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1. China — Securities Opening

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, and Political Economy
Political Geography:
United States and China

2. International — Auto Consolidation

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, and International Trade and Finance
Political Geography:
United States and Europe

3. International — Weak Dollar

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 and International Trade and Finance
Political Geography:
United States and Europe

4. East Asia: Currency Cooperation

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, and International Trade and Finance
Political Geography:
Asia and Hong Kong

5. Middle East/Afghanistan — Al-Qaida Threat

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 and Terrorism
Political Geography:
Afghanistan, United States, Europe, Middle East, and Arab Countries

6. Science/Technology — Ocean Power

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, and Science and Technology

7. European Union — FSAP Progress

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 and International Trade and Finance
Political Geography:
Europe

8. United States — First-Quarter Surge

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, and Political Economy
Political Geography:
United States

9. International — Steel Glut

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, and International Trade and Finance

10. International — Global Economy

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, and International Trade and Finance
Political Geography:
United States and Europe

11. International — Pension Funding

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, and International Trade and Finance

12. Eastern Europe — Monetary Integration

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 and International Trade and Finance
Political Geography:
Europe

13. Argentina — Beleaguered Banks

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, and International Trade and Finance
Political Geography:
Argentina and Latin America

14. European Union — Insecure Recovery

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, and International Trade and Finance
Political Geography:
Europe

15. International — Steel Fortress

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, and International Trade and Finance
Political Geography:
United States

16. International — Market Screening

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, and Political Economy
Political Geography:
United States

17. South-East Asia — Investment Lessons

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 and International Trade and Finance
Political Geography:
South Asia, Asia, and Southeast Asia

18. United States/European Union — WTO Sanctions

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 and International Trade and Finance
Political Geography:
United States, Europe, and Washington

19. United States — Productivity Surprise

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 and International Trade and Finance
Political Geography:
United States

20. International — Development Davos

Publication Date:
02-2002
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
This week's piece examines the World Social Forum that opens today in Porto Alegre, Brazil. The forum is the 'anti-globalisation' counterpart to this week's World Economic Forum being held in New York. The outcome of this year's meeting will set the theme for the anti-globalisation movement and may include aggressive lobbying for a cross-border currency tax.
Topic:
Globalization, International Cooperation, International Organization, and International Trade and Finance

21. Saudi Arabia/United States — Strained Relations

Publication Date:
01-2002
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
Crown Prince Abdallah bin Abd al-Aziz yesterday described relations with Washington as "excellent". Despite these remarks, US-Saudi ties are under greater strain than at any time since the 1973-74 oil embargo, with the value of relations under question in the media of both countries, reflecting public feelings. These sentiments are not shared by the governing elites in either Washington or Riyadh, but they are constraining how the governments deal with one another. The removal of US forces from the Prince Sultan Airbase might ease the domestic pressure on Riyadh and give it more room to cooperate with Washington on other matters related to the war on terrorism. However, if Washington targets Iraq militarily, and Saudi Arabia rejects US requests for cooperation, relations will be severely damaged.
Topic:
Diplomacy
Political Geography:
United States, Washington, Middle East, and Arabia

22. European Union — ECB Policy

Publication Date:
01-2002
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
This week's piece examines the ECB's monetary and communication policy. The Governing Council of the ECB has appeared fairly unmoved either by widespread criticism of its communication policy or by growing pressure for lower interest rates. The ECB has no choice but to remain committed to its price stability mandate, despite the change in economic climate. However, in doing so, it remains vulnerable to the dilemmas posed by the combination of strong independence and a narrow mandate.
Topic:
Economics and Politics
Political Geography:
Europe

23. International — Socially Responsible Investment

Publication Date:
01-2002
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
This week's piece examines the impact of strong growth and low volatility in socially responsible investment. Current trends suggest that fund managers and stock index compilers will introduce more socially responsible investment products in 2002. Of all the developments within the SRI (socially responsible investment) industry the high persistency rates of social investors stand out. If the growth of this asset class continues and if financial returns continue to be deprioritised among investors, gradual changes in the style and approach of corporate boards of directors, operations and accounting and disclosure will occur.
Topic:
Economics and International Trade and Finance

