Content Type: Journal Article / Political Geography: / Topic: Economics

501. The Opportunities and Challenges for President Dilma Rousseff

Author:: Roberto Setubal
Publication Date:: 06-2011
Content Type:: Journal Article
Journal:: Americas Quarterly
Institution:: Council of the Americas
Abstract:: Gradually and firmly over the past 15 years, Brazil has consolidated a stable democracy, broken free from macroeconomic instability, and taken remarkable steps toward alleviating poverty and reducing a historically high level of income inequality. The country that welcomed Dilma Rousseff as its new president on January 1 is also the country that will host the 2014 World Cup and the 2016 Summer Olympics. Ms. Rousseff has a chance to push Brazil further along the road to development. To get there, she must maintain the achievements of the past and persevere in making the changes that Brazil needs. The opportunities are big—so are the challenges. Brazil's political, economic and social advances have paved the way for the development of a large consumer market. This puts the country in a position to benefit from today's global marketplace. Consumer spending in advanced economies is flattening out. At the same time, with their large potential consumer markets, emerging markets are becoming “consumers of last resort,” attracting an increasing share of global resources. Brazil is one of them. A new, larger middle class is now emerging. From 2003 to 2009, about 35.7 million people joined Brazil's middle-class income bracket. By 2014, Brazilian economists and business leaders estimate that another 30 million will have made that move. This development will have far-reaching implications for businesses, but also for society as a whole. Investment is very likely to rise in the years ahead. New projects now follow the expected consumer patterns of this new middle class. Investment is spurred by macroeconomic stability and other developments that have increased confidence and enabled a slow but steady decline in real interest rates. This has lowered the cost of capital and stimulated credit and capital markets. Investments will also increase for more specific reasons. First, the new deepwater oil fields will require vast financial resources and new technology, allowing Brazil's oil production to double by 2020. Second, pent-up demand for housing will be a catalyst for investment, since a significant number of Brazilians still live in sub-standard homes. Third, the World Cup and Olympics will require investments on a considerable scale. Preparing for these large sports events will benefit diverse sectors of the economy, through spending on ports and airports, urban transportation, sports facilities, hotels, telecommunications, energy, and security. Tourism is likely to benefit during the games, and also afterward. Nevertheless, with public and private domestic savings at their current low levels, Brazil will need to continue tapping external savings to finance growth. That means a larger current-account deficit and an exchange rate appreciated by capital inflows. Brazil will have to make the most of its available resources. It will be essential to create an environment that is conducive to private sector saving and investment. Ensuring stable macroeconomic conditions is critical. Remaining market-friendly in a well-regulated environment is also crucial for healthy and abundant financing. A well-established institutional design for regulatory agencies, which instills the necessary confidence that the private sector can undertake major, long-term projects, is indispensable. A great deal can be achieved through small but focused changes, instead of ambitious but often unrealistic regulatory agendas. The advance in credit regulation in Brazil is one such example. Developing a deeper market for private, fixed-income securities is important, but there needs to be a liquid secondary market, so that families have more confidence in extending the maturities on their investments. Just as we have such a market for equities, we can have one for fixed-income securities...
Topic:: Security and Economics
Political Geography:: Brazil

502. Puncturing the 4 Myths about Latin America

Author:: Raul Rivera
Publication Date:: 06-2011
Content Type:: Journal Article
Journal:: Americas Quarterly
Institution:: Council of the Americas
Abstract:: Most people have grown used to thinking about Latin America as a region of marginal global importance: painfully poor, violent, politically and economically unstable and, to top it all, fragmented into some 20-odd countries, each one different from the other. So when Jerry Wind, founding editor of Wharton School Publishing, invited me to speak on Latin America at a Wharton conference aimed at senior U.S. executives, I wondered what a group of U.S. businesspeople would be interested to hear about the region. Who, after all, would want to do business in a place like that? But how accurate are those perceptions? As I prepared for my talk, my conclusion was: not much. Let's address the four principal myths about the region one by one. Myth 1: Latin America Really Does not Matter Economically To start, the territory of continental Latin America is larger than the U.S. and China combined, four times larger than the European Union, and seven times larger than India—a country roughly the size of Argentina. With almost every ecosystem represented, it is in fact the world's most biodiverse region, containing five of the world's ten most biodiverse countries. The region's bio-capacity (the biological productivity of the land measured in hectares per capita) is also larger than any other's. Witness the region's role in the global food chain: it is the largest producer of soybeans, coffee, sugar, bananas, orange juice, a leading fishmeal producer, and a major grain and meat exporter. Its mineral riches keep world industry running: silver, gold, copper, zinc, lead, tin, bismuth, molybdenum, rhenium, telurium, borium, strontium—you name it. And it produces one out of every six barrels of oil. In fact, much of the global community depends on Latin America's vast riches for its prosperity—indeed, for its survival. To that point: the Amazon basin plays a crucial role in the recycling of atmospheric carbon, absorbing one fourth of all global emissions. Latin America's population, now approaching 600 million, is twice that of the U.S. and significantly larger than the combined population of the European Union. Those numbers do not include some 50 million U.S. permanent residents and citizens who trace their origins back to the region (and keep close ties with it). By 2050, the region's population will have risen to an estimated 800 million. Latin America is not poor either. It boasts a per-capita GDP similar to the global average: $10,000. It is no richer or poorer than the rest of the world. In fact, 400 million people, or two-thirds of all Latin Americans, already belong to the global middle class, with their purchasing power fueling much of Latin America's growth. With some 200 million people still living in poverty, Latin America's poor are still numerous. But their ranks are declining fast, at a rate of 5 million a year over the past decade. As a result, its Gini coefficient improved by 10 percent between 2002 and 2008. In brief: the world's poor are now elsewhere—mainly in Asia and Africa. A population this large combined with average income levels have turned Latin America into the fourth largest economy in the world, with a regional GDP of some $6 trillion (purchasing power parity). That is larger than that of Russia and India's combined—larger, in fact, than that of any country or region other than the U.S., the EU and China. Not bad for a “region of marginal importance.” You could argue that Latin America's fragmentation into small, separate markets makes all the difference. But you would be wrong. As a result of the free-market reforms of the past decades, Latin America's economy is now the most open to trade in the developing world, with average tariffs down to 10 percent or less. Intraregional trade is booming. Most significantly, Chile, Colombia, Mexico, and Peru have signed bilateral free-trade agreements (with both the EU and the U.S., though Colombia's is waiting for the U.S. Congress' approval). These agreements are giving rise to a free-trade zone of some 200 million consumers, larger than Brazil and fully open to global trade. Surprisingly, it does not yet have a name—or a space among the BRICs. It will, though. Let's name these four countries the L-4 for now...
Topic:: Economics and Poverty
Political Geography:: United States, Europe, India, Brazil, Colombia, Latin America, Mexico, Chile, and Peru

503. What Happened to the North American Idea?

Author:: Robert A. Pastor
Publication Date:: 06-2011
Content Type:: Journal Article
Journal:: Americas Quarterly
Institution:: Council of the Americas
Abstract:: Two decades ago, the leaders of Canada, Mexico and the United States forged an agreement that transformed North America from just a geographical expression to the world's most formidable economic entity. The North American Free Trade Agreement (NAFTA) eliminated most of the trade and investment barriers that had segmented the continent. Within a decade, trade among the three countries tripled and foreign direct investment (FDI) quintupled. By 2001, the three nations of North America accounted for 36 percent of the world product—up from 30 percent in 1994. And while many economists have waxed enthusiastic about the growing power of Brazil, U.S. trade with Mexico today is more than six times larger than its trade with Brazil. Unfortunately, since 2001 regional cooperation has stagnated. NAFTA, designed to expand trade and investment, has proven too limited in addressing the current issues facing the three countries. The time has come for the leaders of North America to recommit to regional integration if they want to effectively address the policy issues facing the region. For example, in the wake of the 2008 financial crisis, NAFTA can play a major role in job creation. A revamped agreement can potentially double exports and allow North America to once again compete with integrated markets in Asia and Europe. Beyond jobs, enhanced coordination and information sharing among NAFTA partners will allow for better control of immigration and the flow of illicit drugs across our borders. Finally, strengthening ties will begin to close the development gap between Mexico and its two neighbors, fortifying the economic and political bloc. The Rise and Fall of North America Though NAFTA has long faded from the headlines, the agreement's first years showed much promise. When the North American market was created in 1992, the impact was almost immediate. Contrary to the claim by U.S. presidential candidate Ross Perot that American jobs would be “sucked” into Mexico, the dramatic increase in North American trade coincided with the largest wave of job creation in U.S. history. Between 1992 and 2000, roughly 22 million jobs were added in the U.S., while trade with and FDI in Canada and Mexico grew more than 17 percent each year. The combination of expanded trade and investment meant that the three countries were actually making products together rather than just trading them. By combining U.S. capital and technology with Mexico's cheaper labor and Canada's abundant resources, the enlarged North American market experienced rapid growth, while Europe stagnated. From the onset of the U.S.-Canadian Free Trade Agreement in 1988 to 2001, trade among Mexico, Canada and the U.S., as a percentage of their trade with the world, leapt from 36 percent to 46 percent. The decline of the integration idea could be dated to the spring of 2001, when Presidents Vicente Fox of Mexico and George W. Bush of the U.S. met Canadian Prime Minister Jean Chrétien in Québec. Fox and his Foreign Minister Jorge Castañeda arrived with a suitcase filled with proposals, such as a North American Commission, a “cohesion” fund to reduce the development gap, a customs union and an immigration agreement. But Chrétien was not interested in including Mexico in Canada's talks with the U.S., and Bush rejected any new multilateral institution or fund. The opportunity for progress was lost. The share of trade among the three countries as a percentage of their trade with the rest of the world dropped from 46 percent in 2001 to 40 percent in 2009—almost to pre-NAFTA levels. The average annual growth of trade among the three countries declined by two-thirds, while growth of foreign direct investment decreased by one-half…
Topic:: Development and Economics
Political Geography:: United States, Canada, Brazil, North America, and Mexico

504. The Americas Go Glocal

Author:: Saskia Sassen
Publication Date:: 06-2011
Content Type:: Journal Article
Journal:: Americas Quarterly
Institution:: Council of the Americas
Abstract:: There is little doubt that the North-South axis remains dominant for Latin America's geopolitical positioning. But new relations are emerging and deepening at subnational levels, in turn creating new intercity geographies and challenging that geopolitical notion. These relations are a direct product of economic and cultural globalization. Some examples are the shift of migration from Ecuador and Colombia toward Spain rather than the U.S., the growing economic relations between Chinese businesses and organizations and São Paulo and Rio de Janeiro, and the emergent relations between these cities and Johannesburg, South Africa. The Internet has allowed a rapidly growing number of people to become a part of diverse networks that crisscross the world. And nongovernmental organizations (NGOs) from various parts of the world are establishing active connections over social struggles in Latin America. In other words, beneath the still-dominant North-South geopolitics, transversal geographies are growing in bits and pieces. One trend is the formation of intercity geographies as the number of global cities has expanded since the 1990s. These subnational circuits cut across the world in many directions. A second trend is the growth of civil society organizations and individuals who are connecting around the world in ways that, again, often do not follow the patterns of traditional geopolitics. The New, Multiple Circuits There is no such entity as the global economy. It is more correct to say there are global formations, such as electronic financial markets and firms that operate globally. But what defines the current era is the creation of numerous, highly particular, global circuits—some specialized and some not—interlacing across the world and connecting specific areas, most of which are cities. While many of these global circuits have long existed, they began to proliferate and establish increasingly complex organizational and financial foundations in the 1980s. These emergent intercity geographies function as an infrastructure for globalization, and have led to the increased urbanization of global networks. Different circuits contain different groups of countries and cities. For instance, Mumbai today is part of a global circuit for real estate development that includes investors from cities as diverse as London and Bogotá. Coffee is mostly produced in Brazil, Kenya and Indonesia, but the main place for trading its future is on Wall Street. The specialized circuits in gold, coffee, oil and other commodities each involve particular countries and cities, which will vary depending on whether they are production, trading or financial circuits. If, for example, we track the global circuits of gold as a financial instrument, it is London, New York, Chicago, and Zurich that dominate. But the wholesale trade in the metal brings São Paulo, Johannesburg and Sydney into the circuit, while trade in the commodity, much of it aimed at the retail level, adds Mumbai and Dubai. And then there are the types of circuits a firm such as Wal-Mart needs to outsource the production of vast amounts of goods—circuits that include manufacturing, trading, and financial and insurance services. The 250,000 multinationals in the world, together with their over 1 million affiliates and partnership arrangements worldwide, have created a new pattern of relations that combine global dispersal with the spatial concentration of certain functions often while retaining headquarters in their home countries. The same is true of the 100 top global advanced-services firms that together have operations in 350 cities outside their home base. While financial services can be bought everywhere electronically, the headquarters of leading global financial services firms tend to be concentrated in a limited number of cities. Each of these financial centers specializes in specific segments of global finance, even as they engage in routine types of transactions executed by all financial centers. It's not just global economic forces that feed this proliferation of circuits. Forces such as migration and cultural exchange, along with civil society struggles to protect human rights, preserve the environment and promote social justice, which also contribute to circuit formation and development. NGOs fighting for the protection of the rainforest function in circuits that include Brazil and Indonesia as homes of the major rainforests, the global media centers of New York and London, and the places where the key forestry companies selling and buying wood are headquartered—notably Oslo, London and Tokyo. There are even music circuits that connect specific areas of India with London, New York, Chicago, and Johannesburg. Adopting the perspective of one of these cities reveals the diversity and specificity of its location on some or many of these circuits, which is determined by its unique capabilities. Ultimately, being a global firm or market means entering the specificities and particularities of national economies. This explains why global firms and markets need more and more global cities as they expand their operations across the world. While there is competition among cities, there is far less of it than is usually assumed. A global firm does not want one global city, but many. Moreover, given the variable level of specialization of globalized firms, their preferred cities will vary. Firms thrive on the specialized differences of cities, and it is those differences that give a city its particular advantage in the global economy. Thus, the economic history of a place matters for the type of knowledge economy that a city or city-region ends up developing. This goes against the common view that globalization homogenizes economies. Globalization homogenizes standards—for managing, accounting, building state-of-the-art office districts, and so on. But it needs diverse specialized economic capabilities. Latin America on the Circuit This allows many of Latin America's cities to become part of global circuits. Some, such as São Paulo and Buenos Aires, are located on hundreds of such circuits, others just on a few. Regardless of the case, these cities are not necessarily competing with one other. The growing number of global cities, each specialized, signals a shift to a multipolar world. Clearly, the major Latin American cities have circuits that connect them directly to destinations across the world. What is perhaps most surprising is the intensity of connections with Asia and Europe. Traditional geopolitics would lead one to think that Latin America connects, above all, with North America. There is a strong tendency for global money flows to generate partial geographies. This becomes clear, for example, when we consider foreign direct investment (FDI) in Latin America, a disproportionate share of which goes to a handful of countries. In 2008, for example (a relative peak of FDI), FDI flows into Latin America were topped by Brazil at $45.1 billion, followed at a distance by Mexico at $23.7 billion, Chile at $15.2 billion, and Argentina with $9.7 billion. On average, between 1991–1996 and 2003–2008, FDI in Brazil increased more than five-fold while tripling in Chile and Mexico. Among the countries in the Latin American and Caribbean region receiving the lowest levels of foreign investment in 2008 were Haiti, at $30 million; Guyana, at $178 million; and Paraguay, at $109 million. Globalization and the new information and communication technologies have enabled a variety of local activists and organizations to enter international arenas that were once the exclusive domain of national states. Going global has also been partly facilitated and conditioned by the infrastructure of the global economy…
Topic:: Economics, Government, and Non-Governmental Organization
Political Geography:: United States, New York, America, South Africa, London, Colombia, Latin America, Mumbai, Sydney, Ecuador, Dubai, and Chicago

505. Ask the Experts: The New Brazil and The Changing Hemisphere

Author:: Kevin P. Gallagher, Arturo Sarukhan, Anne-Marie Slaughter, and Kurt G. Weyland
Publication Date:: 06-2011
Content Type:: Journal Article
Journal:: Americas Quarterly
Institution:: Council of the Americas
Abstract:: Do traditional models of international relations apply in Latin America?
Topic:: International Relations, Economics, Environment, and Government
Political Geography:: Brazil, Latin America, and Mexico

506. Letters and Replies

Publication Date:: 06-2011
Content Type:: Journal Article
Journal:: The Objective Standard
Institution:: The Objective Standard
Abstract:: No abstract is available.
Topic:: Economics and Education
Political Geography:: New York

507. Re-presenting Ireland: tourism, branding and national identity in Ireland

Author:: Michael Clancy
Publication Date:: 07-2011
Content Type:: Journal Article
Journal:: Journal of International Relations and Development
Institution:: Central and East European International Studies Association
Abstract:: This article examines sources of national identity formation under rapidly changing social and economic conditions. Specifically, it links constructivist notions of national identity formation and reformulation to the growing practice of nation branding. Following a discussion of the contributions of constructivism to the literature on national identity, the article summarises the emergence of nation branding as a contemporary strategy to promote a particular image of the nation to a specific audience. While that audience was once confined to political and economic elites, it has broadened in recent years to include potential tourists, diaspora communities and even one's own citizens. The case study of tourism branding in Ireland demonstrates that while the branding message often differs from reality, its content constitutes a powerful tool for the state in reinforcing a particular notion of national identity.
Topic:: Economics
Political Geography:: Ireland

