Political Geography: United States / Topic: International Political Economy

1. Digital Futures for Europe

Author:: Meelis Kitsing
Publication Date:: 03-2021
Content Type:: Policy Brief
Institution:: European Centre for International Political Economy (ECIPE)
Abstract:: There isn’t one model for success in the digital future; there are many. Europe is now debating what policies that could help to power entrepreneurship and growth in Europe’s economy, and some are arguing that Europe should make itself technologically sovereign – independent from the big platforms from the US. This is not the right approach – partly because there cannot be just one model applied in Europe if it is to become more successful in technology and competitiveness. This briefing paper argues that is far more important for Europe to create a better environment for companies to experiment and discover with new business models, and to learn from the past platform success while they do so. That requires a much greater space for entrepreneurship and that the EU and national governments stay away from excessive regulations that strain new business growth. Europe can be a powerful region that shapes rules and standards globally – “the Brussels effect”. But that isn’t the future for Europe if it ensnares entrepreneurs in red tape – “the Brussels defect”.
Topic:: International Political Economy, Digital Economy, Entrepreneurship, Economic Growth, and Digital Policy
Political Geography:: United States and Europe

2. Risk Shocks and Divergence between the Euro Area and the US in the aftermath of the Great Recession

Author:: Thomas Brand and Fabien Tripier
Publication Date:: 03-2021
Content Type:: Working Paper
Institution:: Centre d'Etudes Prospectives et d'Informations Internationales (CEPII)
Abstract:: Highly synchronized during the Great Recession of 2008-2009, the Euro area and the US have diverged in the period that followed. To explain this divergence, we provide a structural interpretation of these episodes through the estimation for both economies of a business cycle model with ﬁnancial frictions and risk shocks, measured as the volatility of idiosyncratic uncertainty in the ﬁnancial sector. Our results show that risk shocks have stimulated US growth in the aftermath of the Great Recession and have been the main driver of the double-dip recession in the Euro area. They play a positive role in the Euro area only after 2015. Risk shocks therefore seem well suited to account for the consequences of the sovereign debt crisis in Europe and the subsequent positive eﬀects of unconventional monetary policies, notably the ECB’s Asset Purchase Programme (APP).
Topic:: Debt, Economics, International Political Economy, Global Recession, Finance, Europe Union, Economic Growth, and Risk
Political Geography:: United States, Europe, and Global Focus

3. Flattening the Pandemic and Recession Curves

Author:: Pierre-Olivier Gourinchas
Publication Date:: 03-2020
Content Type:: Policy Brief
Institution:: Economics for Inclusive Prosperity (EfIP)
Abstract:: In the short run, the capacity of any country’s health system is finite (capacity of Intensive Care Units, number of hospital beds, number of skilled health professionals, ventilators….). This puts an upper bound on the number of patients that can be properly treated, at any given point in time and is represented by the flat line in the Figure. Unchecked, and given what we know of the transmission rate of the coronavirus, the pandemic would quickly overwhelm any health system, leaving many infected patients with deteriorating pulmonary conditions without any treatment. The fatality rate would surge. The threat is almost beyond comprehension. With a 2% case fatality rate baseline for overwhelmed health systems, and 50% of the world population infected, 1% of the world population -76 million people- would die. This scenario corresponds to the red curve in Figure 1. The part of the curve above the capacity of the health care system faces a sharply higher mortality risk (shaded red area).
Topic:: Economics, International Political Economy, Health Care Policy, Economic Growth, Macroeconomics, Pandemic, COVID-19, and Global Health
Political Geography:: United States

4. Coronavirus and Managing Your Organization’s Response

Author:: Anton Korinek
Publication Date:: 03-2020
Content Type:: Policy Brief
Institution:: The Nkafu Policy Institute
Abstract:: Organizations around the world are working through how to respond to the novel coronavirus, posing one of the greatest challenges to leaders in a long time. Do they restrict travel? Doing so would have substantial financial implication, make months of preparation worthless and lower the morale of many stakeholders who enjoy travel. However, travel is what brought the coronavirus to the country in the first place — and what continues to spread it to new communities within the country. What about instituting remote work procedures? In-person meetings and events may be a critical part of an organization’s activities and an important part of the value it offers. Perhaps there are no known cases of the virus in a given community. However, once it does gain a foothold, social distancing is the only way to slow the spread. Carriers of the virus may unwittingly spread it for days before symptoms manifest themselves. Above all, one of the greatest challenges is to balance an organization’s economic concerns with the question of what is ethically the best course of action.
Topic:: Economics, International Political Economy, Pandemic, and COVID-19
Political Geography:: United States and Global Focus

5. Restraining Ourselves: Helping by Not Hurting

Author:: Nathan Nunn
Publication Date:: 01-2020
Content Type:: Policy Brief
Institution:: Economics for Inclusive Prosperity (EfIP)
Abstract:: In this brief, I discuss the current state of economic development policy, which tends to focus on interventions, usually funded with foreign aid, that are aimed at fixing deficiencies in developing countries. The general perception is that there are inherent problems with less-developed countries that can be fixed by with the help of the Western world. I discuss evidence that shows that the effects of such ‘help’ can be mixed. While foreign aid can improve things, it can also make things worse. In addition, at the same time that this ‘help’ is being offered, the developed West regularly undertakes actions that are harmful to developing countries. Examples include tariffs, antidumping duties, restrictions on international labor mobility, the use of international power and coercion, and tied-aid used for export promotion. Overall, it is unclear whether interactions with the West are, on the whole, helpful or detrimental to developing countries. We may have our largest and most positive effects on alleviating global poverty if we focus on restraining ourselves from actively harming less-developed countries rather than focusing our efforts on fixing them.
Topic:: Development, Economics, International Political Economy, Developing World, and Economic Development
Political Geography:: United States and Global Focus

6. Work for Others, not Yourself: Globalization, Protectionism and Europe’s Quest for Strategic Autonomy

Author:: Fredrik Erixon
Publication Date:: 10-2020
Content Type:: Policy Brief
Institution:: European Centre for International Political Economy (ECIPE)
Abstract:: Protectionism and mercantilism are yet again at the centre of global economic policy. “America First” is the guiding ethos in a good part of US international economic policy. Beijing is taking a larger stake in China’s economy and hand out privileges to domestic firms. Europe is increasingly occupied by achieving “strategic autonomy” and to create European champions at the expense of competition. Old and disreputed economic doctrines are getting a new lease on life. Behind this new orientation in international economic policy stands the old idea that a strong economy is an economy not dependent on others. Human prosperity – our story of rags to riches – tells a very different story. Prosperity is generated when people collaborate and improve our collective intelligence. Open economies are much better at creating wealth because they operate by the principle that people should work for others, not themselves. They specialize – and in the process, they get far more dependent on others. Dependency is a factor of success; economic sovereignty is a sure way of depriving people of opportunity and prosperity.
Topic:: International Political Economy, International Trade and Finance, Global Markets, and Strategic Competition
Political Geography:: United States, China, and Europe

7. The Tragedy of International Organizations in a World Order in Turmoil

Author:: Jean-Jacques Hallaert
Publication Date:: 07-2020
Content Type:: Policy Brief
Institution:: European Centre for International Political Economy (ECIPE)
Abstract:: China’s rise and the U.S. response to the perceived threat it represents to its predominance jeopardize the world order and affect international institutions. The paralysis of the WTO and the U.S. withdrawal from the WHO are the most visible examples, but not the only ones. This article presents the case of the International Monetary Fund. Quotas are the cornerstone of IMF governance. They determine each member’s contribution to the institution’s resources and their voting power. As the world evolves, the quota distribution needs to be adjusted. Adjustments in quota shares and thus voting powers have always been politically difficult. However, they were possible. In the early 1990s, members agreed to an increase in the representation of Japan. In the 2000s, they agreed to increase substantially the voting power of emerging economies. In contrast, the 15th General Review of Quotas concluded early 2020, failed to increase and realign quotas. The proximate cause for this was the opposition of the United States to a change in quotas. This paper argues that the U.S. decision was in large part motivated to prevent an increased influence of China. The failure to increase and realign voting powers may have long-lasting consequences. In the absence of a quota increase, the IMF will need to continue to rely on borrowed resources to avoid a drop in its lending capacity. This extension of the “temporary” recourse to borrowed resources undermines the governance of the Fund as voting powers (which are not linked to borrowed resources but only to quotas) are disconnected from member’s total contributions to the Fund and to their economic weight. This may trigger a new legitimacy crisis and provide incentives for countries like China to support the development of new and competing institutions which would better represent their interests and economic weight. Such a development would undermine the complex and fragile international financial architecture.
Topic:: International Organization, International Political Economy, Governance, IMF, and WTO
Political Geography:: United States, China, and Global Focus

8. Learning to Love Trade Again

Author:: Frank Lavin and Oscar Guinea
Publication Date:: 06-2020
Content Type:: Research Paper
Institution:: European Centre for International Political Economy (ECIPE)
Abstract:: We are at the moment, the first in seventy-five years, where there is no international consensus in support of trade. Indeed, trade is unloved, unsupported, and even unwanted. There is no shortage of topics in the rhetoric of trade complaints: from the rapid rise of China to Coronavirus as a metaphor for the evils of greater connectivity. Regardless of the validity of these complaints, none of them negate the central truth of trade: countries that engage in trade move ahead, and those that do not, stagnate. Our political leaders disagree. Anti-trade positions are held by leaders across the political spectrum, from Donald Trump to Bernie Sanders. And yet, the public is increasingly warm to the idea of trade. When Gallup asks Americans, “Do you see foreign trade more as an opportunity for economic growth through increased U.S. exports or a threat to the economy from foreign imports?” a record high of 79% see trade as an opportunity, with 18% viewing it as a threat. How did the world arrive at this moment where the benefits of trade are clearly evidenced while trade has become politically toxic? We identify four main factors: (i) U.S. absenteeism from the leadership role; (ii) detachment between trade and security architecture; (iii) no alternative leadership in Europe or elsewhere; and (iv) the cumbersome WTO process. Against this background we put forward five initiatives that will be big enough to count but unobjectionable enough to be adopted. The Big Three. The U.S., EU, and Japan, should establish a consultative body on trade to forge a new approach that allows trade to move ahead in the absence of universal consensus. No harm, no foul. Each of the Big Three should commit to zero tariffs on any item not produced in each particular market. A de minimis strategy. Tariffs should be eliminated on all products where the current tariff is less than 2%. At that level tariffs are simply a nuisance fee. Mind the social costs. Expand the Nairobi Protocols to include health products and green tech. Scrapping import tariffs on medical and green goods would not only encourage additional trade but will also provide health and environmental benefits. Harmonize down. The Big Three should commit that on every tariff line each of the three will be no worse than the next worse. In other words, each of the Big Three will agree to reduce its tariff on every product where it has the highest tariff of the three. These actions will spur the WTO, not undermine it. The measures we propose can be set up on a plurilateral basis that would allow other trading powers to participate. By breaking away from the tyranny of universal consensus, these actions will encourage the trading community – including the WTO – to get back in forward motion. In some respect, convergence between the Big Three is already happening. The EU and Japan signed an FTA that lowers import tariffs between these two economies, while the U.S. and Japan agreed to negotiate a comprehensive FTA. And if China is willing to step up? China should be welcomed into this group if it supports the four initiatives, changing the Big Three to the Big Four.
Topic:: International Political Economy, International Trade and Finance, Global Markets, Trade, and WTO
Political Geography:: United States, Japan, China, Europe, and Global Focus

