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  • Author: William R Cline
  • Publication Date: 02-2018
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: The centerpiece of the Tax Cuts and Jobs Act (TCJA) of 2017 is the reduction in the corporate tax rate from 35 percent to 21 percent. The Joint Committee on Taxation has estimated the net revenue loss from the tax overhaul at $1 trillion over the next decade. The underlying premise of the legislation is that lower corporate taxes will spur growth, with trickle-down wage benefits that spread the resulting economic gains.
  • Topic: International Affairs
  • Political Geography: Global Focus
  • Author: Martin Chorzempa
  • Publication Date: 02-2018
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: Formidable barriers stand between the modern financial system and the hundreds of millions of Chinese citizens still using costly informal credit. For many, the financial data that could be used to give them a credit score that would lead to a fair priced loan exist but are not being used. This analysis finds that the most difficult barriers cutting these data off from their potential use for greater financial inclusion are the legal and political restrictions on data sharing and use, economic and competitive concerns from data holders, and the technical difficulty of integrating disparate systems. Policies that encourage coordination between public authorities and private actors in finance and technology can go a long way towards making these data available and driving access to credit in China. This shift would not only help borrowers: It would also encourage the needed economic rebalancing towards consumption, increase competition in the financial sector, raise efficiency through better credit allocation, and contribute to sustainable economic growth and social welfare.
  • Topic: International Political Economy
  • Political Geography: Global Focus
  • Author: Jacob Funk Kirkegaard
  • Publication Date: 02-2018
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: Few challenges facing the European Union—immigration pressures, the need to decrease security dependence on an increasingly erratic United States, and the United Kingdom's exit from the European Union (Brexit)—are compelling EU leaders to consider overhauling the revenue side of the European Union’s existing budget. To deal with these challenges in the future, the European Union will need resources—at a time when Europeans are increasingly skeptical about the effectiveness of budget-making in Brussels. Longstanding US budgetary procedures of trust fund accounting and earmarking government revenue towards specific priorities can provide a template for European policymakers. Shifting the EU budget towards more earmarked resources would reduce distrust among taxpayers by limiting Brussels’ spending discretion while focusing expenditures on specific challenges facing the European project.
  • Topic: International Political Economy, International Affairs
  • Political Geography: Europe
  • Author: Wojciech Lorenz
  • Publication Date: 04-2018
  • Content Type: Policy Brief
  • Institution: The Polish Institute of International Affairs
  • Abstract: Russia’s annexation of Crimea triggered a shift in NATO’s policy towards Georgia. NATO moved from mainly political support for Georgia’s NATO membership aspirations to enhanced practical military cooperation. Although it might be more difficult for Russia to coerce its small neighbour, the lack of visible progress on the path to NATO membership may weaken Georgian morale and lead to a reversal of democratic gains. Hence, it is important that during the 2018 NATO Summit in Brussels the Allies offer additional support to help Georgia increase its resilience.
  • Topic: International Affairs
  • Political Geography: Georgia
  • Author: Łukasz Ogrodnik
  • Publication Date: 03-2018
  • Content Type: Policy Brief
  • Institution: The Polish Institute of International Affairs
  • Abstract: Austria’s government has declared it will be a bridge-builder in the European Union between its western and eastern members. This is in fact rather more an endorsement of the Union cohesion on the eve of Austria’s presidency of the EU Council than a genuine offer to represent the Visegrad states’ interests in the EU. Vienna is also trying to strengthen its position in Central Europe using regional cooperation initiatives such as the Slavkov Triangle, Three Seas Initiative, and the V4+ format. However, Austria’s pro-Russia stances and economic conflicts of interest have burdened relations with regional partners. Common goals remain limited but include the development of transport infrastructure, an endorsement of the European integration of the Western Balkans and strengthening the EU’s external borders.
  • Topic: International Affairs
  • Political Geography: Austria
  • Author: Justyna Szczudlik
  • Publication Date: 03-2018
  • Content Type: Policy Brief
  • Institution: The Polish Institute of International Affairs
  • Abstract: In his first term, Chinese leader Xi Jinping abandoned Deng Xiaoping’s foreign policy dictum of “keeping a low profile.” But China’s activism in the middle of Xi’s first term was still more reactive than creative. However, in the last two years a new phase of diplomacy has emerged, in which all actions are subordinated to China’s unchanging strategic foreign policy goal of regaining its superpower status. This means that China strives to enforce change in the global system, which is dominated by the West.[1] The PRC is already trying to introduce new standards for international relations and promotes its values and principles more aggressively worldwide. There are already examples that Xi is effectively implementing his ideas.
  • Topic: International Affairs
  • Political Geography: China
  • Author: Johannes Lang, Robin May Schott, Rens van Munster
  • Publication Date: 03-2018
  • Content Type: Policy Brief
  • Institution: Danish Institute for International Studies
  • Abstract: Formal UN discussions have begun to address how the international community should regulate the development and use of lethal autonomous weapons – also known as ‘killer robots’. Denmark has so far chosen not to participate in these discussions, but there are good reasons to get involved.
  • Topic: International Affairs, Weapons
  • Political Geography: Global Focus
  • Author: Peter Albrecht
  • Publication Date: 03-2018
  • Content Type: Policy Brief
  • Institution: Danish Institute for International Studies
  • Abstract: Elections in Sierra Leone will not change the circumstances that have led to war in the country – and already marginalized citizens stand to lose. The greatest concern is not the election, but the deep-seated patronage networks that govern the country.
  • Topic: International Affairs
  • Political Geography: Sierra Leone
  • Author: Johannes Lang, Rens van Munster, Robin May Schott
  • Publication Date: 02-2018
  • Content Type: Policy Brief
  • Institution: Danish Institute for International Studies
  • Abstract: Disagreements on how to define “autonomy” are stalling formal UN discussions on the compliance of autonomous weapons with international humanitarian law. A pragmatic approach that focuses on the weapon’s critical functions, such as target selection and firing, can help move discussions forward in the future.
  • Topic: International Affairs
  • Political Geography: Global Focus
  • Author: Jairo Munive, Finn Stepputat
  • Publication Date: 01-2018
  • Content Type: Policy Brief
  • Institution: Danish Institute for International Studies
  • Abstract: Armed non-state actors are significant players in most conflicts. The international community is often forced to engage with them in order to secure humanitarian aid for civilians or to end armed political conflicts. The question of when and how to engage is being debated. We sug­gest a more pragmatic approach.
  • Topic: International Affairs
  • Political Geography: Global Focus