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43251. The Real Problem in U.S.-Israeli Relations

Author:
Dov Waxman
Publication Date:
03-2012
Content Type:
Journal Article
Journal:
The Washington Quarterly
Institution:
Center for Strategic and International Studies
Abstract:
Of all the foreign relationships of the United States, perhaps none is as closely watched and incessantly scrutinized as its relationship with Israel. Like a couple in counseling, U.S.—Israeli relations are the subject of endless analysis. Both supporters and critics are forever on the lookout for the slightest signs of tension or unease, with the former anguishing over them, and the latter celebrating. While there was little to pay attention to during the years of the Bush administration, given its tight and largely uncritical embrace of Israel, the tenure of the Obama administration has provided ample opportunities for U.S.—Israel watchers to speculate on the troubles between Washington and Benjamin Netanyahu's government. By now, the nature of this debate is entirely predictable_on one side are those who decry President Obama's alleged failure to resolutely support Israel,and on the other are those who defend the president's pro-Israeli record.
Political Geography:
United States, Washington, and Israel

43252. Egypt's Troubled Transition: Elections without Democracy

Author:
Khaled Elgindy
Publication Date:
03-2012
Content Type:
Journal Article
Journal:
The Washington Quarterly
Institution:
Center for Strategic and International Studies
Abstract:
With the convening of the country's first post-revolutionary parliament in late January 2012, Egypt's troubled transition has entered a new phase. As the battle over Egypt's future shifts from Tahrir Square to the newly elected People's Assembly, Egyptians may be facing their most difficult challenges yet. The country's interim rulers, the Supreme Council for the Armed Forces (SCAF)_a 20-member body representing all four branches of the Egyptian military (similar to an expanded U.S. Joint Chiefs of Staff)_have laid out an ambiguous and problematic roadmap. With presidential elections and the drafting of a new constitution scheduled to take place by July 1, the transition is imperiled by an ever-present threat of popular unrest as well as an economy teetering dangerously close to collapse. Yet, it is increasingly clear that the most formidable threat to Egyptian democracy comes from the ruling military council itself, through its manipulation of the political process, growing repression, and desire to remain above the law.
Political Geography:
United States and Egypt

43253. Have President Obama's Re-Election Prospects Brightened?

Author:
Charles Cook Jr.
Publication Date:
03-2012
Content Type:
Journal Article
Journal:
The Washington Quarterly
Institution:
Center for Strategic and International Studies
Abstract:
Have the 2012 elections reached an inflection point? It's far too soon to say that the trajectory of this election has changed directions, but we are beginning to see enough indicators to suggest that the presidential race may have shifted from uphill for President Obama to something more likely to be a very close fight and a more evenly-balanced contest. Simply put, the political environment for Republicans is not quite as favorable as it appeared three or four months ago.

43254. Aphrodite's Gift: Can Cypriot Gas Power a New Dialogue?

Publication Date:
04-2012
Content Type:
Working Paper
Institution:
International Crisis Group
Abstract:
Eastern Mediterranean tensions have risen since late 2011, when Greek Cypriots unilaterally began drilling in their rich offshore hydrocarbon reserves and Turkey responded with tough criticism and threatening naval manoeuvres. Contested maritime boundaries and exploration of natural gas deposits off the divided island are the sources of the current dispute, but tensions also result from the slow-down of UN-mediated Cyprus reunification talks. A paradigm shift is needed. The gas can drive the communities further apart and increase discords, or it can provide an opportunity for officials from all sides, including Turkey, to sit down and reach agreements on the exploitation and transportation of this new find.
Topic:
Conflict Resolution, NATO, Energy Policy, International Political Economy, Natural Resources, and Territorial Disputes
Political Geography:
Europe and Turkey

43255. How Much Does Natural Resource Extraction Really Diminish National Wealth? The Implications of Discovery

Author:
Alan Gelb, Kai Kaiser, and Lorena Viñuela
Publication Date:
03-2012
Content Type:
Working Paper
Institution:
Center for Global Development
Abstract:
The paper considers the process of discovery for subsoil resources, including both hard minerals and hydrocarbons and estimates its magnitude in recent years, as derived from the sum of extraction and changes in proven reserves. Spurred on by technology change and strong market conditions, discovery has been substantial for most minerals. The value of discovered reserves is high relative to the costs of exploration, particularly when low social discount rates are used to value potential production in the future. Discovery is therefore valuable and should be considered as adding to national wealth through increases in proven reserves. Many countries can continue to generate resource rents far longer than indicated by current reserve estimates and this has implications for decisions on how to plan to spend or save rents. With the high response of discovery to prices and technology, environmental constraints (climate change, water) are more likely than the actual exhaustion of resource deposits to limit resource-based development. The divergence between private and social valuation of discoveries may also justify measures taken by countries to encourage exploration, including through the provision of geo-scientific data to increase interest in discovery as well as competition among mining companies. More information is needed on the payoff to such investments, some of which are supported by donors. However, exploration is, of course, only a slice of the resource value chain. Many countries will need to improve management along the entire chain if resource wealth is to benefit their development.
Topic:
Climate Change, Development, Environment, Natural Resources, and Water