24. Science Technology — Internet Advances

Publication Date:
12-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
This week's piece examines the impact of Advances in accessibility and security of the internet. A range of new technologies that should greatly increase the commercial utility of the internet will be ready for the marketplace in the next 18-24 months. However, their advocates will need to justify the investment required to deploy them. New internet-related technologies, by enhancing the ability of commercial concerns to interact in a more personal and acceptable style with a wider range of customers, have the potential to usher in a new phase of electronic commerce. This prospect should be enough to secure the investment needed to ensure their effective deployment.
Topic:
Education, Globalization, International Trade and Finance, and Science and Technology

25. Chile/Argentina — Economic Fallout

Publication Date:
12-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
This week's piece examines the impact of Argentina's economic difficulties on Chilean firms. As well as its macroeconomic impact in Chile, reflected principally in currency volatility and a reduction of capital inflows, the Argentine crisis is affecting Chilean firms with investments in or exports to Argentina. It will also have an impact on Chile's tourist industry. Following the exit of many Chilean firms from Argentina over the last two years, those that remain are either in export sectors or have a long-term strategy under which they appear willing to ride out the present crisis. However, many will sustain short-term losses and some smaller investors, particularly in consumer sectors, may be forced out of the market.
Topic:
Economics, International Trade and Finance, and Politics
Political Geography:
Argentina, South America, and Chile

26. Prospects 2002 — Euro-Area Economy

Publication Date:
11-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
This week's piece focuses on the economic prospects for the euro-area in 2002. The euro-area economy has shown increasing signs of cyclical weakness since the beginning of 2001. These signs, compounded by the effects of accelerated decline in the United States since the September 11 terrorist attacks, indicate continuing stagnation into 2002 and growing difficulties for states to maintain their fiscal positions. SGP requirements are reducing the fiscal room for manoeuvre of euro-area states to respond to the current economic downturn. The absence of concerted intervention represents a considerable risk, particularly if global demand fails to pick up in 2002.
Topic:
Security, Defense Policy, and Terrorism
Political Geography:
United States and Middle East

27. Middle East — Bin Laden Prognosis

Publication Date:
11-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
This week's piece examines the prospects for the al-Qaida group and Osama bin Laden's wider terrorist network following the fall of the Taliban and the loss of many of its facilities in Afghanistan. Key elements of bin Laden's network have been seriously damaged. Some operational cells are likely to survive but most are likely to remain inactive for the foreseeable future in order to avoid detection. Al-Qaida is likely to remain active but less effective than hitherto. As long as the reasons for bin Laden's appeal to certain Islamist constituencies remains, new cells and entirely new groups will be formed within migrant communities and among those engaged in regional conflicts around the world.
Topic:
Security, Defense Policy, and Terrorism
Political Geography:
United States and Middle East

28. International — Nuclear Terrorism

Publication Date:
11-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
Taliban leader Mullah Mohammed Omar on November 15 threatened widespread destruction in the United States. Mullah Omar's ambiguous threat of large-scale destruction and Osama bin Laden's explicit claim to possess nuclear weapons raise questions about the likelihood of nuclear terrorism and highlight the importance of protecting sources of highly enriched uranium and plutonium. Technical barriers need not be considered sufficient to prevent the use of nuclear devices by terrorist groups. Nuclear weapon standards are much lower for terrorist groups than for states, potentially making their production less challenging. Acquisition of sufficient qualities and quantities of fissile material is the most formidable obstacle to nuclear terrorist capabilities. Therefore, stringent guarding of access to such material is the best defence against nuclear terrorism.
Topic:
International Organization, International Political Economy, and International Trade and Finance
Political Geography:
Taliban

29. International — IMF Crisis Decisions

Publication Date:
11-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The IMF's major shareholders have shown little willingness to provide new funds to Argentina. In deferring further assistance, the United States and other G7 shareholders have set limits on the international financial community's role in resolving a major emerging market financial crisis. The slowing global economy could provide an early test of these limits as it exposes weaknesses in other emerging markets — particularly those with larger geopolitical profiles than Argentina. Argentina's predicament highlights the Fund's paradox in wanting, on the one hand, to facilitate orderly resolution of crises (and prevent calamitous social impacts) and, on the other hand, to encourage markets to appropriately price risk by proving that non-optimal outcomes are possible. The risk of such outcomes is the basis upon which investors demand higher premiums from emerging market borrowers.
Topic:
International Organization, International Political Economy, and International Trade and Finance
Political Geography:
United States and Argentina