508. Civilianising warfare: ways of war and peace in modern counterinsurgency

Author:: Colleen Bell
Publication Date:: 07-2011
Content Type:: Journal Article
Journal:: Journal of International Relations and Development
Institution:: Central and East European International Studies Association
Abstract:: This article examines the emergence of counterinsurgency doctrine in Coalition interventions in Afghanistan and Iraq. While counterinsurgency is complimentary to the tenets forwarded by its classical military predecessors in several respects, the article shows that it is also more than a refashioning of conventional military practice. Counterinsurgency is intimately tied to institutional practices that shape global liberal governance. It can be traced to dominant trends in international humanitarian, development and peace interventionism since the end of the Cold War and it deepens the links between the social development of war-affected populations and the politics of international security. Rather than simply a shift in military practice, counterinsurgency is distinguished by its investment in civilian modes of warfare. Counterinsurgency retells the narrative of intervention as part of the evolution of political and economic liberalisation, marking a passage from interventionary force to post-interventionary governance. Modern counterinsurgency, it is concluded, exposes the widening indistinction between contemporary modes of peace and those of war in international relations.
Topic:: International Relations, Cold War, Economics, War, Counterinsurgency, and Governance
Political Geography:: Afghanistan and Iraq

509. What is critical IPE?

Author:: Ian Bruff and Daniela Tepe
Publication Date:: 07-2011
Content Type:: Journal Article
Journal:: Journal of International Relations and Development
Institution:: Central and East European International Studies Association
Abstract:: International Political Economy (IPE) has, since its emergence in the 1970s, never been a settled discipline. From the beginning there have been disputes over whether one should seek to understand the agents acting within the international economic system or instead focus on ontological enquiries into the historical evolution of world order itself.
Topic:: Economics and Political Economy

510. Turkish Interests and Involvement in the Western Balkans: A Score-Card

Author:: Žarko Petrović and Dušan Reljic
Publication Date:: 07-2011
Content Type:: Journal Article
Journal:: Insight Turkey
Institution:: SETA Foundation for Political, Economic and Social Research
Abstract:: The vigor which has characterized the Turkish approach to the Western Balkans since the end of the Cold War has transformed the country into an important regional actor from its previous position as a distant neighbor that showed little interest. Although Turkey and the Western Balkan countries have in the meanwhile achieved the most intensive relationship since the dissolution of the Ottoman Empire, Turkey has not yet displayed the economic capacity and political weight that could make it compete with the magnetism of the European Union for Western Balkan countries. Turkish cultural influence, although significantly widened in the last few years, particularly through investments in educational institutions, is mostly limited to the Muslim population in the region. While potential EU membership remains the most important driver for the political elites in the region, the stalled EU membership prospects of both Turkey and the countries of the region might change this in the future.
Topic:: Cold War and Economics
Political Geography:: Turkey and Balkans

511. The art of declining politely: Obama's prudent presidency and the waning of American power

Author:: Adam Quinn
Publication Date:: 07-2011
Content Type:: Journal Article
Institution:: Chatham House
Abstract:: Predictions of 'American decline' have come and gone before, apparently in cycles, leading some to regard it as a cultural trope stemming from domestic insecurities rather than a serious prospect. There is reason to believe, however, that this time is different. Fundamental erosion of the United States' decades-long primacy may finally be at hand, and wise analysis should resist the temptations of contrarianism or denial. Critics of 'declinism' have offered important caveats with which we should qualify any overly simplistic or deterministic portrait of America's trajectory from hegemon to lesser status. This article gives such qualifications due weight while nevertheless seeking to steer our gaze back towards the core truth at the heart of the declinist thesis. That is: unless something very significant changes to jolt the course of events onto a different track, the relative power of the United States—measured in terms of its advantage over others in economic and military capacity—will be shrinking significantly over the decades to come. Happily, the nation's current president seems to have a disposition well fitted to leading the nation into the opening stages of an era of relative decline. President Obama has made headlines in recent months for his boldness in orchestrating the killing of Osama bin Laden. A fuller survey of his foreign policy, however, reveals that its most signal feature has been prudence and circumspection regarding American power and its exercise. Major divergence between the ends pursued and the capacities available for their pursuit is one of the cardinal sins giving rise to strategic failure. It is thus fortunate for the United States that it should have a president who, even if he may not be inclined to cast it in such words himself, seems disposed not to 'rage against the dying of the light' of American primacy, but to practice the admirable art of declining politely.
Topic:: Economics
Political Geography:: United States and America

512. Asia's century and the problem of Japan's centrality

Author:: Brendan Taylor
Publication Date:: 07-2011
Content Type:: Journal Article
Institution:: Chatham House
Abstract:: Japan has long been regarded as a central component of America's grand strategyin Asia. Scholars and practitioners assume this situation will persist in the face of China's rise and, indeed, that a more 'normal' Japan can and should take on anincreasingly central role in US-led strategies to manage this power transition. Thisarticle challenges those assumptions by arguing that they are, paradoxically, beingmade at a time when Japan's economic and strategic weight in Asian security isgradually diminishing. The article documents Japan's economic and demographicchallenges and their strategic ramifications. It considers what role Japan mightplay in an evolving security order where China and the US emerge as Asia's twodominant powers by a significant margin. Whether the US-China relationshipis ultimately one of strategic competition or accommodation, it is argued thatJapan's continued centrality in America's Asian grand strategy threatens to becomeincreasingly problematic. It is posited that the best hope for circumventing thisproblem and its potentially destabilizing consequences lies in the nurturing of anascent 'shadow condominium' comprising the US and China, with Japan as a'marginal weight' on the US side of that arrangement.
Topic:: Security and Economics
Political Geography:: United States, Japan, China, and America

513. Indian foreign policy and contemporary security challenges

Author:: Rohan Mukherjee and David M Malone
Publication Date:: 01-2011
Content Type:: Journal Article
Institution:: Chatham House
Abstract:: India is fast emerging as an important player in regional and international arenas. However, it continues to be beset by a number of security challenges, both internally and externally. On the assumption that India's foreign policy has evolved in step with its domestic politics, this article briefly surveys the evolution of Indian domestic politics and foreign policy before discussing some of the domestic and international (including regional) security challenges India faces today. The article concludes that although economic diplomacy does at present serve India well in projecting power internationally, achieving great power status in the future will rest on the resolution of key political and security challenges.
Topic:: Security, Foreign Policy, and Economics
Political Geography:: India

514. Dr Fox and the Philosopher's Stone: the alchemy of national defence in the age of austerity

Author:: Paul Cornish and Andrew M. Dorman
Publication Date:: 03-2011
Content Type:: Journal Article
Institution:: Chatham House
Abstract:: The history of British defence reviews has been one of repeated disappointment: a cycle in which policy failure is followed by a period of inertia, giving way to an attempt at a new policy framework which is then misimplemented by the defence leadership. Each failed defence review therefore sows the seeds of its successor. With this in mind, in 2010 the new coalition government embarked upon an altogether more ambitious exercise: a strategy review comprising a National Security Strategy and a Strategic Defence and Security Review. This article suggests, nevertheless, not only that the 2010 strategy review looks likely to follow past performance, but also that it is coming unstuck at an unprecedented rate. This is a pity since the 2010 review had much to commend it, not least the adoption of a risk-based approach to security and defence policy-making. What is the explanation for this outcome? Is it that the British have, as some have suggested, lost the ability to 'do strategy', if ever they had it? The authors offer a more nuanced understanding of the policy process and argue that the coalition government in fact has a very clear and deliberate strategy—that of national economic recovery. Yet the coalition government cannot allow national defence and security to fail. The authors conclude with an assessment of the options open to the defence leadership as they seek to address the failing 2010 strategy review and suggest a variety of indicators which will demonstrate the intent and seriousness of the political, official and military leadership of the Ministry of Defence.
Topic:: Security, Economics, and Government
Political Geography:: Britain

515. Is China a responsible stakeholder?

Author:: Amitai Etzioni
Publication Date:: 05-2011
Content Type:: Journal Article
Institution:: Chatham House
Abstract:: China has recently been criticized for not being a 'responsible stakeholder', not being a good citizen of the international community and not contributing to global public goods. China 'is refusing to be a responsible stakeholder in the international political system, cultivating, as it has been, good relations with some of the world's most odious regimes', according to Robert Kaplan, writing in The Atlantic. An editorial in the Wall Street Journal asserts that 'China won't be a responsible stakeholder' and acts as a 'free-rider'. Observing China's growing assertiveness in foreign policy and purported attempts to undermine the current liberal world order, Elizabeth Economy writes in Foreign Affairs that 'China is transforming the world as it transforms itself. Never mind notions of a responsible stakeholder; China has become a revolutionary power.'
Topic:: Economics
Political Geography:: China

516. International order after the financial crisis

Author:: Harold James
Publication Date:: 05-2011
Content Type:: Journal Article
Institution:: Chatham House
Abstract:: The geography of power is at present being dramatically transformed, notably by the rapid economic rise of China. What makes international order legitimate in a world in which political and economic foundations are rapidly shifting? This article examines analogies and lessons from a previous transition, from a world order centered on Britain, to a US dominated global order. The article looks at two interpretations of the transition, one by E. H. Carr, the other by Charles Kindleberger. China is beginning to behave in the way expected of a Kindleberger hegemon, but also sees the possibilities of asserting power in a world that in the aftermath of 2008 looks much more like the chaotic and crisis-ridden interwar period as interpreted by E. H. Carr. The challenge for the management of the new international order will lie in the ability of China to embrace the universalistic vision that underpinned previous eras of stability, in the nineteenth century and in the late twentieth century.
Topic:: Economics and Financial Crisis
Political Geography:: Britain, United States, and China

517. Integration in the Global South: What Role for IBSA Dialogue Forum?

Author:: Mehmet Özkan
Publication Date:: 01-2011
Content Type:: Journal Article
Journal:: The Rest: Journal of Politics and Development
Institution:: Centre for Strategic Research and Analysis (CESRAN)
Abstract:: Recently we have seen that the middle-sized states are coming together in several forums. The WTO meetings and India-Brazil-South Africa (IBSA) dialogue forum are among those to be cited. Such groupings are mainly economy oriented and whether they will have political output needs to be seen, however, in the future if globalization goes in a similar way as today, we might see more groupings. Those groupings should be seen as reactions to unjust and exclusive globalization. The IBSA Dialogue Forum members have enhanced their relations economically by signing bilateral trade agreements and acting together on economic issues in global forums. If they can hold together, they are creating a market more than ¼ of global population and, if successful, it has a chance to be the engine of growth in the South. Moreover if they can create the biggest market in the South, they would also be influential in the being of the voice of the South. In that sense, this paper addresses the possible ways to develop relations between the IBSA members and economic development in the South, furthermore, implication of the IBSA on global governance and development can be as critical as its contribution to economic development, since the global governing bodies have legitimacy crisis.
Topic:: Cold War and Economics
Political Geography:: India, South Africa, and Brazil

518. Documents and Source Material: Israel

Publication Date:: 07-2011
Content Type:: Journal Article
Journal:: Journal of Palestine Studies
Institution:: Institute for Palestine Studies
Abstract:: C. Friedrich-Ebert-Stiftung and Macro Center for Political Economics, "All of the Above: Identity Paradoxes of Young People in Israel (the 3rd Youth Study): Changes in National, Societal, and Personal Attitudes," Herzliya, Israel, 31 March 2011 (excerpts)
Topic:: Economics
Political Geography:: Israel

519. Bibliography of Periodical Literature

Author:: Norbert Scholz
Publication Date:: 07-2011
Content Type:: Journal Article
Journal:: Journal of Palestine Studies
Institution:: Institute for Palestine Studies
Abstract:: This section lists articles and reviews of books relevant to Palestine and the Arab-Israeli conflict. Entries are classified under the following headings: Reference and General; History (through 1948) and Geography; Palestinian Politics and Society; Jerusalem; Israeli Politics, Society, and Zionism; Arab and Middle Eastern Politics; International Relations; Law; Military; Economy, Society, and Education; Literature, Arts, and Culture; Book Reviews; and Reports Received. Norbert Scholz Journal of Palestine Studies, Vol. 40, no. 4 (Summer 2011), p. 247 Bibliography of Periodical Literature Buy Print Email LIMITED PREVIEW | PURCHASE FULL Reference and General Al-Azm, Sadik J. “Orientalism, Occidentalism, and Islamism: Keynote Address to 'Orientalism and Fundamentalism in Islamic and Judaic Critique': A Conference Honoring Sadik Al-Azm.” CSSAME 30, no. 1 (2010): 6–13. Ciftci, Sabri. “Modernization, Islam, or Social Capital: What Explains Attitudes toward Democracy in the Muslim World?” Comparative Political Studies 43, no. 11 (Nov. 2010): 1442–70. Hamzawy, Amr. “Arab Writings on Islamist Parties and Movements.” IJMES 43, no. 1 (Feb. 2011): 138–40. Heschel, Susannah, and Timothy Baker. “Transnational Migrations of Identity: Jews, Muslims, and the Modernity Debate.” CSSAME 30, no. 1 (2010): 1–5. Schwedler, Jillian. “Studying Political Islam.” IJMES 43, no. 1 (Feb. 2011): 135–37. Utvik, Bjørn O. “Islamists from a Distance.” IJMES 43, no. 1 (Feb. 2011): 141–43. History (through 1948) and Geography Abu Khashan, Abdul Karim. “Pierre Loti's Journey across Sinai to Jerusalem, 1894.” JQ, no. 43 (Aut. 2010): 18–30. Bianchini, Katia. “The Mandate Refugee Program: A Critical Discussion.” International Journal of Refugee Law 22, no. 3 (Oct. 2010): 367–78. Ginor, Isabella, and Gideon Remez. “A Cold War Casualty in Jerusalem, 1948: The Assassination of Witold Hulanicki.” IJFA 4, no. 3 (Sep. 2010): 137–58. Goldstein, Yossi. “Eastern Jews vs. Western Jews: The Ahad Ha'am-Herzl Dispute and Its Cultural and Social Implications.” Jewish History 24, nos. 3–4 (Dec. 2010): 355–77. Hughes, Matthew. “Assassination in Jerusalem: Bahjat Abu Gharbiyah and Sami Al-Ansari's Shooting of British Assistant Superintendent Alan Sigrist 12th June 1936.” JQ, no. 44 (Win. 2010): 5–13. Khalidi, Issam. “The Coverage of Sports News in 'Filastin' 1911–1948.” JQ, no. 44 (Win. 2010): 45–69. Klieman, Aharon. “Returning to the World Stage: Herzl's Zionist Statecraft.” IJFA 4, no. 2 (May 2010): 75–84. Matar, Nabil. “Couscous or Cartography: A Moroccan Jurist and an English Trader Visit Seventeenth Century Palestine.” JQ, no. 43 (Aut. 2010): 40–52. Shaw, Martin, and Omer Bartov. “The Question of Genocide in Palestine, 1948: An Exchange between Martin Shaw and Omer Bartov.” Journal of Genocide Research 12, nos. 3–4 (Sep. 2010): 243–59. Sicher, Efraim. “The Image of Israel and Postcolonial Discourse in the Early 21st Century: A View from Britain.” IsS 16, no. 1 (Spr. 2011): 1–25. Wallach, Yair. “Creating a Country through Currency and Stamps: State Symbols and Nation-building in British-ruled Palestine.” Nations and Nationalism 17, no. 1 (Jan. 2011): 129–47. Palestinian Politics and Society Abu Sitta, Salman. “The Village of 'Araqeeb in Palestine” [in Arabic]. MDF, no. 86 (Spr. 2011): 111–27. Brown, Nathan J. “Studying Palestinian Politics: Scholarship or Scholasticism?” IJFA 4, no. 3 (Sep. 2010): 47–58. Cantarow, Ellen. “Catching the Palestine Bug: Notes on Journalism and Enlightened Tourism in Palestine.” JQ, no. 43 (Aut. 201 ): 64–70. Chamberlin, Paul. “The Struggle against Oppression Everywhere: The Global Politics of Palestinian Liberation.” MES 47, no. 1 (Jan. 2011): 25–41. Ephron, Dan. “The Wrath of Abbas.” Newsweek (24 April 2011). Foroohar, Manzar. “Palestinians in Central America: From Temporary Emigrants to a Permanent Diaspora.” JPS 40, no. 3 (Spr. 2011): 6–22. Hamdan, Usama (interview). “Hamas 'Foreign Minister' Usama Hamdan Talks about National Reconciliation, Arafat, Reform, and Hamas's Presence in Lebanon.” JPS 40, no. 3 (Spr. 2011): 59–74. Kotef, Hagar. “Objects of Security: Gendered Violence and Securitized Humanitarianism in Occupied Gaza.” CSSAME 30, no. 2 (2010): 179–91. Long, Baudouin. “The Hamas Agenda: How Has It Changed?” MEP 17, no. 4 (Win. 2010): 131–43. Makdisi, Saree. “Palestine Inside Out: An Everyday Occupation” [in Arabic]. MA 33, no. 386 (Apr. 2011): 41–57. Nasrallah, Jana. “Shatila Camp: Memory of War and Marginalization” [in Arabic]. MDF, no. 86 (Spr. 2011): 148–56. Peled, Kobi. “The Well of Forgetfulness and Remembrance: Milieu de mémoire and lieu de mémoire in a Palestinian Arab Town in Israel.” British Journal of Middle Eastern Studies 37, no. 2 (Aug. 2010): 139–58. Sabbagh-Khoury, Areej, and Nadim Rouhana. “The Right of Return from the Perspective of Palestinians in Israel” [in Arabic]. MDF, no. 86 (Spr. 2011): 84–110. Schanzer, Jonathan. “What Palestinians Are Saying Online.” MEQ 18, no. 1 (Win. 2011): 15–24. Shahin, Khalil. “The Palestinian Popular Protest: An Eye for Change and an Eye for Resistance” [in Arabic]. MDF, no. 86 (Spr. 2011): 161–73. Veronese, Guido, Marco Castiglioni, and Mahmud Said. “The Use of Narrative-Experiential Instruments in Contexts of Military Violence: The Case of Palestinian Children in the West Bank.” Counselling Psychology Quarterly 23, no. 4 (Dec. 2010): 411–23.
Topic:: Economics and Politics
Political Geography:: Middle East

