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55302. Currency Boards or Dollarization — Solutions or Traps
- Author:
- John Chown
- Publication Date:
- 08-1999
- Content Type:
- Policy Brief
- Institution:
- Chatham House
- Abstract:
- Currency boards have been suggested for Russia, and adopted elsewhere in eastern Europe. Brazil's fixed rate has had to be abandoned, but Argentina is considering replacing its currency board with dollarization, and suggesting this solution for the rest of Latin America. Fixed exchange-rate regimes (and the crawling peg in Russia) have collapsed in Southeast Asia but Hong Kong, which had a formal currency board, has (so far) survived.
- Topic:
- Economics and International Trade and Finance
- Political Geography:
- Russia, Eastern Europe, Latin America, Central America, Caribbean, and North America
55303. New Government, New Agenda For Israel
- Author:
- Joel Peters and Becky Kook
- Publication Date:
- 08-1999
- Content Type:
- Policy Brief
- Institution:
- Chatham House
- Abstract:
- On 17 May 1999 Ehud Barak secured a stunning victory in the Israeli elections, defeating incumbent Prime Minister Binyamin Netanyahu with a majority of almost 400,000 and gaining slightly over 56 per cent of all the votes cast. While polls in the days immediately prior to the election had signalled Netanyahu\'s defeat, no one had anticipated such a landslide victory. After three turbulent years of Likud government, Barak\'s election slogan \'Israel wants a change\' clearly captured Israeli public disillusion with Netanyahu, who lost the trust and support of voters throughout the country.
- Topic:
- Conflict Resolution, Government, Peace Studies, and Politics
- Political Geography:
- Middle East and Israel
55304. Can Public Service Survive The Market? Issues For Liberalized Electricity
- Author:
- Walt Patterson
- Publication Date:
- 08-1999
- Content Type:
- Policy Brief
- Institution:
- Chatham House
- Abstract:
- As governments around the world liberalize their electricity systems, they are overturning the guiding principles that have shaped electricity for the past century. Yet they continue to regard electricity as a public service. The consequent inconsistencies and contradictions are already evident, and intensifying. This Briefing Paper outlines the implications. It is based on a research project now under way in the Energy and Environmental Programme, entitled Keeping the Lights On: Public Service in Liberalized Electricity. For details please see the back page.
- Topic:
- Energy Policy and Government
- Political Geography:
- Europe
55305. State And Region: The Spanish Experience
- Author:
- David Bright
- Publication Date:
- 06-1999
- Content Type:
- Policy Brief
- Institution:
- Chatham House
- Abstract:
- One of the most interesting consequences of the development of the European Union has been the stimulus it has given in recent years to the rediscovery of region within European states. As the supra-state functions of the European institutions in Brussels have burgeoned and the intrinsic sovereignty of the state in Europe has declined, so regions have acquired an ever greater social and political significance. Of course, in some cases, the state was traditionally federal in nature—as with Germany\'s Länder system—and, politically at least, regional aspirations have been satisfied. In the past two decades, however, regional aspirations have expanded into social and cultural spheres that require a new, defined political context. Even in such long-established states as the United Kingdom, such pressures now have to be acknowledged as sub-state factors enter into the complex array of political elements that go to make up the contemporary Union. In this context the Spanish experience is illuminating, both in the way it demonstrates how such tendencies should be accommodated and in the way in which regional populations respond. It is, in fact, a paradigm for a development that will become inevitable and universal as the power of the state declines within the wider structures of contemporary \'Euroland\'.
- Topic:
- Government and Religion
- Political Geography:
- Europe and Germany
55306. The Buenos Aires Climate Conference:Outcome And Implications
- Author:
- Christiaan Vrolijk
- Publication Date:
- 04-1999
- Content Type:
- Policy Brief
- Institution:
- Chatham House
- Abstract:
- The Kyoto Protocol agreed in December 1997 was a landmark, but not an end point. Negotiations are on going to fill in the gaps left in the Protocol. From 2 to 14 November the Conference of Parties met again to follow up on Kyoto in its fourth session (COP-4) in Buenos Aires. After the media hype of the Japan meeting, the lack of news coverage was not entirely deserved. Although discussions had to focus on filling in the details in the framework of the Kyoto Protocol, these details will determine just how big a step Kyoto was The Framework Convention on Climate Change (FCCC) was negotiated at the \'Earth Summit\' in Rio de Janeiro in 1992 and has entered into force in 1994. Under the Convention the Parties have committed themselves to stabilize greenhouse gas concentrations \'at a level that would prevent dangerous anthropogenic interference with the climate system\'. The headline commitment for the countries listed in Annex I of the Convention, the industrialized countries, is to return greenhouse gas emissions to 1990 levels, and to show a reversal in the trend of growing emissions before the year 2000. The Conference of Parties meets annually as the supreme body of the Convention, dealing with various issues related to it. The Kyoto Protocol, negotiated at COP-3 in Japan, is a Protocol to the FCCC, and as such was also on the negotiating table of the COP in Argentina. It sets out renewed, and now legally binding, emission reduction commitments for the Annex B Parties (the industrialized and former COMECON countries). The overall commitments add up to a 5% reduction from 1990 in a basket of greenhouse gases, including carbon dioxide, methane, nitrous oxide, some industrial gases (HFCs, PFCs, SF6) and emissions and removals from land-use change and forestry (LUCF). After its entry into force, the Meeting of Parties (to the Kyoto Protocol) will take over the responsibility for the Protocol issues Many Annex B Parties that have taken up commitments under the Kyoto Protocol stressed the importance at working on the rules for the mechanisms of the Protocol. The EU also stressed the need for limits on the use of these mechanisms and a compliance regime. The G77/China stressed the importance of a debate on the adverse effects and impact of responses. One of the commentators said that Article 17 on international emissions trading \'contains the basic principles, but its main feature is the fact that it can be interpreted to anyone\'s liking\'. Many articles leave room for further work by the COP. Even if the text was not deliberately ambiguous, only general principles were described, so that the 170 Parties at the negotiations could reach agreement, with a later COP to decide on the details of the issue This paper will first briefly discuss the science of climate change and then consider the Buenos Aires Plan of Action and the most important individual issues of the conference.
- Topic:
- Environment, International Cooperation, and Science and Technology
- Political Geography:
- China
55307. Conflict In The Horn: Why Eritrea And Ethiopia Are At War
- Author:
- Martin Plaut and Patrick Gilkes
- Publication Date:
- 03-1999
- Content Type:
- Policy Brief
- Institution:
- Chatham House
- Abstract:
- In May 1991 the capital of Eritrea, Asmara, fell to the liberation movement that had been fighting for the independence of the territory for the past thirty years. At the same time the Ethiopian capital, Addis Ababa, was captured by forces led by northern rebels from the province of Tigray. It seemed, for a moment, that the long and bloody wars that had racked the region might be at an end. The dual victories were the result of a close cooperation between the two movements that had led these struggles—the Eritrean People's Liberation Front (EPLF) and the Tigray People's Liberation Front (TPLF). Both had been determined to overcome authoritarian rule from Addis Ababa and had worked closely together to achieve this end. Two years later Eritrea achieved formal independence, recognized by the United Nations, by the Organization of African Unity and—most important of all—by the new rulers in Ethiopia. At the hour of victory relations between the two movements appeared genuinely warm and friendly. Yet just seven years later the divisions could hardly be deeper. Since May 1998 they have been in—or close to—open warfare. Their leaders, who were once close personal friends, are no longer on speaking terms. Tens of thousands of people have been deported or displaced and radio stations blare out vitriolic propaganda against one another. These are complex events that have been further obscured by the contradictory versions of the truth that both sides have advanced.
- Topic:
- Conflict Resolution, Migration, Nationalism, Sovereignty, and United Nations
- Political Geography:
- Africa and Ethiopia
55308. Composite Indexes of Leading, Coincident, and Lagging Indicators: December 1999
- Publication Date:
- 12-1999
- Content Type:
- Policy Brief
- Institution:
- The Conference Board
- Abstract:
- The leading index increased 0.4 percent, the coincident index increased 0.2 percent, and the lagging index increased 0.5 percent in December. Taken together, the three composite indexes and their components show a healthy economy: The coincident indicators show that the economy continued to expand through the end of 1999. The leading indicators point to a continuation of the expansion during 2000. Cyclical imbalances and related economic instability problems should be monitored for future increases.
- Topic:
- Economics
- Political Geography:
- United States
55309. Composite Indexes of Leading, Coincident, and Lagging Indicators: November 1999
- Publication Date:
- 11-1999
- Content Type:
- Policy Brief
- Institution:
- The Conference Board
- Abstract:
- The leading index increased 0.3 percent, the coincident index increased 0.2 percent, and the lagging index increased 0.3 percent in November. Taken together, the three composite indexes and their components show a healthy economy: The coincident indicators point to GDP rising in the 4th quarter of 1999. The leading indicators point to a continuation of the expansion. Cyclical imbalances and related economic instability problems should be monitored for future increases.
- Topic:
- Economics
- Political Geography:
- United States
55310. Composite Indexes of Leading, Coincident, and Lagging Indicators: October 1999
- Publication Date:
- 10-1999
- Content Type:
- Policy Brief
- Institution:
- The Conference Board
- Abstract:
- The leading index held steady, the coincident index increased 0.6 percent, and the lagging index decreased 0.1 percent in October. Taken together, the three composite indexes and their components show a healthy economy: The coincident indicators point to GDP rising in the 4th quarter of 1999. The leading indicators have paused after strong growth early this year. Cyclical imbalances and related economic instability problems should be monitored for future increases.
- Topic:
- Economics
- Political Geography:
- United States
55311. Composite Indexes of Leading, Coincident, and Lagging Indicators: September 1999
- Publication Date:
- 09-1999
- Content Type:
- Policy Brief
- Institution:
- The Conference Board
- Abstract:
- The leading index decreased 0.1 percent, the coincident index decreased 0.2 percent, and the lagging index increased 0.4 percent in September. This report merits careful interpretation, but does not change general conclusions drawn from previous releases, which show the economy is in good health: The coincident indicators point to GDP rising in the 4th quarter of 1999. The leading indicators point to a continuation of the expansion through early 2000. Cyclical imbalances and related economic instability problems must be monitored for future increases.
- Topic:
- Economics and Health
- Political Geography:
- United States
55312. Composite Indexes of Leading, Coincident, and Lagging Indicators: August 1999
- Publication Date:
- 08-1999
- Content Type:
- Policy Brief
- Institution:
- The Conference Board
- Abstract:
- The leading index decreased 0.1 percent, the coincident index increased 0.2 percent, and the lagging index increased 0.2 percent in August. Taken together, the three composite indexes and their components show a healthy economy: The coincident indicators point to GDP rising at a pace of 3.0 percent (annualized) in the 3rd quarter of 1999. The leading indicators point to a continuation of the expansion through early 2000. Cyclical imbalances and related economic instability problems do not seem to be a problem yet.
- Topic:
- Economics
- Political Geography:
- United States
55313. Composite Indexes of Leading, Coincident, and Lagging Indicators: July 1999
- Publication Date:
- 07-1999
- Content Type:
- Policy Brief
- Institution:
- The Conference Board
- Abstract:
- The leading index increased 0.3 percent, the coincident index increased 0.2 percent, and the lagging index increased 0.6 percent in July. Taken together, the three composite indexes and their components show a healthy economy: The coincident indicators point to economic activity rising in the 3rd quarter from the 1.8 percent (annualized) rise in GDP in the 2nd quarter. The leading indicators point to continuation of the expansion through early 2000. Cyclical imbalances and related economic instability problems show inconsistent patterns of growth.
