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61. Gender Inclusion in the Pandemic Agreement: A Growing Gap?

Author:
Sara E. Davies and Clare Wenham
Publication Date:
03-2024
Content Type:
Policy Brief
Institution:
International Peace Institute (IPI)
Abstract:
There is increasing evidence of the gendered outcomes and secondary effects of epidemics and pandemics. Women make up a disproportionate share of the healthcare workforce, absorb much of the additional unpaid labor during health crises, and are exposed to increased gender-based violence and insecurity around sexual and reproductive healthcare during pandemics, among other effects. A gender-sensitive approach to health emergencies is essential for pandemic preparedness, prevention, response, and recovery. Despite the World Health Organization’s (WHO) awareness of these impacts, it does not systematically consider them in its pandemic preparedness and response. WHO’s historical “add women and stir” approach is evident in the proposed amendments to the International Health Regulations (IHR), whose attention to gender focuses primarily on committee representation. Gender sensitivity is also limited in the drafts of the WHO Convention, Agreement or Other International Instrument on Pandemic Prevention, Preparedness and Response (CA+), currently in development. Gender-inclusive language in the CA+ is essential for effective international coordination to prepare, prevent, respond to, and recover from health emergencies. This paper examines the extent to which gender has been included in the zero-draft CA+ process through a desk review of the drafts that have been published (as of March 2024), focusing on explicit mentions of gender and women. The report documents the progress to date on integrating gender equality into the CA+ and offers the following recommendations for CA+ negotiators, WHO, and member states. Future drafts of the CA+ should have provisions that address a wider range of the gendered impacts of pandemics; WHO should develop an IHR/CA+ repository; INB negotiators should directly engage relevant UN entities to recommend methods of integrating gender into the CA+; States that claim to have a principled stance on gender equity should transparently champion gender-inclusive language; and The CA+ should consider and incorporate initial lessons learned from the implementation of the gender-inclusive language in the IHR’s Joint External Evaluation (JEE) of states.
Topic:
Women, Pandemic, Inclusion, WHO, and Gender
Political Geography:
Global Focus

62. Advancing Feminist Foreign Policy in the Multilateral System: Key Debates and Challenges

Author:
Evyn Papworth
Publication Date:
03-2024
Content Type:
Policy Brief
Institution:
International Peace Institute (IPI)
Abstract:
Since the first feminist foreign policy (FFP) was adopted by Sweden in 2014, sixteen countries have either published an FFP or announced their intention to do so. Some proponents of FFPs have indicated that these policies can be a way to democratize and transform multilateralism, integrating feminist approaches and principles into multilateral institutions and leading to more inclusive and equitable outcomes. This requires seeing FFPs as not just a “women’s issue” but also as a way to reinvigorate an outdated and inequitable system through transformational change and the interrogation of entrenched power dynamics, including in areas such as trade, climate, migration, and disarmament. One obstacle to realizing the potential of FFPs is that there is no single definition of feminist foreign policy. Part of the challenge is that there are many interpretations of feminism, some of which reflect a more transformative, systemic approach than others. Ultimately, there is no single way to “do” feminism, and approaches to FFP should, and will, vary. If FFP is to survive and grow, it will encompass contradictions and compromises, as with all policymaking, and civil society and member states will have to collaborate to advance feminist principles in the multilateral arena. To explore the future of FFPs, the International Peace Institute, in partnership with the Open Society Foundations and in collaboration with the co-chairs of the Feminist Foreign Policy Plus (FFP+) Group, Chile and Germany, convened a retreat on Feminist Foreign Policy and Multilateralism in July 2023. Drawing on insights from the retreat, this paper discusses five ongoing debates that FFP-interested states should meaningfully engage with: Militarization, demilitarization, and the root causes of violence; Global perspectives and postcolonial critiques; The branding and substance of FFPs; The domestication of FFPs; and Accountability and sustainability.
Topic:
Foreign Policy, Feminism, and Multilateralism
Political Geography:
Global Focus

