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  • Author: Julien Maire, Adnan Mazarei, Edwin M. Truman
  • Publication Date: 02-2021
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: In the last two decades, sovereign wealth funds (SWFs)—funds accumulated by a government that are invested in whole or in part abroad to benefit the country in the future—have faced increased public scrutiny over their investment patterns, financial results, and governance. This Policy Brief updates and expands a prototype scoreboard rating the transparency and accountability of SWFs, which Truman established in 2007. This fifth edition of the scoreboard shows that the average scores continued to improve for the 64 SWFs examined, but governance issues remain. New funds have emerged—many of them government holding companies or strategic investment funds—but the growth of assets under management by SWFs has slowed, in some cases partly because of withdrawals to help finance expenses related to the COVID-19 pandemic, raising questions about their future role.
  • Topic: Government, Markets, Sovereign Wealth Funds, Governance, Regulation, Capital
  • Political Geography: Global Focus
  • Author: Julien Maire
  • Publication Date: 11-2020
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: In March 2020, most countries implemented stringent measures—closing schools and workplaces, limiting public gatherings, and curbing travel—to reduce the spread of the SARS-CoV-2 virus, which causes COVID-19. Using the Oxford Stringency Index and smartphone data from Google, Maire examines the effects of the stringent measures implemented in March–May 2020 on individual mobility. The results suggest that stringent measures were more effective at reducing individual mobility in higher-income countries than in lower-income countries and that the differences reflect factors such as extreme poverty, perception of risk, the share of vulnerable employment, number of hospital beds, age distribution of the population, and population density. Understanding how the effects of lockdown measures on individual mobility differed across countries is important to determine the effectiveness of such measures on health outcomes and their impact on economic activity.
  • Topic: Health, Science and Technology, Governance, COVID-19
  • Political Geography: Global Focus
  • Author: Leah Zamore, Ben Phillips
  • Publication Date: 06-2020
  • Content Type: Policy Brief
  • Institution: Center on International Cooperation
  • Abstract: A growing body of evidence shows that the COVID-19 crisis is significantly affecting people’s priorities for the future. With economies around the world suffering the impact of the pandemic, the global public wants governments to adopt bold approaches in response—and polls from a range of countries show that large majorities believe their actions have not been strong enough. In this briefing, Leah Zamore and Ben Phillips examine global polling data to show what kinds of policies—including those previously deemed “radical”—are now garnering widespread support. They find that people want governments to act boldly both in responding to the immediate economic crisis and in fundamentally transforming the social contract moving forward. The briefing examines polling on a range of topics, from wide support for redistributive programs and a rejection of austerity policies, to the growing popularity of measures that check corporate power in favor of workers and consumers.
  • Topic: Governance, Public Opinion, Economy, Humanitarian Crisis, COVID-19
  • Political Geography: Global Focus
  • Author: Marc Jacquand
  • Publication Date: 10-2020
  • Content Type: Policy Brief
  • Institution: Center on International Cooperation
  • Abstract: In recent years, the International Monetary Fund (IMF), the World Bank, and the United Nations (UN) have increased their collaboration and strengthened their respective capacities to engage more effectively in fragility, conflict, and violence (FCV) contexts. Recent global developments, particularly the COVID-19 pandemic, point to the need to accelerate such efforts and deepen collaboration between these three institutions. Everywhere—including in high-income countries—political turbulence and contestation of traditional governance arrangements are increasing the stakes and impact of macroeconomic decisions, and now of pandemic response measures. This extremely challenging global landscape, where risks intersect with increasing virulence, is calling out for greater collaboration between the IMF, the Bank, and the UN, as the three institutions to which many countries that find themselves facing such crises often turn. This briefing by Marc Jacquand makes the case for increased collaboration on four levels: factual, financial, political, and counterfactual. It also lays out the challenges, both internal and external, that impede collaboration. Finally, it makes recommendations for institutional improvements to facilitate more effective joint work in FCV contexts.
  • Topic: United Nations, Governance, Reform, Multilateralism, Crisis Management, IMF, COVID-19
  • Political Geography: Global Focus
  • Author: David Steven, Maaike de Langen
  • Publication Date: 04-2020
  • Content Type: Policy Brief
  • Institution: Center on International Cooperation
  • Abstract: The COVID-19 pandemic is an unprecedented global emergency. It is not only a health crisis but also a human rights crisis. Justice actors face daunting responsibilities as they design, implement, and enforce new measures to prevent the spread of infection. Measures that heighten the risk of human rights abuses can undermine trust, at a time when the justice system most needs to maintain the public’s confidence. For better or for worse, justice systems and justice workers are on the frontline of this pandemic. This Pathfinders briefing, drafted by lead authors David Steven, Maaike de Langen, Sam Muller, and Mark Weston with the input of more than 50 justice experts from around the globe, discusses the most pressing priorities that the public health emergency poses for justice leaders and proposes seven areas for urgent action as the tide of infections continues to rise. It is the first in the Justice in a Pandemic series.