- Topic:
- Economics
- Political Geography:
- United States
55314. Composite Indexes of Leading, Coincident, and Lagging Indicators: June 1999
- Publication Date:
- 06-1999
- Content Type:
- Policy Brief
- Institution:
- The Conference Board
- Abstract:
- The leading index increased 0.3 percent, the coincident index increased 0.4 percent, and the lagging index decreased 0.4 percent in June. Taken together, the three composite indexes and their components show a very healthy economy: The coincident indicators point to economic activity rising at a pace of 2.7 percent (annualized) in the 2nd quarter of 1999, compared to the advance estimate of GDP showing a 2.3 percent increase. The leading indicators point to continuation of the expansion through early 2000. Cyclical imbalances and related economic instability problems are almost nonexistent.
- Topic:
- Economics
- Political Geography:
- United States
55315. Composite Indexes of Leading, Coincident, and Lagging Indicators: May 1999
- Publication Date:
- 05-1999
- Content Type:
- Policy Brief
- Institution:
- The Conference Board
- Abstract:
- The leading index increased 0.3 percent, the coincident index increased 0.2 percent, and the lagging index held steady in May. Taken together, the three composite indexes and their components show a healthy economy: The coincident indicators point to GDP rising at a pace of over 2.5 percent (annualized) in the 2nd quarter of 1999. The leading indicators point to a continuation of the expansion through the remainder of 1999. There is little evidence of cyclical imbalances that would jeopardize the economy's stability.
- Topic:
- Economics
- Political Geography:
- United States
55316. Composite Indexes of Leading, Coincident, and Lagging Indicators: April 1999
- Publication Date:
- 04-1999
- Content Type:
- Policy Brief
- Institution:
- The Conference Board
- Abstract:
- The leading index decreased 0.1 percent, the coincident index increased 0.2 percent, and the lagging index increased 0.4 percent in April. Taken together, the three composite indexes and their components show a healthy economy: The coincident indicators point to activity continuing to rise at the start of the 2nd quarter of 1999, but at a pace that is much more modest than the 4.1 percent (annualized) rise in GDP in the 1st quarter. The leading indicators point to a continuation of the expansion through at least the 4th quarter of 1999. Evidence of cyclical imbalances from the lagging indicators—that might threaten the stability of the economy—is neither consistent nor convincing.
- Topic:
- Economics
- Political Geography:
- United States
55317. Composite Indexes of Leading, Coincident, and Lagging Indicators: March 1999
- Publication Date:
- 03-1999
- Content Type:
- Policy Brief
- Institution:
- The Conference Board
- Abstract:
- The leading index increased 0.1 percent, and both the coincident and lagging indexes increased 0.2 percent in March. Taken together, the three composite indexes and their components show a very healthy economy: The coincident indicators show aggregate economic activity growing at about a 3.25 percent annualized pace in the 1st quarter of 1999 (compared to a 4.5 percent increase in the advance estimate of GDP). The leading indicators point to a continuation of the expansion for at least six more months. Cyclical imbalances and related conditions are unlikely to jeopardize the economy's stability.
- Topic:
- Economics
- Political Geography:
- United States
55318. Composite Indexes of Leading, Coincident, and Lagging Indicators: February 1999
- Publication Date:
- 02-1999
- Content Type:
- Policy Brief
- Institution:
- The Conference Board
- Abstract:
- The leading index increased 0.2 percent, the coincident index increased 0.3 percent, and the lagging index increased 0.2 percent in February. Taken together, the three composite indexes and their components show a healthy economy: The coincident indicators point to GDP rising at a pace of about 3 percent (annualized) in the 1st quarter of 1999. The leading indicators show odds are high that the expansion will continue through at least late-1999. There is little evidence of cyclical imbalances that would jeopardize the economy's stability.
- Topic:
- Economics
- Political Geography:
- United States
55319. Composite Indexes of Leading, Coincident, and Lagging Indicators: January 1999
- Publication Date:
- 01-1999
- Content Type:
- Policy Brief
- Institution:
- The Conference Board
- Abstract:
- The leading index increased 0.5 percent, the coincident index increased 0.2 percent, and the lagging index increased 0.4 percent in January. Taken together, the three composite indexes and their components show generally healthy conditions: The coincident indicators show that, although industrial production fell slightly, the first quarter of 1999 started on a positive note. The leading indicators are almost unanimous in predicting continued growth through at least the middle of the year. Signs of cyclical imbalances and other factors that might jeopardize the economy's stability remain relatively subdued.
- Topic:
- Economics
- Political Geography:
- United States
55320. The Chechen Problem: Sources, Developments and Future Prospects
- Author:
- Alexandru Liono
- Publication Date:
- 12-1999
- Content Type:
- Working Paper
- Institution:
- Danish Institute for International Studies (DIIS)
- Abstract:
- The political, economic and social situation in Chechnya is a matter of concern for all the analysts of the current environment in the North Caucasus. Every day brings about new developments in Chechnya, which can hardly be characterised as encouraging. The more recent events, which culminated with the intervention in Chechnya and the siege of Grozny by the Russian Federal troops in November – December 1999, have raised even more questions about the future of the Caucasus.
- Topic:
- Civil Society, Economics, and Politics
- Political Geography:
- Russia and North Caucasus
55321. Denmark and the Northern Dimension
- Author:
- Bertel Heurlin
- Publication Date:
- 11-1999
- Content Type:
- Working Paper
- Institution:
- Danish Institute for International Studies (DIIS)
- Abstract:
- This country study consists of three parts. First some introductory observations aiming at placing the Northern dimension concept in a broader context. Secondly, a description of the Danish participation in Baltic sea- activities and programs. Thirdly, an overview of the official Danish position.
- Topic:
- Security, Foreign Policy, and International Cooperation
- Political Geography:
- Europe
55322. The International System of the 21st Century
- Author:
- Bertel Heurlin
- Publication Date:
- 08-1999
- Content Type:
- Working Paper
- Institution:
- Danish Institute for International Studies (DIIS)
- Abstract:
- In 1969, 30 years ago, a large portion of the earth's population had to revise their conception of the world. Pictures of Earth as seen from the moon taken by American astronauts made a considerable impression. The pictures portrayed a very beautiful planet - shining, inviting, sunny, fertile, full of life and beauty. This was Spaceship Earth, a spaceship apparently characterised more by nature than by culture. The spaceship Earth appears hospitable and yet vulnerable. It faces space, communicating. It is a spaceship the population of which lives on the outside in stead of within.
- Topic:
- International Relations, Security, Foreign Policy, and International Cooperation
55323. And Never the Twain Shall Meet ? The EU's Quest for Legitimacy and Enlargement
- Author:
- Lykke Friis and Anna Murphy
- Publication Date:
- 08-1999
- Content Type:
- Working Paper
- Institution:
- Danish Institute for International Studies (DIIS)
- Abstract:
- The European Union in the 1990s is a contested, open-ended polity. It regulates almost as many policy-issues as nation-states and has been accepted by politicians, interest groups and many parts of the public as an appropriate framework for policy-making. Despite the increasing importance of the EU there is however no consensus about what the EU actually is, yet alone where it is heading. The ever-expanding agenda of integration in the 1990s has also led to considerable public scepticism towards the EU-project. Indeed, legitimacy crisis and democratic deficit have become the codewords in the literature and practice of European integration in the 1990s.
- Topic:
- Politics and Treaties and Agreements
- Political Geography:
- Europe
55324. EU and Legitimacy - The Challenge of Compatibility: A Danish Case Study
- Author:
- Lykke Friis and Anna Murphy
- Publication Date:
- 07-1999
- Content Type:
- Working Paper
- Institution:
- Danish Institute for International Studies (DIIS)
- Abstract:
- Since the difficulties of ratifying the Maastricht Treaty legitimacy has topped the EU's agenda. Departing from the dominating trend in the literature that the EU's legitimacy problems are largely due to the EU's inability to develop a common identity, which can compete or even replace national identities, this article shifts the focus to compatibility. The core legitimacy test is whether the EU and its member states – as a multidimensional governance system, in which nation states persist alongside supranational institutions – can develop identities, which are compatible. Based on this approach the article analyses the ratification debate on the Treaty of Amsterdam in one Member State, namely Denmark. Its core conclusion is that it is indeed important to abandon the traditional conceptualisation of EU legitimacy. As the Danish case shows legitimacy can be enhanced if member states are able to (re)construe the EU as being compatible with national identity.
- Topic:
- Nationalism and Treaties and Agreements
- Political Geography:
- Europe
55325. The American Economy: Sustaining Growth with Opportunity
- Publication Date:
- 06-1999
- Content Type:
- Working Paper
- Abstract:
- From the June 1999 American Assembly of the same name, the report focuses on the issues of productivity, income inequality, and the aging of the baby boom generation.
55326. Between the Living and the Dead: The Politics of Irish History
- Author:
- Bernard Rorke
- Publication Date:
- 01-1999
- Content Type:
- Working Paper
- Institution:
- Centre for the Study of Democracy, University of Westminster
- Abstract:
- The destruction of the past ... is one of the most characteristic and eerie phenomena of the late twentieth century. Young men and women at the century's end grow up in a sort of permanent present lacking any organic relation to the public past of the times they live in.
- Topic:
- Government, Religion, and Terrorism
- Political Geography:
- Europe
55327. Playing the Green Card - Financing the Provisional IRA : Part 1
- Author:
- John Horgan and Max Taylor
- Publication Date:
- 06-1999
- Content Type:
- Working Paper
- Institution:
- Centre for the Study of Terrorism and Political Violence, St. Andrews University, Scotland
- Abstract:
- In the first of two articles on the fundraising activities of the Provisional IRA (PIRA), the extent and nature of the PIRA's finance operations are described. The areas of kidnapping for ransom, armed robbery. extortion and drug trading, although very specific, serve to illustrate the nature and potential complexity of fundraising activities, the general issues that surround them, as well as specific internal organizational issues and factors indicative of an acute awareness by PIRA leaders of the environments within which they and members of their organization operate. How the PIRAs involvement in certain kinds of criminal activities can and does influence not only their operational development and successes but also the development and sustenance of support for the PIRA's political wing, Sinn Fein, is discussed. It is clear that the absence of direct PIRA involvement in certain forms of criminality is imperative for the development of Sinn Fein's political successes. In the second article, which describes how and why PIRA financing operations have evolved into a much more sophisticated and technical set of activities (including money laundering), what emerges is a picture of the PIRA and Sinn Fein which serves to portray one of the most important long-term, fundamental, limiting factors for the development of a large, sophisticated terrorist group (and its political wing) as finance, and not solely the personal or ideological commitment of its active members. Both of these articles will illustrate the PIRA leadership's many internal organizational concerns relating to fundraising, the links between the PIRA's militants and Sinn Fein - and between PIRA and Sinn Fein fundraising - and the relative sophistication of the Republican movement as a whole. Aiding these illustrations will be case study material, interview data and both public and privately-held documentation. The descriptive data, surrounding issues and its implications presented here, along with case-study material, discussions and interpretations presented in a second article serve to illustrate the many more general and conceptual issues emerging from terrorist financing.
