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2. The Israeli Economy in an Uncertain Global Environment
- Author:
- Tomer Fadlon and Esteban F. Klor
- Publication Date:
- 08-2022
- Content Type:
- Working Paper
- Institution:
- Institute for National Security Studies (INSS)
- Abstract:
- Economic uncertainty has increased in recent months following the macroeconomic figures published by the major economies. The return of inflation, the supply chain crisis, and the war in Ukraine are leaving their mark on the global economy and arouse concern among both politicians and central banks. In contrast to most of the world's countries, Israel seems like an island of economic stability: inflation is relatively low, and while Western countries are posting negative growth, second-quarter growth in Israel exceeded the expectations. Yet despite the positive data, the slowdown among Israel's main trading partners is expected to affect the local economy, which will have to contend with a challenging economic environment in the coming months.
- Topic:
- Economics, Globalization, International Trade and Finance, Inflation, and Supply Chains
- Political Geography:
- Middle East and Israel
3. A Gateway to Africa? Economic Opportunities in Israel-Morocco Relations
- Author:
- Morr Link
- Publication Date:
- 05-2022
- Content Type:
- Working Paper
- Institution:
- Institute for National Security Studies (INSS)
- Abstract:
- Since renewing diplomatic relations between Jerusalem and Rabat, the scope of trade indeed has grown between the two countries, but the full potential still has not been realized. How can the economic cooperation be improved, which also entails many policy opportunities for both Israel and Morocco?
- Topic:
- Economics, International Cooperation, International Trade and Finance, Bilateral Relations, and Economic Cooperation
- Political Geography:
- Africa, Middle East, Israel, and Morocco
4. Implications of the Proposed China-Iran deal for India
- Author:
- Sruthi V.S.
- Publication Date:
- 08-2020
- Content Type:
- Working Paper
- Institution:
- Council on International Policy (CIP)
- Abstract:
- The ambitious $400 billion deal between China and Iran has garnered worldwide attention. The 18-page draft proposal says that China will facilitate the infusion of about $280 billion to Iran. This major economic and security partnership between China and Iran has raised India’s concerns against the backdrop of its ongoing border conflict with China. According to the New York Times report, the proposed China-Iran deal talks about expanding China’s presence in Iran’s “banking, telecommunications, ports, railways and dozens of other projects”, and in return China will receive a steady supply of oil from Iran for the next 25 years at a discounted price. There are more than 100 projects listed in the draft that will see Chinese investments; these include building Free Trade Zones and several very significant ports. The Chinese will also help Iran build infrastructure for 5G networks and come up with an internet filter like the Great Firewall in China. The stronghold of China in Iran could also result in undermining US policy in the Middle East.
- Topic:
- International Relations, Diplomacy, International Trade and Finance, and Conflict
- Political Geography:
- China, Iran, Middle East, India, and Asia
5. A Saudi-U.S.-Russia Oil Deal Is Not a Good Idea
- Author:
- Christof Ruhl
- Publication Date:
- 04-2020
- Content Type:
- Working Paper
- Institution:
- Center on Global Energy Policy (CGEP), Columbia University
- Abstract:
- Oil markets are sending confusing signals at a time when more confusion is the last thing anyone needs. When Russia walked out on OPEC+ rather than contribute to more output cuts, Saudi Arabia turned on the crude taps. Whatever Riyadh’s intention, this “price war” was quickly made meaningless by the impact of the new coronavirus on global oil demand. The price collapse has been beyond anything anyone could have imagined. Now, storage room for crude is becoming scarce. Analysts warn darkly that plunging prices may threaten global economic stability. Equities follow the oil price news. Everyone seems to agree that prices should stop falling; and yet no one seems to argue that a very low oil price is exactly what the world’s economy needs to recover. The combination of price war and pandemic is also creating strange bedfellows. Some American shale producers are advocating that their country blocks Saudi oil imports, others want to talk to OPEC. President Donald Trump’s government has expressed an interest in cooperating on global oil supplies with Saudi Arabia and Russia; it’s nudging OPEC+ to reconvene, or an even wider group of producers to meet. Could we be witnessing the emergence of an unholy alliance of Saudi Arabia, Russia and the U.S., to “manage volatility,” and incidentally shore up the price of oil?
