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101. The Developmental Legacies of the Bifurcated Colonial State: Statistical Evidence from Sixty-Seven British, French, and Portuguese Colonies

Author:
Olukunle P. Owolabi
Publication Date:
04-2017
Content Type:
Working Paper
Institution:
Kellogg Institute for International Studies
Abstract:
This paper examines the impact of bifurcated colonial institutions—i.e. the use of distinctive legal codes for “native” vs. “settler” populations—for long-term development in 67 former British, French, and Portuguese colonies. Building on theoretical arguments by Mahmood Mamdani (1996) and Matthew Lange’s empirical research on the distinctive developmental legacies of direct vs. indirect British rule, I develop a new measure of legal-administrative bifurcation in French and Portuguese colonies. Consistent with Mamdani’s theoretical arguments, the statistical models in this paper demonstrate that bifurcated colonial institutions contributed to poor development outcomes and ineffective postcolonial governance among British, French, and Portuguese colonies alike. Regardless of the colonizing power, directly ruled colonies with a uniform and inclusive legal-administrative framework have better development outcomes than bifurcated colonial states that maintained distinctive “native” legal codes for indigenous populations. These results are robust to a variety of statistical controls, as well as to instrumental variable analysis, highlighting the enduring legacy of colonial institutions for human well-being and governmental effectiveness today.
Topic:
Post Colonialism and Global Political Economy
Political Geography:
Global Focus

102. ASEAN as an FDI Attractor: How Do Multinationals Look at ASEAN?

Author:
Masahito Ambashi
Publication Date:
01-2017
Content Type:
Policy Brief
Institution:
Economic Research Institute for ASEAN and East Asia (ERIA)
Abstract:
This policy brief presents an overview of the ASEAN economy in terms of its economic relationship with multinationals, particularly Japanese companies, that have long invested in this region. ASEAN has been an attractor of foreign direct investment (FDI). Business interest in ASEAN has increased again recently due to the (i) relatively low wage of ASEAN compared to China, (ii) establishment of the ASEAN Economic Community (AEC), (iii) economic partnership network with a core of ASEAN countries, (iv) large-scale market covered by ASEAN, and (v) rise of CLMV countries (Cambodia, Lao PDR, Myanmar, and Viet Nam). In these trends, ASEAN has established a reciprocal economic relationship with other countries and regions. To develop its economy, ASEAN member states are expected to further advance the AEC at a high level. Hence, ASEAN must address challenges such as deepening further economic integration and narrowing development gaps in the region. Most importantly, ASEAN still needs to increase the attractiveness of its 'whole region' as an essential and integral part of global value chains to draw further FDI.
Topic:
Economics, International Political Economy, International Trade and Finance, and Global Political Economy
Political Geography:
Japan and Southeast Asia

103. Latin America at a Crossroads

Author:
Antonella Mori and Loris Zanatta
Publication Date:
02-2017
Content Type:
Special Report
Institution:
Italian Institute for International Political Studies (ISPI)
Abstract:
Latin America is at a crossroads. The “golden age” inaugurated with the turn of the new millennium seems a faint memory. Economies that had grown at a steady pace are now slowing down, while some are in freefall. Politically, the “pink tide” of populist movements is now ebbing. From Brazil to Venezuela, from Argentina to Bolivia, left-leaning leaders across the region seem to have lost their bond with the people. Their promises of an equitable society through an apparently never-ending redistribution of wealth crashed against the reality of shortsighted and unsustainable policies. Political and social turmoil are heralding an era of changes and – maybe – of new opportunities for Latin America. And this ‘great transformation’ is precisely what this volume is all about. Where is it leading to? Does it mark the beginning of a new age? Which lessons can be learnt from the past? Leading international scholars and experts scratch beneath the surface of Latin America’s current crisis to have a clearer glimpse of what the future holds and draw policy recommendations, especially for the EU.
Topic:
Reform, Economic structure, and Global Political Economy
Political Geography:
Latin America and European Union

104. How not to create zombie banks: lessons for Italy from Japan

Author:
Mark Hallerberg and Christopher Gandrud
Publication Date:
03-2017
Content Type:
Policy Brief
Institution:
Bruegel
Abstract:
Japan serves as a cautionary tale for Italy on how to clean up banking-sector problems. A general lesson is the need for policies to forthrightly address non-performing loans (NPLs) in countries with widespread banking problems. This helps address zombie banks and sluggish economic growth. The Japanese experience indicates that three elements are necessary to address NPLs: (a) sufficiently capitalised banks that can take losses from NPL write-downs; (b) an independent regulator that can identify problems and force action; and (c) tools to manage the orderly disposal of NPLs. The problem is not that this combination of policy tools is unknown, but that banks and governments lack incentives to use them in combination. Italy’s December 2016 package providing €20 billion for recapitalisation of banks is a step in the right direction. Similarly, pressure from the European Central Bank on Italian authori- ties and on banks to address NPLs is welcome. However, policy tools to manage and dispose of NPLs and, just as importantly, incentives to use them, are lacking. In January 2017, the European Banking Authority published a set of policy proposals for NPL resolution. Those include national and European-level public asset management companies (AMC), also known as ‘bad banks’. We argue that in Italy, the incentives to use such tools and dispose of NPLs have been weak.
Topic:
International Trade and Finance, Political Economy, Economic structure, and Global Political Economy
Political Geography:
Japan and Italy

