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1471. Regulatory Competition and International Cooperation

Author:
Philipp Genschel and Thomas Plumper
Publication Date:
04-1997
Content Type:
Working Paper
Institution:
Max Planck Institute for the Study of Societies
Abstract:
Recent research has shown that regulatory competition does not necessarily lead to downward pressures on regulation, but may at times also push the level of regulation upwards. Extending David Vogel's "California effect" argument, this paper shows that such upward pressure may not only result directly from the dynamics of the competitive process but also from international cooperation. Evidence from two case studies on international capital market regulation is used to identify the conditions under which cooperation in the shadow of regulatory competition is likely to succeed or fail. The successful multilateral standardisation of banking capital requirements in the BIS is compared to failed attempts to harmonise interest taxation across EC member states.
Topic:
Government, International Cooperation, and International Political Economy
Political Geography:
California

1472. Electricity: Liberal Futures

Author:
Walt Patterson
Publication Date:
11-1997
Content Type:
Working Paper
Institution:
Chatham House
Abstract:
Like the international dimension of electricity discussed in Working Paper 1, the liberal dimension of electricity has emerged only recently, at least as a recognized concept. However, whereas the international dimension is genuinely new, the dimension now characterized as 'liberal' needs closer examination. The language of policy discourse is not always consistent. Until the 1990s, policy analysts habitually referred to the electricity industry as 'conservative', in the sense that it was resistant to change and deeply wary of risk. However, those who first acted to 'liberalize' electricity were themselves 'conservative', in conventional political terms, notably the governments of Chile and the UK in the 1980s. That apparent irony in itself suggests that 'liberalizing' electricity is a more subtle and complex process than the term itself might indicate.
Topic:
Energy Policy, Environment, Government, Industrial Policy, International Trade and Finance, and Science and Technology
Political Geography:
United Kingdom and Chile

1473. Making Connections for Africa: Constituencies, Movements, Interest Groups, Coalitions, and Conventional Wisdoms

Author:
William Minter
Publication Date:
03-1997
Content Type:
Working Paper
Institution:
Africa Policy Information Center
Abstract:
This paper was prepared by APIC Senior Research Fellow William Minter for the Constituency Builders' Dialogue organized by the Africa Policy Information Center, held at Airlie House, Warrenton, Virginia, over the weekend of January 10-12, 1997. The Dialogue was designed as an opportunity for a diverse group of activists from different sectors of Africa advocacy work in the United States to step back, reflect and engage in dialogue on the strategic directions for grassroots Africa constituency-building in the current period. The Dialogue was made possible by a grant from the Carnegie Corporation of New York, and by ongoing support from the Ford Foundation.
Topic:
Foreign Policy, Government, and Politics
Political Geography:
Africa, United States, and New York

1474. Future Prospects for the U.S. Defense Budget and Their Implications for Our Asian Alliance Commitments

Author:
Andrew Krepinevich
Publication Date:
08-1997
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
This talk addresses two issues. First, given the level of American defense spending, are there enough resources available to sustain the U.S. presence in East Asia, over the long term, along the lines of the current commitment of approximately 100,000 troops? Second, even if there is adequate funding to maintain forward deployed troops, are these the kinds of investments we ought to be making, given the transformations we are seeing in the geopolitical environment and, I would argue, the military-technical environment? Will these investments, in other words, achieve American security objectives in East Asia over the next ten to twenty years?
Topic:
Security, Foreign Policy, Defense Policy, and Government
Political Geography:
United States, America, Israel, East Asia, and Asia

1475. Military Doctrine and Political Participation: Toward a Sociology of Strategy

Author:
Yagil Levy
Publication Date:
01-1996
Content Type:
Working Paper
Institution:
Center for Studies of Social Change
Abstract:
Wars produce contrasting effects on the state's status in the domestic arena: they bolster its internal control but, at the same time, create opportunities for collective action of which domestic groups can take advantage and weaken state autonomy. As the case of Israel suggests, within the confines of geo-political constraints, states modify their military doctrine to balance the two contradictory impacts. The main purpose of the paper is to lay the foundation for a Sociology of Strategy by drawing on the case of Israel.
Topic:
Defense Policy, Government, and Politics
Political Geography:
Middle East and Israel