- Topic:
- Security, Economics, Politics, and Terrorism
55328. Technological Change in the Telecommunications Industry
- Author:
- Judith Mariscal
- Publication Date:
- 01-1999
- Content Type:
- Working Paper
- Institution:
- Centro de Investigación y Docencia Económicas
- Abstract:
- This document examines technological change in the telecommunications industry at the international level, from the perspective which sustains that this change as the driving force behind policy reform, based on the public interest theory of regulation, argues that the emergence and diffusion of new technologies has transformed the market structure in this sector ad as a consequence the nature of government policy. The dramatic technological innovation that this industry experienced transformed the once stable role of the state in telecommunications. Until recent years telecommunications policy amounted to a rather narrow one, that of determining fair rates of basic service provided by a regulated telephone monopoly. The resulting increases in productivity of these new technologies has led to a high segmentation of this industry; to a proliferation in the number and kinds of firms providing telecommunications services which in turn transformed the role of government in this industry. This document will provide an understanding of the traditional technologies available in telecommunications and explore the mergence of new technologies. The most significant result of innovation has been declining costs along with an increased capacity of equipment unites and reliability. Because of this rapid technological change, new firms have entered the market bringing differentiated and new products and services. The objective is to identify how technological innovation decreased costs and allowed the entry of new competitors. The policy consequences were to erode the natural monopoly standing of this industry, to make it more contestable and with this to transform its traditional regulatory structure. The first section of this document will examine the prevailing literature on regulation as sustained by the public interest theory of regulation. The following sections will describe the conventional technology employed in telecommunications, the technological innovations that have occurred as well as how these technologies have transformed this industry at a worldwide level.
- Topic:
- International Relations, Development, Industrial Policy, and Science and Technology
55329. Coping with US-Mexican Interdependence: The NAFTA Response
- Author:
- Miguel Ángel Valverde
- Publication Date:
- 01-1999
- Content Type:
- Working Paper
- Institution:
- Centro de Investigación y Docencia Económicas
- Abstract:
- This paper examines the theoretical discussion on interdependence, and its use for analyzing U.S.-Mexican economic relations. It combines interdependence's premises with other perspectives on the position of the North American economies in the global marketplace, arguing that NAFTA is an institutional response to these developments.
- Topic:
- International Trade and Finance and Treaties and Agreements
- Political Geography:
- United States, Central America, North America, and Mexico
55330. Russian Federal Budget and the Regions
- Author:
- Alexei Makushkin
- Publication Date:
- 11-1999
- Content Type:
- Working Paper
- Institution:
- EastWest Institute
- Abstract:
- In the period of the Soviet rule public finances formed the basis of the national economy and, consequently, were the key factor determining the relationship between the Central power and the regions. Beginning with the proclamation of the sovereignty of the Russian Federation in 1 99 1 the role of the Center and the regions changed. The State has reduced its influence on the national economy, largely due to the reduction of the share of the GDP reallocated through the Central budgetary system. In 1 999 the volume of the budgetary reallocated product made only 14- 1 5% of the total. The relationship between the federal budget and the system of the regional finances became very complicated and oblique. The state economic sector has decreased, power has become decentralized in Russia.
- Topic:
- Security, Economics, and Regional Cooperation
- Political Geography:
- Russia, Europe, Asia, and Soviet Union
55331. Russia and the World: A New Deal
- Author:
- Alexei Arbatov and Dag Hartelius
- Publication Date:
- 05-1999
- Content Type:
- Working Paper
- Institution:
- EastWest Institute
- Abstract:
- Ten years after the end of the Cold War, Russian leaders still have to recognize not only the irreplaceable importance of the Western countries and Japan as partners, but also the rapidly growing relative importance of the European Union, since the special relationship with the U.S., based on strategic deterrence, is becoming less relevant. The development of relations with the EU should now be at the top of the Russian agenda. This presents the EU with a certain challenge but is also an enormous opportunity for developing enlarged markets and advancing improved security. At the same time, the U.S. will remain a key partner for Russia in international affairs and in the handling of harmful Soviet legacies, such as disposing of nuclear and chemical wastes. Also, Russia will have to move towards deeper regional economic integration in East Asia instead of approaching the problems in this region from a traditional security perspective.
- Political Geography:
- Russia, Europe, Asia, Soviet Union, and Moscow
55332. Managing Relations between governmental and non-governmental organizations
- Author:
- Rachel Lutz
- Publication Date:
- 02-1999
- Content Type:
- Working Paper
- Institution:
- EastWest Institute
- Abstract:
- Since 1992-93, the EastWest Institute (EWI) has been organizing meetings of a 'Strategy Group for Strengthening Cooperation in Central and Eastern Europe'. The Strategy Group brings together representatives of the Central and Eastern European Associates of the European Union and Ukraine (and Western states and neighbouring countries where appropriate) to discuss the security challenges facing the region. The Strategy Group aims to foster the development of cooperative solutions to the problems facing Central and Eastern Europe. Participants in Strategy Group conferences and workshops come from diverse backgrounds, including governmental representatives, politicians, business people, academics and non-governmental representatives.
- Topic:
- Security, Government, and Non-Governmental Organization
- Political Geography:
- Europe and Ukraine
55333. Regional Policy in the Process of Integration
- Author:
- Aleko Djildjov and Vasil Marinov
- Publication Date:
- 01-1999
- Content Type:
- Working Paper
- Institution:
- EastWest Institute
- Abstract:
- There are different possible approaches to solving this problem. Considering its extreme complexity, and especially the lack of relevant practices in market economic conditions and in a democratic decision-making process, one of the possible solutions is the study and analysis, of the experience of other countries. If relevant, these experiences in countries which have already institutionalized regional development can be promoted. Although the experience of the countries in the EU, of which Bulgaria aspires to become a member, is important, it is even more important to study the current experience of countries in which conditions are closer to those in Bulgaria.
- Topic:
- Development, International Cooperation, and International Organization
- Political Geography:
- Europe, Eastern Europe, and Bulgaria
55334. Private Governance and Democracy in International Finance
- Author:
- William D. Coleman
- Publication Date:
- 07-1999
- Content Type:
- Working Paper
- Institution:
- Institute on Globalization and the Human Condition, McMaster University
- Abstract:
- The governance arrangements in international finance mirror, in part, those found domestically by featuring a partnership between relatively autonomous state agencies and private actors. Where they depart from domestic arrangements is in the relatively stronger position of private actors, particularly global financial conglomerates, in decision-making. Given the importance of the governance arrangements in international finance for the welfare of individuals and firms throughout the world, it is important to ask whether these arrangements conform to accepted criteria for democratic decision-making. Five criteria are identified that might be applied to international sites of governance. These criteria are then applied to three groups of institutions, the Bank for International Settlements (BIS), the International Organisation of Securities Commissions (IOSCO), and “private regimes” especially predominant in the derivatives subsector. Based on this analysis, important gaps are found when these governance institutions are held up to democratic principles.
- Topic:
- Globalization, Government, International Cooperation, and International Trade and Finance
- Political Geography:
- United States
55335. State Power and the Asian Crisis
- Author:
- Linda Weiss
- Publication Date:
- 11-1999
- Content Type:
- Working Paper
- Institution:
- Institute on Globalization and the Human Condition, McMaster University
- Abstract:
- The Asian financial crisis has re-opened the debate about the role of the state in the region's industrialisation. Just when there seemed to be growing acknowledgment across the economic and political disciplines that certain kinds of state involvement were vital to the rapid upgrading of the Northeast Asian economies and that understanding what made states effective or ineffective was a crucial issue, along came the financial hurricane. Profound disarray of an economic and social nature has been the most immediate and important consequence of this watershed event. Theoretical disarray has followed closely in its path. This paper seeks to inject some theoretical rigour into the discussion of the Asian crisis. State power in the Asian setting - whether and in what way the state's transformative capacity is weak or robust - and how it relates to the impact of international markets is central to the argument that follows.
- Topic:
- Development, Economics, and Government
- Political Geography:
- Asia and Northeast Asia
55336. Coming to Terms with Globalisation: Non State Actors and Agenda for Justice and Governance in the Next Century
- Author:
- Richard Higgott
- Publication Date:
- 02-1999
- Content Type:
- Working Paper
- Institution:
- Institute on Globalization and the Human Condition, McMaster University
- Abstract:
- Globalisation is now a near ubiquitous phenomenon. Indeed, it is the most over used and under specified term in the international policy sciences since the passing of the Cold War. However, as most actors in the international policy domain recognise, it is a term that is not going to go away. Policy responses--of state and non state actors alike--are increasingly coming to terms with globalisation, however defined.
- Topic:
- Democratization, Globalization, Government, Non-Governmental Organization, and Political Theory
- Political Geography:
- Europe
55337. International Institutions, Globalisation and Democray: Assessing the Challenges
- Author:
- Tony Porter and William D. Coleman
- Publication Date:
- 07-1999
- Content Type:
- Working Paper
- Institution:
- Institute on Globalization and the Human Condition, McMaster University
- Abstract:
- The advance of globalization has involved additional governance capacity at supranational levels and thereby raised concerns about democracy, which has traditionally been based on the nationstate. For the most part, these governance arrangements take the form of intergovernmental fora, where nation-states are the principal players. In some policy areas where globalization is more pronounced, such as international finance, governance appears to feature some autonomous institutional development. Autonomy may come in the form of a relatively strong international organization with a mandate anchored in international law such as the World Trade Organization (WTO), or of the institutionalization of norms and values that give the intergovernmental forum an autonomous and distinct global perspective. As Held (1995) has observed, democratic theory has assumed that the nation-state is the relevant decision-making unit. The migration of political authority to supranational levels thus has the potential to undermine long-standing democratic arrangements.
- Topic:
- Globalization, Government, International Law, International Organization, International Political Economy, and Political Theory
55338. Social and Economic Policies to Prevent Complex Humanitarian Emergencies
- Author:
- Jeni Klugman
- Publication Date:
- 01-1999
- Content Type:
- Policy Brief
- Institution:
- United Nations University
- Abstract:
- Complex humanitarian emergencies have caused widespread death and suffering over the last two decades. While recent tragedies in Bosnia, Rwanda and Angola have made the world more aware of the terrible human toll involved, the international community has yet to develop effective policy responses to stem such crises.
- Topic:
- Conflict Resolution, Development, Economics, Genocide, Human Rights, Migration, and Politics
- Political Geography:
- Bosnia, Rwanda, and Angola
55339. Heterogeneity and Evolution of Expectations: a Model of Currency Crisis
- Author:
- Jasmina Arifovic and Paul Masson
- Publication Date:
- 12-1999
- Content Type:
- Working Paper
- Institution:
- The Brookings Institution
- Abstract:
- A model of a portfolio allocation between mature and emerging markets is simulated with heterogeneous expectations, imitation, and experimentation. Solutions produce periodic crises. The predictions of the model are compared to a representative-agent, rational expectations model with multiple equilibria.
