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2. A return to grace for nuclear power in European public opinion? Some elements of a rapid paradigm shift
- Author:
- Mathieu Brugidou and Jérémy Bouillet
- Publication Date:
- 03-2023
- Content Type:
- Policy Brief
- Institution:
- Robert Schuman Foundation (RSF)
- Abstract:
- The health crisis triggered by the Covid-19 pandemic, and perhaps above all the war in Ukraine, together with increasingly outspoken Chinese and/or American interventionism, have largely contributed to "breaking European energy taboos"[1] towards more collective and coordinated approaches. This is undeniable in the field of energy: if certain mechanisms such as the general cap on gas prices have not been adopted, some measures, which were hard to imagine at European level until recently, have now been ratified, such as joint gas purchases, shared objectives for reducing energy demand, the obligation to store energy, etc.
- Topic:
- Public Opinion, Nuclear Power, COVID-19, Health Crisis, and Russia-Ukraine War
- Political Geography:
- Europe
3. Implications of Climate Change Impacts on Food Security Threats in Africa and the Middle East
- Author:
- Munsu Kang
- Publication Date:
- 03-2023
- Content Type:
- Policy Brief
- Institution:
- Korea Institute for International Economic Policy (KIEP)
- Abstract:
- The food security crisis in the Middle East has been exacerbated by several events, including COVID-19 and Russia's invasion of Ukraine, but the greater crisis is the decline in agricultural productivity caused by climate change and the rise of protectionist trade policies. This study examined the impact of drought on regional grain prices, specifically drought, which has the greatest impact on the Middle East region of Africa among weather changes. It was predicted by the IPCC (2019) that weather changes would affect agricultural production systems and that these changes would affect international grain markets and government trade policies. This study found that prices in the African Middle East maize and rice market increased as the drought intensified and the period lengthened, as predicted. Sorghum and millet, however, are relatively inelastic to climate change, so it can be assumed that they will receive attention as climate change intensifies. This study proposes areas for cooperation such as agricultural production, supporting the vulnerable, and crop reserve with the Middle East and Africa.
- Topic:
- Climate Change, Food Security, and COVID-19
- Political Geography:
- Africa and Middle East
4. Covid-19 Crisis and Shifts in the Corporate Competitive Landscape: Comparisons with Previous Economic Crises
- Author:
- Sang-Ha Yoon, Yaein Baek, Wontae Han, Yoonsoo Lee, and Daisoon Kim
- Publication Date:
- 04-2023
- Content Type:
- Policy Brief
- Institution:
- Korea Institute for International Economic Policy (KIEP)
- Abstract:
- In terms of economic fluctuations, it is well recognized that the effects of an economic crisis have a detrimental impact on the entry, growth, decline, and exit of firms. In addition, the magnitude of the impact varies both within and between industries depending on the size and other characteristics of the firm. The economy is going through significant changes due to the emergence of new industries and the decline or disappearance of current ones. This study looks at how big economic events like the COVID-19 pandemic and the global financial crisis have affected businesses and industries. After completing a study at several levels of top international corporations, larger domestic enterprises, and domestic small and medium-sized businesses, it attempts to draw policy implications. First, it is necessary to foster and support top-tier companies to defend against global economic fluctuations and strengthen international competitiveness. In particular, the institution in charge of competition policies domestically and the institution that helps companies improve their competitiveness are different and the focus of policies is distinctive, so comprehensive attention and perspective of policymakers are needed. Second, it is urgent to respond to new issues related to competition policy in the domestic market. The behavior of emerging big tech and platform companies is different from monopoly companies in the past, so consumer welfare is not impaired, but it burdens nearby and other market participants. Therefore, a view that deviates from the focus on monopoly pricing is also essential for competition policy. Third, measures to support global corporate growth and countermeasures against changes in the industrial landscape should be prepared. Investment and R&D expansion at the corporate level is essential for corporate growth, and measures are needed to boost investment in recently emerging intangible assets. In addition, it is important to revitalize the movement of economic resources to cope with changes in the inter-industry landscape accompanied by the crisis. Fourth, policies to revitalize start-ups and closures are required. The decline in new companies' market entry and exit rates is a symtom of an aging economy contributing to the overall decrease in productivity. Therefore, enhancing the revitalization of the corporate ecosystem and expanding the size of enterprises are essential to enhance the dynamics of the economy. Fifth, it is necessary to find an appropriate combination of government roles in times of crisis. In particular, it is important to grasp the detailed status of economic stabilization policies in relation to SMEs, and at the same time, clear judgments on the appropriate size of support measures, the period of support, and the timing of collection are urgently needed.
