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Begin New Search Topic Economy Content Type Commentary and Analysis Publication Year within 25 Years

1. Chips, subsidies, security, and great power competition

Author:
John Edwards
Publication Date:
05-2023
Content Type:
Commentary and Analysis
Institution:
Lowy Institute for International Policy
Abstract:
Government subsidies to industry in leading economies are large and growing, with potentially deep, wide-ranging, and unpredictable consequences for the world. It is not clear what rules, if any, will apply in this new era of industry competition, nor whether the measures will be effective in denying frontier technology to rival economies. The impacts of industry subsidies and export controls, including for countries such as Australia, hang on their implementation — beneficial in so far as they speed tech innovation, but detrimental if they split the global economy into competing blocs.
Topic:
Security, Economy, Subsidies, Competition, and Microchips
Political Geography:
Australia and Global Focus

2. Southeast Asia Aid Map - Key Findings Report

Author:
Alexandre Dayant, Grace Stanhope, and Roland Rajah
Publication Date:
06-2023
Content Type:
Commentary and Analysis
Institution:
Lowy Institute for International Policy
Abstract:
Official development finance plays an important role in financing Southeast Asia’s development, equivalent to around 10% of total government development spending in the region. China is Southeast Asia’s single largest development partner and leads infrastructure financing. Yet, implementation problems have seen the scale of China’s financing decline in recent years. Traditional development partners collectively still dominate development financing in Southeast Asia at 80% of the total. The multilateral development banks lead the way, followed by Japan, Europe, and South Korea. The United States and Australia are mid-sized players. India and the Middle East have become notable sources of non-traditional development finance, with the Islamic Development Bank playing an important role. Climate development finance is increasing, but Southeast Asia will need more support if it is to transition towards resilient, low-carbon development. Intraregional development cooperation is growing, but only makes up a small part of development finance in Southeast Asia.
Topic:
Climate Change, Development, Humanitarian Aid, Finance, and Economy
Political Geography:
Asia and Southeast Asia

3. Indonesia’s ASEAN Chairmanship: Challenges for Strengthening Democracy Agenda in ASEAN

Author:
Lidya C. Sinaga
Publication Date:
03-2023
Content Type:
Commentary and Analysis
Institution:
East Asia Institute (EAI)
Abstract:
Lidya Christin Sinaga analyzes the internal and external challenges that Indonesia, as the Chair of ASEAN, faces in promoting the principles of democracy in the organization`s agenda. Sinaga claims that the recent cases of Indonesia`s democratic regression have damaged the credibility of its sincerity in spreading democracy in Southeast Asia. On the other end, the ASEAN member states’ growing emphasis on economic performance as their source of legitimacy complicates the regional organization`s commitment to democratic values. Given that the ASEAN has limited influence on its member states’ respective political 시스템s, whether Indonesia can successfully implement democratic agenda this year depends on the extent of the members’ willingness to engage in meaningful political communication. Finally, Sinaga argues that bolstering commitment to democracy within the ASEAN can only be successful when every member states recognize that democratic principles are critical for regional prosperity.
Topic:
Democracy, Economy, ASEAN, and Regional Politics
Political Geography:
Indonesia and Southeast Asia

4. Autonomy Curbed? Kurdish Oil Exports Hit Snags from Turkey and Baghdad

Author:
Joshua Krasna
Publication Date:
07-2023
Content Type:
Commentary and Analysis
Institution:
Foreign Policy Research Institute
Abstract:
For the past three months, the Kurdish region in northern Iraq and its government, the Kurdish Regional Government (KRG) have been facing one of the most serious challenges in the two decades of its formal existence. The pipeline through which it exports some 400,000 barrels of oil a day (b/d) – 10 percent of the overall Iraqi exports and 0.5 percent of global production – has been closed since March 25, at an estimated cost of close to a billion dollars a month (approximately $30 million daily). The KRG has depended on income from oil exports for some 80 percent of its budget. The stoppage came after a decade-long arbitration between the Government of Iraq (GOI) and Turkey by the Paris-based International Chamber of Commerce was decided in March in Iraq’s favor. Turkey was ordered to cease loading Kurdish oil without GOI supervision, and to pay Baghdad $1.5 billion in owed fees (Baghdad had demanded $30 billion). Baghdad had claimed that use of the pipeline from northern Iraq to the port of Ceyhan in Turkey by the Kurds without GOI consent was in violation of a bilateral agreement between the two countries from 1973, the annex of which states Turkey would only buy oil from Iraq’s state-owned oil marketer.
Topic:
Oil, Economy, Exports, and Autonomy
Political Geography:
Iraq, Turkey, Middle East, and Kurdistan Region of Iraq (KRI)