- Topic:
- Energy Policy, International Trade and Finance, Oil, and Natural Resources
- Political Geography:
- Russia, Europe, Middle East, Saudi Arabia, North America, and United States of America
6. A Roadmap for Investment Promotion and Export Diversification: The Case for Jordan
- Author:
- Ricardo Hausmann, Patricio Goldstein, Ana Grisanti, Tim O'Brien, Jorge Tapia, and Miguel Ajgel Santos
- Publication Date:
- 12-2019
- Content Type:
- Working Paper
- Institution:
- The John F. Kennedy School of Government at Harvard University
- Abstract:
- Jordan faces a number of pressing economic challenges: low growth, high unemployment, rising debt levels, and continued vulnerability to regional shocks. After a decade of fast economic growth, the economy decelerated with the Global Financial Crisis of 2008-09. From then onwards, various external shocks have thrown its economy out of balance and prolonged the slowdown for over a decade now. Conflicts in neighboring countries have led to reduced demand from key export markets and cut off important trade routes. Foreign direct investment, which averaged 12.7% of gross domestic product (GDP) between 2003-2009, fell to 5.1% of GDP over the 2010-2017. Regional conflicts have interrupted the supply of gas from Egypt – forcing Jordan to import oil at a time of record prices, had a negative impact on tourism, and also provoked a massive influx of migrants and refugees. Failure to cope with 50.4% population growth between led to nine consecutive years (2008-2017) of negative growth rates in GDP per capita, resulting in a cumulative loss of 14.0% over the past decade (2009-2018). Debt to GDP ratios, which were at 55% by the end of 2009, have skyrocketed to 94%. Over the previous five years Jordan has undertaken a significant process of fiscal consolidation. The resulting reduction in fiscal impulse is among the largest registered in the aftermath of the Financial Crises, third only to Greece and Jamaica, and above Portugal and Spain. Higher taxes, lower subsidies, and sharp reductions in public investment have in turn furthered the recession. Within a context of lower aggregate demand, more consolidation is needed to bring debt-to-GDP ratios back to normal. The only way to break that vicious cycle and restart inclusive growth is by leveraging on foreign markets, developing new exports and attracting investments aimed at increasing competitiveness and strengthening the external sector. The theory of economic complexity provides a solid base to identify opportunities with high potential for export diversification. It allows to identify the existing set of knowhow, skills and capacities as signaled by the products and services that Jordan is able to make, and to define existing and latent areas of comparative advantage that can be developed by redeploying them. Service sectors have been growing in importance within the Jordanian economy and will surely play an important role in export diversification. In order to account for that, we have developed an adjusted framework that allows to identify the most attractive export sectors including services. Based on that adjusted framework, this report identifies export themes with a high potential to drive growth in Jordan while supporting increasing wage levels and delivering positive spillovers to the non-tradable economy. The general goal is to provide a roadmap with key elements of a strategy for Jordan to return to a high economic growth path that is consistent with its emerging comparative advantages.
- Topic:
- Government, International Trade and Finance, Finance, and Economy
- Political Geography:
- Middle East and Jordan
7. The Evolution of Energy Fluxes and Cooperation Models in the Middle East
- Author:
- Robin Mills
- Publication Date:
- 12-2018
- Content Type:
- Working Paper
- Institution:
- Istituto Affari Internazionali
- Abstract:
- Despite its dominance as the world’s key exporting region of hydrocarbons, energy connectivity within the Middle East, in the form of cross-border oil and gas pipelines, electricity grids and related institutions, is lagging. There has been limited progress in the Eastern Mediterranean area and with Turkey. But so far unfavourable commercial conditions, persisting subsidies, and regional political suspicions and disputes, have hampered progress. Key changes in the world energy market – a period of lower oil prices, with the expansion of US shale production, the globalisation of natural gas trade, the rise of renewable energy, and growing action on climate change – should encourage more intra-regional links. To realise the prize of 25 billion to more than 100 billion US dollars of savings available from greater energy trade, regional states will have to liberalise energy markets, establish multilateral institutional frameworks, and make the most of support from international energy corporations and influential political players, notably the US, China, EU and Russia. Paper prepared in the framework of the IAI-Eni Strategic Partnership, December 2018.
