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Begin New Search Topic International Trade and Finance Content Type Policy Brief

81. Making the best of Brexit for the EU27 financial system

Author:
Andre Sapir, Dirk Schoenmaker, and Nicolas Veron
Publication Date:
02-2017
Content Type:
Policy Brief
Institution:
Bruegel
Abstract:
The United Kingdom’s exit from the European Union creates an opportunity for the remaining EU27 to accelerate the development of its financial markets and to increase its resilience against shocks. Equally, Brexit involves risks for market integrity and stability, because the EU including the UK has been crucially dependent on the Bank of England and the UK Financial Conduct Authority for oversight of its wholesale markets. Without the UK, the EU27 must swiftly upgrade its capacity to ensure market integrity and financial stability. Furthermore, losing even partial access to the efficient London financial centre could entail a loss of efficiency for the EU27 economy, especially if financial developments inside the EU27 remain limited and uneven.
Topic:
Economics, International Political Economy, International Trade and Finance, Political stability, and Brexit
Political Geography:
Britain and Europe

82. Why is it so hard to reach the EU’s ‘poverty’ target?

Author:
Zsolt Darvus
Publication Date:
01-2017
Content Type:
Policy Brief
Institution:
Bruegel
Abstract:
The ‘poverty’ target set by the European Commission aims to lift “over 20 million people out of poverty” between 2008 and 2020 in the EU27. Progress to date against this target has been disappointing. Why is it so hard to reach the Europe 2020 ‘poverty’ target? What does the poverty indicator actually measure?
Topic:
Economics, International Political Economy, International Trade and Finance, and Poverty
Political Geography:
Europe

83. Why trade facilitation matters now more than ever

Author:
Antoni Estevadeordal
Publication Date:
04-2017
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
On February 22, 2017, the World Trade Organization’s (WTO) Trade Facilitation Agreement (TFA) entered into force. The TFA was concluded at the WTO Bali Ministerial Conference in 2013. Since then, countries have been working on implementing the agreement in their domestic markets to reach the two-thirds requirement for implementation.[1] As of March 2017, 113 members (or 69 percent of WTO members) have ratified the agreement—including 19 Latin American and Caribbean (LAC) countries—and another 93 countries have notified the WTO of their timeline for each TFA provision, giving a comprehensive picture of the state of the agreement.
Topic:
International Political Economy and International Trade and Finance
Political Geography:
Global Focus

84. Proposal to accelerate social mobility: Incentivizing greater private investment in the skill development of 21st century workers

Author:
Colin I. Bradford and Roger Burkhardt
Publication Date:
03-2017
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
In this policy brief, we discuss the importance of accelerated private investment in skill development of labor as a means to increase the competitiveness of firms, to create value added by workers, and to boost wages and social mobility. This brief was used at the VISION 20 Workshop held at the Brookings Institution on February 27, 2017, to help generate new “big picture” policy approaches for the German G-20 Summit in Hamburg in July. The workshop was sponsored by the University of British Columbia Institute for Asia Research, the Munk School at the University of Toronto, the Boell Foundation, and the Friedrich Ebert Stiftung with the participation of the Kiel Institute for the World Economy and the German Development Institute.
Topic:
International Trade and Finance, Social Movement, and International Development
Political Geography:
Global Focus

85. Trump and the IMF

Author:
Susan Schadler
Publication Date:
10-2017
Content Type:
Policy Brief
Institution:
Centre for International Governance Innovation
Abstract:
So far, the International Monetary Fund (IMF) has defied the odds in its relations with the administration of US President Donald Trump. In contrast to the administration’s at times stormy ride with some other international organizations and agreements, relations have been rather calm — even friendly — between the United States and the IMF. There has been no talk of cutting US funding to the IMF, no threat of pulling out of the organization, no statements casting aspersions on the IMF and no “tweet storms” on specific events involving the IMF. In fact, although not directly from President Trump, statements in support of actions or positions of the IMF have surfaced. Why has the IMF escaped the antagonism of the new administration, and can it continue to do so?
Topic:
International Political Economy and International Trade and Finance
Political Geography:
Global Focus

86. Showing Up Is Not Enough: Trump’s First 100 Days in the Asia-Pacific

Author:
Michael Fuchs, Brian Harding, and Melanie Hart
Publication Date:
04-2017
Content Type:
Policy Brief
Institution:
Center for American Progress - CAP
Abstract:
n its first 100 days in office, the Trump administration has surprised many by continuing the Obama administration’s intense pace of high-level diplomatic engagement with partners across the Asia-Pacific region. But despite that attention—or perhaps in part because of it—the Trump administration has also unnerved allies and partners in the region with a series of damaging policy moves and undiplomatic public comments. After the first few months of Trump’s presidency, this issue brief provides some thoughts on how the administration is doing so far in Asia.
Topic:
Diplomacy, International Cooperation, International Trade and Finance, and Peace
Political Geography:
Asia, North America, and United States of America

