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56241. Collective Management of International Financial Crises

Author:
Saori N. Katada
Publication Date:
07-1998
Content Type:
Working Paper
Institution:
Center for International Studies, University of Southern California
Abstract:
The world has experienced many financial crises. Despite numerous research and policy efforts in prevention to present them at of large scale, the global economy has not seen economists' (and investors') Nirvana of financial globalization without the occasional crises. On the contrary, the increasing dynamism and changing nature of financial flows across national borders seem to have created a larger number of new problems for creditors, debtors and international financial institutions. That has typically been true for middle income countries in Latin America and Asia and, very recently, in Eastern Europe, which have been integrated into the international financial system. During the two decades between the late 1970s and the late 1990s, three major sets of financial crises originated from those middle income countries, intensifying concerns for international financial stability.
Topic:
Economics, Globalization, International Political Economy, and International Trade and Finance
Political Geography:
Europe, Israel, East Asia, Latin America, Central America, and North America

56242. International Financial Markets as Sources of Crises or Discipline

Author:
Thomas D. Willett
Publication Date:
07-1998
Content Type:
Working Paper
Institution:
Center for International Studies, University of Southern California
Abstract:
Two major views dominate policy discussions of the role of international capital flows in the global political economy. While both believe that high capital mobility is eroding national sovereignty, one sees this as a positive step, that constrains governments' tendencies to follow overexpansionary macroeconomic policies for domestic political gain and promotes convergence toward low rates of inflation. Advocates of this viewpoint would typically agree with Haggard and Maxfield (1996) that “Increased financial integration holds governments hostage to foreign exchange and capital markets, forcing greater fiscal and monetary discipline than they might otherwise choose” (p. 36). This view is implied by most of the currently most popular economic models. The second viewpoint sees international capital markets as capricious followers of fads and fashions that pose serious challenges to domestic financial stability. The statements of Dr. Mahathir Mohamad, Prime Minister of Malaysia are typical of this view.
Topic:
Economics, Government, International Political Economy, and International Trade and Finance

56243. Disposing of Weapons-Grade Plutonium

Author:
Robert E. Ebel and John Taylor
Publication Date:
03-1998
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies (CSIS)
Abstract:
This panel report by the Center for Strategic and International Studies considers an issue of critical importance to U.S. national security interests: Is the United States now pursuing a well-conceived and effective program of working with Russia to dispose of the vast amounts of separated plutonium that have become excess to the nuclear weapons needs of the two countries?
Topic:
Security, Energy Policy, Nuclear Weapons, and Science and Technology
Political Geography:
Russia and United States

56244. The Strategy and Tactics of Hizb'allah's Current 'Lebanonization Process'

Author:
Dr. Magnus Ranstorp
Publication Date:
06-1998
Content Type:
Working Paper
Institution:
Centre for the Study of Terrorism and Political Violence, St. Andrews University, Scotland
Abstract:
This article contains a careful description and analysis of the transformation of' Hizballah from a small rag-tag militia, skillfully combining terrorist and guerrilla warfare techniques with effective social action on the local level during the chaos of Lebanon's civil war, to a formidable, legitimate political, military and social force on the Lebanese scene in the 1990's, in what has been described as its 'Lebanonization' process. This so-called 'Lebanonization' process of Hizballah has become a trademark of the movement. It is visible in the close interrelationship between its political, social, and military activity which has extended its opportunities. It shows an ability to exercise pragmatic judgement within the conditions and limitations imposed on it by Syria's agenda and within the confessional nature of Lebanon's political make-up. It also demonstrates the limits of Hizballah's manoeuvring within the framework of the wider Iranian- Syrian relationship and the limits to its ability in presenting itself as an alternative oppositional force amidst sectarian politics and Syrian hegemony. Hizballah strongly emphasizes that it is entirely Lebanese in character rather than a foreign entity directed by Iran in order to reinforce its internal legitimacy within Lebanon.
Topic:
Human Welfare, Politics, Terrorism, and War
Political Geography:
Iran, Lebanon, and Syria

56245. The Role of Ideology in Terrorists' Target Selection

Author:
C.J.M Drake
Publication Date:
06-1998
Content Type:
Working Paper
Institution:
Centre for the Study of Terrorism and Political Violence, St. Andrews University, Scotland
Abstract:
Ideology plays a crucial role in terrorist's target selection; it supplies terrorists with an initial motive for action and provides a prism through which they view events and the actions of other people. Those people and institutions whom they deem guilty of having transgressed the tenets of the terrorists' ideologically-based moral framework are considered to be legitimate targets which the terrorists feel justified in attacking. As an extension of this, ideology also allows terrorists to justify their violence by displacing the responsibility onto either their victims or other actors, whom in ideological terms they hold responsible for the state of affairs which the terrorists claim led them to adopt violence. While it is not the only factor which determines whether a potential target is attacked, ideology provides an initial range of legitimate targets and a means by which terrorists seek to justify attacks, both to the outside world and to themselves.
Topic:
Security, Government, Peace Studies, and Terrorism