- Topic:
- Climate Change, Energy Policy, International Trade and Finance, Natural Resources, and Regional Integration
- Political Geography:
- Middle East and Gulf Nations
8. Europe and Iran: The Economic and Commercial Dimensions of a Strained Relationship
- Author:
- Cornelius Adebahr
- Publication Date:
- 12-2018
- Content Type:
- Working Paper
- Institution:
- Istituto Affari Internazionali
- Abstract:
- Europe and Iran had begun to invest in a closer commercial relationship just when the United States withdrew from the nuclear deal in May 2018. Since then, Washington has re-imposed its stringent economic sanctions, targeting Iran’s oil exports as a major source of government revenue but also banning financial transactions with the country. This poses an enormous challenge for the EU, which had intended to use the 2015 agreement as a stepping stone to promote regional cooperation and, ultimately, a more comprehensive relationship with Iran. Paper produced in the framework of the IAI-FEPS project entitled “Europe and Iran in a fast-changing Middle East: Confidence-building measures, security dialogue and regional cooperation”, December 2018.
- Topic:
- Foreign Policy, International Trade and Finance, Bilateral Relations, Sanctions, and Transatlantic Relations
- Political Geography:
- Europe, Iran, Middle East, North America, United States of America, and European Union
9. Shifting Gears in Iraq-Saudi Arabia Relations
- Author:
- Yasir Kuoti
- Publication Date:
- 11-2017
- Content Type:
- Working Paper
- Institution:
- Middle East Research Institute (MERI)
- Abstract:
- Relations between Iraq and Kingdom of Saudi Arabia (KSA) have remained largely cold or nonexistent since the 2003 Iraq War, an outcome of the war itself that saw the empowerment in Iraq of Riyadh’s regional archrival, Iran. Since January 2017, however, bilateral relations improved considerably as Saudi officials flocked to Baghdad to meet Iraqi counterparts. Iraqi officials and public figures reciprocated, in speed, with their own visits to the KSA. The surprising rapprochement agenda have thus far resulted in, among other things, restoring Saudi diplomatic representation in Iraq, opening al-Jadidah Arar border-crossing on the Saudi northern borders with Iraq, and inaugurating the Saudi Arabia-Iraq Coordination Council, opening a new era of strategic ties between the two countries. Iraqi media now reports that the Saudi Crown Prince Muhammad Bin Salman will start an official visit to Iraq in November. In the process, he will become the highest-level Saudi official to do so since 1990. What explains the timing of this rapprochement policy?
- Topic:
- Diplomacy, International Trade and Finance, Regional Cooperation, and Military Strategy
- Political Geography:
- United States, Iraq, Middle East, and Saudi Arabia
10. Iran’s Economic Reintegration: Sanctions Relief, Energy, and Economic Growth Under a Nuclear Agreement with Iran
- Author:
- Elizabeth Rosenberg and Sara Vakhshouri
- Publication Date:
- 06-2015
- Content Type:
- Working Paper
- Institution:
- Center for a New American Security (CNAS)
- Abstract:
- The international community is poised to sign a deal with Iran on its nuclear program, under which Iran would make concessions on its enrichment activities and the United States and others would offer substantial relief from punishing economic sanctions. The removal of the most complex, extensive, and multilateral regime of coercive economic measures promises a windfall to Iran. However, this will be neither immediate nor easy, given the difficulty of reestablishing severed commercial and legal ties between Iran and the global financial system. Removing sanctions will require careful international cooperation and substantial outreach to the private sector.
- Topic:
- Arms Control and Proliferation, Economics, International Trade and Finance, Oil, Treaties and Agreements, and Sanctions
- Political Geography:
- Iran and Middle East
11. Fueling a New Order? The New Geopolitical and Security Consequences of Energy
- Author:
- Bruce Jones, David Steven, and Emily O'Brien
- Publication Date:
- 04-2014
- Content Type:
- Working Paper
- Institution:
- Center on International Cooperation
- Abstract:
- On December 16, 2013, Prince Turki bin Faisal Al Saud, Saudi Arabia's powerful former intelligence chief, gave an interview to the Wall Street Journal. He was speaking out after a turbulent four months in Middle East and Persian Gulf diplomacy, diplomacy that culminated in an interim nuclear deal between Iran and the major powers. Prince Turki, long a close friend to the United States, used the interview to blast American policy. He was critical of U.S. strategy in the region as a whole, but particularly vehement about leaving Saudi Arabia out of the loop as the United States engaged in secret bilateral diplomacy with Iran. "How can you build trust when you keep secrets from what are supposed to be your closest allies?" he fumed.