- Topic:
- Economics, COVID-19, Corporations, Economic Crisis, and Competition
- Political Geography:
- Global Focus
5. Budget Brief: Samagra Shiksha
- Author:
- Mridusmita Bordoloi, Avani Kapur, and Sidharth Santhosh
- Publication Date:
- 02-2023
- Content Type:
- Policy Brief
- Institution:
- Centre for Policy Research, India
- Abstract:
- Samagra Shiksha is Government of India’s (GoI’s) school education programme covering preprimary to higher-secondary levels. Launched in April 2018, the scheme is the primary vehicle to implement the provisions under the Right of Children to Free and Compulsory Education (RTE) Act, 2009, and the goals for school education envisaged under the National Education Policy (NEP), 2020. After a year of reopening of schools, post the COVID-19 pandemic, this brief uses government data to analyse Samagra Shiksha performance based on: ■ Trends in allocations, releases, and expenditures; ■ Component-wise approved budgets; ■ School enrolment trends pre and post COVID-19 pandemic; and ■ Learning outcomes and ICT infrastructure.
- Topic:
- Education, Governance, Budget, COVID-19, and Public Spending
- Political Geography:
- South Asia and India
6. The UN’s Response to the COVID-19 Infodemic
- Author:
- Gabriel Delsol and Albert Trithart
- Publication Date:
- 05-2023
- Content Type:
- Policy Brief
- Institution:
- International Peace Institute
- Abstract:
- The COVID-19 pandemic has been accompanied by a related “infodemic.” This infodemic emerged as widespread demand for information about the public health emergency was met with large volumes of false and misleading information. Many of the national and international institutions leading the response to the COVID-19 pandemic, including the UN, quickly recognized that they also needed to respond to the infodemic. This led to a quick, broad-based response by a broad array of UN agencies and partners. To date, however, there has been no systematic mapping or assessment of the range of initiatives across the UN system. To begin filling that gap, this paper provides an overview of the UN system’s response to the COVID-19 infodemic across four areas: monitoring harmful information related to COVID-19; dispelling false information and providing authoritative information; building information resilience; and setting the agenda. It then assesses some of the successes and challenges of the response across four areas: external partnerships, including with governments, civil society, academia, and social media companies; coordination within the UN system; financial, human, and technological capacity; and impact assessment. The report concludes that the UN’s infodemic response finds itself at a pivotal point: Due to donor fatigue around COVID-19, funding for the infodemic response is falling even while the need for a robust infrastructure to address infodemics and other information disorders may be increasing. UN entities working to address the infodemic and other information disorders should therefore consider the following: Engaging in a consultative process to develop a shared understanding of the infodemic by defining its specific harms in relation to each of their mandates; Sustaining and building capacity to counter infodemics and other information disorders, both in communications departments and in other sections working on infodemic management; Adopting a more standardized, system-wide approach to the use of new technologies and engagement with technology platforms; and Continuing to strengthen long-term information resilience by building the capacity of governments to manage infodemics and supporting strong, independent media.
- Topic:
- Health, Science and Technology, United Nations, and COVID-19
- Political Geography:
- Global Focus
7. Can Chinese growth defy gravity?
- Author:
- Alicia Garcia-Herrero
- Publication Date:
- 06-2023
- Content Type:
- Policy Brief
- Institution:
- Bruegel
- Abstract:
- Chinese growth, astounding since the beginning of the reform era, has slowed in the last decade. We offer a baseline estimate (based on the current trend) of China’s medium-term growth rate, which we project to fall to 2.4 percent by 2035. Several factors create uncertainty around this baseline. China’s rapid aging is already incorporated into our long-term growth scenario, but its impact on growth will depend on how China’s remaining urbanisation process spreads over time, how the shrinking labour supply affects labour productivity and whether the decline in total factor productivity growth, reflecting the lack of reform during the last decade and possibly the rising role of the state, can be reversed. Investment in China, for decades the largest factor in China’s growth, is expected to contribute less to growth given the increasingly low return on assets, particularly on state-led investment. The rapid piling up of public debt is also becoming a heavy burden for the Chinese economy. Finally, the COVID-19 pandemic may have left significant scarring effects, such as structurally high youth unemployment and low investment confidence. On the upside for China, the rise in human capital and research and development expenditure may support innovation and growth, but the magnitude of this effect is uncertain, because it is unclear if higher innovation will translate into higher total factor productivity, and because of the United States’s push to contain China technologically.