105. Too Big to Fail: Egypt’s Large Enterprises After the 2011 Uprising

Author:
Amr Adly
Publication Date:
03-2017
Content Type:
Research Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
Large private enterprises are vital to Egypt’s economy and stability. After the 2011 uprising, they lost political sway due to their ties to the regime of former president Hosni Mubarak. However, Egypt’s economic crisis pushed successive regimes to reverse measures taken against these enterprises, affirming their role in economic revitalization. Though cut off from patronage networks after Egypt’s 2013 coup, enterprises are more autonomous from the state today. This may create advantageous openings if the state’s dependence on them grows.
Topic:
International Affairs, Global Markets, and Global Political Economy
Political Geography:
Egypt

106. India’s Trade Policy Dilemma and the Role of Domestic Reform

Author:
Hardeep.S Puri
Publication Date:
02-2017
Content Type:
Research Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
India faces significant challenges in the area of trade policy— the global economic slowdown, increasing protectionism, the stalled mega-trade deals that could in time be revived, and perhaps more important, its own domestic preoccupations. For India to achieve its policy objectives, the government and industry, particularly the manufacturing sector, must prepare for opportunities and greater engagement in an evolving multilateral trade arena. India’s priorities should include taking policy measures to conform to global standards and supporting the World Trade Organization (WTO) to relaunch multilateral negotiations.
Topic:
International Trade and Finance, Global Markets, and Global Political Economy
Political Geography:
India

107. Qatar: The Limits of Nouveau Riche Diplomacy

Author:
Gil Feiler and Hayim Zeev
Publication Date:
04-2017
Content Type:
Research Paper
Institution:
The Begin-Sadat Centre for Strategic Studies (BESA)
Abstract:
Under the leadership of Sheikh Hamad al-Thani (1995-2013), Qatar established itself as a regional mini superpower. It launched and subsidized the global media giant Al Jazeera, poured billions into its unrivalled liquefied natural gas infrastructure, made a successful bid for the 2022 FIFA World Cup, and diversified its economy through international acquisitions by its Qatari Investment Authority. This newfound wealth emboldened the emirate to attempt to broaden its diplomatic profile and extend its influence. And it is in this sphere that its maverick foreign policy, which at times spanned the world’s most fraught ideological lines, has led to increased tensions with its immediate neighbors and some unequivocal diplomatic disasters.
Topic:
Diplomacy, International Trade and Finance, and Global Political Economy
Political Geography:
Middle East

108. Cost of Aging

Author:
Ronald Lee and Andrew Mason
Publication Date:
03-2017
Content Type:
Commentary and Analysis
Institution:
East-West Center
Abstract:
In advanced economies around the world, population growth is slowing down and populations are growing older. Economic growth is also slowing, at least in part because of the slow growth of the labor force and of populations as a whole—despite immigration. Many empirical studies have found that gross domestic product (GDP) growth slows roughly one to one with declines in labor-force and population growth—a disquieting prospect for the United States and for advanced economies in Asia and Europe. If there are fewer workers to support a growing elderly population and worker productivity remains the same, either consumption must be reduced or labor supply increased—for example, through later retirement. By 2050, the projected slowdown in growth of the labor supply could lead to a drop in consumption of 25 percent in China, 9 percent in the United States, and 13 percent in other high-income countries. The situation could be improved, however, by a rise in labor-force productivity. In fact, standard growth models predict that slower population growth will lead to rising output and wages per worker. The underlying question is whether this higher output per worker will be sufficient to offset the rise in the number of dependents per worker as the population ages. To help answer this question, this article looks more closely at how economic activity varies by age, drawing on national transfer accounts, which measure how people at various ages produce, consume, and save resources. This analysis shows that GDP and national income growth will most certainly slow down as populations age, but the effect on individuals—as measured by per capita income and consumption—may be quite different.
Topic:
International Relations and Global Political Economy
Political Geography:
Global Focus

109. Managing Conflicts of Interest in the NHS: A Consultation SUBMISSION FROM TRANSPARENCY INTERNATIONAL UK’S PHARMACEUTICALS & HEALTHCARE PROGRAMME

Author:
Transparency International
Publication Date:
01-2017
Content Type:
Special Report
Institution:
Transparency International
Abstract:
In this submission, Transparency International UK’s Pharmaceuticals & Healthcare Programme provides a response to NHS England’s Managing Conflicts of Interest in the NHS: A Consultation. The UK spends 9.9% of GDP on public and private healthcare, with private expenditure only accounting for 1.5%.1 The NHS England annual budget alone is set to rise to £120 billion with the vast majority being spent on equipment and services.2 The complex nature of the health system, a lack of adequate oversight and this level of resources makes the health sector highly vulnerable to conflicts of interest. Improving the transparency of interactions between NHS staff and other individuals and organisations, and minimising the variation in conflicts of interest rules across the NHS, is vital to fighting corruption.
Topic:
Health and Global Political Economy
Political Geography:
Britain