5. A Southern Reshuffle – The Yemen Review, May 2023

Author:
Sana'a Center for Strategic Studies
Publication Date:
05-2023
Content Type:
Commentary and Analysis
Institution:
Sana'a Center For Strategic Studies
Abstract:
Political news in May was dominated by the reorganization and resurgence of the Southern Transitional Council (STC). Seemingly sidelined by the Saudi-Houthi talks and the Kingdom’s support of Presidential Leadership Council (PLC) chief Rashad al-Alimi, the Emirati-backed group extended its influence through the recruitment of powerful politicians, an internal reorganization, and a conference resulting in a new ‘Southern National Charter.’ Saudi-Houthi negotiations appear to have stalled over disagreement on a number of long-standing issues, but the recent involvement of China could bring additional resources and leverage to the table. The STC’s revived fortunes have led to renewed political and military mobilization in Hadramawt. The Nation’s Shield forces, paid for and supplied by Saudi Arabia, but under the nominal control of President Al-Alimi, increased their presence in the governorate, and were visited by the Saudi coalition commander before assuming control of an important border crossing. For their part, STC-affiliated forces took up positions on the strategic Ataq-Al-Abr road linking Hadramawt and Shabwa, including a key stretch used by Islah-affiliated forces. Al-Qaeda in the Arabian Peninsula also stepped up its activity, conducting at least two drone strikes in Shabwa as it publicly condemned the easing of tensions between Saudi Arabia and Iran. The Houthis launched their latest offensive in the economic war, banning the sale of domestically produced cooking gas in favor of imports. Imported gas is more expensive, but the brunt of the impact will be felt by the internationally recognized government and its production facilities in Marib. Having shut down the government’s oil exports and rerouted trade to deprive it of customs fees, the sanction will further cripple the government’s finances. It is already having trouble purchasing sufficient fuel to keep the lights on – May saw an extension of rolling blackouts in Aden as a Saudi grant has expired without extension. Summer sees the highest demand for electricity, but a number of generators in the interim capital have already shut down due to the shortage.
Topic:
Economy, Houthis, and Armed Conflict
Political Geography:
Middle East, Yemen, and Gulf Nations

6. Civil Society in Tunisia: Resetting Western Policy Expectations

Author:
Sabina Henneberg, Amy Hawthorne, and Jean-Louis Romanet Perroux
Publication Date:
01-2023
Content Type:
Commentary and Analysis
Institution:
The Washington Institute for Near East Policy
Abstract:
On January 23, The Washington Institute held a virtual Policy Forum with Sabina Henneberg, Amy Hawthorne, and Jean-Louis Romanet Perroux. Henneberg is the Institute’s Soref Fellow and author of its new study Civil Society in Tunisia: Resetting Expectations. Hawthorne is deputy director for research at the Project on Middle East Democracy (POMED). Perroux is director of the Tunisia-based North African Policy Initiative. The following is a rapporteur’s summary of their remarks.
Topic:
Civil Society, Reform, Democracy, and Economy
Political Geography:
North Africa and Tunisia

