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1601. Foes to Partners: 25 Years of U.S.-Vietnam Relations

Author:
Jeffrey Ordaniel and Ariel Stenek
Publication Date:
10-2021
Content Type:
Special Report
Institution:
Pacific Forum
Abstract:
Authors of this volume participated in the inaugural U.S.-Vietnam Next-Generation Leaders Initiative. With backgrounds in academia, public policy, military and industry, the cohort brings rich insights on the past, present, and future of the U.S.-Vietnam relationship. Between October 2020 and April 2021, cohort members engaged with senior experts and practitioners as they developed research papers addressing various aspects of the bilateral relationship.
Topic:
Security, Diplomacy, Bilateral Relations, and Economy
Political Geography:
Vietnam, North America, Southeast Asia, and United States of America

1602. More Harm than Good: Why Chinese Sanctions over THAAD have Backfired

Author:
Daniel Mitchum
Publication Date:
12-2021
Content Type:
Special Report
Institution:
Pacific Forum
Abstract:
In 2017 South Korean Moon Jae-in, in response to North Korean ballistics testing, adopted a resolution to implement the THAAD missile interceptor system. Beijing had long been opposed to the system and as a result initiated a series of unofficial, punitive economic sanctions against South Korea which covered a range of industries. However, Beijing’s actions did little to alter Seoul’s decisions and have instead damaged China-South Korea relations. A similar paradigm has since appeared within China-Australia relations. How nations respond and adapt to such tactics in the future is a question of critical importance.
Topic:
International Relations, Sanctions, Weapons, and Economy
Political Geography:
China, Asia, South Korea, and North Korea

1603. A New Era of US Policy Toward the Korean Peninsula

Author:
Joshua Nezam
Publication Date:
02-2021
Content Type:
Special Report
Institution:
Pacific Forum
Abstract:
This paper offers concrete policy recommendations and institutional tools for the incoming Biden administration and Congress to revise policy toward the Korean Peninsula. Deterring North Korea will remain a focus of the alliance, but prioritizing denuclearization must no longer monopolize the alliance’s political capital nor paralyze its global potential. The US and South Korea must clarify how shared values translate into policy convergence in security, economy, and technology domains to rediscover relevance in an era of multidimensional structural competition with China. Even without a comprehensive nuclear agreement with North Korea, the near-term priority must be to revitalize the regional security architecture to uphold extended deterrence to South Korea and Japan while institutionalizing a process of managing tensions and capping North Korea’s most destabilizing capabilities. Lastly, Congress must deliberate a viable path toward risk reduction and peace with Pyongyang while advocating for transformational change through advocacy for human rights and freedom of information.
Topic:
Security, Foreign Policy, Science and Technology, Economy, and Alliance
Political Geography:
North America, Korean Peninsula, and United States of America

1604. The Opportunity is There: South Koreans’ Views of China and the Future of the US-ROK Alliance

Author:
John Lee
Publication Date:
04-2021
Content Type:
Special Report
Institution:
Pacific Forum
Abstract:
Officially, relations between the Republic of Korea and the People’s Republic of China remain cordial. Because of China’s economic heft and South Korea’s reliance on unmolested trade with the former for its continued economic development, South Korea takes great pains to be as neutral as possible between the United States and China despite its formal alliance with the US. As such, many pejoratively refer to South Korea as “the weak link” in America’s Northeast Asia alliance system. However, on a civil society level, an overwhelming majority of the South Korean public has a negative view of China—a view that has steadily gotten worse over time. Being a democracy that reflects voters’ popular will, growing anti-Chinese sentiment among voters means South Korea’s current policy of placating China will not be sustainable indefinitely. Meanwhile, the Trump administration largely neglected the alliance between South Korea and the United States. That neglect notwithstanding, an overwhelming majority of South Koreans either strongly or somewhat support the alliance with the United States. Conditions are perfect for the Biden administration to seek to repair and strengthen relations with South Korea to empower the alliance to serve as a credible bulwark against Chinese expansionism—this paper offers solutions on how to do so.
Topic:
International Relations, Foreign Policy, Economy, Alliance, and Trade
Political Geography:
China, Asia, and South Korea

