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1411. Private Governance and Democracy in International Finance

Author:
William D. Coleman
Publication Date:
07-1999
Content Type:
Working Paper
Institution:
Institute on Globalization and the Human Condition, McMaster University
Abstract:
The governance arrangements in international finance mirror, in part, those found domestically by featuring a partnership between relatively autonomous state agencies and private actors. Where they depart from domestic arrangements is in the relatively stronger position of private actors, particularly global financial conglomerates, in decision-making. Given the importance of the governance arrangements in international finance for the welfare of individuals and firms throughout the world, it is important to ask whether these arrangements conform to accepted criteria for democratic decision-making. Five criteria are identified that might be applied to international sites of governance. These criteria are then applied to three groups of institutions, the Bank for International Settlements (BIS), the International Organisation of Securities Commissions (IOSCO), and “private regimes” especially predominant in the derivatives subsector. Based on this analysis, important gaps are found when these governance institutions are held up to democratic principles.
Topic:
Globalization, Government, International Cooperation, and International Trade and Finance
Political Geography:
United States

1412. State Power and the Asian Crisis

Author:
Linda Weiss
Publication Date:
11-1999
Content Type:
Working Paper
Institution:
Institute on Globalization and the Human Condition, McMaster University
Abstract:
The Asian financial crisis has re-opened the debate about the role of the state in the region's industrialisation. Just when there seemed to be growing acknowledgment across the economic and political disciplines that certain kinds of state involvement were vital to the rapid upgrading of the Northeast Asian economies and that understanding what made states effective or ineffective was a crucial issue, along came the financial hurricane. Profound disarray of an economic and social nature has been the most immediate and important consequence of this watershed event. Theoretical disarray has followed closely in its path. This paper seeks to inject some theoretical rigour into the discussion of the Asian crisis. State power in the Asian setting - whether and in what way the state's transformative capacity is weak or robust - and how it relates to the impact of international markets is central to the argument that follows.
Topic:
Development, Economics, and Government
Political Geography:
Asia and Northeast Asia

1413. Coming to Terms with Globalisation: Non State Actors and Agenda for Justice and Governance in the Next Century

Author:
Richard Higgott
Publication Date:
02-1999
Content Type:
Working Paper
Institution:
Institute on Globalization and the Human Condition, McMaster University
Abstract:
Globalisation is now a near ubiquitous phenomenon. Indeed, it is the most over used and under specified term in the international policy sciences since the passing of the Cold War. However, as most actors in the international policy domain recognise, it is a term that is not going to go away. Policy responses--of state and non state actors alike--are increasingly coming to terms with globalisation, however defined.
Topic:
Democratization, Globalization, Government, Non-Governmental Organization, and Political Theory
Political Geography:
Europe

1414. International Institutions, Globalisation and Democray: Assessing the Challenges

Author:
Tony Porter and William D. Coleman
Publication Date:
07-1999
Content Type:
Working Paper
Institution:
Institute on Globalization and the Human Condition, McMaster University
Abstract:
The advance of globalization has involved additional governance capacity at supranational levels and thereby raised concerns about democracy, which has traditionally been based on the nationstate. For the most part, these governance arrangements take the form of intergovernmental fora, where nation-states are the principal players. In some policy areas where globalization is more pronounced, such as international finance, governance appears to feature some autonomous institutional development. Autonomy may come in the form of a relatively strong international organization with a mandate anchored in international law such as the World Trade Organization (WTO), or of the institutionalization of norms and values that give the intergovernmental forum an autonomous and distinct global perspective. As Held (1995) has observed, democratic theory has assumed that the nation-state is the relevant decision-making unit. The migration of political authority to supranational levels thus has the potential to undermine long-standing democratic arrangements.
Topic:
Globalization, Government, International Law, International Organization, International Political Economy, and Political Theory

