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3362. Mixed Signals
- Author:
- Peter A. Hall and Robert J. Franzese Jr.
- Publication Date:
- 09-1997
- Content Type:
- Working Paper
- Institution:
- Institute of European Studies (IES), UC Berkeley
- Abstract:
- Plans for European Monetary Union are based on the conventional postulate that increasing the independence of the central bank can reduce inflation without any real economic effects. However, the theoretical and empirical bases for this claim rest on models of the economy that make unrealistic information assumptions and omit institutional variables other than the central bank. When the signaling problems between the central bank or other actors in the political economy are considered, we find that the character of wage bargaining conditions the impact of central bank independence by rendering the signals between the bank and the bargainers more or less effective. Greater independence can reduce inflation without major employment effects where bargaining is coordinated, but it brings higher levels of unemployment where bargaining is uncoordinated. Thus, currency unions like the EMU may require higher levels of unemployment to control inflation than their proponents envisage; they will have costs as well as benefits, costs which will be distributed unevenly among and within the member nations based on the changes induced in the status of the bank and of wage coordination.
- Topic:
- Economics, Government, International Trade and Finance, and Political Economy
- Political Geography:
- Europe
3363. Balancing Positive and Negative Integration: The Regulatory Options for Europe
- Author:
- Fritz W. Scharpf
- Publication Date:
- 11-1997
- Content Type:
- Working Paper
- Institution:
- Max Planck Institute for the Study of Societies
- Abstract:
- During the golden years from the 1950s to the mid-1970s, the industrial nations of Western Europe had the chance to develop specifically national versions of the capitalist welfare state - and their choices were in fact remarkably different (Esping-Andersen 1990). In spite of the considerable differences between the "Social-Democratic", "Corporatist" or "Liberal" versions, however, all were remarkably successful in maintaining full employment and promoting economic growth, while also controlling, in different ways and to different degrees, the destructive tendencies of unfettered capitalism in the interest of specific social, cultural, and/or ecological values (Scharpf 1991a; Merkel 1993). It was not fully realized at the time, however, how much the success of market-correcting policies did in fact depend on the capacity of the territorial state to control its economic boundaries. Once this capacity is lost, countries are forced into a competition for locational advantage which has all the characteristics of a Prisoner's Dilemma game (Sinn 1994). It reduces the freedom of national governments and unions to raise the regulatory and wage costs of national firms above the level prevailing in competing locations. Moreover, and if nothing else changes, the "competition of regulatory systems" that is generally welcomed by neoliberal economists (Streit/Mussler 1995) and politicians may well turn into a downward spiral of competitive deregulation and tax cuts in which all competing countries will find themselves reduced to a level of protection that is in fact lower than that preferred by any of them.
- Topic:
- Economics, Government, International Organization, and International Political Economy
- Political Geography:
- Europe
3364. Regulatory Competition and International Cooperation
- Author:
- Philipp Genschel and Thomas Plumper
- Publication Date:
- 04-1997
- Content Type:
- Working Paper
- Institution:
- Max Planck Institute for the Study of Societies
- Abstract:
- Recent research has shown that regulatory competition does not necessarily lead to downward pressures on regulation, but may at times also push the level of regulation upwards. Extending David Vogel's "California effect" argument, this paper shows that such upward pressure may not only result directly from the dynamics of the competitive process but also from international cooperation. Evidence from two case studies on international capital market regulation is used to identify the conditions under which cooperation in the shadow of regulatory competition is likely to succeed or fail. The successful multilateral standardisation of banking capital requirements in the BIS is compared to failed attempts to harmonise interest taxation across EC member states.
- Topic:
- Government, International Cooperation, and International Political Economy
- Political Geography:
- California
3365. Electricity: Liberal Futures
- Author:
- Walt Patterson
- Publication Date:
- 11-1997
- Content Type:
- Working Paper
- Institution:
- Chatham House
- Abstract:
- Like the international dimension of electricity discussed in Working Paper 1, the liberal dimension of electricity has emerged only recently, at least as a recognized concept. However, whereas the international dimension is genuinely new, the dimension now characterized as 'liberal' needs closer examination. The language of policy discourse is not always consistent. Until the 1990s, policy analysts habitually referred to the electricity industry as 'conservative', in the sense that it was resistant to change and deeply wary of risk. However, those who first acted to 'liberalize' electricity were themselves 'conservative', in conventional political terms, notably the governments of Chile and the UK in the 1980s. That apparent irony in itself suggests that 'liberalizing' electricity is a more subtle and complex process than the term itself might indicate.
