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You searched for: Content Type Commentary and Analysis Remove constraint Content Type: Commentary and Analysis Publishing Institution Italian Institute for International Political Studies (ISPI) Remove constraint Publishing Institution: Italian Institute for International Political Studies (ISPI) Publication Year within 1 Year Remove constraint Publication Year: within 1 Year Publication Year within 10 Years Remove constraint Publication Year: within 10 Years Topic Economy Remove constraint Topic: Economy
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  • Author: Giulia Di Donato
  • Publication Date: 05-2020
  • Content Type: Commentary and Analysis
  • Institution: Italian Institute for International Political Studies (ISPI)
  • Abstract: During the last four decades, China experienced impressive economic growth, becoming one of the leading powers of the global economy. After a century of humiliation imposed by Western and Japanese colonial powers, today the country is demonstrating a strong desire to achieve its national rejuvenation (guojia fuxing). Indeed, under the iconic leadership of President Xi Jinping, China is adopting an increasingly assertive international behavior, balancing the need to protect its sovereignty and strategic interests related to economic and security issues, and the ambition to restore its role of a great power[1]. In this context, the Belt and Road Initiative (BRI) - a massive infrastructure project to improve connectivity between the East and the West, increase regional cooperation and facilitate trade and investments - has been described as China’s grand strategy championing its global governance ambitions[2]. Indeed, BRI-participating economies represent more than one-third of global GDP, and over half of the world’s population (OECD 2017).
  • Topic: Regional Cooperation, Economy, Grand Strategy, Belt and Road Initiative (BRI)
  • Political Geography: China, Europe, Asia
  • Author: Naser al-Tamimi
  • Publication Date: 01-2020
  • Content Type: Commentary and Analysis
  • Institution: Italian Institute for International Political Studies (ISPI)
  • Abstract: With more than 136 countries (end-July 2019) reported to have signed up to the Belt and Road Initiative (BRI hereafter) since it was announced by President Xi Jinping in 2013, estimates for China's potential BRI investments vary significantly, from around US $1 trillion to as much as US $8 trillion. China’s spectacular economic rise over the last three decades has been accompanied by a sharp increase in its energy demand. As a result, China is the world’s largest energy consumer. As its economy continues to grow, even at lower rates than before, its dependence on oil and gas imports will increase over the next two decades.
  • Topic: Oil, Economy, Soft Power, Belt and Road Initiative (BRI)
  • Political Geography: China, Asia
  • Author: Jessica Obeid
  • Publication Date: 03-2020
  • Content Type: Commentary and Analysis
  • Institution: Italian Institute for International Political Studies (ISPI)
  • Abstract: Lebanon defaulted on its debt for the first time in the country’s history. Many factors have contributed to this economic and fiscal crisis, but at the heart of them is the electricity sector, accountable for more than $39.5 billion, equivalent to 43 percent of the public debt, and embodying the core structural issues of Lebanon; a non-functioning confessional system built on the foundation of vested interests.
  • Topic: Debt, Infrastructure, Financial Crisis, Economy, Electricity
  • Political Geography: Middle East, Lebanon
  • Author: Marina Calculli
  • Publication Date: 03-2020
  • Content Type: Commentary and Analysis
  • Institution: Italian Institute for International Political Studies (ISPI)
  • Abstract: Lebanon’s sovereign default comes at a heavy price for Hezbollah. This is not simply because of Hezbollah’s powerful role within the government that failed to repay a $1.2 bn bond on 10 March 2020. This is mainly because Hezbollah’s rivals are likely to use the current financial crisis to impose an external authority over Lebanon and increase pressure on the ‘Party of God’ to disband its armed wing.
  • Topic: Security, Financial Crisis, Economy, Hezbollah
  • Political Geography: Middle East, Lebanon
  • Author: Tom Rhodes
  • Publication Date: 03-2020
  • Content Type: Commentary and Analysis
  • Institution: Italian Institute for International Political Studies (ISPI)
  • Abstract: While there is never a good time for a country to face an epidemic, it could not come at a worse time for a country in transition like Sudan. Prior to the first cases of the coronavirus confirmed on 13 March, the country already faced a humanitarian and economic crisis. In February, the inflation rate was at 71% and prices were double those cited in 2019, according to the US-funded food monitoring body, the Famine Early Warning System (FEWS). The Under-Secretary-General for Political and Peace-building Affairs, Rosemary DiCarlo, told the UN Security Council recently that Sudan’s humanitarian needs were severe, with 9.3 million people needing aid by the end of 2019.
  • Topic: Economy, Humanitarian Crisis, Transition, COVID-19
  • Political Geography: Africa, Sudan
  • Author: Yasir Zaidan
  • Publication Date: 05-2020
  • Content Type: Commentary and Analysis
  • Institution: Italian Institute for International Political Studies (ISPI)
  • Abstract: Only a few short months following the one year anniversary of the Sudanese revolution, Khartoum is facing a global pandemic and a deteriorating economic situation. Over the last decade, Sudanese people have been suffering from inflation and gas shortages as a result of losing 75 percent of its oil revenue that was assumed by South Sudan after the separation of the two states. The failing economy that contributed to the fall of the Bashir's regime is now getting worse, and the transitional government has yet to implement any fundamental reforms to rescue a weak transitional period in Sudan. The government's failure to achieve these reforms stems from deep ideological divisions inside the revolution's political coalition.
  • Topic: Oil, Economy, Transition
  • Political Geography: Africa, Sudan