110. After the TPP: What’s Next for Canada in Asia?

Author:
Hugh Stephens
Publication Date:
04-2017
Content Type:
Policy Brief
Institution:
Canadian Global Affairs Institute (CGAI)
Abstract:
The Trump administration’s arrival has scrambled the cards in the trade policy world. Not only will the North American Free Trade Agreement (NAFTA) be reopened with uncertain results, but President Donald Trump has scuttled the Trans-Pacific Partnership (TPP) by announcing the United States’ withdrawal from the agreement. Canada, originally cool toward the TPP, pushed hard to be included in it. The TPP became the centrepiece of Canada’s Asia trade strategy, notwithstanding some public ambivalence on the part of the Trudeau government. With the TPP in its present form now in limbo, Canada still has options in Asia. First, it can keep an open mind with regard to the possible reconstitution of the TPP in another form, such as “TPP Minus One” (i.e., minus the U.S.). It should also push to reopen the bilateral negotiations with Japan that were suspended when that country joined the TPP negotiations. Canada is already exploring the possibility of an economic partnership agreement with China, perhaps on a sectoral basis, and simultaneously, it should actively pursue negotiation of a free trade agreement with the Association of Southeast Asian Nations (ASEAN) community. This could in time provide Canada access to the Regional Comprehensive Economic Partnership Agreement (RCEP) currently being negotiated among 16 countries in the Asia-Pacific region and would position Canada well in the eventuality that a Free Trade Area of Asia-Pacific (FTAAP) emerges. In the meantime, uncertainty regarding NAFTA’s future needs to be addressed. This uncertainty makes it more difficult for Canada to attract Asian investment but it also provides further impetus for Canada to diversify its trading relationships and to explore stronger relationships with Asian economies.
Topic:
International Affairs and Global Political Economy
Political Geography:
Canada and Asia

111. Measuring Rents from Public Employment: Regression Discontinuity Evidence from Kenya - Working Paper 457

Author:
Justin Sandefur, Tessa Bold, and Nicholas Barton
Publication Date:
06-2017
Content Type:
Working Paper
Institution:
Center for Global Development (CGD)
Abstract:
Public employees in many developing economies earn much higher wages than similar private-sector workers. These wage premia may reflect an efficient return to effort or unobserved skills, or an inefficient rent causing labor misallocation. To distinguish these explanations, we exploit the Kenyan government’s algorithm for hiring eighteen-thousand new teachers in 2010 in a regression discontinuity design. Fuzzy regression discontinuity estimates yield a civil-service wage premium of over 100 percent (not attributable to observed or unobserved skills), but no effect on motivation, suggesting rent-sharing as the most plausible explanation for the wage premium.
Topic:
Employment and Global Political Economy
Political Geography:
Kenya

112. The Labor Market Effects of Refugee Waves: Reconciling Conflicting Results

Author:
Michael Clemens and Jennifer Hunt
Publication Date:
05-2017
Content Type:
Working Paper
Institution:
Center for Global Development (CGD)
Abstract:
An influential strand of research has tested for the effects of immigration on natives’ wages and employment using exogenous refugee supply shocks as natural experiments. Several studies have reached conflicting conclusions about the effects of noted refugee waves such as the Mariel Boatlift in Miami and post-Soviet refugees to Israel. We show that conflicting findings on the effects of the Mariel Boatlift can be explained by a sudden change in the race composition of the Current Population Survey extracts in 1980, specific to Miami but unrelated to the Boatlift. We also show that conflicting findings on the labor market effects of other important refugee waves can be produced by spurious correlation between the instrument and the endogenous variable introduced by applying a common divisor to both. As a whole, the evidence from refugee waves reinforces the existing consensus that the impact of immigration on average native-born workers is small, and fails to substantiate claims of large detrimental impacts on workers with less than high school.
Topic:
Refugee Issues, Financial Markets, and Global Political Economy
Political Geography:
Global Focus

113. Gender Matters in Economic Empowerment Interventions: A Research Review

Author:
Mayra Buvinic and Megan O'Donnell
Publication Date:
05-2017
Content Type:
Working Paper
Institution:
Center for Global Development (CGD)
Abstract:
A review of the recent evaluation evidence on financial services and training interventions questions their gender neutrality and suggests that some design features in these interventions can yield more positive economic outcomes for women than for men. These include features in savings and ‘Graduation’ programs that increase women’s economic self-reliance and self-control, and the practice of repeated micro borrowing that increases financial risk-taking and choice. ‘Smart’ design also includes high quality business management and jobs skills training, and stipends and other incentives in these training programs that address women’s additional time burdens and childcare demands. Peer support may also help to increase financial risk taking and confidence in business decisions, and may augment an otherwise negligible impact of financial literacy training. These features help women overcome gender-related constraints. However, when social norms are too restrictive, and women are prevented from doing any paid work, no design will be smart enough. Subjective economic empowerment appears to be an important intermediate outcome for women that should be promoted and more reliably and accurately measured. More research is also needed on de-biasing service provision, which can be gender biased; lastly, whenever possible, results should be sex-disaggregated and reported for individuals as well as households.
Topic:
Gender Issues, International Trade and Finance, and Global Political Economy
Political Geography:
Global Focus