1605. South Korea’s Demographic Advantage is Over: The Regional Context and the Economic and Security Implications

Author:
Tom Byrne and Jonathan Corrado
Publication Date:
07-2021
Content Type:
Special Report
Institution:
Pacific Forum
Abstract:
South Korea has the lowest birth rate in the world, its population—especially its working-age population—has declined, and the pronatalist polices of the past 20 years have not been successful at reversing this trend. Over time, this threatens the country’s economic and fiscal position, as well as its military position as the number of conscripts declines. While more advanced technology can help, over the long term it is no substitute for people, especially in the security realm. Overcoming this will require Korea to either shift to a new economic paradigm or else achieve a second Miracle on the Han River—this time demographic rather than economic.
Topic:
Security, Demographics, Economy, and Aging
Political Geography:
Asia and South Korea

1606. Reasons for Russia’s War on Ukraine and its foreseeable consequences on Latin America

Author:
Nancy Janett García Vázquez
Publication Date:
08-2021
Content Type:
Commentary and Analysis
Institution:
Argentine Council for International Relations (CARI)
Abstract:
This article analyzes the historical and political reasons that, in the author's opinion, have led to the war unleashed by the Russian Federation against Ukraine. It is also its purpose to analyze the war' imediate and mediate impacts at the international level, as well as its eventual consequences in the Latin American region.
Topic:
Security, Politics, War, History, Economy, and Peace
Political Geography:
Russia, Ukraine, Eastern Europe, Latin America, and Caribbean

1607. The RRF as administrative subsidiarity

Author:
Adriaan Schout
Publication Date:
10-2021
Content Type:
Policy Brief
Institution:
Clingendael Netherlands Institute of International Relations
Abstract:
When the corona crisis broke out, it was clear that eurozone economies were ill prepared for new setbacks. Put differently, the SGP had failed to produce convergence. The RRF offers an opportunity to reconsider the effectiveness of economic governance and to strengthen national ownership for sound economic policies. Despite its potential merits, the RRF was not designed to reinforce national institutions to monitor and correct their own economic policies. Creating the required ownership for sound economic policies would have demanded empowering the independent National Productivity Boards (NPBs) and Independent Fiscal Institutions (IFIs), and integrating them in a redesigned independent network-based European Fiscal Board (EFB). The failure in 2020 to include the NPBs, IFIs and the EFB also implies a major break with the Fiscal Compact, Two Pack and Six Pack that aimed at empowering national institutions. The RRF concerns a major financial commitment and could thus have been used as bargaining chip to strengthen the long-term reform measures by insisting on a subsidiarity-based European monitoring and enforcement system, including mutual inspections, and build around the nascent macroeconomic independent national and EU agencies. Such decentralized systems have proved their worth in successful European policy areas such as in monitoring the state of the environment in member states. This will have consequences for the organization of the EU Commission. Using the lessons from the RRF to (forget to) strengthen national institutions is also relevant for redesigning the SGP. Firstly, redesigning the NPBs, IFIs and EFB will offer a suitable model for monitoring national policies as a replacement of the current centralized control under the SGP by the Commission. Secondly, the future development of the RRF and NGEU can be used as bargaining chip in the negotiations on the SGP. The review of the SGP will involve adaptation of rules, reinstituting the ESM, and deciding on new emergency funds. The negotiations ahead offer opportunities and leverage for steering towards a pro-active and constructive role for the Netherlands in the elaboration of subsidiarity-based economic governance.
Topic:
Governance, Economy, Fiscal Policy, and COVID-19
Political Geography:
Europe

1608. The crisis of the Turkish lira: Toward economic collapse or a new economic model?

Author:
Al Jazeera Center for Studies
Publication Date:
12-2021
Content Type:
Policy Brief
Institution:
Al Jazeera Center for Studies
Abstract:
As with any economic or fiscal policy, Erdogan is taking a risk, betting that his vision can turn the Turkish economy around. The only problem is that with presidential and parliamentary elections scheduled for June 2023, he has just 18 months to prove the efficacy of his policies.
Topic:
Economy, Recep Tayyip Erdoğan, Fiscal Policy, and Currency
Political Geography:
Turkey, Middle East, and Mediterranean