30. International — WTO Outlook

Publication Date:
11-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
This piece examines the prospects for the WTO Fourth Ministerial Conference in Doha beginning November 9. The central issue for the Qatar meeting is whether WTO members can agree to launch new negotiations, and in so doing restore confidence in the WTO itself. In the background are the September 11 terrorist attacks and the worsening global economic outlook, all of which simultaneously raise the stakes at the meeting and improve prospects for success. The outlook for the Qatar summit has improved, and agreement by WTO members in favour of wide-ranging trade negotiations is now on balance the most likely outcome. However, failure remains a real possibility, unless members can resolve remaining differences on agriculture, implementation of WTO agreements, environmental goals, US anti-dumping practices and pharmaceutical patents.
Topic:
Environment, Industrial Policy, International Organization, International Political Economy, and International Trade and Finance
Political Geography:
Qatar

31. International — OPEC Quandary

Publication Date:
11-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
OPEC President Chakib Kelil yesterday expressed confidence that the cartel can bring prices back to 25 dollars per barrel through production cuts implemented from January 1. Kelil's remarks follow a recent meeting of OPEC and non-OPEC oil producers to secure non-OPEC support for a production cut at OPEC's November 14 meeting. The moves take place against a backdrop of falling oil prices and an outlook for even lower prices as global economic growth deteriorates and oil producers fail to implement earlier output cut decisions. Significant uncertainties cloud the oil market and make micro-management extremely difficult. OPEC's apparent failure to secure non-OPEC cooperation for production cuts undermines market credibility for OPEC cuts at its November meeting. Unless the cartel can develop a plausible response, there is a real possibility that it will face an oil price collapse reminiscent of 1997-99.
Topic:
Environment, Industrial Policy, International Organization, International Political Economy, and International Trade and Finance

32. APEC — Shanghai Accord

Publication Date:
10-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
Pacific Rim leaders on October 21 signed an accord to re-invigorate progress towards free trade and investment in the region. The Shanghai Accord marks the Asia-Pacific Economic Cooperation (APEC) forum's effort to stimulate a flagging liberalisation agenda and to show leadership in promoting regional recovery. However, the accord may exacerbate the risk of further fracturing the diverse grouping. It will be difficult for APEC to move forward on trade liberalisation given that the organisation's own formulation of consensual, unbound liberalisation has proved unsuccessful in periods of economic crisis. The pathfinder initiative may re-energise the process but at the risk of APEC's fragmentation and without addressing the problems of some members' hesitation and lack of political will for domestic structural reform.
Topic:
Economics, International Trade and Finance, and Politics
Political Geography:
Shanghai and Asia

33. United STates — Anti-Terrorism Foreign Aid

Publication Date:
10-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
This piece focuses on The changing nature of US foreign assistance priorities in the aftermath of the September 11 terrorist attacks. There will be broad support for a rapid expansion of foreign aid designed to counter the terrorism threat and to support key coalition partners. Whether that support is sustainable in the future depends, at least in part, on the programme's success in enhancing US 'homeland security'. If the anti-terrorism foreign aid programme is shown to serve US interests, help erode poverty, promote democracy and stabilise the political positions of coalition partners, public opinion may in future support more robust programmes. However, if a large portion of assistance is mismanaged or abused, and/or accountability and impact are marginal, enthusiasm for foreign aid is likely to be undermined still further.
Topic:
International Relations, Security, and Terrorism
Political Geography:
United States

34. Afghanistan — War Aims

Publication Date:
10-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
This piece focuses on the obstacles facing the US-led military campaign in Afghanistan. In order to defend the United States and its allies against further terrorist attacks, the US-led military campaign in Afghanistan seeks to destroy Osama bin Laden's al-Qaida organisation and topple the Taliban regime which hosts it. However, significant obstacles stand in the way of victory. Washington appears to have embarked upon a long-term simultaneous military, political, diplomatic and economic strategy to achieve its objectives in Afghanistan. However, given the absence of any credible pan-Afghan leaders and the deleterious effects of more than two decades of internecine warfare, this approach carries high risks. They include even greater political fragmentation of the country, continued war and possible regional destabilisation.
Topic:
Defense Policy
Political Geography:
Afghanistan, United States, and Middle East