114. Expanding Global Liquidity Insurance: Myths and Realities of the IMF’s Precautionary Credit Lines

Author:
Nancy Birdsall, Liliana Rojas-Suarez, and Anna Diofasi
Publication Date:
02-2017
Content Type:
Working Paper
Institution:
Center for Global Development (CGD)
Abstract:
Despite increasing volatility in the global economy, the uptake of the IMF’s two precautionary credit lines, the Flexible Credit Line (FCL) and the Precautionary and Liquidity Line (PLL), has remained limited—currently to just four countries. The two new lending instruments were created in the wake of the global financial crisis of 2008 to enable IMF member states to respond quickly and effectively to temporary balance of payment needs resulting from external shocks. Both credit lines offer immediate access to considerable sums—over 10 times a country’s IMF quota in some cases with no (FCL) or very limited (PLL) conditionality. This paper addresses four misconceptions (or ‘myths’) that have likely played a role in the limited utilization of the two precautionary credit lines: 1) too stringent qualification criteria that limit country eligibility; 2) insufficient IMF resources; 3) high costs of precautionary borrowing; and 4) the economic stigma associated with IMF assistance. We show, in fact, that the pool of eligible member states is likely to be seven to eight times larger than the number of current users; that with the 2016 quota reform IMF resources are more than adequate to support a larger precautionary portfolio; that the two IMF credit lines are among the least costly and most advantageous instruments for liquidity support countries have; and that there is no evidence of negative market developments for countries now participating in the precautionary lines.
Topic:
International Trade and Finance and Global Political Economy
Political Geography:
Global Focus

115. Fiscal Policy, Income Redistribution and Poverty Reduction in Low and Middle Income Countries

Author:
Nora Lustig
Publication Date:
01-2017
Content Type:
Working Paper
Institution:
Center for Global Development (CGD)
Abstract:
Current policy discussion focuses primarily on the power of fiscal policy to reduce inequality. Yet, comparable fiscal incidence analysis for 28 low and middle income countries reveals that, although fiscal systems are always equalizing, that is not always true for poverty. In Ethiopia, Tanzania, Ghana, Nicaragua, and Guatemala the extreme poverty headcount ratio is higher after taxes and transfers (excluding in-kind transfers) than before. In addition, to varying degrees, in all countries a portion of the poor are net payers into the fiscal system and are thus impoverished by the fiscal system. Consumption taxes are the main culprits of fiscally-induced impoverishment. Net direct taxes are always equalizing and indirect taxes net of subsidies are equalizing in nineteen countries of the 28. While spending on pre-school and primary school is pro-poor (i.e., the per capita transfer declines with income) in almost all countries, pro-poor secondary school spending is less prevalent, and tertiary education spending tends to be progressive only in relative terms (i.e., equalizing but not pro-poor). Health spending is always equalizing but not always pro-poor. More unequal countries devote more resources to redistributive spending and appear to redistribute more. The latter, however, is not a robust result across specifications.
Topic:
International Trade and Finance and Global Political Economy
Political Geography:
Global Focus

116. An Assessment of the Economic Impact of Brexit on the EU27

Author:
Michael Emerson
Publication Date:
03-2017
Content Type:
Commentary and Analysis
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
A team of economists at CEPS was commissioned by the Policy Department on Economic and Scientific Policies for the Committee on Internal Market and Consumer Protection to assess the likely economic impact of Brexit on EU27, together with some scenarios for the terms of the UK’s secession. For the EU 27, the losses were found to be virtually insignificant, and hardly noticeable in the aggregate. For the UK, however, the losses could be highly significant, with various estimates running up to ten times greater as a share of GDP. Impacts on some member states – in particular Ireland – and some sectors in the EU27 could be more pronounced than the average for the EU27. Michael Emerson is Associate Senior Research Fellow, Matthias Busse is Researcher, Mattia Di Salvo is Research Assistant, Daniel Gros is Director and Jacques Pelkmans is Senior Research Fellow – all at CEPS.
Topic:
Economics, Brexit, and Global Political Economy
Political Geography:
Europe

117. Tightening by Stealth: Why keeping the balance sheet of the Federal Reserve constant is equivalent to a gradual exit

Author:
Daniel Gros
Publication Date:
06-2017
Content Type:
Working Paper
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
Exiting from unconventional monetary policies is now a key issue for central banks, and especially for the US Federal Reserve. This paper argues that the Fed already began this exit some time ago, and that the relevant part of its balance sheet has already shrunk by about one-quarter of GDP. Pursuing the current policy of reinvesting would lead to a full exit within ten years.
Topic:
International Affairs and Global Political Economy
Political Geography:
America

118. The Dynamics of Africa in World Affairs: From Afro-Pessimism to Afro-Optimism?

Author:
Sharkdam Wapmuk and Oluwatooni Akinkwotu
Publication Date:
12-2017
Content Type:
Journal Article
Journal:
Brazilian Journal of African Studies
Institution:
Brazilian Journal of African Studies
Abstract:
The article argues that Africa has never existed apart from world politics, but has been inevitably entangled in the dynamics and flow of events and changing configurations of global power. Historical records have clearly confirmed that there have been contacts, interactions and a flow of both ideas and goods between Africa, Europe, Asia and Americas. Whether the continent’s historical contacts and interactions with the rest of the world have been a ‘curse or blessing’ has been a subject of serious debate (Adekaye 2010). African affairs have contributed in shaping the world and Africa in turn, has been, and is still being shaped by international processes and structures. The study of Africa in world affairs has no doubt attracted scholarly interest. However, most studies on the continent, especially in the past two decades tend to focused on the negative narrative - crisis, war, poverty, natural disasters, corruption, diseases and famine, criminality, environmental degradation, mismanagement of natural resources and crisis of governance (Zartman 1995). Some even completely wrote-off the continent as a ‘hopeless case’, ‘dark continent’, and ‘the world’s burden’ (The Economist 2000). Africans have strongly resisted such narrative that tends to dismiss historical realities of Africa’s rape through slavery, colonialism, economic dependency and continued dominance by the international institutions of global governance (World Bank, IMF and WTO) and external involvement and influence of the great powers on the continent.
Topic:
International Relations, Power Politics, and Global Political Economy
Political Geography:
Africa and Global Focus