9. Europe’s Quest for Technology Sovereignty: Opportunities and Pitfalls

Author:: Fredrik Erixon and Matthias Bauer
Publication Date:: 05-2020
Content Type:: Research Paper
Institution:: European Centre for International Political Economy (ECIPE)
Abstract:: Covid-19 and its broader implications have highlighted the importance of Europe’s digital transformation to ensure Europeans’ social and economic well-being. It provides important new learnings about Europe’s quest for “technology sovereignty”. While the debate about technology sovereignty is timely, the precise meaning of sovereignty or autonomy in the realm of technologies remains ambiguous. It should be noted that the political discussions about European technology sovereignty emerged far before the outbreak of the Coronavirus. The European Commission’s recently updated industrial and digital policy strategies “institutionalised” different notions of sovereignty, reflecting perceptions that more EU action is needed to defend perceived European values and to secure Europe’s industrial competitiveness. Often the political rhetoric reflected perceptions that Europe is losing global economic clout and geopolitical influence. It was said that dependency on technological solutions, often originating abroad, would require a European industrial and regulatory response. Against this background, the Corona crisis provides two important lessons for EU technology policymaking. Firstly, during the crisis digital technologies and solutions made European citizens stronger. Technology kept Europe open for business despite the lock-down by enabling Europeans to work from home, receive essential home deliveries, home schooling, online deliveries and to use online payments, etc. In addition, Europe’s citizens became more sovereign with respect to accessing information and data that helped track and contain the spread of the virus. Secondly, the crisis tested Europe’s resilience and perceived dependency on (foreign) technology solutions. Early developments indicate that Member States’ homemade solutions did not fare better than existing European and international solutions. A few national and EU IT solutions failed while existing European and global solutions, from cloud infrastructure to communications, payments to streaming services, all continued to work well. Politically, however, the crisis could be used to justify more EU or national government interference in Europe’s digital transformation. Indeed, for some the debate about European technology sovereignty is largely about designing prescriptive policies, which paradoxically risk reducing Europeans’ access to the innovative technologies, products and services that helped Europe through the crisis. Policies taken into consideration include new subsidies to politically picked companies, or new rules and obligations for certain online business models. Policy-makers advocating for such policies tend to ignore critical insights from the Covid-19 crisis and failed industrial policy initiatives, including sunk public investments and protracted subsidies for industrial laggards. In a time of economic hardship, the EU and national governments should be wary of spending even more taxpayer money to replicate existing world-class technology solutions, that in most cases are used in combination with local technologies, with “Made in EU” services of inferior quality and reliability. Moreover, due to different levels of economic development and differences in regulatory cultures, prescriptive technology policies would exclude many Member States from utilising existing and new opportunities that arise from digitalisation, slowing down economic renewal and convergence. The EU cannot be considered a monolithic block that thrives on a unique set of prescriptive technology policies. Before the Corona pandemic, initiatives towards European technology sovereignty were mainly pushed by France and Germany, fed by concerns over their companies’ industrial strength in times of growing economic and geopolitical competition. Industrial and technology policies favoured by the EU’s two largest countries will have a disproportionately negative impact on Europe’s smaller open economies, whose companies and citizens could be deprived from cutting-edge technologies, new economic opportunities and partnerships on global markets, undermining these economies’ development and international competitiveness. Any EU-imposed technology protectionism along the lines suggested by some policy-makers in large EU Member States would leave the entire EU worse off. It would disproportionately hurt countries in Europe’s northern, eastern and southern countries more than the large countries whose economies are generally more diverse than Europe’s smaller Member States. It would, however, make sense for the EU to agree on a shared definition of “technology sovereignty”. Different interpretations could cause serious policy inconsistencies, undermining the effectiveness of EU and national economic policies. Anchored in technological openness, technology sovereignty can indeed be a useful ambition to let Europe’s highly diverse economies leapfrog by using existing technologies. To become more sovereign in a global economy, Europeans need to focus on becoming global leaders in economic innovation – not just in regulation. If anchored in mercantilist or protectionist ideas, technological sovereignty would make it harder for many Member States to access modern technologies, adopt new business models and attract foreign investment – with adverse implications on future global competitiveness, economic renewal and economic convergence. Policymaking towards a European technology sovereignty that benefits the greatest number of Europeans – not just a few politically selected “winners” – should aim for a regulatory environment in which technology companies and technology adopters can thrive across EU Member States’ national borders. The European Single Market has deteriorated in recent years and significantly during the crisis. The new von der Leyen Commission has now repeatedly called for a strengthening of the Single Market. Becoming a world leader in innovation requires a real Single Market in which companies can scale up, with as few hurdles as possible, and then compete globally. It should be supplemented by pro-competitive policies and incentives for research and investment. Brussels cannot set the global standards in technology policymaking alone. Europe’s policy-makers should aim for closer market integration and regulatory cooperation with trustworthy international partners such as the G7 or the larger group of the OECD countries. It is in the EU’s self-interest to advocate for a rules-based international order with open markets. International cooperation should be extended beyond trade to include cooperation on technology policies, e.g. artificial intelligence. Regulatory cooperation with allies such as the USA is essential to jointly set global standards that are based on shared values. Both the EU and the US have much more to gain if they prioritise such alignment, to advance a shared vision for a revamped open international trading system, in a world increasingly influenced by regimes with fundamentally different views on state intervention and human rights. Anchored in technological openness, the EU and the US can promote technology sovereignty that allows for development and renewal elsewhere in the world.
Topic:: Industrial Policy, International Political Economy, Science and Technology, Sovereignty, European Union, and COVID-19
Political Geography:: United States, Europe, and Global Focus

10. Global giants and local stars: How changes in brand ownership affect competition

Author:: Vanessa Alviarez, Keith Head, and Thierry Mayer
Publication Date:: 11-2020
Content Type:: Working Paper
Institution:: Centre d'Etudes Prospectives et d'Informations Internationales (CEPII)
Abstract:: We assess the consequences for consumers in 76 countries of multinational acquisitions in beer and spirits. Outcomes depend on how changes in ownership affect markups versus efficiency. We find that owner fixed effects contribute very little to the performance of brands. On average, foreign ownership tends to raise costs and lower appeal. Using the estimated model, we simulate the consequences of counterfactual national merger regulation. The US beer price index would have been 4-7% higher without divestitures. Up to 30% savings could have been obtained in Latin America by emulating the pro-competition policies of the US and EU.
Topic:: Economics, International Political Economy, and Multinational Corporations
Political Geography:: United States, United Kingdom, Latin America, and Global Focus

11. Corporate tax avoidance and industry concentration

Author:: Farid Toubal, Mathieu Parenti, and Julien Martin
Publication Date:: 07-2020
Content Type:: Working Paper
Institution:: Centre d'Etudes Prospectives et d'Informations Internationales (CEPII)
Abstract:: This paper argues that tax avoidance by large corporations has contributed to the 25% increase in concentration among U.S. firms since the mid-1990s. Corporate tax avoidance gives large firms a competitive edge, which translates into larger market shares and an increase in the granularity of the economy. We develop IV and difference-in-differences strategies that show the causal impact of tax avoidance on firm-level sales. Had firms not resorted to tax avoidance in 2017, our results imply that the average industry concentration would have been 8.3% lower, which is around its early 2000 level.
Topic:: Economics, International Political Economy, Markets, Tax Systems, Corporations, Tax Evasion, and Corporate Tax
Political Geography:: United States and Global Focus

12. The dynamic impact of FX interventions on financial markets

Author:: Lukas Menkhoff, Malte Rieth, and Tobias Stöhr
Publication Date:: 03-2020
Content Type:: Working Paper
Institution:: Kiel Institute for the World Economy (IfW)
Abstract:: Evidence on the effectiveness of FX interventions in the prevailing higher frequency approaches leaves a gap at horizons going beyond a few days. This is addressed by identifying a structural vector autoregressive model for the daily frequency with an external instrument. Using Japanese data, we find that FX interventions significantly affect exchange rates, although the effect is smaller than in emerging markets, and this impact persists for up to a year. There is no major effect on interest rates, but stock prices increase in line with currency devaluation, in particular those of large (exporting) firms. The results qualitatively hold for US and UK interventions.
Topic:: International Political Economy, Exports, Data, and Models
Political Geography:: United States, Japan, and United Kingdom

13. The US–China trade deal and its impact on China’s key trading partners

Author:: Sonali Chowdhry and Gabriel Felbermayr
Publication Date:: 02-2020
Content Type:: Policy Brief
Institution:: Kiel Institute for the World Economy (IfW)
Abstract:: The US–China Economic and Trade Agreement (ETA) entered into force on 14th February 2020, marking a new phase in their protracted trade and geopolitical rivalry. The ETA includes specific targets for increased Chinese imports of US goods and services, amounting to 200 bn USD over 2020 and 2021. The authors show that these purchase commitments can generate substantial trade diversion effects and market share shifts for China’s top trading partners. In manufacturing, Germany is likely to experience the greatest trade diversion effects in a number of industries such as vehicles (-1.28 bn USD), aircraft (-1.59 bn USD) and industrial machinery (-0.72 bn USD). Moreover, developing countries will be hit if China re-directs its imports towards US suppliers. E.g. Brazil could experience a reduction of 4.95 bn USD in soybeans exports to China in 2021 as a result of the ETA.
Topic:: International Political Economy, International Trade and Finance, Exports, Trade, Trade Policy, and Imports
Political Geography:: United States and China

14. Shooting Oneself in the Foot? Trade War and Global Value Chains

Author:: Cecilia Bellora and Lionel Fontagné
Publication Date:: 12-2019
Content Type:: Working Paper
Institution:: Centre d'Etudes Prospectives et d'Informations Internationales (CEPII)
Abstract:: Despite the “Phase One Deal” agreed on mid-December 2019, bilateral tariffs between US and China remain at unprecedented high levels, which will have long-lasting effects. US tariffs remain very high on parts, components and other intermediate products; similarly, only the last wave of Chinese retaliatory tariffs has been half cut. We investigate in this paper how such tensions between highly interdependent economies will impact trade, income and jobs. We rely on a set-up featuring General Equilibrium, imperfect competition and importantly differentiating demand of goods according to their use, for final or intermediate consumption. This authorizes tracing the impact of protection along the value chains, on prices, value added and factor income. Additional tariffs from official lists are taken into account at the tariff line level, before being aggregated within sectors. Beyond the direct toll of sanctions, US exports to the world post a sizeable decrease as a result of reduced competitiveness led by vertical linkages along the value chains. Because of the tariffs in place as of February 2020, three quarters of the sectors decrease their value added in the US. Consistent with political economy determinants, these twists of value added are transmitted to production factors, leading to sizeable creation and destruction of jobs, and reallocation of capital to the benefit of protected sectors, mostly at the expense of their clients. Ultimately, this paper sheds light on the economic consequences of policies disrupting global value chains.
Topic:: Economics, International Political Economy, Bilateral Relations, Tariffs, Trade Wars, and Trade
Political Geography:: United States and China

15. The Exorbitant Privilege of High Tax Countries

Author:: Vincent Vicard
Publication Date:: 03-2019
Content Type:: Working Paper
Institution:: Centre d'Etudes Prospectives et d'Informations Internationales (CEPII)
Abstract:: The well documented US excess returns on its net foreign assets is no exception at the world level. Excess returns on foreign assets owe largely to yield differential within the FDI asset class and are correlated to the corporate tax rate for a large sample of countries, consistently with tax motivated profit shifting by multinational corporations. Using French firm level data on dividends and reinvested earnings from foreign affiliates, I provide evidence and quantify the impact of corporate tax avoidance on international asset returns. Profit shifting inflates the investment income balance and accounts for the average 2 percentage points return differential between French FDI assets and liabilities. Missing profts in France, estimated at €36 billions or 1.6% of GDP in 2015, are mostly shifted to EU countries.
Topic:: Economics, International Political Economy, European Union, GDP, Tax Systems, Profit, and Corporate Tax
Political Geography:: United States and France

16. A Fistful of Dollars? Foreign Sales Platforms and Profit Shifting in Tax Havens

Author:: Sébastien Laffitte and Farid Toubal
Publication Date:: 01-2019
Content Type:: Working Paper
Institution:: Centre d'Etudes Prospectives et d'Informations Internationales (CEPII)
Abstract:: Using public macro-level data on activities of multinationals, we document that U.S. firms geographically disconnect sales and production to avoid paying corporate taxes. We revisit both theoretically and empirically the location determinants of foreign platforms and show that market access motives are far less relevant when considering tax havens. We characterize these countries and shed light on the attractiveness of different tax havens for specific sectors of activity. Our quantification shows that profit shifting by foreign sales platforms in tax havens amounts to about $80bn in 2013. Our findings contribute to the recent policy debate on the reform of international taxation.
Topic:: Economics, International Political Economy, Global Political Economy, Multinational Corporations, Tax Systems, and Corporate Tax
Political Geography:: United States

17. Global Safe Haven Bonding Foreign and Domestic Owners of the U.S. Public Debt

Author:: Sandy Brian Hager
Publication Date:: 01-2016
Content Type:: Working Paper
Institution:: Centre for Global Political Economy, University of Sussex
Abstract:: This paper offers new theoretical and empirical insights to explain the resilience of the U.S. Treasuries market as a safe haven for global investment. Going beyond the standard systemic explanation, the paper highlights the importance of domestic politics in reinforcing the safe haven status of U.S. Treasury securities. In particular, the research shows how a formidable “bond” of interests unites domestic and foreign owners of the public debt and works to sustain U.S. power in global finance. Foreigners who now own roughly half of the U.S. public debt have something to gain from their domestic counterparts. The top one percent of U.S. households that dominate domestic ownership of the U.S. public debt have considerable political clout, thus alleviating foreign concerns about the creditworthiness of the U.S. federal government. Domestic owners of the U.S. public debt, in turn, have something to gain from the seemingly insatiable foreign appetite for U.S. Treasury securities. In supplying the U.S. federal government and U.S. households with cheap credit, foreign investors in U.S. Treasuries help to deflect challenges to the top one percent within the wealth and income hierarchy.
Topic:: Debt, Economics, International Political Economy, Inequality, and Finance
Political Geography:: United States and United Kingdom

