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18301. An Emerging Market for Corporate Control? The Mannesmann Takeover and German Corporate Governance

Author:
Gregory Jackson and Martin Hopner
Publication Date:
04-2001
Content Type:
Working Paper
Institution:
Max Planck Institute for the Study of Societies
Abstract:
Corporate governance in Germany is often described as a bank-oriented, blockholder or stakeholder model where markets for corporate control have not played a significant role. This case study of the hostile takeover of Mannesmann AG by Vodafone in 2000 demonstrates how systemic changes during the 1990s have eroded past institutional barriers to takeovers. These changes include the strategic reorientation of German banks from the “house bank” to investment banking, the growing consensus and productivity orientation of employee codetermination and corporate law reform. A significant segment of German corporations are now subjected to a market for corporate control. The implications for the German model are examined in light of both claims by agency theory for the efficiency of takeover markets, as well as the institutional complementarities within Germany's specific “variety” of capitalism. While the efficiency effects are questionable, the growing pressures for German corporations to achieve the higher stock market valuations of their Anglo-American competitors threaten the distributional compromises underlying the German model.
Topic:
Economics, Emerging Markets, and International Trade and Finance
Political Geography:
America and Germany

18302. What Have We Learned?[1] Problem-Solving Capacity of the Multilevel European Polity.

Author:
Fritz W. Scharpf
Publication Date:
07-2001
Content Type:
Working Paper
Institution:
Max Planck Institute for the Study of Societies
Abstract:
This Working Paper is an attempt, occasioned by the evaluation of the Max Planck Institute for the Study of Societies, to provide a conceptual framework within which institute research on multi-level European problem solving could be discussed in the context of a more comprehensive overview of the literature. The framework combines an institutional dimension (distinguishing between supranational, joint-decision and intergovernmental modes of EU policy making) and a policy dimension (distinguishing between market-creating, market-enabling, market-correcting and redistributive policies). As institutional modes differ in their capacity for conflict resolution, and as policy types differ in the likelihood of severe policy conflict, greater or lesser problem-solving capacity can be explained by the location of a particular policy area on both of these dimensions.
Topic:
Economics, Government, and International Trade and Finance
Political Geography:
Europe

18303. Globalization, Tax Competition, and the Fiscal Viability of the Welfare State

Author:
Philipp Genschel
Publication Date:
05-2001
Content Type:
Working Paper
Institution:
Max Planck Institute for the Study of Societies
Abstract:
Does globalization undermine the fiscal basis of the welfare state? The conventional wisdom believes so: open borders cause tax competition, which in turn leads to a race to the bottom in capital taxation. However, the data show that revenues from capital taxation are fairly stable in OECD countries. Some observers conclude from this that globalization does not pose much of a challenge to the welfare state. This conclusion is unwarranted because it overlooks that tax competition was not the only challenge facing welfare states during the 1980s and 1990s. There was also slow growth, rampant unemployment, and high levels of precommitted spending. These problems exerted countervailing pressures that prevented a race to the bottom in taxation. Yet, this does not mean that national autonomy has not been diminished. The welfare state is trapped in between external pressures to reduce the tax burden on capital and internal pressures to maintain revenue levels and relieve the tax burden on labor.
Topic:
Economics, Globalization, Human Welfare, and International Trade and Finance

18304. How Bargaining Mediates Wage Determination: An Exploration of the Parameters of Wage Functions in a Pooled Time-Series Cross-Section Framework

Author:
Bernhard Kittel
Publication Date:
03-2001
Content Type:
Working Paper
Institution:
Max Planck Institute for the Study of Societies
Abstract:
The process of wage determination is mediated by the institutional framework of the labor market. Bargaining systems differ not only in their mode of governance, but also in the way that wages are related to unemployment, inflation, and productivity growth. Based on annual data for the period 1971–1996 from 20 OECD countries, the paper uses a pooled time-series cross-section model to show that bargaining modes affect the speed at which wages are adjusted and the extent to which macroeconomic factors affect wages. Contrary to the expectations of mainstream economics, uncoordinated bargaining does not turn out to be the most flexible mode. Pattern setting and peak-level coordination, if legally enforceable, are modes of labor market governance that are at least as flexible and responsive, if not more so. Hence these labor market institutions cannot be blamed for excessive rigidity.
Topic:
Economics and International Trade and Finance

