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4951. Fiscal Space: What Is It? Who Has It? When to Use It?

Author:
James A. Haley
Publication Date:
08-2018
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
This paper reviews the concept of fiscal space, or the capacity to deploy fiscal stimulus should it be needed; identifies the key factors that determine its size; and discusses considerations relevant to its use. The paper is motivated by the remarkably rapid mobilization of fiscal stimulus in the 2008-2009 global financial crisis, coordinated by the International Monetary Fund (IMF), which was followed by the equally remarkable rapid adoption of austerity in key advanced economies. This switch from stimulus to austerity occurred despite the languid pace of the global recovery, in which growth was, as subsequently described by IMF Managing Director Christine Lagarde, “too low, for too long.” At the time, the change was justified in terms of concerns over large debt burdens and diminished capacity for future action. Curiously, however, the principled voices defending the interests of future generations were silent with respect to more recent tax cuts and the adoption of higher budgeted spending.
Topic:
Budget, Fiscal Policy, IMF, and Stimulus
Political Geography:
Global Focus

4952. ISIS and Nusra Funding and the Ending of the Syrian War

Author:
Howard J. Shatz
Publication Date:
10-2018
Content Type:
Working Paper
Institution:
The Geneva Centre for Security Policy
Abstract:
Discussion paper for the workshop on: “The emerging security dynamics and the political settlement in Syria”, Syracuse, Italy, 18-19 October 2018. The Syrian war encompasses multiple conflicts and a diversity of groups. This paper considers the financial support that two groups in particular have received: the Islamic State (also known as the Islamic State of Iraq and Syria [ISIS] or, by its Arabic acronym, Daesh) and Jabhat al-Nusra (the Victory Front). Both are US-designated foreign terrorist organisations and specially designated global terrorists and employ terrorist tactics, such as suicide bombings, but they also may be considered insurgent groups by their goals and actions of governing territory.
Topic:
Terrorism, Violent Extremism, Finance, Islamic State, Syrian War, Hay'at Tahrir al-Sham (HTS), and Jabhat al-Nusra
Political Geography:
Middle East and Syria

4953. China and International Financial Standards: From "Rule Taker" to "Rule Maker"?

Author:
Hongying Wang
Publication Date:
08-2018
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
Following the global financial crisis, international financial standard-setting bodies granted emerging economies unprecedented representation. Some observers expected the existing system of international financial regulation to be undermined by the larger number of players and their diverging interests from the traditional standard setters. This paper examines whether China, the largest emerging economy, has influenced the international financial regulatory regime. It finds that China has, by and large, been a “rule taker” so far, but points out some important signs of change. It argues that with improved technical capacity, greater stakes in international financial standards and rising structural power, China is poised to increase its participation in the making of international financial standards.
Topic:
Regulation, Global Political Economy, and Fiscal Policy
Political Geography:
China and Asia

4954. Iran in Syria: Decision-Making Actors, Interests and Priorities

Author:
Hamidreza Azizi
Publication Date:
10-2018
Content Type:
Working Paper
Institution:
The Geneva Centre for Security Policy
Abstract:
Discussion paper for the workshop on: “The emerging security dynamics and the political settlement in Syria”, Syracuse, Italy, 18-19 October 2018. Since the onset of the Syrian crisis in 2011, Iran has provided political, economic and military support to save a friendly government in Damascus and has become a key component of the Syrian equation. Syria’s location in the Levant places it at the heart of the Iranian national security doctrine, as Syria is key to maintaining land access to Hezbollah in Lebanon, preventing terrorism from destabilising Iran, and challenging the dominance of Iran’s rivals in Syria. However, achieving these goals in Syria is problematic in both the short and long term. Despite their agreement on preserving the Assad government, Tehran is not in full agreement with Moscow and Damascus on a post war political system, the role of Iranian forces, Syrian-Israeli relations, and reconstruction policies and contracts. Despite the strong positions against the US and the Syrian opposition, Iran is ready to compromise in Syria. Iran has become more accepting of the Syrian opposition playing a role in the future political structure, but such an acceptance is defined by their real power on the ground and conditioned by respecting Iran’s interests in Syria. Once the West is ready to accept Iran’s interests in Syria and include Iran in the UN peace process in Geneva, the Islamic Republic could relax its positions on post-war political and military structures, which would significantly contribute to ensuring a peaceful political transition in Syria.
Topic:
Bilateral Relations, Conflict, and Syrian War
Political Geography:
Russia, Iran, Middle East, and Syria