1609. U.S.-Thai Economic Prospects–Turning A New Page

Author:
Judy A. Benn
Publication Date:
11-2021
Content Type:
Special Report
Institution:
East-West Center
Abstract:
Judy A. Benn, Former Executive Director American Chamber of Commerce in Thailand, explains that “for Thailand to take full advantage of post-pandemic opportunities and reignite its economy to make-up for the last 18 months, the nation will need to capitalize on its centralized geographic location and position as one of Southeast Asia’s strongest manufacturing bases.”
Topic:
International Trade and Finance, Treaties and Agreements, Bilateral Relations, Regulation, and Economy
Political Geography:
North America, Thailand, Southeast Asia, and United States of America

1610. To Grow or Not to Grow: Belarus and Lithuania

Author:
Thorvaldur Gylfason and Eduard Hochreiter
Publication Date:
09-2021
Content Type:
Special Report
Institution:
The Vienna Institute for International Economic Studies (WIIW)
Abstract:
We compare the economic growth performance of Belarus and Lithuania since the collapse of the Soviet Union in 1991. Our interest in this country pair is driven by the two countries´ interwoven histories as well as by the fact that Belarus remains autocratic and strongly tied to Russia, while Lithuania has reinvented itself as a democratic market economy fully integrated into the EU. Our aim is to better understand the extent to which the growth differential between the two countries can be traced to increased efficiency, i.e., total factor productivity, in the use of capital and other resources via, inter alia, better institutions (intensive growth) as opposed to sheer accumulation of capital (extensive growth), the hallmark of Soviet economic growth. To this end, we compare the development of some key determinants of growth in the two countries since the 1990s. A simple growth accounting model suggests that advances in education at all levels, good governance, and institutional reforms have played a more significant role in raising economic output and efficiency in Lithuania than in Belarus, which remains marred by problems related to weak governance as well as autocratic rule. Further, as in Estonia and Latvia, the EU perspective has made a significant contribution to growth in Lithuania. The Russian connection has done less for Belarus. Finally, we touch upon the impact of the corona virus on the economies of the two countries.
Topic:
European Union, Economy, Economic Growth, Post-Soviet Space, and Autocracy
Political Geography:
Russia, Europe, Lithuania, and Belarus

1611. The Gap that Survived the Transition: The Gender Wage Gap over Three Decades in Estonia

Author:
Jaanika Meriküll and Maryna Tverdostup
Publication Date:
08-2021
Content Type:
Working Paper
Institution:
The Vienna Institute for International Economic Studies (WIIW)
Abstract:
This paper looks at the gender wage gap throughout the transition from communism to capitalism and throughout a time of rapid economic convergence. The case of Estonia is used, and micro data from the Labour Force Survey from 1989 to 2020 are employed. The communist regimes had highly regulated wage setting and high levels of educational attainment and labour market participation for women. Although the regime was formally egalitarian, the gender attitudes were conservative and the raw gender wage gap was as large as 41% at the end of the communist period in Estonia. The large gender wage gap under communist rule narrowed quickly during the first years of economic transition, but the further decline in the gap has been slow. The paper has two main messages. The first is that there is strong inertia in the gender wage gap persisting through the communist period and economic convergence. None of the known long-run cultural drivers of gender attitudes can explain this. The second is that the decline in the gap is related to the overall decline in wage inequality, the rise in minimum wages, and more egalitarian gender attitudes. The gender attitudes are responsible for a smaller effect than wage inequality is.
Topic:
Economy, Minimum Wage, Post-Soviet Space, Wage Income, Attitudes, and Gender Wage Gap
Political Geography:
Eastern Europe and Estonia