119. Classifying Exchange Rate Regimes: 15 Years Later

Author:
Eduardo Levy-Yeyati and Federico Sturzenegger
Publication Date:
06-2016
Content Type:
Working Paper
Institution:
The John F. Kennedy School of Government at Harvard University
Abstract:
Levy Yeyati and Sturzenegger (2001, 2003, 2005) proposed an exchange rate regime classification based on cluster analysis to group countries according to the relative volatility of exchange rates and reserves, thereby shifting the focus from a de jure to de facto approach in the empirical analysis of exchange rate policy. This note extends the classification through 2014 and broadens the country sample, increasing the number of classified country-year observations from 3335 to 5616. Based on this extension, the note documents the main stylized facts in the 2000s, including the behavior of exchange rate policy around the global financial crisis, and the prevalence of floating regimes.
Topic:
Economy, Global Political Economy, Global Financial Crisis, and Exchange Rate Policy
Political Geography:
Global Focus and Global Markets

120. 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

121. The problem with ‘embedded liberalism’: the World Bank and the myth of Bretton Woods

Author:
Samuel Appleton
Publication Date:
10-2016
Content Type:
Working Paper
Institution:
Centre for Global Political Economy, University of Sussex
Abstract:
The Bretton Woods conference is conventionally understood as a radical break between the laissez faire order and its ‘embedded liberal’ successor, in which finance was suppressed in the interest of trade and productive growth. The new institutions, particularly the IBRD are often considered emblematic of this. In response to this, the paper argues that the Bretton Woods order required the enlistment, not repression, of private American finance. Firstly, laissez-faire era proposals for international financial institutions provided important precedents for the Bretton Woods institutions. Second, these were predicated on the uniquely deep liquidity of American financial markets following upon Progressive-era reforms, in the legacy of which the Roosevelt administration sought to locate the New Deal. Thirdly, they found new relevance in the 1940s as the IBRD turned by necessity to American financial markets for operating capital. Negotiating the imperative of commercial creditworthiness had two important consequences. First, it entailed the structural and procedural transformation of the IBRD, and allowed management to carve out a proprietary terrain in which its agency was decisive. Second, this suggests that US agendas were mediated by the Bank’s institutional imperatives – and that finance was no more ‘embedded’ during the Bretton Woods era than its predecessor.
Topic:
Development, Economics, World Bank, Global Markets, International Development, and Global Political Economy
Political Geography:
United States, Europe, and Latin America

122. Reflections on the Current State of Political Economy

Author:
Richard Vedder
Publication Date:
03-2016
Content Type:
Research Paper
Institution:
Independent Institute
Abstract:
Like most economics professors, I have spent my academic lifetime examining the economic and public policy effects of issues involving the production, distribution, and consumption of goods and services—political economy, if you will. There is, however, a “political economy” to the very act of producing and disseminating economic knowledge and examining public policies. And that political economy and my assessment of it has changed over a career spanning more than half a century. In this brief article, I will confine my attention mostly to the research dimension and look at five issues, most relating to the political economy of the study of political economy.
Topic:
Global Political Economy
Political Geography:
America

123. The rise of single motherhood in the EU: analysis and propositions

Author:
Sophie Heine
Publication Date:
05-2016
Content Type:
Policy Brief
Institution:
EGMONT - The Royal Institute for International Relations
Abstract:
This paper will address a rising issue within the EU – the increase of single parent families. Firstly, we will draw a general picture of the disadvantages faced by single parents and outline the possible causes of this phenomenon. Secondly, we will attempt to sketch possible alternative solutions that could inspire policymakers at the national and European levels. Both in our analysis and recommendations, we will put a particular emphasis on the dynamic role played by norms and representations.
Topic:
International Affairs and Global Political Economy
Political Geography:
Europe

124. Implications of Mega Free Trade Agreements for Asian Regional Integration and RCEP Negotiation

Author:
Fukunari Kimura and Lurong Chen
Publication Date:
03-2016
Content Type:
Policy Brief
Institution:
Economic Research Institute for ASEAN and East Asia (ERIA)
Abstract:
As mega free trade agreements (FTAs) are reshaping the rules of global governance, there is urgency for member states of the Association of Southeast Asian Nations (ASEAN) to take proper actions in response to the changing world economic order. On one hand, they should closely observe the progress of negotiations and follow up the issues that are under discussion in mega FTAs. On the other hand, they have to accelerate the pace in concluding the negotiations of the Regional Comprehensive Economic Partnership (RCEP).
Topic:
Economics, International Trade and Finance, and Global Political Economy
Political Geography:
Southeast Asia and Global Focus