- Topic:
- Industrial Policy, European Union, Economic Growth, and COVID-19
- Political Geography:
- China, Europe, and Asia
8. Information Manipulation and Repression: A Theory and Evidence from the COVID-19 Response in Russia
- Author:
- Natalia Lamberova and Konstantin Sonin
- Publication Date:
- 06-2023
- Content Type:
- Policy Brief
- Institution:
- The Cato Institute
- Abstract:
- The COVID-19 pandemic has called for provision of public goods and services that require a high state capacity, including producing and distributing vaccines, enforcing mask mandates, limiting potential super‐spreader events, and so on. The rationale for public intervention was that private actions, such as getting vaccinated, wearing masks, and avoiding large gatherings, have benefits to broader society, so they are likely to be undersupplied by individuals on their own. In these circumstances, one might expect the power of the state coercing others into compliance to be beneficial. Are authoritarian leaders, less constrained by institutions and less accountable to voters, better equipped to deal with health emergencies?
- Topic:
- Authoritarianism, Repression, Public Health, and COVID-19
- Political Geography:
- Russia and Eurasia
9. Formula for a Crisis: Protectionism and Supply Chain Resiliency—the Infant Formula Case Study
- Author:
- Scott Lincicome, Gabriella Beaumont-Smith, and Alfredo Carrillo Obregon
- Publication Date:
- 01-2023
- Content Type:
- Policy Brief
- Institution:
- The Cato Institute
- Abstract:
- It has become accepted wisdom in Washington that the COVID-19 pandemic revealed how openness to international trade and investment increases U.S. vulnerability to economic shocks and contributes to widespread shortages of food, medicine, and other essential goods. This official narrative, however, ignores ample economic research showing that, while disruptions are inevitable in a modern economy, the alternative to free trade—a protectionism‐driven onshoring of global supply chains—carries its own risks and can even heighten vulnerability by inhibiting natural market adjustments to economic shocks. The infant formula crisis, which lasted for most of 2022 and was unique to the United States, provided an unfortunate real‐world lesson in this regard.
- Topic:
- International Trade and Finance, Free Trade, Resilience, COVID-19, and Supply Chains
- Political Geography:
- North America and United States of America
10. Facing the next public health emergency: How do we know how (un)prepared we are?
- Author:
- Christian Haddad and Hugh Schmidt
- Publication Date:
- 07-2023
- Content Type:
- Policy Brief
- Institution:
- Austrian Institute for International Affairs (OIIP)
- Abstract:
- In the realm of political preparedness, numerous benchmarks, metrics, and best practice models have emerged as integral sites in the ongoing debate. Taking the Global Health Security Index as a specific example, this paper delves into the advantages and disadvantages of such global security rankings. This analysis aims to explore the potential uses and drawbacks of employing metrics to evaluate and modify (inter-)national preparedness plans. Situating this discussion within the broader context of the escalating significance of crisis preparedness and management, particularly in the face of acute disruptions to vital infrastructures and the immense costs they entail, as well as their adverse impact on public health and societal safety. However, the findings of this analysis reveal a notable political and strategic risk associated with an excessive reliance on these metrics. It is important to recognize that these metrics not only rely on robust scientific methodologies but also rest upon selective assumptions about the world and the definition of threats. The case of the Global Health Security Index serves as an example, as the assumptions underpinning these metrics have proven inaccurate in the face of an actual pandemic. Consequently, overconfidence and misguided approaches to crisis preparedness have ensued. Additionally, this work offers a concise historical overview of preparedness thinking, outlines the field of Global Health Security, presents the existing metrics employed, and critically reflects on these tools. While metrics provide valuable insights, they should be approached with caution and an awareness of their limitations. By adopting a critical lens and recognizing the political dimensions inherent in these metrics, policymakers can make more informed decisions and develop more effective preparedness plans in an ever-evolving world of crises.