1612. Source – Assembly – Sink: Value Added Flows in the Global Economy

Author:
Robert Stehrer
Publication Date:
09-2021
Content Type:
Working Paper
Institution:
The Vienna Institute for International Economic Studies (WIIW)
Abstract:
In this paper we provide a method to characterise global value chains and a related decomposition of bilateral gross exports by distinguishing three different stages of the value-added flows: (i) the source of value added, (ii) the final assembly stage of a product, and (iii) the final absorption (sink) of this product. Methodologically this is embedded in a simple framework using matrix algebra allowing for intuitive interpretations of the individual decomposition terms and results. The approach leads to a novel decomposition of bilateral gross export flows and related value-added trade indicators. It is shown how these correspond to existing measures using the property of inverse matrices. Specifically, the paper sheds light on the nature of the double-counting terms discussed in the literature. Finally, the approach outlined is extended by incorporating insights from the hypothetical extraction method. We argue that this is a complementary approach which however can be used to flexibly define the value chains of interest and characterise the respective flows that are considered part of this defined value chain, again carefully differentiating the source, assembly, and sink dimensions.
Topic:
International Trade and Finance, Economy, Exports, Global Value Chains, and Decomposition
Political Geography:
Global Focus

1613. Heterogeneous Effects of Non-tariff Measures on Cross-border Investments: Bilateral Firm-level Analysis

Author:
Amat Adarov and Mahdi Ghodsi
Publication Date:
09-2021
Content Type:
Working Paper
Institution:
The Vienna Institute for International Economic Studies (WIIW)
Abstract:
We analyse the heterogeneous effects of technical regulations and safety standards embodied in non-tariff measures on foreign direct investment using global firm-level panel data of bilateral cross-border ownership relationships over the period 2008-2018. To this end, we develop a novel measure of time-varying bilateral ad valorem equivalents of sectoral non-tariff measures, which reveals that technical barriers to trade (TBTs) played a much greater role as a trade-inhibiting factor in comparison with import tariffs and sanitary and phytosanitary (SPS) measures over the period 1996-2018, with their relative importance increasing in the post-Great Recession period. Estimations using the Poisson pseudo-maximum likelihood framework reveal the importance of non-tariff measures as a driver of foreign direct investment, with heterogeneous effects observed for the measures imposed by the host and the home country, as well as across sectors and types of non-tariff measures. Among other results, we find that an increase in the stringency of technical barriers to trade imposed by the host country is associated with higher investment in the foreign subsidiaries operating in this country, pointing to the regulatory barrier-jumping motive of foreign direct investment. The effect is much stronger for the multinational corporations operating in the information and communications technology sector.
Topic:
International Trade and Finance, Foreign Direct Investment, Economy, and Business
Political Geography:
Global Focus

1614. The Long Shadow: Immediate and Downstream Consequences of the Collapse of the USSR

Author:
George W. Breslauer
Publication Date:
09-2021
Content Type:
Journal Article
Journal:
Brown Journal of World Affairs
Institution:
Brown Journal of World Affairs
Abstract:
For most Russians, the collapse of the Union of Soviet Socialist Republics (USSR) in 1991 was highly disorienting, if not traumatizing. They were sud- denly living in a new world. Many appreciated the newfound freedoms (of speech, association, religion, travel, and limited economic entrepreneurship) bequeathed by Mikhail Gorbachev’s reforms. Still, however much they appreci- ated Gorbachev’s ending of the Cold War, Russians had to get used to a long list of shattering losses. Their country was no longer a distinct, multi-ethnic civilization or an acknowledged “great power” that could take pride in its history. The economy was collapsing amidst deepening shortages of consumer goods, while organized crime climbed above ground to demand protection money and collude with state and party officials to strip state assets.1 Abroad, the country was a lonely “has-been.” The states of Eastern Europe were no longer military allies or vassals, and Russia could no longer claim to be the virtuous leader of an anti-imperialist “world communist movement.” The USSR’s prior claims of being a “global power” were nullified by the parlous state of the Russian military and the country’s economic dependence on the West in the wake of the collapse. The only international status indicator that remained was the claim of being a nuclear “superpower.”
Topic:
History, Economy, Vladimir Putin, and Post-Soviet Space
Political Geography:
Russia and Soviet Union