125. TPP, IPR Protection, and Their Implications for Emerging Asian Economies

Author:
Fukunari Kimura, Lurong Chen, Maura Ada Iliuteanu, Shimpei Yamamoto, and Masahito Ambashi
Publication Date:
04-2016
Content Type:
Policy Brief
Institution:
Economic Research Institute for ASEAN and East Asia (ERIA)
Abstract:
Intellectual property rights (IPR) protection is essential for economic growth, innovation, and competitiveness. As the global economy is increasingly organised within global value chains, disciplining and enforcing IPR in a coherent manner internationally has become a critical issue in the 21st century trade system. The Trans-Pacific Partnership (TPP) agreement flags America's achievement in setting new standards on international IPR enforcement under a plurilateral framework that involves countries from Asia-Pacific. Yet such standards run the risk of becoming the new norm at the international level. Reaching agreement on the text of the TPP signals emerging Asian economies' heightened commitment to IPR enforcement. Some factors that policymakers may want to consider include the following: Efficient IPR protection at the domestic level is integral to efforts that facilitate technology adoption and stimulate incremental innovations. It is crucial to increase public awareness of intellectual property (IP) in general and its associated rights in particular. IP laws and regulations must at least meet the requirements of the Agreement on Trade-related Aspects of Intellectual Property Rights (TRIPS) and always aim for higher-level standards. IPR disciplines must be binding and practically enforceable. Asian countries should actively participate in global IPR rule-making. The abundance and quality of human capital will affect not only the level of invention and other innovative activities but also the efficiency of IPR enforcemen
Topic:
Emerging Markets, International Trade and Finance, and Global Political Economy
Political Geography:
Southeast Asia and Global Focus

126. Degrowth: Consume less. Share more.

Author:
Rajni Bakshi
Publication Date:
07-2016
Content Type:
Research Paper
Institution:
Gateway House: Indian Council on Global Relations
Abstract:
Indian business—perhaps even society at large—is currently buoyed by the expectation that we are entering a period of sustained economic growth that might finally make poverty a problem of the past. In this context, it might seem counter-intuitive to draw attention to the possibility of a decelerating global economy and projections about reversals in human well-being. However, there is mounting evidence to show that the prevailing models of economic growth cannot continue unchecked to the end of the 21st century. Apart from the truism that infinite growth is not possible on a finite planet, the accelerating impacts of climate change are set to play havoc with a reliable supply of many natural resources—including food. Unless growth is redefined, degrowth will be forced upon the global economy, as a consequence of chaotic instability in eco-systems and due to the brittleness of political, social, and economic systems
Topic:
Global Recession, Reconstruction, Reform, and Global Political Economy
Political Geography:
India and Global Focus

127. ASEAN: In or Out? No Way…Not yet?

Author:
Tan Sri Munir Majid
Publication Date:
10-2016
Content Type:
Commentary and Analysis
Institution:
LSE IDEAS
Abstract:
While the close British decision to get out of the European Union was made in a referendum a while ago on 23 June, there is still the feeling in the UK: What have we done? Where do we go? How do we get there? Questions that should have been asked at the referendum, rather than after it. But there you are. When raw emotion and shallow argument reign, profound decisions are made without proper reflection or preparation. Since then the question has also been raised whether or not such a thing could occur in ASEAN, the Association of Southeast Asian Nations. It won’t but then again it may. First of all, let’s be clear. It is not likely there will ever be such a surplus of democracy in ASEAN, whether among individual member states or as a group, that there could be an ‘In or Out’ referendum like the one which resulted in Brexit.
Topic:
International Cooperation, International Affairs, Global Markets, and Global Political Economy
Political Geography:
Southeast Asia

128. The Geopolitics of East Asia: New Geometries of Competition and Cooperation

Author:
Adriana Abdenur
Publication Date:
09-2016
Content Type:
Special Report
Institution:
Brazilian Center for International Relations (CEBRI)
Abstract:
The present study aims to develop an analysis of how the fast-changing geopolitics and geoeconomics of East Asia impacts current and potential trends in cross-regional economic cooperation, with a focus on Latin America. The paper revolves around three anchor trends: i. The Economic Transformation of East Asia; ii. Security and Cooperation in the Pacific; and iii. Mega-Agreements. For each of these areas, the study provides a succinct yet analytical overview of current debates by incorporating both Western and non-Western perspectives from academe and policy.
Topic:
International Cooperation, Geopolitics, and Global Political Economy
Political Geography:
Global Focus

129. India’s Future in Asia: The APEC Opportunity

Author:
Harsha Singh and Anuphav Gupta
Publication Date:
03-2016
Content Type:
Special Report
Institution:
Asia Society
Abstract:
At a time of slowing global economic growth, the international community needs to fully tap all the sources of new dynamism and demand available in the world today. India, the world’s fastest-expanding major economy, holds the potential to shore up growth in both the Asia- Pacific region and globally. For that potential to be realized, however, India’s domestic reforms and integration with the Asian and world economies need to progress more rapidly. The advent of the Trans-Pacific Partnership (TPP) agreement offers much hope of reinvigorating trade growth in the Asia-Pacific region once it comes into force, but the TPP does not include India. The first and necessary step toward greater Indian participation in Asian trade and investment flows is membership in the Asia Pacific Economic Cooperation (APEC) forum. It is a step whose time has come, for India, for APEC, and for the international economy.
Topic:
International Trade and Finance and Global Political Economy
Political Geography:
India

130. India and APEC: Charting a Path to Membership

Author:
Anubhav Gupta
Publication Date:
03-2016
Content Type:
Policy Brief
Institution:
Asia Society
Abstract:
India’s membership in APEC would mitigate two significant problems: 1) India’s relatively poor integration into the global economy; and 2) the emergence of a divisive trade agenda in the Asia-Pacific. This issue brief outlines these challenges and highlights the obstacles and opportunities related to India’s inclusion in APEC. It concludes that this is the right time to start considering India’s membership in the forum and that a strategy is needed to chart a pathway for the country’s eventual accession to APEC.
Topic:
International Trade and Finance and Global Political Economy
Political Geography:
India