18. Global Value Chains or Global Poverty Chains? A new research agenda

Author:: Benjamin Selwyn
Publication Date:: 06-2016
Content Type:: Working Paper
Institution:: Centre for Global Political Economy, University of Sussex
Abstract:: Global Value Chain (GVC) analysis is part and parcel of mainstream development discourse and policy. Supplier firms are encouraged, with state support, to ‘link-up’ with trans-national lead firms. Such arrangements, it is argued, will reduce poverty and contribute to meaningful socio-economic development. This portrayal of global political economic relations represents a ‘problem-solving’ interpretation of reality. This article proposes an alternative analytical approach rooted in ‘critical theory’ which reformulates the GVC approach to better investigate and explain the reproduction of global poverty, inequality and divergent forms of national development. It suggests re-labelling GVC as Global Poverty Chain (GPC) analysis. GPC’s are examined in the textiles, food, and high-tech sectors. The article details how workers in these chains are systematically paid less than their subsistence costs, how trans-national corporations use their global monopoly power to capture the lion’s share of value created within these chains, and how these relations generate processes of immiserating growth. The article concludes by considering how to extend GPC analysis.
Topic:: Development, Economics, International Political Economy, Labor Issues, Inequality, and Global Political Economy
Political Geography:: United States, Eastern Europe, and Asia

19. Quantity Theory of Money Redux? Will Inflation Be the Legacy of Quantitative Easing?

Author:: William R. Cline
Publication Date:: 05-2015
Content Type:: Policy Brief
Abstract:: Since the onset of the Federal Reserve's unconventional program of large scale asset purchases, known as quantitative easing (QE), some economists and financial practitioners have feared that the consequent buildup of the Fed's balance sheet could lead to a large expansion of the money supply, and that such an increase could cause a sharp rise in inflation. So far fears about induced inflation have not been validated. This Policy Brief examines the basis for the original concerns about inflation in terms of the classic quantity theory of money, which holds that inflation occurs when the money supply expands more rapidly than warranted by increases in real production. The Brief first reviews the US experience and shows that whereas rapid money growth might have been a plausible explanation of inflation in the 1960s through the early 1980s, subsequent data have not supported such an explanation. It then shows that the quantity theory of money has not really been put to the test after the Great Recession, because a sharp increase in banks' excess reserves and corresponding sharp decline in the "money multiplier" has meant that the rise in the Federal Reserve's balance sheet has not translated into increased money available to the public in the usual fashion. The most likely aftermath of quantitative easing remains one of benign price behavior. However, if nascent inflationary conditions materialize, the Federal Reserve will need to manage adroitly the large amounts of banks' excess reserves that have accumulated as a consequence of QE in order to limit inflationary pressures.
Topic:: Economics, International Political Economy, International Trade and Finance, and Federal Reserve
Political Geography:: United States

20. Iraq's 2014 National Elections

Author:: Ahmed Ali
Publication Date:: 04-2014
Content Type:: Working Paper
Institution:: Institute for the Study of War
Abstract:: Iraq's 2014 national elections are taking place at a difficult time. The country is at a crossroads, presented with the possibility of widely different futures. Deteriorating security conditions frame political thought in ways that harken back to Iraq's first national elections in 2005. The Iraqi state does not hold control of territory in some of Iraq's key political provinces, such as Anbar, Ninewa, and Diyala. The disenfranchisement of Iraq's Arab Sunnis; the rising threat of the Islamic State of Iraq and al-Sham (ISIS); and the activation of Ba'athist groups collectively discourage electoral participation.
Topic:: International Relations, International Political Economy, and Politics
Political Geography:: United States, Iraq, Ninewa, Anbar, and Diyala

21. What Future for Human Rights?

Author:: James W. Nickel
Publication Date:: 08-2014
Content Type:: Journal Article
Abstract:: Like people born shortly after World War II, the international human rights movement recently had its sixty-fifth birthday. This could mean that retirement is at hand and that death will come in a few decades. After all, the formulations of human rights that activists, lawyers, and politicians use today mostly derive from the UN Universal Declaration of Human Rights, and the world in 1948 was very different from our world today: the cold war was about to break out, communism was a strong and optimistic political force in an expansionist phase, and Western Europe was still recovering from the war. The struggle against entrenched racism and sexism had only just begun, decolonization was in its early stages, and Asia was still poor (Japan was under military reconstruction, and Mao's heavy-handed revolution in China was still in the future). Labor unions were strong in the industrialized world, and the movement of women into work outside the home and farm was in its early stages. Farming was less technological and usually on a smaller scale, the environmental movement had not yet flowered, and human-caused climate change was present but unrecognized. Personal computers and social networking were decades away, and Earth's human population was well under three billion.
Topic:: Climate Change, Human Rights, Human Welfare, International Law, International Political Economy, Sovereignty, and International Affairs
Political Geography:: United States, Japan, China, Europe, Asia, and United Nations

22. How to Make Fuel Subsidy Reform Succeed

Author:: Isobel Coleman
Publication Date:: 08-2014
Content Type:: Policy Brief
Institution:: Council on Foreign Relations
Abstract:: Fossil fuel subsidies are a global scourge. They distort markets, strain government budgets, encourage overconsumption, foster corruption, and harm the environment while doing little to remedy inequality or stimulate development. Yet despite compelling arguments for reform, fossil fuel subsidies remain deeply entrenched. Citizens have yet to be convinced that fuel subsidies can and should be replaced with more efficient poverty alleviation programs. As a result, governments refrain from phasing out fuel subsidies for fear of triggering a public backlash, and even civil unrest. To bolster the prospects for subsidy reform, the United States should support the creation of a new public-private partnership within the World Bank, the Global Subsidy Elimination Campaign (GSEC), to work with governments to execute country-specific communication programs that would build the case for fossil fuel subsidy reform among citizens. The GSEC would start with pilot programs in select countries, and on the basis of these efforts, expand its work to other countries interested in fuel subsidy reform. If the GSEC help s generate just a 5 percent reduction in the more than half a trillion dollars that governments now spend on fossil fuel subsidies, it would free up billions of dollars for more effective anti-poverty initiatives.
Topic:: Economics, International Cooperation, International Political Economy, International Trade and Finance, and Natural Resources
Political Geography:: United States

23. The Behavior of the Labor Market between Schechter (1935) and Jones Laughlin (1937)

Author:: Todd C. Neumann, Jason E. Taylor, and Jerry L. Taylor
Publication Date:: 10-2012
Content Type:: Journal Article
Journal:: The Cato Journal
Institution:: The Cato Institute
Abstract:: Recent research on the Great Depression emphasizes the role New Deal economic policy played in slowing recovery. Policies promoting cartels and higher wage rates during a time that the economy was experiencing unprecedented unemployment were likely to have created a negative supply shock that exacerbated economic depression rather than helped to alleviate it. Still, for 22 months between two important Supreme Court rulings, labor and product markets were relatively free of intervention. In A.L.A. Schechter Poultry Corp. v. United States (May 1935), the Court ruled that the National Industrial Recovery Act of 1933 (NIRA) was unconstitutional. In addition to setting up industry cartels, the NIRA had imposed relatively high minimum hourly wage rates and restrictions on work- weeks and required firms to recognize the right of labor to organize.
Topic:: International Political Economy
Political Geography:: United States

24. The Current Currency Situation

Author:: William R. Cline and John Williamson
Publication Date:: 11-2011
Content Type:: Policy Brief
Institution:: Peterson Institute for International Economics
Abstract:: The currency markets have been extremely disturbed for the last three months. The period witnessed a major strengthening of the US dollar in September, then the European currency crisis, a recovery of the euro when the markets believed that the crisis was being controlled, and then a rebound of the dollar. In view of these developments, those who follow currency movements need a new guide as to how the current values of currencies compare to our estimates of fundamental equilibrium exchange rates (FEERs). That is the main object of this paper.
Topic:: Economics, Globalization, International Political Economy, and Monetary Policy
Political Geography:: United States and Europe

25. The Substitution Account as a First Step Toward Reform of the International Monetary System

Author:: Peter B. Kenen
Publication Date:: 03-2010
Content Type:: Policy Brief
Institution:: Peterson Institute for International Economics
Abstract:: Today, the international monetary system is based largely on the US dollar, but reserve currency diversification has begun, thanks to the advent of the euro, and it is apt to continue. Eventually, the renminbi could acquire reserve currency status, and the resulting reserve currency diversification could be more disruptive than it has been to date. To forestall that possibility the quasi-currency issued by the International Monetary Fund (IMF), Special Drawing Rights (SDRs), could be made to play a larger role in the international monetary system, precluding potentially disruptive diversification and achieving more orderly growth in the stock of international reserves.
Topic:: Economics, International Political Economy, International Trade and Finance, and Monetary Policy
Political Geography:: United States

26. Understanding Special Drawing Rights

Author:: John Williamson
Publication Date:: 06-2009
Content Type:: Policy Brief
Institution:: Peterson Institute for International Economics
Abstract:: A once-familiar but long-neglected acronym has reappeared in newspapers in recent weeks. We have read that the G-20 meeting in London endorsed a proposal that the International Monetary Fund (IMF) should create $250 billion in Special Drawing Rights (SDRs). We have been told that one problem with this proposal is that most of the SDR allocation would accrue to countries that are unlikely to use them, and some readers may have seen proposed ways around this difficulty. We have read that the governor of the People's Bank of China, Zhou Xiaochuan, has proposed that the SDR should gradually displace the dollar at the center of the international monetary system and that surplus countries should be able to convert their dollar holdings into SDR-denominated assets. No one can doubt that the SDR is back.
Topic:: Economics, International Cooperation, International Political Economy, International Trade and Finance, and Monetary Policy
Political Geography:: United States and China

27. Improving U.S.-China Relations: The Next Steps

Author:: Richard N. Rosecrance
Publication Date:: 09-2009
Content Type:: Policy Brief
Institution:: Belfer Center for Science and International Affairs, Harvard University
Abstract:: A higher Renminbi will have two advantages: for the United States, it will help to equilibrate the past trade imbalance; for China, it will stimulate consumption (and enhance imports). It will therefore help China switch from a purely exporting strategy to one that maintains domestic growth through internal consumption. The goods that were to be sent abroad can now be consumed by an increasingly middle class nation at home. These steps will bring China and the United States closer economically and increase international stability. However, unless the military-security relations of the two countries improve, this will not be a sufficient remedy for the two nations' long term problems.
Topic:: International Political Economy, International Trade and Finance, and Bilateral Relations
Political Geography:: United States, China, and Germany

28. Brazil and the Transatlantic Community in the Wake of the Global Crisis

Author:: Thomas J Trebat
Publication Date:: 06-2009
Content Type:: Working Paper
Institution:: Institute for Latin American and Iberian Studies at Columbia University
Abstract:: As the great global crisis eases its grasp, it is a time to reconsider relations between Brazil and the North, especially the United States and the European Union. While the world economy is still reeling, it is very possible that a new and more productive period in Brazil's relations with the US and Europe is possible. This positive outcome derives from numerous factors, most especially Brazil's “peaceful rise” to a more prominent global role and the arrival of the Obama administration whose promise of a new beginning in U.S. foreign policy has been greeted with such evident enthusiasm in Latin America.
Topic:: International Relations, Foreign Policy, Development, Economics, International Political Economy, and Financial Crisis
Political Geography:: United States, Europe, Brazil, and Latin America

29. American Multinationals and American Economic Interests: New Dimensions to an Old Debate

Author:: Theodore H. Moran
Publication Date:: 07-2009
Content Type:: Working Paper
Institution:: Peterson Institute for International Economics
Abstract:: The 2008 election rekindled debate about whether US multinationals shift technology across borders and relocate production in ways that might harm workers and communities at home. President Obama now pledges to end tax breaks for corporations that ship jobs overseas. The preoccupation about the behavior of American multinationals takes three forms: (1) that US-based multinational corporations may follow a strategy that leads them to abandon the home economy, leaving the workers and communities to cope on their own with few appealing alternatives after the multinationals have left; (2) worse, that US-based multinational corporations may not just abandon home sites but drain off capital, substitute production abroad for exports, and “hollow out” the domestic economy in a zero-sum process that damages those left behind; and (3) worst, that US-based multinational corporations may deploy a rent-gathering apparatus that switches from sharing supranormal profits and externalities with US workers and communities to extracting rents from the United States. Each of these concerns contains a hypothetical outcome that can be compared with contemporary evidence from the United States and other home countries.
Topic:: Economics, International Political Economy, International Trade and Finance, Markets, and Financial Crisis
Political Geography:: United States and America

30. Contextualizing Conceptions of Corruption: Challenges for the International Anti-corruption Campaign

Author:: Malte Gephart
Publication Date:: 12-2009
Content Type:: Working Paper
Institution:: German Institute of Global and Area Studies
Abstract:: While in an initial legal and academic anti-corruption wave corruption itself was at the center of analysis, research is now increasingly focused on anti-corruption discourse and praxis. The latter analyses have generated numerous criticisms of anti-corruption activities and anti-corruption research, and these are presented in this literature review. These criticisms range from the anti-corruption norm's legitimacy deficit, to the difficulty of defining and measuring corruption, to the discourse's depoliticization through its technicalization. The anti-corruption movement faces particular difficulties with respect to the tension between the universality of the anti-corruption norm and its simultaneous contextualization for specific and local application. This tension is especially important because it touches upon the central issues of the respective political communities, such as the division of the private from the public, which differ from one cultural context to another. The contextualization of anti-corruption concepts has to be enabled in various areas: first, with respect to the culturally shaped conception of the division between the public and the private; second, with respect to local understandings of corruption, that is, what is actually meant when talking about “corruption”; and third, with respect to the low socioeconomic development levels in some countries, which do not permit the absence of corruption (evading a zero-tolerance rhetoric).
Topic:: International Relations, Corruption, International Cooperation, and International Political Economy
Political Geography:: Africa, United States, and United Nations