  • Topic: Human Rights, Governance, Rule of Law, Crisis Management, Peace, COVID-19
  • Political Geography: Global Focus
  • Author: Scott Guggenheim
  • Publication Date: 04-2020
  • Content Type: Policy Brief
  • Institution: Center on International Cooperation
  • Abstract: This policy briefing examines how governments, multilateral organizations, and international financial institutions can leverage existing and new community-based responses to deal more effectively with the health, social, and economic impacts of the coronavirus pandemic. Governments around the world are stretched to their limits trying to cope with not just the health risks of the COVID-19 virus, but also the economic fallout as people lose their jobs and entire sections of the economy close down. In this policy briefing, Pathfinders adviser Scott Guggenheim argues that governments must harness an underutilized but highly effective tool—traditional community solidarity and volunteerism.
  • Topic: Governance, Food Security, Humanitarian Crisis, COVID-19
  • Political Geography: Global Focus
  • Author: Sarah Cliffe
  • Publication Date: 04-2020
  • Content Type: Policy Brief
  • Institution: Center on International Cooperation
  • Abstract: The International Monetary Fund (IMF) and World Bank conducted their first virtual Spring Meetings amid the COVID-19 pandemic. This briefing summarizes the discussions, which focused on the economic impact of the pandemic, and provides key takeaways on topics such as debt relief, financing for COVID-19 response, multilateral partnerships, and efforts to support global supply chains. In this readout of the 2020 Spring Meetings, CIC director Sarah Cliffe details the historic—but ring-fenced—debt moratorium and accelerated financing deal that were reached, as well as efforts to inject more global financing through an exceptional issue of IMF Special Drawing Rights. The briefing also covers partnerships between the United Nations and the international financial institutions, including a call for collaboration on global supply chains for medical equipment, agricultural inputs, and other goods and services.
  • Topic: Governance, Finance, Multilateralism, Crisis Management, Humanitarian Crisis, IMF, COVID-19, Supply
  • Political Geography: Global Focus
  • Author: Patrick Heller, Ethan Elkind, Ted Lamm
  • Publication Date: 04-2020
  • Content Type: Policy Brief
  • Institution: Natural Resource Governance Institute
  • Abstract: The global transition from fossil fuel-powered vehicles to electric vehicles (EVs) will require the production of hundreds of millions of batteries. The need for such a massive deployment raises questions from the general public and critics alike about the sustainability of the battery supply chain, from mining impacts to vehicle carbon emissions. Growing demand for the mineral inputs for battery production can provide an opportunity for mineral-rich countries to generate fiscal revenues and other economic opportunities. But where extraction takes place in countries with weak governance, the benefits expected by citizens and leaders may not materialize; in some cases extraction might even exacerbate corruption, human rights abuses and environmental risks. Many EV proponents and suppliers are aware that supply chain governance problems pose a challenge to the evolution of the EV industry, but outstanding questions remain about how these challenges materialize. This brief, jointly published by UC Berkeley School of Law’s Center for Law, Energy & the Environment (CLEE) and the Natural Resource Governance Institute (NRGI) provides basic information on the EV battery supply chain and key battery minerals, such as cobalt and lithium, and addresses the following questions: What does the supply chain for EV batteries comprise? How do carbon emissions from EVs compare to traditional internal combustion engine (ICE) vehicles? What are the most significant challenges in managing the mineral extraction necessary for the EV supply chain, and what sustainability and human rights initiatives apply?
  • Topic: Civil Society, Corruption, Government, Human Rights, Natural Resources, Governance, Regulation, Legislation, Supply Chains
  • Political Geography: Global Focus
  • Author: Baran Alp Uncu
  • Publication Date: 12-2020
  • Content Type: Policy Brief
  • Institution: Turkish Economic and Social Studies Foundation (TESEV)
  • Abstract: Today, we are living in a world that is on average about 1 degree warmer than the pre-industrial period. If we do not limit this human-caused temperature rise to around 1.5 degrees until the end of the century, various disasters we are already experiencing such as the rise in sea levels, melting of ice sheets and glaciers, extreme weather events, floods and inundations, drought and water scarcity will increase in intensity and scope and furthermore assume an irreversible condition.
  • Topic: Climate Change, Governance, Social Movement, Crisis Management, Urban, Justice, Sustainability
  • Political Geography: Global Focus
  • Author: Ilgın Özkaya Özlüer
  • Publication Date: 12-2020
  • Content Type: Policy Brief
  • Institution: Turkish Economic and Social Studies Foundation (TESEV)
  • Abstract: Rather than recommending “new” means to be established for the first time in terms of Turkish legislation, “The Convention on Access to Information, Public Participation in Decision Making and Access to Justice in Environmental Matters” (“The Aarhus Convention”, in short) will ensure that already existing procedural means that implement rights such as the right to information, the right of participation and the right to environment are compatible with international networks. In this sense, the Aarhus Convention is the body of “procedural means” that is clearing the path to establishing a participatory public administration that can transform the aforementioned rights into effective tools for their beneficiaries, to assist in the creation of an egalitarian, transparent and effective administration and a new public order facilitating the social integration of disadvantaged groups like the elderly, the youth, women, children and immigrants.
  • Topic: Civil Society, Environment, Governance, Legislation, Accountability, Urban, Transparency, Sustainability
  • Political Geography: Global Focus