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1. The Implications of Financial Development for Economic Growth in CEMAC

Author:
Jean-Cedric Kouam
Publication Date:
02-2023
Content Type:
Working Paper
Institution:
The Nkafu Policy Institute
Abstract:
In recent years, the Economic and Monetary Community of Central Africa (CEMAC) has experienced sluggish economic growth. This has fallen from 4.86% in 2010 to 0.04% in 2021 (World Bank, 2021), a drop of 4.82 percentage points in a decade. In addition to the high vulnerability of economies to exogenous shocks, several economists such as Asteriou & Spanos (2019) attribute the slowdown in growth to the underdevelopment of the financial sector. In CEMAC, the access of populations to mobile money or commercial bank deposit services has undoubtedly become insufficient to keep economies on a sustainable and inclusive growth path. This article reviews the evolution of financial development indicators in the CEMAC zone since 2013, and its impact on the performance of states in terms of economic growth. We use secondary data collected from the World Bank and the Bank of Central African States (BEAC), between 2013 and 2021. The analysis provides public authorities in CEMAC with arguments to promote financial development in the sub-region to boost economic growth, and better take advantage of the opportunities of the African Continental Free Trade Area (AfCFTA). The paper is structured in two sections. Section 1 presents the evolution of financial development indicators in CEMAC and section 2, the implications for economic growth and sustainable development.
Topic:
Development, Regional Cooperation, Finance, Economic Growth, and CEMAC (Central African Economic and Monetary Community)
Political Geography:
Africa and Central Africa

2. The African Continental Free Trade Area: A boon for the “Africa We Want” by 2063?

Author:
Jean-Cedric Kouam
Publication Date:
01-2023
Content Type:
Working Paper
Institution:
The Nkafu Policy Institute
Abstract:
One of the major objectives set by the African Union (AU) in Agenda 2063, is to achieve a “prosperous Africa, based on inclusive and sustainable growth”. To ensure the prosperity of the people, especially of women and youth, member states have, in the first ten years of the adoption of this agenda, taken a number of initiatives to strengthen economic integration of the continent. Among these initiatives, the implementation of the African Continental Free Trade Area (AfCFTA) in January 2021, occupies a prominent place. In launching the AfCFTA, and making it effective, the intention of the AU is to overcome the historical fragmentation and isolation of the various African economies. The challenge is to open them up to new global trade opportunities and improve transport and communication links across the continent. However, not all AU member countries have ratified this major project. The objective of this article is to take stock of the economic integration process that has been set in motion with the effective entry into force of the AfCFTA. It highlights, on the one hand, the main reasons that justify the reluctance of states that have not yet signed the AfCFTA agreement and, on the other hand, outlines the opportunities offered by AfCFTA for an Africa that wants to emerge as a strong, united and influential player and partner on the world stage.
Topic:
International Trade and Finance, Regional Cooperation, Free Trade, and African Union
Political Geography:
Africa

3. Recipe for Success: Israeli and Lebanese Analytical Perspectives on the Maritime Delimitation Negotiations

Author:
The Geneva Centre for Security Policy
Publication Date:
03-2023
Content Type:
Working Paper
Institution:
The Geneva Centre for Security Policy
Abstract:
The Israel-Lebanon maritime boundary agreement is not a direct agreement between the two countries, but rather two separate agreements with the United States. It is unique: the first such agreement reached between countries with no diplomatic relations, the first between adjacent states in the Eastern Mediterranean, and the first in the region to be resolved through indirect negotiations facilitated by a mediator. A confluence of domestic and geopolitical events contributed to the signing of the agreement, including elections in Israel, the deterioration of Lebanon’s economy and the country’s descent into political crisis, and the consequences of Russia’s invasion of Ukraine for the global energy market. Effective mediation between parties was more important than the degree of trust the parties had in the mediator or the mediator’s relative neutrality on the issue. The United States was not an unbiased mediator, but because of its own incentives to deliver an agreement and its leverage over both parties it was the only possible one. International oil and gas companies influenced the negotiations, but did not directly participate in them. Due to their vested interest in securing their existing or prospective investments, they used public communications and discrete engagements with the Israeli and Lebanese governments to encourage a deal. This agreement could serve as a model for other maritime disputes by demonstrating at least two things. Firstly, solutions can be achieved when parties delink their maritime negotiations from the core issues in their bilateral relationship. Secondly, if two sides are committed to reaching an agreement, the international law of the sea is sufficiently flexible for them to find a solution, even when one party is a signatory of the UN Convention on the Law of the Sea and the other is not.
Topic:
Diplomacy, Regional Cooperation, Maritime, and Negotiation
Political Geography:
Middle East, Israel, and Lebanon