31. Crisis and Consensus; America and ASEAN in a New Global Context

Author:: Donald K. Emmerson
Publication Date:: 02-2009
Content Type:: Working Paper
Institution:: Walter H. Shorenstein Asia-Pacific Research Center
Abstract:: No crisis is uniformly global. The suffering and the opportunity that a “global” crisis entails are always unevenly distributed across countries, and unevenly across the population inside any one country. That said, one can nevertheless argue that we—not the old royal “we” but, more presumptuously, the new global “we”—are in January 2009 experiencing the latest of four dramatic changes that major parts of the world have undergone over the last twenty years. In 1989, of course, the Berlin Wall was breached, ending the Cold War, followed by the implosion of Lenin's Soviet dystopia two years later. Nor did the 1989 massacre of proreform demonstrators in Tiananmen Square revive a command economy in China. Instead it kept the polity shut so that Deng's economy could continue to open.
Topic:: International Relations, Globalization, and International Political Economy
Political Geography:: United States, China, America, Israel, Asia, and Berlin

32. Ready to Lead? Rethinking America's Role in a Changed World

Author:: Robin Niblett
Publication Date:: 02-2009
Content Type:: Working Paper
Institution:: Chatham House
Abstract:: During his inaugural address on 20 January 2009, Barack Obama declared to 'all other peoples and governments, who are watching today, know that we are ready to lead once more'. In the following four weeks to the publication of this report, President Obama has set the United States on a course that is meeting widespread approval around the world. He has ordered the closure as soon as possible of the Guantánamo Bay detention facilities and of other secret facilities outside the United States that had so undermined America's international credibility with its allies and confirmed the anti-US narrative of its opponents. He has appointed special envoys for Middle East Peace and to implement an integrated strategy for both Afghanistan and Pakistan. He has offered to 'seek a new way forward' with the Muslim world as well as to 'extend a hand' to authoritarian governments if they are willing 'to unclench [their] fist'. His Secretary of State, Hillary Clinton, has said that America will be more effective if it can 'build a world with more partners and fewer adversaries'. Both have recognized the virtues of pragmatism over ideology and the reality of interdependence.
Topic:: Foreign Policy, International Political Economy, and International Affairs
Political Geography:: United States, America, Middle East, Asia, and Latin America

33. Global Imbalances and the Financial Crisis

Author:: Steven Dunaway
Publication Date:: 03-2009
Content Type:: Working Paper
Institution:: Council on Foreign Relations
Abstract:: The current economic and financial crisis has brought about a significant change in global economic governance as the international forum for discussions on the crisis has shifted from the small group of advanced countries in the Group of Seven (G7) to the Group of Twenty (G20), a broader group including important emerging market countries. The G20 summit held in Washington, DC, on November 15, 2008, dealt with the immediate concerns fostered by the crisis and focused on both macroeconomic policy actions needed to support global growth and ideas for implementing financial market reforms. Follow-up G20 summits are expected, starting with a gathering in the United Kingdom in April 2009. However, for these discussions to have a substantial impact, the agenda will have to be broadened beyond economic stimulus and financial market regulation. If not, global policymakers will miss a critical chance to make the world economy and financial markets more stable, as then U.S. treasury secretary Henry M. Paulson Jr. pointed out: If we only address particular regulatory issues—as critical as they are—without addressing the global imbalances that fueled recent excesses, we will have missed an opportunity to dramatically improve the foundation for global markets and economic vitality going forward. The pressure from global imbalances will simply build up again until it finds another outlet.
Topic:: International Relations, Economics, International Political Economy, and International Trade and Finance
Political Geography:: United States and China

34. Money for the Auto Industry: Consistent with WTO Rules?

Author:: Gary Clyde Hufbauer and Claire Brunel
Publication Date:: 02-2009
Content Type:: Policy Brief
Institution:: Peterson Institute for International Economics
Abstract:: As the financial crisis threatens to lead to a depression, the woes of the automobile industry are second only to the distress of the financial sector. Employment in the US auto industry dropped 9 percent between 2007 and 2008, with much more to follow in 2009. Overall, US auto sales dropped 18 percent between 2007 and 2008, and sales of SUVs plunged 44 percent on a year-over-year basis. Since some sort of financing is required for 90 percent of US car sales, the global credit freeze hit the auto industry with a second blow.
Topic:: Economics, International Political Economy, International Trade and Finance, Poverty, and Financial Crisis
Political Geography:: United States

35. A Green Recovery? Assessing US Economic Stimulus and the Prospects for International Coordination

Author:: Trevor Houser, Shashank Mohan, and Robert Heilmayr
Publication Date:: 02-2009
Content Type:: Policy Brief
Institution:: Peterson Institute for International Economics
Abstract:: As the 111th Congress begins and a new president takes office, the economic crisis dominates the US policy agenda. The financial system remains in a tenuous state despite massive bank recapitalization, and the economy, more than a year into the current recession, shows no signs of recovery. Given the scale of the challenge Washington faces and the amount of money required to combat it, there will likely be little room for other legislative priorities. As a result, policymakers are hoping to direct government spending over the next two years in a way that not only generates short-term economic growth and employment but also addresses long-term policy goals sidelined by the current crisis.
Topic:: International Relations, Climate Change, Economics, Environment, International Political Economy, and International Trade and Finance
Political Geography:: United States

36. Buy American: Bad for Jobs, Worse for Reputation

Author:: Gary Clyde Hufbauer and Jeffrey J. Schott
Publication Date:: 02-2009
Content Type:: Policy Brief
Institution:: Peterson Institute for International Economics
Abstract:: On January 28, 2009, the US House of Representatives passed its economic stimulus plan, the American Recovery and Reinvestment Act of 2009. Out of the bill's 700 text pages, a small half-page section attracted enormous media attention: the section requiring that all public projects funded by the stimulus plan must use only iron and steel produced in the United States (box 1). Another provision, which drew less attention, extends the so-called Berry Amendment (an old Buy American provision) to uniforms purchased by the Department of Homeland Security.
Topic:: Economics, Globalization, Government, Industrial Policy, International Political Economy, International Trade and Finance, and International Affairs
Political Geography:: United States

37. The Transatlantic Economy 2009

Author:: Daniel S. Hamilton and Joseph P. Quinlan
Publication Date:: 01-2009
Content Type:: Working Paper
Institution:: Center for Transatlantic Relations
Abstract:: After a five-year boom in prosperity, the transatlantic economy has fallen into what could be perhaps its deepest recession since World War II. Although the U.S. was the epicenter of the financial crisis, many European banks have exposure to U.S. subprime loans and embraced the risky lending practices of their American counterparts. The financial crisis and attendant recession underscore the deep integration of the transatlantic economy. Notions of “decoupling” are mistaken and are likely to lead to serious policy errors. Never before have Europeans and Americans had a greater stake in each other's economic success. Each has a substantial interest in the other's ability to weather current difficulties and to emerge in sound shape from the crisis.
Topic:: International Relations, Economics, Globalization, International Political Economy, and International Trade and Finance
Political Geography:: United States and Europe

38. Policy Liberalization and US Merchandise Trade Growth, 1980-2006

Author:: Matthew Adler and Gary Clyde Hufbauer
Publication Date:: 05-2009
Content Type:: Working Paper
Institution:: Peterson Institute for International Economics
Abstract:: This working paper draws on historical and contemporary data on tariffs, nontariff barriers, and transportation costs (for the United States and its major trading partners) to estimate the role of policy liberalization in US merchandise trade growth over the period 1980 to 2006. Both partial equilibrium analysis and computable general equilibrium analysis are used to make the estimates. Both methods indicate that roughly 25 percent of US trade growth since 1980 can be attributed to policy liberalization. Policy liberalization plays a larger role in US export growth (35 to 40 percent) than US import growth (25 percent). According to these estimates, policy liberalization accounts for almost all US merchandise growth in excess of growth that can be explained by expanding GDP in the United States and abroad.
Topic:: International Political Economy and International Trade and Finance
Political Geography:: United States

39. Difference within Similarity: Transatlantic Relations as a 'Community of Neighbours'

Author:: Pertti Joenniemi
Publication Date:: 06-2009
Content Type:: Working Paper
Institution:: Danish Institute for International Studies (DIIS)
Abstract:: The contribution focuses on the unfolding and tensions within the transatlantic relationship and it pursues, in particular, the question how the bonds of association between Europe and America are best comprehended and accounted for. In trying to break some new ground for theorization it argues that the Realist, Liberal and Constructivist accounts have so far come up short in terms of providing up-to-date and broadly acceptable answers. With the dominant theories focusing largely on either external enmity or internal homogeneity, difference internal to the relationship has too easily been conceptualized as destabilizing and seen as representing a rupture. In contrast, the paper assert s that while elements of enmity and homogeneity are important, communities such as the Atlantic one are also critically brought together by their internal differences. It then aims, in view of the difference-based dynamics at play and foundational for the Atlantic communality, to complement an d provide a corrective to the more established theorization of that togetherness.
Topic:: International Relations, Foreign Policy, International Political Economy, and Bilateral Relations
Political Geography:: United States, America, and Europe

40. China's $1.5 Trillion Bet: Understanding China's External Portfolio

Author:: Brad W. Setser and Arpana Pandey
Publication Date:: 05-2009
Content Type:: Working Paper
Institution:: Council on Foreign Relations
Abstract:: This paper was originally published in January 2009. The May update incorporates quarter one 2009 data on China's foreign reserves, the Treasury International Capital (TIC) capital flows data for December, January, and February, and the results of the June 2008 survey of foreign portfolio investment in the United States. The June 2008 survey indicated that China bought fewer Treasury bonds and more equities than the authors estimated in the January paper.
Topic:: Economics, International Political Economy, and International Trade and Finance
Political Geography:: United States and China

41. The Internationalization of Chinese and Indian Firms: Trends, Motivations and Policy Implications

Author:: Sandeep Kapur and Suma Athreye
Publication Date:: 01-2009
Content Type:: Policy Brief
Institution:: United Nations University
Abstract:: The last two decades have seen a significant rise in the internationalization of firms from developing economies. In addition to their growing participation in international trade, a number of leading emerging economies are contributing to growing outflows of foreign direct investment (FDI) and cross-border mergers and acquisitions. According to the 2008 World Investment Report, outward flows of FDI from developing countries rose from about US$6 billion between 1989 and 1991 to US$225 billion in 2007. As a percentage of total global outflows, the share of developing countries grew from 2.7% to nearly 13.0% during this period.
Topic:: International Relations, Economics, Globalization, International Political Economy, Markets, Foreign Direct Investment, and Financial Crisis
Political Geography:: United States, China, and India

42. The Chinese Meaning of Just War and Its Impact on the Foreign Policy of the People's Republic of China

Author:: Nadine Godehardt
Publication Date:: 09-2008
Content Type:: Working Paper
Institution:: German Institute of Global and Area Studies
Abstract:: The image of China's peaceful rise, which the Chinese government is keen to enforce in the world, stands in contrast to the view of China's ascent as a threat. China's economic and military growth is perceived as a potential threat to the (East) Asian security structure and as a challenge to the preponderance of the United States. Even though the PRC is more active in international and regional organizationsand better integrated in the international communitythan ever before, the ambiguity of China's true political intentions is still dominant.
Topic:: Civil Society and International Political Economy
Political Geography:: United States, China, Israel, East Asia, and Asia

43. Causes for Participation in Hegemonic Governance

Author:: Cornelia Beyer
Publication Date:: 04-2008
Content Type:: Journal Article
Journal:: Alternatives: Turkish Journal of International Relations
Institution:: Center for International Conflict Resolution at Yalova University
Abstract:: This article argues that the causes for participation in Global Governance are to be found in part in the mere structure of it. In the debate about Global Governance, largely, the issue of power is neglected. However, we certainly deal with a hegemonic constellation. Therefore, the power is present and exerted in Global Governance. It is argued here, that the exertion of power in Global Governance by the United States is causal for participation in it. The study looks at the Global Governance of Counterterrorism, i.e. the Global War on Terrorism, and the regional organizations of ASEAN and the EU.
Topic:: International Organization, International Political Economy, and Political Theory
Political Geography:: United States

44. Poland's New Government Seeks Solidarity, Not Provocation

Publication Date:: 01-2008
Content Type:: Journal Article
Journal:: European Affairs
Institution:: The European Institute
Abstract:: European Affairs traces the path that has brought a new, more statesmanlike tone to Polish foreign policy. As both Warsaw (and Prague) proceed with plans to accept the U.S. missile defense system, Sikorski sets the initiative in broader NATO context.
Topic:: International Relations, Defense Policy, Government, and International Political Economy
Political Geography:: United States, Europe, and Poland