131. China, Economic Development, and Global Security: Bridging the Gaps

Author:
Mark Ferchen
Publication Date:
12-2016
Content Type:
Research Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
China’s expanding global economic and geopolitical role has spawned a growing divide between those who portray the country’s rise as a force for prosperity and peace and those who depict it as an assertive, mercantilist threat. Such conflicting paradigms oversimplify the complex political economy of the country’s international relations. These flawed frameworks reflect a lack of boundary-breaking thinking, research, and policymaking that can account for the interaction between the economic and geopolitical aspects of China’s rise. Recognizing such shortcomings is the first step toward better understanding and constructive engagement with China.
Topic:
Diplomacy and Global Political Economy
Political Geography:
China

132. Youth in the Middle East

Author:
Center for International and Regional Studies
Publication Date:
12-2016
Content Type:
Special Report
Institution:
Center for International and Regional Studies (CIRS), Georgetown University in Qatar
Abstract:
During the second half of the twentieth century, the Middle East and North Africa (MENA) was hit by a demographic wave that saw its youth population grow at an unprecedented rate. This youth bulge spurred national and international debate regarding the challenges and opportunities that the youth cohort brings to the region. The potential that young people have—either as agents of positive change or instability—was illustrated during the Arab uprisings. In the wake of the unrest, there is a need to expand our collective understanding of the lives of young people in the MENA region, and to examine factors that affect their normative transitions to adulthood. The narrative around Middle Eastern youth often centers on their social, political, and economic exclusion and marginalization. Living through decades of authoritarian rule and political instability, youth in the Middle East have struggled to fulfill their aspirations related to citizenship, livelihood, and social and political participation. Given the continued jobs crisis in the Middle East, where youth generally experience high rates of unemployment and where labor market activity, particularly among young women, remains strikingly low, understanding the economic exclusion of youth and the various means by which to redress it remain significant.
Topic:
Political Theory, Youth Culture, and Global Political Economy
Political Geography:
Middle East

133. The United States and Future Policy Options in the Taiwan Strait

Author:
Mark Stokes
Publication Date:
02-2016
Content Type:
Working Paper
Institution:
Project 2049 Institute
Abstract:
Taiwan is a core interest in U.S. foreign policy. Its values, technological prowess, and geostrategic position align with foundational American values and priorities for the region, making it a crucial U.S. partner in the Asia Pacific. As such, ensuring a stable and positive future for Taiwan as a democracy and a primary contributor to the global economy and international community is a high priority. This monograph concludes that a more objective representation of the status quo in the Taiwan Strait may better serve long-term U.S. interests.
Topic:
Foreign Policy, Partnerships, Geopolitics, Global Political Economy, and International Community
Political Geography:
China, Taiwan, Asia, North America, and United States of America

134. United States, Latin America and the XXI Century World: Forging a New Geopolitical Space

Author:
Severino Cabral
Publication Date:
12-2015
Content Type:
Journal Article
Journal:
AUSTRAL: Brazilian Journal of Strategy International Relations
Institution:
Postgraduate Program in International Strategic Studies, Universidade Federal do Rio Grande do Sul
Abstract:
The paper aims to analyze the relationship of the United States and Cuba considering the post-Cold War international environment, characterized by the rise of a multipolar order and Chinese influence, and the emergence of the Latin world and other relevant regional actors in a new era of global economy.
Topic:
International Relations, Diplomacy, Regional Cooperation, and Global Political Economy
Political Geography:
United States, China, Cuba, Latin America, and North America

135. China and Vietnam in the South China Sea: Disputes and Strategic Questions

Author:
Talita Pinotti
Publication Date:
12-2015
Content Type:
Journal Article
Journal:
AUSTRAL: Brazilian Journal of Strategy International Relations
Institution:
Postgraduate Program in International Strategic Studies, Universidade Federal do Rio Grande do Sul
Abstract:
The dispute between China and Vietnam in the South China Sea involves strategic interests that are mixed with cultural and historical heritages fundamental to the understanding of their respective positions. Ensure the sovereignty over the islands, for these countries, also means to ensure important economic and geopolitical interests in Asia.
Topic:
Sovereignty, Culture, Global Political Economy, Conflict, and Heritage
Political Geography:
China, Asia, Vietnam, and South China Sea

136. China's Political-Economic Institutions and Development

Author:
Chenggang Xu
Publication Date:
10-2015
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
After more than three decades of economic reform, China has transformed from being one of the poorest economies in the world to being the second-largest economy measured by nominal exchange rates, or the largest economy measured by purchasing power. As such, it is important to elucidate the determinants of China’s future development. This article will focus on China’s institutions. I argue that although the size of China’s economy is extremely important in terms of its impact on the global economy, it is misleading to ignore political and economic institutions. Indeed, forecasts based on extrapolating past trends could be erroneous (see Pritchett and Summers 2014). China was the largest economy in the world before the end of the 19th century but then lost ground to Western nations that established the rule of law and free trade. To understand China’s past and future development, one has to examine its institutions.
Topic:
Economics, Reform, and Global Political Economy
Political Geography:
China and Asia

