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  • Author: Abigael Baldoumas, Kelly Gilbride
  • Publication Date: 05-2012
  • Content Type: Policy Brief
  • Institution: Oxford Analytica
  • Abstract: The Yemeni people are facing a worsening humanitarian crisis with more than ten million–44 per cent of the population–facing food insecurity. With the onset of the hunger season, many families have exhausted their coping strategies and are being driven deeper into poverty. Donors remain deeply divided over their approaches to the region's poorest country, thus delaying responses and hindering funding. As the crisis builds, donors must take steps to address immediate humanitarian needs as well as making long term commitments to promote development. The Friends of Yemen ministerial meeting in Riyadh offers a critical opportunity for donors to be decisive, creative and generous if they are to break the cycle of hunger and poverty in Yemen. Yemen's future depends upon reducing people's vulnerability and building resilience for the long term, breaking the hunger cycle and empowering people to realize their potential. Failure to act now will put more lives at risk and further entrench poverty in the country.
  • Topic: Humanitarian Aid, Poverty, Food, Famine
  • Political Geography: Middle East, Yemen, Arabia
  • Publication Date: 06-2002
  • Content Type: Policy Brief
  • Institution: Oxford Analytica
  • Abstract: The China Securities Regulatory Commission issued rules on June 3 outlining the participation of foreign firms in fund management and securities business. Issued earlier than expected, the rules re-state concessions made in the trade and investment agreement China signed with the United States in November 1999. Modernisation and liberalisation of the sector is a prerequisite to channelling more of China's 1 trillion dollars of private savings to equity investment.
  • Topic: Economics, International Trade and Finance, Political Economy
  • Political Geography: United States, China
  • Publication Date: 06-2002
  • Content Type: Policy Brief
  • Institution: Oxford Analytica
  • Abstract: Fiat announced a sharp fall in May car sales in Italy on June 5 and its debt is under review for a possible ratings downgrade. The world's sixth-largest car maker is one of many manufacturers facing difficult profitability conditions. Global sales volumes in the industry have remained high, but profits have not followed suit. Mergers, the most rational panacea, are confounded by bitter experience.
  • Topic: Economics, Industrial Policy, International Trade and Finance
  • Political Geography: United States, Europe
  • Publication Date: 05-2002
  • Content Type: Policy Brief
  • Institution: Oxford Analytica
  • Abstract: This week's piece is on the international implications of a weaker US dollar. Seventeen weeks of dollar weakness raise the questions of whether the dollar is on a sustained path of decline, and what the implications are internationally. The 6% nominal effective decline in the dollar since January 31 might be sustained due to US financial and macroeconomic factors. Overall, the effect would be positive for Europe and the United States, and might encourage domestic demand growth in export-oriented Asian economies.
  • Topic: Economics, International Trade and Finance
  • Political Geography: United States, Europe
  • Publication Date: 05-2002
  • Content Type: Policy Brief
  • Institution: Oxford Analytica
  • Abstract: Former IMF First Deputy Managing Director Stanley Fischer expressed support for regional currency arrangements in a speech at the Hong Kong Monetary Authority on May 21. East Asian nations continue to discuss swap arrangements and other forms of cooperation in the hope of defending local currencies. Fischer endorsed the swap plans while throwing critical light on currency 'management' schemes. Such schemes could result in perverse consequences for regional economies.
  • Topic: Economics, International Organization, International Trade and Finance
  • Political Geography: Asia, Hong Kong
  • Publication Date: 05-2002
  • Content Type: Policy Brief
  • Institution: Oxford Analytica
  • Abstract: Intelligence assessments suggest that the bomb attack on French naval engineers in Karachi on May 8 bore the hallmarks of an al-Qaida operation. There is evidence to suggest that Osama bin Laden and other senior leaders are alive and regrouping, despite significant losses. The campaign against al-Qaida in Afghanistan and elsewhere is entering a new phase.
  • Topic: Security, Terrorism
  • Political Geography: Afghanistan, United States, Europe, Middle East, Arab Countries
  • Publication Date: 05-2002
  • Content Type: Policy Brief
  • Institution: Oxford Analytica
  • Abstract: This week's piece examines the prospects for tidal stream and competing offshore renewable energy technologies. Options for exploiting the energy available from the world's oceans include offshore wind, wave and tidal stream energy. Offshore wind is by far the closest to commercial exploitation, but the range of possibilities is surprisingly broad.
  • Topic: Development, Environment, Government, Science and Technology
  • Publication Date: 04-2002
  • Content Type: Policy Brief
  • Institution: Oxford Analytica
  • Abstract: This week's piece is on the progress towards completing the Financial Services Action Plan (FSAP). Amid continuing difficulties in key areas, pressure is growing for further advances in completing the single market for capital and financial services.
  • Topic: International Political Economy, International Trade and Finance
  • Political Geography: Europe
  • Publication Date: 04-2002
  • Content Type: Policy Brief
  • Institution: Oxford Analytica
  • Abstract: First-quarter GDP grew by 5.8%, the US government announced on Friday, 26 April 2002. The high growth figure will provide sustenance for optimists and help support high stock market valuations. However, the contrast with high-profile corporate earnings disappointments, together with a closer look at sources of demand, suggests a far weaker performance in the rest of 2002 and in 2003.