7. Egypt’s Economic Freefall Provides an Opening for U.S. Assistance—and Leverage

Author:
Ben Fishman
Publication Date:
01-2023
Content Type:
Commentary and Analysis
Institution:
The Washington Institute for Near East Policy
Abstract:
As Secretary of State Antony Blinken prepares to visit Cairo on January 29-30, Egypt’s economy has been busy plummeting to new lows. Part of the blame can be laid on the twin shocks of the COVID-19 pandemic and the Ukraine war, which disproportionately affected the country due to its heavy reliance on threatened resources such as wheat and tourism revenue from Russia and Ukraine. Yet the bulk of its struggles can be attributed to Cairo’s broad economic mismanagement under President Abdul Fattah al-Sisi, which has included everything from currency manipulation to misplaced spending priorities, wasteful megaprojects, and undue state and military control over the economy. Since March 2022, Egypt’s currency has lost half its value and now stands at 30 pounds to the U.S. dollar—a drop spurred by the flight of dollars and the IMF’s requirement to adopt a flexible exchange rate. As a result, official inflation reached nearly 22% in December, fifteen points higher than it was at the end of 2021. Shortages are now frequent, and prices for basic goods have soared by nearly 40%. The rising cost of essential bread in particular will be difficult to maintain much longer. Meanwhile, the debt-to-GDP ratio has risen to 95%, with a record $100 billion in loan payments due over the next four years. Egypt’s 2022-23 budget allocates over 50% to debt servicing and loan repayments, and this sky-high figure will only increase further over time because the loans are dollar-denominated.
Topic:
Foreign Policy, Human Rights, Foreign Aid, Reform, and Economy
Political Geography:
Middle East, North Africa, Egypt, and United States of America

8. The Lebanon Human Rights Report: Punting on Accountability?

Author:
David Schenker
Publication Date:
03-2023
Content Type:
Commentary and Analysis
Institution:
The Washington Institute for Near East Policy
Abstract:
When the U.S. State Department issued its annual Country Reports on Human Rights Practices last week, the document’s assessment of Lebanon’s track record in 2022 stood out for its significant elisions. Although the comprehensive nature of these reports generally makes them a valuable tool for accountability, their diplomatically sensitive content is sometimes colored by an administration’s perceived exigencies regarding a given bilateral relationship. The fact that Lebanon’s report largely avoids some of the country’s more controversial human rights issues therefore seems more than coincidental. Whatever the case, the omissions are a missed opportunity for facilitating just the type of accountability Lebanon needs to pry itself out of its current morass.
Topic:
Human Rights, Armed Forces, Economy, and Accountability
Political Geography:
Middle East and Lebanon

9. Italy’s Pivot to the Indo-Pacific – Towards a Value-driven Foreign Policy?

Author:
Nicola Casarini
Publication Date:
05-2023
Content Type:
Commentary and Analysis
Institution:
Istituto Affari Internazionali
Abstract:
Italy is stepping up its involvement in the Indo-Pacific, both in the economic and security realms. The cabinet led by Giorgia Meloni – a centre-right coalition often portrayed by commentators as right-wing and nationalist – is rebalancing Rome’s policy in the Far East by scaling down ties with Beijing and by effectively lending support to the United States and its Asian allies vis-à-vis an increasingly assertive and self-confident China. Moving away from previous centre-left governments that tended to prioritise commercial relations with Beijing, the conservative coalition in power since September 2022 has been fostering defence-related cooperation with Japan and India and chip-related cooperation and investments with Taiwan. Moreover – and remarkably for a country that has long been absent from Asian security – the Italian government has sent a patrol vessel to the South China Sea and plans to forward the country’s flagship aircraft carrier to the area to conduct joint exercises with the navies of Australia, Japan, the United Kingdom and the United States. The quantity and quality of initiatives being undertaken warrant the label of an Italian ‘pivot’ to the Indo-Pacific. By upgrading its presence in the region, Italy joins the other G7 nations in their efforts to uphold the rules-based order and dissuade Beijing from invading Taiwan. However, to consolidate the western anchorage of this pivot, the Meloni government needs to fully align its policy towards Beijing with that of the Euro-Atlantic allies – which includes deciding whether to continue to lend Italy’s official support to China’s Belt and Road Initiative or not.
Topic:
International Relations, Security, Foreign Policy, Economy, and Belt and Road Initiative (BRI)
Political Geography:
China, Europe, Taiwan, Asia, Italy, and Indo-Pacific