- Topic:
- Economics, International Political Economy, and International Trade and Finance
55340. Emissions Trading, Capital Flows and the Kyoto Protocol
- Author:
- Martin Ross, Robert Shackleton, Peter Wilcoxen, and Warwick J. McKibbin
- Publication Date:
- 12-1999
- Content Type:
- Working Paper
- Institution:
- The Brookings Institution
- Abstract:
- We use an econometrically estimated multi-region, multi-sector general equilibrium model of the world economy to examine the effects of the tradable emissions permit system proposed in the 1997 Kyoto protocol, under various assumptions about that extent of international permit trading. We focus, in particular, on the effects of the system on international trade and capital flows. Our results suggest that consideration of these flows significantly affects estimates of the domestic effects of the emissions mitigation policy, compared with analyses that ignore international capital flows.
- Topic:
- Economics, Environment, and International Trade and Finance
55341. The Crisis in Asia: An Empirical Assessment
- Author:
- Warwick McKibbin
- Publication Date:
- 12-1999
- Content Type:
- Working Paper
- Institution:
- The Brookings Institution
- Abstract:
- The economies of South East Asia and Korea have been shaken by a financial and economic crisis that has enveloped the region since mid 1997. There are competing explanations for the cause of the crisis however most commentators would agree that a major shock that impacted on the countries has been a dramatic increase in the perceived risks of investing in these economies. This paper explores the impact of a re-evaluation of the risk in the Asian economies focussing on the differential real consequences of a temporary versus more permanent rise in risk. It contributes to our understanding of the possible consequences of the Asia crisis by applying a global simulation model that captures both the flow of goods as well as international capital flows between countries. The real impacts on the Asian economies of a rise in risk perceptions in the model are large and consistent with observed adjustment. However the spillovers to the rest of the world are relatively small because the loss in export demand that accompanies the crisis in Asia is offset by a fall in long term interest rates as capital flows out of Asia into the non-Asian OECD economies. Thus strong domestic demand in economies such as the US induced by the general equilibrium effects of the reallocation of financial capital can more than offset the consequences of lower export growth. The analysis also highlights the impacts on global trade balances reflecting the movements of global capital and points to both potential problems and lesson for policymakers over the coming years.
- Topic:
- Economics, Emerging Markets, and Globalization
- Political Geography:
- China, Israel, East Asia, and Asia
55342. The Global Economic Impacts of Trade and Financial Reform in China
- Author:
- Warwick McKibbin and KK Tang
- Publication Date:
- 12-1999
- Content Type:
- Working Paper
- Institution:
- The Brookings Institution
- Abstract:
- Despite the setbacks from the recent Asian currency crisis, the ascendancy of Asia as an economic centre of world economic activity is likely to continue into the 21st century. A key issue that will shape the role of Asia, and indeed the shape of the world economy in the 21st century, is the economic development of China. To date China has successfully weathered the currency storm in Asia and continues on a program of economic reform. If anything, the problems of Japan and Korea provide powerful lessons for other countries undergoing rapid economic growth and structural change. These lessons include the importance of a well developed financial sector with lending and investment decisions based on market signals rather than government directives. Whether China can further integrate smoothly into global markets and sustain the fast growth of the last few decades will be a crucial development in the world economy. In this paper, we explore the impacts of continued Chinese economic reform with a focus on the role of international financial flows both in the adjustment within China as well as in the transmission of Chinese reforms to the rest of the world.
- Topic:
- Economics, Emerging Markets, and Globalization
- Political Geography:
- China, Israel, East Asia, and Asia
55343. Regional and Multilateral Trade Liberalization: The Effects on Trade, Investment and Welfare
- Author:
- Warwick McKibbin
- Publication Date:
- 12-1999
- Content Type:
- Working Paper
- Institution:
- The Brookings Institution
- Abstract:
- This paper explores the impact on economies of trade liberalization under alternative regional and multilateral arrangements: unilateral liberalization; liberalization as part of the ASEAN regional grouping; liberalization as part of the APEC regional grouping; or liberalization as part of a multilateral trade liberalization regime. The paper is based on a Dynamic Intertemporal General Equilibrium model (DIGEM) called the Asia-Pacific G-Cubed Model. It is shown that the long run gains from a country's own liberalization tend to be large relative to the gains from other countries liberalizing although this varies across countries. It is also shown that there is a significant difference between the effects on GDP (production location) and the effects on consumption per capita of the alternative liberalization approaches across countries. The timing of liberalization is also shown to matter. With open capital markets the gains from credibly announced trade liberalization are realized before the reforms are put in place because there is a rise in global investment which raises the global capital stock. In addition there is a reallocation of capital via financial market adjustment. This paper also demonstrates that for some economies, there can be short run adjustment costs to trade liberalization because resources cannot be instantly reallocated across sectors in an economy. These adjustment costs from own liberalization can be reduced if more countries also liberalize. The nature of the dynamic adjustment suggests that other macroeconomic policies may play an important role during the early period of phased-in trade liberalization.
- Topic:
- Economics, Emerging Markets, and Globalization
- Political Geography:
- China, Israel, East Asia, and Asia
55344. Rapid Economic Growth in China: Implications for the World Economy
- Author:
- Warwick McKibbin and Yiping Huang
- Publication Date:
- 12-1999
- Content Type:
- Working Paper
- Institution:
- The Brookings Institution
- Abstract:
- Rapid growth of the Chinese economy in the past decade and its potential for strong growth into the foreseeable future have caused anxieties in the rest of the world. Some commentators see Chinese growth wholly in terms of competition for trade and investment opportunities with other developing economies and a major cause of structural adjustments in the advanced industrialized economies. In particular there have been warnings of severe consequences for international agricultural markets. In this paper we use a dynamic general equilibrium model called the G-CUBED model (developed by McKibbin and Wilcoxen) to explore possible future paths of the Chinese economy based on projections of population growth, sectoral productivity growth, energy efficiency and technical change in the Chinese economy. This model captures not only the composition of the direct trade impacts of developments in the Chinese economy but also the implications of the endogenous flows of financial capital on macroeconomic adjustment in the world economy. The study focuses on the period from 1990 to 2020. Rather than being a problem for the world economy, we find strong growth in China is beneficial for the world economy directly through raising world incomes.
- Topic:
- Economics, Emerging Markets, and Globalization
- Political Geography:
- China, Israel, East Asia, and Asia
55345. The Transmission of Productivity and Investment Shocks in the Asia Pacific Region
- Author:
- Warwick McKibbin
- Publication Date:
- 12-1999
- Content Type:
- Working Paper
- Institution:
- The Brookings Institution
- Abstract:
- An important aspect of macroeconomic interdependence in the Asia Pacific region is the adjustment of trade and current account balances in response to changes in saving and investment rates in individual economies. Greater trade flows, reliance on imported intermediate goods as well as more integrated capital markets imply that shifts in private or public saving and investment rates in an economy in the region can potentially have large impacts on other economies. This paper explores the quantitative nature of these linkages by focusing on a number of shocks within the context of a new dynamic multi-sector global model called the Asia-Pacific G-Cubed Model (AP-GCUBED). This model integrates sectoral adjustment with macroeconomic interdependence including explicit treatment of capital flows to explore the implications of a variety of productivity and investment shocks in the Asia Pacific Region. The first shock considered is a permanent decline in private investment in Japan. The second shock is a temporary rise in total factor productivity growth in China. The fall in Japanese investment is found to have a significant effect on trade flows and financial flows in the region whereas the rise in Chinese productivity has a quite different effect on the region.
- Topic:
- Economics, Emerging Markets, and Globalization
- Political Geography:
- China, Israel, East Asia, and Asia
55346. North Korea: How Much Reform and Whose Characteristics?
- Author:
- Heather Smith
- Publication Date:
- 12-1999
- Content Type:
- Working Paper
- Institution:
- The Brookings Institution
- Abstract:
- This paper is the first of a three part project on economic reform on the Korean Peninsula. In this first paper, I focus on the question which has been subject to considerable recent debate, namely whether collapse of North Korea is imminent. In accessing this question the paper discusses the three structural bottlenecks now thought to be severely constraining the North Korean economy following a series of external shocks in the late 1980s, food shortages, energy constraints and a limited capacity to earn foreign exchange. Much speculation has focused on the deterioration in the food economy and that a prolongation of current food shortages will see North Korea collapse. One contribution of this paper lies in its attempt to analyze North Korean agricultural production and food consumption patterns using data made available by North Korea to the United Nations Food and Agricultural Organization. Several anomalies are found between this data and recent World Food Program assessments of food conditions and estimates of nutritional requirements which suggest caution in drawing a too deterministic link between current food shortages and collapse. The paper then discusses the role of international and regional players in prolonging North Korea's economic survival. In particular, the terms under which North Korea signed onto the 1994 Agreed Framework, a return to favorable trading terms with China, and North Korea's attempts aimed at expanding economic ties with the international community, could sustain North Korea at subsistence levels for the next 5 years at least. If collapse is not imminent in the short to medium term, then the policy implications that emerge from such a scenario are clear: that the international community will need to continue to pursue a policy approach of managing tension reduction and the integration of North Korea into the international community. Whether the North Korea regime will embrace fundamental reforms needed to ensure longer term survival remains difficult to judge. In the final section of the paper, several reasons are advanced as to why the window of opportunity for North Korea to embrace reform is now greater than at any time in the past.
- Topic:
- International Relations and Economics
- Political Geography:
- Israel and East Asia
55347. The Macroeconomic Experience of Japan Since 1990: An Empirical Investigation
- Author:
- Warwick McKibbin
- Publication Date:
- 12-1999
- Content Type:
- Working Paper
- Institution:
- The Brookings Institution
- Abstract:
- This paper outlines the macroeconomic experience of the Japanese economy since 1990. The MSG2 multi-country model is used to determine the extent to which the strong yen and growth experience of Japan over this period was due to underlying trends in the Japanese economy and to what extent shocks such as changes in the settings of monetary and fiscal policies in Japan and overseas, as well as the Kobe earthquake, played a role. It is shown that many of the key features of the Japanese economy over this period can be attributed to inappropriate macroeconomic policy settings in Japan as well as reflecting long term trends due to population changes and a maturing of the Japanese economy. In particular, it is shown that announcing expansionary fiscal policy in advance of implementation and exaggerating the extent of actual stimulus, tended to appreciate the yen and raise long term real interest rates which further reduced real GDP growth over the period. The extent to which macroeconomic policy rather than entrenched structural problems can explain the experience suggests that future prospects for the Japanese economy are not as bleak as sometimes predicted. Growth is unlikely to return to the high levels experienced in previous decades because of the maturing of the Japanese economy and low future population growth in Japan. This paper projects growth to be sustainable at around 2.5% per year over the next decade and a continual appreciation of the yen in both real and nominal terms.
- Topic:
- Economics and Political Economy
- Political Geography:
- Japan, Israel, and East Asia
55348. Greenhouse Gas Emissions
- Author:
- Jeffrey A. Frankel
- Publication Date:
- 06-1999
- Content Type:
- Policy Brief
- Institution:
- The Brookings Institution
- Abstract:
- Growth targets for emissions of greenhouse gases (GHG) by developing countries should be part of the effort to mitigate global climate change. This policy brief advances an approach for determining appropriate targets. They should be neither so tight as to retard economic development nor so generous as to confer enormous windfall gains. But where in this range should these targets be set? A fair allocation for potential new participants would fit the present pattern of emissions reductions agreed among industrialized countries at Kyoto in December 1997. Richer countries, in effect, agreed to make bigger sacrifices (on average) than did poor ones. Given uncertainty about the future, however, fixing the precise quantitative emission target now would create great risks regarding the ultimate stringency of the target. It would raise concerns that a target could turn out either unexpectedly stringent—unintentionally constraining economic development—or unexpectedly lax—resulting in emissions greater than in the absence of an agreement. Indexing emission targets to a country's gross domestic product (GDP) growth would moderate the effects of uncertainty.