- Topic:
- International Relations, Security, Economics, Energy Policy, International Trade and Finance, and Oil
- Political Geography:
- United States, Middle East, and Asia
12. Exploring the Prospects for Russian-Turkish Cooperation in a Turbulent Neighborhood
- Author:
- Dmitri V. Trenin and Memduh Karakullukçu
- Publication Date:
- 09-2014
- Content Type:
- Working Paper
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- Even though tensions over Ukraine will inevitably cast a shadow over the bilateral relationship, Russia and Turkey—a NATO member—continue to share a range of important interests. Indeed, there are a number of areas in which the two can work together in their common neighborhood, which stretches from the South Caucasus and the Levant to Central Asia and Afghanistan. A high-level working group on Russian-Turkish regional cooperation has sketched a forward-looking approach for Russia and Turkey in tackling regional challenges.
- Topic:
- Diplomacy, International Trade and Finance, and Bilateral Relations
- Political Geography:
- Russia, Europe, Turkey, Middle East, and Asia
13. Produced Water: Asset or Waste?
- Author:
- Blythe Lyons
- Publication Date:
- 05-2014
- Content Type:
- Working Paper
- Institution:
- Atlantic Council
- Abstract:
- US national security is enhanced by energy security. The United States is enjoying a unique opportunity to bolster its energy security by increasing domestic production of oil and gas resources. The recent explosion in domestic unconventional production will allow an expanded bandwidth of US responses to the turmoil in the Middle East and Europe. If further exploited, the move toward energy self-sufficiency also gives the United States a cushion to reassess its global strategic policies. Expanding the domestic resource base further provides the United States with an industrial advantage in global commerce.
- Topic:
- Energy Policy, International Trade and Finance, National Security, and Oil
- Political Geography:
- United States, Europe, and Middle East
14. The Myth or Reality of US Energy Independence
- Author:
- Anthony H. Cordesman
- Publication Date:
- 01-2013
- Content Type:
- Working Paper
- Institution:
- Center for Strategic and International Studies
- Abstract:
- US “independence” from energy imports has been a key source of political dispute ever since the October War in 1973 and the Arab oil embargo that followed. Much of this debate has ignored or misstated the nature of the data available on what the US options are, as well as the uncertainties involved in making any long range projections.
- Topic:
- Security, Foreign Policy, Energy Policy, International Trade and Finance, and Oil
- Political Geography:
- United States, Middle East, and Arabia
15. Turkey's "Zero Problems" Era in the Balkans
- Author:
- Mehmet Ugur Ekinci
- Publication Date:
- 10-2013
- Content Type:
- Working Paper
- Institution:
- SETA Foundation for Political, Economic and Social Research
- Abstract:
- While some observers, referring to recent developments in the Middle East, are questioning whether Turkey's “zero problems with neighbours” doctrine is still in effect, Turkey's relations with the Balkans are enjoying their golden age. Since the mid-2000s, bilateral relations with all governments in the region have been in good terms, social and economic relations have intensified and Turkey's public image has become increasingly positive.
- Topic:
- Foreign Policy, Diplomacy, Economics, International Trade and Finance, and Regional Cooperation
- Political Geography:
- Turkey, Middle East, and Balkans
16. The Emergence of China in the Middle East
- Author:
- James Chen
- Publication Date:
- 01-2012
- Content Type:
- Working Paper
- Abstract:
- During the 9th century, Arab traders regularly plied lucrative maritime routes that connected the Persian Gulf to southern China by way of the Indian Ocean. This commercial activity, which mostly involved jade, silk, and other luxury goods, went on for centuries and became part of what is now known as the Silk Road. In some ways, the world is now witnessing a restoration of that ancient trading relationship between two civilizations—except that oil and consumer goods have replaced jade and silk.