45. Can America Still Lead in the Global Economy?

Author:: Lael Brainard and David Lipton
Publication Date:: 08-2008
Content Type:: Working Paper
Institution:: The Brookings Institution
Abstract:: From the vantage point of 2008, some of the most memorable initiatives of U.S. international economic leadership—the Paris and Louvre Accords, the support for Poland and Russia after the fall of communism, the Uruguay Round, and the Mexican Financing Loan—seem like quaint reminders of a simpler time. In the coming years, the exercise of international economic leadership will surely prove more complex than in the past. The very success of the American vision of a global spread of vibrant and competitive markets has created a huge, rapidly integrating private economy of trade and finance much less amenable to guidance, let alone control, by governments. Unlike in diplomacy and defense, where non state actors are growing in importance but still a side show, in inter- national economics, households, corporations, labor unions, and non-profits are now the dominant players in most parts of the world. While they respond to national laws and policies, their interests are varied and their operations often span borders.
Topic:: Economics, International Political Economy, International Trade and Finance, and Markets
Political Geography:: Russia, United States, Paris, Poland, Uruguay, and Mexico

46. The Trade and Climate Change, Joint Agenda

Author:: Thomas L Brewer
Publication Date:: 06-2008
Content Type:: Working Paper
Institution:: Centre for European Policy Studies (CEPS)
Abstract:: Climate change, international trade, investment and technology transfer are all issues that have intersected in diverse institutional contexts and at several levels of governmental activity to form a new joint agenda. The purpose of this paper is to advance understanding of this joint agenda by identifying the specific issues that have emerged, the policies that have been adopted, especially in the EU and US, and the options that are available for further policy-making.
Topic:: Climate Change, International Cooperation, International Political Economy, and International Trade and Finance
Political Geography:: United States and Europe

47. Free Hand Abroad, Divide And Rule At Home

Author:: Jack Snyder, Robert Y. Shapiro, and Yaeli Bloch-Elkon
Publication Date:: 03-2008
Content Type:: Working Paper
Institution:: Arnold A. Saltzman Institute of War and Peace Studies
Abstract:: Under unipolarity, the immediate costs and risks of war are more likely to seem manageable for a militarily dominant power like the U.S. This does not necessarily make the use of force cheap or wise, but it means that the costs and risks of the use of force are comparatively indirect, long-term, and thus highly subject to interpretation. Unipolarity, combined with the opportunity created by September 11, opened a space for interpretation that tempted a highly ideological foreign policy cohort to seize on international terrorism as an issue to transform the balance of power in both the international system and American party politics. This cohort's response to the terrorist attack was grounded in ideological sincerity, but also in the routine practice of wedge issue politics, which had been honed on domestic issues during three decades of partisan ideological polarization and then extended into foreign policy.
Topic:: Defense Policy, Government, International Political Economy, and Terrorism
Political Geography:: United States and America

48. The United States' Public Diplomacy Platform in Davos

Author:: Peter R. Coneway
Publication Date:: 03-2008
Content Type:: Journal Article
Institution:: Council of American Ambassadors
Abstract:: The World Economic Forum (WEF) annual meeting in Davos, Switzerland, is unlike any other event of its kind. Over a five-day span at the end of January each year, 2,000 world leaders, Fortune 500 chief executive officers, international media moguls and nongovernmental organization (NGO) leaders gather in the small alpine village of Davos to participate on panels, in industry meetings and in "off the record" sessions. The WEF meetings in Davos have been a ripe target for public diplomacy efforts over the past 38 years, and the WEF's founder, Dr. Klaus Schwab, has preserved the original intent of the forum in maintaining its focus as a place for informal dialogue and debate on major social and economic problems.
Topic:: Economics, International Cooperation, International Organization, and International Political Economy
Political Geography:: United States and Switzerland

49. Korean Institutional Reform in Comparative Perspective

Author:: Marcus Noland and Erik Weeks
Publication Date:: 06-2008
Content Type:: Working Paper
Institution:: Peterson Institute for International Economics
Abstract:: In recent years, academic economists have come to appreciate the centrality of public institutions in contributing to economic performance. Yet Korea, arguably the premier success story of the last half-century, has sometimes been described as a First World economy with Third World institutions. Although Korea modestly underachieves on most of the 52 institutional indicators examined in this paper, it is not an outlier, and on most indicators it is converging on global norms from below.
Topic:: International Organization and International Political Economy
Political Geography:: United States, Asia, and South Korea

50. Is a League of Democracies a Good Idea?

Author:: Thomas Carothers
Publication Date:: 05-2008
Content Type:: Policy Brief
Institution:: Carnegie Endowment for International Peace
Abstract:: Although the idea of a “League of Democracies” usefully reflects the urgent need to rebuild the legitimacy of U.S. democracy promotion, it is a problematic idea. It rests on the false assumption that democracies share sufficient common interests to work effectively together in a large group on a wide range of global issues. Such a league could aggravate rather than alleviate global sensitivities about the close association between U.S. democracy promotion and the U.S. global security agenda. The next U.S. president should opt instead for more flexible, case-by-case partnerships to fit specific issues and contexts.
Topic:: Diplomacy, International Cooperation, International Organization, and International Political Economy
Political Geography:: United States and Europe

51. The United States:A normative power?

Author:: Daniel S. Hamilton
Publication Date:: 05-2008
Content Type:: Working Paper
Institution:: Centre for European Policy Studies (CEPS)
Abstract:: To what degree may the US be considered a normative power? The US foreign policy mainstream tends to reflect a varying blend of normative and hegemonic approaches. The US has been and continues to be simultaneously a guardian of international norms; a norm entrepreneur challenging prevailing norms as insufficient; a norm externaliser when it tries to advance norms for others that it is reluctant to apply to itself; and a norm blocker when it comes to issues that may threaten its position, or that exacerbate divisions among conflicting currents of American domestic thought. On balance (and despite exceptions), the US has sought to manage this normative-hegemonic interplay by accepting some limits on its power in exchange for greater legitimacy and acceptance of its leadership by others. The unresolved question today is whether the US and other key players are prepared to stick with this bargain. Closer examination of the US case also raises a considerable number of questions about the notion of the EU as a 'normative power'.
Topic:: International Relations, Foreign Policy, Defense Policy, International Law, International Organization, and International Political Economy
Political Geography:: Africa, United States, and Europe

52. The Trade and Climate Change, Joint Agenda

Author:: Thomas L Brewer
Publication Date:: 06-2008
Content Type:: Working Paper
Institution:: Centre for European Policy Studies (CEPS)
Abstract:: Climate change, international trade, investment and technology transfer are all issues that have intersected in diverse institutional contexts and at several levels of governmental activity to form a new joint agenda. The purpose of this paper is to advance understanding of this joint agenda by identifying the specific issues that have emerged, the policies that have been adopted, especially in the EU and US, and the options that are available for further policy-making.
Topic:: Government, International Political Economy, and International Trade and Finance
Political Geography:: United States

53. Mobility of Labor and Services across the Baltic Sea after EU Enlargement: Trends and Consequences

Author:: Jon Erik Dølvik
Publication Date:: 01-2008
Content Type:: Working Paper
Institution:: Minda de Gunzburg Center for European Studies, Harvard University
Abstract:: The enlargement of the EU / EEA area on 1 May 2004 to comprise 28 countries – including eight Central and Eastern European countries, in 2007 followed by Bulgaria and Romania – was a milestone. The subsequent opening of the markets for labor and services between countries with gaps in wages and living conditions comparable to those along the U.S./Mexican border has no modern precedent, prompting new patterns of competition, migration and adjustment in national labor market regimes. This paper reviews developments in labor migration after enlargement and the implications for the labor markets in the Baltic states and Poland, which have accounted for a predominant share of the intra- EU / EEA migration flows since 2004. Besides the UK and Ireland, where almost one million EU 8 citizens had registered in 2007, the booming Nordic economies have become important destinations, having granted more than 250,000 permits and seen sizeable additional flows of service providers and self-employed from the Baltic states and Poland. In the sending countries, rising demand for labor has, alongside strong outmigration – especially among young and well-educated groups – engendered falling unemployment, soaring wage growth, and made shortages of skills and labor an obstacle to further economic recovery. Yet, while better paid temporary work abroad may weaken the incentives for employment, mobility and training in the home country, aging will lead to shrinking working-age populations in the coming years. Unless the Baltic states and Poland can entice a larger share of the population to work in their home countries – and/or can attract substantial labor migration from third countries – the declining work force may easily entail economic stagnation and reinforce the outflow of human resources. These countries are thereby facing a critical juncture in their economic and social development. In the recipient Nordic countries, the growing labor and service mobility, low cost production, and competition for labor in Europe, as well as emerging lines of division in the labor markets, have, on the other hand, raised new questions as to how the principles of free movement and the egalitarian Nordic models can be made reconcilable in the open European markets.
Topic:: International Political Economy and Markets
Political Geography:: United States, United Kingdom, Europe, Eastern Europe, Poland, Bulgaria, Romania, and Ireland

54. On What Terms Is the IMF Worth Funding?

Author:: Edwin M. Truman
Publication Date:: 12-2008
Content Type:: Working Paper
Institution:: Peterson Institute for International Economics
Abstract:: In the first decade of the 21st century the International Monetary Fund (IMF) faced crises of legitimacy, relevance, and budgetary finance. It now confronts what likely will be the worst global recession since World War II, potentially huge demands for its financial assistance with limited resources, and calls for it to play a more central role in the international financial and regulatory systems. At the same time, the incoming Barack Obama administration must decide what to do about the modest package of IMF reforms that was completed in the spring of 2008. The package requires US congressional approval to go into effect. This paper reviews the recent, slow progress on IMF reform and makes recommendations to the Obama administration against the background of that record, the emerging global recession, and continuing financial turmoil. I recommend that the IMF package be reopened to include a doubling of IMF quotas and an amendment that will permit the Fund to swap special drawing rights (SDR) with major central banks to finance its short-term lending facility. I also recommend a special allocation of 50 billion SDR. If these proposals are turned down by the G-20 at its meeting in April 2009, I reluctantly recommend that the Obama administration seek congressional approval of the IMF package as it now stands because a failure to do so would seriously undermine the Fund as a central multilateral institution.
Topic:: Development, International Organization, International Political Economy, International Trade and Finance, and Global Recession
Political Geography:: United States

55. Der kollektive "Buddenbrooks-Effekt"

Author:: Christoph Deutschmann
Publication Date:: 05-2008
Content Type:: Working Paper
Institution:: Max Planck Institute for the Study of Societies
Abstract:: The paper views the current financial crisis in light of long-term structural socioeconomic changes in advanced industrial societies. In Western Europe, the United States and Japan, the period of economic prosperity after the Second World War led to a remarkable accumulation of wealth among the middle class that had surprisingly little effect on the substantial fortunes of the wealthiest upper class. This affluence gave rise to pension and investment funds emerging as a new type of collective actor in global financial markets, while the economy was marked by increasing instability, declining growth rates and financial crises. The paper tries to clarify the interconnections between these phenomena using the framework of a multilevel analysis that culminates in a model I call the “collective Buddenbrooks effect” (“Buddenbrooks” being a family saga by Thomas Mann): Structural upward social mobility will lead to an increasing imbalance in capital markets, since the volume of financial assets looking for profitable investment will rise as the social reservoir of solvent debtors and promising investment opportunities decline. Advanced industrial economies are thus characterized by a bias towards capital export and excessive financial liquidity, with the well-known consequences of low economic growth rates and the danger of speculative bubbles on global capital markets. The middle class that originally benefitted from postwar prosperity is negatively affected, too. I argue that the current crisis cannot be understood sufficiently without taking this structural socioeconomic background into account.
Topic:: Economics, International Political Economy, International Trade and Finance, Political Economy, and Political Theory
Political Geography:: United States, Japan, and Europe

56. Globalization and Global Governance in the 21st Century

Author:: Jeffrey Hart and Joan Edelman Spero
Publication Date:: 01-2008
Content Type:: Working Paper
Institution:: Centre for International Peace and Security Studies
Abstract:: An examination of international economic relations in the six decades since World War II reveals many ways in which political factors have shaped economic outcomes. The postwar security system significantly affected the postwar economic system. The creation of a bipolar security system following the outbreak of the Cold War led to the separation of the Eastern and Western economic systems and provided a basis for the dominant role of the United States in the Western system and of the Soviet Union in the Eastern system. The end of the Cold War led in turn to the end of the East-West economic divide and to the integration of the formerly Communist countries and China into the global capitalist economy.
Topic:: Cold War, Globalization, Government, International Cooperation, International Political Economy, International Security, and International Affairs
Political Geography:: United States and China

57. Georgia: Breakdown of Vision the West Had for a New Europe

Author:: Robert E. Hunter
Publication Date:: 09-2008
Content Type:: Journal Article
Journal:: European Affairs
Institution:: The European Institute
Abstract:: The post-cold war vision proffered by the U.S. and its allies in NATO was an inclusive model of security for all the countries in Europe and for Russia and its neighbors to the south. Russia's leadership has turned away from it, but the vision remains sound and open to Moscow – if the Kremlin thinks wisely about the future.
Topic:: Security, NATO, and International Political Economy
Political Geography:: Russia, United States, Europe, and Georgia