520. Milton Friedman's 1971 Feasibility Paper

Author:: Leo Melamed
Publication Date:: 09-2011
Content Type:: Journal Article
Journal:: The Cato Journal
Institution:: The Cato Institute
Abstract:: The story is fairly well known. In 1971, as chairman of the Chicago Mercantile Exchange, I had an idea: a futures market in foreign currency. It may sound so obvious today, but at the time the idea was revolutionary. I was acutely aware that futures markets until then were primarily the province of agriculture and—as many claimed—might not be applicable to instruments of finance. Not being an economist, the idea was in need of validation. There was only one person in the world that could satisfy this requisite for me. We went to Milton Friedman. We met for breakfast at the Waldorf Astoria in New York. By then he was already a living legend and I was quite nervous. I asked the great man not to laugh and to tell me whether the idea was “off the wall.” Upon hearing him emphatically respond that the idea was “wonderful,” I had the temerity to ask that he put his answer in writing. He agreed to write a feasibility paper on “The Need for Futures Markets in Currencies,” for the modest stipend of $7,500. It turned out to be a helluva trade.
Topic:: Economics
Political Geography:: New York and Chicago

521. Friedman and Samuelson on the Business Cycle

Author:: J. Daniel Hammond
Publication Date:: 09-2011
Content Type:: Journal Article
Journal:: The Cato Journal
Institution:: The Cato Institute
Abstract:: Chicago School economists have come in for criticism since the financial crisis and so-called Great Recession began in 2007. Commentators have blamed recent problems on a laissez-faire faith in the efficacy of markets and simple rules for business-cycle policy—ideas associated with economics as taught and practiced at the University of Chicago. Events over the past four years, we are told, demonstrate the need for a restoration of Keynesian thinking about business cycles and activist government policies to keep markets from failing. However, there is another aspect of Chicago School economics that is commonly overlooked. This is the conviction that economists' understanding of the business cycle is meager in light of the knowledge necessary for activist countercyclical policy to be effective. From this comes the Chicago School concern that economists and policymakers not attempt to do something beyond their capability. Overreaching can make the problems worse.
Topic:: Economics and Financial Crisis
Political Geography:: Chicago

522. Peddling Protectionism: Smoot-Hawley and the Great Depression

Author:: Daniel Griswold
Publication Date:: 09-2011
Content Type:: Journal Article
Journal:: The Cato Journal
Institution:: The Cato Institute
Abstract:: Let me preface this review with a confession: As an advocate of free trade, I love to link the 1930 Smoot-Hawley tariff bill with the Great Depression at every opportunity. More than 80 years after its passage, the bill still evokes negative feelings about protectionism. After reading Douglas Irwin's Peddling Protectionism: Smoot- Hawley and the Great Depression, I can see I need to curb my enthusiasm. Irwin does not defend the bill, far from it. He concludes that it failed to achieve its objectives and that it did, in an incremental way, make the Great Depression worse. But in the careful language of the professional economist and historian that he is, Irwin documents in rich and often colorful detail that the most infamous trade bill in American history had less impact than either its advocates or its opponents understood at the time or understand today. Even so, the story of Smoot-Hawley offers valuable lessons for today as our politicians seek to craft U.S. trade policy in the 21st century. Irwin is superbly qualified to write the definitive history of what was officially the Trade Act of 1930. A professor of economics at Dartmouth College, he has authored Against the Tide: An Intellectual History of Free Trade (1996), and Free Trade under Fire (3rd ed., 2009).
Topic:: Economics
Political Geography:: United States

523. Distributive justice in crisis

Author:: Eldar Sarajlic
Publication Date:: 09-2011
Content Type:: Journal Article
Journal:: Central European University Political Science Journal
Institution:: Central European University
Abstract:: The paper tries to examine the effects of economic crisis on philosophical considerations of distributive justice. It tackles the problem of a radical increase in scarcity as a condition of justice. Instead of assuming a relatively fixed (“moderate”) level of scarcity as a background against which justice in distribution obtains, the paper examines what happens when this level risks falling below and how does that change our views of distributive justice. It takes upon the recent events in the United States to construe a specific philosophical model and ask how crisis distribution, where that favors wealthier actors, can be justified. By analyzing the crisis distribution principle, it ultimately aims to suggest that moderate scarcity should not be seen as a mere condition, but an important and vital object of justice. As such it falls within, not beyond legitimate obligations of democratic governance.
Topic:: Economics
Political Geography:: United States

524. Peter Gatrell and Nick Baron (eds.), Warlands. Population Resettlement and State Reconstruction in the Soviet-East European Borderlands, 1945-50 (City: Publishing House, 2009).

Author:: Ana Dinescu
Publication Date:: 09-2011
Content Type:: Journal Article
Journal:: Central European University Political Science Journal
Institution:: Central European University
Abstract:: More than six decades after the end of the Second World War it is hard to imagine the political, social, and human landscapes of Europe in the aftermath of hostilities. In reconstructing this recent past, we can rely on a large bibliography regarding the events from the Western part of the continent. But for what concerns the territory to the east of the Iron Curtain, the appropriate and single case-study documentation remains problematic and thus, topics such as the political, economic and social effects of the first year of the Cold War reconfigurations are still insufficiently explored. It is, for example, the everyday life of the displaced person or the consequences of displacement on the identity reconfiguration of ethnic minorities.
Topic:: Economics, War, and Reconstruction
Political Geography:: Europe and Soviet Union

525. Reality or Symbolism in the Relationship

Author:: David C. Kang and Jiun Bang
Publication Date:: 09-2011
Content Type:: Journal Article
Journal:: Comparative Connections
Institution:: Center for Strategic and International Studies
Abstract:: South Korea and Japan are neighbors that are advanced, technologically sophisticated capitalist economies with capable and well-educated populations, and are fully consolidated liberal democracies. They share an alliance with the US, and generally view themselves as stalwart regional allies. As has been the case for many years, relations between them during the past four months were relatively stable, with increasingly deep economic relations, voluminous cultural flows, and general agreement on a strategy of isolation toward North Korea. They also share a tendency to provoke each other over their shared history and the ownership of several islets that sit between them. When this happens, the media goes into a frenzy, breathlessly reporting the latest incident. But which is reality? Do the historical disputes meaningfully affect their bilateral relations? On the one hand, yes: they could cooperate more closely on issues such as military coordination and a free-trade agreement. On the other hand, no: it's not at all clear that historical issues are holding up cooperation and relations are deeper across a range of issues.
Topic:: Economics
Political Geography:: United States, Japan, South Korea, and North Korea

526. Politics of Two Anniversaries

Author:: Yu Bin
Publication Date:: 09-2011
Content Type:: Journal Article
Journal:: Comparative Connections
Institution:: Center for Strategic and International Studies
Abstract:: The summer of 2011 marked two anniversaries for China and Russia. In June, the Shanghai Cooperation Organization (SCO) celebrated its 10th anniversary at the annual SCO Summit in Astana, Kazakhstan. Over the past 10 years, the regional security group has grown fed by its “twin engines” of Russia and China. Immediately following the SCO Summit, President Hu Jintao traveled to Moscow, marking the 10th anniversary of the signing of the Friendship Treaty between Russia and China. There was much to celebrate as Moscow, Beijing, and the SCO have achieved stability, security, and sustained economic development in a world riddled with revolutions, chaos, crises, and another major economic downturn. The two anniversaries were also a time to pause and think about “next steps.” While the SCO is having “growing pains,” China and Russia have elevated their “strategic partnership relations” to a “comprehensive strategic cooperation and partnership.”
Topic:: Security and Economics
Political Geography:: Russia, China, Kazakhstan, and Moscow

527. Australia-US Alliance Enhanced as Economies Decouple

Author:: Graeme Dobell
Publication Date:: 09-2011
Content Type:: Journal Article
Journal:: Comparative Connections
Institution:: Center for Strategic and International Studies
Abstract:: Australia has a close alliance with the US and deep emotional and cultural ties, but the new reality is that the two economies have decoupled. Twice in the past decade the US has gone into recession, but Australia has kept growing; that is a huge change from the 20th-century experience when Australia's fortunes were closely tied to the health of the US economy. Asia now sets Australia's economic temperature, even as the Australian military draws closer to the US through parallel reviews of the posture of their defense forces.
Topic:: Economics
Political Geography:: United States, Asia, and Australia

528. 9/11 Ten Years Later: The Fruits of the Philosophy of Self-Abnegation

Author:: John David Lewis
Publication Date:: 09-2011
Content Type:: Journal Article
Journal:: The Objective Standard
Institution:: The Objective Standard
Abstract:: Examines the essence of this approach and what it's delivered so far.
Topic:: Economics
Political Geography:: America

529. The Bourgeois Virtues: Ethics for an Age of Commerce

Author:: Richard M. Salsman
Publication Date:: 09-2011
Content Type:: Journal Article
Journal:: The Objective Standard
Institution:: The Objective Standard
Abstract:: As an economic historian sympathetic to free markets, McCloskey knows well that for centuries intellectuals have disdained the moneymaking orientation and commercial ethic of capitalism—and to her credit, she disdains this disdain. Capitalism deserves respect, she argues, for it “has not corrupted our souls” but instead “has improved them” (p. 23). McCloskey seeks to defend capitalism, not mainly by recounting what she acknowledges is its indisputable productive prowess, but by patiently explicating what she considers to be the “bourgeois virtues.” Yet her goal is polemical: to refute leftists who today persist in despising capitalism. She is concerned that her critics will find her case defensive, and justifiably, because McCloskey herself accepts certain anticapitalist premises, even summarizing the theme of her book as “an apology for our bourgeois lives” (p. 56). Yet, why would a political-economic system require an “apology” unless it was presumed guilty? Instead, why would it not be positively and resolutely heralded as a moral ideal? Despite McCloskey's view of the bourgeois life as virtuous, she insists that certain of its crucial motivating elements are decidedly un-Christian, hence suspect. Her hodgepodge of virtues makes for her less-than-emphatic case. McCloskey begins her book by recognizing how both Kantian and utilitarian ethics have been unfriendly (if not hostile) to laissez-faire capitalism, the former by requiring man to subordinate his personal pursuit of happiness to self-sacrificial duty, the latter by condoning hedonism while dismissing man's individual rights. For capitalism to survive and flourish, she contends, the ethics of commercialism must be defended. McCloskey attempts this by drawing on the “virtue ethics” arguments developed in academic philosophic circles since the late-1950s, which seek modernized versions of a more secular Greco-Roman ethics. While much can be said for McCloskey's use of “virtue ethics,” her approach does not ground morality in human nature. McCloskey divides an otherwise rambling and wide-ranging discourse of what she calls the seven main virtues into three main sections (pp. 91–302): the “Christian and Feminine Virtues” (faith, hope, and love), the “Pagan and Masculine Virtues” (courage and temperance), and the “Androgynous Virtues” (prudence and justice). The Christian and feminine virtues she also calls “theological” (p. 152) and pertinent to “the transcendent” and “sacred” (p. 304), while the pagan virtues are said to relate to “the self” and the “profane” (p. 304). Despite lengthy and digressive discussions of these seven virtues, McCloskey does not make clear why they are central to a moral case for capitalism, or why some are derivable from one gender versus another. . . .
Topic:: Economics

530. Sports Populism

Author:: Simon Kuper
Publication Date:: 06-2011
Content Type:: Journal Article
Journal:: Americas Quarterly
Institution:: Council of the Americas
Abstract:: Fans like their teams—but not necessarily the politicians who support them.
Topic:: Economics
Political Geography:: Latin America

531. Securitizing trade: the case of the Korea–US free trade agreement

Author:: Min Gyo Koo and Yul Sohn
Publication Date:: 09-2011
Content Type:: Journal Article
Journal:: International Relations of the Asia-Pacific
Institution:: Japan Association of International Relations
Abstract:: The Korea–US free trade agreement (KORUS FTA) of 2007 clearly shows how countries simultaneously pursue economic benefits and strategic interests in trade negotiations. This study argues that the surprise launch and the successful conclusion of the KORUS FTA illustrate the joint efforts by the United States and the Republic of Korea to re-securitize their bilateral economic relations. Security and strategic calculations held by top policy-makers on both sides catalyzed the official launch of FTA negotiations by removing a number of longstanding trade irritants such as Korea's screen quotas and ban on US beefs. At the post-negotiation stage, however, the lack of bipartisanship— particularly in the United States—to provide trade liberalization for their allies in favor of their own broader strategic interests has led to the legislative stalemate of executive efforts at re-securitization of trade relations. This study concludes that the stalemated ratification process shows the erosion, not the strength, of US power to provide security and trade liberalization as public goods.
Topic:: Economics
Political Geography:: United States and Korea

532. Cooperation, Competition, and the Search for Community: Asia's New Multilateralism

Author:: Sheldon W. Simon
Publication Date:: 09-2011
Content Type:: Journal Article
Journal:: International Relations of the Asia-Pacific
Institution:: Japan Association of International Relations
Abstract:: A successful edited volume not only requires that the editors recruit qualified specialists for each chapter but also that those editors integrate the separate analyses so that the book displays a coherence beyond the sum of its individual parts. Michael Green and Bates Gill have succeeded admirably on both dimensions: enlisting renowned Asian country specialists and experts on the various types of cooperation that characterize Asian multilateralism. Moreover, their Introduction illuminates how these types relate to one another. Over the past 45 years, Asia has experienced a plethora of multilateral political, economic, and security arrangements – some long-lived and well-institutionalized (ASEAN) and others formed to deal with a specific situation such as the Core Group that provided aid to those countries devastated by the December 2004 tsunami. There is considerable overlap in states ' memberships among these bodies, though they tend to group in a Southeast Asian-led formation centered in ASEAN and a Northeast Asian coterie dealing with North Korea in the Six-Party Talks. An additional transnational dimension may be found in nontraditional security such as infectious diseases, criminal and terrorist activities, piracy and human trafficking, all of which cross national boundaries and are generally seen by Asian states as susceptible to cooperative action. Traditional, hard security concerns – territorial disputes, historical animosities, and resource conflicts – on the other hand, though discussed in a number of multilateral settings, produce a great deal of rhetoric but very little resolution. Another concern, especially for great powers such as the United States and India, is whether East Asian multilateral groups will be inclusive or exclusive – trans-Pacific or Asia only.
Topic:: Economics, Globalization, and National Security
Political Geography:: United States, Japan, and Asia

533. Iraq's Long Road to National Reconciliation

Author:: Myriam Benraad
Publication Date:: 09-2011
Content Type:: Journal Article
Journal:: The International Spectator
Institution:: Istituto Affari Internazionali
Abstract:: As the US prepares to pull out of Iraq, the 'national reconciliation' process that was launched in the Summer of 2006 remains stalled. The March 2010 legislative elections, which were expected to consecrate the rebuilding of a national pact between Iraqis, have led to even greater fragmentation of Iraq's socio-political landscape. The power sharing agreement ultimately presages more tensions to come. With the essence and reality of the Iraqi 'nation' long debated and subjected to continued deconstruction under the combined effects of authoritarianism, military conflagrations and economic sanctions, it will likely take decades before a genuine reconciliation can come about.
Topic:: Economics
Political Geography:: United States and Iraq

534. Energy Interests of the 'Great Powers' in Central Asia: Cooperation or Conflict?

Author:: Shamil Midkhatovich Yenikeyeff
Publication Date:: 09-2011
Content Type:: Journal Article
Journal:: The International Spectator
Institution:: Istituto Affari Internazionali
Abstract:: The geographic proximity of Central Asia to Russia, China, the Caucasus and the Caspian region, as well as to the Middle East, makes this oil and gas-producing region a crucial and ever-developing player in regional and global energy markets. The method by which Central Asian producers choose to develop their hydrocarbon resources and export infrastructure will have significant implications for the plans for diversification of oil and gas supplies of Europe, China and India, as well as for Russia's energy exports to Europe. It is still too early to tell whether the economic and political incentives are strong enough to promote cooperation between the various actors or whether the energy interests of these key external powers are so diverse as to clash in Central Asia.
Topic:: Economics
Political Geography:: Russia, China, Europe, Central Asia, and Asia