- Topic:
- Energy Policy, Environment, Government, Industrial Policy, International Trade and Finance, and Science and Technology
- Political Geography:
- United Kingdom and Chile
3366. Making Connections for Africa: Constituencies, Movements, Interest Groups, Coalitions, and Conventional Wisdoms
- Author:
- William Minter
- Publication Date:
- 03-1997
- Content Type:
- Working Paper
- Institution:
- Africa Policy Information Center
- Abstract:
- This paper was prepared by APIC Senior Research Fellow William Minter for the Constituency Builders' Dialogue organized by the Africa Policy Information Center, held at Airlie House, Warrenton, Virginia, over the weekend of January 10-12, 1997. The Dialogue was designed as an opportunity for a diverse group of activists from different sectors of Africa advocacy work in the United States to step back, reflect and engage in dialogue on the strategic directions for grassroots Africa constituency-building in the current period. The Dialogue was made possible by a grant from the Carnegie Corporation of New York, and by ongoing support from the Ford Foundation.
- Topic:
- Foreign Policy, Government, and Politics
- Political Geography:
- Africa, United States, and New York
3367. Future Prospects for the U.S. Defense Budget and Their Implications for Our Asian Alliance Commitments
- Author:
- Andrew Krepinevich
- Publication Date:
- 08-1997
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- This talk addresses two issues. First, given the level of American defense spending, are there enough resources available to sustain the U.S. presence in East Asia, over the long term, along the lines of the current commitment of approximately 100,000 troops? Second, even if there is adequate funding to maintain forward deployed troops, are these the kinds of investments we ought to be making, given the transformations we are seeing in the geopolitical environment and, I would argue, the military-technical environment? Will these investments, in other words, achieve American security objectives in East Asia over the next ten to twenty years?
- Topic:
- Security, Foreign Policy, Defense Policy, and Government
- Political Geography:
- United States, America, Israel, East Asia, and Asia
3368. 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:
- 01-1997
- 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 the 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 national 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:
- International Relations, Democratization, Development, and Government
- Political Geography:
- Europe, Maryland, and Westphalia
3369. Liberals, Radicals, and Women's Citizenship in Chile, 1872-1930
- Author:
- Erika Maza Valenzuela
- Publication Date:
- 11-1997
- Content Type:
- Working Paper
- Institution:
- Kellogg Institute for International Studies
- Abstract:
- This paper analyzes women's organizations in the anticlerical-and middle- to upper-class-segment of Chilean society from the late nineteenth century to 1930. It focuses on their leaders' positions regarding women's rights, especially the suffrage. The feminist organizations within the anticlerical segment developed later than the Catholic ones and they had less contact with women in the popular sectors. These organizations had varying degrees of anticlericalism. Some of their members were free thinkers, a few were Protestant, and many of them were Catholics who were critical of the clergy's influence in society and politics. This paper shows that, during the period studied here, the anticlerical leaders, both men and women, were opposed to granting women full suffrage rights. They argued that, before voting, women should be given their civil rights and access to secular education under state auspices. However, even after the Civil Code had been partially modified and the number of women with secular secondary education had become roughly equal to that of men in the mid 1920s, anticlerical leaders still only supported the vote for women in municipal elections. By enfranchising women only for local elections, anticlerical leaders-Liberals and Radicals-sought to 'educate' women politically while preventing them from tipping the balance of forces benefiting the Conservative Party in legislative and presidential elections. Catholic-Conservatives had been more inclusive of women in education, social life, and politics since the mid-nineteenth century, and for this reason they had a greater capacity to appeal for women's votes.
- Topic:
- Gender Issues and Government
- Political Geography:
- Latin America
3370. The Origins of Hungary's 1989 Electoral Law
- Author:
- John W. Schiemann and Kenneth Benoit
- Publication Date:
- 05-1997
- Content Type:
- Working Paper
- Institution:
- Weatherhead Center for International Affairs, Harvard University
- Abstract:
- Theories which explain the origins of institutions as the product of struggles for distributive advantage provide only a general framework with no conceptualization of the bargaining process and few applications to empirical cases. We address both problems and extend the distributive theory of institutional origins by drawing on a unique set of data to examine the creation of the Hungarian electoral law of 1989. Arguing that outcomes are shaped by four mechanisms arising from bargaining - time preferences, the credibility of threats and promises, mimicked fairness, and symmetrical division - we develop observable implications of these mechanisms and test them empirically by analyzing the bargaining which produced the multiple rules of Hungary's complex electoral system. Not only does the Hungarian case confirm the bargaining mechanism theory of institutional origins, but the theory also explains many curious features of the Hungarian electoral institutions, including its surprising combination of extraordinary complexity and unusual stability.
- Topic:
- Democratization and Government
- Political Geography:
- Eastern Europe