4955. Russian military police in Syria: function and prospects

Author:
Nikolay Surkov
Publication Date:
10-2018
Content Type:
Working Paper
Institution:
The Geneva Centre for Security Policy
Abstract:
Discussion paper for the workshop on: “The emerging security dynamics and the political settlement in Syria”, Syracuse, Italy, 18-19 October 2018. Since 2015, Syria has been a test-ground for many Russian military innovations. Among them the Russian Military Police (RMP), which quickly became one of the symbols of the Russian involvement in the Syrian crisis. After defeating the militants, the Russian stabilisation and reconciliation strategy included the deployment of forces that could provide security for civilians, negotiators, demining teams and medics. Furthermore, once the ceasefire agreement was reached in 2016, a peacekeeping force was needed to oversee its implementation. Due to domestic and international circumstances, Russia could not deploy combat troops, so the RMP was chosen for its effectiveness and low profile. The RMP provided support to the Reconciliation Centre (RC), secured humanitarian evacuations and monitored de-escalation zones. Despite certain achievements, total success was limited. Due to its size, the RMP was unable to maintain a massive presence in the governmentcontrolled areas to protect the civilian population and shape the security environment. As such, it could not be a substitute for the local and national Syrian forces that were needed to bring peace and stability in the long run.
Topic:
Security, Military Affairs, Syrian War, Police, and Reconciliation
Political Geography:
Russia, Middle East, and Syria

4956. Made in China 2025 as a Challenge in Global Trade Governance: Analysis and Recommendations

Author:
Anton Malkin
Publication Date:
08-2018
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
This paper provides a reassessment of Made in China 2025 (MIC 2025) — China’s industrial policy framework aimed at helping the country overcome the much-maligned middle-income trap — in the context of global trade governance. It suggests that China’s industrial policies have been viewed too narrowly — without sufficient attention to longer-term global governance issues — by a large segment of the global business and policy-making community. The paper argues that the general aims of MIC 2025 and the policies that underpin them are not unreasonable, given the increasingly prevalent dilemmas in global trade that China’s leaders are grappling with. These include problems of international development arising from growing global industrial concentration — driven by the growth of the intangible economy — and China’s shrinking access to importing and developing technological components (such as semiconductor chips) that are increasingly characterized as “dual-use” by China’s trading partners. This suggests that resolving the concerns of China’s trading partners regarding China’s industrial policies requires global trade governance reform to ensure an equitable, rules-based global trading order that addresses the legitimate needs of developing and middle-income economies in acquiring foreign-owned technological components and know-how, for the purposes of economic development. The paper concludes by outlining specific recommendations for Canada’s policy makers in improving their economic relationship with China in the context of MIC 2025.
Topic:
Development, Industrial Policy, Science and Technology, Governance, and Free Trade
Political Geography:
China, Canada, Asia, and North America

4957. Shipping and Climate Change: International Law and Policy Considerations

Author:
Aldo Chicop, Meinhard Doelle, and Ryan Gauvin
Publication Date:
09-2018
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
This report investigates the international law and policy challenges to the determination of the international shipping industry’s contribution to climate change mitigation efforts through the International Maritime Organization (IMO), a specialized agency of the United Nations and the competent international organization with respect to shipping in international law. The report sets out the international legal framework that serves as the context for the IMO initial strategy, the challenge of regulating greenhouse gas (GHG) emissions from international shipping, and the process and issues in determining the industry’s “fair share” of mitigation efforts and potential legal pathways. The report concludes with general, policy and legal considerations that have a bearing on the current and possible future directions of the nascent IMO strategy. General considerations include the observation that the complexity and uncertainty underscoring the development of the IMO strategy call for a long-term planning instrument that is integrated and systemic in scope, flexible in approach and adaptive in application. As other regimes and sectors progress in developing and delivering on mitigation efforts, care should be exercised in considering lessons and tools from other sectors for application to shipping, given its uniqueness and that other sector experiences emanate from different contexts and considerations. Given continuing significant differences on GHG issues in the IMO, it is vital for the long-term IMO strategy to be advanced and maintained on the basis of the culture of consensus that has helped shape the IMO as a successful regulatory body.
Topic:
International Law, United Nations, Policy Implementation, IMF, and Shipping
Political Geography:
Global Focus