63. Specialized Police Teams in UN Peace Operations: A Survey of Progress and Challenges

Author:
Charles T. Hunt
Publication Date:
03-2024
Content Type:
Working Paper
Institution:
International Peace Institute (IPI)
Abstract:
Over the past decade and a half, specialized police teams (SPTs) have emerged as an innovative complement to individual police officers (IPOs) and formed police units (FPUs) in UN police peacekeeping. In general, SPTs are comprised of police officers and civilian policing experts focused on “skills transfer” and capacity building through technical assistance and advice, training, and mentoring to host-state police in a specific area of police operations or administration. This paper provides an overview of the benefits and challenges of SPTs as compared to IPOs. Some of the benefits include that SPTs are generally highly capable and meet high standards in specialized areas of policing, provide a more coherent and cohesive approach, and focus on objectives within a specific area. They also maximize capabilities by matching the work of officers to their skill sets, can be quick to deploy and adaptable, and maintain continuity by implementing longer projects. Moreover, SPTs facilitate relationship building with host-state police, use sustainable capacity-building approaches such as training of trainers, provide broader benefits to missions, and are more attractive to some police-contributing countries. At the same time, several obstacles to greater effectiveness have emerged, including that SPTs confront high-level tensions over their development and administration, experience supply-side issues due to their reliance on voluntary contributions and shortages of specially trained officers and civilian experts, and are dominated by countries in the Global North. They also have inconsistent composition, plans, and modalities across and even within missions and phases; lack sufficient guidance on key operational aspects; and lack consistent and sufficient funding. Moreover, SPTs are disconnected from broader efforts, sometimes implement unsustainable programming that focuses on “quick wins,” and often lack adequate frameworks for monitoring and evaluation. The lessons emerging from the experience of SPTs to date emphasize the need for innovation around deployment and implementation modalities for this specialized approach to capacity building. At the same time, they highlight the need for greater organizational flexibility and adaptability to empower and maximize the potential of SPTs.
Topic:
United Nations, Peacekeeping, Police, Skills, and Capacity Building
Political Geography:
Global Focus

64. Can the World Bank Deliver on Climate Change? Testing the Evolution Roadmap through Loss and Damage

Author:
Michael Franczak
Publication Date:
04-2024
Content Type:
Working Paper
Institution:
International Peace Institute (IPI)
Abstract:
The establishment of a new Loss and Damage Fund and Funding Arrangements at COP27 and the Fund’s operationalization and initial capitalization at COP28 were milestones in the UN climate regime. The World Bank engaged in the Transitional Committee (TC) process as a potential host and trustee for the Fund, a member of a new “High-Level Dialogue,” and a direct provider of loss and damage (L&D) support. The implementation of the Fund and Funding Arrangements—the mosaic—is the first big test of the World Bank’s commitment to evolving its policies, practices, and relationships. This paper discusses the World Bank’s engagement with loss and damage, including the context of broader reforms aiming to modernize the Bank, such as the Bank’s Evolution Roadmap, which identifies three guiding elements for the Bank’s evolution: a new mission and vision, a new playbook, and new resources. One of the key components of the Bank’s evolution is the introduction of climate-resilient debt clauses (CRDCs) or “pause clauses.” Pause clauses feature prominently in recent initiatives to reform the international financial architecture, such as Bridgetown 2.0, the Africa Climate Summit’s Nairobi Declaration, and the Vulnerable Twenty Group’s (V20) Accra-Marrakech Agenda. The paper also discusses the debate over the World Bank’s hosting of the Fund and the set of conditions and safeguards, determined by developing countries, that the Bank would have to meet in order to host the Fund. Finally, the paper discusses priority actions for the High-Level Dialogue, including resource mobilization, institutional protocols, and the losses and damages of the future.
Topic:
Climate Change, World Bank, Loss and Damage (L&D), and Conference of the Parties (COP)
Political Geography:
Global Focus