1476. The Democratic Control Of Armed Forces

Author:
Rudolf Joo
Publication Date:
02-1996
Content Type:
Working Paper
Institution:
European Union Institute for Security Studies
Abstract:
Political control of armed forces is not a problem that has confronted only liberal democracies of the twentieth century. Even less is it an issue challenging only the democratizing societies of Central and Eastern Europe in the l990s. The crucial dilemma -- that a separate armed body established in order to protect a society might pose a threat to that same society -- goes back to antiquity. The ever-relevant question of who guards the guards was a central issue in Plato's dialogue The Republic, written about 2,500 years ago. Plato, in presenting what he considered to be the right order of society, described the military state as a deviation. Ancient Greece and the Roman Empire were both confronted with the dilemma `sed quis custodiet ipsos Custodes?' The question has remained the same over the centuries, but as armed forces and society have changed, the nature of the problem has also changed.
Topic:
Security, Defense Policy, Democratization, and Government
Political Geography:
Eastern Europe and Greece

1477. Money, Politics, and the Post-War Business Cycle

Author:
Jon Faust and John S. Irons
Publication Date:
11-1996
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
While macroeconometricians continue to dispute the size, timing, and even the existence of effects of monetary policy, political economists often find large effects of political variables and often attribute the effects to manipulation of the Fed. Since the political econometricians often use smaller information sets and less elaborate approaches to identification than do macroeconometricians, their striking results could be the result of simultaneity and omitted variable biases. Alternatively, political whims may provide the instrument for exogenous policy changes that has been the Grail of the policy identification literature. In this paper, we lay out and apply a framework for distinguishing these possibilities. We find almost no support for the hypothesis that political effects on the macroeconomy operate through monetary policy and only weak evidence that political effects are significant at all.
Topic:
Economics, Government, Political Economy, and Politics

1478. Broad Money Demand and Financial Liberalization in Greece

Author:
Neil R. Ericsson and Sunil Sharma
Publication Date:
07-1996
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
This paper develops a constant, data-coherent, error correction model for broad money demand (M3) in Greece. This model contributes to a better understanding of the effects of monetary policy in Greece, and of the portfolio consequences of financial innovation in general. The broad monetary aggregate M3 was targeted until recently, and current monetary policy still uses such aggregates as guidelines, yet analysis of this aggregate has been dormant for over a decade.
Topic:
Economics, Government, and International Trade and Finance
Political Geography:
Europe

1479. Clausewitzian Friction and Future War

Author:
Barry D. Watts
Publication Date:
10-1996
Content Type:
Working Paper
Abstract:
Since the end of the U.S.-Soviet Cold War, there has been growing discussion of the possibility that technological advances in the means of combat would produce ftmdamental changes in how future wars will be fought. A number of observers have suggested that the nature of war itself would be transformed. Some proponents of this view have gone so far as to predict that these changes would include great reductions in, if not the outright elimination of, the various impediments to timely and effective action in war for which the Prussian theorist and soldier Carl von Clausewitz (1780-1831) introduced the term "friction." Friction in war, of course, has a long historical lineage. It predates Clausewitz by centuries and has remained a stubbornly recurring factor in combat outcomes right down to the 1991 Gulf War. In looking to the future, a seminal question is whether Clausewitzian friction would succumb to the changes in leading-edge warfare that may lie ahead, or whether such impediments reflect more enduring aspects of war that technology can but marginally affect. It is this question that the present essay will examine.
Topic:
Security, Defense Policy, Cold War, Government, and International Law
Political Geography:
United States, Soviet Union, and Southeast Asia

1480. Global Cooperation in Science, Engineering, and Medicine

Author:
Susan Raymond and Rodney Nichols
Publication Date:
02-1996
Content Type:
Working Paper
Institution:
New York Academy of Sciences
Abstract:
Many experienced observers have noted a persistent fatigue in current systems of international cooperation on research in science, engineering, and medicine. The institutions designed to serve global science since the end of World War II are not keeping pace with the changes sweeping science and technology. In the mid–1990s, the unease and uncertainty has become acute. Yet, simultaneously, research and education in science, engineering, and medicine are themselves becoming increasingly international in scope. This trend is not created by formal collaborative institutions. Instead, the factors setting the global pace include the rise of high–capacity, rapid modes of electronic communications; the end of the Cold War and the defense–based motivations that drove much innovation; the expanding scientific capacity throughout the world; and the emergence of new scientific problems that are increasingly global in nature and widely acknowledged as common priorities among scientists and nations. The uncertain “fit” between traditional institutional arrangements and tomorrow's generation of scientific activities has engendered widespread concern. A central question is how best to re–tool existing mechanisms to serve most effectively international collaboration in addressing the societal goals and research frontiers of the 21st century. The prescription for possible therapies, however, must be accompanied by a clear understanding of the nature of the symptoms and a careful analysis of the current state of existing, collaborative mechanisms.
Topic:
Government, International Cooperation, International Political Economy, and Science and Technology
Political Geography:
New York