18305. Minority Governments and Party Politics: The Political and Institutional Background to the "Danish Miracle"

Author:
Christoffer Green-Pedersen
Publication Date:
01-2001
Content Type:
Working Paper
Institution:
Max Planck Institute for the Study of Societies
Abstract:
The performance of the Danish economy in the 1990s has been successful to the extent that scholars are talking about a "Danish miracle". The importance of government policies to Denmark's economic success is taken as a point of departure in investigating why Danish governments have been able to govern the economy successfully in the 1990s. The paper argues that two factors have been important. First, the functioning of Danish parliamentarianism has been reshaped to strengthen the bargaining position of minority governments, which became the rule in Danish politics after the landslide election in 1973. Today, Danish minority governments can enter agreements with changing coalitions in the Danish parliament. The paper thus challenges the conventional wisdom about minority governments as weak in terms of governing capacity. Second, the changed socioeconomic strategy of the Social Democrats after returning to power in 1993 has been important because it has created a political consensus around a number of controversial reforms.
Topic:
Economics, Government, Political Economy, and Politics
Political Geography:
Europe and Denmark

18306. Explaining Leakage of Public Funds

Author:
Ritva Reinikka and Jakob Svensson
Publication Date:
12-2001
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
Using panel data from an unique survey of public primary schools in Uganda we assess the degree of leakage of public funds in education. The survey data reveal that on average, during the period 1991-95, schools received only 13 percent of what the central government contributed to the schools' non-wage expenditures. The bulk of the allocated spending was either used by public officials for purposes unrelated to education or captured for private gain (leakage). Moreover we find that resource flows and leakages are endogenous to school characteristics. Rather than being passive recipients of flows from government, schools use their bargaining power vis-à-vis other parts of government to secure greater shares of funding. Resources are therefore not necessarily allocated according to the rules underlying government budget decisions, with potential equity and efficiency implications.
Topic:
Education, Government, and Human Welfare
Political Geography:
Uganda and Africa

18307. On the Choice of Appropriate Development Strategy: Insights from CGE Modelling of the Mozambican Economy

Author:
Finn Tarp and Tarp Jensen Henning
Publication Date:
12-2001
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
This paper makes use of a 1997 computable general equilibrium (CGE) model to analyse three potential strategies that Mozambique can pursue unilaterally with a view to initiating a sustainable development process. They include (i) an agriculture-first strategy, (ii) an agricultural-development led industrialization (ADLI) strategy, and (iii) a primary-sector export-oriented strategy. The ADLI strategy dominates the other development strategies since important synergy effects in aggregate welfare arise from including key agro-industry sectors into the agriculture-first development strategy. Moreover, the ADLI strategy can be designed so it has a relatively strong impact on the welfare of the poorest poverty-stricken households, and still maintain the politically sensitive factorial distribution of income.
Topic:
Agriculture, Development, and Human Welfare
Political Geography:
Africa

18308. Building Conflict Prevention Capacity: Methods, Experiences, Needs — UNU Workshop Seminar Series Report

Author:
David Carment and Albrecht Schnabel
Publication Date:
02-2001
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
Our collaboration began in early 1998, as a proposal for a two-panel mini-workshop on conflict prevention for the 1999 International Studies Association meeting in Washington, DC, USA. The project has subsequently developed into a multi-year project with two book-length volumes and various dissemination activities.
Topic:
Security, Peace Studies, and United Nations
Political Geography:
United States and Washington