4958. Xenophobia toward Refugees and Other Forced Migrants

Author:
Sarah Miller
Publication Date:
09-2018
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
Generally speaking, those who study forced migration and those who advocate for solutions to forced migration spend little time studying xenophobia. This paper has aimed to address that gap by examining xenophobia in the context of refugees, first by considering definitions of xenophobia vis-à-vis other terms, including racism and nativism, and next by looking at the roots of xenophobia, which include not only political, social and economic grievances and uncertainty but also competition for scarce resources and the belief that one’s own nation-state or group is superior to others. The paper then reviews some expressions of xenophobic rhetoric and actions, and their impacts, before considering key issues and challenges in overcoming xenophobia. Looking at successful attempts in combatting xenophobia provides lessons for those engaged in research and advocacy. Recommended actions include holding governments more accountable for their failures to protect people’s rights; identifying and fighting against policies that incentivize xenophobic behaviour; recognizing that pro-migrant programming can backfire; identifying political actors who promulgate xenophobia and choosing interventions carefully; and seeking greater collaboration and creativity among different actors working to combat xenophobia. The use of localized approaches emerges from the literature as particularly important. The backdrop of the UN Refugee Agency’s global compacts on refugees and for migration makes the moment ripe for further discussion on how to reduce xenophobia and increase responsibility sharing in refugee situations. Likewise, the prominence of political regimes that draw on xenophobic rhetoric and even encourage xenophobic actions means that finding new ways to reduce xenophobia is more important than ever.
Topic:
Migration, United Nations, Refugee Issues, and Xenophobia
Political Geography:
Global Focus

4959. Beyond International Standards: Mapping the Future of Capital Markets Regulation

Author:
Cally Jordan
Publication Date:
09-2018
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
As a response to multiple financial shocks, international standards have disappointed. Consensus seeking has stifled innovation, perpetuating outdated regulatory concepts at a time of rapid market change. Markets are complex and idiosyncratic; they may not be receptive to efforts toward producing regulatory harmonization and convergence. Alternatives to international standard setting should be explored. Possibilities include fora for experimentation in capital markets regulation, the creation of a set of variegated model capital markets laws and a “restatement”-like treatise.
Topic:
Markets, Financial Crisis, Regulation, and Capitalism
Political Geography:
Global Focus

4960. Guerre et paix - rendons la paix plus captivante que la guerre

Author:
The Geneva Centre for Security Policy
Publication Date:
02-2018
Content Type:
Working Paper
Institution:
The Geneva Centre for Security Policy
Abstract:
En 2004, le leader d’Al-Qaida, Ayman al-Zawahiri, déclarait: “Plus de la moitié de la lutte a lieu dans les médias… nous sommes au cœur d’une bataille médiatique dans la course pour gagner les esprits et les cœurs de notre Oumma (Communauté musulmane)”[1] Alors que l’incitation à la violence est largement connue du grand public, un autre pan entier de la stratégie de communication djihadiste l’est beaucoup moins : l’utilisation de la poésie, de la musique ou encore de la narration comme vecteur de son idéologie, notamment au travers de plateformes en lignes.[2] La pieuvre artistique et médiatique mise en place par l’État Islamique depuis sa création lui a permis d’exploiter toutes les possibilités du web. Que ce soit à travers la publication de revue et communiqués ou encore la production de vidéos et photos, tous les volets de la stratégie de l’État Islamique ont eu pour cœur opérationnel internet et ses milliers de fenêtres qu’il ouvre vers le reste du monde.[3] Ainsi, l’Etat Islamique est actif en ligne sur tous les fronts : diffusion de son idéologie, levée de fonds, recrutement de sympathisants, coordination et revendication de ses attaques, etc.
Topic:
Security, War, Islamic State, and Peace
Political Geography:
Middle East