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21. COVID-19 and the 2020 US presidential election: Did the pandemic cost Donald Trump reelection?

Author:
Marcus Noland and Eva (Yiwen) Zhang
Publication Date:
03-2021
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
By Election Day 2020, the COVID-19 pandemic had killed 234,244 Americans and caused the sharpest macroeconomic downturn in US history. Hypothetical calculations using county-level electoral data show that in a “no pandemic” scenario or a scenario in which the severity of the pandemic was mitigated by 30 percent, Donald Trump would have lost the popular vote but won the electoral vote. In the 20 percent mitigation scenario, the electoral vote would have been tied, giving Trump a presumptive victory in the House of Representatives. For the second time in a row (and the third time since 2000), the candidate who lost the popular vote would have been elected president of the United States.
Topic:
Government, Politics, Elections, Donald Trump, and COVID-19
Political Geography:
North America and United States of America

22. COVID-19 credit support programs in Europe’s five largest economies

Author:
Julia Anderson, Francesco Papadia, and Nicolas Véron
Publication Date:
04-2021
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
n 2020, European governments mitigated the economic impact of COVID-19 lockdowns and other pandemic-fighting programs through a host of initiatives, including efforts to support credit, such as guarantees for bank loans, particularly to small and medium-sized enterprises. This paper presents detailed information about these national credit support programs in the largest national economies of the European Union (France, Germany, Italy, and Spain) and the United Kingdom. The information was collected through thorough examination of published material and extended exchanges with national authorities and financial sector participants. The analysis focuses on (1) how countries positioned themselves on the many tradeoffs that emerged in designing and implementing the programs; and (2) what explains differences in usage across countries and its leveling off everywhere in the second half of 2020.
Topic:
Government, European Union, Finance, Fiscal Policy, and COVID-19
Political Geography:
United Kingdom and Europe

23. How China lends: A rare look into 100 debt contracts with foreign governments

Author:
Anna Gelpern, Sebastian Horn, Scott Morris, Brad Parks, and Christoph Trebesch
Publication Date:
05-2021
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
China is the world’s largest official creditor, but basic facts are lacking about the terms and conditions of its lending. Very few contracts between Chinese lenders and their government borrowers have ever been published or studied. This paper is the first systematic analysis of the legal terms of China’s foreign lending. The authors collect and analyze 100 contracts between Chinese state-owned entities and government borrowers in 24 developing countries in Africa, Asia, Eastern Europe, Latin America, and Oceania, and compare them with those of other bilateral, multilateral, and commercial creditors. Three main insights emerge. First, the Chinese contracts contain unusual confidentiality clauses that bar borrowers from revealing the terms or even the existence of the debt. Second, Chinese lenders seek advantage over other creditors, using collateral arrangements such as lender-controlled revenue accounts and promises to keep the debt out of collective restructuring (“no Paris Club” clauses). Third, cancellation, acceleration, and stabilization clauses in Chinese contracts potentially allow the lenders to influence debtors’ domestic and foreign policies. Even if these terms were unenforceable in court, the mix of confidentiality, seniority, and policy influence could limit the sovereign debtor’s crisis management options and complicate debt renegotiation. Overall, the contracts use creative design to manage credit risks and overcome enforcement hurdles, presenting China as a muscular and commercially savvy lender to the developing world.
Topic:
Foreign Policy, Debt, Government, and Banking
Political Geography:
China and Asia

24. Kuwait’s New Government: A Political System in Crisis?

Author:
Eran Segal
Publication Date:
04-2021
Content Type:
Working Paper
Institution:
Moshe Dayan Center for Middle Eastern and African Studies
Abstract:
Kuwait’s new government, which was sworn in on March 3, is facing what could be a "perfect storm," combining a troublesome mix of political and economic problems that could lead to a substantial change, and perhaps instability. These developments raise the specter of a crisis similar to that of 2012, when Kuwait experienced two separate elections and massive demonstrations.
Topic:
Government, Politics, and Crisis Management
Political Geography:
Middle East and Kuwait

25. Is the Muslim Brotherhood losing Turkey and Qatar in the light of the rapprochement with Egypt?

Author:
Michael Barak
Publication Date:
07-2021
Content Type:
Working Paper
Institution:
Moshe Dayan Center for Middle Eastern and African Studies
Abstract:
Egypt's relations with Turkey and Qatar have been improving for the last six months, following a long period of diplomatic crises and hostility that lasted eight years and four years, respectively. This rapprochement is an attempt to reset relations in a way that would allow all three parties to maintain their good relations with the new U.S. administration. As a condition for normalizing ties, Egypt had demanded that Turkey and Qatar end their support to the Muslim Brotherhood (MB). This demand has been described in the Arab media as an ominous sign for the MB, which feared it would be sacrificed on the altar of Turkish and Qatari state interests. However, the discourse of the MB's members on the subject, the continued anti-Egyptian remarks of senior Turkish government officials, and the intention of the Egyptian government to execute senior MB leaders suggests that the chances of Turkey and the MB ending their relationship are quite slim. Qatar, for its part, continues to allow the MB's members to find refuge within its borders, but at the same time is not interested in provoking Egypt.
Topic:
International Relations, Diplomacy, Government, and Muslim Brotherhood
Political Geography:
Turkey, Middle East, Egypt, Qatar, and Gulf Nations

