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92. The Novel Coronavirus Outbreak and Its Political/Economic Impact on China
- Author:
- Li Hao
- Publication Date:
- 03-2020
- Content Type:
- Commentary and Analysis
- Institution:
- Japan Institute Of International Affairs (JIIA)
- Abstract:
- As of March 9, 2020, instances of pneumonia attributable to the novel coronavirus (COVID-19) have appeared in more than 100 countries; more than 80,000 persons have been infected in China, of whom over 3,000 have died. These infections have spread to Japan, South Korea, Italy, Iran and elsewhere, devastating global exchange and economic activity. This paper offers a brief examination of the political and economic impact of this outbreak on China.
- Topic:
- Economics, Politics, and COVID-19
- Political Geography:
- China, Asia, and Global Focus
93. The Impacts of the New Coronavirus Pandemic on the Global Economy: A Nontechnical Summary
- Author:
- Kensuke Yanagida
- Publication Date:
- 04-2020
- Content Type:
- Commentary and Analysis
- Institution:
- Japan Institute Of International Affairs (JIIA)
- Abstract:
- As of April 5, 2020, there are 177 countries/regions confirming cases of new coronavirus infections (COVID-19), making this an unprecedented pandemic. With the number of infected people increasing and medical systems under severe pressure, measures such as lockdowns and border restrictions have been tightly imposed in most countries/regions. As a result, economic activities in both production and consumption have been temporarily halted. Indeed, the pandemic is creating a situation that is simultaneously freezing the global economy. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), said that the impact of the Corona Shock on the global economy could be "far worse" than that of the 2008-2009 global financial crisis (also known as the Lehman Shock). How much impact will the unprecedented pandemic have on the global economy? In this paper, the author will quantitatively analyze the impact of the Corona Shock using an applied general equilibrium model (Computable General Equilibrium (CGE)). The estimation results show that the longer the COVID-19 outbreak continues and the greater the spread of infections, the greater the negative impact on the global economy. The impact is forecast to be at or even above the level of the Lehman Shock.
- Topic:
- Economy, Crisis Management, and COVID-19
- Political Geography:
- Global Focus
94. Coronavirus Crisis Accelerating Reconsideration of Supply Chains
- Author:
- Yoshiaki Takayama
- Publication Date:
- 05-2020
- Content Type:
- Commentary and Analysis
- Institution:
- Japan Institute Of International Affairs (JIIA)
- Abstract:
- Amid the COVID-19 pandemic, international interdependence is changing. The current international political situation, characterized by harsh power politics, and the current state of the international economy, in which states with different values are economically connected, are leading to reconsideration of international supply chains. Understanding international supply chains is extremely important in looking at the prospects for the global political economy. The purpose of this comment is to explore the trends and implications of reconsidering supply chains.
- Topic:
- Politics, Global Political Economy, COVID-19, and Supply Chains
- Political Geography:
- Global Focus
95. Entry into Force of the TPNW: Challenges for Revitalizing Nuclear Disarmament
- Author:
- Hirofumi Tosaki
- Publication Date:
- 11-2020
- Content Type:
- Commentary and Analysis
- Institution:
- Japan Institute Of International Affairs (JIIA)
- Abstract:
- On October 24, 2020, Hondulas deposited its instrument of ratification of the Treaty on the Prohibition of Nuclear Weapons (TPNW), bringing the number of countries that have ratified the treaty to over 50. In accordance with Article 15, the Treaty will thus enter into force 90 days later, that is, on January 22, 2021. The TPNW, which was adopted at the UN General Asembly in July 2017 with the approval of 122 countries, is the first treaty on nuclear weapons to prohibit its States Parties to (a) develop, test, produce, manufacture, acquire, possess, or stockpile, (b) transfer, (c) receive, (d) use or threaten to use, (e) assist, encourage, or induce anyone to engage in any activity prohibited to a State Party, (f) seek or receive any assistance from anyone, to engage in any activities prohibited to a State Party, and (g) allow any stationing, installation, or deployment of nuclear weapons (Article 1). Considering the enthusiasm of the proponent countries and NGOs, including the International Campaign for the Abolition of Nuclear Weapons (ICAN), at the time of the adoption of the TPNW, it looks to have taken some time for the Treaty to come into effect. In addition, at the time of writing, the signatories were limited to 84 countries. Furthermore, Sweden and Switzerland, both of which voted in favor of its adoption, have stated their intentions not to sign the Treaty at present. Nevertheless, given the challenging situation surrounding nuclear disarmament, including the demise of the Intermediate-Range Nuclear Forces (INF) Treaty and the difficulty of extending the New Strategic Arms Reduction Treaty (New START), proponents of the TPNW are exploring ways of using this opportunity of its entry into force to increase the number of States Parties and reinvigorate international and domestic public opinion.