87. The European Union and Turkey in 2017: Move On or Apart?

Author:
Michael Werz
Publication Date:
07-2017
Content Type:
Policy Brief
Institution:
Center for American Progress - CAP
Abstract:
Turkey’s efforts to negotiate for full membership in the European Union have now dragged on for more than a decade. Instead of bringing Turkey and the EU closer together, today the two are more estranged than ever before—and rapidly moving in opposite directions. While many of the relevant European countries have—albeit with difficulties—managed to stave off a wave of populist nationalism for the time being and are on a solid or at least stable growth path, the economic and political environment in Turkey continues to deteriorate. With mounting private debt, often denominated in foreign currencies, Turkey is desperately dependent on foreign direct investment—two-thirds of which comes from EU member states—and a renegotiation of the customs union.1 Even more concerning has been the profound political polarization, ethnic tensions, and sectarianism that have come to dominate public life in Turkey. The ruling party has overseen an enormous centralization of power, jailing opposition parliamentarians, reassigning thousands of judges and prosecutors, and bringing relentless political pressure to bear on Turkish civil society organizations. At last count, 15 of Turkey’s 191 universities have been closed by government decree, more than 130 journalists have been jailed, 178 media outlets have been shut down or put under government control, and 5,000 university professors from 112 universities have been dismissed.2 At the same time, a low-intensity civil war continues between the Kurdistan Workers’ Party (PKK) and the Turkish state in Eastern Anatolia, with dozens of casualties on both sides every week.3 Cumulatively, these developments have brought the relationship between the EU and Turkey to a decision point—it is time for the EU to revisit past strategies, readjust, and devise a path forward that encompasses both elements of a hard line approach when it comes to human rights and democracy within Turkey and an even stronger emphasis on continued engagement. At times, these strategies will exclude each other, but given the current state of affairs, there is no alternative. All elements of the complex relationship are at play and should be considered assets in a redefined EU strategy, one that will increasingly have to shift from political pressures to economic quid pro quo to generate the necessary leverage. A stronger approach is not only needed to save Turkey from further deterioration; these developments also have a direct impact on Europe, given Turkey’s close ties with the continent and with large emigrant communities, especially in Germany, the Netherlands, and France. While there is consensus that the current turmoil within the European Union and in Turkey requires decisive action, EU policymakers still disagree about the best path forward. Traditional tools of policy engagement—the membership process, high-level consultations, and increased economic cooperation—more often have seemed to exacerbate problems in recent years than resolve them, and other options are lacking. Each one of these tools has become less effective the more Turkey has gravitated into a state of centralized authoritarianism. Given this current situation, a more systematic and strategic engagement with Turkish civil society is one of the few potentially productive avenues open to EU policymakers who seek to support Turkish democracy and maneuver it toward more enlightened EU-Turkish relations.
Topic:
Diplomacy, International Trade and Finance, Regional Cooperation, Treaties and Agreements, European Union, and Regionalism
Political Geography:
Europe and Turkey

88. Space for Local Content Policies and Strategies

Author:
Columbia Centre on Sustainable Investment
Publication Date:
10-2016
Content Type:
Policy Brief
Institution:
Columbia Center on Sustainable Investment
Abstract:
This paper explores both the role that local content measures can play in advancing sustainable development, and the impact that trade and investment treaties concluded over the past 20 years have had and will continue to have on the ability of governments to employ those tools. Certain local content measures had been restricted under the WTO due to wide agreement by negotiating parties that their costs outweigh their benefits. But the WTO also left a number of local content measures in governments’ policy toolboxes. As is discussed in this paper, however, that is changing, with the range of permissible actions for many countries being significantly smaller than it was even a decade ago. This narrowed policy space, in turn, can limit the steps governments can take to make progress on the universally adopted Sustainable Development Goals.
Topic:
International Trade and Finance and International Affairs
Political Geography:
Global Focus

89. EU trade diplomacy and the cold peace in cross-Strait relations

Author:
Maaike Okano-Heijmans
Publication Date:
11-2016
Content Type:
Policy Brief
Institution:
Clingendael Netherlands Institute of International Relations
Abstract:
Today’s uncertainty in cross-Strait relations is not without consequence for third parties that maintain ties with both China and Taiwan. To what extent does (and should) the situation also impact on EU’s trade diplomacy with both sides? This policy brief argues that under today’s circumstances, the cold peace in cross-Strait relations is reason to tread carefully — and to stay on course. The May 2016 inauguration of the Taiwanese government led by Democratic Progressive Party (DPP) leader Tsai Ing-wen placed a big question mark over the future of cross-Strait relations. Within weeks, Beijing had unilaterally imposed a freeze on (semi-)official talks until the new Taiwanese President acknowledges the so-called 1992 Consensus. While confirming its ‘one China’ policy, the EU may contribute to the stability of cross-Strait relations by being a partner in China’s economic reform and by negotiating EU–China and EU–Taiwan investment agreements in parallel. In this policy brief author Maaike Okano-Heijmans builds on discussions during the 13th Symposium on ‘Sino–EU Relations and the Taiwan Question’, which was held in Shanghai from 9–11 October 2016 and in Taipei from 12–14 October 2016. These second-track dialogues were supported by the Friedrich Ebert Stiftung, the Shanghai Institute of International Studies and the Taiwanese Ministry of Foreign Affairs.
Topic:
International Relations, Foreign Policy, Diplomacy, International Political Economy, and International Trade and Finance
Political Geography:
China, Taiwan, and European Union

90. Implications of Mega Free Trade Agreements for Asian Regional Integration and RCEP Negotiation

Author:
Fukunari Kimura and Lurong Chen
Publication Date:
03-2016
Content Type:
Policy Brief
Institution:
Economic Research Institute for ASEAN and East Asia (ERIA)
Abstract:
As mega free trade agreements (FTAs) are reshaping the rules of global governance, there is urgency for member states of the Association of Southeast Asian Nations (ASEAN) to take proper actions in response to the changing world economic order. On one hand, they should closely observe the progress of negotiations and follow up the issues that are under discussion in mega FTAs. On the other hand, they have to accelerate the pace in concluding the negotiations of the Regional Comprehensive Economic Partnership (RCEP).
Topic:
Economics, International Trade and Finance, and Global Political Economy
Political Geography:
Southeast Asia and Global Focus