65. Blockchain and Energy Understanding Opportunities and Challenges

Author:
Nicola De Blasio and Charles Hua
Publication Date:
02-2024
Content Type:
Special Report
Institution:
Italian Institute for International Political Studies (ISPI)
Abstract:
The transition to a decarbonized, decentralized, and digitized energy future will unlock new business, policy, and technology models with the associated opportunities and challenges. Innovative technologies like blockchain, a shared, decentralized, and immutable digital ledger system that processes, validates, and manages digital transactions based on algorithmic consensus protocols, may enable this transition. Potential blockchain applications in energy range from enhanced distributed energy resources and peer-to-peer energy trading regimes to more robust grid management and smart energy contracts. There has been significant hype around blockchain’s potential impact in shaping economic and energy systems. Yet, it is essential to separate signal from noise and assess blockchain’s potential impact. This paper aims to provide a comprehensive analysis by identifying key use cases and then addressing which key characteristics blockchain technologies need to bring to fruition to support them. It also proposes an analytical framework to evaluate the potential impact of eight applications based on four key criteria: feasibility, maturity, scalability, and value additivity.
Topic:
Science and Technology, Innovation, Blockchain, Decarbonization, Energy, and Geoeconomics
Political Geography:
Global Focus

66. The Sky Is Not the Limit. Geopolitics and Economics of the New Space Race

Author:
Alessandro Gili
Publication Date:
01-2024
Content Type:
Special Report
Institution:
Italian Institute for International Political Studies (ISPI)
Abstract:
Space is a contested domain for its very nature and today it is evidently becoming an increasingly important enabler of economic and military power. An increasing number of actors, infrastructures and technologies deployed in space also raises concerns for safety and security, especially in cyberspace. Many countries are striving to achieve space capabilities and autonomous access to space, and this is having a tremendous geopolitical impact, especially since space is emerging as an increasingly critical military and strategic domain. The development of the new space economy, which is increasingly involving the private sector and many industrial actors and services, will also be a game changer for the international economy. The space race likewise implies disruptive technologies that could contribute massively to the energy and digital transitions, accelerating solutions that could benefit humanity. A new international governance system for space is therefore needed urgently, considering that the current rules are no longer able to respond to a sector evolving at such a rapid pace. Which actors are leading the race? Which economic sectors could benefit the most and what could the new space economy mean for the world? How is space emerging as a military domain against a backdrop of increasing international tensions? What would a new system of global governance for space look like?
Topic:
Economics, Politics, Infrastructure, Geopolitics, Regulation, and Energy Security
Political Geography:
Russia, China, Europe, India, Italy, Global Focus, United States of America, and Space

67. Productivity spillovers from FDI: A firm-level cross-country analysis

Author:
JaeBin Ahn, Shekhar Aiyar, and Andrea F. Presbitero
Publication Date:
07-2024
Content Type:
Working Paper
Institution:
Bruegel
Abstract:
This paper provides cross-country firm-level evidence on productivity spillovers from foreign direct investment (FDI), separately for greenfield FDI and cross-border mergers and acquisitions (M&As). The granularity of bilateral sector-level FDI datasets allows for addressing possible endogeneity issues by applying a two-step approach whereby an exogenous FDI measure is constructed from a gravity-type regression of bilateral FDI flows. When looking at the effects of greenfield investments on firm labour productivity we find: i) positive intra-industry spillover effects for firms located in advanced countries, and ii) positive backward spillover effects for firms located in emerging and developing countries. These spillovers are driven entirely by FDI from advanced countries. The results from cross-border M&As are noisier, with weakly suggestive evidence for positive intra-industry spillovers in advanced countries but negative backward spillovers in emerging markets and developing countries.
Topic:
Foreign Direct Investment, Business, and Productivity
Political Geography:
Global Focus

