand the international network of basic infrastructure that underpins global economic activity. This would help foster stronger long-term productivity growth and per capita output. This paper first outlines key policy elements that are needed within each country to design and implement a successful National Infrastructure Investment Programme (NIIP). It then describes how these NIIPs could be integrated into an Internationally Coordinated Infrastructure Investment Programme (iCIIP), and the complementary roles that the G7 and G20 summit leaders could play in carrying out this vast programme of infrastructure renewal and expansion. The G7, as a tightly knit group of advanced countries, can be instrumental in giving a clear impetus to key elements of the iCIIP strategy. The G20 instead is the appropriate body to set the course of modernization and expansion of a renewed, internationally-integrated network of basic productive infrastructure, and to guide the iCIIP as it is implemented over the next decade.
  • Topic: International Relations, International Cooperation, International Affairs
  • Political Geography: Global Focus
  • Author: Rolf Langhammer
  • Publication Date: 04-2017
  • Content Type: Working Paper
  • Institution: Istituto Affari Internazionali
  • Abstract: While Germany continues to defend an open trading system it is not prepared to play a proactive role in pushing for liberalization of global trade. Preventing further disintegration in Europe has a higher priority for the German government than further integration in the world economy. Such priority does not only match with widespread skepticism in the German electorate on the gains from globalization. It also complies with an implicit understanding in the government that further globalization should be subject to stricter public surveillance. On nancial stability, German authorities emphasize the need to minimize the role of taxpayers in future bail-outs and giving regulators the power to force troubled banks to restructure or liquidate. Germany is also keen for the imposition of a nancial transactions tax at the global level. On macroeconomic policy, the increased reliance on domestic demand to spur growth in Germany will contribute towards global rebalancing. Given its scal space, boosting Germany’s public investment could be part of a collective e ort to address global demand weakness while addressing long-term growth challenges through structural reforms.
  • Topic: International Cooperation, International Affairs
  • Political Geography: Global Focus
  • Author: Mathew Singer
  • Publication Date: 04-2017
  • Content Type: Working Paper
  • Institution: Kellogg Institute for International Studies
  • Abstract: Theories of democratic legitimacy argue that people who believe that the government is well managed and that the government represents their interests are likely to defend the democratic status quo. Principal-agent theory predicts, however, that these same groups are also more likely to support the executive taking steps to restrict free speech or opposition rights via delegative democracy. Citizens who feel represented by an ideologically sympathetic and competent executive may be willing to delegate to him or her authority to restrict the opposition, even at the expense of civil rights. Survey data from eighteen Latin American countries from 2006 to 2012 are consistent with the principal-agent hypothesis; those who voted for the ruling party in the previous election or who perceive that the economy is strong are more likely to favor restrictions on civil rights for regime opponents. Political winners are particularly likely to display low levels of tolerance for expressions of opposition in polarized party systems. Thus, for democracy to prosper, it must not only satisfy the losers of political and economic processes but also find ways to encourage winners to exercise restraint.
  • Topic: International Cooperation, Democracy
  • Political Geography: Global Focus
  • Author: Vibeke Schou Tjalve
  • Publication Date: 05-2017
  • Content Type: Policy Brief
  • Institution: Danish Institute for International Studies
  • Abstract: The cabinet nominations, budget proposals and stepped up force displays of the Trump administration signals a decisive militarization. Even if European NATO members also increase their military muscle, a transatlantic gap on the purpose, language and limits of military power seems looming – not least in the field of counter-terrorism.
  • Topic: International Cooperation, International Security, International Affairs
  • Political Geography: Global Focus
  • Author: Arturo Varvelli
  • Publication Date: 02-2017
  • Content Type: Commentary and Analysis
  • Institution: Italian Institute for International Political Studies (ISPI)
  • Abstract: During 2016 and in the first few weeks of 2017, it has become clear that General Khalifa Haftar is gaining support both locally and internationally. Egypt, the Emirates, Russia, and France, all played a role in strengthening his power.
  • Topic: International Relations, International Cooperation, International Security, International Affairs
  • Political Geography: Libya, Global Focus
  • Author: Zvi Magen, Udi Dekel
  • Publication Date: 07-2017
  • Content Type: Commentary and Analysis
  • Institution: Institute for National Security Studies (INSS)
  • Abstract: The first meeting between US President Donald Trump and Russian President Vladimir Putin since Trump entered the White House took place in Hamburg, during the G20 summit of July 7-8, 2017. Relations between the two powers have been marked by tension over disagreements on various areas of conflict around the world, and from the reports in the United States about alleged contacts between Trump and Russia during the presidential campaign and Russian cyber interference in the election process. Tensions rose further when US forces attacked pro-Assad coalition forces in Syria and when Russia opposed the condemnation of North Korea in the Security Council regarding Pyonyang’s long range missile program. Nonetheless, reports were that the meeting between the leaders, which lasted longer than planned, was constructive, though very few details about the conversation itself or any agreements reached were provided, other than an announcement on the agreement to impose a ceasefire in southwestern Syria and establish a de-escalation zone there.
  • Topic: International Cooperation, International Affairs
  • Political Geography: Global Focus
  • Author: Andrew Philip Hunter, Gregory Sanders, Samantha Cohen
  • Publication Date: 01-2017
  • Content Type: Special Report
  • Institution: Center for Strategic and International Studies
  • Abstract: International joint development programs are important because of their potential to reduce costs and increase partnership benefits such as interoperability, economies of scale, and technical advancement. While all major development and acquisition programs are complex undertakings, international joint development programs introduce additional layers of complexity in the requirement for coordination with more than one government customer, supply chain and organizational complexities resulting from international industrial teaming, and technology control issues. The performance of international joint development programs varies greatly. This study compares the best practices of international joint development and domestic development programs through case-study analysis to identify the key variables that contribute to a program’s eventual success or failure and to understand the elements that are crucial to managing these programs.
  • Topic: International Cooperation, Geopolitics, Global Security, International Development
  • Political Geography: Global Focus
  • Publication Date: 06-2017
  • Content Type: Special Report
  • Institution: Council on Foreign Relations
  • Abstract: On May 7–9, 2017, the Council on Foreign Relations hosted the sixth annual conference of the Council of Councils. The conference was made possible by the generous support of the Robina Foundation for CFR’s International Institutions and Global Governance program. The views described here are those of workshop participants only and are not CFR or Robina Foundation positions. The Council on Foreign Relations takes no institutional positions on policy issues and has no affiliation with the U.S. government. In addition, the suggested policy prescriptions are the views of individual participants and do not necessarily represent a consensus of the attending members.
  • Topic: International Cooperation, International Affairs
  • Political Geography: Global Focus