535. Turkey: An Emerging Energy Transit State and Possible Energy Hub

Author:: Gareth Winrow
Publication Date:: 09-2011
Content Type:: Journal Article
Journal:: The International Spectator
Institution:: Istituto Affari Internazionali
Abstract:: Officials in Ankara are pressing for Turkey to become a key energy hub for the transportation of hydrocarbons from the Caspian region and the Middle East to Europe. It appears that they are seeking to secure certain strategic and economic advantages. Turkey's increasing energy needs could be satisfied, re-export rights obtained, and ambitions to become a significant regional state fulfilled which could facilitate accession to the EU. It seems more likely, though, that Turkey will become an important energy transit state, especially for the Southern Gas Corridor. Here, Turkey could still diversify its gas imports and reduce dependence on Russia.
Topic:: Economics
Political Geography:: Russia, Europe, Turkey, and Middle East

536. Military Responses and Capabilities in Canada's Domestic Context Post 9/11

Author:: Chris Madsen
Publication Date:: 05-2011
Content Type:: Journal Article
Journal:: Journal of Military and Strategic Studies
Institution:: Centre for Military, Security and Strategic Studies
Abstract:: If the terrorist attacks of 9/11 on New York City and Washington D.C. were a rude wake-up call for potential security threats to continental North America, the reaction on part of Canada has been measured and typically cautious. The acts were of course immediately condemned and temporary refuge given to thousands of travellers stranded by closure of airspace over the United States until declared safe. The federal government and most Canadians extended sympathy and offers of assistance to their closest neighbour and main trading partner. Close cultural and economic ties between the two countries ensured as much. Unease, however, set in about the tough talk and next progression characterized by President George Bush's now famous “You're either with us or against us” speech. Canada's then Liberal prime minister decided not to send the Canadian military wholeheartedly into the invasion of Iraq, though deployment of Canadian troops in Afghanistan duly became a major commitment. Reassuring the United States of Canada's reliability and loyalty as a partner was imperative. To this end, the federal government tightened up financial restrictions on potential fund-raising by identified terrorist groups, introduced new legislation and bureaucratic structures focused on security issues, and better coordinated intelligence gathering and information sharing activities across government agencies and with principal allies. Canadians convinced themselves that any possibility of a 9/11 scale terrorist attack on Canada was unlikely, and even if one was planned or happened, the effect would be minimized by the pro-active measures of authorities. Selected use of security certificates and arrest of home grown Islamic terrorists, the so-called Toronto 18, apparently showed that the police and intelligence agents were up to the task. The threat of terrorism, if not eliminated, could at least be managed and thwarted when required to provide a reasonable level of safety to the Canadian state and society. Ten years on, the course of events has shown the chosen policy decisions to have been mostly sound. Though the highest leadership of Al Qaeda remain at large and defiant as ever in their stated resolve to attack the West, Canada has not yet experienced a major terrorist incident since 9/11.
Topic:: Economics and Government
Political Geography:: Afghanistan, United States, Iraq, New York, Washington, Canada, and North America

537. A Race to the Top: Oil Gas Exploration in the Canadian Arctic

Author:: Michael Kuzik
Publication Date:: 05-2011
Content Type:: Journal Article
Journal:: Journal of Military and Strategic Studies
Institution:: Centre for Military, Security and Strategic Studies
Abstract:: Economic forces will ultimately determine the destiny of the Canadian Arctic, not displays of military force. Economic opportunity will prove far more cost effective and longer lasting than increasing the visibility, or even effectiveness, of Canada's military in the Arctic. Some observers expect the mounting evidence of a treasure trove of hydrocarbons on land and under the sea in Canada's Arctic to act as the economic catalyst. However crude oil and natural gas exploitation in Canada's North is fraught with a myriad of challenges. This paper will shed light on the harsh climactic, economic and political realities of oil and gas exploration and development in the Canadian Arctic. Climatic conditions, even in the wake of evidence of climate change, will still be extreme as will the distances and the topography. First and foremost the economics have to make sense; a profit has to be available to entice the capital needed for developing the north's vast hydrocarbon potential. Additionally, the political realities include pollution mitigation and outstanding native land claims.
Topic:: Economics and Environment
Political Geography:: Canada

538. The Economic Crisis and the Future of the Gas Sector

Author:: A. Medvedev
Publication Date:: 01-2011
Content Type:: Journal Article
Journal:: International Affairs: A Russian Journal of World Politics, Diplomacy and International Relations
Institution:: East View Information Services
Abstract:: WE ARE GOING THROUGH a difficult period both for the world economy and for the world energy sector, including the gas industry. That is why a constructive dialogue between all gas market players, as well as regulators and politicians, is of exceptional importance. Today it is hard to find a gas market player not in search of an answer to the question of how long the financial and economic crisis will last and how it will affect the gas industry's future structure and activity.
Topic:: Economics and Politics

539. After the Arab Spring: The Road to Reform in the Middle East and North Africa

Author:: William Sweeney
Publication Date:: 10-2011
Content Type:: Journal Article
Institution:: Council of American Ambassadors
Abstract:: Once the first protests erupted in Tunisia in December 2010, a wave of unrest quickly spread across the Middle East and North Africa as citizens expressed their discontent with the region's regimes. The Arab Spring was the result of mounting dissatisfaction with the status quo but also the result of blatant government corruption, brutal human rights violations, the economic downturn, low wages and rising unemployment rates. The socio-economic problems were truly the boiling point that pushed protesters, particularly youth, over the edge.
Topic:: Economics, Government, and Human Rights
Political Geography:: Middle East, North Africa, and Tunisia

540. Privatization Helps: The Hungarian Example

Author:: Donald Blinken
Publication Date:: 10-2011
Content Type:: Journal Article
Institution:: Council of American Ambassadors
Abstract:: As Greece works out of financial crisis, it should look to Hungary fifteen years ago for part of the answer. Far too large a segment of the Greek economy remains locked up in public hands. Their sale to the private sector, as Hungarians discovered, while not a panacea, will help reduce catastrophic public debts, and salaries and pensions will become the responsibility of private owners rather than the government. The Greek Parliament's austerity plan would raise 70 billion euros from privatization by 2015. The government will sell stakes in banking, airports, water utilities, motorway concessions, port operations, state land, and mining rights. Selling assets to the private sector will also improve managerial know-how, increase transparency, and encourage confidence in a Greek recovery.
Topic:: Economics, Government, and Financial Crisis
Political Geography:: Greece

541. (Dis) Integration and the Emergence of the State System in the Middle East

Author:: Imad El-Anis
Publication Date:: 07-2011
Content Type:: Journal Article
Journal:: The Rest: Journal of Politics and Development
Institution:: Centre for Strategic Research and Analysis (CESRAN)
Abstract:: The fall of the Ottoman Empire during World War One and the emergence of the modern state system in the Middle East have received significant attention in academic literature. However, the impacts that the proliferation of state borders in the 19th and 20th centuries have had on political and economic integration within the Middle East is often ignored. This study argues that between the mid-19th and mid- 20th centuries the region underwent significant structural changes. Furthermore, these changes were driven by external intervention and internal decline. A number of theoretical assumptions are posited concerning the importance on integration and cooperation of the following: the increase in borders and claims to sovereignty and the separation of peoples/markets. The conclusions drawn are that the change from a system characterised by large political actors and integrated markets to one which is characterised by smaller states and separated markets led to the disintegration of the region's internal relations.
Topic:: Economics and War
Political Geography:: Middle East

542. Export Trade Performance of Indian Economy during and Following the Global Financial Crisis

Author:: Dr. Sumanjeet Singh
Publication Date:: 07-2011
Content Type:: Journal Article
Journal:: The Rest: Journal of Politics and Development
Institution:: Centre for Strategic Research and Analysis (CESRAN)
Abstract:: Towards the end of 2008 the effects of global recession started getting reflected in international trade. The fall in global demand and the slowing-down in economic growth translated into a substantial reduction in international trade. It affected the cross-border trade of virtually all countries and economic sectors. Indian exports trade could not remain unaffected in a situation where external demand was dwindling globally. The present paper reviews India's export performance during and following the global financial crisis. Indian exports started to decline in July 2008. It declined from US$ 17,095 million in July 2008 to US$ 11,516 million in March 2009, which accounts for almost 33 per cent decline. This growth contraction has come after a robust 25 per cent-plus average export growth since 2003. But, as a result of government policy measures and recovery in global economy, India's exports growth turned positive and exports grew by a whopping 54.1 per cent in March 2010 and recorded the highest growth rate among the world's top 70 economies in merchandise exports. India's merchandise exports during April 2010 at US$ 16.9 billion recorded a growth of 36.3 per cent as compared with a decline of 32.8 per cent registered in April 2009. Exports witnessed huge annualized growth of 56.9 per cent to $25.9 billion in May 2011 in a bright spot for the Indian economy, which is battling high inflation amid signs of a slowdown.
Topic:: Economics, Government, and Financial Crisis
Political Geography:: India

543. Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism

Author:: Stan C. Weeber
Publication Date:: 07-2011
Content Type:: Journal Article
Journal:: The Rest: Journal of Politics and Development
Institution:: Centre for Strategic Research and Analysis (CESRAN)
Abstract:: This book appeared against the backdrop of a near meltdown in the U.S. economy and the election of Barack Obama as President of the United States. Because candidate Obama championed stimulus spending to repair the economy, there was anticipation that the release of Animal Spirits would coincide with a renewed enthusiasm for the economics of John Maynard Keynes inside 1600 Pennsylvania Avenue.
Topic:: Economics
Political Geography:: United States

544. Shocked and Awed: How the War on Terror and Jihad have Changed the English Language

Author:: Emilian Kavalski
Publication Date:: 07-2011
Content Type:: Journal Article
Journal:: The Rest: Journal of Politics and Development
Institution:: Centre for Strategic Research and Analysis (CESRAN)
Abstract:: It is always difficult to comment on the work of an author who has passed away before its publication. The pervasive sense of finitude tends to draw attention to (as well as offer a glimpse into) some of the concerns and interests that must have preoccupied the author in his final days. What is particularly challenging is that the work under review is by no other than Fred Halliday – a scholar, commentator, and insatiably curious student of international affairs, whose research has left an indelible mark on the field. At the same time, Fred Halliday has been someone who has constantly strived to escape the straitjackets of mainstream paradigms. This was evident in his 2008 Burton Valedictory Lecture at the London School of Economics and Political Science before moving to take a research professorship at the Barcelona Institute for International Studies. Fred Halliday concluded his speech to the mesmerized audience by insisting that it is music (and, in particular, dance) that can provide the creative platforms for grasping the complexity of global life (or what he called at the time 'the suffering of passions in ideas and in life').
Topic:: Economics, Political Economy, and International Affairs

545. The Invisible Hook: The Hidden Economics of Pirates

Author:: Michael Williams
Publication Date:: 07-2011
Content Type:: Journal Article
Journal:: The Rest: Journal of Politics and Development
Institution:: Centre for Strategic Research and Analysis (CESRAN)
Abstract:: In his book The Invisible Hook: The Hidden Economics of Pirates, Peter T. Leeson uses economics to describe the seemingly bizarre and contradictory behaviour of 17th and 18th century pirates. In the epilogue, Leeson describes pirates as sadistic pacifists, womanizing homosexuals, treasure-lusting socialists and madmen who outwitted the authorities (though apparently not in the end…). The task of making all of those behaviours appear rational seems daunting, but through the skilful implementation of economic reasoning, Leeson does exactly that.
Topic:: Economics

546. Brazil's Long To-Do List

Author:: Andrew Zimbalist
Publication Date:: 06-2011
Content Type:: Journal Article
Journal:: Americas Quarterly
Institution:: Council of the Americas
Abstract:: Can Brazil build the massive infrastructure it needs to host the Olympics and the World Cup?
Topic:: Corruption, Development, Economics, and Government
Political Geography:: Brazil

547. It's Not Your Grandfather's Hemisphere

Author:: Arturo Valenzuela
Publication Date:: 06-2011
Content Type:: Journal Article
Journal:: Americas Quarterly
Institution:: Council of the Americas
Abstract:: The U.S. moves beyond traditional diplomacy.
Topic:: Diplomacy and Economics
Political Geography:: United States

548. Covering Sports in Latin America

Author:: Lisa Delpy Neirotti and Jeffrey Bliss
Publication Date:: 06-2011
Content Type:: Journal Article
Journal:: Americas Quarterly
Institution:: Council of the Americas
Abstract:: No abstract is available.
Topic:: Economics and Government
Political Geography:: United States, Europe, and Latin America

549. The Broken Contract: Inequality and American Decline

Author:: George Packer
Publication Date:: 11-2011
Content Type:: Journal Article
Journal:: Foreign Affairs
Institution:: Council on Foreign Relations
Abstract:: Like an odorless gas, economic inequality pervades every corner of the United States and saps the strength of its democracy. Over the past three decades, Washington has consistently favored the rich -- and the more wealth accumulates in a few hands at the top, the more influence and favor the rich acquire, making it easier for them and their political allies to cast off restraint without paying a social price.
Topic:: Economics and Education
Political Geography:: United States, Iraq, Washington, and Baghdad

550. Can Europe's Divided House Stand?

Author:: Hugo Nixon
Publication Date:: 11-2011
Content Type:: Journal Article
Journal:: Foreign Affairs
Institution:: Council on Foreign Relations
Abstract:: Conventional wisdom has it that the eurozone cannot have a monetary union without also having a fiscal union. Euro-enthusiasts see the single currency as the first steppingstone toward a broader economic union, which is their dream. Euroskeptics do, too, but they see that endgame as hell -- and would prefer the single currency to be dismantled. The euro crisis has, for many observers, validated these notions. Both camps argue that the eurozone countries' lopsided efforts to construct a monetary union without a fiscal counterpart explain why the union has become such a mess. Many of the enthusiasts say that the way forward is for the 17 eurozone countries to issue euro bonds, which they would all guarantee (one of several variations on the fiscal-union theme). Even the German government, which is reluctant to bail out economies weaker than its own, thinks that some sort of pooling of budgets may be needed once the current debt problems have been solved. A fiscal union would not come anytime soon, and certainly not soon enough to solve the current crisis. It would require a new treaty, and that would require unanimous approval. It is difficult to imagine how such an agreement could be reached quickly given the fierce opposition from politicians and the public in the eurozone's relatively healthy economies (led by Finland, Germany, and the Netherlands) to repeated bailouts of their weaker brethren (Greece, Ireland, Italy, Portugal, and Spain). Moreover, once the crisis is solved, the enthusiasm for a fiscal union may wane. Even if Germany is still prepared to pool some budgetary functions, it will insist on imposing strict discipline on what other countries can spend and borrow. The weaker countries, meanwhile, may not wish to submit to a Teutonic straitjacket once the immediate fear of going bust has passed.
Topic:: Economics and Government
Political Geography:: Europe, Finland, Greece, Germany, Spain, Italy, Netherlands, Portugal, and Ireland

551. Is Indonesia Bound for the BRICs?

Author:: Karen Brooks
Publication Date:: 11-2011
Content Type:: Journal Article
Journal:: Foreign Affairs
Institution:: Council on Foreign Relations
Abstract:: Indonesia is in the midst of a yearlong debut on the world stage. This past spring and summer, it hosted a series of high-profile summits, including for the Overseas Private Investment Corporation in May, the World Economic Forum on East Asia the same month, and the Association of Southeast Asian Nations (ASEAN) in July. With each event, Indonesia received broad praise for its leadership and achievements. This coming-out party will culminate in November, when the country hosts the East Asia Summit, which U.S. President Barack Obama and world leaders from 17 other countries will attend. As attention turns to Indonesia, the time is ripe to assess whether Jakarta can live up to all the hype. A little over ten years ago, during the height of the Asian financial crisis, Indonesia looked like a state on the brink of collapse. The rupiah was in a death spiral, protests against President Suharto's regime had turned into riots, and violence had erupted against Indonesia's ethnic Chinese community. The chaos left the country -- the fourth largest in the world, a sprawling archipelago including more than 17,000 islands, 200 million people, and the world's largest Muslim population -- without a clear leader. Today, Indonesia is hailed as a model democracy and is a darling of the international financial community. The Jakarta Stock Exchange has been among the world's top performers in recent years, and some analysts have even called for adding Indonesia to the ranks of the BRIC countries (Brazil, Russia, India, and China). More recent efforts to identify the economic superstars of the future -- Goldman Sachs' "Next 11," PricewaterhouseCoopers' "E-7" (emerging 7), The Economist's "CIVETS" (Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa), and Citigroup's "3G" -- all include Indonesia.
Topic:: Economics and Financial Crisis
Political Geography:: Russia, United States, China, Indonesia, India, East Asia, Brazil, and Island

552. The Sick Man of Asia

Author:: Yanzhong Huang
Publication Date:: 11-2011
Content Type:: Journal Article
Journal:: Foreign Affairs
Institution:: Council on Foreign Relations
Abstract:: Although China has made remarkable economic progress over the past few decades, its citizens' health has not improved as much. Since 1980, the country has achieved an average economic growth rate of ten percent and lifted 400–500 million people out of poverty. Yet Chinese official data suggest that average life expectancy in China rose by only about five years between 1981 and 2009, from roughly 68 years to 73 years. (It had increased by almost 33 years between 1949 and 1980.) In countries that had similar life expectancy levels in 1981 but had slower economic growth thereafter -- Colombia, Malaysia, Mexico, and South Korea, for example -- by 2009 life expectancy had increased by 7–14 years. According to the World Bank, even in Australia, Hong Kong, Japan, and Singapore, which had much higher life expectancy figures than China in 1981, those figures rose by 7–10 years during the same period.
Topic:: Economics
Political Geography:: Japan, China, Malaysia, Asia, South Korea, Colombia, Australia, Mexico, and Hong Kong