10. Responding to the Looming Food Crisis and Managing Political Stability in Indonesia

Author:
Bustanul Arifin and Maria Monica Wihardja
Publication Date:
08-2022
Content Type:
Commentary and Analysis
Institution:
East Asia Institute (EAI)
Abstract:
In this issue briefing, Dr. Bustanul Arifin, Professor of Agricultural Economics at Lampung University, and Dr. Maria Monica Wihardja, Economist and Visiting Fellow at the ISEAS-Yusof Ishak Institute, analyze the impending food crisis in Indonesia. First, they provide an overview of the global food economy and the factors affecting food price inflation in Indonesia, including COVID-19, the war in Ukraine, and rising oil and gas prices. Then, they discuss the policy measures Indonesia has adopted to bolster food security, which include initiatives to increase agricultural production and address problems at all levels of the distribution chain, including creating social welfare programs to expand food access. Looking to the future, the authors argue that protectionist and isolationist policies like import/export bans are counterproductive. Rather, food supply chains should be considered a global public good; international cooperation on protective mechanisms like global and regional food buffer stocks can help to ward off crises when unexpected disruptions in the food supply chain occur.
Topic:
Democracy, Economy, Political stability, and Food Crisis
Political Geography:
Indonesia and Southeast Asia

11. The Influence of the COVID-19 Pandemic on the DPRK-China Economic Ties and their Impact on the Korean Peninsula

Author:
Eun-lee Joung
Publication Date:
10-2022
Content Type:
Commentary and Analysis
Institution:
East Asia Institute (EAI)
Abstract:
In normal economies, currencies weaken in times of difficulty, but something counter-intuitive happens in North Korea. Eun-lee Joung, a research fellow at Korea Institute for National Unification claims that the value of the North Korean won appreciated, and the market prices were remarkably stable although North Korea’s economy suffered its biggest contraction during the pandemic situation. Dr. Joung states that the partial lockdown of the border between North Korea and China, and North Korea’s various changes to deal with the sanctions including the substitution of imported goods with domestic goods may have contributed to the outcome. Meanwhile, she mentions that intensifying U.S.-China strategic competition and the possibility of a prolonged conflict between Russia and Ukraine could increase North Korea’s economic reliance on China and Russia which will impede the re-establishing relations between the two Koreas. However, as the cooperation between North Korea and China in tourism has increased up before the COVID-19 outbreak, Dr. Joung highlights that Pyongyang’s tourism industry is likely to expand, which is expected to stimulate non-governmental exchange and induce North Korea toward openness.
Topic:
Economy, Currency, COVID-19, and Unification
Political Geography:
China, Asia, South Korea, and North Korea

12. Argentina 20 Years After La Crisis del 2001

Author:
María Félix Herrera and María Félix Herrera
Publication Date:
04-2022
Content Type:
Commentary and Analysis
Institution:
The North American Congress on Latin America (NACLA)
Abstract:
As the government closed a new agreement with the International Monetary Fund, Argentine societyrevisited painful memories from its biggest financial crisis in recent history.
Topic:
Financial Crisis, Economy, and IMF
Political Geography:
Argentina and South America