137. The Political Economy of International Migration: Three Important Perspectives

Author:
Mojúbàolú Olufúnké Okome
Publication Date:
06-2015
Content Type:
Research Paper
Institution:
Ìrìnkèrindò: a Journal of African Migration
Abstract:
The publication of this issue is foreshadowed by the tragic drowning of hundreds of migrants, including Africans, in the Mediterranean Sea (BBC News 2015, Rosen 2015, Walsh, Almasy and Botelho 2015, Traynor 2015, Fottrell 2015). The sheer size of these drownings have once again caused popular horror and contemplation on causes and consequences of migration. The projection by the International Organization for Migration (IOM) that these deaths could increase to over 30,000 just in 2015 is anxiety provoking and shocking (AlJazeera News 2015, Brian and Laczko 2014). The drownings have also caused increased focus on the policies of popular destination countries and regions and critiques of the harshness of these regimes as well as calls for more humane migration policies, research and documentation of the root causes of migration, and heartrending accounts of migrants’ motives and harrowing experiences (Clegg 2015, Barker 2014, Kassam 2014). As well, they have caused intensified media attention to the circumstances that propel migration from various African countries and the choice of destinations in Europe. These conditions and circumstances are hardly new. Neither are the tales of woe that attend the serious decision to abandon familiar misery of migrants’ homelands in hopes of somehow experiencing the miracle of success in unknown climes (Sy 2006, Ndege 2006, Morris 2005, Bailey 2005, Travis August, Kingsley 2015).
Topic:
Migration, Political Economy, and Global Political Economy
Political Geography:
Africa and Europe

138. Combating Piracy in the Gulf of Guinea

Author:
Adeniyi Adejimi Osinowo
Publication Date:
02-2015
Content Type:
Policy Brief
Institution:
Africa Center for Strategic Studies
Abstract:
Despite earning the inauspicious title in recent years as the shipping corridor with the highest number of piracy attacks in the world, regional responses to piracy and maritime security threats in the Gulf of Guinea, have been fragmentary. Maritime domain awareness remains low, interagency coordination is limited, and intra-regional coordination mechanisms that have been established are often underfunded.
Topic:
International Security, International Affairs, and Global Political Economy
Political Geography:
Papua New Guinea

139. Aligning Incentives, Accelerating Impact

Author:
Rachel Silverman, Mead Over, and Sebastian Bauhoff
Publication Date:
12-2015
Content Type:
Special Report
Institution:
Center for Global Development (CGD)
Abstract:
Founded in 2002, the Global Fund to Fight AIDS, Tuberculosis and Malaria (the Global Fund) is one of the world’s largest multilateral health funders, disbursing $3–$4 billion a year across 100-plus countries. Many of these countries rely on Global Fund monies to finance their respective disease responses—and for their citizens, the efficient and effective use of Global Fund monies can be the difference between life and death. Many researchers and policymakers have hypothesized that models tying grant payments to achieved and verified results—referred to in this report as next generation financing models—offer an opportunity for the Global Fund to push forward its strategic interests and accelerate the impact of its investments. Free from year-to-year disbursement pressure (like government agencies) and rigid allocation policies (like the World Bank’s International Development Association), the Global Fund is also uniquely equipped to push forward innovative financing models. But despite interest, the how of new grant designs remains a challenge. Realizing their potential requires technical know-how and careful, strategic decisionmaking that responds to specific country and epidemiological contexts—all with little evidence or experience to guide the way. This report thus addresses the how of next generation financing models—that is, the concrete steps needed to change the basis of payment from expenses to something else: outputs, outcomes, or impact. For example, when and why is changing the basis of payment a good idea? What are the right indicators and results to purchase from grantees? How much and how should grantees be remunerated for their achievements? How can the Global Fund verify that the basis of payment is sound—that the reported results are accurate and reliable and represent real progress against disease control goals? And what is needed to protect communities against coercion or other human rights abuses, ensuring that these new incentives do not drive unintended consequences?
Topic:
International Trade and Finance and Global Political Economy
Political Geography:
Global Focus

140. Economic Policy Reforms in South Asia: An Overview and the Remaining Agenda

Author:
Pradumna B. Rana and Wai-Mun Chia
Publication Date:
03-2015
Content Type:
Working Paper
Institution:
Centre for Non-Traditional Security Studies, S. Rajaratnam School of International Studies
Abstract:
In the past few years, the pace of economic growth in South Asia has slowed considerably for two reasons: unfavourable global economic environment and the slowing pace of economic reforms that once were the key drivers of the region’s dynamic economic performance and resilience. This paper focuses on the latter and following Rana (2011) and Rana and Hamid (1995), it argues that South Asian countries have not sequenced their reforms properly. The first round of reforms in South Asia that began in the 1980s and the early 1990s focused on macroeconomic reforms — monetary, fiscal, and exchange rate management, as well as reducing rigid government controls — which led to private sector driven economic growth. These should have been followed by the more microeconomic reforms — sectoral and the so-called “second generation” reforms to strengthen governance and institutions — to sustain the higher growth levels. But they were not and reforms ran out of steam because of, among others, lack of law and order, and corruption in the public sector. This paper finds a significant “governance gap” in South Asia that refers to how South Asia lags behind East Asia in terms of various governance indicators and how within South Asia some countries are ahead of others. The paper argues that in order to revive economic growth, South Asian countries must implement microeconomic reforms: it identifies the remaining policy agenda for each South Asian country. However, implementation of microeconomic reforms poses a difficult challenge as they require a wider consensus and political support and have a longer term focus. The recent election of Prime Minister Narendra Modi in India with a strong mandate for economic reform provides an environment of “cautious optimism” for all of South Asia.
Topic:
Governance, Reform, Global Political Economy, and Economic Development
Political Geography:
South Asia, India, and Asia