- Topic:
- Foreign Policy, International Trade and Finance, Markets, and Foreign Direct Investment
- Political Geography:
- China, Middle East, and Arabia
17. Energy Risks in North Africa and the Middle East
- Author:
- Anthony H. Cordesman
- Publication Date:
- 03-2012
- Content Type:
- Working Paper
- Institution:
- Center for Strategic and International Studies
- Abstract:
- Any estimate of energy risk is highly uncertain. The reality can vary sharply according to national and global economic conditions, politics, war, natural disasters, discoveries of new reserves, advances in technology, unanticipated new regulations and environmental issues, and a host of other factors.
- Topic:
- Economics, Energy Policy, Globalization, International Trade and Finance, Markets, and Financial Crisis
- Political Geography:
- Middle East, Arabia, and North Africa
18. Bahrain and the global balance of power after the Arab Spring
- Author:
- Lars Erslev Andersen
- Publication Date:
- 06-2012
- Content Type:
- Working Paper
- Institution:
- Danish Institute for International Studies (DIIS)
- Abstract:
- The global balance of power is changing, and the role of the US as the only superpower is being challenged by emerging new powers and a still more powerful China. Nowhere is this more apparent than in the Persian Gulf. This Working Paper by DIIS researcher Lars Erslev Andersen argues that if we are fully to understand the developments in the Persian Gulf we need to analyze the Persian Gulf as a regional security complex in its own right. The argument is developed empirically with reference to the case of Bahrain.
- Topic:
- Foreign Policy, International Trade and Finance, International Affairs, and Power Politics
- Political Geography:
- United States, China, Middle East, Arabia, and Bahrain
19. Saudi Arabia in the New Middle East
- Author:
- F. Gregory Gause III
- Publication Date:
- 12-2011
- Content Type:
- Working Paper
- Institution:
- Council on Foreign Relations
- Abstract:
- There is arguably no more unlikely U.S. ally than Saudi Arabia: monarchical, deeply conservative socially, promoter of an austere and intolerant version of Islam, birthplace of Osama bin Laden and fifteen of the nineteen 9/11 hijackers. Consequently, there is no U.S. ally less well understood. Many U.S. policymakers assume that the Saudi regime is fragile, despite its remarkable record of domestic stability in the turbulent Middle East. “It is an unstable country in an unstable region,” one congressional staffer said in July 2011. Yet it is the Arab country least affected in its domestic politics by the Arab upheavals of 2011. Many who think it is unstable domestically also paradoxically attribute enormous power to it, to the extent that they depict it as leading a “counterrevolution” against those upheavals throughout the region. 2 One wonders just how “counterrevolutionary” the Saudis are when they have supported the NATO campaign against Muammar al-Qaddafi, successfully negotiated the transfer of power from Ali Abdullah Saleh in Yemen, and condemned the crackdown on protestors by Syrian president Bashar al-Assad, and how powerful they are when they could do little to help their ally Hosni Mubarak in Egypt.
- Topic:
- Security, Foreign Policy, Diplomacy, Economics, International Trade and Finance, Islam, Oil, and Bilateral Relations
- Political Geography:
- United States, Middle East, Arabia, and Saudi Arabia
20. Israel's leading multinationals continue to expand domestically and abroad despite the crisis
- Publication Date:
- 03-2010
- Content Type:
- Working Paper
- Institution:
- Columbia Center on Sustainable Investment
- Abstract:
- The third annual survey of Israeli multinational enterprises (MNEs) is being released today. It was conducted by a joint team composed of the Manufacturers Association of Israel, Tel Aviv University, Hebrew University, and the Vale-Columbia Center on Sustainable International Investment (VCC), a joint undertaking of the Columbia Law School and The Earth Institute at Columbia University in New York. The survey is part of a long-term, multi-country study of the rapid global expansion of multinational enterprises (MNEs) from emerging markets. The results released today cover the year 2008.