13. CONTAINMENT 2.0: SANCTIONS FOR THE LONG HAUL

Author:
David A. Lake
Publication Date:
03-2022
Content Type:
Commentary and Analysis
Institution:
Political Violence @ A Glance
Abstract:
The West is not imposing coercive sanctions on Russia to stop its current aggression. No one seriously expects that the sanctions will cause President Putin to withdraw from Ukraine. NATO made clear before the war that its members will not defend Ukraine with military force. The European members have also, as expected, carved out exceptions to the sanctions regime for oil and gas so as not to impose too much pain on their own economies. Putin anticipated the general scope of the sanctions likely to be imposed on Russia and decided it was worth invading Ukraine anyways. While he may have been surprised by the extent of the sanctions and unity of NATO so far, this is not enough to alter his calculus. Indeed, he is doubling down on the original plan. He also knows that he has other weapons and forms of coercion against the West up his sleeve. Rather, we are seeing the birth of a possible Containment 2.0, a forced decoupling of Russia from the Western international economy. This is a long-term, not a short-term, strategy. The point is to undermine the Russian economy, stifle its technological progress, deny Russians a standard of living comparable to that of the West, and break support for the regime over time. In doing so, the West undermines Russia’s ability to compete militarily, aiming to forestall further Ukraines, and weakens Putin’s hand at home and abroad.
Topic:
NATO, International Trade and Finance, Sanctions, Economy, and Containment
Political Geography:
Russia, Europe, Ukraine, Global Focus, and United States of America

14. The Graveyard of Hubris – Yemen Annual Review 2021

Author:
Sana'a Center for Strategic Studies
Publication Date:
03-2022
Content Type:
Commentary and Analysis
Institution:
Sana'a Center For Strategic Studies
Abstract:
Through most of 2021, the armed Houthi movement appeared unstoppable. As their forces pushed relentlessly toward Marib city, the fall of the last government stronghold in the north began to seem inevitable. Rich in oil and gas, its loss would be a mortal blow to the spiraling economy and political legitimacy of the internationally recognized government. Along frontlines across the country, Houthi forces either held their ground or advanced, showing a cohesiveness, discipline and effectiveness unmatched by the motley array of armed groups opposing them. Houthi drones and ballistic missiles flew across the border into Saudi Arabia, and continued even in the face of retaliatory airstrikes, heightening the cost of conflict for the coalition. Houthi military efforts were buttressed by developments behind the frontlines and beyond Yemen’s borders. A significant threat to the movement emerged and vanished without the Houthis even having to respond. The group was designated a Foreign Terrorist Organization (FTO) in January 2021 as a swan song of the Trump administration in Washington, but the decision was rescinded less than a month later by newly inaugurated US President Joe Biden after the United Nations and aid organizations testified it would paralyze humanitarian operations. For Houthi leaders, it was an affirmation of their strategy of holding the wellbeing of the civilian population hostage, giving the international community the poisoned choice of abandoning people in need or propping up the Houthi state. The group has been able to marshal humanitarian assistance to underwrite economic activity in the areas it controls, helping to legitimate its rule and freeing up resources for its war effort. Houthi security forces have successfully suppressed dissent, and an ever-growing number of children and adults are indoctrinated into the group through the rewriting of school curricula and religious teachings at mosques. The economy remained relatively stable in Houthi-held areas, even as searing inflation took hold elsewhere in the country. Its apparent success has furthered the group’s zealotry and sense of impunity, both on display in September with the public executions of eight men and a minor in Sana’a. In sum, the Houthis’ theocratic state-building project continued to gain steam through 2021. The Graveyard of Hubris – Yemen Annual Review 2021 - Sana'a Center For Strategic Studies https://sanaacenter.org/publications/the-yemen-review/16768
Topic:
Politics, Military Affairs, Economy, Houthis, and Armed Conflict
Political Geography:
Yemen and Gulf Nations