26. Jordan: With Relations with Washington and Jerusalem Back in Order, a Flurry of Diplomatic Activity

Author:
Joshua Krasna
Publication Date:
10-2021
Content Type:
Working Paper
Institution:
Moshe Dayan Center for Middle Eastern and African Studies
Abstract:
Jordanian diplomacy has been invigorated in recent months, with Jordan taking a major and sometimes leading role in significant regional developments. The renewed intensity and prominence are associated with marked improvement in relations with the United States and Israel, following the leadership changes in both countries. King ʿAbdullah II seems to have received a fresh mandate from the Biden Administration to help promote regional changes aimed at reducing the influence of Iran and its allies, in an era of declining direct American engagement in the region.
Topic:
Diplomacy, Government, and Bilateral Relations
Political Geography:
Russia, Iraq, Israel, Palestine, Lebanon, Syria, Egypt, Jordan, and United States of America

27. The Death of Chad’s Warrior President: What it Means for the Region and the World

Author:
Eline Rosenhart
Publication Date:
05-2021
Content Type:
Working Paper
Institution:
Moshe Dayan Center for Middle Eastern and African Studies
Abstract:
In this issue of Ifriqiya, Eline Rosenhart explains how the recent killing of Chad's long-term president, Idriss Déby Itno, puts the country in a precarious situation. She analyzes the historical background of his regime, and notes that this could be an opportunity for Chadians to make the political system more inclusive.
Topic:
Government, Politics, and Leadership
Political Geography:
Africa and Chad

28. For Mozambique’s government, is radical Islam exclusively a security issue?

Author:
Rina Bassist
Publication Date:
07-2021
Content Type:
Working Paper
Institution:
Moshe Dayan Center for Middle Eastern and African Studies
Abstract:
In this issue of Ifriqiya, Rina Bassist analyzes the response of the government of Mozambique to the growing security threat of Islamist violence in the north of the country. To address this problem, she explains the background of the issue and calls for a broad approach that would deal with social and ethnic marginalization, as well.
Topic:
Security, Government, Islam, Violence, and Marginalization
Political Geography:
Africa and Mozambique

29. Independent Assessment of the Implementation of the 2020 State Budget of Azerbaijan

Author:
CESD Research Team
Publication Date:
06-2021
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
This independent evaluation aims to investigate the implementation of the 2020 State Budget of Azerbaijan. The pandemic, which has lasted since 2020, has brought significant changes in the world. The changes in terms of both quality and quantity were reflected in the economic environment and individual's livelihood. Because of the requirement for long-term quarantine conditions to battle the pandemic, both developed and developing countries have experienced economic downturns. The research comprises forecast indicators defined by the appropriate executive authority during the year, as well as the draft legislation on 2020 state budget implementation, in addition to the forecast indicators represented in the material provided with the original and updated draft state budget for 2020. The basic order is as follows; introduction, revenues, expenditures, fiscal sustainability, sequestration of costs, cost reduction, receipt of subsidies from the budget, optimization of receivables, distribution of expenditures, and debts. The results included graphical and tabular descriptions.
Topic:
Economics, Government, Budget, and COVID-19
Political Geography:
Azerbaijan and South Caucasus

30. Employment Mobility and the Belated Emergence of the Black Middle Class

Author:
Joshua Weitz, William Lazonick, and Philip Moss
Publication Date:
01-2021
Content Type:
Working Paper
Institution:
Institute for New Economic Thinking (INET)
Abstract:
As the Covid-19 pandemic takes its disproportionate toll on African Americans, the historical perspective in this working paper provides insight into the socioeconomic conditions under which President-elect Joe Biden’s campaign promise to “build back better” might actually begin to deliver the equal employment opportunity that was promised by Title VII of the Civil Rights Act of 1964. Far from becoming the Great Society that President Lyndon Johnson promised, the United States has devolved into a greedy society in which economic inequality has run rampant, leaving most African Americans behind. In this installment of our “Fifty Years After” project, we sketch a long-term historical perspective on the Black employment experience from the last decades of the nineteenth century into the 1970s. We follow the transition from the cotton economy of the post-slavery South to the migration that accelerated during World War I as large numbers of Blacks sought employment in mass-production industries in Northern cities such as Detroit, Pittsburgh, and Chicago. For the interwar decades, we focus in particular on the Black employment experience in the Detroit automobile industry. During World War II, especially under pressure from President Roosevelt’s Fair Employment Practices Committee, Blacks experienced tangible upward employment mobility, only to see much of it disappear with demobilization. In the 1960s and into the 1970s, however, supported by the Civil Rights Act and the Equal Employment Opportunity Commission, Blacks made significant advances in employment opportunity, especially by moving up the blue-collar occupational hierarchy into semiskilled and skilled unionized jobs. These employment gains for Blacks occurred within a specific historical context that included a) strong demand for blue-collar and clerical labor in the U.S. mass-production industries, which still dominated in global competition; b) the unquestioned employment norm within major U.S. business corporations of a career with one company, supported at the blue-collar level by massproduction unions that had become accepted institutions in the U.S. business system; c) the upward intergenerational mobility of white households from blue-collar employment requiring no more than a high-school education to white-collar employment requiring a higher education, creating space for Blacks to fill the blue-collar void; and d) a relative absence of an influx of immigrants as labor-market competition to Black employment. As we will document in the remaining papers in this series, from the 1980s these conditions changed dramatically, resulting in erosion of the blue-collar gains that Blacks had achieved in the 1960s and 1970s as the Great Society promise of equal employment opportunity for all Americans disappeared.
Topic:
Government, History, Employment, Inequality, Mobility, Unions, Middle Class, New Deal, African Americans, and Great Migration
Political Geography:
North America and United States of America