68. The economic case for climate finance at scale

Author:
Patrick Bolton, Alissa M. Kleinnijenhuis, and Jeromin Zettelmeyer
Publication Date:
06-2024
Content Type:
Policy Brief
Institution:
Bruegel
Abstract:
It will be impossible to contain the global temperature rise to 1.5 to 2 degrees Celsius above pre-industrial levels unless emerging market and developing economies (EMDEs) decarbonise much more rapidly. This policy brief examines the economic case for advanced-country financial support for replacement of coal with renewable energy sources in EMDEs. Such conditional financial support is necessary in the sense that an exit from coal consistent with keeping the global temperature rise to between 1.5°C and 2°C will not happen without it, desirable from the perspective of the financier countries, and financially feasible. Although the global economic benefits of phasing out coal are very large, the costs of exiting coal generally exceed the benefits to EMDEs. However, the collective economic benefits to advanced countries greatly exceed those costs. These net benefits are positive even for small coalitions of advanced countries (G7 or G7 plus EU). The fiscal costs of financing the coal exit in EMDEs (without China) are modest as a share of G7+EU GDP at about 0.3 percent of GDP per year, assuming public-sector participation in renewable energy investment costs through blended finance of around 25 percent. Although providing climate finance to EMDEs is economically desirable and feasible from the G7 perspective, it is not happening at the necessary scale, partly because of incentives and political-economy challenges. Advanced countries are more likely to be willing to commit financing to climate action outside their borders if they have more control over how this money is spent. Developing countries are reluctant to phase out coal unless sufficiently large financial support is forthcoming for renewable investments that are consistent with their development goals. These problems could be overcome by tying renewable finance to a coal phase-out. Already-existing Just Energy Transition Partnerships with South Africa, Indonesia and Vietnam are prototypes of this approach. They should be scaled up, with sufficient grants to pay for coal closures and the social transition in coal communities, by explicitly conditioning funding on a coal phase-out and through a stronger governance structure to implement these deals.
Topic:
Climate Change, Emerging Markets, Climate Finance, Renewable Energy, Coal, Carbon Emissions, and Emerging Economies
Political Geography:
Global Focus

69. Navigating the treacherous political economy of structural reform

Author:
Davide Furceri, Jonathan Ostry, and Chris Papageorgiou
Publication Date:
05-2024
Content Type:
Working Paper
Institution:
Bruegel
Abstract:
We examine the economic and electoral effects of liberalisation measures using newly-constructed databases on structural economic reforms and the outcome of democratic elections since the 1970s. The data shows a remarkable slowdown in the pace of liberalisation in both advanced and emerging market and developing countries since the 1990s. A debate has emerged about the causes of this slowdown, including the possibility that reforms do not deliver the economic benefits that advocates, including the multilateral financial institutions, trumpeted. Some have pointed to the fact that the current and previous United States administrations have abandoned neoliberal policies in favour of more government intervention in the economy, and the effect has been globally contagious. Our empirical analysis suggests that the growth dividend from liberalisation is economically and statistically significant, but it emerges only slowly over time. Because of this delay, liberalising reforms are costly to democratic incumbents when they are implemented close to elections. Reforms may generate immediate concentrated losses, which elicit an electoral backlash, especially when the aggregate gains are only visible several years after the reform’s implementation. The electoral penalty is also sensitive to overall business-cycle conditions, being much larger when an economy is in recession. Electoral effects also differ depending on the type of reform. Notably, financial reforms generate more perceptible growth-equity trade-offs than real-economy reforms, especially when implemented during weak economic conditions. The political economy of reform is treacherous. To avoid adverse electoral effects, timing reform early in the electoral term and when business-cycle conditions are favourable is critical. So too is avoiding reforms that generate large distributional costs in the face of small aggregate gains (an adverse growth-equity trade-off). Focusing on these considerations is critical to reinvigorate support for structural reform.
Topic:
Economics, Political Economy, Reform, Elections, and Liberalization
Political Geography:
Global Focus

70. Global supply chains: lessons from a decade of disruption

Author:
Luca Léry Moffat and Niclas Poitiers
Publication Date:
03-2024
Content Type:
Working Paper
Institution:
Bruegel
Abstract:
This paper explores both the character and impact of three recent shocks to global supply chains: the COVID-19 pandemic, the Russian invasion of Ukraine and the US-China trade war. These were large shocks which have had significant impacts on domestic and international supply chains, but these impacts have differed in their longevity, economic impact and policy responses. We show that supply chains were remarkably resilient against shocks of such magnitude. However, this resilience was also achieved thanks to the equally remarkable size and scope of policy responses and global supply chain reorganisation. We recommend that pre-emptive policies may be justified to shield households and industry from future shocks. Given the entangled nature of these shocks and that their effects continue to reverberate, we emphasise the need for extensive future research to understand the nature of these shocks and the effectiveness of policy responses.
Topic:
Global Markets, Trade Wars, Trade, COVID-19, Supply Chains, and Russia-Ukraine War
Political Geography:
China, Global Focus, and United States of America