1615. Scenarios for an impact assessment of global bioeconomy strategies: results from a co-design process

Author:
Ruth Delzeit, Tobias Heimann, Franziska Schunemann, and Mareike Soder
Publication Date:
07-2021
Content Type:
Working Paper
Institution:
Kiel Institute for the World Economy (IfW)
Abstract:
The replacement of fossil resources with renewable biomass in a bioeconomy is seen as a major contribution to climate change mitigation. This transformation will affect all members of society, making it crucial to consider the views of different stakeholders to ensure a socially acceptable transition towards a sustainable bioeconomy. To explore potential outcomes of bioeconomy strategies assuming different future pathways, a scenario analysis is a tool to inform decision-makers about policy impacts and trade-offs. The inter- and transdisciplinary research project “BioNex – The future of the biomass nexus” is the first project to develop bioeconomy scenarios together with stakeholders from politics, industry, and civil society in an iterative co-design process. As a result, three storylines describing diverging potential global futures are developed and quantified: Towards sustainability, business as usual, and towards resource depletion. The futures are driven by different assumptions on climate policy, cropland expansion, productivity growth in agriculture, prices of fossil energy, and consumption behaviour. Additionally, in the co-design process, three bioeconomy policies are developed: policy as usual, stronger development of the bioeconomy, and no policies. Besides presenting the results of the stakeholder workshops, this paper evaluates the strengths and shortcomings of a stakeholder approach in terms of policy-oriented research. According to the experience made within this study, it provides valuable insights for researchers and funding authorities they can use to optimise the employment of stakeholder-based research approaches.
Topic:
International Cooperation, Economy, Biology, and Models
Political Geography:
Global Focus

1616. No Boundaries – The Syrian-Lebanese Drug Economy

Author:
Moran Levanoni
Publication Date:
12-2021
Content Type:
Working Paper
Institution:
Moshe Dayan Center for Middle Eastern and African Studies
Abstract:
In this issue of Iqtisadi, Dr. Moran Levanoni analyzes how the Syrian-Lebanese border area has become one of the most important centers for the production of illegal drugs in the Middle East. Hezbollah's key role in the Middle East drug trade is contextualized within its global empire that includes parts of South America, Africa, and Eurasia.
Topic:
Economy, Hezbollah, Drugs, and Illicit Financial Flows
Political Geography:
Middle East, Lebanon, and Syria

1617. Pax Caucasia: Prospects of Peace and Cooperation in South Caucasus

Author:
Farid Shafiyev
Publication Date:
06-2021
Content Type:
Journal Article
Journal:
Caucasus Strategic Perspectives
Institution:
Center of Analysis of International Relations (AIR Center)
Abstract:
The current issue of the Caucasus Strategic Perspectives (CSP) journal entitled “Pax Caucasia: Prospects of Peace and Cooperation in South Caucasus” is dedicated to the possible cooperation opportunities in the aftermath of latest 44-days war between Armenia and Azerbaijan in the fall of 2020 with focus on different views from various countries. The CSP’s new issue includes 5 articles, 2 commentaries and 1 book review. In the framework of post-war cooperation situation, the CSP’s current authors analysed the economic difficulties of Armenia, Azerbaijan’s enhancing role in the region and existing geopolitical confrontations, performance of peacekeeping activities, as well as economic cooperation opportunities emerged in the post-war period.
Topic:
Foreign Policy, Development, War, Peacekeeping, Geopolitics, Economy, Strategic Competition, and Regional Politics
Political Geography:
Russia, Eurasia, Turkey, Armenia, Azerbaijan, South Caucasus, United States of America, Nagorno-Karabakh, and Guam

1618. ECOWAS' Efforts in Promoting South-South Cooperation Between its Member States and Global South Countries

Author:
Sidnoma Nita Belemsobgo
Publication Date:
10-2021
Content Type:
Journal Article
Journal:
Conjuntura Austral: Journal of the Global South
Institution:
Conjuntura Austral: Journal of the Global South
Abstract:
South-South Cooperation (SSC) is an innovative, forthright, and ambitious means to expand collaboration between countries with a similar economic profile. Over the past decade, it straightforwardly imposes within West African states’ practices. Indeed, as time passes, many countries have developed significant technical capacities and know-how that they can share. To formalise such sharing of experiences and best practices and raise it to another and higher level, it was essential to hand over this role to a supranational organisation with more tools and experience to coordinate the exchange. In that effect, In West Africa, states leaned towards the Economic Community of West African States (ECOWAS), which gathers 15 member states and which is the main catalyst for promoting exchanges and sharing within the sub-region. The study provides an overview of the South-South partnership promoted by ECOWAS on the economic and social aspects through an exploratory documentary study while providing the levers of development for this partnership. The study's main aim is to assess the importance of SSC for ECOWAS member states sustainable development. The specific objectives are: assess ECOWAS initiatives promoting SSC; provide some cases of success stories of good practices.
Topic:
Development, International Cooperation, Partnerships, Economy, and ECOWAS
Political Geography:
Africa and West Africa