553. Africa Unleashed

Author:: Edward Miguel
Publication Date:: 11-2011
Content Type:: Journal Article
Journal:: Foreign Affairs
Institution:: Council on Foreign Relations
Abstract:: Steven Radelet's accessible new book argues that much of the credit for Africa's recent economic boom goes to its increasingly open political systems. But Radelet fails to answer the deeper question: why some countries have managed to develop successful democracies while others have tried but failed.
Topic:: Development, Economics, and Government
Political Geography:: Africa, United States, Asia, and Liberia

554. The Assault on Abortion Rights Undermines All Our Liberties

Author:: Ari Armstrong and Diana Hsieh
Publication Date:: 12-2011
Content Type:: Journal Article
Journal:: The Objective Standard
Institution:: The Objective Standard
Abstract:: Surveys the expanding efforts to outlaw abortion in America, examines the facts that give rise to a woman's right to abortion, and shows why the assault on this right is an assault on all our rights
Topic:: Economics and Government
Political Geography:: America

555. American Individualism—How a New Generation of Conservatives Can Save the Republican Party

Author:: Michael |A. LaFerrara
Publication Date:: 12-2011
Content Type:: Journal Article
Journal:: The Objective Standard
Institution:: The Objective Standard
Abstract:: New York: Crown Forum, an imprint of the Crown Publishing Group, a division of Random House, Inc. 247 pp. $24.99 (hardcover). Reviewed by Michael A. LaFerrara While working on the 2004 Bush-Cheney reelection campaign team, Fox News contributor Margaret Hoover came to a stark realization: On gay rights, reproductive freedom, immigration, and environmentalism, the Republican party “was falling seriously out of step with a rising generation of Americans . . . the 'millennials'” (pp. ix, x). “[B]orn roughly between the years 1980 and 1999 [and] 50 million strong,” this rising new voter block, says Hoover, has “yet to solidly commit to a political party” and thus could hold the key to the GOP's electoral future (p. xi). Hoover looks back for comparison to 1980, when Ronald Reagan fused a coalition of diverse conservative “tribes” around a central theme: anticommunism (p. 25). If the millennials, who “demonstrate decidedly conservative tendencies” (p. xii), could be united with today's conservatives under “a new kind of fusionism” (p. 41), the Republican party would be on its way to majority status, she holds. Hoover sees differences among conservatives and divides the “organized modern conservative coalition in America” (p. 28) into three main categories: economic libertarians and fiscal conservatives led by three “leading lights” who “were . . . not populists [nor] self-described conservatives,” but “thinkers”—Friedrich von Hayek, Milton Friedman, and Ayn Rand. social conservatives, traditionalists, and the “Religious Right” led early on by Russell Kirk, Richard Weaver, and Robert Novak, and later by Jerry Falwell, Pat Robertson, James Dobson, and Phyllis Schlafly. anticommunists and paleocons led by Whittaker Chambers, John Chamberlain, James Burnham, and Pat Buchanan. According to Hoover, these three factions have formed the core of the movement that began with the publication of the National Review in November 1955 (p. 28) and have since been joined by neocons (p. 35), Rush Limbaugh's “Dittoheads,” Sarah Palin's “Mama Grizzlies,” the Tea Party uprising (pp. 36–37), and the “Crunchy Cons” and “enviro-cons” (p. 37). Hoover's hope is to find common ground between these conservatives and the millennials. . . .
Topic:: Economics
Political Geography:: America

556. The Right to Earn a Living: Economic Freedom and the Law

Author:: Loribeth Kowalski
Publication Date:: 12-2011
Content Type:: Journal Article
Journal:: The Objective Standard
Institution:: The Objective Standard
Abstract:: Cato Institute, 2010. 376 pp. $25.95 (hardcover). Reviewed by Loribeth Kowalski Parents in America typically tell their children that they can be anything they want to be when they grow up, and children tend to believe it and explore the countless possibilities. I recall my own childhood aspirations: imagining myself as an archaeologist, wearing a khaki hat and digging in the desert sun; as a veterinarian, talking to the animals like Dr. Doolittle; as a writer, alone at my desk, fingers poised over a typewriter keyboard. Recently I found an old note in a drawer. It said, “When I grow up, I want to be a doctor. I want to save people. When I grow up, I WILL be a doctor.” Underneath my signature I had written “age 10.” Unfortunately, in today's America, a child cannot be whatever he wants to be. Leave aside for the time being the difficulties involved in entering a profession such as medicine. Consider the more man-on-the-street jobs through which millions of Americans seek to earn a living, support their families, and better themselves. Suppose a person wants to drive a taxi in New York City. To do so, he will first have to come up with a million dollars to buy a “medallion.” If he wants to create and sell flower arrangements, and lives in Louisiana, he'll have to pass a “highly subjective, State-mandated licensing exam.” If he wants to sell tacos or the like from a “food truck,” and lives in Chicago, he had better keep his business away from competing restaurants, or else face a ticket and fine. And a child doesn't have to wait until he's an adult to directly experience such limitations on his freedom. Last summer, authorities in various states shut down children's lemonade stands because they didn't have vending permits or meet other local regulations. In today's America, it is increasingly difficult to enter various professions, near impossible to enter some, and, whatever one's profession, it is likely saddled with regulations that severely limit the ways in which one can produce and trade. Timothy Sandefur explores and explains these developments in The Right to Earn a Living: Economic Freedom and the Law. Sandefur addresses this subject in the most comprehensive manner I've seen, surveying the history of economic liberty from 17th-century England through the Progressive era in America and up to the present day. He shows how the freedom to earn a living has been eroded in multiple ways throughout the legal system, from unreasonable rules, to licensing schemes, to limitations on advertising, to restrictions on contracts. In The Right to Earn a Living, we see how these and other factors combine to create a system in which it is more and more difficult to support oneself and one's family in the manner one chooses.
Topic:: Development and Economics
Political Geography:: New York and America

557. Keynes Hayek: The Clash That Defined Modern Economics

Author:: Richard M. Salsman
Publication Date:: 12-2011
Content Type:: Journal Article
Journal:: The Objective Standard
Institution:: The Objective Standard
Abstract:: New York: W. W. Norton Company, 2011. 382 pp. $28.95 (hardcover). Reviewed by Richard M. Salsman The financial-economic crash of 2008–9, dubbed the “Great Recession” by pundits who have insisted its severity was second only to that of the Great Depression (1930s), has been blamed on “greed,” tax-rate cuts (2003), the GOP, and looser regulations in the prior decade—that is, to what passes today for full, laissez-faire capitalism (the same culprit fingered in the 1930s). The crash has also renewed interest in Keynesian economics, which holds that free markets are prone to failures, breakdowns, and recessions due to excessive production (supply) and can be cured of slumps only by state intervention to boost demand and dictate investment. And the crash has led to the worldwide adoption of two pet policies of John Maynard Keynes (1883–1946): massive deficit spending and inflation to “stimulate” stagnant economies. In fact, economies continue to languish not in spite of Keynesian policies but because of them. One key factor precipitating the recent revival of Keynes was the awarding of a Nobel prize to Keynesian Paul Krugman in fall 2008, during the worst weeks of the crisis, when the $700 billion bank bailout (TARP) was debated and enacted. A half dozen new books since 2008 also have helped revive Keynesian notions; one is subtitled “return of the master,” another eagerly reports that the crash has “restored Keynes, the capitalist revolutionary, to prominence.” As in the 1930s, when Keynes first exerted strong influence on policy, he is depicted today as capitalism's savior, favoring a mixed economy to quell popular angst of recessions and prevent more authoritarian alternatives (fascism, communism). Like most intellectuals today, British journalist Nicholas Wapshott (formerly senior editor at the London Times and New York Sun) falsely attributes the recent financial crisis to overly free markets; he also admires Keynes, his demand-side theories, and his interventionist policies. Yet unlike typical hagiography on Keynes, Wapshott adopts an ideas-oriented approach to Keynes's revival in his book, Keynes Hayek: The Clash That Defined Modern Economics. Like most interpreters, Wapshott believes that Keynesianism somehow “saves” capitalism from itself and from ultimate political tyranny, although he does not deny (or bother to hide) the many cases where Keynes expresses an unvarnished hatred for individualism and free markets. He acknowledges (and welcomes) the return of Keynesian policies, but he worries they may have been hastily implemented and thus ineffectual, given that multi-trillion-dollar stimulus schemes in the three years since 2008 have not boosted growth or jobs. Wapshott rightly recounts how Keynesianism was discredited during the 1970s “stagflation” (which it could not explain) and successfully challenged by “efficient market” theorists and classically oriented supply-siders (“Reaganomics”). But he exaggerates the reach of pro-capitalist ideas and policies in recent decades, and pins blame for the recent crash on what is still free about markets, not on the state interventions that necessarily render otherwise efficient markets dysfunctional and destructive. Yet Wapshott's main goal in Keynes Hayek is to have us understand Keynes's recent revival in the context of a long-running battle or “clash” between the ideas and policies of Keynes and those of Austrian economist Friedrich Hayek (1899–1992), who is portrayed as the champion of free markets and skeptic toward state intervention. Wapshott mostly succeeds in achieving his goal, but in the end he draws the wrong conclusion—namely, that the Keynesian revival is warranted—because he believes, not merely with Keynes, but, we see, also with Hayek, that markets fail when left free. In fact, free markets do not fail, but widespread belief that they do has helped revive Keynes. . . .
Topic:: Economics

558. Capitalist Solutions: A Philosophy of American Moral Dilemmas

Author:: Ari Armstrong
Publication Date:: 12-2011
Content Type:: Journal Article
Journal:: The Objective Standard
Institution:: The Objective Standard
Abstract:: New Brunswick: Transaction Publishers, 2012. 180 pp. $34.95 (hardcover). Reviewed by Ari Armstrong How often does an author defend the right of citizens to own guns and the right of homosexuals to marry—in the same book chapter? In his new book Capitalist Solutions, Andrew Bernstein applies the principle of individual rights not only to “social” issues such as gun rights and gay marriage but also to economic matters such as health care and education and to the threat of Islamic totalitarianism. Bernstein augments his philosophical discussions with a wide range of facts from history, economics, and science. The release of Capitalist Solutions could not have been timed more perfectly: It coincides with the rise of the “Occupy Wall Street” movement that focuses on “corporate greed” and the alleged evils of income inequality. Whereas many “Occupiers” call for more government involvement in various areas of the economy—including welfare support and subsidies for mortgages and student loans—Bernstein argues forcefully that government interference in the market caused today's economic problems and that capitalism is the solution. The introductory essay reviews Ayn Rand's basic philosophical theories, with an emphasis on her ethics of egoism and her politics of individual rights. Bernstein harkens back to this philosophical foundation throughout his book, applying it to the issues of the day. . . .
Topic:: Economics, Education, and Health
Political Geography:: America

559. From the Editor

Author:: Craig Biddle
Publication Date:: 12-2011
Content Type:: Journal Article
Journal:: The Objective Standard
Institution:: The Objective Standard
Abstract:: Merry Christmas, readers! And welcome to the Winter 2011 issue of The Objective Standard. I'd like to begin by congratulating Antonio Puglielli, the winner of the second annual TOS essay contest. Mr. Puglielli's entry, “'Dog Benefits Dog': The Harmony of Rational Men's Interests,” won him $2,000 and publication of his essay in TOS (see p. 67). Second place went to Caleb Nelson (winning $700) and third place to Deborah B. Sloan (winning $300). Congratulations to Mr. Nelson and Ms. Sloan, as well! As Mitt Romney and Newt Gingrich vie for the GOP presidential nomination, and as Republicans marshal efforts to secure as many Senate seats as possible, advocates of liberty need to keep an eye on the one principle that unifies our political goals and grounds them in moral fact. In “The American Right, the Purpose of Government, and the Future of Liberty,” I identify that principle and discuss its application to issues of the day, including “entitlement” spending, corporate bailouts, and the Islamist threat. If you wonder which side of the abortion debate has the facts straight—or why the issue should matter to anyone other than pregnant women—you will find answers in “The Assault on Abortion Rights Undermines All Our Liberties,” by Diana Hsieh and Ari Armstrong. And if you already know the answers, I think you'll agree that this is the article to circulate on this matter. You may think that Steve Jobs was an impatient man, and you may know of evidence to support that idea, but in Daniel Wahl's “The Patience of Jobs,” you'll discover that Jobs, once again, breaks the mold. He was not patient, yet he was. How can that be? (Hint: The answer has nothing to do with Buddhism.) Get ready to fall in love with Linda Mann's still lifes and her manner of discussing them. Why do they grab your attention? Why do they hold it? Why are they so fascinating and rich and beautiful? I press Ms. Mann for answers, and she delivers. The interview is accompanied by color images of the paintings discussed. What's so great about the National Gallery of Art in Washington, D.C.? Sanctum sanctorum—it's the holy of holies—says Lee Sandstead, and he has facts and photos to prove it. Chris Wolski reviews the movie The Help, directed by Tate Taylor. And the books reviewed in this issue are: Steve Jobs, by Walter Isaacson (reviewed by Daniel Wahl); This is Herman Cain! My Journey to the White House, by Herman Cain (reviewed by Gideon Reich); American Individualism—How a New Generation of Conservatives Can Save the Republican Party, by Margaret Hoover (reviewed by Michael A. LaFerrara); Disabling America: The Unintended Consequences of the Government's Protection of the Handicapped, by Greg Perry (reviewed by Joshua Lipana); The Right to Earn a Living: Economic Freedom and the Law, by Timothy Sandefur (reviewed by Loribeth Kowalski); Keynes Hayek: The Clash That Defined Modern Economics, by Nicholas Wapshott (reviewed by Richard M. Salsman); Capitalist Solutions: A Philosophy of American Moral Dilemmas, by Andrew Bernstein (reviewed by Ari Armstrong); Toyota Under Fire: Lessons for Turning Crisis into Opportunity, by Jeffrey K. Liker and Timothy N. Ogden (reviewed by Daniel Wahl); Dare to Stand Alone: The Story of Charles Bradlaugh, Atheist and Republican, by Bryan Niblett (reviewed by Roderick Fitts). This issue of TOS completes our sixth year of moving minds with the ideas on which a culture of reason and freedom depend. Our seventh year will be, as every year is, bigger and better than the last, and we thank you for your continued business and support. We couldn't do what we do without you. Have a joyful Christmas, a happy New Year, and a prosperous 2012. —Craig Biddle
Topic:: Economics and Government
Political Geography:: New York, America, and Washington

560. Editors' Note

Author:: Michael McKeon and Imani Tate
Publication Date:: 09-2011
Content Type:: Journal Article
Journal:: Georgetown Journal of International Affairs
Institution:: Georgetown Journal of International Affairs
Abstract:: Over the past decade the world has been rocked by earthquakes, hurricanes, and tornadoes on a seemingly endless pattern of destruction. From villagers in Haiti to businessmen in Japan, the Earth's population has watched as-within the blink of an eye-lives have ended, families have been torn apart, and whole communities have taken massive hits to their morale. Yet these tragic events broke the hearts of millions across the globe, another phenomenon has revealed itself among the rubble. Out of hope for a more promising future, possibilities for recovery arose from even the most drastic circumstances. Now, more than ever, the resilience exhibited by those who have been weakened by disaster has allowed them to bounce back and prove their true strength to themselves and to the world. Resilience examines resilience from a diverse set of political, economic, and social perspectives. We invite you to enjoy this theme as well as the cutting-edge international affairs analysis included in the other sections of the Journal.
Topic:: Economics
Political Geography:: Japan

561. An Unfinished Revolution

Author:: Shadi Hamid
Publication Date:: 09-2011
Content Type:: Journal Article
Journal:: Georgetown Journal of International Affairs
Institution:: Georgetown Journal of International Affairs
Abstract:: On 25 January 2011, the first day of Egypt's uprising, U.S. Secretary of State Hillary Clinton affirmed: "our assessment is that the Egyptian government is stable." Eighteen days later, Egypt had a revolution, which concluded when the Egyptian military forced President Hosni Mubarak to step down from his position. After this remarkable turn of events, the Egyptian regime was simultaneously thought to be both more ruthless and more unified. After several years of impressive economic growth, the regime had the support of a powerful emerging business elite. It also had the United States as its primary benefactor. None of that was enough.
Topic:: Economics and Government
Political Geography:: United States and Egypt

562. Glaciers, Monsoons, Rivers, and Conflict: China and South Asia

Author:: Paul Sullivan
Publication Date:: 02-2011
Content Type:: Journal Article
Journal:: Georgetown Journal of International Affairs
Institution:: Georgetown Journal of International Affairs
Abstract:: With increasing country demands but a changing supply of water due to climate change, tensions may increase over international water sources in South Asia and China. The article investigates these trends and discusses the existing and potential treaties and impacts of different scenarios on the region's politics and economics.
Topic:: Climate Change, Economics, and Politics
Political Geography:: China and South Asia