18309. Removing Small Arms from Society: A Review of Weapons Collection and Destruction Programmes

Author:
Sami Faltas, Glenn McDonald, and Camilla Waszink
Publication Date:
07-2001
Content Type:
Working Paper
Institution:
Small Arms Survey
Abstract:
A key component of efforts to curb small arms proliferation is the removal of these weapons from society. A broad range of programmes has been carried out in recent years—in every region of the world—for the purpose of collecting and/or disposing of small arms and light weapons. Weapons collection conducted in a peacetime setting for the purpose of reducing and preventing crime is often, though not always, voluntary in nature, with a wide variety of incentives (and sanctions) deployed for the purpose of recovering firearms from legal (and illegal) owners.
Topic:
Conflict Resolution, International Relations, Arms Control and Proliferation, and War
Political Geography:
Central America

18310. The Small arms Survey: Legal Controls on Small Arms and Light Weapons in Southeast Asia

Author:
Katherine Kramer
Publication Date:
07-2001
Content Type:
Working Paper
Institution:
Small Arms Survey
Abstract:
The uncontrolled proliferation of small arms and light weapons in Southeast Asia threatens the security of both people and states, retards development, and contributes to increasing levels of violent crime. Porous borders coupled with weak and uncoordinated enforcement efforts ensure that the problems caused by small arms in one state are felt in neighbouring ones. Despite these effects, there is no accurate information regarding the number of legal and illegal small arms flowing into and out of the region, nor how many weapons are circulating internally.
Topic:
Conflict Resolution, Arms Control and Proliferation, and War
Political Geography:
Asia

18311. Breaking with Tradition: Service Trade Liberalization in the EU and Germany

Author:
Jette Steen Knudsen
Publication Date:
06-2001
Content Type:
Working Paper
Institution:
Danish Institute for International Studies (DIIS)
Abstract:
This chapter asks why and how services that were not previously thought of as tradable have increasingly been opened up to international competition in EU member states including even in Germany. The chapter contrasts an explanation that focuses on the impact of economic interests with an explanation that focuses on the impact of EU membership. The chapter argues that lobbying by producers or users of services cannot fully explain reform nor does EU membership simply constrain reluctant member state governments to adopt new legislation. Instead the chapter argues that in important service sectors the German government has promoted trade reform even sometimes in the face of strong opposition from providers, consumers, and unions. The chapter maintains that a crucial key to liberalisation is the emergence of a break in government opposition. In particular, the ability of the government to re-interpret services as regular tradable products combined with new regulation to "shelter" exposed groups such as consumers and workers against potential harm. Implications of this claim for future service sector liberalisation are subsequently discussed.
Topic:
Economics and International Trade and Finance
Political Geography:
Europe and Germany

18312. Adaptation of the Legal Systems of Candidate Countries - the Case of the Baltic States

Author:
Christen Boye Jacobsen
Publication Date:
08-2001
Content Type:
Working Paper
Institution:
Danish Institute for International Studies (DIIS)
Abstract:
In all the countries of Eastern Europe, the collapse of the socialism presented the legal system and the lawyers and administrators with an immense conceptional and practical challenge. In a couple of years, and in a constantly changing economic and political climate, they were required To introduce the rule of law and democracy (der demokratisch-freiheitliche Rechtsstaat), To introduce and implement the rules and institutions of a market economy, To modernise the normative acts and the public institutions of virtually all aspects of a modern society, and To implement the EU-acquis.
Topic:
Democratization, Economics, and Government
Political Geography:
Europe

18313. Danish Security Policy over the last 50 Years - Long-Term Essential Security Priorities

Author:
Bertel Heurlin
Publication Date:
07-2001
Content Type:
Working Paper
Institution:
Danish Institute for International Studies (DIIS)
Abstract:
This article is about the general priorities of Danish security policy over the last 50 years. But what exactly is security policy – and how should one perceive priorities? First a few remarks on semantics. The term security policy is new. From 1949 Denmark only gradually used the term security policy, rather than defence policy and foreign policy. In 1945 the United Nation's Security Council had been established. It was to act on behalf of the Member States when international peace and security were threatened. In 1947 the National Security Council was established in the United States. The Council was evidently intended to take care of the US' national security. With the introduction of these vital institutions the step was taken towards using the terms ”international” and ”national security policy”. In general the term ”security policy” became common in the beginning of the 1960s. Minister for Foreign Affairs Per Hækkerup talks about security policy in his book on Danish Foreign Policy from 1965. Furthermore the Ministry of Foreign Affairs in 1967 could publish the first book on Danish security policy.
Topic:
Security, Foreign Policy, and Politics
Political Geography:
Europe