58. SWF's Are Making Political Waves in the U.S. and EU

Author:: Thomas J. Karol
Publication Date:: 09-2008
Content Type:: Journal Article
Journal:: European Affairs
Institution:: The European Institute
Abstract:: Western countries need and largely welcome the fresh capital that can be injected by SWFs. But these funds are liable to arouse controversy, often because they are run by countries disliked in the West. Their tax-free status (as government-owned entities) may offer politicians a handle on these funds.
Topic:: Economics, Globalization, Government, and International Political Economy
Political Geography:: United States

59. The Emerging Structure of International Politics

Author:: Kenneth Waltz
Publication Date:: 03-2008
Content Type:: Journal Article
Institution:: Uluslararasi Iliskiler
Abstract:: During the Cold War, the bipolar structure od international system and the nuclear weaponry avaliable to some states combined to perpetuate a troubled peace. As the bipolar era draws to a close, one has to question the likely structural changes in prospect. Following the dissolution of the Soviet Union, bipolarity endures, albeit in an altered state, because Russia stil takes care of itself and no great powers have emerged yet. With the waning of Russian power, the United States is no longer held in check by any other country. Balance of power theory leads one to assume that other powers, alone or in concert, will bring American power into balance. Considing the likely changes in the structure of international system, one can presuppose that three political units may rise to great-power rank: Germany or a West European state, Japan and China. Despite all the progress achieved by these countries, for some years to come, the United States will be the leading counrty economically as well as militarily.
Topic:: Cold War, International Political Economy, Nuclear Weapons, Politics, and Political Theory
Political Geography:: Russia, United States, Japan, China, Europe, and Germany

60. The Shape of the World to Come

Author:: Laurent Cohen-Tanugi
Publication Date:: 08-2008
Content Type:: Book
Institution:: Columbia University Press
Abstract:: Contrary to an optimistic vision of a world "flattened" by the virtues of globalization, the sustainability and positive outcomes of economic and political homogenization are far from guaranteed. For better and for worse, globalization has become the most powerful force shaping the world's geopolitical landscape, whether it has meant integration or fragmentation, peace or war. The future partly depends on how new economic giants such as China, India, and others make use of their power. It also depends on how well Western democracies can preserve their tenuous hold on leadership, cohesion, and the pursuit of the common good. Offering the most comprehensive analysis of world politics to date, Laurent Cohen-Tanugi takes on globalization's cheerleaders and detractors, who, in their narrow focus, have failed to recognize the full extent to which globalization has become a geopolitical phenomenon. Offering an interpretative framework for thought and action, Cohen-Tanugi suggests how we should approach our new "multipolar" world—a world that is anything but the balanced and harmonious system many welcomed as a desirable alternative to the "American Empire."
Topic:: Economics, Globalization, and International Political Economy
Political Geography:: United States and Global Focus
Publication Identifier:: 9780231517904
Publication Identifier Type:: ISBN

61. How Long Can the Unsustainable U.S. Current Account Deficit Be Sustained?

Author:: Steven B. Kamin, Carol C. Bertaut, and Charles P. Thomas
Publication Date:: 07-2008
Content Type:: Working Paper
Institution:: Board of Governors of the Federal Reserve System
Abstract:: This paper addresses three questions about the prospects for the U.S. current account deficit. Is it sustainable in the long term? If not, how long will it take for measures of external debt and debt service to reach levels that could prompt some pullback by global investors? And if and when such levels are breached, how readily would asset prices respond and the current account start to narrow?
Topic:: Economics, Foreign Exchange, Government, International Political Economy, and Political Economy
Political Geography:: United States

62. Policy Liberalization and FDI Growth, 1982 to 2006

Author:: Matthew Adler and Gary Clyde Hufbauer
Publication Date:: 08-2008
Content Type:: Working Paper
Institution:: Peterson Institute for International Economics
Abstract:: Over the last three decades the global economy has expanded in a remarkable fashion. While nominal world GDP has increased four times, world bilateral trade flows have grown more than six-fold, and the stock of foreign direct investment (FDI) has grown by roughly 20 times since 1980. The sources of global trade and investment growth are well known—general economic expansion, policy liberalization, and better communications and technology—but the impact of each source is unclear. In this paper we attempt to uncover the contribution of policy liberalization to the rising ratios of US inward and outward FDI stocks to GDP over the last three decades.
Topic:: Economics, Globalization, International Political Economy, International Trade and Finance, Markets, and Political Economy
Political Geography:: United States

63. Saakashvili Pulled the Trigger: Turkey between Russia and Georgia

Author:: Hasan Ali Karasar
Publication Date:: 08-2008
Content Type:: Policy Brief
Institution:: SETA Foundation for Political, Economic and Social Research
Abstract:: Turkey has been involved, historically and demographically, with many of the regions of “frozen conflict” in post-Soviet space. At this point, one might consider the position of Turkey as being at the epicenter of Euro-Atlantic and Russian extremes concerning the frozen conflicts. Georgia, since 1991, has been considered a valuable “strategic partner” by Turkey for several reasons. Turkish Prime Minister Tayyip Erdogan's Caucasus Pact idea is a good opportunity to create an inclusive (Russia, Turkey, Georgia, Armenia, and Azerbaijan) new foreign policy approach at this stage. This approach should be merged with the representation of all the frozen or unfrozen conflict areas, peoples, ethnic groups and regions included under the roof of such an alliance.
Topic:: NATO and International Political Economy
Political Geography:: Russia, United States, Europe, Turkey, Middle East, Asia, Armenia, Azerbaijan, and Georgia

64. Special Report No. 205: Why We Should Still Study the Cuban Missile Crisis

Author:: Michael Dobbs
Publication Date:: 06-2008
Content Type:: Working Paper
Institution:: United States Institute of Peace
Abstract:: Some scholars have questioned the utility of studying the Cuban missile crisis as a model for executive decision making during times of crisis, arguing that it offers little guidance for policymakers today. Many accounts of the missile crisis are incomplete, inaccurate, and too narrowly focused on the “rational actors” at the center of the drama while overlooking the “irrational actors.” Nonetheless, the Cuban missile crisis remains the best-documented study of presidential decision making at a time of supreme national danger. It offers policymakers and students of history unique insights into the interplay between the debates in the Oval Office and fast-moving events in the rest of the world. For decades, the Cuban missile crisis has been studied and analyzed as a case study in presidential power and crisis management. It is better understood as an example of the limits of presidential power and the haphazard returns of crisis management. The missile crisis illustrates the sometimes pivotal role of personality in politics. Had someone else been president in October 1962, the outcome could have been very different.
Topic:: Cold War, International Political Economy, and Nuclear Weapons
Political Geography:: United States and Cuba

65. PolicyWatch #1394: Increasing Pressure on Iranian Opposition in Iraq

Author:: Raymond Tanter
Publication Date:: 08-2008
Content Type:: Policy Brief
Institution:: The Washington Institute for Near East Policy
Abstract:: Throughout summer 2008, Iraqi politicians tied to Tehran have put increasing political pressure on the U.S. government to allow Baghdad to control Camp Ashraf, the base housing Iran's main opposition -- the Mujahedin e Khalq (MEK). Options regarding Iraqi-based MEK members are limited, but include the following: sending them to the United States; allowing them to stay in Iraq under Iraqi control; dispersing them to surrounding countries, including Iran; or maintaining the status quo with the continued protection of the U.S. military. Since each option is problematic, finding a solution is neither easy nor simple.
Topic:: International Political Economy
Political Geography:: United States, Iraq, Iran, and Middle East

66. Russia vs Georgia: The Fallout - Europe Report N°195

Publication Date:: 08-2008
Content Type:: Working Paper
Institution:: International Crisis Group
Abstract:: The Russia-Georgia conflict has transformed the contemporary geopolitical world, with large consequences for peace and security in Europe and beyond. Moscow's initial moves into South Ossetia as large-scale violence broke out there on 7-8 August were in part a response to a disastrous miscalculation by a Georgian leadership that was impatient with gradual confidence building and a Russian-dominated negotiations process. But Russia's disproportionate counter-attack, with movement of large forces into Abkhazia and deep into Georgia, accompanied by the widespread destruction of economic infrastructure, damage to the economy and disruption of communications and movement between different regions of the country, constitutes a dramatic shift in Russian-Western relations. It has undermined regional stability and security; threatened energy corridors that are vital for Europe; made claims with respect to ethnic Russians and other minorities that could be used to destabilise other parts of the former Soviet Union, with Ukraine a potential target; and shown disregard for international law.
Topic:: NATO, International Political Economy, and War
Political Geography:: Russia, United States, Europe, Ukraine, Asia, Soviet Union, Moscow, Georgia, South Ossetia, and Abkhazia

67. Ahmedinejad's Visit to Turkey: Two Neighbors Oscillate between Threat and Friendship

Author:: Nasuhi Gungor
Publication Date:: 09-2008
Content Type:: Policy Brief
Institution:: SETA Foundation for Political, Economic and Social Research
Abstract:: This article considers the August 2008 visit to Turkey by Iranian President Mahmoud Ahmedinejad, and analyzes relations between Turkey and Iran in general. The tensions and crises that followed the 1979 Iranian Revolution are briefly presented in order to provide a better understanding of the present state of relations. Then we draw a picture of the situation after the Justice and Development Party (AKP) came to power in 2002, bringing widespread changes to Turkish foreign policy. We also call attention to Turkey's changing role in the regional balance of power, and to the significance of that role both in Turkey's relations with Iran and with the United States.
Topic:: Foreign Policy, Diplomacy, and International Political Economy
Political Geography:: United States, Iran, Turkey, and Middle East

68. Sovereign Wealth and Sovereign Power: The Strategic Consequences of American Indebtedness

Author:: Brad W. Setser
Publication Date:: 09-2008
Content Type:: Working Paper
Institution:: Council on Foreign Relations
Abstract:: In the 1870s, the scope of Great Britain's financial empire exceeded the scope of its political empire. Dependence on British investors sometimes was a precursor, though, to informal—or even formal— political control. When Egypt's khedive needed to raise cash to cover his personal debt to private British banks, he sold his large personal stake in the Suez Canal to the British state. Egypt's ruler did little better managing Egypt's public debt: difficulties making payments led Britain and France to assume control over Egypt's treasury and, by 1882, to full British political control.
Topic:: Economics, Government, International Political Economy, and International Trade and Finance
Political Geography:: Britain, United States, America, and Egypt

69. China's Role as a Trade Bridge for Expanding Regional and World Trade

Author:: Min Gong and Wenpu Li
Publication Date:: 10-2008
Content Type:: Working Paper
Institution:: Centre for International Governance Innovation
Abstract:: To understand China's trade relations with the US, Japan, and South Korea, we estimate a vector autoregressive model (VAR) model to investigate the trade interactions among these four countries using data from the period of the first quarter of 1993 to the fourth quarter of 2005. We find substantial Foreign Direct Investment (FDI)-induced indirect trade from Japan and Korea to the US through China, and between Japan and Korea through China. These indirect trade flows lead to increases in China's trade deficit with Japan and Korea as well as China's trade surplus with the US. The indirect trade flows through China also indicate the importance of China's role as a trade bridge. From the viewpoint of world trade growth, as a trade bridge, China contributes to the stable growth of the regional and world economies. However, China's role as a trade bridge may negatively affect its long-run economic growth.
Topic:: Globalization, International Political Economy, and International Trade and Finance
Political Geography:: United States, Japan, China, Asia, South Korea, and Korea

70. Program for the Study of Biofuels, Poverty and Food Security

Author:: Jikun Huang, Mark Rosengrant, Rosamond Naylor, Walter P. Falcon, David Victor, Kenneth Cassman, and Scott Rozelle
Publication Date:: 02-2007
Content Type:: Working Paper
Institution:: Walter H. Shorenstein Asia-Pacific Research Center
Abstract:: The recent global expansion of biofuels production is an intense topic of discussion in both the popular and academic press. Much of the debate surrounding biofuels has focused on narrow issues of energy efficiency and fossil fuel substitution, to the exclusion of broader questions concerning the effects of large-scale biofuels development on commodity markets, land use patterns, and the global poor. There is reason to think these effects will be very large. The majority of poor people living in chronic hunger are net consumers of staple food crops; poor households spend a large share of their budget on starchy staples; and as a result, price hikes for staple agricultural commodities have the largest impact on poor consumers. For example, the rapidly growing use of corn for ethanol in the U.S. has recently sent corn prices soaring, boosting farmer incomes domestically but causing riots in the streets of Mexico City over tortilla prices. Preliminary analysis suggests that such price movements, which directly threaten hundreds of millions of households around the world, could be more than a passing phenomenon. Rapid biofuels development is occurring throughout the developed and developing world, transforming commodity markets and increasingly linking food prices to a volatile energy sector. Yet there remains little understanding of how these changes will affect global poverty and food security, and an apprehension on the part of many governments as to whether and how to participate in the biofuels revolution.
Topic:: Agriculture, Development, Economics, Globalization, Government, International Political Economy, International Trade and Finance, and Poverty
Political Geography:: United States and Mexico