- Topic:
- Globalization, International Trade and Finance, and Financial Crisis
- Political Geography:
- Middle East, Israel, and Colombia
21. Climate-Resilient Industrial Development Paths: Design Principles and Alternative Models
- Author:
- Thomas Richter
- Publication Date:
- 04-2010
- Content Type:
- Working Paper
- Institution:
- German Institute of Global and Area Studies
- Abstract:
- This paper argues that trade and capital account reforms within autocracies underlie the primacy of foreign currency procurement. A longitudinal comparison of four countries (Morocco, Tunisia, Egypt and Jordan) in the Middle East and North Africa region shows a historical sequencing of reforms. In the 1960s and 1970s, the foreign exchange scarcity was managed primarily by rising restrictions, accumulation of debt and a number of unilateral country-specific strategies, including broader economic openings (infitah) and isolated capital account liberalizations. However, IMF-friendly reforms (orthodox trade liberalization) only became a political option in the context of the extreme fiscal scarcity of the 1980s and 1990s, after the failure of these earlier policies and the drying up of alternative unconditional finance. Additionally, the time differences regarding when orthodox reforms are implemented within autocracies mainly relate to global and regional cycles of different external windfall gains. These findings complement recent debates about the rush to free trade in at least two regards. First, they point to distinct causal mechanisms depending on the type of political regime (for example, autocracy versus democracy), explaining the beginning of trade and capital account liberalizations among developing countries. Second, they reveal the conditional historical influence of neoliberal ideas among structurally similar autocracies.
- Topic:
- International Trade and Finance
- Political Geography:
- Middle East, Arabia, North Africa, Egypt, Jordan, Morocco, and Tunisia
22. Energy in the Mediterranean and the Gulf. Opportunities for Synergies
- Author:
- Naji Abi-Aad
- Publication Date:
- 09-2009
- Content Type:
- Working Paper
- Institution:
- Istituto Affari Internazionali
- Abstract:
- Mediterranean is expected to play an increasingly important role in global energy flows which might result in a greater European dependence on North African supplies and less on the Gulf. At the same time, potential synergies are said to exist in such fields as the development of renewable energy sources, and investment required to meet domestic electricity demand. As far as oil and refined products are concerned, the volume and direction of oil flows to and through the Mediterranean will be important, especially as an expected rise in transport in the near future contains serious security implications. As a result, an increased focus on the development of a pipeline network between the Mediterranean and Europe might open possibilities for Gulf involvement. The same could apply for the supply of natural gas to Europe. In the field of power generation, the improved ability to transmit electricity over longer distances opens the door for establishing a continuum of interconnection from the Gulf to Europe through the Mediterranean and the ability to serve markets along those connections. Finally, the rapidly rising awareness of the need for renewable energy sources suggests an additional field of cooperation.
- Topic:
- Energy Policy, Globalization, International Trade and Finance, and Oil
- Political Geography:
- Europe, Middle East, Arabia, and North Africa
23. EU and U.S. Free Trade Agreements in the Middle East and North Africa
- Author:
- Riad al Khouri
- Publication Date:
- 06-2008
- Content Type:
- Working Paper
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- The political situation in much of the Middle East and North Africa (MENA) region is subject to persistent tension due to the Arab–Israeli conflict, the war in Iraq and its spillovers to other countries, and sporadic upsurges of terrorism. In addition, some countries face serious domestic political tensions, a lack of political openness, and the increasing popularity of Islamist opposition groups. Economically, fast demographic and labor force expansion has led to high un- employment and slow growth in per capita incomes. Unsustainable management of the environment and natural resources further threatens prospects for long-term economic growth. In this context, increased economic cooperation between the MENA countries, on the one hand, and the United States and the European Union (EU), on the other, aims not only at promoting growth and development but also at fostering more stable political environments.
- Topic:
- International Trade and Finance and Markets
- Political Geography:
- United States, Europe, Middle East, Israel, Arabia, and North Africa
24. Multilateralism Beyond Doha
- Author:
- Arvind Subramanian and Aaditya Mattoo
- Publication Date:
- 10-2008
- Content Type:
- Working Paper
- Institution:
- Center for Global Development
- Abstract:
- There is a fundamental shift taking place in the world economy to which the multilateral trading system has failed to adapt. The Doha process focused on issues of limited significance while the burning issues of the day were not even on the negotiating agenda. The paper advances five propositions: the traditional negotiating dynamic, driven by private sector interests largely in the rich countries, is running out of steam; the world economy is moving broadly from conditions of relative abundance to relative scarcity, and so economic security has become a paramount concern for consumers, workers, and ordinary citizens; international economic integration can contribute to enhanced security; addressing these new concerns–relating to food, energy and economic security-requires a wider agenda of multilateral cooperation, involving not just the WTO but other multilateral institutions; and despite shifts in economic power across countries, the commonality of interests and scope for give-and-take on these new issues make multilateral cooperation worth attempting.