563. Maps, Power and the Destruction of the Mau Forest in Kenya

Author:: Jacqueline Klopp and Job Kikosgui Sang
Publication Date:: 02-2011
Content Type:: Journal Article
Journal:: Georgetown Journal of International Affairs
Institution:: Georgetown Journal of International Affairs
Abstract:: Deforestation is a complex issue linked not only to economic and social dynamics at both global and local levels but also to questions of power and politics. Nowhere is this more evident than in the ongoing struggle over the Mau Forest in Kenya. This article explores the history of political struggles surrounding the Mau forest and the role that mapping has played in determining the political and ecological landscape of the region.
Topic:: Economics
Political Geography:: Kenya

564. Corruption and the Rule of Law in Sub-Saharan Africa

Author:: Stuart S. Yeh
Publication Date:: 01-2011
Content Type:: Journal Article
Journal:: African Journal of Legal Studies
Institution:: The Africa Law Institute
Abstract:: The World Bank and IMF attribute underdevelopment in sub-Saharan Africa to the practice of directing economic activity through centralized planning. They prescribe privatization and economic liberalization to restructure African economies, promote competition, reduce the scope for corruption, and promote good governance. However, inadequate checks on political power permit African elites to subvert these reforms. This article reviews the political economy of sub-Saharan countries as well as a case study of Sierra Leone to illustrate the problem. The analysis suggests the need for an international agency such as the UN to provide the capacity to investigate, expose and check corruption by employing UN inspectors who are immune to pressure from powerful African elites. This type of check on corruption is necessary to promote the rule of law in sub-Saharan Africa.
Topic:: Economics, United Nations, and Law
Political Geography:: Africa

565. Unions, Economic Freedom, and Growth

Author:: Randall G. Holcombe and James D. Gwartney
Publication Date:: 02-2010
Content Type:: Journal Article
Journal:: The Cato Journal
Institution:: The Cato Institute
Abstract:: The freedom to enter into contracts and to direct the use of economic resources one owns are essential to the operation of a market economy. Allowing employees to form unions to bargain collectively over wages and employment conditions is consistent with economic freedom, and any government intervention preventing unionization would be a violation of economic freedom. Nevertheless, American labor law, especially since the 1930s, has altered the terms and conditions under which unions collectively bargain to heavily favor unions over the firms that hire union labor. Labor law has given unions the power to dictate to employees collective bargaining conditions, and has deprived employees of the right to bargain for themselves regarding their conditions of employment. While unions and economic freedom are conceptually compatible, labor law in the United States, and throughout the world, has restricted the freedom of contract between employees and employers.
Topic:: Economics
Political Geography:: United States and America

566. Posturing for Peace? Pakistan's Nuclear Postures and South Asian Stability

Author:: Vipin Narang
Publication Date:: 01-2010
Content Type:: Journal Article
Journal:: International Security
Institution:: Belfer Center for Science and International Affairs, Harvard University
Abstract:: On November 26, 2008, terrorists from Lashkar-e-Taiba—a group historically supported by the Pakistani state—launched a daring sea assault from Karachi, Pakistan, and laid siege to India's economic hub, Mumbai, crippling the city for three days and taking at least 163 lives. The world sat on edge as yet another crisis between South Asia's two nuclear-armed states erupted with the looming risk of armed conºict. But India's response was restrained; it did not mobilize its military forces to retaliate against either Pakistan or Lashkar camps operating there. A former Indian chief of Army Staff, Gen. Shankar Roychowdhury, bluntly stated that Pakistan's threat of nuclear use deterred India from seriously considering conventional military strikes. 1 Yet, India's nuclear weapons capability failed to deter subconventional attacks in Mumbai and Delhi, as well as Pakistan's conventional aggression in the 1999 Kargil War. Why are these two neighbors able to achieve such different levels of deterrence with their nuclear weapons capabilities? Do differences in how these states operationalize their nuclear capabilities—their nuclear postures—have differential effects on dispute dynamics?
Topic:: Economics
Political Geography:: Pakistan, United States, South Asia, India, and Mumbai

567. New Treaty, New Influence? Europe's Chance to Punch Its Weight

Author:: Stuart E. Eizenstat and Anthony Luzzatto Gardner
Publication Date:: 03-2010
Content Type:: Journal Article
Journal:: Foreign Affairs
Institution:: Council on Foreign Relations
Abstract:: On December 1, 2009, after nearly a decade of acrimonious debate, the Treaty of Lisbon entered into force across the 27 member states of the European Union. The treaty reforms EU institutions, making the organization more accountable to voters and enhancing its ability to address European and global challenges. Over the long term, the treaty may make the EU a more coherent international actor, thereby significantly affecting non-EU countries, including the United States. The Lisbon Treaty is the latest in a long line of EU reform efforts. It is the fifth amendment to the 1957 Treaty of Rome, which established the European Economic Community, the EU's predecessor. Following the Single European Act of 1986 -- which laid the foundations for Europe's single market, assuring for the first time the free flow of goods, capital, people, and services among the member states -- the EU reformed its institutions and decision-making process through the Maastricht Treaty of 1992, the Amsterdam Treaty of 1997, and the Nice Treaty of 2001. But with the cumulative effect of these amendments widely acknowledged to have complicated decision-making -- and with the organization planning to enlarge from 15 to 25 member states in 2004 -- EU leaders sought to replace the confusing patchwork of EU treaties with a single, overarching constitution. The resulting document, drafted by a constitutional convention in 2002-3, was signed by all EU heads of government in 2004 but was rejected the following year by French and Dutch voters, who feared that a European constitution would limit their countries' national voting rights, sovereignty, and access to EU funds. In 2007, after a two-year "period of reflection," the EU heads of state agreed in Lisbon on a draft treaty that was nearly identical in substance to the constitution but -- in deference to public opinion in some member states -- dropped references to the trappings of statehood (such as an EU flag and an EU anthem) and sought to amend, rather than replace, earlier EU treaties. By November 2009, every EU member state had ratified the treaty.
Topic:: Economics
Political Geography:: Europe

568. Enemies Into Friends: How the United States Can Court Its Adversaries

Author:: Charles A. Kupchan
Publication Date:: 03-2010
Content Type:: Journal Article
Journal:: Foreign Affairs
Institution:: Council on Foreign Relations
Abstract:: In his inaugural address, U.S. President Barack Obama informed those regimes "on the wrong side of history" that the United States "will extend a hand if you are willing to unclench your fist." He soon backed up his words with deeds, making engagement with U.S. adversaries one of the new administration's priorities. During his first year in office, Obama pursued direct negotiations with Iran and North Korea over their nuclear programs. He sought to "reset" relations with Russia by searching for common ground on arms control, missile defense, and Afghanistan. He began scaling back economic sanctions against Cuba. And he put out diplomatic feelers to Myanmar (also called Burma) and Syria. Over a year into Obama's presidency, the jury is still out on whether this strategy of engagement is bearing fruit. Policymakers and scholars are divided over the merits and the risks of Obama's outreach to adversaries and over how best to increase the likelihood that his overtures will be reciprocated. Debate continues on whether rapprochement results from mutual concessions that tame rivalries or rather from the iron fist that forces adversaries into submission. Equally controversial is whether the United States should pursue reconciliation with hardened autocracies or instead make engagement contingent on democratization. And disagreement persists over whether diplomacy or economic engagement represents the most effective pathway to peace. Many of Obama's critics have already made up their minds on the merits of his outreach to adversaries, concluding not only that the president has little to show for his efforts but also that his pliant diplomacy demeans the United States and weakens its hand. Following Obama's September 2009 speech to the United Nations General Assembly, in which he called for "a new era of engagement based on mutual interest and mutual respect" and "new coalitions that bridge old divides," the conservative commentator Michelle Malkin charged that the president had "solidified his place in the international view as the great appeaser and the groveler in chief."
Topic:: Economics
Political Geography:: Afghanistan, United States, Europe, and North Korea

569. Capitalism Unbound: The Incontestable Moral Case for Individual Rights

Author:: Ari Armstrong
Publication Date:: 04-2010
Content Type:: Journal Article
Journal:: The Objective Standard
Institution:: The Objective Standard
Abstract:: With Congress debating far-reaching bills to expand federal control of health care, politicians and pundits blaming the economic downturn on allegedly free markets, President Obama fulfilling his promise to "spread the wealth around," and dozens of czars overseeing wide swaths of American life, it seems that capitalism is in retreat. A rousing defense of capitalism, therefore, could not have come at a better time, and that is what Andrew Bernstein provides in his new book, Capitalism Unbound. Bernstein ably defends the achievements of the Industrial Revolution, presents the moral foundation for capitalism, skewers socialism, and indicates in some respects how several disasters-including the recent housing bust-were caused by government meddling in the economy. Capitalism Unbound is an updated and highly condensed version of Bernstein's 2005 book, The Capitalist Manifesto: The Historic, Economic and Philosophic Case for Laissez-Faire. With the new book, Bernstein promises "the essential points-presented in a simple, easy to read format" (p. ix). He begins his sixteen-page Prologue, "The Primordial Struggle for Individual Liberty," by mentioning that capitalism rests on the "moral code . . . of an individual's inalienable right to his own life" (p. 1). After recounting the American Revolution as a key example of the furthering of individual rights, Bernstein applies the principle of rights to issues such as contracts, property, and employment. He then defines some key terms, including capitalism ("the system of individual rights, including property rights, in which all property is privately owned"), freedom (protection "against the initiation of force by either private citizens or the government"), and statism ("the subordination of the individual to the state [and] the repudiation of inalienable individual rights") (pp. 10-11). The prologue concludes with a discussion of some of history's most horrifying instances of statism, including tribal dictatorships, Soviet communism, National Socialism, and Islamic theocracy. The rest of the book is divided into three parts, about the historical, moral, and economic superiority of capitalism, respectively. In Part One, "The Historic Superiority of Capitalism," Bernstein first summarizes the impoverished conditions of preindustrial Europe. He then explains how, inspired by Enlightenment thinkers, innovators of 18th-century England and 19th-century America achieved profound advances in technology and economic production, created goods and services that radically improved the living conditions of the common person, and often amassed fortunes in the process. These productive giants include steam engineer James Watt, steel titan Andrew Carnegie, and oil pioneer John D. Rockefeller, who by the height of his dominance had driven oil prices from fifty-eight cents to eight cents per gallon (p. 52). Bernstein reviews many of the economic advances of the Industrial Revolution, such as the enormous expansion of cotton cloth-spun English cotton increased twenty-four-fold between 1765 and 1784 alone-enabling "hundreds of millions of people worldwide . . . to dress . . . comfortably, cleanly, and hygienically" (pp. 34-35, emphasis removed). . . .
Topic:: Economics
Political Geography:: America and Europe

570. The Brussels Wall

Author:: William Drozdiak
Publication Date:: 05-2010
Content Type:: Journal Article
Journal:: Foreign Affairs
Institution:: Council on Foreign Relations
Abstract:: These days, there is a great deal of talk about the dawn of an Asian century -- hastened by the rise of China and India. Meanwhile, the fractious Atlantic alliance, enfeebled by two wars and an economic crisis, is said to be fading away. But the West is not doomed to decline as a center of power and influence. A relatively simple strategic fix could reinvigorate the historic bonds between Europe and North America and reestablish the West's dominance: it is time to bring together the West's principal institutions, the European Union and the North Atlantic Treaty Organization. When NATO's 28 leaders gather in Portugal later this year to draw up a new security strategy for the twenty-first century, they will consider a range of options, including military partnerships with distant allies such as Australia, Japan, and South Korea. Yet the most practical solution lies just down the road from the alliance's sprawling headquarters near the Brussels airport. Genuine cooperation between NATO and the 27-nation European Union would allow Western governments to meld hard power with soft, making both organizations better equipped to confront modern threats, such as climate change, failed states, and humanitarian disasters. A revitalized Atlantic alliance is by far the most effective way for the United States and Europe to shore up their global influence in the face of emerging Asian powers. NOT-SO-FRIENDLY NEIGHBORS Anybody who spends time in Brussels comes away mystified by the lack of dialogue between the West's two most important multinational organizations, even though they have been based in the same city for decades. Only a few years ago, it was considered a minor miracle when the EU's foreign policy czar and NATO's secretary-general decided that they should have breakfast together once a month. An EU planning cell is now ensconced at NATO military headquarters, but there is scarcely any other communication between the two institutions. With Europe and the United States facing common threats from North Africa to the Hindu Kush, it is imperative for Western nations to take advantage of these two organizations' resources in the fields of law enforcement, counterterrorism, intelligence gathering, drug interdiction, and even agricultural policy.
Topic:: NATO, Economics, and Government
Political Geography:: China, Europe, Asia, North America, and Brussels

571. The Geography of Chinese Power

Author:: Robert D. Kaplan
Publication Date:: 05-2010
Content Type:: Journal Article
Journal:: Foreign Affairs
Institution:: Council on Foreign Relations
Abstract:: The English geographer Sir Halford Mackinder ended his famous 1904 article, "The Geographical Pivot of History," with a disturbing reference to China. After explaining why Eurasia was the geostrategic fulcrum of world power, he posited that the Chinese, should they expand their power well beyond their borders, "might constitute the yellow peril to the world's freedom just because they would add an oceanic frontage to the resources of the great continent, an advantage as yet denied to the Russian tenant of the pivot region." Leaving aside the sentiment's racism, which was common for the era, as well as the hysterics sparked by the rise of a non-Western power at any time, Mackinder had a point: whereas Russia, that other Eurasian giant, basically was, and is still, a land power with an oceanic front blocked by ice, China, owing to a 9,000-mile temperate coastline with many good natural harbors, is both a land power and a sea power. (Mackinder actually feared that China might one day conquer Russia.) China's virtual reach extends from Central Asia, with all its mineral and hydrocarbon wealth, to the main shipping lanes of the Pacific Ocean. Later, in Democratic Ideals and Reality, Mackinder predicted that along with the United States and the United Kingdom, China would eventually guide the world by "building for a quarter of humanity a new civilization, neither quite Eastern nor quite Western."
Topic:: Development and Economics
Political Geography:: Russia, China, and Eurasia

572. Bigger Is Better

Author:: Richard Rosecrance
Publication Date:: 05-2010
Content Type:: Journal Article
Journal:: Foreign Affairs
Institution:: Council on Foreign Relations
Abstract:: Throughout history, states have generally sought to get larger, usually through the use of force. In the 1970s and 1980s, however, countervailing trends briefly held sway. Smaller countries, such as Japan, West Germany, and the "Asian tigers," attained international prominence as they grew faster than giants such as the United States and the Soviet Union. These smaller countries -- what I have called "trading states" -- did not have expansionist territorial ambitions and did not try to project military power abroad. While the United States was tangled up in Vietnam and the Soviet Union in Afghanistan, trading states concentrated on gaining economic access to foreign territories, rather than political control. And they were quite successful. But eventually the trading-state model ran into unexpected problems. Japanese growth stalled during the 1990s as U.S. growth and productivity surged. Many trading states were rocked by the Asian financial crisis of 1997-98, during which international investors took their money and went home. Because Indonesia, Malaysia, Thailand, and other relatively small countries did not have enough foreign capital to withstand the shock, they had to go into receivership. As Alan Greenspan, then the U.S. Federal Reserve chair, put it in 1999, "East Asia had no spare tires." Governments there devalued their currencies and adopted high interest rates to survive, and they did not regain their former glory afterward. Russia, meanwhile, fell afoul of its creditors. And when Moscow could not pay back its loans, Russian government bonds went down the drain. Russia's problem was that although its territory was vast, its economy was small. China, India, and even Japan, on the other hand, had plenty of access to cash and so their economies remained steady. The U.S. market scarcely rippled.
Topic:: Economics
Political Geography:: United States, China, India, Asia, Vietnam, and Germany

573. Top of the Class

Author:: Richard C. Levin
Publication Date:: 05-2010
Content Type:: Journal Article
Journal:: Foreign Affairs
Institution:: Council on Foreign Relations
Abstract:: The rapid economic development of Asia since World War II -- starting with Japan, South Korea, and Taiwan, then extending to Hong Kong and Singapore, and finally taking hold powerfully in India and mainland China -- has forever altered the global balance of power. These countries recognize the importance of an educated work force to economic growth, and they understand that investing in research makes their economies more innovative and competitive. Beginning in the 1960s, Japan, South Korea, and Taiwan sought to provide their populations with greater access to postsecondary education, and they achieved impressive results. Today, China and India have an even more ambitious agenda. Both seek to expand their higher-education systems, and since the late 1990s, China has done so dramatically. They are also aspiring to create a limited number of world-class universities. In China, the nine universities that receive the most supplemental government funding recently self-identified as the C9 -- China's Ivy League. In India, the Ministry of Human Resource Development recently announced its intention to build 14 new comprehensive universities of "world-class" stature. Other Asian powers are eager not to be left behind: Singapore is planning a new public university of technology and design, in addition to a new American-style liberal arts college affiliated with the National University. Such initiatives suggest that governments in Asia understand that overhauling their higher-education systems is required to sustain economic growth in a postindustrial, knowledge-based global economy. They are making progress by investing in research, reforming traditional approaches to curricula and pedagogy, and beginning to attract outstanding faculty from abroad. Many challenges remain, but it is more likely than not that by midcentury the top Asian universities will stand among the best universities in the world.
Topic:: Development, Economics, and War
Political Geography:: Japan, China, Taiwan, and South Korea