- Topic:
- Nuclear Weapons, Treaties and Agreements, and Disarmament
- Political Geography:
- Global Focus
96. The ICRC’s Changing Role In International Humanitarianism
- Author:
- Peter Maurer
- Publication Date:
- 06-2020
- Content Type:
- Commentary and Analysis
- Institution:
- Brown Journal of World Affairs
- Abstract:
- Peter Maurer is the President of the International Committee of the Red Cross (ICRC). This interview was conducted at the beginning of March, before the COVID-19 outbreak had reached pandemic levels. Since that time, the ICRC has been adapt- ing its operations to respond to the disease’s impacts in conflict-affected countries. President Maurer wrote about his concerns for vulnerable populations in an opinion column in The Guardian, published 27 March 2020.
- Topic:
- Health, Humanitarian Aid, Humanitarian Intervention, Violence, Civilians, Medicine, Red Cross, and ICRC
- Political Geography:
- Global Focus
97. The Future Of Microfinance
- Author:
- Muhammad Yunus
- Publication Date:
- 06-2020
- Content Type:
- Commentary and Analysis
- Institution:
- Brown Journal of World Affairs
- Abstract:
- Muhammad Yunus is an economist and the founder of Grameen Bank, which provides microcredit to the impoverished without requiring collateral. Yunus and Grameen were awarded the Noble Peace Prize in 2006.
- Topic:
- Development, International Trade and Finance, Capitalism, Finance, and Microcredit
- Political Geography:
- Global Focus
98. Global Trade Cooperation after COVID-19: What is the WTO's Future?
- Author:
- Peter Draper
- Publication Date:
- 02-2020
- Content Type:
- Commentary and Analysis
- Institution:
- Institute for Development and Peace
- Abstract:
- International trade cooperation has been under growing strains since at least the turn of the twenty-first century. Forces promoting global trade integration were in the ascendancy for most of the first decade. They were anchored on com- plex production specialisation mediated through cross-border value chains, underpinned by con- sumer demand for a variety of cost-effective prod- ucts, and cemented through regional and bilateral trade agreements. However, since 2008, succes- sive shocks unleashed cumulative disintegrative forces that counter-balanced and now threaten to overwhelm the forces of integration. These com- prise rising nationalism, associated desires for sovereignty, growing concerns over uneven distri- bution of the benefits of economic globalisation, shifting international power balances and associ- ated security concerns. These disintegrative forces threaten to unravel the World Trade Organization (WTO). COVID-19 mostly accelerates this trajec- tory, rendering WTO reform and restoration to its central role at the apex of the global trading sys- tem increasingly challenging. But all is not lost, as the forces of global trade integration have not dissipated and every crisis also presents reform opportunities.
- Topic:
- International Cooperation, International Trade and Finance, World Trade Organization, Public Health, Pandemic, and COVID-19
- Political Geography:
- Global Focus
99. Tech Power to the People! Democratising Cutting-edge Technologies to Serve Society
- Author:
- Renata Avila Pinto
- Publication Date:
- 03-2020
- Content Type:
- Commentary and Analysis
- Institution:
- Institute for Development and Peace
- Abstract:
- Governments all over the world are adopting cutting-edge technologies to experiment with quicker, cheaper and more efficient delivery of services traditionally provided by human beings. From citizen security to allocation of social ben- efits, technologies are being deployed at a rapid pace, the aim being to serve people better, reduce costs and enhance accountability. The results are mixed. In some cases, the technologies exclude entire groups of the population, thereby exacer- bating race, gender or economic inequalities. In other cases, technology is used to surveil specific groups or communities, eroding their right to pri- vacy. And there are no clear remedies to mitigate the harm done by machines or to increase the accountability of those deploying the systems. However, when designing tech interventions, universal human rights, democratic rules and the Sustainable Development Goals (SDGs) should shape the initiatives of the public sector. An important prerequisite is a higher degree of autonomy from big tech companies. Further- more, participatory design and testing in collabo- ration with the communities the technologies are intended to serve are needed, not only to avoid harm but to increase effectiveness and quality.
- Topic:
- Development, Science and Technology, Governance, Inequality, and Sustainability
- Political Geography:
- Global Focus
100. Responsibility to Protect and the World in 2020
- Author:
- Simon Adams
- Publication Date:
- 02-2020
- Content Type:
- Commentary and Analysis
- Institution:
- The Global Centre for the Responsibility to Protect
- Abstract:
- This year the world will celebrate the 75th anniversary of the adoption of the Charter of the United Nations. But celebrations recognizing this historical landmark will occur at a time when the entire post-1945 structure of human rights, humanitarianism and multilateral diplomacy are under threat. Not since the UN was first formed have so many people been displaced by persecution, conflict and war. Not since the peak of the Cold War has the UN Security Council appeared so bitterly divided and incapable of decisive action. And as a new decade begins, there are renewed threats to international peace and security, and fresh assaults on human dignity.
- Topic:
- Genocide, Human Rights, Social Movement, Refugees, Syrian War, Responsibility to Protect (R2P), and UN Security Council
- Political Geography:
- China, Yemen, United Nations, Syria, Chile, Myanmar, Global Focus, and Xinjiang