- Topic:
- International Relations, Emerging Markets, and Environment
55349. The International Financial Architecture
- Author:
- Jeffrey A. Frankel
- Publication Date:
- 06-1999
- Content Type:
- Policy Brief
- Institution:
- The Brookings Institution
- Abstract:
- The recent financial crises in many emerging market economies have raised anew questions about the appropriate exchange-rate regime and the use of capital controls as policy instruments. The use of both mechanisms should be tailored to each country's unique circumstances. Fixed exchange-rate mechanisms, such as dollarization (adopting the dollar as legal tender in place of the national currency), are suited to small open economies or those desperate to import monetary stability. Larger economies, such as the European Union (EU) and the United States, should allow their currencies to float. Intermediate regimes that fall between fixed- and floating-rate regimes—such as bands, baskets, and crawls (See Figure 1 for definitions)—are still appropriate for some countries. Certain well-targeted restrictions on the composition of capital flows might be appropriate for some emerging-market countries as temporary measures when inflows are particularly high.
- Topic:
- Economics and International Trade and Finance
- Political Geography:
- United States and Europe
55350. NATO at 50: The Summit Beyond
- Author:
- Ivo H. Daalder
- Publication Date:
- 04-1999
- Content Type:
- Policy Brief
- Institution:
- The Brookings Institution
- Abstract:
- At the threshold of a new century, NATO needs a new purpose. A NATO maintained solely as a hedge against an uncertain future (including a possibly resurgent Russia) will become increasingly marginal to the interests of its members. A shift in emphasis to defending common global interests risks magnifying discord among Alliance members. Instead, NATO's purpose should now be to extend security and stability to all of Europe. This will require placing more emphasis on the ability to conduct crisis management operations in the region and taking practical, visible steps to keep the door to NATO membership wide open.
- Topic:
- Security, NATO, and International Organization
- Political Geography:
- Europe
55351. The Case Against Tax Cuts
- Author:
- William G. Gale and Alan J. Auerbach
- Publication Date:
- 03-1999
- Content Type:
- Policy Brief
- Institution:
- The Brookings Institution
- Abstract:
- Emerging federal budget surpluses have sparked calls for large-scale tax cuts that would be irresponsible and counterproductive. Surpluses over the next ten years are based on optimistic assumptions regarding revenues and spending. Even if they do materialize, the surpluses will exist only because government accounting obscures the growing cost of future liabilities. The government faces a large, long-term deficit, and tax cuts would make this problem worse. The proposed 10-percent income tax rate cut would provide disproportionately large benefits to wealthy households and little to lower income households. It would have little effect on economic growth, but would impose higher burdens on future generations, and would reduce future budget discipline by violating the budget rules. Moreover, for most families, tax burdens are already at their lowest level in twenty years. Saving the surplus, by paying down public debt, would help the economy much more than would tax cuts.
- Topic:
- Government and Political Economy
- Political Geography:
- United States
55352. The Changing Shape of Government
- Author:
- Paul C. Light
- Publication Date:
- 02-1999
- Content Type:
- Policy Brief
- Institution:
- The Brookings Institution
- Abstract:
- The past six years have witnessed the most significant reshaping of the federal workforce in recent history. On the one hand, government clearly has lost weight. The total number of full-time federal employees has declined, as has the number of federal middle-level managers. On the other hand, government has gotten much taller, at least as measured by the number of layers at the very top of the federal hierarchy. This changing shape means that ordinary Americans will be less likely to contact a federal employee when they call a government 800 number, write an office, or use a service. It also means that the nation's elected and appointed leaders will be further from the front lines, and less likely to know what the public is getting for its tax dollars.
- Topic:
- Government
- Political Geography:
- United States
55353. Drug Trafficking on the Great Silk Road: The Security Environment in Central Asia
- Author:
- Martha Brill Olcott
- Publication Date:
- 12-1999
- Content Type:
- Working Paper
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- To address drug proliferation and trafficking in the context of non-traditional security threats and to try to find ways out of the potentially explosive situation, the Carnegie Endowment for International Peace sponsored a meeting of representatives of the five Central Asian states, Russia, Azerbaijan, Turkey, the United States, the United Nations Drug Control Program (UNDCP), the Organization for Security and Cooperation in Europe (OSCE), and the Aga Khan Development Network, held in Bishkek, Kyrgyzstan in May 1999. This paper analyzes the situation in the region based on the conference proceedings and aims to raise international awareness of the seriousness of the problem. It also advocates the need for a concerted effort within the region and without to help these countries fight this evil.
- Topic:
- Security and International Law
- Political Geography:
- Russia, United States, Turkey, Asia, and United Nations
55354. A Dollarization Blueprint for Argentina
- Author:
- Steve H. Hanke and Kurt Schuler
- Publication Date:
- 03-1999
- Content Type:
- Policy Brief
- Institution:
- The Cato Institute
- Abstract:
- President Carlos Menem of Argentina has advocated replacing the Argentine peso with the dollar. Dollarization would benefit Argentina because it would eliminate the peso-dollar exchange-rate risk, lower interest rates, and stimulate economic growth.
- Topic:
- Economics and International Political Economy
- Political Geography:
- Argentina, South America, and Latin America
55355. Ballistic Missile Proliferation: Does the Clinton Administration Understand the Threat?
- Author:
- Ivan Eland and Timothy M. Beard
- Publication Date:
- 02-1999
- Content Type:
- Policy Brief
- Institution:
- The Cato Institute
- Abstract:
- Although the end of the Cold War reduced the likelihood of a nuclear exchange between the superpowers, several smaller rogue states, through their dedicated efforts to acquire weapons of mass destruction and ballistic missiles, have emerged as potential threats to U.S. national security. National Intelligence Estimate 95-19 stated that no new missile threats to the United States would develop before 2010. However, given the curious circumstances of the estimate's release and the many analytical faults contained in the document, its results have been questioned.
- Topic:
- Defense Policy and National Security
- Political Geography:
- United States
55356. Strengthening the Biological Weapons Convention: Illusory Benefits and Nasty Side Effects
- Author:
- Eric R. Taylor
- Publication Date:
- 10-1999
- Content Type:
- Working Paper
- Institution:
- The Cato Institute
- Abstract:
- The Biological Toxins and Weapons Convention—signed in 1972—prohibits signatory nations from developing, possessing, employing, or transferring biological weapons. The convention does not contain any protocols for its enforcement, however. There is now an international effort under way to develop such protocols.
- Topic:
- Arms Control and Proliferation and International Cooperation
- Political Geography:
- United States
55357. Corporate Welfare for Weapons Makers the Hidden Costs of Spending on Defense and Foreign Aid
- Author:
- William D. Hartung
- Publication Date:
- 08-1999
- Content Type:
- Working Paper
- Institution:
- The Cato Institute
- Abstract:
- The defense and foreign aid budgets are the largest single source of government funding for private corporations. More than half of U.S. weapons sales are now being financed by taxpayers instead of foreign arms purchasers. During fiscal year 1996 (the last year for which full statistics are available), the government spent more than $7.9 billion to help U.S. companies secure just over $12 billion in agreements for new international arms sales. The annual $7.9 billion in subsidies includes taxpayer-backed loans, grants, and government promotional activities that help U.S. weapons makers sell their products to foreign customers. Also, the provision of low-cost facilities and extensive subsidies for research and development and mergers and acquisitions to major contractors fosters a “risk-free” environment in which weapons makers have little economic incentive to produce effective systems at affordable prices. Furthermore, a portion of the $120 billion the Pentagon spends each year on contracts with U.S. defense contractors is being wasted on defense pork—that is, redundant or unneeded weapons systems. Such subsidies and spending for defense pork can interfere with the fulfillment of legitimate security needs.
- Topic:
- Defense Policy, Arms Control and Proliferation, Climate Change, Government, and Industrial Policy
- Political Geography:
- United States
55358. Replacing Potemkin Capitalism: Russia's Need for a Free-Market Financial System
- Author:
- Kurt Schuler and George A. Selgin
- Publication Date:
- 06-1999
- Content Type:
- Working Paper
- Institution:
- The Cato Institute
- Abstract:
- On August 17, 1998, Russia devalued the ruble and stopped payment on its government debt, creating a financial crisis that continues today. Some observers have blamed the financial crisis, and the poor performance of the Russian economy generally, on government policies that they claim are rigidly laissez faire. However, a closer look at the Russian financial system reveals that it remains fundamentally socialist, though it has superficial capitalist features.
- Topic:
- Debt, Economics, Government, and Financial Crisis
- Political Geography:
- Russia, Europe, and Asia
55359. Blunder in the Balkans: The Clinton Administration's Bungled War against Serbia
- Author:
- Christopher Layne
- Publication Date:
- 05-1999
- Content Type:
- Working Paper
- Institution:
- The Cato Institute
- Abstract:
- The Clinton administration has made one miscalculation after another in dealing with the Kosovo crisis. U.S. officials and their NATO colleagues never understood the historical and emotional importance of Kosovo to the Serbia n people, believing instead that Belgrade's harsh repression of the ethnic Albanian secessionist movement in Kosovo merely reflected the will of President Slobodan Milosevic of Yugoslavia. The administration's foreign policy team mistakenly concluded that, under a threat of air strikes, the Yugoslav government would sign a dictate d peace accord (the Rambouillet agreement) to be implemented by a NATO peacekeeping force in Kosovo. Even if Milosevic initially refused to sign the Rambouillet agreement, administration leaders believed that Belgrade would relent after a brief “demonstration” bombing campaign. Those calculations proved to be disastrously wrong.
- Topic:
- Conflict Resolution, International Relations, Foreign Policy, NATO, and Ethnic Conflict
- Political Geography:
- Russia, United States, China, Europe, Eastern Europe, Asia, Kosovo, Yugoslavia, Serbia, Balkans, and Albania
55360. Old Wine in New Bottles: The Pentagon's East Asia Security Strategy Report
- Author:
- Doug Bandow
- Publication Date:
- 05-1999
- Content Type:
- Working Paper
- Institution:
- The Cato Institute
- Abstract:
- To contain Soviet-led communism and, secondarily, to prevent a militarily resurgent Japan, Washington established a network of alliances, bases, and deployments throughout East Asia after World War II. By the 1990s the Soviet Union had imploded, China had become a reasonably restrained international player, and other communist states had lost their ideological edge. At the same time, the noncommunist nations had leaped ahead economically. Despite such momentous developments, however, U.S. policy remains fundamentally the same.
- Topic:
- Security, Foreign Policy, and Defense Policy
- Political Geography:
- United States, Japan, China, Washington, Israel, and Soviet Union
55361. Is Readiness Overrated? Implications for a Tiered Readiness Force Structure
- Author:
- James L. George
- Publication Date:
- 04-1999
- Content Type:
- Working Paper
- Institution:
- The Cato Institute
- Abstract:
- Readiness, the capability to respond quickly to a conflict with the appropriate force, is considered one of the most important elements in defense planning. From one-third to well over one-half of the defense budget goes toward maintaining readiness. Few people questioned the need for readiness, especially after the attack by North Korea against South Korea in 1950 and during the Cold War, when the Soviet-led Warsaw Pact was poised to quickly thrust into Western Europe without much warning.
