In his famous book, "The End of History and the Last Man", published in 1992, Francis Fukuyama argued that Western democracy represents the end point of the socio-cultural evolution of humanity and the final form of government.
Topic:
Economics, International Trade and Finance, Markets, Treaties and Agreements, and Foreign Direct Investment
There have been many calls for a rebalancing of investor protection and state sovereignty in the investment treaty system. However, another equally important shift is underway: the recalibration of interpretive authority between treaty parties and arbitral tribunals. In newer-style investment treaties, states are increasingly protecting and enhancing their role in interpreting and applying their treaties.
Topic:
Economics, Government, International Trade and Finance, Markets, Treaties and Agreements, and Foreign Direct Investment
The China-US bilateral investment treaty (BIT) negotiations have attracted attention due to the relative size and weight of both economies. Despite broad consensus about the importance of such a treaty, there is considerable debate about its shape and content. The debate is reflected in two recent Columbia FDI Perspectives. Donnelly argued that a China-US BIT should be modeled on the US Model BIT without "splitting the difference between Chinese and US positions", and that the possibility of meaningful BIT negotiations are "really up to China at this point".
Topic:
Economics, Globalization, International Trade and Finance, Bilateral Relations, Foreign Direct Investment, and Governance
The hottest topic in world trade these days is the Trans-Pacific Partnership (TPP). Hailed as a state-of-the-art free trade agreement (FTA), it will unite 11 countries—Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam—with a combined GDP of almost $21 trillion (about 30 percent of world GDP) and $4.4 trillion in exports of goods and services, or about a fifth of total world exports. If you add Japan and South Korea—who are actively exploring entry later this year—TPP would cover 40 percent of world GDP and nearly a third of world exports.
Political Geography:
United States, Malaysia, Canada, Latin America, Singapore, Peru, New Zealand, and Brunei
Latin America has bounced back economically in the past decade. Between 2002 and 2012, the region has seen strong and stable growth, low inflation and improved economic fundamentals. As a result, the weight of the region in global economic output increased from about 6 percent in the 1990s to 8 percent in 2012. With that has come a greater voice in the global economy.
In November 2009, the cover of The Economist showed the iconic Christ statue overlooking Rio de Janeiro blasting off into outer space. This image, along with the cover headline, "Brazil Takes Off," represented the Carnaval-like euphoria about Brazil that infected journalists and financial markets at the time, buoyed by the country's impressive economic performance in the wake of the 2008 global financial crisis.
The study of what scholars focus on and debate helps to shape how policy is understood and discussed in the public realm and, sometimes, even made. However, a close look at the past three decades of scholarly publications on U.S.–Latin American relations, covering 174 peer-reviewed articles and 167 non-edited books, reveals a disconnect with many of the themes and realities in the region today.
In June 2003, Brazil's then-President Luiz Inácio Lula da Silva found himself on the sidelines of a G8 summit in France, along with his counterparts from India and South Africa. They had been invited to the summit as observers, but the invitation served mostly to underscore a common frustration. "What is the use of being invited for dessert at the banquet of the powerful?" as Lula later put it. "We do not want to participate only to eat the dessert; we want to eat the main course, dessert and then coffee."
Over the past decade, prices of major commodities (e.g., oil, coal, copper, gold, silver, tin, and iron ore) have skyrocketed, igniting a global boom in natural resources. Before this fairly recent development, a common assumption was that the world was entering a period of resource scarcity, most notably for oil, which would accelerate an eventual transition to renewable energy and weaken the reliance on carbon-loaded fossil fuels. While popular perceptions of oil and gas extraction are marked by explosive gushers needing only to be pumped—think of the 2007 film There Will Be Blood—deposits of commonly used resources are deeper, more remote, require more mining and processing, are more energy- and water-intensive, and more toxic than such images represent.
Howard J. Wiarda, Flavio Dario Espinal, Pablo E. Guidatti, and Cynthia J. Arnson
Publication Date:
04-2014
Content Type:
Journal Article
Journal:
Americas Quarterly
Institution:
Council of the Americas
Abstract:
Political and economic integration schemes have long been a staple of Latin American foreign policy. But changes in the regional and global economy since the early 2000s have created new incentives for the reform of global governance mechanisms to reflect the new constellations of political and economic power. South American countries benefited from soaring Chinese demand for commodities, energy and agricultural products, put their fiscal houses in order after years of painful adjustment, and implemented social programs that lifted tens of millions of people out of poverty and reduced inequality. The United States and Europe, meanwhile, remain mired in recession, leading prominent Latin American intellectuals to speak of historic power shifts from West to East.