- Topic:
- Security, Governance, Public Health, COVID-19, and Global Health
- Political Geography:
- Global Focus
11. Radical Steps Are Essential to Jump-Starting the Replacement of the Flawed US Money Regime
- Author:
- Brendan Brown
- Publication Date:
- 03-2023
- Content Type:
- Policy Brief
- Institution:
- Hudson Institute
- Abstract:
- A previous policy memo argued that flaws in the actual US money regime are responsible for the Great Pandemic Inflation.1 Now that reported inflation has been falling, some of us might imagine that addressing these flaws has become a non-urgent matter. After all, great supply shocks tend to come rarely. But such complacence does not fit the facts. The case for getting rid of the present rotten monetary regime is not simply based on the argument that it has malfunctioned so severely during the pandemic and war supply shock. That malfunctioning continues into the present, where there is now positive supply side news (the pandemic dislocation is fading, and a natural gas glut has emerged despite the continuing Russia-Ukraine War). The Federal Reserve and other central banks, still trying to navigate policy in an anchorless monetary system by choosing a path for short-term interest rates, are stumbling from one huge blunder to another, even if they have a rare lucky stretch in between. Beyond the woes of how the 2 percent inflation standard performed during the supply shock and subsequent supply restoration, this regime should be held responsible for a range of economic and social consequences that predate the pandemic and war. These include malinvestment (poor allocation of capital due to corrupted signaling in markets), advancement of monopoly capitalism, bloated government outlays, and punitive monetary taxation (in the form of inflation tax or monetary repression tax), all of which take their toll. Instead of enjoying a top-quality money with all its benefits, individuals have had to put up with a poor money and all its related costs, particularly the ongoing danger of serious loss of purchasing power.
- Topic:
- Economics, Monetary Policy, Inflation, and COVID-19
- Political Geography:
- North America and United States of America
12. Geographical Simulation Analysis for CADP 3.0
- Author:
- Ikumo Isono, Satoru Kumagai, and Keita Oikawa
- Publication Date:
- 01-2023
- Content Type:
- Policy Brief
- Institution:
- Economic Research Institute for ASEAN and East Asia (ERIA)
- Abstract:
- The economic impact of the development of transport and digital infrastructure and the adoption of energy-saving technologies envisaged in the Comprehensive Asia Development Plan 3.0 (CADP 3.0) was analysed using the Institute of Developing Economies (IDE) and Economic Research Institute for ASEAN and East Asia (ERIA) geographical simulation model (IDE/ERIA-GSM). This infrastructure development and technology adoption will affect all industries and change the structure of the economy as the basis for rejuvenated and advanced industries such as agriculture, automotives, medicine, and pharmaceuticals. By combining this infrastructure development and technology adoption, the Association of Southeast Asian Nations (ASEAN) and East Asia could achieve high economic impacts and geographical inclusiveness. The Lao People’s Democratic Republic will obtain the greatest economic impact as it transitions from a landlocked to a land-linked country. Cambodia will also reap significant benefits from upgrading information and communication technology. The simulation results thus recommend the implementation of the CADP 3.0 strategy for both ASEAN and individual Member States.
- Topic:
- Science and Technology, Innovation, ASEAN, COVID-19, and Simulation
- Political Geography:
- Southeast Asia
13. The Global Economic Outlook and the State of Indonesia
- Author:
- Ivana Markus and Pyan Amin Muchtar
- Publication Date:
- 01-2023
- Content Type:
- Policy Brief
- Institution:
- Economic Research Institute for ASEAN and East Asia (ERIA)
- Abstract:
- The global economy is facing a perfect storm as a result of the coronavirus disease (COVID-19) pandemic, prolonged geopolitical tensions, soaring inflation, and tightening monetary policy. A darkening future has been projected and the worst is yet to come. Amid global uncertainty, governments have become less aggressive in their budget spending, while high inflation has led many central banks to tighten their monetary policy. Furthermore, the pandemic has left widespread scarring effects, such as unemployment, poverty, and inequality, particularly on vulnerable groups. Global challenges and lower economic growth of the major economies will also affect Indonesia’s economic conditions, as the country may experience slower growth as a spillover from its major trading partners. It is important for the world and Indonesia to address these challenges, particularly the scarring effects, through multilateral solidarity and better maintenance of prudent fiscal policy.
- Topic:
- Monetary Policy, Geopolitics, Economy, Investment, Trade, and COVID-19
- Political Geography:
- Indonesia and Southeast Asia