- Topic:
- Security, Defense Policy, and Cold War
- Political Geography:
- United States, South Korea, North Korea, and Western Europe
55362. In Praise and Criticism of Mexico's Pension Reform
- Author:
- L. Jacobo Rodriguez
- Publication Date:
- 04-1999
- Content Type:
- Working Paper
- Institution:
- The Cato Institute
- Abstract:
- The privatization of Mexico's government-run pay-as-you-go social security system, which went into effect in July 1997, is the Ernesto Zedillo administration's most important structural reform. It is a measure that, if successful, will help bring much-needed social and economic stability. The Mexican peso crisis of 1994–95 underscore d the fragility of Mexico's economy, its need for independent institutions, and its need for a large pool of long-term domestic savings. An increase in the rate of private savings in Mexico, which this reform will promote, would make the Mexican economy less dependent on short-term fluctuations of international capital flows and, thus, more stable. More important still, the privatization of social security will erect one of the basic pillars of a free society by turning Mexico into a country of property-owning workers.
- Topic:
- Economics, Government, International Political Economy, and Privatization
- Political Geography:
- Latin America and Mexico
55363. National Missile Defense: Examining the Options
- Author:
- Charles V. Peña and Barbara Conry
- Publication Date:
- 03-1999
- Content Type:
- Working Paper
- Institution:
- The Cato Institute
- Abstract:
- To date, the debate surrounding national missile defense (NMD) has been dominated by political rhetoric. Supporters (usually conservatives) often paint a “doom-and-gloom” picture, pointing out that the United States is vulnerable to an attack by ballistic missiles. Critics (usually liberals) defend the Anti-Ballistic Missile Treaty as the cornerstone of deterrence and stability and argue that any defensive deployment would upset the balance between the offensive strategic nuclear forces of the United States and Russia.
- Topic:
- Defense Policy
- Political Geography:
- Russia and United States
55364. U.S. Assistance for Market Reforms: Foreign Aid Failures in Russia and the Former Soviet Bloc
- Author:
- Janine R. Wedel
- Publication Date:
- 03-1999
- Content Type:
- Working Paper
- Institution:
- The Cato Institute
- Abstract:
- Since the fall of the Berlin Wall in 1989 and the subsequent breakup of the Soviet Union in 1991, the governments of the United States and other Western countries have provided massive aid to promote a transition to the free market in Central and Eastern Europe and the former Soviet Union. But aid for market reforms in the region has been largely ineffective. Whether provided in the form of technical assistance, grants to political groups or nongovernmental organizations, loans and guarantees to the private sector, or direct financial aid to post-communist governments, that aid has been plagued by a number of problems. The failed $22.6 billion bailout of Russia by the International Monetary Fund in July 1998 only confirmed the flawed nature of the aid-for-reform approach.
- Topic:
- Economics and Emerging Markets
- Political Geography:
- Russia, United States, Europe, Eastern Europe, Asia, and Soviet Union
55365. Tilting at Windmills: Post-Cold War Military Threats to U.S. Security
- Author:
- Ivan Eland
- Publication Date:
- 02-1999
- Content Type:
- Working Paper
- Institution:
- The Cato Institute
- Abstract:
- Serious military threats to U.S. security have diminished dramatically since the end of the Cold War. The threat from conventional Russian military forces has all but disintegrated and would take many years to reconstitute. China would take 20 to 30 years to transform its bloated and obsolete military into a major threat to U.S. vital interests. The militaries in both nations should be watched, but they may never develop into credible threats.
- Topic:
- Security, Defense Policy, Arms Control and Proliferation, Cold War, Nuclear Weapons, and Terrorism
- Political Geography:
- United States
55366. The Comprehensive Test Ban Treaty: The Costs Outweigh the Benefits
- Author:
- Kathleen C. Bailey
- Publication Date:
- 01-1999
- Content Type:
- Working Paper
- Institution:
- The Cato Institute
- Abstract:
- The Comprehensive Test Ban Treaty (CTBT) is now before the U.S. Senate for its advice and consent. The treaty bans all explosive testing of nuclear weapons. Advocates of the CTBT make several arguments in support of the treaty. The reasons reduce to two points: the ban will constrain the modernization and development of nuclear weapons by the nations that already possess them, and it will help prevent the spread of nuclear weapons to additional nations. Both objectives are set out in the CTBT's preamble.
- Topic:
- Security, Arms Control and Proliferation, and Nuclear Weapons
- Political Geography:
- United States
55367. Japanese Entrepreneurship: Can the Silicon Valley Model Be Applied to Japan?
- Author:
- Katsuhiro Nakagawa
- Publication Date:
- 12-1999
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- Since 1992, the Japanese economy has been utterly stagnant, with signs of weak performance at every turn. Since 1997, Japan's economy has experienced negative growth, a situation unprecedented in the postwar era. Most large Japanese corporations have engaged in extensive restructuring during this period, which has in turn contributed to 4.8 percent unemployment—higher than rates in the United States. Further, in 1998, the closure rate of small companies (3.8 percent) exceeded the start-up rate of new business ventures (3.7 percent).
- Topic:
- Security
- Political Geography:
- United States, Japan, and Asia
55368. Accessing Venture Capital in India
- Author:
- Rafiq Dossani
- Publication Date:
- 10-1999
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- In the 1970s, IT exports from India began with “body-shopping,” also known as contract programming. In such contracts, the amount of code was specified in the contract and there was relatively little risk. Until 1991, this was the main form of IT exports, and it was per- formed exclusively by Indian firms. Foreign firms were deliberately excluded as a matter of government policy. It was a difficult business environment. Indian firms that were exporting bodies, as well as firms that operated only in the domestic market, found themselves operat- ing in a closed economy, featuring high tariffs on hardware imports and non-tariff barriers on software imports. Quite by accident, this situation led to a growth of skills that would be of great value to India a few years later. India's UNIX talents, now globally in demand due to the growth of the Internet, developed because the country's closed economy forced Indian computer makers to develop their own hardware and software design skills. Sridhar Mitta noted that, in 1983, the United States used an Intel 386 microprocessor as the base for a simple personal computer, whereas India employed the same microprocessor with the UNIX operating system to power mainframes that controlled large enterprises. India's closed environment also spurred the country's IT industry to develop advanced skills in system design, architecture, protocol stacks, compilers, device drivers, and boards.
- Topic:
- Security
- Political Geography:
- United States, India, and Asia
55369. Assessing U.S. Bilateral Security Alliances in the Asia Pacific's "Southern Rim": Why the San Francisco System Endures
- Author:
- William T. Tow
- Publication Date:
- 10-1999
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- At the turn of the century, the United States' postwar alliance network remains a key component of its international security policy. That policy is fundamentally based on maintaining military superiority over current and potential rivals in the Eurasian landmass.
- Topic:
- Security
- Political Geography:
- United States, Eurasia, Asia, and San Francisco
55370. Containment by Stealth: Chinese Views of and Policies toward America's Alliances with Japan and Korea after the Cold War
- Author:
- Yu Bin
- Publication Date:
- 09-1999
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- At the height of the Cold War, the dominant Western theories of alliance building in interstate relations argued that alliances tend to be motivated more by an external need to confront a clearly defined common adversary than by the domestic attributes of alliance partners. The newly reinvigorated U.S.-Japan alliance, however, together with the newly expanded NATO, seems to depart from the conventional pattern by emphasizing shared democratic values and by maintaining a high degree of ambiguity regarding the goals and targets of the alliance. Although these new features of American-led military alliances provide an anchor in an other- wise highly fluid situation in the post–Cold War world, many Chinese foreign-and defense-policy analysts believe that U.S. alliances with Asian countries, particularly with Japan, pose a serious, long-term challenge, if not a threat, to China's national security, national unification, and modernization. The ambiguity of the revised U.S.-Japan security alliance means that it is at best searching for targets and at worst aiming at China.
- Topic:
- Security
- Political Geography:
- United States, Japan, Asia, and Korea
55371. Catch-Up; Why Poor Countries Are Becoming Richer, Democratic, Increasingly Peaceable, and Sometimes More Dangerous
- Author:
- Henry S. Rowen
- Publication Date:
- 08-1999
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- It is easy to be confused about the world's prospect. On the one hand, since the collapse of the Soviet Union and its empire, many millions of people have been freed from economic and political shackles that had long kept them under authoritarian rule and in poverty—or at least far poorer than they should be. On the other hand, several parts of the world are beset by political turmoil and conflicts, rapid population increases, and falling incomes.
- Topic:
- Security, Democratization, Development, Emerging Markets, and Third World
- Political Geography:
- Soviet Union
55372. Crisis and Aftermath: The Prospects for Institutional Change in Japan
- Author:
- Rafiq Dossani
- Publication Date:
- 08-1999
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- Impelled in large part by the nearly decade-long stagnation of the Japanese economy, institutions in Japan are undergoing fundamental changes. When Professors Masahiko Aoki, of the Stanford University Department of Economics, and Henry Rowen, director of the Asia/Pacific Research Center, were talking about these changes, they realized that an international conference on the subject would be useful and informative. With funding from the Asia/ Pacific Research Center and the Institute for International Studies, a distinguished group of speakers, commentators, and participants was brought together for a one-day conference to look at institutional changes in three distinct sectors of Japanese society: the political system, the bureaucracy, and corporations.
- Topic:
- Security
- Political Geography:
- United States, Japan, and Asia
55373. Nesting the Alliances in the Emerging Context of Asia-Pacific Multilateral Processes: A U.S. Perspective
- Author:
- Douglas Paal
- Publication Date:
- 07-1999
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- As Americans consider their options for protecting and advancing their interests in Asia in the twenty-first century, it is natural that there will be wide-ranging views and vigorous debate. Recent events such as the 1996 Taiwan crisis, the Asian economic meltdown in 1997, and the exchange of state visits by presidents Bill Clinton and Jiang Zemin in 1997 and 1998 have intensified, then moderated and redirected, much of the debate over a very short span of time. Two years ago, for example, the Chinese were worrying aloud about American efforts to “encircle” China. Now they talk about “building a constructive strategic partnership with the U.S.” Despite these ups and downs, however, the fundamental choices for the United States have remained largely the same.
- Topic:
- Security
- Political Geography:
- United States, China, America, Taiwan, and Asia
55374. When Realism and Liberalism Coincide: Russian Views of U.S. Alliances in Asia
- Author:
- Andrew C. Kuchins and Alexei V. Zagorsky
- Publication Date:
- 07-1999
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- Contemporary discussions of virtually any aspect of Russian foreign and security policy must take as their point of departure the extraordinarily weakened condition of the Russian Federation. There is no comparable case of such a rapid and dramatic decline in the status of a great power during peacetime in modern history. The Russian economy has been in a virtual free fall for most of the 1990s. The World Bank estimated the Russian GNP in 1997, using fixed exchange rates not adjusted for purchasing power parity, at $403.5 billion, making Russia the twelfth-largest economy in the world, just ahead of the Netherlands and just behind South Korea. Russian per capita GNP of $2,740 ranked fifty-first in the world and was in the category of “low middle” income countries. In 1997 the Russian GNP was about 5 percent of that of the United States, 8 percent adjusted for purchasing power parity. The figures for 1998 will be even starker given the devaluation of the ruble to approximately 30 percent of its 1997 value and continuing overall economic decline. A back-of-the-envelope calculation would have Russian GNP at the end of 1998 at no more than $120 billion and per capita GNP at less than $1,000.