- Topic:
- International Relations, Economics, Globalization, International Political Economy, International Trade and Finance, Markets, and Privatization
- Political Geography:
- Middle East
25. Recent US Free Trade Initiatives in the Middle East: Opportunities but no Guarantees
- Author:
- Robert Z. Lawrence
- Publication Date:
- 12-2006
- Content Type:
- Working Paper
- Institution:
- The John F. Kennedy School of Government at Harvard University
- Abstract:
- This paper evaluates the US initiative to establish a Free Trade Agreement with countries in the Middle East by signing bilateral agreements with the countries individually and then combining them into a single arrangement. These agreements present new opportunities for Arab countries, but to take full advantage, they will have to complement the agreements with additional policy measures, both individually, and together. The promise comes from the ability to use the agreements as a catalyst for improving regulatory rules and systems at home and facilitating integration with the rest of the region and the world. But the agreements also present problems for Arab countries, first in relating these US agreements to agreements with other trading partners – most importantly the EU; second in creating political difficulties associated with closer relations with the USA given problems in the region, and third, in undertaking the necessary economic and political policies that are necessary to realize the benefits.
- Topic:
- International Relations, Development, Globalization, and International Trade and Finance
- Political Geography:
- United States, Middle East, and Arabia
26. CATO Institute: Iraq's Odious Debts
- Author:
- Patricia Adams
- Publication Date:
- 09-2004
- Content Type:
- Working Paper
- Institution:
- The Cato Institute
- Abstract:
- Most debts created by Saddam Hussein in the name of the Iraqi people would qualify as “odious” according to the international Doctrine of Odious Debts. This legal doctrine holds that debts not used in the public interest are not legally enforceable.
- Topic:
- Economics and International Trade and Finance
- Political Geography:
- United States, Iraq, and Middle East
27. Foreign Policy Strategies in a Globalized World: The Case of Mexico
- Author:
- Guadalupe González
- Publication Date:
- 02-2003
- Content Type:
- Working Paper
- Institution:
- Centro de Investigación y Docencia Económicas
- Abstract:
- This document analyses the impact of the end of the Cold-War, and the processes of economic and political liberalization on Mexico's foreign policy. The first section identifies the consequences for the so-called intermediate countries of the three most important post-Cold War trends: the emergence of hybrid structure of global power, the wave of globalization, and the growing importance of international institutions. The second section evaluates the explanatory value of three systemic approaches to the study of the foreign policy of intermediate states: systemic-structuralism, middle powers, and pivotal states. In the third section, I evaluate Kahler's alternative approach centered on the interaction between systemic and domestic variables, in particular on the foreign policy consequences of economic liberalization and democratization such as the adoption of external cooperative strategies and the deepening to engagement with international institution. The fourth section describes the main changes that have taken place in Mexico's foreign policy during the 1990s: pragmatism, primacy of economics, closer alignment with the United States, segmented multilateralism, fragmentation of the decision-making process, and new instruments. There are two arguments in this document. First, in contrast to other intermediate liberalizing countries, Mexico's efforts to adapt to the new post-Cold War international system, followed an uneven and partial pattern. While Mexican political leaders pursued the full integration of the country to the international economy, in the security realm they maintain a less than open policy based on the defense of the traditional notion of sovereignty. Mexico's partial adaptation is explained by the different pace of the raid economic reform on the one hand, and the gradual and slow opening of the post-revolutionary political regime, on the other. Second, as Kahler's model predicted, Mexico adopted strategies of cooperation and institutional engagement in order to solve credibility roblems. The need to enhance the credibility of the programs of economic reform pushed the Mexican government to engage actively with economic international institutions.
- Topic:
- International Relations, Economics, and International Trade and Finance
- Political Geography:
- Africa, United States, Middle East, North America, and Mexico
28. Trade Policy Issues for the Euro-Med Partnership
- Author:
- Paul Brenton and Miriam Manchin
- Publication Date:
- 05-2003
- Content Type:
- Working Paper
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- The economic prospects of the Mediterranean countries are currently constrained by the lack of ambition in their relationships with each other and with their major export market, the EU. These economic relationships are limited by a lack of coverage (agriculture and services are effectively excluded), by a lack of depth (substantial technical barriers to trade remain due to differences in regulatory requirements and the need to duplicate testing and conformity assessment when selling in overseas markets), and they are limited by rules (restrictive rules of origin and lack of cumulation limit effective market access). In addition, the rest of Europe, including Turkey, is integrating at a faster pace to create a Wider European Economic Space. If nothing is done to invigorate the integration process in the Mediterranean, then the region will fall (further) behind relative to other regions on the periphery of the EU, such as the Balkans and Russia and the Ukraine.