71. Knowledge spillovers and geopolitical challenges in global supply chains

Author:
Niclas Poitiers and Kamil Sekut
Publication Date:
02-2024
Content Type:
Working Paper
Institution:
Bruegel
Abstract:
This paper explores the role of knowledge spillovers through global supply chains against the backdrop of increasing geopolitical tensions and protectionist policies. The research, part of the ReThinkGSC project, underscores the importance of the international research and development ecosystem in fostering innovation. This ecosystem provides benefits to all countries involved and is essential for tackling global challenges. However, we highlight the growing threats to knowledge dissemination posed by policies aimed at preserving national security and leading technological positions. These measures, intended to safeguard strategic interests, risk fragmenting supply chains and stifling global innovation if they are applied on a broad basis. We recommend that restrictions on knowledge flows be limited to narrowly defined strategic areas and that countries adopt strategies to enhance internal knowledge dissemination, diversify supply chains and foster international economic ties. We emphasise the need for careful policy design, avoiding broad protectionist measures, and suggests bolstering R&D through public grants and tax incentives, and by promoting private-public partnerships.
Topic:
Geopolitics, Supply Chains, Research and Development, and Knowledge Transfer
Political Geography:
Global Focus

72. Bold International Tax Reforms to Counteract the OECD Global Tax

Author:
Adam N. Michel
Publication Date:
02-2024
Content Type:
Policy Brief
Institution:
The Cato Institute
Abstract:
Nearly 140 countries, including the United States, have endorsed a new global tax system proposed by the Organisation for Economic Co-operation and Development (OECD). This proposal, which aims to increase global business taxes and targets America’s most successful companies, threatens to undermine crucial features of the international corporate tax system. Congress will face a decision in 2025: conform to the OECD’s system or opt out and safeguard America’s position as the most attractive place to do business. The taxation of multinational businesses often raises concerns about a “race to the bottom” through harmful tax competition and businesses shifting profits to low-tax countries. Yet the magnitude and effect of these two phenomena are commonly misunderstood. Tax competition has allowed average statutory corporate tax rates to be cut in half over the past four decades, fueling investment and economic growth. Among OECD countries, revenues have increased while tax rates declined. The magnitude of profits shifted to low-tax countries is often inflated by researchers relying on data that overstate income in tax havens. A more comprehensive picture shows that about 8 percent of US corporate profits are reported in tax havens, only half of US multinationals have any presence in a tax haven, and they face higher effective tax rates than domestic competitors. Where it does exist, profit shifting acts as a tax cut on investment, boosting jobs and economic growth in both tax havens and higher-tax home markets. Following the long history of costly reforms to stop businesses from moving profits overseas, US policymakers should try a different approach. Instead of enacting new rules to stop income shifting out of the United States, Congress should focus exclusively on increasing the attractiveness of the United States as an investment destination.
Topic:
Reform, Business, Multinational Corporations, Tax Systems, OECD, and Competition
Political Geography:
Global Focus

73. Overcoming digital threats to democracy

Author:
Lydia Khalil
Publication Date:
02-2024
Content Type:
Policy Brief
Institution:
Lowy Institute for International Policy
Abstract:
The internet was once considered an open door to democracy and liberty. Today, it is seen as an agent of democratic erosion. Digital challenges to democracy include the scale and spread of disinformation and misinformation, the increase in polarisation and extremism that are facilitated and escalated online, and inadequate regulation. Digital platforms are increasingly perceived by the public as serving the needs and interests of the powerful rather than the public good. Average users have few means to influence key decisions and debates about how digital technologies are used and developed. The rules of the digital sphere — whether made by tech companies, regulators, or politicians — often lack public legitimacy. Applying deliberative democracy principles — where small but representative groups of people make decisions after deliberating on issues in depth — can help address the challenges of legitimacy and generate broadly acceptable solutions to the problems that bedevil online spaces and challenge democracy.
Topic:
Democracy, Disinformation, Polarization, and Digital Technologies
Political Geography:
Global Focus