56246. Environmental Protectionism and Comparative Observations in West Europe

Author:
Imtiaz Hussain
Publication Date:
01-1998
Content Type:
Working Paper
Institution:
Centro de Investigación y Docencia Económicas
Abstract:
Environmental concerns were seen by some as "a welcome guest in the free trade party" when they were first taken seriously in the early 1990s. Although they have since mushroomed in size and significance, the debate rages if policy measures are responding to demand. Trading behavior, for example, has not altered appreciably owing to the mounting pressures, but agreements increasingly acknowledge the need for safeguards. On the one hand is the problem of public pressure, very often of grassroots origins, upon policy-makers at all levels—multilaterally, internationally, regionally, nationally, and locally. On the other is the inquiry if policy impact is evolving differently, not only at various policy-making levels, but also in various parts of the world. How, indeed, have concerns and policy measures meshed? My broad response elaborates why environmental protectionism is chosen as a topic first, then explains the selection of cases for comparison, before turning to theoretical considerations, the empirical study itself, and finally drawing conclusions and implications, all in that order.
Topic:
International Relations and Environment
Political Geography:
Europe and Maryland

56247. Westphalia in Europe as West Failure Abroad?: A Comparative Study of the Fate of the Nation-State in Non-Europe

Author:
Imtiaz Hussain
Publication Date:
01-1998
Content Type:
Working Paper
Institution:
Centro de Investigación y Docencia Económicas
Abstract:
Conventionally viewing the state as a black box and focusing almost exclusively on its outward orientation, the Westphalia paradigm, I argue, has outlived its purpose and may even be misleading when applied to the more porous and democratic state today. Rather than measure state viability in terms of power balances abroad, three constituent elements extracted from the Westphalia literature are used to evaluate internal state viability instead: the relationship between nation and the state, the capacities of the state itself, and the state within a collectivity. Whereas the first is operationalized in terms of Buzan's four-fold typology, the second focuses on how two forms of internal divisions have been resolved-between city and country interests over policy-making, and between various classes in society through governmental income redistribution programs-while the third evaluates the propensity of the state to delegate loyalties to any supranational entity in the 1990s. Over 160 sovereign countries are pooled into 5 geographical regions for the analysis. The results strengthen the above argument, and generally portray the exceptionalism of West Europe: It is the global hub of established nation states, even though there are more state nations worldwide whose historical emergence accented internal development over external security considerations; viable states, measured in terms of established democracies, urban preponderance over policy making, and welfare redistribution; and transferring loyalties beyond the state.
Topic:
Conflict Resolution, International Organization, and Regional Cooperation
Political Geography:
Europe and Westphalia

56248. European Integration and Franco-German Relations: Erbfeindschaft or Engrenage?

Author:
Imtiaz Hussain
Publication Date:
01-1998
Content Type:
Working Paper
Institution:
Centro de Investigación y Docencia Económicas
Abstract:
Given the historical depth of Franco-German enmity, or erbfeindschaft, how have integrative efforts in West Europe been shaped by this rivalry? Three sets of tensions are identified in addressing that question: the theoretical tussle to explain West European integration; the explosive historical relationship between the two countries; and their cooperative, complementary relationship in European Community policy-making. For analytical purposes, two hypotheses connect these sources of tension in the multifaceted, complicated subject mater of Franco-German relations. These are that when the Cold War was in full fury, both countries found cooperation a gar superior strategy than discord; and when the Cold War ended, disagreements increased without eliminating cooperation. Both are tested through a comparative study of agricultural and monetary policies of the Community, and prefaced by a rapid historical riffle of the ups and downs in that bilateral relationship. The conclusion is drawn that the Community interlocked the two countries in such a way as to make disengagement costly in spite of increasing divergences, and that this engranage was possible because of the Cold War context.
Topic:
Conflict Resolution, Cold War, and International Organization
Political Geography:
Europe and Germany

56249. Theoretical Explanations of Trade Competitiveness and a North American Application

Author:
Imtiaz Hussain
Publication Date:
01-1998
Content Type:
Working Paper
Institution:
Centro de Investigación y Docencia Económicas
Abstract:
How do we reconcile economic competitiveness with trade regionalism? This exploratory investigation first takes stock of how competitiveness has been defined by both economists and political scientists, then extracts an inclusive model from the different literatures, and finally broadly assesses business transactions and trends across North America using that model. Beginning with the Ricardo-Viner and Hecksher-Olin explanations, various types of competitiveness articulated by Michael Porter, Mancur Olson, and David Mares are subsequently brought in. preliminary findings presented as hypotheses for future testing, suggest that: that evaporation of hegemony has resulted in multiple claims to competitiveness across North America, policy convergences are more widespread and common than ever before, regional-level cooperation provides an efficient means for all three countries to offset global competitiveness, and domestic interests, though still a potential veto force, are slowly embracing, rather than opposing, supranational efforts.
Topic:
International Relations, Economics, and International Trade and Finance
Political Geography:
Europe and North America

56250. Agriculture and Supranationalism: A Comparative Study on North American and West European Policy-Making Experiences

Author:
Imtiaz Hussain
Publication Date:
01-1998
Content Type:
Working Paper
Institution:
Centro de Investigación y Docencia Económicas
Abstract:
The proliferation of regional trading blocs in the 1990s raises a fundamental question: To what extent is policy-making shifting from the national government to a regional entity? The conversion of GATT into the World Trade Organization, also in the 1990s, further complicates the search for an answer since new or revitalized multilateral rules also exert influences upon policy outcomes. I apply that question to a study of farm policy, with the European Union and the North American Free Trade Agreement (NAFTA) as my cases. The next two sections profile the importance of agriculture and my rationale in selecting the two cases before pointing gout the organization of the remainder of the study.
Topic:
Agriculture and International Trade and Finance
Political Geography:
Europe and North America