1619. Washington and the Next Arab Spring

Author:
Sarah Feuer and David Schenker
Publication Date:
10-2021
Content Type:
Special Report
Institution:
The Washington Institute for Near East Policy
Abstract:
Should protests grow more destabilizing, the United States will need to balance its values and interests regarding bilateral ties, the popular movement in question, broader regional dynamics, and competition with Russia or China. Against the backdrop of simmering protests, endemic economic challenges, the continuing struggle to contain the Covid-19 pandemic, and fallout from the U.S. Afghanistan withdrawal, The Washington Institute has launched a series of policy papers to help guide the Biden administration’s approach on democracy, reform, human rights, and political change across the Middle East and North Africa. The series addresses a range of questions: How do changes in the region over the last decade affect the new administration’s approach to these issues? How should the administration best prepare for the “new normal” of protests in the region? What are the policy tools at America’s disposal, and how might they be improved? How can Washington turn much-needed attention to new areas of focus, such as corruption and public-sector reform? What does public opinion research tell us about what the region’s publics want in their countries—and from the United States? And where might enhanced U.S.-EU coordination play a constructive role? The proposed answers will assist policymakers in advancing opportunities for reform, preserving U.S. interests, and navigating Middle East realities in the context of America’s global priorities. In the second essay of the series, Sarah Feuer, David Schenker, and their coauthors discuss the resurgence of protest activity across the region, the result of deteriorating economic circumstances and abysmal governance, worsened by the Covid-19 pandemic. Should protests become more destabilizing, the authors explain, the United States—before taking any action—will need to carefully balance its values and interests with respect to bilateral ties, the protest movement in question, broader regional dynamics, and competition with Russia or China.
Topic:
Foreign Policy, Economy, Arab Spring, Protests, and Strategic Competition
Political Geography:
Russia, China, Middle East, and United States of America

1620. Neo-liberal Challanges and the Demise of Keynesian-Weberian State

Author:
Aziz Tuncer
Publication Date:
11-2021
Content Type:
Journal Article
Journal:
Bilgi
Institution:
Sakarya University (SAU)
Abstract:
Following the II. World War, there was a huge devastation and without state intervention it was not probable to reconstruct infrastructure and reinvigorate industry. Under these conditions in order to rejuvenate the economy and heal the havoc of the war, state intervention was pleased by large parts of society. Keynesian-Weberian structures accordingly were associated with development until mid 1970’s but in that time Weberian large bureaucracy was connected with poor performance, inefficiency and financial deficit. The proposals to rehabilitate the illnesses of Keynesian Weberian state were based upon neo-liberal principles and called New Public Management which became vogue in Europe and suggested to limit the boundary of state activities. One of its concrete outcome is huge transfers of state owned assets and public services to the private sector. Following the privatization and pervasion of the market, the boundary between public and private blurred which created a growing suspicion upon the violation of public interest on the part of citizens. This article aims at contributing to understand the nature and principles of both sides upon major areas.
Topic:
Development, Privatization, Economy, Neoliberalism, Keynes, and Welfare State
Political Geography:
Global Focus