35. International — Unusual Securities Trades

Publication Date:
10-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The Organisation of Petroleum Exporting Countries (OPEC) met on Wednesday, September 26, in Vienna. The uncertainties associated with the international oil market have been greatly compounded by the September 11 terrorist attacks on the United States.
Topic:
Security
Political Geography:
United States, Europe, and Middle East

36. International — OPEC Meets

Publication Date:
09-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The Organisation of Petroleum Exporting Countries (OPEC) met on Wednesday, September 26, in Vienna. The uncertainties associated with the international oil market have been greatly compounded by the September 11 terrorist attacks on the United States.
Topic:
Terrorism
Political Geography:
United States, Europe, and Middle East

37. United States — Fiscal Fallout

Publication Date:
09-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The president this week signed into law a 40 billion dollar emergency appropriations package in response to the September 11 terrorist attacks. The package forms part of considerable planned spending increases, which in combination with expected tax cuts, will result in the country's fiscal position deteriorating significantly. This will have important implications for Federal Reserve policy, the bond market, and long-term global interest rates.
Topic:
Foreign Policy, Economics, and Terrorism
Political Geography:
United States

38. United States — Terrorist Aftermath

Publication Date:
09-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The World Trade Center's twin towers in New York City and the Pentagon in Washington were on Tuesday subjected to devastating terrorist attacks. The atrocities will prompt a wide-ranging review of US security and intelligence systems which, on Tuesday's evidence, failed spectacularly.
Topic:
Security, Foreign Policy, and Terrorism
Political Geography:
United States

39. European Union — Enhanced Cooperation

Publication Date:
08-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
This piece focuses on the use of flexibility in European integration. Flexibility — the possibility for a number of member states to deepen cooperation without the others — has always been a sensitive subject in discussions about the advancement of European integration. As the next wave of enlargement approaches, a number of member states have been keen to ensure that provisions for flexible cooperation are strengthened, a goal achieved in the Treaty of Nice.
Topic:
Political Economy
Political Geography:
Europe

40. United States — Trade Adjustment Assistance

Publication Date:
08-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
This piece focuses on the performance of and prospects for Trade Adjustment Assistance (TAA) programmes. The number of employees and employers who have benefited from programmes designed to counter the effects of certain trade agreements has expanded dramatically during the past few years. Such trade adjustment assistance is likely to be included in future legislation implementing new WTO and other trade agreements, largely to garner support for further trade liberalisation.
Topic:
International Trade and Finance
Political Geography:
United States

41. Brazil — IMF Agreement

Publication Date:
08-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The real is stabilising against the dollar following the announcement of the latest draft agreement between Brazil and the IMF on August 3. The provision of additional resources by the Fund is designed to support the value of the real and prevent the Brazilian economy from sliding into recession.
Topic:
International Organization, International Trade and Finance, and United Nations
Political Geography:
Brazil and Latin America

42. Uruguay — Defensive Economics

Publication Date:
08-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
In response to regional instability and two years of recession, Uruguay's government has taken measures to stimulate economic growth.
Topic:
International Organization and International Trade and Finance
Political Geography:
Latin America

43. Israel/Turkey: Strategic Ties

Publication Date:
08-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
Israel's Chief of Staff Shaul Mofaz met senior Turkish defence officials on July 27 to discuss defence cooperation. Israel and Turkey, facing similar strategic problems based on shared interests and fears, are in the process of building the most powerful alliance in the Middle East. They are doing so in the face of opposition from the Arab and Muslim worlds as well wider concerns, notably on the part of Russia. The Turkish-Israeli alliance now appears sufficiently robust, at least for the moment, to withstand opposition from the Arab and Muslim world. Moreover, US support for the entente may grow owing to concerns about terrorism and stability in the eastern Mediterranean basin, as well as the administration's renewed emphasis on stability in the Gulf.
Topic:
Security and Diplomacy
Political Geography:
Turkey, Middle East, and Israel