1415. The Tobin Tax: How to Make it Real. Towards a Socially Responsible and Democratic System of Global Governance

Author:
Heikki Patomäki
Publication Date:
01-1999
Content Type:
Working Paper
Institution:
Finnish Institute of International Affairs
Abstract:
In the 1970's James Tobin proposed a low rate tax on financial transactions of currencies. This tax would make many speculative movements unprofitable and the financial system less volatile and sensitive to daily political news and anticipation of economic policy changes. Consequently, it would create space for more autonomous economic policies of states.
Topic:
Economics, Government, International Political Economy, and United Nations

1416. Blazing New Trails: Villagers' Committee Elections in P. R. China

Author:
Linda Jakobson
Publication Date:
01-1999
Content Type:
Working Paper
Institution:
Finnish Institute of International Affairs
Abstract:
Though the Chinese Communist Party clings to its monopoly on power and fully intends to avoid “walking down the road of the Soviet Union,” it is implementing revolutionary political reform in the countryside. For the past decade, multi-candidate elections, in which candidates need not be members of the Communist Party, have been held in hundreds of thousands of Chinese villages. Abdicating its prerogative to appoint village chiefs, the Party has conceded that elected ones are more effective. The grassroots-level governance reform (jiceng zhengquan gaige) not only empowers ordinary citizens and encourages them to take part in the decision-making process. It also institutionalizes the concepts of accountability and transparency.
Topic:
Democratization and Government
Political Geography:
China, Asia, and Soviet Union

1417. Crisis management the Finnish way – A state of the art report on practice and research

Author:
Raimo Lintonen
Publication Date:
01-1999
Content Type:
Working Paper
Institution:
Finnish Institute of International Affairs
Abstract:
The purpose of this report is to analyse the threat perceptions, organisational contexts, practices as well as the “reflectiveness” of crisis management in Finland. The emphasis is on the overall situation, not on concrete historical crises. It is part of the groundwork for a project on the subject at the Finnish Institute of International Affairs (FIIA). The report is also an outgrowth of the participation of the FIIA since March 1999 in the evolving co-operation amongst European academics and practitioners in the field of crisis management.
Topic:
Conflict Prevention, Defense Policy, and Government
Political Geography:
Europe and Finland

1418. Cooption and Repression in the Soviet Union

Author:
Dmitriy Gershenson and Herschel I. Grossman
Publication Date:
12-1999
Content Type:
Working Paper
Institution:
Independent Institute
Abstract:
The Soviet ruling elite, the nomenklatura, used both cooption and political repression to encourage loyalty to the communist regime. Loyalty was critical both in defusing internal opposition to the rule of the nomenklatura and in either deterring or defeating foreign enemies of the Soviet Union. The cost of coopting people into the communist party was a decrease in the standard of living of members of the nomenklatura, whereas the cost of political repression was the danger that members of the nomenklatura would themselves be victimized. We assume that the nomenklatura determined the extent of cooption and the intensity of political repression by equating perceived marginal benefits and marginal costs.
Topic:
Cold War and Government
Political Geography:
Russia and China

1419. Germany: Migration Policies for the 21st Century

Author:
Philip L. Martin
Publication Date:
04-1999
Content Type:
Working Paper
Institution:
University of California Institute on Global Conflict and Cooperation (IGCC)
Abstract:
As immigration and integration become subject to heightened public debate and policy attention, Germany and the United States must rethink the policy process in order to promote policy consistency and awareness of its international repercussions. Recent German and U.S. debates and policy changes point to the need for agencies to monitor developments and suggest policy options, and administrative structures that permit some flexibility in administering immigration and integration policies.
Topic:
Government, Migration, and Politics
Political Geography:
United States, Europe, and Germany

1420. Federalism in Russia: How Is It Working

Publication Date:
02-1999
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
This conference was sponsored by the National Intelligence Council and the Bureau of Intelligence and Research of the US Department of State. John Battilega of the Science Applications International Corporation served as rapporteur. The views expressed in this conference summary are those of individuals and do not represent official US Government positions or views.
Topic:
Security, Economics, and Government
Political Geography:
Russia and United States