74. Social Reintegration of Former Inmates: Networked Strategies for Promoting Public Policies and Strengthening Civil Society Organizations

Author:
Melina Risso, Vivian Calderoni, Camila Nadalini de Godoy, Carolina Loeb, Marina Alkmim, and Julia Quirino
Publication Date:
04-2024
Content Type:
Special Report
Institution:
Igarapé Institute
Abstract:
The social reintegration process for former inmates presents challenges that extend beyond the confines of the justice system alone. In the Brazilian context, marked by regional disparities and social, racial, and educational inequalities, the lack of material, financial, and psychosocial support places ex-inmates in a cycle of social rejection and criminality. The deficiency of adequate investments, exacerbated by an emphasis on punishment over post-release reintegration, intensifies these challenges. Thus, it underscores the importance of networked collaboration among public, private, and civil society sectors to optimize resource use, promote integrated solutions, and overcome obstacles in assisting former inmtes, providing multidimensional support for social reintegration. This report outlines the strategies of five network-based initiatives aimed at former inmates, implemented both in Brazil and globally. The document details how these initiatives contribute to strengthening the social reintegration of former inmates and illustrates how they can serve as models to inspire other coordinated actions in the same field. Social reintegration of former inmates and its related concepts used here synonymously – such as (re)insertion, (re)inclusion, (res)socialization, (re)education, (re)adaptation, and (re)habilitation – should be seen as a priority not only by the criminal justice system but by all stakeholders who may have a direct or indirect influence on this process. It is a global challenge that requires reforms in the justice system, strengthening the rule of law, and implementing specific public policies focused on the various challenges these individuals face in their resocialization process, including aspects such as social interaction, employment opportunities, and access to housing, health, and education. This study acknowledges that the pursuit of social reintegration should be approached from the perspective of ensuring rights and not limited to the view of security and reducing criminal recidivism. This principle was adopted based on the recognition that the criminal justice system is an environment that creates and perpetuates inequalities for the individuals within it. Therefore, ensuring the rights that were denied before, during, and after incarceration is essential for effective social reintegration. Interventions and programs with multiple approaches for this group are rarely accessible, limited to sporadic opportunities to access essential services. In Brazil, which ranks as the third country worldwide in terms of the absolute number of incarcerated individuals, there is a significant variation in incarceration rates across states, which highlights the regional disparities. The composition of Brazil’s prison population also reflects social, racial, and educational inequalities, emphasizing the selective nature of a justice system which imprisons a disproportionate number of black, young, and uneducated people.
Topic:
Security, Civil Society, Human Rights, Prisons/Penal Systems, Inequality, Reintegration, and Criminal Recidivism
Political Geography:
Brazil, South America, and Global Focus

75. The Neo-Global World: Past Baggage, Present Challenges, Future Prospects

Author:
Dmitry Yevstafyev
Publication Date:
01-2024
Content Type:
Journal Article
Journal:
International Affairs: A Russian Journal of World Politics, Diplomacy and International Relations
Institution:
East View Information Services
Abstract:
THIS paper continues a series of articles on the neo-global world written by the author in recent years.1 It also examines problems stemming from attempts to simultaneously construct a new architecture of international relations and overcome the destabilizing legacy of the largely US-centric system of late globalization. The emerging multilevel dialectic in a number of regions, not always the most promising in terms of access to resources, forms “funnels of conflict” that lead to the destruction of the economic and sociopolitical systems previously formed there. The earlier proposed hypothesis about a “blank slate” in the space of international political and economic relations being necessary for the development of basic institutions and elements of the economic architecture of the new world is, unfortunately, confirmed. We are currently witnessing the simultaneous emergence of several potential spatial “blank slates” where differences between the world’s key powers are being resolved by military force, which could result in chains of small regional conflicts turning into a systemic crisis of the global political and economic architecture. Power factors of varying degrees of intensity (from hybrid wars to direct military confrontation of the world’s largest states) will play a decisive role in the development and management of this crisis. The need to resolve the crucial accumulated points of contention of the late-global world will be of paramount importance in the ongoing processes of not just transformations but global spatial transformations, as demonstrated by the political and military-political processes of 2020- 2022, which, for various reasons, including situational ones, have acquired an antagonistic nature in a number of cases.
Topic:
Economy, Ideology, International Order, and Geoeconomics
Political Geography:
Global Focus