- Topic:
- Security
- Political Geography:
- Russia, United States, Asia, South Korea, and Netherlands
55375. Adjusting America's Two Alliances in East Asia: A Japanese View
- Author:
- Takashi Inoguchi
- Publication Date:
- 07-1999
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- The alliances of the United States in East Asia are in a process of profound change (Okimoto 1998). The treaties with Japan and Korea are undergoing distinctive metamorphoses. These changes are the result of a number of forces that unfolded over the decades of the twentieth century, most notably the Cold War, globalization, and democratization (Inoguchi 1993, 1995; and Archibugi, Held, and Koehler 1996).
- Topic:
- Security
- Political Geography:
- United States, America, East Asia, and Asia
55376. Changing Relations between Party, Military, and Government in North Korea and Their Impact on Policy Direction
- Author:
- Jinwook Choi
- Publication Date:
- 07-1999
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- North Korea has recently exhibited some noteworthy changes. In September 1998 it amended its constitution to change the power structure and introduced a number of progressive clauses. It also began to use the slogan “A Strong and Prosperous Nation,” which emphasizes economic prosperity as well as political, ideological, and military strength.
- Topic:
- Security
- Political Geography:
- United States, Asia, and Latin America
55377. China and the U.S.-Japan and U.S.-Korea Alliances in a Changing Northeast Asia
- Author:
- Chu Shulong
- Publication Date:
- 06-1999
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- The American security alliances with Japan and South Korea have been a major concern of China's foreign and defense policies. China's position toward the alliances is determined by its foreign policy and security theories, doctrines, and principles; by its approach to a regional security mechanism in the Asia-Pacific region; by its bilateral relations with countries in Northeast Asia; and by incidental issues such as territorial disputes in Asia in which it is involved.
- Topic:
- Security
- Political Geography:
- United States, Japan, China, Asia, and Korea
55378. New Estimates of the United States - China Trade Balances
- Author:
- Lawrence J. Lau and K.C. Fung
- Publication Date:
- 04-1999
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- The United States and China have vastly different official estimates of the bilateral trade imbalance. The U.S. figures show that the United States had a merchandise trade deficit of US$57 billion vis-à-vis China in 1998 whereas the Chinese figures show that China had a merchandise trade surplus of only US$21 billion vis-à-vis the United States. There is a difference of US$36 billion. Which set of figures is right?
- Topic:
- International Trade and Finance
- Political Geography:
- United States, China, and Asia
55379. Seoul Domestic Policy and the Korean-American Alliance
- Author:
- B.C. Koh
- Publication Date:
- 03-1999
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- While domestic politics helps to shape foreign policy, the two do not necessarily covary. That is to say, fundamental change in the former may not always trigger corresponding change in the latter. This is especially true of an alliance relationship, for a shared perception of an external threat that helps to sustain such a relationship is frequently unaffected by domestic political change.
- Topic:
- Security
- Political Geography:
- United States, America, Asia, and Korea
55380. Japan-ROK Security Relations: An American Perspective
- Author:
- Michael J. Green
- Publication Date:
- 03-1999
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- This monograph explores contemporary Japan-ROK security relations from the perspective of U.S. strategic interests in Asia. Japan and the Republic of Korea have been aligned but not allied since the beginning of the Cold War, and the United States has long been frustrated in its desire to strengthen the Japan-ROK leg of its network of bilateral alliances in Asia. The United States abandoned the goal of encouraging a formal U.S.-Japan-ROK alliance early on in the Cold War, and in the current strategic environment a trilateral alliance would probably be counterproductive. At the same time, however, the fluidity of East Asian security relations today has heightened the dangers of leaving the Japan-ROK security relationship in an ambiguous state. Closer Japan-ROK security cooperation will enhance U.S. efforts to maintain forward presence, manage diplomacy and potential crises on the Korean Peninsula, and integrate China as a cooperative partner in the region. In contrast, distant Japan-ROK relations would complicate all of these U.S. objectives. Hostile Japan-ROK relations, particularly in the context of Korean reunification, would have a spillover effect on Sino-U.S. relations and could return the region to the great-power rivalry of the last century.
- Topic:
- Security
- Political Geography:
- United States, Japan, China, Asia, and Korea
55381. The Korean-American Alliance and the "Rise of China": A Preliminary Assessment of Perceptual Changes and Strategic Choices
- Author:
- Jae Ho Chung
- Publication Date:
- 02-1999
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- Does history repeat itself? It appears so for Korea as an unfortunate geopolitical pawn of its stronger neighbors for the last century or so. History does not seem to repeat in quite the same way, however. As Chinese diplomat Huang Zunxian recommended in 1880 that Chosun (Korea's official designation during the Yi Dynasty) “side with the Qing” ( qinzhong ) while relegating the relative importance of Japan and the United States to the levels of “aligning and connecting” ( jieri and lianmei ), respectively, Korea remained for the most part the most loyal subsystem of the Sinic world order, thereby missing out on opportunities for self-strengthening and realignment and eventually becoming a Japanese colony. More than a hundred years later, the Republic of Korea (hereafter Korea) may now be about to confront a similar dilemma, but this time with a reversed order of preferences. That is to say, the rise of China, with which Korea has already accomplished diplomatic normalization, may gradually force the Seoul government to reconfigure its Cold War–based strategic thinking and reassess its half-century alliance relationship with the United States.
- Topic:
- Security
- Political Geography:
- United States, China, Asia, and Korea
55382. Asian Alliances and American Politics
- Author:
- Michael H. Armacost
- Publication Date:
- 02-1999
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- The domestic politics of our Asian alliances is like the story of the dog that didn't bark. Though our defense ties with Japan and Korea were forged in the Cold War, nearly ten years after the Berlin Wall came down, few voices are being raised to amend, let alone terminate, either the Treaty of Mutual Cooperation and Security with Japan or the U.S.-Korea Mutual Defense Treaty. Although large numbers of U.S. troops remain in both countries, congressional criticisms of allied “free riding” are rarely heard. Our alliances with Japan and Korea provoke little discernible opposition from the Congress, the press, or the general public. Polling data suggests that public support for the alliances and for forward deployments in both countries remains high. And no prominent leaders of the Congress are threatening to link security concerns to outstanding economic issues with the Japanese or South Koreans—a tactic frequently utilized a decade ago.
- Topic:
- Security
- Political Geography:
- United States, Japan, Asia, and Korea
55383. Show of Force: The PLA and the 1995-1996 Taiwan Strait Crisis
- Author:
- Andrew Scobell
- Publication Date:
- 01-1999
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- China conducted a series of military exercises and missile tests in the vicinity of the Taiwan Strait between July 1995 and March 1996. On July 18, 1995, Beijing announced that missile tests would be conducted targeting an area some 90 miles off the coast of northern Taiwan. Then, on three consecutive days, July 21, 22, and 23, a total of six DF-15 missiles were launched from sites in Fujian province—two per day. The following month, after a five-day advance warning, PLA naval vessels and aircraft conducted ten days of live-fire tests off the coast of Fujian. Further military exercises were conducted in mid-November to the south of the Strait, including joint operations involving air, land, and naval arms of the PLA. On March 5, 1996, Beijing announced it would soon begin another round of missile tests. This time they were to be targeted at seas less than fifty miles from Taiwan's busiest ports. On March 8, three DF-15 missiles were fired from bases in Fujian. Five days later, another DF-15 missile was launched. Finally, also after advanced warning, live-fire tests and war games were conducted off the coast of Fujian to the north of the Strait and to the south of the Strait between March 12 and March 25. The maneuvers included amphibious landing exercises and aerial bombing. Some forty naval vessels, two hundred and sixty aircraft, and an estimated 150,000 troops participated.
- Topic:
- Security
- Political Geography:
- United States, China, Taiwan, Beijing, and Asia
55384. The Internet and Global Telecommunications: Exploring the Boundaries of International Coordination
- Author:
- Michael J. Kleeman
- Publication Date:
- 01-1999
- Content Type:
- Working Paper
- Institution:
- Aspen Institute
- Abstract:
- The Internet is a driving force in global communications and commerce; as such, issues related to its governance and growth have broad implications that reach beyond those of traditional telecommunications services or networks. Unlike prior communications networks that carried primarily voice traffic, the Internet collects and distributes content and facilitates global and local/national commerce— which raises two types of questions: What purposes does the network serve for users? What barriers prevent or constrain such use?
- Topic:
- Industrial Policy and Science and Technology
- Political Geography:
- United States
55385. Toward Sustainable Competition in Global Telecommunications: From Principle to Practice
- Author:
- William J. Drake
- Publication Date:
- 01-1999
- Content Type:
- Working Paper
- Institution:
- Aspen Institute
- Abstract:
- Many observers consider 1998 to be a watershed year in the evolution of the global telecommunications industry. This view is based on the fact that two major changes in the international policy landscape have begun to clear away many longstanding barriers to competition in global networks and services.
- Topic:
- Industrial Policy and Science and Technology
- Political Geography:
- United States
55386. Media Madness: The Revolution So Far
- Author:
- David Bollier and Max Frankel
- Publication Date:
- 01-1999
- Content Type:
- Working Paper
- Institution:
- Aspen Institute
- Abstract:
- Henry, for that generous introduction. I am proud to bear the title of Catto Fellow and if I were allowed to recite your biography as you have recited mine, you would know the source of my great pride. But like Harry Evans in a similar recent situation, (and now also his wife, Tina Brown), I am reminded of the New Yorker cartoon showing a partygoer being introduced at a cocktail party while enduring the urgent plea of a spouse: “Tell them who you WERE, dear. Tell them who you WERE!” I have to emphasize who I once was not only because I have retired from executive duties but also because the Revolution that I have come to discuss often regards me as passé, out of date, an expiring person of print—you know, that dying industry. That may be so. But the revolutionary “new” media are exhausting themselves parading their newness while actually betraying highly familiar symptoms of a very old media disease. We are all mad: just not newly mad.
- Topic:
- Industrial Policy and Science and Technology
- Political Geography:
- United States and New York
55387. The Global Wave of Entrepreneurialism: Harnessing the Synergies of Personal Initiative, Digital Technologies, and Global Commerce
- Author:
- David Bollier
- Publication Date:
- 01-1999
- Content Type:
- Working Paper
- Institution:
- Aspen Institute
- Abstract:
- Future historians may call this period the entrepreneurial age. Rarely has such an explosion of new business ventures, technological innovation, and cultural experimentation swept across diverse cultures of the globe simultaneously. Government leaders in Beijing and Singapore, Warsaw and Caracas, Moscow and London are looking to business mavericks to energize their economies. Multinational companies are eager to instill entrepreneurial values within their workforces to boost their competitiveness. On the periphery of such power centers, meanwhile, entrepreneurs large and small are remaking entire sectors of the economy and creating high-tech boomtowns in San Jose, California; Bangalore, India; Cambridge, England; Austin, Texas; and many other places.