71. Defense Monitor, Civil Wars Turned Regional

Author:: Col. Daniel Smith
Publication Date:: 01-2007
Content Type:: Policy Brief
Institution:: Center for Defense Information
Abstract:: No conventional, state-sponsored opposing armies took to the field of battle in 2006. Nonetheless, the number of overt armed interventions by out-side powers in other nations civil wars increased, illustrating a trend away from conventional armed conflicts and toward more complex civil wars that increasingly transform into larger regional wars.
Topic:: Defense Policy, International Political Economy, and War
Political Geography:: United States

72. Contemporary Chinese Views of Europe

Author:: Karine Lisbonne-de Vergeron
Publication Date:: 11-2007
Content Type:: Working Paper
Institution:: Chatham House
Abstract:: Undoubtedly, the Chinese currently think of Europe, and of the European Union, primarily in economic terms. Since 2004, the EU has been China's first trading partner, accounting for 15% of its overall external trade in 2006, with a bilateral increase of 25% from 2005. Overall, bilateral trade between China and the EU has increased more than sixty-fold since 1978 to reach nearly €255 billion in 2006. In return, China is the EU's second largest trading partner, after the United States, and in 2006 became the largest source of EU imports, amounting to approximately €192 billion, or 14.4% of the total, a 21% increase from 2005. Over the same period, EU exports to China increased by 23% to approximately €63 billion.
Topic:: Civil Society, International Political Economy, and International Trade and Finance
Political Geography:: United States, China, Europe, and Asia

73. U.S. Energy Security and Oil Revenue Transparency

Publication Date:: 05-2007
Content Type:: Working Paper
Institution:: The Wilson Center
Abstract:: A diverse set of panelists addressed the challenges and opportunities presented by the growing importance of energy security as a central element of the U.S. foreign policy debate. The first panel featured speakers from the non-profit, private and financial sectors discussing the links between U.S. energy security and oil revenue transparency. All panelists focused on how a lack of transparency in energy transactions can contribute to both national instability in oil-rich nations and energy insecurity in oil-importing countries. Revenue transparency was seen by all as a critical first step in combating corruption. Panelists also noted the importance of conceiving of transparency in the broadest terms, to encompass budget transparency, contract transparency, reserves transparency, and transparency of concessions.
Topic:: Foreign Policy, Energy Policy, International Political Economy, and Oil
Political Geography:: United States

74. China's March on the 21st Century

Author:: Kurt M. Campbell and Willow Darsie
Publication Date:: 05-2007
Content Type:: Working Paper
Institution:: Aspen Institute
Abstract:: After a protracted period of uncertainty concerning the nature of the foreign policy challenges that are likely to confront the nation over the course of first half of the 21st century, twin challenges are now coming into sharper relief. For the next generation or more, Americans will be confronted by two overriding (and possibly overwhelming) challenges in the conduct of American foreign policy: how to more effectively wage a long, twilight struggle against violent Islamic fundamentalists, and at the same time cope with the almost certain rise to great power status of China.
Topic:: International Relations, Foreign Policy, Development, Economics, and International Political Economy
Political Geography:: United States, China, America, and Asia

75. U.S. Public and Private Funding of Independent Media Development Abroad

Author:: Peter Graves
Publication Date:: 12-2007
Content Type:: Working Paper
Institution:: National Endowment for Democracy
Abstract:: U.S. efforts to develop an independent media sector abroad are a relatively recent phenomenon. Both public and private funders have supported journalism training since World War II, but some of the most significant opportunities to develop the independent media sector came after the fall of the Berlin Wall in 1989 and the collapse of the Soviet Union in 1991. Since most media in Eastern European countries and the former Soviet republics were controlled by the state during the Cold War, the fall of communism spurred American interest in developing free and independent media in these countries as a building block toward transparent and democratic societies.
Topic:: Cold War and International Political Economy
Political Geography:: Russia, United States, and America

76. New rules for a new 'Great Game'

Author:: Anthony Bubalo and Mark P Thirlwell
Publication Date:: 11-2006
Content Type:: Policy Brief
Institution:: Lowy Institute for International Policy
Abstract:: Strongly growing demand for oil, the sharp run up in prices since mid-2003 and tight supply, have seen energy insecurity return to the international policy agenda. Fears have been raised that China's emergence as a voracious consumer of oil and gas and a keen competitor in global energy markets might imperil the largely cordial relationship that has developed between Beijing and Washington over the last decade. There is also a risk that the competition for energy resources could feed into the less than cordial relations between China and Japan. The purpose of this Policy Brief is to examine the risks that the competition for oil resources might pose for international security, focusing in particular on the relationships between the United States, Middle East oil producers and major Northeast Asian energy consumers, and to propose a mechanism for defusing some of the risks that this competition could entail.
Topic:: Energy Policy, International Organization, International Political Economy, and Oil
Political Geography:: United States, Japan, China, and Middle East

77. The Implications of China's Rise for Asia and Europe

Author:: Linda Jakobson
Publication Date:: 05-2006
Content Type:: Policy Brief
Institution:: Finnish Institute of International Affairs
Abstract:: China has in a very short time span embraced multilateral mechanisms to address a broad range of issues and avoided confrontation with the United States. Both stances have shaped Asian and European views of a rising China. At present, Asian and European leaders take China's word regarding its peaceful intentions as a rising power. However, Asian and European policy-makers tend to refrain from confronting China too strongly on issues sensitive to Beijing (poor implementation of intellectual property rights, disregard for human rights, etc). The more prosperous China grows, the less influence any other country will have over Beijing's policies. A rising China is a challenge to others because of its sheer size, its great need for imported energy, and the environmental degradation it causes due to its ongoing industrialization. The troubled relationship between China and Japan is one of increasing concern and could lead to aggravated tensions in East Asia.
Topic:: International Relations, Development, and International Political Economy
Political Geography:: United States, China, Europe, and Asia

78. Human Security on Foreign Policy Agendas. Changes, Concepts and Cases, INEF-Report 80

Author:: Tobias Debiel and Sascha Werthes
Publication Date:: 01-2006
Content Type:: Working Paper
Institution:: Institute for Development and Peace
Abstract:: When the United Nations Development Programme (UNDP) published its 1994 report, nobody expected that the human security concept outlined within it would attract so much attention from politicians and academics alike. This is all the more astonishing as the concept has provoked a lot of criticism ever since its first appearance due to its excoriated analytical ambiguity and its disputed political appropriateness.
Topic:: Security, Defense Policy, Human Rights, International Political Economy, and United Nations
Political Geography:: United States, Japan, Europe, and Asia

79. The Defense Monitor, “Wars decrease”

Author:: Col. Daniel Smith
Publication Date:: 06-2006
Content Type:: Policy Brief
Institution:: Center for Defense Information
Abstract:: Set against non-stop cable news broadcasts recounting the ongoing daily carnage in Iraq and the resurgent violence in Afghanistan, the headline “wars decrease” was a jolt.
Topic:: Defense Policy, International Political Economy, and War
Political Geography:: Afghanistan, United States, and Iraq

80. Foreign Investment and National Security: Getting the Balance Right

Author:: David M. Marchick and Alan P. Larson
Publication Date:: 07-2006
Content Type:: Working Paper
Institution:: Council on Foreign Relations
Abstract:: Despite the significant benefits that foreign investment brings to the U.S. economy, a recent poll by the Pew Research Center for the People and the Press found that 53 percent of Americans believe foreign ownership of U.S. companies is “bad for America,” a sentiment that reached a boiling point with the proposed acquisition of the U.S. port operations of P Steam Navigation Company by Dubai Ports World (DPW). The DPW case brought to the public's attention the little-known executive committee charged with reviewing the security risks of foreign investment—the Committee on Foreign Investment in the United States (CFIUS)—and ignited a flurry of congressional activity to change its mandate and operations under the Exon-Florio Amendment to the Defense Production Act of 1950.
Topic:: Security, International Political Economy, and International Trade and Finance
Political Geography:: United States, America, and Dubai

81. Is the Food Model Changing?

Author:: Martin Kenney
Publication Date:: 05-2006
Content Type:: Working Paper
Institution:: Berkeley Roundtable on the International Economy
Abstract:: Consumers offered mediocre quality food – Supersized with chemicals, sugar and lipids Provide ever more highly engineered foods – e.g., Pork with Omega-3 engineered into it Ignore consumer's desires for safety such as BSE testing Government run for the food and chemical industry -- little regulation, low standards – US government welfare keeps this alive.
Topic:: Government, Health, and International Political Economy
Political Geography:: United States

82. Political Conditionality of Economic Interactions in the Middle East; Turkey's Relations with Iran, Iraq, and Syria

Author:: Mustafa Aydin and Damla Aras
Publication Date:: 06-2004
Content Type:: Journal Article
Journal:: Uluslararasi Iliskiler
Institution:: Uluslararasi Iliskiler
Abstract:: The political logic (i.e., political perceptions of the ruling elite in a given country and nature of the political relations with other countries) determines economic activity, not the other way around, among the proto-capitalist states of the Middle East. As the political ties has primacy in the region in determining the course of economic relations, even market oriented democratic (or quasi-democratic) countries have to accept the prominence of political-strategic relations when dealing with such states. This paper will examine the interrelated fluctuation of trade and political tensions between Turkey and its immediate Middle Eastern neighbours - Iran, Iraq, and Syria. It will highlight the political determinants of the relationship between these countries; will discuss the role of the US as the independent variable; and will assess the possible effects of the emergence of Justice and Development Party government in Turkey on country's political and economic relations with its Middle Eastern neighbours.
Topic:: International Relations, Economics, and International Political Economy
Political Geography:: United States, Iraq, Europe, Iran, Turkey, Middle East, and Syria

83. Cross-Strait Relations: A Time for Careful Management

Author:: Richard Bush
Publication Date:: 04-2003
Content Type:: Working Paper
Institution:: The Brookings Institution
Abstract:: On the face of it, relations between China and Taiwan have improved significantly since the saber-rattling of 1999 and 2000. Economic relations have never been better. Two-way trade is around $40 billion annually, and the Mainland has become Taiwan's largest export market, displacing the United States. Taiwan companies continue to invest in the PRC at record rates, in order to keep their products competitive through cheaper Chinese labor. The product mix of Taiwan factories on the mainland is shifting from items like shoes and toys to high-end goods like semi-conductors and notebook computers. As machinery moves, so do people, and the number of Taiwan people living most of the time in the PRC is hundreds of thousands. With this growing economic interaction come shared interests and better mutual understanding. Neither side would benefit from conflict, and both know it. The chance of growing tensions seems low.
Topic:: Economics, International Political Economy, and International Trade and Finance
Political Geography:: United States, Taiwan, and Asia

84. Crisis on the Korean Peninsula

Author:: Richard Bush, Dean Nowowiejski, and Tomatsu Nakano
Publication Date:: 04-2003
Content Type:: Working Paper
Institution:: The Brookings Institution
Abstract:: Most signs during the late summer and early fall of 2002 pointed to progress on the Korean peninsula. North Korean leader Kim Jong Il had finally grasped, it appeared, the need for international moderation and domestic reform. The United States seemed ready to respond in kind. But with the visit to Pyongyang in October of U.S. Assistant Secretary of State James Kelly – the first high-level contact since the Bush Administration came into office – the situation quickly unraveled. Instead of offering the “bold initiative” that was reportedly in the works, Kelly confronted his interlocutors with evidence that their government had mounted a new, clandestine uranium-based nuclear program. The North Koreans refused to disavow the program and insisted on their right to nuclear weapons. Kelly responded that the United States would not engage the DPRK unless and until it abandoned the program. The status of the 1994 U.S.-DPRK Agreed Framework, which had capped North Korea's plutonium-based program in return for international assistance in meeting its civilian energy needs, was uncertain at best. The Korean Peninsula Energy Development Organization (KEDO), the mechanism for providing that aid, stopped heavy fuel oil shipments to North Korea at the end of 2002 at American insistence.
Topic:: Economics, International Political Economy, and International Trade and Finance
Political Geography:: United States, Asia, Korea, and Sinai Peninsula

85. Reauthorize or Retire the Overseas Private Investment Corporation?

Author:: Ian Vásquez and John Welborn
Publication Date:: 09-2003
Content Type:: Policy Brief
Institution:: The Cato Institute
Abstract:: The Overseas Private Investment Corporation is a government agency that provides loans and investment insurance to U.S. companies doing business around the world. Its four-year, renewable charter will expire in September 2003. Proponents of OPIC claim that the agency helps the U.S. economy and promotes economic development abroad.
Topic:: Economics, International Political Economy, and International Trade and Finance
Political Geography:: United States