76. Illiberalism in International Relations

Author:
Alexander Dugin
Publication Date:
01-2024
Content Type:
Journal Article
Journal:
International Affairs: A Russian Journal of World Politics, Diplomacy and International Relations
Institution:
East View Information Services
Abstract:
There are two main schools in the theory of international relations --- realism and liberalism. Realists believe that human nature is inherently flawed (the legacy of Hobbes’s anthropological pessimism and, on an even deeper level, the legacy of the Christian idea of the Fall, or lapsus in Latin) and cannot be fundamentally corrected, which means that selfishness, predation, and violence are impossible to eradicate. This leads to the conclusion that man (who, according to Hobbes, is a wolf to another man) can only be restrained and regulated by means of a strong state. The state is inevitable and is the bearer of supreme sovereignty. At the same time, the predatory and egoistic nature of man is projected onto the state; therefore, the nationstate has its own interests. These interests take into account only their own state, while the will to violence and greed mean war is always a possibility. Realists believe that this has always been and always will be. International relations are therefore based only on a balance of power between wholly sovereign entities. No world order can exist in the long term; there is only chaos, which changes as some states weaken and others strengthen. At the same time, the term “chaos” in this theory is not bad in itself; it is merely a statement of the actual state of affairs, derived from taking the concept of sovereignty very seriously. If there are several truly sovereign powers, no supranational order can exist between them to which all would submit. Were such an order to exist, sovereignty would not be complete, in fact, it would not exist at all, and only this supranational authority itself would be sovereign. The school of realism has traditionally been very strong in the US, starting with its first founders: Hans Morgenthau and George Kennan in the US, and Edward Carr in the UK.
Topic:
International Relations, Realism, Multipolarity, Illiberalism, and Posthumanism
Political Geography:
Russia and Global Focus

77. Hegel and the Theory of International Relations: General Paradigm of the Hegelian System

Author:
Alexander Dugin
Publication Date:
01-2024
Content Type:
Journal Article
Journal:
International Affairs: A Russian Journal of World Politics, Diplomacy and International Relations
Institution:
East View Information Services
Abstract:
LET us trace the influence of Hegel’s philosophy on the theory of international relations. It is most pronounced in Marxism and liberalism, while Hegel did not have much influence on realism. Let us examine this topic in more detail. Hegel articulated his views on politics most comprehensively in his Philosophy of Right.1 These views are based on his philosophy as a whole and represent an integral part of the entire system. Nevertheless, Hegel’s theory of the Political is presented in a rather original way and should be briefly described in order to identify his set of views on international politics. First of all, let us reiterate the general paradigm of Hegelian thought. It is based on the triadic principle “thesis – antithesis – synthesis” formulated by Johann Fichte.2 Fichte, for his part, derived it from the Neoplatonic tradition. Hegel did not, in fact, use the expression “thesis – antithesis – synthesis,” although the structure of his dialectics constantly revolves around a similar triadic scheme. According to Hegel, at the beginning of everything is the Idea-initself, or subjective Spirit. This is the main thesis. Next comes the moment of negation. Thus, the Spirit negates itself, alienates itself, and becomes Nature. In this moment of negation, the Spirit ceases to be in-itself and becomes for-the-Other. However, Nature and substance are not the first principle. It is just a moment of negation. Therefore, it is negative. Being negative, it indicates what it negates, being both its cancellation and, at the same time, its sublation or elevation (Aufhebung).3 This tension between two dialectical moments manifests as the Spirit that organizes and moves nature. A “potentiation” of layers of external existence takes place – from the physical and mechanical to the chemical and finally the organic. This process of unfolding of the spirit is the mind. In humans, the mind determines consciousness. Organic life in combination with human consciousness determines the third moment: the negation of the negation, or synthesis. In humans, the Spirit enters its final turn and moves toward the stage when the Idea can contemplate itself through humans, and the Spirit would become the Absolute Spirit – i.e., the Idea-for-itself.
Topic:
International Relations Theory, Philosophy, Empire, Multipolarity, Georg Wilhelm Friedrich Hegel, Spirit, Idea, and Simulacra
Political Geography:
Global Focus

