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  • Author: Lykke Friis, Anna Murphy
  • Publication Date: 07-1999
  • Content Type: Working Paper
  • Institution: Danish Institute for International Studies
  • Abstract: Since the difficulties of ratifying the Maastricht Treaty legitimacy has topped the EU's agenda. Departing from the dominating trend in the literature that the EU's legitimacy problems are largely due to the EU's inability to develop a common identity, which can compete or even replace national identities, this article shifts the focus to compatibility. The core legitimacy test is whether the EU and its member states – as a multidimensional governance system, in which nation states persist alongside supranational institutions – can develop identities, which are compatible. Based on this approach the article analyses the ratification debate on the Treaty of Amsterdam in one Member State, namely Denmark. Its core conclusion is that it is indeed important to abandon the traditional conceptualisation of EU legitimacy. As the Danish case shows legitimacy can be enhanced if member states are able to (re)construe the EU as being compatible with national identity.
  • Topic: Nationalism, Treaties and Agreements
  • Political Geography: Europe
  • Author: Thomas Diez
  • Publication Date: 08-1999
  • Content Type: Working Paper
  • Institution: Danish Institute for International Studies
  • Abstract: Driving me through Ankara only a couple of hours after I disembarked the plane, my Turkish colleague points to the latest apartment buildings and a hypermodern shopping mall further down the road. These places, he points out, would be ready for the EU. If only all of Turkey would already look like them - but eventually, it will. Only give us some time. And indeed, the economic change over the past decade seems remarkable. Then Prime Minister Turgut Özal's final abandonment of statism, one of the six pillars of Kemalism, in favour of a widespread, although still restricted, liberalisation strategy, looks like bearing visible fruits. Despite the Turkish economy nonetheless still experiencing a great deal of difficulties (inflation in 1999 was still above 60%, and that already was a huge improvement on previous years), my conversations in the following week centre on a different issue - Turkey's foreign policy. With its 40,000 soldiers in northern Cyprus, its continually problematic relationship with Greece, its ventures into northern Iraq and threatenings towards Syria, Turkey's foreign policy is, together with human rights issues, one of the central stumbling blocs for starting membership negotiations after the acknowledgement of candidate status in Helsinki. In Cyprus's southern part, the economic problem of the day is its overheated stockmarket. My friend multiplied his assets within half a year. More and more villas are mushrooming in beautiful settings, and the younger generation in particular is very well off. Accordingly, Cyprus is the forerunner in the enlargement negotiations, with a GNP per capita above some of the current EU member states (Pace 2000: 122). No wonder then that my conversation again focus on what most Cypriot politicians regard a domestic issue, but which at least has a strong foreign policy aspect to it: its policy towards the northern part of the island, 'under Turkish occupation' as the official labelling goes, and thereby also to Turkey. Despite Cyprus's status in the negotiations, its probable future membership is thus overshadowed by the conflict on the island.
  • Topic: Foreign Policy, Government, International Organization
  • Political Geography: Europe, Turkey, Middle East, Ankara
  • Author: Lyndelle Fairlie
  • Publication Date: 08-1999
  • Content Type: Working Paper
  • Institution: Danish Institute for International Studies
  • Abstract: A Northern Dimension for the European Union is now taking shape. Originally a Finnish initiative, it tries to take a regional view of the Baltic area which includes member states, EU applicants such as Poland and the Baltic states and Russia. The Northern Dimension specifically mentions the Russian oblast of Kaliningrad. There is very little time left to develop an Action Plan which the EU Council can adopt at the December Helsinki summit. This essay addresses the question of whether or not the EU will use Northern Dimension to solve its Kaliningrad dilemma.
  • Topic: International Relations, International Organization, Sovereignty
  • Political Geography: Russia, Europe, Eastern Europe, Asia
  • Author: Bjørn Moller
  • Publication Date: 03-1999
  • Content Type: Working Paper
  • Institution: Danish Institute for International Studies
  • Abstract: There is little doubt that Iraq was in blatant violation of the 1991 ceasefire agreement in general and of the famous “mother of all resolutions”, UNSCR 687 (3 April 1991) in particular, in which the extent and modalities of the disarmament of the defeated aggressor were detailed: The Security Council..... 8. Decides that Iraq shall unconditionally accept the destruction, removal, or rendering harmless, under international supervision, of: a) all chemical and biological weapons and all stocks of agents and all related subsystems and components and all research, development, support and manufacturing facilities; b) all ballistic missiles with a range greater than 150 kilometres... 34. Decides to remain seized of the matter and to take such further steps as may be required for the implementation of this resolution and to secure peace and security in the area.
