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  • Author: Ila Patnaik, Ajay Shah
  • Publication Date: 01-2014
  • Content Type: Working Paper
  • Institution: Carnegie Endowment for International Peace
  • Abstract: India's financial system has long been inadequate. With an economy worth $2 trillion, the country's financial flaws are increasingly serious and outright dangerous. But fundamental change is under way. The government-backed Financial Sector Legislative Reforms Commission drafted the Indian Financial Code (IFC), a single unified law that replaces most existing financial law in India and is an important milestone in the development of state capacity. Now the government must work to adopt and implement the full code.
  • Topic: Economics, Monetary Policy, Financial Crisis, Reform
  • Political Geography: South Asia, India
  • Author: Ashraf El-Sherif
  • Publication Date: 01-2014
  • Content Type: Working Paper
  • Institution: Carnegie Endowment for International Peace
  • Abstract: Three years after the uprising that ousted Hosni Mubarak from power, Egypt continues to grapple with an authoritarian state. Throughout the rise and fall of the Muslim Brotherhood, authoritarian forces remained the key political players. Democratic alternatives have not capitalized on cracks in the system. Prospects for the Brotherhood's political reintegration and a democratization of political Islam are bleak. As long as credible alternatives fail to gain traction, the old state will persist and Egypt's central challenges will remain unresolved.
  • Topic: Conflict Resolution, Democratization, Political Economy, Regime Change, Governance
  • Political Geography: North Africa, Egypt
  • Author: Richard Youngs
  • Publication Date: 03-2014
  • Content Type: Working Paper
  • Institution: Carnegie Endowment for International Peace
  • Abstract: Politics in the Middle East are increasingly polarized and fragmented. The Arab Spring's citizen-led spirit of reform is still alive, but societies are increasingly torn apart by bitter tensions between Sunni and Shia, secular liberals and Islamists, and governments and civil society. As polarization has deepened, the concern with engaging in dialogue to bridge differences has intensified. The relationship between these mediation efforts and support for systemic reform will be a pivotal factor in the Middle East's future political trajectory.
  • Topic: Conflict Resolution, Civil Society, Democratization, Islam, Regime Change, Governance, Sectarianism
  • Political Geography: Africa, Middle East, Arabia
  • Author: Frédéric Grare
  • Publication Date: 03-2014
  • Content Type: Working Paper
  • Institution: Carnegie Endowment for International Peace
  • Abstract: Mutual indifference has long characterized relations between India and Australia, but the two countries' interests are increasingly converging. In particular, New Delhi and Canberra are both wary of China's growing assertiveness in the Asia-Pacific region. Yet there are several constraints hindering the development of a strong India-Australia partnership, and both countries need to be realistic about the prospects for a closer strategic relationship.
  • Topic: Security, Foreign Policy, Defense Policy, Bilateral Relations
  • Political Geography: China, Asia, New Delhi, Australia, Canberra
  • Author: Stefan Lehne
  • Publication Date: 02-2014
  • Content Type: Working Paper
  • Institution: Carnegie Endowment for International Peace
  • Abstract: Through its European Neighborhood Policy (ENP), the European Union (EU) aims to support the structural transformation of its Eastern and Southern neighbors, promoting democracy, the rule of law, and successful market economies. Ten years after the ENP's launch, it is clear that the policy is not working. Adjusting the ENP to the changing reality on the ground, sharpening its tools, and rebuilding its credibility should be a top priority for the EU's foreign policy leadership.
  • Topic: Foreign Policy, Democratization, Economics, International Trade and Finance, Markets
  • Political Geography: Europe
  • Author: Raphaël Lefèvre
  • Publication Date: 04-2014
  • Content Type: Working Paper
  • Institution: Carnegie Endowment for International Peace
  • Abstract: Syria's civil war is having a dramatic impact on its neighbors, particularly Lebanon. The spillover is glaring in the northern city of Tripoli, where street violence is rising, sectarianism is at unprecedented levels, and Sunni extremism is flourishing. This instability threatens to spread to other areas of the country. Yet, Lebanon's problems have as much to do with domestic dynamics as with the unrest in Syria. Lebanese policymakers must address a number of issues that have long been ignored.
  • Topic: Conflict Resolution, Political Violence
  • Political Geography: Middle East, Arabia, Syria
  • Author: Rachel Kleinfeld, Harry Bader
  • Publication Date: 04-2014
  • Content Type: Working Paper
  • Institution: Carnegie Endowment for International Peace
  • Abstract: The international community's approach to building the rule of law in situations of extreme violence can be improved. These contexts demand a strategy that reduces the strength of armed nonstate groups and restores stability so governance-building activities can take hold. Lessons from a program implemented by the Natural Resources Counterinsurgency Cell (NRCC) in Afghanistan can help inform a more holistic strategy.
  • Topic: International Cooperation, Terrorism, Armed Struggle, Bilateral Relations, Border Control
  • Political Geography: Afghanistan
  • Author: Stefan Lehne
  • Publication Date: 05-2014
  • Content Type: Working Paper
  • Institution: Carnegie Endowment for International Peace
  • Abstract: As the financial crisis recedes and the European Union (EU) regains a measure of internal stability, pressure in Europe\'s neighborhood is on the rise. The Ukraine crisis and turmoil in the Middle East and North Africa have elevated foreign policy to the top of the EU\'s agenda. Whether the EU can make its external action more effective will depend in large part on institutional decisions made in 2014—the selection of a new leadership team and the reorganization of the European Commission.
  • Topic: Security, Foreign Policy, Economics, Human Rights, Regional Cooperation
  • Political Geography: Europe, Ukraine, Middle East, North Africa
  • Author: Richard Youngs
  • Publication Date: 05-2014
  • Content Type: Working Paper
  • Institution: Carnegie Endowment for International Peace
  • Abstract: Climate change plays an increasingly important role in European security debates. The European Union (EU) has begun to develop "climate security" strategies that address the strategic and political impacts of climate change. But policymakers are uncertain about how to shape immediate policy responses, and efforts to address various climate-related threats have fallen short. The EU needs to develop a more comprehensive strategy that responds to and prepares for climate-induced geopolitical instability.
  • Topic: Security, Climate Change, Regional Cooperation
  • Political Geography: Europe
  • Author: Sinan Ülgen
  • Publication Date: 06-2014
  • Content Type: Working Paper
  • Institution: Carnegie Endowment for International Peace
  • Abstract: Many countries are interested in the Transatlantic Trade and Investment Partnership (TTIP) that Brussels and Washington are negotiating. But the United States and the European Union (EU) began talks without devising a way to involve their main trade partners. This approach, understandable given the complexity of the negotiations, could produce a bilateral agreement that is difficult to multilateralize. To influence the negotiations, third countries interested in eventually joining TTIP should pursue an agenda centered on the accession mechanism, the elimination of nontariff barriers, and dispute settlement.
  • Topic: Economics, Human Rights, International Trade and Finance
  • Political Geography: United States, Europe