574. Faulty Basel

Author:: Marc Levinson
Publication Date:: 05-2010
Content Type:: Journal Article
Journal:: Foreign Affairs
Institution:: Council on Foreign Relations
Abstract:: No abstract is available.
Topic:: Economics and Financial Crisis
Political Geography:: United States and Europe

575. Expeditionary Economics

Author:: Carl J. Schramm
Publication Date:: 05-2010
Content Type:: Journal Article
Journal:: Foreign Affairs
Institution:: Council on Foreign Relations
Abstract:: No abstract is available.
Topic:: Economics
Political Geography:: Afghanistan, United States, and Iraq

576. A Forgotten Promise: Ending the Isolation of Turkish Cypriots

Author:: Mensur Akgün and Sylvia Tiryaki
Publication Date:: 03-2010
Content Type:: Journal Article
Journal:: Insight Turkey
Institution:: SETA Foundation for Political, Economic and Social Research
Abstract:: Despite repeated calls and promises, Turkish Cypriots live in economic, political and humanitarian isolation. This paper tries to address one aspect of it and elaborates on the legal basis of these isolationist practices imposed on one side of the island. It challenges the international legal validity of the de facto sanctions. Furthermore, it claims that lifting economic isolation will also serve as a confidence building tool between Greek and Turkish Cypriots as well as between Turkey and the Republic of Cyprus represented by the Greek Cypriots since such an act will lead to Turkey's reciprocation and the normalization of relations with the Republic of Cyprus. It also argues that neither the UN, nor the EU has ever imposed any sanctions on Turkish Cypriots and the policy of isolation, as such, has only been practiced by the Greek Cypriots and the Greeks. This paper intends to clarify the distinction between sanctions and non-recognition. It also highlights the promises made by the EU to the Turkish Cypriots, in particular, the one made on April 26, 2004, when the Council of the EU proclaimed its commitment to end the isolation of the Turkish Cypriot community.
Topic:: Economics and United Nations
Political Geography:: Turkey, Greece, and Balochistan

577. What is Driving the European Debate about Turkey?

Author:: Elizabeth Shakman Hurd
Publication Date:: 03-2010
Content Type:: Journal Article
Journal:: Insight Turkey
Institution:: SETA Foundation for Political, Economic and Social Research
Abstract:: This article explores the cultural politics of European opposition to Turkish accession to the EU. It argues that the foundations of secularism-the powerful a prioris that structure the debate in Europe regarding religion and politics-make it difficult for Europeans to cope with what is often described as an "Islamic challenge" to Europe, both internally and externally. Turkish candidacy makes these stumbling blocks explicit, as Turkey has become the symbolic carrier of domestic European angst about religion, particularly Islam, and politics. Turkish candidacy highlights unfinished business in the social fabric of the core EU members, including what it means to be secular and how religion, including but not limited to Islam, relates to European identity. These sticking points are what the debate over Turkish membership is really about, and it is for this reason that it is culturally-in addition to economically and politically-so contentious.
Topic:: Economics, Islam, and Politics
Political Geography:: Europe and Turkey

578. Making Islam Democratic: Social Movements and the Post-Islamist Turn

Author:: Ş. İlgü Özler
Publication Date:: 03-2010
Content Type:: Journal Article
Journal:: Insight Turkey
Institution:: SETA Foundation for Political, Economic and Social Research
Abstract:: In this book, Asef Bayat explores Islam and democracy especially with regard to what he calls the “post-Islamist” movement in the Muslim world. Instead of asking whether Islam and democracy are compatible, he asks, “under what conditions can Muslims instigate democratization within their countries?” He challenges the Orientalist view on Islamic exceptionalism by not only contesting the validity of the question about the compatibility of democracy and Islam, but also through a very thorough investigation of the post-Islamist movement in Iran and the Islamist movement in Egypt. He defines post-Islamism as a “condition” and a “project” that emphasizes change through religiosity and rights that arises after Islamism runs its course as a legitimate source of hope for political and economic development (p. 10-11). Through his in depth case studies he demonstrates that the state has been successful in suppressing the post-Islamist social movements and their secular and reformist demands for political change in Iran. While the state has been equally successful at suppressing opposition (the political Islamist movement) in Egypt, the Egyptian state has not been able to quell society's turn to Islamism.
Topic:: Economics and Islam
Political Geography:: Iran and Egypt

579. Economic Contractions in the United States: A Failure of Government

Author:: Mark Calabria
Publication Date:: 06-2010
Content Type:: Journal Article
Journal:: The Cato Journal
Institution:: The Cato Institute
Abstract:: Charles Rowley and Nathanael Smith have put together a brief, yet extensive, study comparing America's Great Depression and the recent financial crisis. Their focus is on both the economics and the politics behind these events. With both, they demonstrate how each was a failure of government, not of the market. The book concludes with several recommendations for addressing our nation's current economic and fiscal situation. The most original contribution of their work is in bringing a Public Choice framework to evaluating the financial crisis.
Topic:: Economics and Financial Crisis
Political Geography:: United States

580. The Evolution of Russian Conceptual and Political Models of High Technology Cooperation

Author:: Ivan V. Danilin
Publication Date:: 04-2010
Content Type:: Journal Article
Journal:: Connections
Institution:: Partnership for Peace Consortium of Defense Academies and Security Studies Institutes
Abstract:: International cooperation in the area of high technology—in design and development, manufacturing, and distribution—is one of the most important features of the current state of innovation around the world. Outsourcing, the ability to search for talent globally, the lowering of costs by transferring production facilities to developing countries, the evolution of global supply chains, venture capitalists' tireless search for fresh ideas all over the world—all these and numerous other processes combine to shape the reality of modern highly internationalized, collaborative, and interconnected activities involved in developing innovative new technologies. Even during the recent global economic crisis, these trends persisted. In spite of the fact that Western multinational corporations (MNCs) dominate the market and still are key players in these processes, companies from China and other developing nations are actively joining the game. Russia, which has declared its intention to regain (on a new footing) its former leader- ship role in science and technology, is also looking at international cooperation in the area of high technology as a powerful and important instrument for the development of national networks of innovation and a strong innovative economy, in hopes of securing a significant future market share in global sales of high-technology goods and services. But unlike many other nations, Russia's path, strategies, and modes of cooperation are still in transition, and are affected not only by the logic of the globalized economy, but also by different political and economic challenges inherited from previous decades, as well as by the political visions of different groups of national elites.
Topic:: Economics
Political Geography:: Russia and China

581. Pyongyang's Survival Strategy: Tools of Authoritarian Control in North Korea

Author:: Daniel Byman and Jennifer Lind
Publication Date:: 08-2010
Content Type:: Journal Article
Journal:: International Security
Institution:: Belfer Center for Science and International Affairs, Harvard University
Abstract:: In the early 1990s, many observers predicted that Kim Il-sung's regime would not survive the cessation of Russian aid and the resulting downward spiral of North Korea's economy. Speculation about regime collapse intensified when the less charismatic Kim Jong-il succeeded his father in 1994, and again after the 1996–97 famine that killed upwards of a million North Koreans. Gen. Gary Luck, commander of U.S. forces in Korea, declared in 1997 that North Korea would “dis - integrate.” That same year, a U.S. government and outside team of experts predicted regime collapse within five years. Another decade brought more prognostications: in 2000 Director of Central Intelligence George Tenet warned that “sudden, radical, and possibly dangerous change remains a real possibility in North Korea, and that change could come at any time.” Three years later, U.S. Deputy Secretary of Defense Paul Wolfowitz said that North Korea was “teetering on the edge of economic collapse.” Contemporary accounts warn that the regime is threatened by the growing flow of information into the country or by popular outcry touched off by the government's 2009 bungling of currency reform.
Topic:: Economics
Political Geography:: United States and North Korea

582. The United States and the Rise of China: Implications for the Long Haul

Author:: Robert J. Art
Publication Date:: 09-2010
Content Type:: Journal Article
Journal:: Political Science Quarterly
Institution:: Academy of Political Science
Abstract:: Today, economically wounded though it is, the United States nonetheless remains the world ʼ s most powerful state when power is measured in terms of economic and military assets. In the future, the U.S. economy will continue to grow, and the United States will remain the most powerful military nation on earth for some time to come. However, America ʼ s economic and military edge relative to the world ʼ s other great powers, will inevitably diminish over the next several decades.
Topic:: Economics
Political Geography:: United States and China

583. Hydraulic Pressures: Into the Age of Water Security

Author:: James E. Nickum
Publication Date:: 09-2010
Content Type:: Journal Article
Journal:: Foreign Affairs
Institution:: Council on Foreign Relations
Abstract:: No abstract is available.
Topic:: Security, Development, and Economics
Political Geography:: United States, Mexico, and Southeast Asia

584. Interdependency Theory: China, India and the West

Author:: Simon Tay
Publication Date:: 09-2010
Content Type:: Journal Article
Journal:: Foreign Affairs
Institution:: Council on Foreign Relations
Abstract:: No abstract is available.
Topic:: Development, Economics, Government, and Financial Crisis
Political Geography:: China and India

585. How an Economy Grows and Why It Crashes

Author:: Daniel Wahl
Publication Date:: 09-2010
Content Type:: Journal Article
Journal:: The Objective Standard
Institution:: The Objective Standard
Abstract:: Very few economists predicted an economic catastrophe in 2007. Even following the crash, many continued to claim that our present economic course was fine. As for today? “Three years into the mess, economists now offer remedies that strike most people as frankly ridiculous. We are told that we must go deeper into debt to fix our debt crisis, and that we must spend in order [to] prosper” (pp. xi–xii). The source of such seeming obliviousness, according to Peter and Andrew Schiff, is the early-20th-century economist John Maynard Keynes. According to the Schiffs, Keynes taught that governments could smooth market volatility, increase employment, boost growth, and raise living standards simply by going into more debt and printing more money. Although they grant that Keynes was smart, the Schiffs say he developed some very stupid economic ideas—ideas that are false, dangerous, and causing the collapse of America's economy. The Schiffs set out to counter these harmful ideas in How an Economy Grows and Why It Crashes. The book is an extended allegory of U.S. economic history, with supplementary discussions and illustrations. It begins with three men living on a tropical island, each subsisting on one fish per day, which he catches with his bare hands. One of the men, Able, devises a better way to catch fish: a net. Thus equipped, he hopes to catch more fish, and faster, leaving himself spare time to make new clothes. . . .
Topic:: Economics and Government
Political Geography:: United States

586. The IMF and Its Barbarous Relic

Author:: Judy Shelton
Publication Date:: 09-2010
Content Type:: Journal Article
Journal:: The Cato Journal
Institution:: The Cato Institute
Abstract:: The International Monetary Fund has a wonderful heritage, a priceless legacy. It was created for the loftiest of economic purposes—to provide a stable monetary foundation to facilitate free trade and international capital flows—and to provide hope to a world beset by vicious and destructive war. Its architects, Harry Dexter White and John Maynard Keynes, surmounted personality clashes and political strains to carry out the mission that garnered their mutual respect: to establish optimal conditions for achieving world prosperity and world peace.
Topic:: Economics and International Monetary Fund

587. A Market-Based Regulatory Policy to Avoid Financial Crises

Author:: Luigi Zingales
Publication Date:: 09-2010
Content Type:: Journal Article
Journal:: The Cato Journal
Institution:: The Cato Institute
Abstract:: When it comes to “saving capitalism,” dealing with the “too big to fail” doctrine is a top priority. This doctrine has increasingly become the government policy on this issue, and it is probably the most dangerous policy for capitalism we can imagine. It under- mines capitalism in many ways: not only does it make the system less stable, but it also undermines the moral basis of capitalism. If you have a sector or a set of institutions where losses are socialized but where gains are privatized, then you destroy the economic and moral supremacy of capitalism. Either we deal with the perverse incentives created by this doctrine or we undermine the long-term sustainability of capitalism. So it is really important to think what we can do against this too-big-to-fail policy.
Topic:: Economics

588. Democracy and Development in the Philippines: Triumphs and Challenges

Author:: Harry K. Thomas, Jr.
Publication Date:: 09-2010
Content Type:: Journal Article
Institution:: Council of American Ambassadors
Abstract:: Since April of this year, I have had the honor of representing President Obama and the American people as Ambassador to the Republic of the Philippines, a major ally with whom the United States has an enduring partnership based on respect, shared values, and a desire for stability and prosperity. The Philippines is at a pivotal moment in its history. The election of Benigno S. “Noynoy” Aquino III, son of slain Senator Benigno “Ninoy” Aquino and his late widow, President Corazon C. Aquino, has brought fresh hope to the country for a better future, even in the face of enormous challenges. The United States strongly supports President Aquino's goals of peace, prosperity, and stability. To those ends, as Ambassador to the Philippines, my top priorities are raising awareness of the scourge of human trafficking in the Philippines, promoting business opportunity and investment, and deepening mutual understanding between the United States and my host country. I have also promoted investment in “green” sources of energy, not only to stimulate economic and job growth but also to protect the environment of this beautiful country and the world we share. My Embassy team and I are working vigorously to enhance our people-to-people ties through cultural and professional exchanges, the Peace Corps, and other programs that build mutual understanding so that we may expand our partnership in the spirit of mutual respect in the years ahead.
Topic:: Economics
Political Geography:: United States, America, and Philippines

589. Rebuilding America Through Exports

Author:: M. Osman Siddique
Publication Date:: 09-2010
Content Type:: Journal Article
Institution:: Council of American Ambassadors
Abstract:: In his State of the Union address, President Obama noted his intention to double US exports to grow our economy out of this recession. As a businessman and former US Ambassador, I could not agree more. This speech must be a clarion call. Millions of Americans are jobless, many thousands have lost homes, and we all— Democrats and Republicans—see the future with great concern and anxiety. Wall Street is shaky and Main Street is miles from revival. Can we rise to the challenge posed by new major competitors like China, India, Russia, etc.? Yes we can, but we clearly need a major shift in our economic strategy and foreign commercial trade policy.
Topic:: Economics
Political Geography:: Russia, United States, China, America, and India

590. Investing in the Future

Author:: Melanne Verveer
Publication Date:: 09-2010
Content Type:: Journal Article
Institution:: Council of American Ambassadors
Abstract:: Investing in the potential of women and girl s is one of the smartest investments that any country can make. Women are critical to driving economic growth and they are vital to creating stable societies. There is an abundance of data demonstrating the dynamic impact that economically empowered women have. The World Economic Forum (WEF) publishes an annual Gender Gap Report. Why would WEF particularly focus on gender gaps ? This report clearly illustrate s that countries with three key indicators—providing access to education for women and girls, access to healthcare, and having women's full politic al and economic participation— are the same countries that are far more prosperous and have made greater economic progress.
Topic:: Economics