  • Topic: Security, Foreign Policy, Arms Control and Proliferation, International Law, United Nations
  • Political Geography: United States, Middle East
  • Author: Gary Hufbauer, Tony Warren
  • Publication Date: 10-1999
  • Content Type: Working Paper
  • Institution: Peterson Institute for International Economics
  • Abstract: Globalization has affected all facets of the world economy. This includes services, which in most economies are the single largest contributor to economic growth and employment. However, despite its importance to national output, the impact of globalization on services is only recently receiving the attention of researchers and policy-makers.
  • Topic: Economics, International Trade and Finance, Political Economy
  • Author: Gary Clyde Hufbauer, Erika Wada
  • Publication Date: 09-1999
  • Content Type: Working Paper
  • Institution: Peterson Institute for International Economics
  • Abstract: In the wake of financial crises in Mexico (1994-95), Asia (1997-98), Russia (1998) and Brazil (1998-99), respected observers have questioned the benefits of wide-open international capital markets (Bhagwati, 1998; Krugman, 1998; Rodrik, 1998; Eichengreen, 1999). Our purpose is to identify true hazards and suggest appropriate precautions.
  • Topic: Economics, International Trade and Finance, Political Economy
  • Political Geography: Russia, Asia, Brazil, Mexico
  • Author: Adam S. Posen, Kenneth N. Kuttner
  • Publication Date: 09-1999
  • Content Type: Working Paper
  • Institution: Peterson Institute for International Economics
  • Abstract: Since 1990, a number of countries have adopted inflation targeting as their declared monetary strategy. Interpretations of the significance of this movement, however, have differed widely. To some, inflation targeting mandates the single-minded, rule-like pursuit of price stability without regard for other policy objectives; to others, inflation targeting represents nothing more than the latest version of cheap talk by central banks unable to sustain monetary commitments. Advocates of inflation targeting, including the adopting central banks themselves, have expressed the view that the transparency and communication of the inflation targeting framework grant the central bank greater short-run flexibility in pursuit of its long-run inflation goal.
  • Topic: Economics, International Organization, International Trade and Finance, Political Economy
  • Author: Marcus Noland, Sherman Robinson, Tao Wang
  • Publication Date: 07-1999
  • Content Type: Working Paper
  • Institution: Peterson Institute for International Economics
  • Abstract: For North Korea, product market integration would generate large welfare gains, sufficient to end the famine. Additional gains could be had through military demobilization. For the South, the impact of product market integration would be trivial, but the impact of factor market integration would be considerable, affecting the composition of output, distribution of income, and rate of growth.
  • Topic: Economics, International Trade and Finance, Political Economy
  • Political Geography: Israel, East Asia, Korea
  • Author: Marcus Miller, Lei Zhang
  • Publication Date: 05-1999
  • Content Type: Working Paper
  • Institution: Peterson Institute for International Economics
  • Abstract: Is sovereign borrowing so different from corporate debt that there is no need for bankruptcy-style procedures to protect debtors? With the waiver of immunity, sovereign debtors who already face severe disruption from short-term creditors grabbing their currency reserves are also exposed to litigious creditors trying to seize what assets they can in a 'race of the vultures'.
  • Topic: Economics, International Trade and Finance, Political Economy
  • Author: Heikki Patomäki
  • Publication Date: 01-1999
  • Content Type: Working Paper
  • Institution: Finnish Institute of International Affairs
  • Abstract: In the 1970's James Tobin proposed a low rate tax on financial transactions of currencies. This tax would make many speculative movements unprofitable and the financial system less volatile and sensitive to daily political news and anticipation of economic policy changes. Consequently, it would create space for more autonomous economic policies of states.
  • Topic: Economics, Government, International Political Economy, United Nations