- Topic:
- Industrial Policy and Science and Technology
- Political Geography:
- United States, India, London, California, Moscow, England, Singapore, Bangalore, Austin, and Texas
55388. Information Literacy: Advancing Opportunities for Learning in the Digital Age
- Author:
- Richard P. Adler
- Publication Date:
- 01-1999
- Content Type:
- Working Paper
- Institution:
- Aspen Institute
- Abstract:
- The foregoing paraphrase of Dickens was how one participant in the Aspen Institute's 1998 Forum on Communications and Society (FOCAS) summed up the current state and impact of the Internet. On one hand, the Internet has provided more people with more convenient access to more information in a shorter period of time than any other medium in history. It has given rise to an enormous burst of entrepreneurial activity that has led to the creation of an entire new industry in just a few years. Electronic commerce already is a multibillion dollar enterprise and will become even more important in the near future.
- Topic:
- Industrial Policy and Science and Technology
- Political Geography:
- United States
55389. Accommodating Turkey In ESDP
- Author:
- Nathalie Tocci and Marc Houben
- Publication Date:
- 04-1999
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- Can Turkey's demands for equal treatment with EU member states be reconciled with the EU's demand for autonomous decision capacity? This commentary analyses the Turkish position and assesses the theoretical and practical possibilities for accommodating Turkey's demands in the European Security and Defence Policy (ESDP).
- Topic:
- NATO
- Political Geography:
- Europe, Turkey, and Middle East
55390. Five Years To The Euro For The CEE-3?
- Author:
- Daniel Gros
- Publication Date:
- 04-1999
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- In terms of meeting the fiscal Maastricht criteria, the Czech Republic, Hungary and Poland are better placed today than were some of the current euro area members from the “Club Med” (Greece, Italy, Portugal and Spain) at a comparable point in time leading up to their joining EMU. The CEE-3 should thus be able to qualify for full membership by early 2006, following a decision by the EU as early as 2005.
- Topic:
- International Relations
- Political Geography:
- Europe, Greece, Poland, Hungary, Spain, Italy, and Portugal
55391. Health Not Wealth
- Author:
- Daniel Gros
- Publication Date:
- 04-1999
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- Health, and not wealth, should be the decisive criterion when considering the prospects of the Central and Eastern European candidates for EU membership and the capacity of the EU to enlarge. Viewed from this perspective, the outlook is promising. The CEECs are still very poor, compared to most of the existing EU members, but they are also much more dynamic. Their growth rates are generally expected to remain around 4-5% for the foreseeable future, compared to about 2-3% for the EU. This still implies that full catch-up in terms of GDP per capita will take decades, rather than years, but full catch-up is not the relevant goal if one is concerned about enlargement. Experience in the EU has shown that problems are much more likely to arise from established rich member countries with stagnant economies (Belgium in the 1980s and part of the 1990s) than poor, but more dynamic states (e.g. Portugal and Ireland today). The fact that most of the so-called 'periphery' is now experiencing stronger growth than the 'core' confirms that EU integration benefits poorer countries even more.
- Topic:
- Government
- Political Geography:
- Europe, Belgium, Portugal, and Ireland
55392. Reinventing The Climate Negotiations: An Analysis of COP6
- Author:
- Christian Egenhofer and Jan Cornillie
- Publication Date:
- 04-1999
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- With the cancellation of the Oslo ministerial mini-summit, the prospects for an early entry into force of the Kyoto Protocol are rapidly fading. Even if the US agrees to an outcome at a resumed COPbis in July, continued Congressional opposition and unresolved questions concerning the developing countries' commitments make US ratification highly implausible.
- Topic:
- Environment, International Law, and Science and Technology
- Political Geography:
- United States
55393. Effects of the Berlin Summit on Own Resources, Expenditures and EU Net Balances
- Author:
- Jorge Nuñez Ferrer
- Publication Date:
- 04-1999
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- The Berlin Summit has been concluded with the suspicious outcome in which every Head of State declares victory. The tone is not so victorious by the Presidency, however, which honestly declared that Germany didn't “win the lottery”. There is reason for suspicion if, after long and arduous discussions to reform policies and reduce EU expenditure, member states declare satisfaction at the result. Something must be amiss, if painful reforms appear not to hurt. In fact, after preliminary calculations and some political considerations, there are grounds to suspect that the reforms proposed are less than satisfactory.
- Topic:
- Government
- Political Geography:
- Europe, Germany, and Berlin
55394. A Primer on the Balance Sheet of the Eurosystem
- Author:
- Daniel Gros
- Publication Date:
- 02-1999
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- The ECB has just published the opening balance sheet for the Eurosystem, which is the official name given to the ECB plus the 11 national central banks of the euro zone. All 15 national central banks are part of the ESCB, but the participation of the four outsiders is purely formal. The balance sheet, which is reproduced at the end of this Commentary, reveals two very interesting facts: During 1998, the national central banks of the euro zone increased their holdings of dollar foreign exchange reserves by the equivalent of about 38 bn euro. This means that they de facto intervened consistently to support the dollar during that year. The ECB starts with huge foreign exchange reserves: 237 bn euro plus gold worth 100 bn euro. This is much more than the amount held by the US Federal Reserve and constitutes a major share of the reserves held by all OECD countries.
- Topic:
- Economics, International Trade and Finance, and Regional Cooperation
- Political Geography:
- Europe
55395. EMU and Labour Markets: Vae Germania?
- Author:
- Daniel Gros
- Publication Date:
- 02-1999
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- The outcome of the first round of wage negotiations in post-EMU Germany sheds some new light on the old question: What impact will the euro have on labour markets and unemployment? Economists would say that it depends on the structure of the bargaining process. In wage-setting, it seems that either one of the two extremes of full centralisation or complete fragmentation is conducive to low inflation and unemployment.
- Topic:
- Economics and Political Economy
- Political Geography:
- Europe and Germany
55396. The First Weeks of the Eurosystem: An Initial Assessment and a Look Forward
- Author:
- Karel Lannoo
- Publication Date:
- 02-1999
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- With the successful launch of the euro, the start of ESCB monetary policy operations and the operation of Target payment system, the previously national interbank bank markets have been integrated at once in a unified euro interbank market. Outstanding public debt was redenominated in euro, trading conventions harmonised and all EMU stock markets have started quoting in euro. This does not, however, bring us at once to a US-style capital market. Euroland remains profoundly different from the US in the weight of the regions and the importance of banks.
- Topic:
- International Trade and Finance
- Political Geography:
- United States and Europe
55397. The Tobin Tax: How to Make it Real. Towards a Socially Responsible and Democratic System of Global Governance
- Author:
- Heikki Patomäki
- Publication Date:
- 01-1999
- Content Type:
- Working Paper
- Institution:
- Finnish Institute of International Affairs (FIIA)
- Abstract:
- In the 1970's James Tobin proposed a low rate tax on financial transactions of currencies. This tax would make many speculative movements unprofitable and the financial system less volatile and sensitive to daily political news and anticipation of economic policy changes. Consequently, it would create space for more autonomous economic policies of states.
- Topic:
- Economics, Government, International Political Economy, and United Nations
55398. Dealing with the Past: The Case of Estonia
- Author:
- Hanna Järä
- Publication Date:
- 01-1999
- Content Type:
- Working Paper
- Institution:
- Finnish Institute of International Affairs (FIIA)
- Abstract:
- An essential challenge facing a society in transition stems from the legacy of the former power elite. A compelling need to restore moral order by the assessment of the abdication of the rule of law and violations of human rights requires an opportunity to face the past and its consequences. The process of dealing with the past includes a strong commitment to revealing the truth and redressing the past. The critical question around the issue is what is considered a proper reaction towards leaders and perpetrators who were responsible for oppressive activities and other violations of human rights, many of whom remain part of the new political structures or hold important positions in public life. The central tension is between the politics of compromise, the essence of which is to leave the past intact, and the radical notion of justice. Thus, the key dilemma facing the emerging democracies is whether past violations should be forgotten or confronted, forgiven or prosecuted.
- Topic:
- Conflict Resolution, Civil Society, Democratization, and Sovereignty
- Political Geography:
- Eastern Europe and Estonia
55399. Coming Home or Moving Home? "Westernising" Narratives in Finnish Foreign Policy and the Re-interpretation of Past Identities
- Author:
- Chris Browning
- Publication Date:
- 01-1999
- Content Type:
- Working Paper
- Institution:
- Finnish Institute of International Affairs (FIIA)
- Abstract:
- Since the end of the Cold War it is widely accepted that Finnish foreign policy has oriented increasingly towards the 'West', the most pertinent and concrete example of which, to date, has been accession to the EU. Implicit in many commentaries is the assumption that this orientation is a natural phenomenon, the natural culmination of an effervescent Finnish 'Western' cultural identity. Whilst the rhetorical style perhaps differs espousers of this view draw on Herderian and Hegelian assumptions, essentially arguing that after the unfortunate interruption and deviation from its true path occasioned by the Cold War the Finnish 'national spirit' is now back on its rightful historical and linear course to national fulfilment and blossoming. Looking into the nation's history such discourses see Finland's cultural and political roots as lying in the West and hence posit that with the break-up of the Soviet Union Finland is returning to these organic origins in Western civilisation, with all the effects for foreign policy such a 'Western' identity will entail. This is what we may term the 'Westernising' narrative of current debates about Finnish identity and Finnish foreign policy. On this basis the Finnish Cold War foreign policy of neutrality is characterised, either as having been a total aberration and betrayal of the Finnish 'Western' Self, or, and perhaps more commonly, as having been the best possible option available to the Finnish elite at the time: constrained by the dictates of power, agile Finnish political leaders were able to manoeuvre the Finnish ship of state through the various pitfalls and traps waiting to beguile them in the stormy waters of great power Cold War politics. Now free of such power dictates these current 'Westernising' discourses are attempting to push Finnish foreign policy towards the West, legitimising such a move to the Finnish public and the wider international audience on the grounds of Finland's claimed historical Western identity. To note the title of this panel discussion, “Defining New Identities Between East and West', for Westernising discourses there is no between about it. As an organically Western state why would Finland want to be between East and West any longer? On this basis the Finnish neutrality of the Cold War period merely disguised the true Finnish identity, a ruse so that Finland could in the future once more live as its true self when conditions once again permitted.
- Topic:
- International Relations, Foreign Policy, International Political Economy, and Nationalism
- Political Geography:
- Europe and Finland
55400. The EU and the prospects of Common Defence
- Author:
- Hanna Ojanen
- Publication Date:
- 01-1999
- Content Type:
- Working Paper
- Institution:
- Finnish Institute of International Affairs (FIIA)
- Abstract:
- When thinking of the overall image of the European Union, one would not first come to visualise soldiers with the twelve starlets on blue background on their uniforms. During its 40 years' existence, the Community/Union has consolidated itself in quite other fields: in agriculture, trade, competition policy. Its own portrait as the 'ever closer Union' has gained resemblance with reality, notably through the economic and monetary union and cooperation in justice and home affairs. Common foreign and security policy, then, has from the very beginning been a central aspiration in the process of integration. Many would, however, treat such a goal as some sort of idealism, a wish, and the recurrent formulas about the Union that should speak with one voice in international affairs as some sort of a mantra of the Europeanist faith. Even a cursory acquaintance with the CFSP shows the divergence between the member countries' views when it comes to essential questions of foreign policy and tends to convince that if such a policy was ever to become a reality, it would at least not imply real common defence or a transformation of the Union into a military alliance - particularly so since following the division of labour between the different international organisations, there are others than the Union to take care of military cooperation.
- Topic:
- Defense Policy
- Political Geography:
- Europe