18314. Greenland's geopolitical reality and its political-economic consequences

Author:
Jens Kaalhauge Nielsen
Publication Date:
06-2001
Content Type:
Working Paper
Institution:
Danish Institute for International Studies (DIIS)
Abstract:
Geopolitics is an old concept, which received its classic modern form in the work of Friedrich Ratzel, Rudolf Kjéllen, Harold J. Mackinder, Alfred T. Mahan, and Karl Haushofer. It can be regarded as an intellectual approach that aims at establishing a political grammar of world politics, through a scientific discipline based on the objective reality of geography. Thus, geopolitics is often seen as a “realistic” attempt to establish world policy as an objective science based on some kind of "physico-spatial reference". The implicit assumption is a discreet claim that it is possible to study international politics and the allocation of power as one studies the weather: as a system based on objective, natural laws with a fixed and firmly established pattern of forces and indispensable reference points. Hence, Halford J. Mackinder believed that he could identify "the Geographical Pivot of History." In this way, somewhere behind the concept of geopolitics as a scientific concept lies a compelling idea: a theory of the international system based on sheer objective forces, which can be reduced to the invariable necessities of an ultimate "physical" matrix that was merely given expression by the vocabulary of "national interests." We find the same notion in the concept of "realpolitik," the idea that it is possible to conduct a policy grounded on a realm of crucial necessities, as in Bismarck's policies framed in the image of Iron and Blood.
Topic:
Foreign Policy, Economics, and Politics
Political Geography:
Europe

18315. In Tempestuous Waters: Denmark and the WTO Regime

Author:
Erik Beukel
Publication Date:
04-2001
Content Type:
Working Paper
Institution:
Danish Institute for International Studies (DIIS)
Abstract:
International trade negotiations and the World Trade Organisation (WTO) have come into the public limelight. Until a few years ago, the governance of the world trading system, encapsulated in General Agreement on Tariffs and Trade (GATT), was considered a mundane and dull subject to which only a few people with a special economic interest payed attention. Today, however, the problems dealt with in the WTO affect much broader economic interests and attract attention from different political persuasions and social movements, as illustrated by the battle in Seattle, in December 1999, when the Third Ministerial conference of the WTO was met by massive demonstrations organised by multifarious NGOs. Generally, multilateral economic institutions, such as the World Bank, the International Monetary Fund (IMF), and the WTO, have become tempestuous waters, because among other things these institutions are contested by a medley of non-governmental organisations (NGOs) and grass roots movements (O'Brien et al. 2000). The conflict centres on “globalisation”, a controversial and ambiguous notion (Hirst and Thompson 2000), and the WTO is a focal point of the globalisation storm (Hart 1997).
Topic:
Economics, International Trade and Finance, and Politics
Political Geography:
Europe

18316. European Defence: Visions and Realities?

Author:
Julian Lindley-French
Publication Date:
04-2001
Content Type:
Working Paper
Institution:
Danish Institute for International Studies (DIIS)
Abstract:
Good morning, ladies and gentlemen. It is a real honour for me to be here today to address you on the complex subject of European Defence: Vision and Realities. I am grateful as ever to Bertel Heurlin and David Munis Zepernick for arranging this chance to discuss with you European defence at what is a crucial moment. Last time I was here I spoke a lot about visions, so today, as you will hear, the emphasis will be on realities rather than visions.
Topic:
Security, Defense Policy, and Government
Political Geography:
Europe

