Since December 2010, the speed, suddenness and scope of events in North Africa and the Middle East have taken everyone by surprise. They nevertheless had to happen. Given the universality of human nature – differences between a European and an Arab are ultimately of minor importance – the processes that began in Europe in the seventeenth century and spread throughout the world would have inevitably reached the Arab countries.
The reign of Arab strongmen supported by the West is drawing to an end. Europe has the duty and the opportunity to get on the right side of history, and to assist in reform and reconstruction, if and when requested. The economic dimension is about more than aid and trade, and will turn importantly on ideas and debate. Policy should be driven by a blatant bias towards democracy and its defenders, the support of competitive politics and open societies, education and the building of institutions, law-based regimes and the empowerment of women – everything many Arabs still find attractive about Western society.
The ongoing negotiation of the EU's multi-annual budget is heavily constrained by how the decision process takes place. Governments focus on narrowly defined national interests, rather than on securing a better budget for Europe. While the budget is small in size, it could be used as a powerful political tool for much needed economic growth policies on a larger scale.
Using data for more than 200 countries, split into nine regions, we study world trade in goods during 1970-2010. The largest changes are the declining relative importance of Western Europe, and the increasing role for Asia. The intra-regional trade of Asia grew particularly fast; from 4 to 16% of world trade. Due to growing intra-regional trade in Europe and Asia, world trade became more intra-regional until 1995. Manufacturing trade is more regionalised, whereas commodity trade is more globalised. After 1995, extra-regional trade flows grew faster so there was “globalisation” with trade travelling longer distances and a rising share for commodities. From 2000, smaller trade regions such as Africa and Latin America have increased their shares of world trade; reversing the trend over the 30 preceding years.
Topic:
Globalization, International Political Economy, International Trade and Finance, Markets, Regional Cooperation, and International Affairs
This article analyses the relationship between EU security, integration and associated members, using insights from security studies and the literature on Europeanization. While much recent literature emphasizes either the EU's insignificance as a security actor or its importance as a normative and global actor, I investigate its role as a security actor in its own region, arguing that the EU is primarily a regional security actor. I make two general claims: (1) it is the development of common rules and values in various policy areas that constitutes the basis for the EU as a security actor; (2) it is the successful projection of these rules and values beyond EU borders that will determine the impact of the EU as a security actor. The aim is therefore to show how the EU promotes security and stability through the externalization of rules and values through various processes, association agreements and neighbourhood policies.
Observing the shattering of the European society's axiological foundations and traditional systems of meaning, which had been constituted and sustained by and through Christianity, under the rampant secularism of his time, Nietzsche has a madman declare the death of God in The Gay Science: "God is dead. God remains dead. And we have killed him". His observation was also valid for the international politics of the time, in which secular ideologies had long replaced religion as the ideational aspect of international politics. The competition among these new ideologies, after contributing in varying degrees to several upheavals in international politics, arguably ended with the collapse of the Soviet Union with socialism as its avowed ideology, leaving liberalism as the lone secular ideology with the United States as its avowed political custodian.
The recently approved labour market reform in italy is clearly inspired by the danish flexicurity model. However, despite the noble intention and some improvements, the reform is failing to bring the long- hoped-for change, especially regarding the dualisation of the labour market and the universalisation of welfare provision.
Topic:
Economics, International Trade and Finance, Markets, Regional Cooperation, and Financial Crisis
For the past decade, increasing instability in the Sahel and Sahara region has been a source of growing concern in Europe and the United States. Western governments have worried that the weakness of state control in the area would allow al-Qaeda in the Islamist Maghreb (AQIM) and other jihadist organizations to expand their influence and establish safe havens in areas outside government control. Such fears appear to have been vindicated by the recent takeover of northern Mali by AQIM and organizations closely associated with it.
Topic:
Crime, Development, Islam, Terrorism, Armed Struggle, Insurgency, and Fragile/Failed State
This paper considers the relevance of the Bretton Woods system for the prospects of reform of the international monetary system and in the context of the ongoing euro area financial crisis. It explores the challenges that must be met in attempting to reform the present international monetary system and euro area policies. After considering what resonates, and what does not, from the Bretton Woods regime of fixed exchange rates, it examines some of the key lessons from that era. The paper concludes that policy makers at Bretton Woods promised too much in terms of the stability and durability of the policy regime, and did not give sufficient thought to how the arrangement devised in the 1940s would actually function. They failed to instill the logic of collective action among their members. In particular, the Bretton Woods system failed because the agreement paid virtually no attention to governance issues. Finally, in terms of the current situation in the euro zone, policy makers have failed to recognize that the problems are not purely economic; domestic political considerations are important too. A political-economy approach is required for the design of new international monetary arrangements. The same principles apply today when we contemplate the survival of the euro zone. Politicians need to be more realistic and less ambitious, lest they create the preconditions for the next global crisis.
Topic:
Economics, Global Recession, Financial Crisis, and Governance