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1381. 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

1382. 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

1383. 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

1384. 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

1385. 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

1386. 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

1387. 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

1388. 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

1389. 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

1390. 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

1391. The Legacy of Habitat II: Issues of Governance

Author:
K.C Sivaramakrishnan
Publication Date:
06-1999
Content Type:
Working Paper
Institution:
The Wilson Center
Abstract:
Debate on how the Habitat II Conference in Istanbul influenced thinking on issues of urban governance will have to be preceded by some understanding of what was sought and what was achieved at the conference. The Istanbul conference was an international “happening” that began with a series of events before and during the conference itself. Habitat II adopted a Global Plan of Action (GPA) and an Istanbul Declaration (ID) as the official documents of the conference, summarizing the discussions and the outcomes. This paper is limited to the discussions and recommendations of the GPA on the issues of urban governance, which are gathered mainly in its part D, under the title “Capacity Building and Institutional Development.” To what extent does this chapter reflect an understanding of the realities of urban governance? What is the assessment of the new challenges in this regard, in the context of major political, economic, and social shifts across the world in the wake of increased globalization of trade, investment, and information?
Topic:
Economics, Government, Industrial Policy, and Politics
Political Geography:
Istanbul

1392. "Contentious Europeans: Is There a European Repertoire of Collective Action?";

Author:
Doug Imig and Sydney Tarrow
Publication Date:
06-1999
Content Type:
Working Paper
Institution:
Institute for Social and Economic Research and Policy at Columbia University
Abstract:
The research reported here was inspired by a talk that the second author was induced to give for a seminar in West European Politics at Nuffield College, Oxford, in February 1994 by Vincent Wright, to whom we express our gratitude and to whom all complaints and cavils should be directed.
Topic:
Government and Politics
Political Geography:
Europe and Western Europe

1393. Corporate Welfare for Weapons Makers the Hidden Costs of Spending on Defense and Foreign Aid

Author:
William D. Hartung
Publication Date:
08-1999
Content Type:
Working Paper
Institution:
The Cato Institute
Abstract:
The defense and foreign aid budgets are the largest single source of government funding for private corporations. More than half of U.S. weapons sales are now being financed by taxpayers instead of foreign arms purchasers. During fiscal year 1996 (the last year for which full statistics are available), the government spent more than $7.9 billion to help U.S. companies secure just over $12 billion in agreements for new international arms sales. The annual $7.9 billion in subsidies includes taxpayer-backed loans, grants, and government promotional activities that help U.S. weapons makers sell their products to foreign customers. Also, the provision of low-cost facilities and extensive subsidies for research and development and mergers and acquisitions to major contractors fosters a “risk-free” environment in which weapons makers have little economic incentive to produce effective systems at affordable prices. Furthermore, a portion of the $120 billion the Pentagon spends each year on contracts with U.S. defense contractors is being wasted on defense pork—that is, redundant or unneeded weapons systems. Such subsidies and spending for defense pork can interfere with the fulfillment of legitimate security needs.
Topic:
Defense Policy, Arms Control and Proliferation, Climate Change, Government, and Industrial Policy
Political Geography:
United States

1394. Replacing Potemkin Capitalism: Russia's Need for a Free-Market Financial System

Author:
Kurt Schuler and George A. Selgin
Publication Date:
06-1999
Content Type:
Working Paper
Institution:
The Cato Institute
Abstract:
On August 17, 1998, Russia devalued the ruble and stopped payment on its government debt, creating a financial crisis that continues today. Some observers have blamed the financial crisis, and the poor performance of the Russian economy generally, on government policies that they claim are rigidly laissez faire. However, a closer look at the Russian financial system reveals that it remains fundamentally socialist, though it has superficial capitalist features.
Topic:
Debt, Economics, Government, and Financial Crisis
Political Geography:
Russia, Europe, and Asia

1395. In Praise and Criticism of Mexico's Pension Reform

Author:
L. Jacobo Rodriguez
Publication Date:
04-1999
Content Type:
Working Paper
Institution:
The Cato Institute
Abstract:
The privatization of Mexico's government-run pay-as-you-go social security system, which went into effect in July 1997, is the Ernesto Zedillo administration's most important structural reform. It is a measure that, if successful, will help bring much-needed social and economic stability. The Mexican peso crisis of 1994–95 underscore d the fragility of Mexico's economy, its need for independent institutions, and its need for a large pool of long-term domestic savings. An increase in the rate of private savings in Mexico, which this reform will promote, would make the Mexican economy less dependent on short-term fluctuations of international capital flows and, thus, more stable. More important still, the privatization of social security will erect one of the basic pillars of a free society by turning Mexico into a country of property-owning workers.
Topic:
Economics, Government, International Political Economy, and Privatization
Political Geography:
Latin America and Mexico