18317. Can Slovakia Catch Up? The Implications of EU Accession Talks a Year After the Helsinki Summit

Author:
Vladamir Bilcik
Publication Date:
01-2001
Content Type:
Working Paper
Institution:
Danish Institute for International Studies (DIIS)
Abstract:
Since the dissolution of Czecho-Slovakia in 1993, Slovakia, with its population of about 5.4 million, has emerged as one of the two new successor states. Yet, since gaining its independence Slovakia's political developments have followed a somewhat divergent path from the course of its new western neighbor - the Czech Republic. More broadly, Slovakia also diverged in its transition to democracy from Poland and Hungary, the other two Central European neighbors and two essential elements of the Visegrad group. As a result, Slovakia has been coined as "a region specific country". Its case of regime change from the communist to the post-communist rule has been described as "a borderline case between that of more advanced Central European and lagging South-East European countries". (Szomolanyi, 2000: 16).  Â
Topic:
International Relations, Democratization, and Government
Political Geography:
Europe

18318. The Enduring Dilemmas of Realism in International Relations

Author:
Stefano Guzzini
Publication Date:
12-2001
Content Type:
Working Paper
Institution:
Danish Institute for International Studies (DIIS)
Abstract:
After the end of the Cold War, realism has been again on the defensive. In recent years, two major discussions have been waged about it. The first debate was triggered by a piece John Vasquez published in the American Political Science Review. In this blunt attack, Vasquez basically argues that realists reject the systematic use of scientific criteria for assessing theoretical knowledge. Vasquez charges (neo) realism either for producing blatantly banal statements or for being non-falsifiable, i.e. ideological. For him, much of the post-Waltzian (neo) realist research results are but a series of Ptolemaic circles whose elaborate shape conceals the basic vacuity of the realist paradigm.
Topic:
International Relations, Foreign Policy, and Diplomacy
Political Geography:
America

18319. European [security] Union: from existential threat to ontological security

Author:
Ian Manners
Publication Date:
12-2001
Content Type:
Working Paper
Institution:
Danish Institute for International Studies (DIIS)
Abstract:
The past ten years have seen the steady escalation of attempts to securitise the EU which, for good or for bad, are now beginning to succeed. Across Europe the EU is fast becoming a convincing reason for groups to mobilise in protest and action - from Copenhagen to Nice to Gothenburg the EU has become a synonym for 'threat'. As this paper will explore, the securisation of the EU is occurring as it begins to be represented as a threat to ontological security, and eventually existential security, in the lives of Europeans and non-Europeans. But how best to think about the European [security] Union as it attempts to balance the headline security concerns of conflicts on its border with the structural security concerns of its citizens. This thinking involves questioning the very nature of the security the EU is attempting to secure through a series of reflections on the many dimensions of security, the ontopolitical assumptions of differing metatheoretical positions, and finally arguing the need to desecuritise the EU.
Topic:
Security, Defense Policy, and Government
Political Geography:
Europe

18320. Realism and Foreign Policy Analysis

Author:
Stefano Guzzini and Sten Rynning
Publication Date:
12-2001
Content Type:
Working Paper
Institution:
Danish Institute for International Studies (DIIS)
Abstract:
Power politics, realists agree, is played by all, be it for reasons of human nature and/or international anarchy. But can one deduce from this general quest for power a theory on state motivations? Recent realist theories seem to agree with this idea in general, but disagree, indeed have opposite claims, about its content. Kenneth Waltz (1979) argues that states are defensive and thus “balance,” while John Mearsheimer (1990) contends that states are offensive and therefore “expand.” Classical realists, as usual, allow for more commonsense and hence variety. Hans Morgenthau (1948) thus included both status quo and imperialist powers in his theory. But the implication of this indeterminacy remains: if realists cannot settle the question which state motivation can be derived from human nature and/or international anarchy, then they need to examine more carefully the study of foreign policy.
Topic:
International Relations, Foreign Policy, Diplomacy, and Power Politics