4. Disaster Management in Southeast Asia: 20 Years of Progress and Challenges

Author:
Mely Caballero-Anthony, Alistair D B Cook, and Jonatan Anderias Lassa
Publication Date:
03-2023
Content Type:
Commentary and Analysis
Institution:
Centre for Non-Traditional Security Studies, S. Rajaratnam School of International Studies
Abstract:
The management of consequences arising from natural hazards in Southeast Asia has seen laudable advancement in the last 20 years. The Association of Southeast Asian Nations (ASEAN) has played a positive role in this progress. However, there is emerging disaster policy inertia that reflect local realities at the ASEAN and global levels.
Topic:
Regional Cooperation, Regionalism, and Disaster Management
Political Geography:
Asia and ASEAN

5. Examining Changes in Regional Cooperation in Central Europe from a Polish Perspective

Author:
Tomasz Żornaczuk
Publication Date:
06-2023
Content Type:
Working Paper
Institution:
The Polish Institute of International Affairs
Abstract:
The Visegrad Group (V4), until recently the most active and multidimensional cooperation platform in Central Europe, does not serve currently to strengthen the voice of the region on the most essential issues concerning its security. This is because Hungary’s stance on Russia’s attack on Ukraine is different than that of its partners. That is why Poland is tightening relations with the other Visegrad countries—Czechia and Slovakia. At the same time, Poland is also intensifying cooperation with the Baltic states, which has its source in joint actions on security and eastern affairs in the years preceding the war.
Topic:
Security, Foreign Policy, Regional Cooperation, Visegrad Group, and Russia-Ukraine War
Political Geography:
Russia, Ukraine, Poland, Hungary, Central Europe, Slovakia, and Czechia

6. EU Development Cooperation Policy Shifts from Charity to Self-interest

Author:
Patryk Kugiel
Publication Date:
06-2023
Content Type:
Working Paper
Institution:
The Polish Institute of International Affairs
Abstract:
In recent years, the EU’s development cooperation policy has evolved, moving away from an approach based on poverty eradication and the needs of partner countries to focusing more on its own interests. This change is supported by the majority of EU members. This gives the EU the opportunity to exert strategic influence in the world but risks the loss of its unique identity as an altruistic donor and attractive partner in development cooperation. The change in the Union’s approach is consistent with the position of Poland, which can use it to reform and strengthen its development aid system.
Topic:
Development, Regional Cooperation, European Union, and Development Aid
Political Geography:
Europe and Poland

7. Towards a Fuzzy World Order: What Role for NATO

Author:
Richard Higgott and Simon Reich
Publication Date:
06-2023
Content Type:
Journal Article
Journal:
Turkish Policy Quarterly (TPQ)
Institution:
Turkish Policy Quarterly (TPQ)
Abstract:
Bi-polarity, multi-polarity, the end of globalization, or Cold War v. 2.0. New explanations of world order abound. Often, they are asserted rather than reasoned by pundits looking for their 15 minutes of fame. This paper is much more modest. It eschews grand statements about world order. Rather we demonstrate that the future is far less clear cut and predetermined. Yes, a global binary is emerging around U.S.-China competition, but it is what we describe as fuzzy bifurcation. If our analysis is accurate, then it affects the behavior of other actors differently than a tight bi-polar system. In this paper we look at the implications of a fuzzy bifurcation of world order for that most important of alliances – NATO.
Topic:
Security, Defense Policy, NATO, Regional Cooperation, and Military Strategy
Political Geography:
Europe and North America

8. European Security, Eurasian Crossroads?

Author:
Zachary Paikin and Christos Katsioulis
Publication Date:
07-2023
Content Type:
Commentary and Analysis
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
The NATO summit in Vilnius taking place from 11 to 12 July 2023 marks another step towards deepening the relationship between Ukraine and the collective West. When paired with the EU’s reinvigorated enlargement process, there is a growing tendency to assume that Washington and Brussels can – or even must – set the terms of the European security order without input from Moscow. However, in a world of ‘mega-regions’ and competing visions of international order, cooperative security remains relevant if the EU wishes to salvage some degree of rules-based order in the space that connects Europe with Eurasia. As first steps in this direction, the EU should work to keep the OSCE operational, launch a limited dialogue with Belarus on arms control, and envision a future for the European Political Community that someday includes Russia.
Topic:
Security, NATO, Regional Cooperation, European Union, and International Order
Political Geography:
Europe and Eurasia