  • Topic: Economics, Government, Political Economy
  • Political Geography: United States
  • Publication Date: 04-2002
  • Content Type: Policy Brief
  • Institution: Oxford Analytica
  • Abstract: OECD members meet in Paris today and tomorrow in the fourth high-level forum on reducing global steel production capacity. The world steel trade is more unsettled than at any time in the last twenty years. Surplus capacity is holding prices down and harming otherwise competitive manufacturers.
  • Topic: Industrial Policy, International Political Economy, International Trade and Finance
  • Publication Date: 04-2002
  • Content Type: Policy Brief
  • Institution: Oxford Analytica
  • Abstract: A textbook approach to economic growth suggests the world is in for a difficult period. However, there are reasons to believe that the global economy will defy convention. The global economy will continue to support US external imbalances for the medium term, barring marked deterioration in certain areas of US weakness. However, European integration and Asian development could provide alternative sources of global demand, relieving the current imbalance of global dependence on the US economy.
  • Topic: Economics, International Political Economy, International Trade and Finance
  • Political Geography: United States, Europe
  • Publication Date: 04-2002
  • Content Type: Policy Brief
  • Institution: Oxford Analytica
  • Abstract: This week's piece is on policy options for pension funding from an intergenerational risk-sharing perspective. Demographic and business-cycle trends point to a shortfall in pension provision for retiring generations over the medium term.
  • Topic: Demographics, Economics, Government, International Trade and Finance
  • Publication Date: 03-2002
  • Content Type: Policy Brief
  • Institution: Oxford Analytica
  • Abstract: This week's piece focuses on the role of ERM II in the East European accession candidate countries. The EU's Exchange Rate Mechanism has emerged as the primary vehicle for the integration of the CEEC-10 accession countries into the European Monetary Union.
  • Topic: International Political Economy, International Trade and Finance
  • Political Geography: Europe
  • Publication Date: 03-2002
  • Content Type: Policy Brief
  • Institution: Oxford Analytica
  • Abstract: This week's piece examines the impact of the economic crisis on the Argentine banking sector. The collapse of the peso-dollar peg dealt a serious blow to the already weakened Argentine banking system, which now faces a significant restructuring process.
  • Topic: International Organization, International Political Economy, International Trade and Finance
  • Political Geography: Argentina, Latin America
  • Publication Date: 03-2002
  • Content Type: Policy Brief
  • Institution: Oxford Analytica
  • Abstract: This week's piece examines the outlook for euro-area economic performance. Despite some indications of improvements in the global and euro-area economies, it is too early to assume that these signify a lasting recovery.
  • Topic: Economics, International Political Economy, International Trade and Finance
  • Political Geography: Europe
  • Publication Date: 03-2002
  • Content Type: Policy Brief
  • Institution: Oxford Analytica
  • Abstract: The United States on March 5 announced tariffs on the vast majority of US steel imports. Despite rumours that he would impose moderate duties, US President Bush levied 30% tariffs on the types of steel accounting for about three-quarters of steel imports. Given that these duties follow hundreds of anti-dumping duties imposed on steel products over the past three years, the decision means that virtually no foreign steel will be sold in the United States. It will also have a host of unforeseen international consequences.
  • Topic: Foreign Policy, Economics, International Political Economy, International Trade and Finance
  • Political Geography: United States
  • Publication Date: 02-2002
  • Content Type: Policy Brief
  • Institution: Oxford Analytica
  • Abstract: The largest US-based pension fund last week listed 13 emerging markets that its fund managers will be allowed to invest in. Investment firms appointed by the California Public Employees' Retirement System (CalPERS) will actively manage up to one billion dollars in equity investments in 13 countries and unwind CalPERS' equity positions in markets outside them. As a large institutional investor, CalPERS' decisions have an important signalling role for a variety of institutional funds.
  • Topic: Economics, Government, International Trade and Finance, Political Economy
  • Political Geography: United States
  • Publication Date: 02-2002
  • Content Type: Policy Brief
  • Institution: Oxford Analytica
  • Abstract: This week's piece focuses on mixed successes of intra-regional mergers and acquisitions in South-east Asia. Large South-east Asian firms have been enthusiastic investors within the region, with mixed results. Successful intra-regional investment is important for developing a greater domestic demand structure in the region and reducing reliance on external demand.
  • Topic: International Political Economy, International Trade and Finance
  • Political Geography: South Asia, Asia, Southeast Asia
  • Publication Date: 02-2002
  • Content Type: Policy Brief
  • Institution: Oxford Analytica
  • Abstract: US trade officials said last week that EU estimates of damages arising from US export subsidies were exaggerated. EU trade officials have asked the WTO to approve 4 billion dollars worth of trade sanctions against the United States, after the latter lost an appeal before the WTO on the tax treatment of foreign-source income — judged to be illegal export subsidies. Washington must amend its tax laws or face the prospect of retaliatory trade restrictions.
  • Topic: Economics, International Trade and Finance
  • Political Geography: United States, Europe, Washington
  • Publication Date: 02-2002
  • Content Type: Policy Brief
  • Institution: Oxford Analytica
  • Abstract: The government announced yesterday that productivity increased at a 3.5% annual rate in the fourth quarter of 2001. The figure, previously available in its component form, has been interpreted as evidence of underlying improvement in productivity in the post-1995 period. Sustainability of productivity growth determines the reliability of fiscal forecasts, growth, inflation and unemployment.
  • Topic: Economics, International Trade and Finance
  • Political Geography: United States