1396. Social Funds in Stabilization and Adjustment Programmes

Author:
Giovanni Cornia
Publication Date:
04-1999
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
Well before the introduction of adjustment-related Social Funds (SFs), many developing countries had developed a variety of safety nets comprising food subsidies, nutrition interventions, employment-based schemes and targeted transfers. Middle-income and a few low-income countries had also achieved extensive coverage in the field of social insurance. In countries committed to fighting poverty, these programmes absorbed considerable resources (2-5 per cent of GDP, excluding social insurance) and had a large impact on job creation, income support and nutrition: for instance, in 1983, Chile's public works programme absorbed 13 per cent of the labour force. Their ability to expand quickly depended on a permanent structure of experienced staff, good portfolios of projects, clear management rules, adequate allocation of domestic resources, supply-driven execution and, with the exception of food subsidies, fairly good targeting.
Topic:
Foreign Policy, Development, and Government
Political Geography:
Africa, United States, South Asia, South America, Latin America, Central America, Caribbean, and Chile

1397. Regulation of Social Services in the Least Developed Countries: What are the Issues at Stake?

Author:
Cecilia Ugaz
Publication Date:
12-1999
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
The privatization trend affecting the state involvement in productive sectors is also challenging the role of the state in the provision of social services. And, as private participation in social sectors increases, a regulatory framework is needed to ensure that the market reaches socially efficient outcomes. The regulation of social services carries the problem of conceptualization. What is the aim of regulatory intervention in social sectors? And what is the market structure to which this regulatory constraint will be applied to? These are the questions we discuss in this paper, is devoted to analysing the role of regulation of social services in low-income countries within the so-called mixed economy of care, characterized by multiple providers: the state, the private sector, non-profit organizations.
Topic:
Emerging Markets, Government, and Third World

1398. Natural Resources and Economic Growth: A Nordic Perspective on the Dutch Disease

Author:
Thorvaldur Gylfason
Publication Date:
10-1999
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
The paper begins by offering a quick glance of the Nordic economies and of some aspects of their economic growth performance and natural resource dependence since 1970. Thereafter, it reviews some of the main symptoms of the Dutch disease, and then considers whether these symptoms are observable in some of the Nordic countries in view of their abundant natural resources. The experience of Iceland and its fish seems an obvious point of departure. The paper then discusses the less obvious case of Norway and its oil (and fish!) and, at last, also reviews some possible linkages between forest resources and economic growth in Finland.
Topic:
Economics, Environment, and Government
Political Geography:
Europe, Finland, Norway, and Dutch

1399. Iraq's Transition: On a Knife Edge

Publication Date:
09-1999
Content Type:
Working Paper
Institution:
International Crisis Group
Abstract:
The situation in Iraq is more precarious than at any time since the April 2003 ouster of the Baathist regime, largely reflecting the Coalition's inability to establish a legitimate and representative political transition process. The broad plan sketched out by UN Special Adviser Lakhdar Brahimi, the apparent willingness of the U.S. to delegate at least some political responsibility to the UN and the decision to loosen the de-Baathification decree are all steps in the right direction. But critical questions remain both unanswered and, in some cases, unasked.
Topic:
Demographics, Government, and Politics
Political Geography:
United States, Iraq, Eastern Europe, and United Nations

1400. Rule of Law in Public Administration: Confusion and Discrimination in a Post-Communist Bureaucracy

Publication Date:
12-1999
Content Type:
Working Paper
Institution:
International Crisis Group
Abstract:
To date, little attention has been paid to the role public administration plays in enforcing or violating the human rights and civil liberties of Bosnia and Herzegovina's citizens. Instead, much effort is concentrated on reforming the court system. Yet, the justice system in Bosnia and Herzegovina (BiH) comprises far more than the court system. It also consists of "administrative justice," where small-scale rulings by seemingly minor municipal and cantonal officials in a variety of public administrative organs, exercise a huge influence on the lives and legal rights of ordinary citizens. Many of these rulings prevent citizens from exercising their legal rights and gaining access to due process of law.</p
Topic:
International Relations, Government, and Politics
Political Geography:
Bosnia, Herzegovina, and Eastern Europe