9. What is Kosovo’s position in regional security cooperation?

Author:
Dorjeta Rukiqi
Publication Date:
07-2023
Content Type:
Policy Brief
Institution:
Kosovar Centre for Security Studies (KCSS)
Abstract:
Regional Cooperation is central to stability of the Western Balkans (WB), which is also recognized by the European Union (EU), and it is a key condition in the European integration process of all six countries of the region. Regional cooperation is included in different chapters of the acquis, including chapters 23 and 24 of the acquis. For Kosovo, regional cooperation is part of the Stabilization and Association Agreement (SAA) with the EU, which constitutes a contractual obligation. In the context of the European integration, the main platform for regional cooperation has been the Berlin Process, launched in 2014 and Kosovo has actively participated in this platform. In 2012, in the context of the normalization dialogue between Serbia and Kosovo, the parties agreed with the so-called ‘’footnote agreement’’ which is meant to facilitate participation of Kosovo in regional cooperation initiative. However, the agreement is seen as controversial in Kosovo, and the country faces challenges to fully participate and integrate in regional cooperation initiatives. Of particular relevance for Kosovo in regional cooperation, is security. Kosovo's representation in regional security cooperation initiatives is limited, and often facilitated by organizations like NATO, EULEX, and UNMIK. In addition to the political hurdles for participation and integration in regional security cooperation initiatives, even in those organizations or initiatives that it has managed to secure membership, Kosovo is often under represented, particularly in leadership roles. For instance a study from 2021 shows that only nine percent of staff in regional organizations hailed from Kosovo. Consequently, despite being part of multiple regional security cooperation initiatives, Kosovo's position remains unequal compared to other member states of the WB.
Topic:
Regional Cooperation, European Union, Political stability, and Regional Security
Political Geography:
Eastern Europe and Kosovo

10. Citizens’ Perceptions on Foreign Actors Influence in Kosovo and Regional Cooperation

Author:
Dorjeta Rukiqi
Publication Date:
07-2023
Content Type:
Special Report
Institution:
Kosovar Centre for Security Studies (KCSS)
Abstract:
The general perception of respondents towards Western countries such as the USA (91 percent), Germany (90 percent), Austria (84 percent), and the United Kingdom (83 percent) is positive. Conversely, negative perceptions are held towards states that do not recognize Kosovo, such as Russia (86 percent), Greece (69 percent), China (65 percent), Spain (61 percent), and Iran (49 percent). The positive impact of Western actors in Kosovo is evident in their aid, assistance, and support throughout the state-building process of Kosovo. Their foreign agendas, aimed at promoting democracy and providing economic and financial support, have greatly facilitated Kosovo’s advancement as a young state. Conversely, perceptions of malign influences align with the hindrances posed by countries like Russia, China, and Spain. These nations have impeded Kosovo’s progress by obstructing its participation in crucial processes, blocking its membership in international organizations, refusing to acknowledge its independence, and disregarding its institutions. These actions have contributed to the negative perceptions of these countries among respondents, reflecting their adverse impact on Kosovo’s development. Regarding regional countries, 90 percent of the respondents view Albania as having the most positive impact, while Serbia is perceived as the regional country with the most negative impact. In terms of regional cooperation, 69 percent of respondents support it, while 24 percent oppose it. Similarly, 70 percent of respondents support the free movement of labor and goods within the region, while 24 percent hold an opposing view. However, only 31 percent of respondents support the so-called Open Balkan Initiative, while 52 percent are against it. The Open Balkan Initiative, a regional effort to promote cooperation in the Western Balkans, has elicited a mixed response among the public in Kosovo. The lack of a clear written statute and undefined objectives have led to confusion, with many perceiving the initiative as a means for Serbia to consolidate its dominance in the region. These factors contribute to the complex dynamics and uncertainties surrounding the Open Balkan Initiative in Kosovo. Respondents who support the Open Balkan Initiative argue that it improves regional cooperation, establishes freedom of movement in the region, generates employment, and fosters economic development. On the other hand, those who oppose it argue that it empowers Serbia, discriminates against Kosovo’s position in the region, and weakens Kosovo’s economy.
Topic:
Regional Cooperation, Public Opinion, Citizenship, Regional Integration, and Survey
Political Geography:
Eastern Europe and Kosovo