86. The Chinese Economy: WTO, Trade, and U.S.-China Relations

Author:: Barry Naughton
Publication Date:: 01-2003
Content Type:: Working Paper
Institution:: Aspen Institute
Abstract:: The Chinese economy is showing extraordinary dynamism, which partly reflects the early impact of the commitments in China's WTO accession agreement to liberalize the economy. Incoming foreign investment has increased, and trade has grown rapidly. At the same time, China is grappling with serious economic problems that may worsen in the near future. The most difficult problem in crafting China policy is deciding how to respond flexibly to this extraordinary mixture of dynamism and fragility. Rapid growth gives the Chinese economy remarkable resilience; but deep-seated institutional weakness and stubborn problems of poverty and unemployment create dangers of social and economic disruption. An effective U.S. China policy must navigate between the extremes of over-estimating China's current economic strength and under-estimating her potential.
Topic:: Economics, International Political Economy, and International Trade and Finance
Political Geography:: United States, China, and Asia

87. International — Global Economy

Publication Date:: 04-2002
Content Type:: Policy Brief
Institution:: Oxford Analytica
Abstract:: A textbook approach to economic growth suggests the world is in for a difficult period. However, there are reasons to believe that the global economy will defy convention. The global economy will continue to support US external imbalances for the medium term, barring marked deterioration in certain areas of US weakness. However, European integration and Asian development could provide alternative sources of global demand, relieving the current imbalance of global dependence on the US economy.
Topic:: Economics, International Political Economy, and International Trade and Finance
Political Geography:: United States and Europe

88. International — Steel Fortress

Publication Date:: 03-2002
Content Type:: Policy Brief
Institution:: Oxford Analytica
Abstract:: The United States on March 5 announced tariffs on the vast majority of US steel imports. Despite rumours that he would impose moderate duties, US President Bush levied 30% tariffs on the types of steel accounting for about three-quarters of steel imports. Given that these duties follow hundreds of anti-dumping duties imposed on steel products over the past three years, the decision means that virtually no foreign steel will be sold in the United States. It will also have a host of unforeseen international consequences.
Topic:: Foreign Policy, Economics, International Political Economy, and International Trade and Finance
Political Geography:: United States

89. Linkage and Legalism in Institutions: Evidence From Agricultural Trade Negotiations

Author:: Christina Davis
Publication Date:: 02-2001
Content Type:: Working Paper
Institution:: Weatherhead Center for International Affairs, Harvard University
Abstract:: In a comparative study of Japanese and European trade policy, this paper explains how the institutional context of negotiations affects political outcomes. I examine two pathways by which negotiation structure promotes liberalization: issue linkage and legal framing. Broadening stakes through issue linkage mobilizes domestic lobbying for liberalization. Use of GATT/WTO trade law in dispute settlement legitimizes arguments favoring liberalization. This study on international institutions addresses the theoretical debates in the field regarding how interdependence and the legalization of international affairs change the nature of state interaction.
Topic:: International Political Economy and International Trade and Finance
Political Geography:: United States, Japan, Europe, and Israel

90. International — IMF Crisis Decisions

Publication Date:: 11-2001
Content Type:: Policy Brief
Institution:: Oxford Analytica
Abstract:: The IMF's major shareholders have shown little willingness to provide new funds to Argentina. In deferring further assistance, the United States and other G7 shareholders have set limits on the international financial community's role in resolving a major emerging market financial crisis. The slowing global economy could provide an early test of these limits as it exposes weaknesses in other emerging markets — particularly those with larger geopolitical profiles than Argentina. Argentina's predicament highlights the Fund's paradox in wanting, on the one hand, to facilitate orderly resolution of crises (and prevent calamitous social impacts) and, on the other hand, to encourage markets to appropriately price risk by proving that non-optimal outcomes are possible. The risk of such outcomes is the basis upon which investors demand higher premiums from emerging market borrowers.
Topic:: International Organization, International Political Economy, and International Trade and Finance
Political Geography:: United States and Argentina

91. Report from Havana: Time for a Reality Check on U.S. Policy toward Cuba

Author:: Jonathan G. Clarke and William Ratliff
Publication Date:: 10-2001
Content Type:: Working Paper
Institution:: The Cato Institute
Abstract:: Official U.S. and Cuban depictions of the effects of the U.S. embargo differ notably from Cuban economic reality. This report, based on the authors' recent visits to Havana and interviews with top Cuban officials, dissidents, and other private citizens, shows that the embargo is not responsible for Cuba's poor economic condition—as Havana claims—nor has it been effective at achieving Washington's goal of isolating the Cuban regime.
Topic:: Economics, International Political Economy, and International Trade and Finance
Political Geography:: United States, Cuba, Latin America, Caribbean, and Havana

92. Lebanon: Between Hong Kong And Hanoi

Author:: Yossi Baidatz
Publication Date:: 03-2001
Content Type:: Policy Brief
Institution:: The Washington Institute for Near East Policy
Abstract:: In recent weeks, a simmering debate between the two major power centers in domestic Lebanese politics has spilled into public view. This debate pits newly installed Prime Minister Rafiq Hariri, who represents those who want Lebanon to take advantage of Israel's withdrawal from southern Lebanon to focus on internal stability, economic reconstruction and securing foreign investment, against Hizballah leader Shaykh Hassan Nasrallah, who — with the support of Syria and Iran — champions maintaining Lebanon's role on the front line of the ongoing revolutionary resistance against Israel. This tension was described in the Lebanese newspaper an-Nahar as the choice between "Hanoi" (Nasrallah) and "Hong Kong" (Hariri). As with most Middle East crises, the development of this delicate and flammable dispute carries both risks and opportunities for Lebanon and other players on the Middle East scene.
Topic:: International Relations, Security, Foreign Policy, Economics, International Political Economy, Politics, and Terrorism
Political Geography:: United States, Europe, Iran, Middle East, Israel, Syria, and Hong Kong

93. The Growth and Development of the Internet in the United States

Author:: Martin Kenney
Publication Date:: 06-2001
Content Type:: Working Paper
Institution:: Berkeley Roundtable on the International Economy
Abstract:: Rarely does a new technology emerge that galvanizes a dramatic rethinking of the nature of commerce. The Internet is such a technology. At this early stage, it is difficult to appreciate fully the importance of the Internet, but some speculate it might be as momentous as the arrival of the telegraph (Cohen et al. 2000; Standage 1999). Radically new communication technologies such as the Internet have multiple applications and often become ubiquitous. As such, the adoption, diffusion, and development of this new technology provide an especially penetrating view of how different national innovation systems have responded to and shaped the commercial possibilities inherent in the Internet. Of course, such an assessment for an economy as large as that of the U. S. is difficult. It is further complicated by the peculiar way in which communications technologies permeate and facilitate connections and relationships. Often the action of such technologies is imperceptible to most of the actors involved and even to aggregate statistics; e. g., better information transfer between customers and suppliers is not manifested in the finished good, though it is embodied in the good in terms of lower cost and/ or higher quality. Given the diffuse nature and the speed of the Internet's evolution, any analysis can only be tentative.
Topic:: International Political Economy, International Trade and Finance, and Science and Technology
Political Geography:: United States

94. Creating an Environment: Developing Venture Capital in India

Author:: Rafiq Dossani and Martin Kenney
Publication Date:: 04-2001
Content Type:: Working Paper
Institution:: Berkeley Roundtable on the International Economy
Abstract:: In the last decade, one of the most admired institutions among industrialists and economic policy makers around the world has been the U. S. venture capital industry. A recent OECD (2000) report identified venture capital as a critical component for the success of entrepreneurial high-technology firms and recommended that all nations consider strategies for encouraging the availability of venture capital. With such admiration and encouragement from prestigious international organizations has come various attempts to create an indigenous venture capital industry. This article examines the efforts to create a venture capital industry in India.
Topic:: International Political Economy, International Trade and Finance, and Science and Technology
Political Geography:: United States and India

95. Globalization and Its Impact Across Sectors

Author:: Gerald A. Hendrickson
Publication Date:: 03-2000
Content Type:: Working Paper
Institution:: International Studies Association
Abstract:: Globalization is not a topic that immediately attracts the attention of most public administrators. However, understanding the implications of globalization for labor markets across economic sectors can affect the way public sector managers approach personnel planning. This paper attempts to enhance this understanding in three ways. It will carefully examine some of the issues around globalization, subject the ideas from the dominant perspectives to empirical testing and propose alternative hypotheses. In the end, the mission of this paper is to provide some insight into the kind of labor environment that public sector managers will encounter as their plans come to fruition in the future.
Topic:: Economics, Globalization, and International Political Economy
Political Geography:: United States

96. Domestic Politics and International Relations in Trade Policymaking: The United States and Japan in the GATT Uruguay Round Agriculture Negotiations

Author:: Christopher C. Meyerson
Publication Date:: 03-2000
Content Type:: Working Paper
Institution:: International Studies Association
Abstract:: This paper is circulated for discussion and comment only and should not be quoted without permission of the author. Linked to efforts to promote trade liberalization through trade negotiations has been the recognition of the need not only to better understand the relationship between domestic politics and international relations in American trade policymaking, but also to analyze more effectively the relationship between domestic politics and international relations in other countries' trade policymaking processes.
Topic:: International Political Economy, International Trade and Finance, and Politics
Political Geography:: United States, Japan, America, and Israel

97. Domestic Politics and International Relations in Trade Policymaking: The United States and Japan and the Gatt Uruguay Round Agriculture Negotiations

Author:: Christopher C. Meyerson
Publication Date:: 02-1999
Content Type:: Working Paper
Institution:: International Studies Association
Abstract:: This paper is circulated for discussion and comment only and should not be quoted without permission of the author. Linked to American efforts to achieve trade liberalization through trade negotiations has been the recognition of the need not only to improve American trade policymaking processes, but also to analyze more effectively other countries' trade policymaking processes. In order to address these needs, this paper, which is a summary of my Columbia University Political Science dissertation, develops a contextual two-level game approach that can be used to analyze trade policymaking.
Topic:: International Political Economy, International Trade and Finance, and Politics
Political Geography:: United States, Japan, America, East Asia, and Colombia

98. Buck Rogers or Rock Throwers?

Publication Date:: 10-1999
Content Type:: Working Paper
Institution:: Board of Governors of the Federal Reserve System
Abstract:: About 150 participants, including an international gathering of experts, examined whether and how technology may be leading to a paradigm shift in the nature and conduct of warfare, a shift that has been generally categorized as a "revolution in military affairs" (RMA).They concluded: The United States is the far—and—away leader in this drive. In fact, the United States is the only country intent on achieving a high technology RMA. No country is likely to match the United States in the broad—based technological sophistication of its military capabilitiesor even to try. US successes in developing RMA capabilities will drive potential adversaries toward asymmetric responses including weapons of mass destruction and information warfare. Some countries probably would be able to pose serious operational and strategic challenges to the United States by acquiring military technologies and capabilities that were in their eyes, "good enough." Also, countries can exploit "sidewise" technologies—old by US standards but still new to many other countries—to pose significant security threats and complicate US military operations. These technologies, if employed in a "novel" operational manner rather than high-end technologies, could drive development of the next RMA. Participants believe that—of the countries considered for discussion—China, Russia, India, and Australia have the greatest potential to achieve an RMA, should they decide to pursue the option.
Topic:: Conflict Prevention, Security, International Political Economy, and Sovereignty
Political Geography:: Russia, United States, China, and Australia

99. On the Regulation of Telecommunications Markets

Author:: Manfred J. Holler
Publication Date:: 08-1999
Content Type:: Working Paper
Institution:: United Nations University
Abstract:: This paper discusses the theoretical concepts underlying recent developments in the regulation of telecommunications in Europe, the USA and developing countries with respect to efficiency and welfare. It focuses on analysing standardization problems, pricing rules and entry condition related to networks and network effects and derives preliminary policy recommendations for the telecommunications industry through a discussion of network models and related empirical evidence.
Topic:: Emerging Markets, International Political Economy, and Science and Technology
Political Geography:: United States and Europe

100. Resource-Led Growth — A Long-Term Perspective: The Relevance of the 1870-1914 Experience for Today's Developing Economies

Author:: Ronald Findlay and Mats Lundahl
Publication Date:: 07-1999
Content Type:: Working Paper
Institution:: United Nations University
Abstract:: Resource-Led Growth – A Long-Term Perspective surveys the 1870-1914 experience of growth in resource-rich economies: the so-called regions of recent settlement, some tropical countries and some mineral-based export economies. First, three contrasting stylized views of resource-led development are presented. Thereafter the picture of international trade in primary products and the migration of production factors between 1870 and 1914 is sketched. The third section presents some models that may be used to analyse trade and factor movements in the context of resource-rich (staples) economies and provides some details of the experience of fifteen countries: Canada, the United States, Australia and Argentina among the regions of recent settlement, Brazil, Costa Rica, Colombia, Ceylon, Malaya, Burma, Siam and the Gold Coast in the tropical group, and Bolivia, Chile and South Africa among the mineral exporters.
Topic:: Economics, Environment, and International Political Economy
Political Geography:: United States, Canada, South Africa, Burma, Chile, and Bolivia

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COLUMBIA UNIVERSITY PRESS