15. Taiz Siege Continues as Talks Face Roadblocks – The Yemen Review, June 2022

Author:
Sana'a Center for Strategic Studies
Publication Date:
07-2022
Content Type:
Commentary and Analysis
Institution:
Sana'a Center For Strategic Studies
Abstract:
A truce between the internationally recognized Yemeni government and the armed Houthi movement was extended on June 2 and has largely held, despite intermittent violence and unresolved issues from the original agreement. While the truce has succeeded in limiting violence and facilitated the reopening of Sana’a airport, negotiations over the besieged city of Taiz have devolved into recriminations, fueling concerns that the armed Houthi movement will renege on its commitment to reopen access to the city. UN-facilitated negotiations on lifting the blockade of major roads into the city continued into July. Yemen’s economic performance over the month of June was characterized by familiar patterns of fuel shortages and renewed depreciation of the rial in government-held territory. The slide was halted by news of a further US$400 million in pledged Saudi financial support, announced as Presidential Leadership Council head Rashad al-Alami visited Riyadh. Saudi Arabia and the UAE have announced billions of dollars in economic support since the PLC took over executive responsibilities in early April, though it is unclear how much has been delivered as Riyadh and Abu Dhabi are demanding institutional and governance reforms before allowing the Yemeni government to access most of these funds. Renewed fuel shortages in the south precipitated familiar scenes of long lines at petrol stations. Anger over price hikes and power outages during the height of summer, combined with a perceived failure of the government to implement timely economic reforms, sparked demonstrations in Aden and other areas of southern Yemen. The demonstrations overshadowed Al-Alami’s otherwise fruitful tour of regional capitals, where he secured promises of various forms of support from Egypt, Bahrain, Kuwait and Qatar.
Topic:
Economy, Fossil Fuels, Houthis, and Armed Conflict
Political Geography:
Middle East, Yemen, and Gulf Nations

16. Showdown in Shabwa Shakes Government – The Yemen Review, August 2022

Author:
Sana'a Center for Strategic Studies
Publication Date:
09-2022
Content Type:
Commentary and Analysis
Institution:
Sana'a Center For Strategic Studies
Abstract:
Long-running tensions between the Islamist Islah party and UAE-backed groups in Shabwa erupted into open conflict in August, with the Giants Brigades and STC-aligned Shabwa Defense forces driving Islah-aligned military and security forces from the governorate. The expulsion of Islah from Shabwa and the STC’s subsequent takeover of much of neighboring Abyan governorate raised questions about the ability of the Presidential Leadership Council (PLC) to resolve tensions between anti-Houthi parties and the nature of any future peace deal. Despite being extended on August 2, the UN-brokered truce between the government and the Houthi movement saw its first major violation later in the month when Houthi forces attempted to take control of the last major government-controlled road out of Taiz city, prompting widespread international condemnation and the government’s withdrawal from UN-facilitated talks in Amman. Although the pledged Saudi-Emirati financial aid to the government remains stalled, the exchange rate in government-held territory has remained relatively stable, with the rial even appreciating somewhat following PLC head Rashad al-Alimi’s visits to Abu Dhabi and Riyadh in the middle of the month. Despite this, and news of the resumption of grain shipments from Ukraine under a UN-backed deal, issues remain around food price affordability and fuel availability.
Topic:
Security, Foreign Policy, Economy, and Armed Conflict
Political Geography:
Middle East, Yemen, and Gulf Nations

17. Ana María Otero-Cleves and writing about the Global from the Periphery: Interview with the Winner of the Toynbee First Book Manuscript Workshop Competition