43256. Credit at Times of Stress: Latin American Lessons from the Global Financial Crisis

Author:
Liliana Rojas-Suarez and Carlos Montoro
Publication Date:
02-2012
Content Type:
Working Paper
Institution:
Center for Global Development
Abstract:
The financial systems in emerging market economies during the 2008–09 global financial crisis performed much better than in previous crisis episodes, albeit with significant differences across regions. For example, real credit growth in Asia and Latin America was less affected than in Central and Eastern Europe. This paper identifies the factors at both the country and the bank levels that contributed to the behavior of real credit growth in Latin America during the global financial crisis. The resilience of real credit during the crisis was highly related to policies, measures and reforms implemented in the pre-crisis period. In particular, we find that the best explanatory variables were those that gauged the economy's capacity to withstand an external financial shock. Key were balance sheet measures such as the economy's overall currency mismatches and external debt ratios (measuring either total debt or short-term debt). The quality of pre-crisis credit growth mattered as much as its rate of expansion. Credit expansions that preserved healthy balance sheet measures (the “quality” dimension) proved to be more sustainable. Variables signalling the capacity to set countercyclical monetary and fiscal policies during the crisis were also important determinants. Moreover, financial soundness characteristics of Latin American banks, such as capitalization, liquidity and bank efficiency, also played a role in explaining the dynamics of real credit during the crisis. We also found that foreign banks and banks which had expanded credit growth more before the crisis were also those that cut credit most. The methodology used in this paper includes the construction of indicators of resilience of real credit growth to adverse external shocks in a large number of emerging markets, not just in Latin America. As additional data become available, these indicators could be part of a set of analytical tools to assess how emerging market economies are preparing themselves to cope with the adverse effects of global financial turbulence on real credit growth.
Topic:
Debt, Economics, Emerging Markets, Globalization, and Financial Crisis
Political Geography:
Europe, Asia, and Latin America

43257. Innovative Financing in Early Recovery: The Liberia Health Sector Pool Fund

Author:
Amanda Glassman, Jacob Hughes, and Walter Gwenigale
Publication Date:
02-2012
Content Type:
Working Paper
Institution:
International Crisis Group
Abstract:
In post-conflict Liberia, the National Health Plan set out a process for transitioning from emergency to sustainability under government leadership. The Liberia Health Sector Pool Fund, which consists of DfID, Irish Aid, UNICEF, and UNHCR, was established to fund this plan and mitigate this transition by increasing institutional capacity, reducing the transaction costs associated with managing multiple donor projects, and fostering the leadership of the Liberian Health Ministry by allocating funds to national priorities. In this paper, we discuss the design of the health pool fund mechanism, assess its functioning, compare the pooled fund to other aid mechanisms used in Liberia, and look into the enabling conditions, opportunities, and challenges of the pool fund.
Topic:
Development, Health, United Nations, and Foreign Aid
Political Geography:
Africa and Liberia

43258. An Index of the Quality of Official Development Assistance in Health

Author:
Amanda Glassman and Denizhan Duran
Publication Date:
02-2012
Content Type:
Working Paper
Institution:
Center for Global Development
Abstract:
Health is one of the largest and most complex aid sectors: 16 percent of all aid went to the health sector in 2009. While many stress the importance of aid effectiveness, there are limited quantitative analyses of the quality of health aid. In this paper, we apply Birdsall and Kharas's Quality of Official Development Assistance (QuODA) methodology to rank donors across 23 indicators of aid effectiveness in health. We present our results, track progress from 2008 to 2009, compare health to overall aid, discuss our limitations, and call for more transparent and relevant aid data in the sector level as well as the need to focus on impact and results.
Topic:
Development, Health, Human Welfare, Humanitarian Aid, and Foreign Aid

43259. Is There Such a Thing As Middle Class Values?

Author:
Florencia Torche, Luis F. Lopez-Calva, and Jamele Rigolini
Publication Date:
02-2012
Content Type:
Working Paper
Institution:
Center for Global Development
Abstract:
Middle class values have long been perceived as drivers of social cohesion and growth. In this paper we investigate the relation between class (measured by the position in the income distribution), values, and political orientations using comparable values surveys for six Latin American countries. We find that both a continuous measure of income and categorical measures of income-based class are robustly associated with values. Both income and class tend to display a similar association to values and political orientations as education, although differences persist in some important dimensions. Overall, we do not find strong evidence of any “middle class particularism”: values appear to gradually shift with income, and middle class values lay between the ones of poorer and richer classes. If any, the only peculiarity of middle class values is moderation. We also find changes in values across countries to be of much larger magnitude than the ones dictated by income, education and individual characteristics, suggesting that individual values vary primarily within bounds dictated by each society.
Topic:
Economics, Political Economy, Social Stratification, and Culture
Political Geography:
Latin America

43260. Remittances and Rashomon

Author:
Devesh Kapur and Randall Akee
Publication Date:
01-2012
Content Type:
Working Paper
Institution:
Center for Global Development
Abstract:
Utilizing a novel data set on remittance data for India that matches household surveys to administrative bank data, we investigate the differences in self-reported and actual deposits to Non-Resident Indian (NRI) accounts. There is a striking difference between the perceived and actual frequency, as well as the amount of deposits, to NRI accounts. Our results indicate the presence of non-classical measurement error in the reporting of remittances in the form of deposits to NRI accounts. As a consequence, regression analyses using remittances as an explanatory variable may contain large upward biases instead of the usual attenuation of results under classical measurement error. Instrumental variables estimates are no better; the estimated coefficients from these regressions are more than three times the size of the OLS regression results. The results point to the need to more carefully check the accuracy of the international remittance flows. The wide discrepancies in the Indian case could be both because of inaccuracies in the household survey as well as mis-classification of the Balance of Payment data with some fraction of reported remittances being disguised capital flows (and hence likely to be less stable) rather than current account flows for family maintenance.
Topic:
Development, Economics, and Labor Issues
Political Geography:
South Asia