- Topic:
- International Trade and Finance and Regional Cooperation
- Political Geography:
- Russia, Europe, Turkey, Ukraine, Middle East, and Balkans
29. The Euro-Mediterranean Partnership: Unique Features, First Results and Future Challenges
- Author:
- Eric Philippart
- Publication Date:
- 04-2003
- Content Type:
- Working Paper
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- Many things have changed since the launch of the Euro-Mediterranean Partnership (EMP). Despite the virtual collapse of the Middle East Peace Process (MEPP), the Partnership has survived, has slowly moved forward on many fronts and seems to be gathering pace on the economic side. This working paper aims at presenting the new contours of the Partnership, as well as evaluating its scope of action, logic of intervention, organisational setting and policy output from 1995-2003. A brief mid-term outlook is offered by way of conclusion.
- Topic:
- International Trade and Finance and Regional Cooperation
- Political Geography:
- Europe and Middle East
30. Mapping Israel's Policy Options regarding its Future Institutionalised Relations with the European Union
- Author:
- Alfred Tovias
- Publication Date:
- 01-2003
- Content Type:
- Working Paper
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- The nature of the Euro-Mediterranean Partnership will change with the Enlargement of the EU to include 13 additional members since all Mediterranean non-Arab countries will be in the EU but Israel. Israel will be obliged to revise its relations with the EU. The paper explores some possible policy options open to Israel. After discarding a continuation of Israel's present status in the Euro-Mediterranean Partnership, a second policy option gauges advantages and disadvantages for Israel of obtaining membership in the European Economic Area, i.e. full economic integration without political integration in the EU. Taking into consideration quantum political changes which have taken place in and around the EU, as well as in the Middle East, a third Israeli policy option postulates EU membership, so as not to be left behind and which would bring a "new vision" for Israel, once peace with its neighbours is in the offing, allowing for a complete change of the present terms of reference.
- Topic:
- International Trade and Finance and Regional Cooperation
- Political Geography:
- Europe, Middle East, and Israel
31. Ten Points on the Euro-Mediterranean Partnership
- Author:
- Álvaro de Vasconcelos
- Publication Date:
- 03-2002
- Content Type:
- Working Paper
- Institution:
- Istituto Affari Internazionali
- Abstract:
- The Barcelona Process is by far the most relevant of the various existing Euro-Mediterranean initiatives, not only because it has a multilateral character but also because it is intended to be a multilayered process, comprising political and security as well as economic and social or human dimensions.
- Topic:
- Security, Human Rights, and International Trade and Finance
- Political Geography:
- Europe, Middle East, and Barcelona
32. Forward Presence and Peacetime "Shaping": Comparative Analysis of Great Power Experiences
- Author:
- Edward Rhodes, Jonathan DiCicco, Sarah Milburn, and Tom Walker
- Publication Date:
- 01-2000
- Content Type:
- Working Paper
- Institution:
- Center for Global Security and Democracy
- Abstract:
- The United States has a range of tools at its disposal with which to shape the international environment in ways favorable to U.S. interests and global security. Shaping activities enhance U.S. security by promoting regional security and preventing or reducing. . . [a] wide range of diverse threats.... These measures adapt and strengthen alliances and friendships, maintain U.S. influence in key regions and encourage adherence to international norms.... The U.S. military plays an essential role in...shaping the international environment in ways that protect and promote U.S. interests. Through overseas presence and peacetim e engagement activities such as defense cooperation, security assistance, and training and exercises with allies and friends, our armed forces help to deter aggression and coercion, promote regional stability, prevent and reduce conflicts and threats, and serve as role models for militaries in emerging democracies. . . .
- Topic:
- Security, International Organization, and International Trade and Finance
- Political Geography:
- United States, Europe, Middle East, and Arabia