Author:
Ana María Otero-Cleves and Nicole CuUnjieng Aboitiz
Publication Date:
09-2022
Content Type:
Commentary and Analysis
Institution:
The Toynbee Prize Foundation
Abstract:
Ana María Otero-Cleves’s book manuscript examines how Colombian peasants, artisans, formerly enslaved people, bogas (river boatmen), market women, and small landholders became the largest consumers of foreign commodities between the mid-nineteenth century and early twentieth century (1850–1910). It is the first study to argue that the consumption of foreign goods was not solely, nor primarily, an upper-class phenomenon and that the tastes and demands of the country’s popular sectors changed nineteenth-century patterns of production abroad. The manuscript demonstrates that far from being indigenous, the material culture of broad sections of the country’s population was inextricably intertwined with global trends by the end of the nineteenth century. It shows that the appropriation of imported commodities by Colombian popular sectors was in great part due to foreign manufacturers’ willingness to alter or redesign their products to satisfy their demands. Thus, by following the preferences of the popular sectors for English textiles, American machetes, and French patent medicines, among many other foreign commodities, the book demonstrates how, in their capacity as free citizens, Latin American consumers became active agents in the construction of the nation’s marketplace as well as dynamic participants in the global circulation of modern commodities. By methodologically and narratively shifting from the periphery to the centre, the book offers an exciting and original perspective on global interconnectivity in the nineteenth century, where the taste of the popular sectors of apparently isolated countries, such as Colombia, played a key part. Historians, scholars, and students interested in the global history of consumption will find this seemingly marginal case study ideal for testing theories proposed by social scientists on global relationships and on the ability of “peripheral” subjects to transform global dynamics. By examining how popular consumers’ demands affected patterns of exchange and production in Europe and the United States, Otero-Cleves contests the presumption that Colombia’s global relationships in the nineteenth century were dictated solely by outsiders and, even more so, the country’s elites. Moreover, this case study forcefully challenges ongoing stereotypes about Latin America’s peripheral role in the world economy and its unquestionable “dependency” and, furthermore, the lack of agency in the marketplace of the popular classes. By showing how popular consumption was a key broker between political economy and citizenship in the mid-nineteenth century, the manuscript also engages with the burgeoning historiography on subaltern groups and popular politics in nineteenth-century Latin America. The manuscript shows how popular sectors participated in the market economy not only as part of the country’s labour force but as individuals engaged in the consumption and adoption of new needs and comforts; it also explores the extent to which their role as consumers shaped ideas and practices of citizenship in mid-nineteenth-century Colombia. The study not only suggests that citizenship was formed, contested, and recognised in fairs, streets, plazas, tiendas, and local markets but argues that men’s and women’s entry into the market economy and their pursuit of material betterment gave meaning to ideas of citizenship and fashioned practices of political recognition in the second half of the century.
Topic:
History, Citizenship, Economy, Commodities, and Historiography
Political Geography:
Colombia, South America, and Latin America

18. How to make Indonesia’s sovereign wealth fund work

Author:
Kyunghun Kim
Publication Date:
07-2022
Content Type:
Commentary and Analysis
Institution:
Lowy Institute for International Policy
Abstract:
The Indonesian government has established a sovereign wealth fund: the Indonesia Investment Authority (INA). Unlike many other sovereign wealth funds that manage large national savings, INA seeks to attract foreign co-investors to help fund economic development. INA’s near-term role is to purchase assets from heavily-indebted infrastructure-related state enterprises to improve their financial health and allow them to carry out further development projects. INA’s corporate governance arrangements are reasonable on paper. Much will depend on implementation. INA has attracted interest from a variety of international financiers, including state-backed investors from the United States, Japan, United Arab Emirates, and China. Clarifying INA’s investment goals and strengthening external monitoring mechanisms could help attract greater interest.
Topic:
Sovereign Wealth Funds, Economy, Investment, and Corporate Governance
Political Geography:
Indonesia and Southeast Asia

19. Revising down the rise of China

Author:
Roland Rajah and Alyssa Leng
Publication Date:
03-2022
Content Type:
Commentary and Analysis
Institution:
Lowy Institute for International Policy
Abstract:
China will likely experience a substantial long-term growth slowdown owing to demographic decline, the limits of capital-intensive growth, and a gradual deceleration in productivity growth. Even with continued broad policy success, our baseline projections suggest annual economic growth will slow to about 3% by 2030 and 2% by 2040, while averaging 2–3% overall from now until 2050. China would still become the world’s largest economy, but it would never enjoy a meaningful lead over the US and would remain far less prosperous and productive per person even by mid-century.
Topic:
Demographics, Economy, Economic Growth, and Strategic Competition
Political Geography:
China, Asia, and United States of America

20. The Russian invasion to Ukraine: An agribusiness perspective

Author:
Hugo Krajnc
Publication Date:
03-2022
Content Type:
Commentary and Analysis
Institution:
Argentine Council for International Relations (CARI)
Abstract:
It is quite relevant that the arguments used to justify the Russian invasion to Ukraine do not highlight economic components. Although it may be difficult to assert that such decision was also driven by economic issues, it is quite hard as well to deny that those were not involved, given the traditional Russian geopolitical perspective.
Topic:
War, Economy, Conflict, and Agribusiness
Political Geography:
Russia, Ukraine, and Eastern Europe