44. Mercosur/European Union — Tariff Talks

Publication Date:
07-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The outlook for trade ties between the EU and Mercosur. EU-Mercosur trade negotiations earlier this month gave a vigorous push to commercial negotiations between the two regions. The EU presented a detailed proposal for liberalising EU-Mercosur trade during the next ten years. Trade talks between the EU and Mercosur have now reached a more advanced stage than the talks on the Free Trade Area of the Americas (FTAA).
Topic:
Economics and Politics
Political Geography:
Europe

45. India/Pakistan — Peace Pipe

Publication Date:
07-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
India and Iran have proposed the construction of a natural gas pipeline connection. While the project would be a major engineering achievement, the principal challenge will be gaining Islamabad's consent for it to traverse Pakistani territory. Pakistan's parlous relations with Tehran and Delhi, the latter little improved by last weekend's summit, will make this difficult.
Topic:
Economics, Energy Policy, and Politics
Political Geography:
Pakistan, South Asia, India, and Asia

46. United States — Downturn Dilemmas

Publication Date:
07-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
Despite the continuing fragility of the economy, prompt policy action and the resilience of the US consumer are likely to prevent a full-blown recession, thereby shaping the probable path of the US economic downturn. Therefore, the risk of negative balance sheets and potential inflationary problems could arise from too rapid a recovery.
Topic:
Economics and Politics
Political Geography:
United States

47. European Union: Belgian Presidency

Publication Date:
07-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The rotating EU presidency this week passed from the Swedish to the Belgian government. The Belgian presidency faces a considerable test of nerve as it attempts to square its constitutional ambitions for further political integration with the increasing unpredictability of European public opinion. The new public mood of caution towards European integration has resulted in a notable ambivalence on the part of Verhofstadt. While stressing the importance of a completely open debate, Verhofstadt is also using the more closed approach of close consultation between governments and their representatives in preparing keynote proposals for the Laeken European Council, which, in reality, is the only way of reaching solutions.
Topic:
Government and Politics
Political Geography:
Europe

48. Argentina — Federal Stand-Off

Author:
Caspar Fithin
Publication Date:
06-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
Opposition Peronist party governors and trade unions this week broke off institutional dialogue with the federal government over recent economic measures and pending debts. The fourteen governors in question, their minds on mid-term legislative elections, believe that the political cost of supporting the government will be greater than the cost of being seen to scupper its initiatives, and that opposition constitutes a more effective means of pressing their demands. Their decision puts the prospects for Argentina's economic recovery at risk. The Peronist governors' decision to distance themselves from the government both reflects and compounds the weakness of the federal administration. While their new approach to force concessions from the government could ease social problems in the short term, there is a danger that it will do so at the expense of economic recovery and political stability in the longer term.
Topic:
Economics, Government, Political Economy, and Politics
Political Geography:
South America

49. European Union — Enlargement Post-Gothenburg

Author:
Caspar Fithin
Publication Date:
06-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
At the Gothenburg European Council on June 15-16, EU leaders set themselves the objective of starting eastward enlargement by 2004. Small but significant changes in the wording of commitments on enlargement were agreed after intensive diplomacy by the Swedish EU presidency. The EU now has a very tight timetable for concluding negotiations with the front-runner candidates for membership. Although the candidates have made good progress, many political obstacles must be surmounted during the next 18 months, with the Irish referendum result creating further complications. However, the most important negotiations will not be those with the candidates, but those between the member states.
Topic:
Diplomacy and International Organization
Political Geography:
Europe

50. Iran — Khatami Landslide

Author:
Caspar Fithin
Publication Date:
06-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
President Mohammed Khatami was re-elected on June 8 by a huge margin. Khatami's supporters are already talking about a renewed campaign for reform under a reorganised cabinet and a reinvigorated Majlis. However, the obstacles to such a programme remain formidable. Khatami is likely to press a little more strongly for reform, especially in the economic field. However, doubts remains that he or his parliamentary colleagues have the means to use the renewed mandate provided by the election to press for radical change. Any change is therefore likely to modest and incremental, though, in the Iranian context, significant.
Topic:
Government and Politics
Political Geography:
Iran and Middle East