591. Bibliography of Periodical Literature : Spring 2010

Author:: Norbert Scholz
Publication Date:: 03-2010
Content Type:: Journal Article
Journal:: Journal of Palestine Studies
Institution:: Institute for Palestine Studies
Abstract:: This section lists articles and reviews of books relevant to Palestine and the Arab-Israeli conflict. Entries are classified under the following headings: Reference and General; History (through 1948) and Geography; Palestinian Politics and Society; Jerusalem; Israeli Politics, Society, and Zionism; Arab and Middle Eastern Politics; International Relations; Law; Military; Economy, Society, and Education; Literature, Arts, and Culture; Book Reviews; and Reports Received. Reference and General `Abd al-Hay, Hana S. “Parliamentary Quotas for Women: Between International Support and Contradictory Arab Positions” [in Arabic]. MAUS, no. 23 (Sum. 09): 47–70. Abraham, Ibrahim, and Roland Boer. “'God Doesn't Care': The Contradictions of Christian Zionism.” Religion and Theology 16, nos. 1–2 (09): 90–110. Davis, Nancy J., and Robert V. Robinson. “Overcoming Movement Obstacles by the Religious Orthodoxy: The Muslim Brotherhood in Egypt, Shas in Israel, Comunione e Liberazione in Italy and the Salvation Army in the United States.” American Journal of Sociology 114, no. 5 (Mar. 09): 1302–49. Hassan, Riaz. “Interrupting a History of Tolerance: Anti-Semitism and the Arabs.” Asian Journal of Social Science 37, no. 3 (09): 453–62. Ouardani, Mohamed. “La religion peut-elle tout expliquer? L'islam comme modèle explicatif des sociétés musulmanes.” CM, no. 70 (Sum. 09): 147–64. Salem, Salah. “The Renovation of Arab Socialist Thought” [in Arabic]. ShA, no. 140 (Win. 09): 118–32. Al-Sayyadi, Mokhles. “Contemporary Islamic Movements” [in Arabic]. MA 32, no. 369 (Nov. 09): 7–27. History (through 1948) and Geography Abisaab, Malek. “Shiite Peasants and a New Nation in Colonial Lebanon: The Intifada of Bint Jubayl, 1936.” CSSAME 29, no. 3 (09): 483–501. Avci, Yasemin. “The Application of Tanzimat in the Desert: The Bedouins and the Creation of a New Town in Southern Palestine (1860–1914).” MES 45, no. 6 (Nov. 09): 969–83. Chazan, Meir. “Mapai and the Arab-Jewish Conflict, 1936–1939.” ISF 24, no. 2 (Win. 09): 28–51. Hirsch, Dafna. “'We are Here to Bring the West, Not Only to Ourselves': Zionist Occidentalism and The Discourse of Hygiene in Mandate Palestine.” IJMES 41, no. 4 (Nov. 09): 577–94. Holmila, Antero. “The Holocaust and the Birth of Israel in British, Swedish and Finnish Press Discourse, 1947–1948.” European Review of History 16, no. 2 (Apr. 09): 183–200. Hughes, Matthew. “From Law and Order to Pacification: Britain's Suppression of the Arab Revolt in Palestine, 1936–39.” JPS 39, no. 2 (Win. 2010): 6–22. Kabalo, Paula. “Challenging Disempowerment in 1948: The Role of the Jewish Third Sector during the Israeli War of Independence.” ISF 24, no. 2 (Win. 09): 3–27. ———. “The Historical Dimension: Jewish Associations in Palestine and Israel 1880s–1950s.” Journal of Civil Society 5, no. 1 (Jun. 09): 1–19. Kushner, David. “Mussaver Çöl: An Ottoman Magazine in Beersheba toward the End of World War I” [in Hebrew]. Cathedra, no. 132 (Jun. 09): 131–48. Nashif, Taysir. “Educational Background and Elite Composition: Jewish Political Leadership during the British Mandate.” ISF 24, no. 2 (Win. 09): 67–81. Sheffy, Yigal. “Chemical Warfare and the Palestine Campaign, 1916–1918.” Journal of Military History 73, no. 3 (Jul. 09): 803–44. ———. “The Jaffa–Jerusalem Railway Line, the Sejed Station, and British Military Intelligence” [in Hebrew]. Cathedra, no. 131 (Mar. 09): 163–69. Sinanoglu, Penny. “British Plans for the Partition of Palestine, 1929–1938.” Historical Journal 52, no. 1 (Mar. 09): 131–52. Palestinian Politics and Society Abdallah, Hmaidi. “The Prospect of the Intra-Palestinian Dialogue in Egypt” [in Arabic]. Dirasat Bahith 7, no. 27 (Sum. 09): 113–26. Abdallah, Taisir. “Prevalence and Predictors of Burnout among Palestinian Social Workers.” International Social Work 52, no. 2 (Mar. 09): 223–33. Abu Fakhr, Sakr, ed. “Fatah and the Palestine Liberation Organization” [in Arabic]. MDF, no. 79 (Sum. 09): 100–7. Aruri, Naseer, and Hani Fares, eds. “The Boston Declaration on the One State” [in Arabic]. MDF, no. 79 (Sum. 09): 124–26. Boulby, Marion. “On Shifting Boundaries: Islamist Women in Palestinian Politics.” BCBRL 4, no. 1 (Nov. 09): 31–32. Braverman, Irus. “Uprooting Identities: The Regulation of Olive Trees in the Occupied West Bank.” Political and Legal Anthropology Review 32, no. 2 (Nov. 09): 237–54. Brom, Shlomo, Giora Eiland, and Oded Eran. “Partial Agreements with the Palestinians.” Strategic Assessment 12, no. 3 (Nov. 09): 67–86. Clarno, Andy. “Or Does It Explode? Collecting Shells in Gaza.” Social Psychology 72, no. 2 (Jun. 09): 95–98. Dana, Seif. “Islamic Resistance in Palestine: Hamas, the Gaza War and the Future of Political Islam.” HLS 8, no. 2 (Nov. 09): 211–28. Fayyad, Salam (interview). “Salam Fayyad Presents his Project of State-Building” [in Arabic]. MDF, no. 79 (Sum. 09): 5–20. Harker, Christopher. “Spacing Palestine through the Home.” Transactions of the Institute of British Geographers 34, no. 3 (Jul. 09): 320–32. Hawatmeh, Nayef (interview). “Nayef Hawatmeh: A Comprehensive Interview” [in Arabic]. Dirasat Bahith 7, no. 27 (Sum. 09): 9–32. Ishtiya, Imad, Husni Awad, and Fakhri Dwaykat. “The Reasons behind Fatah's Decline: A Field Study” [in Arabic]. MDF, no. 79 (Sum. 09): 27–38. Jokman, Georges. “The Future of Fatah and the Two-State Solution: Power or Resistance” [in Arabic]. MDF, no. 79 (Sum. 09): 21–26. Kayyali, Majed. “The Impasse of Efforts for an Internal Palestinian Reconciliation” [in Arabic]. ShA, no. 39 (Fall 09): 14–24. Klein, Menachem. “Against the Consensus: Oppositionist Voices in Hamas.” MES 45, no. 6 (Nov. 09): 881–92. Kuruvilla, Samuel. “The Invention of History: A Century of Interplay between Theology and Politics in Palestine, Report on the International Centre of Bethlehem Conference, 23–29 August 2009.” HLS 8, no. 2 (Nov. 09): 235–38. Kurz, Anat. “The Sixth Fatah Convention: Formal Changes Only.” Strategic Assessment 12, no. 3 (Nov. 09): 51–65. Legrain, Jean-François. “Hamas et Fatah dans leur rivalité médiatique.” CM, no. 69 (Spr. 09): 75–86. Merari, Ariel, Jonathan Fighel, Boaz Ganor, et al. “Making Palestinian 'Martyrdom Operations'/'Suicide Attacks': Interviews with Would-Be Perpetrators and Organizers.” TPV 22, no. 1 (Jan. 10): 102–19. Al-Rimmawi, Hussein. “Spatial Changes in Palestine: From Colonial Project to an Apartheid System.” African and Asian Studies 8, no. 4 (09): 375–412. Salman, Talal. “In Memory of Shafiq al-Hout” [in Arabic]. MDF, no. 79 (Sum. 09): 96–99. Shikaki, Khalid. “Fatah Resurrected.” The National Interest, 104 (Nov./Dec. 09), http://www.nationalinterest.org/Article.aspx?id=22326. Taha, al-Moutawakkel. “Gaza: The War and the Culture” [in Arabic]. Dirasat Bahith 7, no. 27 (Sum. 09): 67–70. Tawil-Souri, Helga. “New Palestinian Centers: An Ethnography of the 'Checkpoint Economy'.” International Journal of Cultural Studies 12, no. 3 (May 09): 217–35. JERUSALEM Al-`Azaar, Muhammad K. “Jerusalem: 2009 Capital of Arab Culture” [in Arabic]. ShA, no. 140 (Win. 09): 104–16. Dumper, Michael. “'Two State Plus': Jerusalem and the Binationalism Debate.” JQ, no. 39 (Fall 09): 6–15. Dumper, Michael, and Craig Larkin. “UNESCO and Jerusalem: Constraints, Challenges and Opportunities.” JQ, no. 39 (Fall 09): 16–28. Frenkel, Yehoshua. “Praises of Jerusalem and Damascus” [in Hebrew]. Cathedra, no. 131 (Mar. 09): 142–46. Houk, Marian. “A New Convergence? European and American Positions on Jerusalem.” JQ, no. 38 (Fall 09): 88–96. Ju`ba, Nazmi. “Jerusalem: Between Land Settlements and Excavations” [in Arabic]. MDF, no. 79 (Sum. 09): 39–54. Khamaisi, Rassem. “Israel's Policy in Old Jerusalem: The Creeping Domination and Urbanization” [in Arabic]. Idafat, no. 8 (Fall 09): 121–44. Makhoul, Amir. “The Status of Jerusalem in the Palestinian Cause” [in Arabic]. ShA, no. 140 (Win. 09): 92–103. Pullan, Wendy. “The Space of Contested Jerusalem.” JQ, no. 39 (Fall 09): 39–50.
Topic:: Economics and Politics
Political Geography:: America, Israel, Palestine, and Arabia

592. Will Climate Change Alter the NPT Political Balance? New Challenges for the Non-proliferation Regime

Author:: Milagros Álvarez-Verdugo
Publication Date:: 02-2010
Content Type:: Journal Article
Abstract:: This article focuses on the possibilities of implementing a valid multilateral system for uranium enrichment and nuclear fuel-recycling activities. The contribution to the literature is twofold. First, I identify the economic, political, and legal tensions which should be overcome in order to establish such a multilateral system: enterprises' interests in keeping their economic advantages; mistrust among states as well as mistrust in the current non-proliferation verification system; the necessity of redefining the content of the states' right to use nuclear energy for peaceful purposes. And, last but not least, the willingness to cooperate of the states currently developing those activities of enrichment and recycling. Based on that analysis, the second contribution is the definition of those formulae for cooperation which would be the most appropriate for tackling the problems detected, as they could pave the way to the transition towards a multilateral system of worldwide reach.
Topic:: Economics

593. Simon Chesterman and Chia Lehnardt (eds). From Mercenaries to Market. The Rise and Regulation of Private Military Companies

Author:: Ebrahim Afsah
Publication Date:: 02-2010
Content Type:: Journal Article
Abstract:: Currently prevailing notions of the state have been considerably shaped by Max Weber's definition which distinguished the state from other socio-political communities through its monopoly on the use of legitimate violence to enforce its administrative decisions. In order to make this normative claim effective, the state needs to have the necessary coercive instruments (military, police, penitentiaries, etc.) at its disposal. At least in the industrialized nations there has therefore been a linear increase in the strength and reach of the state. This seemingly perennial increase in the ability of the state to engineer social outcomes, if necessary through the use of coercive means, was fuelled by a steady increase in economic production and a corresponding enlargement of the relative share of public spending. The lasting recessions in the aftermath of 1973, however, dramatically altered this overall picture. The end of full employment, seemingly unlimited economic growth, and attendant tax revenue exposed fundamental structural limits of statehood. This set in motion an ongoing academic and public discourse on the appropriate functional scope of a weakening state in an increasingly globalizing world which appeared far less amenable to deliberate political control, given pressures towards greater efficiency, competitiveness, and rationalization.
Topic:: Economics

594. Eve C. Landau and Yves Beigbeder. From ILO Standards to EU Law: The Case of Equality between Men and Women at Work

Author:: Nellie Munin
Publication Date:: 02-2010
Content Type:: Journal Article
Abstract:: Since its establishment in 1957, the European Union or, to be more precise, the European Economic Community was motivated by the vision of a single market, where the peoples of Europe would be able to conduct economic transactions without suffering from barriers to trade. EU law, EU legislation, and its interpretation by the European Court of Justice (ECJ) are aimed at promoting the single market vision, based on the four freedoms, one of which is the free movement of persons. These legally-established freedoms aim at removing obstacles to trade. Obstacles to the free movement of persons may include direct or indirect discrimination of employees at work. Discrimination may be based on grounds of religion, race, or sex. This book concentrates on the last.
Topic:: Economics
Political Geography:: Europe

595. From the Editor

Author:: Craig Biddle
Publication Date:: 10-2010
Content Type:: Journal Article
Journal:: The Objective Standard
Institution:: The Objective Standard
Abstract:: Welcome to the Fall 2010 issue of TOS—and a special welcome to our new Canadian readers who, with this issue, are discovering the Standard via newsstands in Canada's largest bookstore chain, Chapters/Indigo. We are excited to add our northern neighbors to the list of countries we infiltrate with principled discussion of the moral and philosophical foundations of freedom.
Topic:: Economics and Islam
Political Geography:: America and Canada

596. An Interview with John Allison about Pro-Capitalism Programs in American Universities

Publication Date:: 10-2010
Content Type:: Journal Article
Journal:: The Objective Standard
Institution:: The Objective Standard
Abstract:: I recently spoke with Professor John Allison about his efforts and successes in creating pro-capitalist programs in American universities. Professor Allison was the CEO of BB for twenty years, during which time the company's assets grew from $4.5 billion to $152 billion. He now teaches at Wake Forest University. —Craig Biddle Craig Biddle: Hello, John, and thank you for joining me. John Allison: It is a pleasure to be with you. Photo courtesy Wake Forest University CB: Let me begin with a couple of questions about your work at Wake Forest. I understand that you joined the faculty in March 2009 as a Distinguished Professor of Practice—a fitting title given your decades of applying philosophy to business. What has your work at the university entailed so far? And how have your ideas been received? JA: I've primarily been involved in teaching leadership both to students and to some of the administrators in the university. I taught a course on leadership last fall, and I've been participating in various courses taught by other professors on finance, mergers and acquisitions, and organizational development. But my focus is on leadership. My ideas have been well received. The students take great interest in talking to someone who has been in the real world and been successful in business. I think they appreciate that perspective. CB: Through the BB Charitable Foundation, you've established programs for the study of capitalism at a number of American universities. How many of these programs are there now? What unifies them? And what generally do they entail? JA: BB has sponsored sixty-five programs to date, and they're all focused on the moral foundations of capitalism. While many people recognize that capitalism produces a higher standard of living, most people also believe that capitalism is either amoral or immoral. Our academic question is: How can an immoral system produce a better outcome? We believe that capitalism is moral and that this is why it is so successful. We think it is critically important that we not only win the battle over economic efficiency, but that we engage in and win the debate over ethics as well.
Topic:: Economics
Political Geography:: America

597. How an Economy Grows and Why It Crashes

Author:: Daniel Wahl
Publication Date:: 10-2010
Content Type:: Journal Article
Journal:: The Objective Standard
Institution:: The Objective Standard
Abstract:: Very few economists predicted an economic catastrophe in 2007. Even following the crash, many continued to claim that our present economic course was fine. As for today? “Three years into the mess, economists now offer remedies that strike most people as frankly ridiculous. We are told that we must go deeper into debt to fix our debt crisis, and that we must spend in order [to] prosper” (pp. xi–xii). The source of such seeming obliviousness, according to Peter and Andrew Schiff, is the early-20th-century economist John Maynard Keynes. According to the Schiffs, Keynes taught that governments could smooth market volatility, increase employment, boost growth, and raise living standards simply by going into more debt and printing more money. Although they grant that Keynes was smart, the Schiffs say he developed some very stupid economic ideas—ideas that are false, dangerous, and causing the collapse of America's economy. The Schiffs set out to counter these harmful ideas in How an Economy Grows and Why It Crashes. The book is an extended allegory of U.S. economic history, with supplementary discussions and illustrations. It begins with three men living on a tropical island, each subsisting on one fish per day, which he catches with his bare hands. One of the men, Able, devises a better way to catch fish: a net. Thus equipped, he hopes to catch more fish, and faster, leaving himself spare time to make new clothes.
Topic:: Economics
Political Geography:: United States

598. Hishaam D. Aidi, Redeploying the State: Corporatism, Neoliberalism, and Coalition Politics

Author:: Ahmet T. Kuru
Publication Date:: 07-2010
Content Type:: Journal Article
Journal:: Insight Turkey
Institution:: SETA Foundation for Political, Economic and Social Research
Abstract:: Redeploying the State is a book about statehood, which can also be called state strength, capacity, or effectiveness. In order to address this topic, it takes as its subject a comparative study of Egypt and Mexico, particularly in the arenas of privatization and labor disputes. Hishaam Aidi asks why the Egyptian state was much less effective than the Mexican state in economic reforms, especially in regard to Mexico's ability to overcome the labor movement's opposition, despite the fact that Egypt was much more authoritarian and therefore had a more repressed labor movement than Mexico. While explaining this puzzle, Aidi implicitly refutes essentialism, which refers to certain “essences” of Islam, while explaining Muslim socio-political life
Topic:: Economics, Politics, and Reform
Political Geography:: Egypt and Mexico

599. Prospects for Democratization in Iran: Policy Implications

Author:: Dariush Zahedi
Publication Date:: 04-2010
Content Type:: Journal Article
Journal:: Insight Turkey
Institution:: SETA Foundation for Political, Economic and Social Research
Abstract:: The breakdown or modification of the Islamic Republic, though not imminent, is increasingly conceivable. However, in the event that the regime were to fall, Iran is bereft of many of the social and economic requisites for a stable democracy to emerge. About 80% of the Iranian economy is in the hands of the state, the private sector is dependent and feeble, and the 70% of the Iranians that are under the age of 30 are neither propertied nor middle class. This has implications for US policy, made all the more urgent by the timeline imposed by the looming nuclear issue. Rather than experiment with ineffectual and counter-productive attempts at democracy promotion, this study suggests that a policy of long-term international diplomatic and economic engagement is the best available tool for transforming Iranian society and politics in such a way that a transition to a sustained and stable democracy and, by implication, a resolution of Iran's nuclear issue, becomes more likely.
Topic:: Economics and Islam
Political Geography:: Iran

600. The Union for the Mediterranean: Views from the Southern Shores

Author:: Kamleh Khatib
Publication Date:: 09-2010
Content Type:: Journal Article
Journal:: The International Spectator
Institution:: Istituto Affari Internazionali
Abstract:: Through a series of open-question interviews carried out with those responsible for the UfM file between late 2008 and early 2009, some undeniable and unanimously accepted merits were voiced. However, views from the southern shores of the Mediterranean appear to be multifaceted and not uniform with only one dominant common trait echoing in all interviews and shaping negative perceptions, namely, the weight the Arab-Israeli conflict exerts in hampering the initiative. While a Union of projects could "address the architectural deficit that has prevented the Mediterranean from becoming a coherently functional economic regional space", high politics emerge, yet again, as an inescapable reality that demands prioritisation.
Topic:: Economics
Political Geography:: Israel and Arabia

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