78. What Makes an Imagined Future Credible?

Author:
Jens Beckert
Publication Date:
05-2024
Content Type:
Working Paper
Institution:
Max Planck Institute for the Study of Societies
Abstract:
Narratives of the future are a crucial source of the dynamics of capitalism (Beckert 2016). Since there are no future facts, assessments of the future necessarily need to rely on accounts that cannot be limited to the presentation of facts. This means they cannot be true or false, but they can be credible or non-credible. To trigger decisions, the narrative must convince actors that it is at least sufficiently probable that events will indeed play out as portrayed. But where does this credibility come from? I propose a simple model which consists of three elements. I distinguish first the "story-maker" or "persuader", the person (or institution) that creates specific imagined futures and often wants to convince other actors of the accuracy of the narrative. Second, the "story-taker" or agent who ultimately makes the decisions through which resources are put at risk and who needs to become convinced of the credibility of the imagined future. The third element in the model is social context, the features of the social and material environment that position the agent in a social network and influence assessments of credibility.
Topic:
Capitalism, Power, Narrative, Future, Credibility, Uncertainty, Imagined Futures, Persuasion, Social Context, and Story
Political Geography:
Global Focus

79. Triffin Reloaded: The Matrix of Contradictions around Global Quasi-State Money

Author:
Herman Mark Schwartz
Publication Date:
03-2024
Content Type:
Working Paper
Institution:
Max Planck Institute for the Study of Societies
Abstract:
What explains the US dollar’s role in the global economy and the tensions affecting its likely persistence? Most analyses start from Triffin’s dilemma, which accurately captured specific but partial tensions of a global monetary system based on essentially fixed exchange rates, gold backing for its core currency, and relatively robust capital controls. Triffin’s approach, and those based on it, struggles to explain the tensions in a system with floating exchange rates and fiat money, because Triffin and successors assume a commodity theory of money, a loanable funds model for credit creation, and the “triple coincidence” of monetary, legal, and economic zones. Approaching the question from different premises – chartalist money, endogenous credit creation, and interlocked global balance sheets – enables us to see four factors behind the antinomies or dilemmas that structure the dynamics and durability of US dollar centrality. Those four factors are adequate credit creation and thus global aggregate demand growth, current account deficits for the core, domestic legitimacy in major economies, and the dollar’s status as global quasi-state money.
Topic:
Debt, Money, Currency, Power, Financial Systems, Geoeconomics, and Reserves
Political Geography:
Global Focus and United States of America

80. Dealing Government Bonds: Trading Infrastructures and Infrastructural Power in European Markets for Public Debt

Author:
Arjen van der Heide
Publication Date:
02-2024
Content Type:
Working Paper
Institution:
Max Planck Institute for the Study of Societies
Abstract:
Confronted with increased difficulties to raise taxation, high inflation, and pressures to maintain social spending, many rich democracies have increasingly sought to raise funds in financial markets since the 1970s. Using the notion of “infrastructural power,” this paper examines the various ways in which states have become infrastructurally entangled with key actors in financial markets that provide the infrastructure of today’s markets for government bonds. Drawing on twenty-two interviews with debt managers and market participants, and documentary material, the article analyses the rise to prominence of MTS (Mercato dei Titoli di Stato), an electronic platform for trading government bonds that has become a key feature of Europe’s government bond market infrastructure. It traces the emergence of MTS in Italy, its rapid diffusion through Europe and its limited (or even non-existent) success in gaining market share in Germany and the UK. In so doing, this paper finds that some debt management units actively regulate their secondary bond markets to stimulate competition among dealer banks; they “orchestrate” the market for government bonds. Others take a more hands-off approach and only engage with secondary markets mostly as market participants by issuing debt instruments and perhaps buying and selling them in the secondary market. These differences are important for understanding the politics of sovereign debt: they reflect power relations, may impact states’ cost of borrowing and their capacity to withstand moments of fiscal stress.
Topic:
Infrastructure, Financial Markets, Banks, Public Debt, and Bonds
Political Geography:
Global Focus