1621. The Impact of Corruption on Nigerian Enterprises' Performance: An Empirical Study

Author:
Mohamed Zakaria Fodol
Publication Date:
11-2021
Content Type:
Journal Article
Journal:
Bilgi
Institution:
Sakarya University (SAU)
Abstract:
This study aims to assess the effects of corruption on Nigerian enterprises performance using data from the World Bank's Enterprises Survey, (Panel Data) for the years 2007, 2009, 2014. The Pooled Regression Model was applied. The corruption measured by six indicators divided into two groups, graft incidence and perceived need to make bribe payments. Graft incidence measures enterprises experienced request for a bribe payment across five types of applications, namely (1) an electrical connection, (2) water connection, (3) phone connection, (4) construction-related permit, and (5) total annual informal payment to public officials. While the perceived need to make bribe payments based on the answer to the question: (6) It is said that establishments are sometimes required to give gifts to public officials to ‘get things done’. The study found that the enterprises experienced a statistically insignificant bribe payment for the water connection and construction-related permit are statistically insignificant. Meanwhile, the level of firms expected to give gifts to public officers "to get things done", especially related to the sale and purchase of fixed assets significant and positively affect the enterprises' performance. As for the total payments to the public officers is significant and has negative effects, which indicates the medium or long terms impacts. This may be explained by the fact that developing economies are characterized by formal institutional flaws such as ineffective public administration and weak rule of law. It can also be explained by the theory of transaction cost, which states that the high transaction cost leads to a decrease in profits and thus poor performance. Unlike other studies, this study indicates that corruption represents an obstacle to Nigerian enterprises’ performance. The argument is that public authorities should move away from increasing the costs of corruption by improving the performance of public officials and implementing standards of transparency. Entrepreneurs also must search for alternatives to avoid paying bribes, such as leasing financing and so on.
Topic:
Corruption, Economy, Business, and Performance Evaluation
Political Geography:
Africa and Nigeria

1622. US Exit from Afghanistan: Impacts on Pakistan and India

Author:
Muhammad Muzaffar, Zahid Yaseen, and Naila Afzal
Publication Date:
12-2021
Content Type:
Journal Article
Journal:
Journal of Political Studies
Institution:
Department of Political Science, University of the Punjab
Abstract:
The aim of this qualitative study is to explore the impacts, challenges, and opportunities for Pakistan and India if United States of America applies full exit policy in Afghanistan. USA invade Afghanistan after 9/11 incident, almost 20 years close to pass, and Barak Obama peace deal withdrawal from Afghanistan is shortly to apply till the 20th anniversary of the said incident. Whole world has fixed her attention on this issue that how would USA successfully exit from Afghanistan by applying adequate intra-Afghan peace deal having a number of interests in the region. Ramification of the study is that USA full exit from Afghanistan is nightmare and for peace process and development of the reign Pakistan and Afghanistan must be cooperate instead of playing in enemy’s hands. It is also recommended that Pakistan need to review foreign policy on sound basis for the preservation of her interests in Afghanistan.
Topic:
Security, Foreign Policy, Politics, Economy, and Conflict
Political Geography:
Pakistan, Afghanistan, South Asia, and United States of America

1623. China’s Foreign Policy and Strategic Stability towards South Asia: An Analysis

Author:
Muhammad Muzaffar and Imran Khan
Publication Date:
07-2021
Content Type:
Journal Article
Journal:
South Asian Studies
Institution:
Department of Political Science, University of the Punjab
Abstract:
This study analyzes the China‟s foreign policy towards South Asia with the phenomena of strategic stability. South Asia has emerged as progressively vibrant interest to China‟s foreign policy. Chinese administration has showed consent to continue its harmonized policies towards regional states like India and Pakistan. Following the realistic approach, it is quite possible that China may not prove helpful in resolving the chronic regional territorial disputes however; it will be cooperative in bringing peace and stability in this region along with economic boom. The outcome of discussion reflects that the imperatives of regional security added new dimensions such as China‟s peaceful rise under Xi Jinping and China‟s role of strategic balance between India and Pakistan. Due to diverse Chinese interests in this region, it is expected that Beijing will pay more attention towards South Asian affairs in future and will play a role of more responsible stakeholder.
Topic:
Security, Foreign Policy, Nuclear Weapons, Economy, and Strategic Stability
Political Geography:
China, South Asia, and Asia

1624. China-Pakistan Economic Corridor: Integrating China with the Persian Gulf and East Africa

Author:
Adam Saud and Shabir Amhad Khan
Publication Date:
07-2021
Content Type:
Journal Article
Journal:
South Asian Studies
Institution:
Department of Political Science, University of the Punjab
Abstract:
China by launching the multi-trillion dollar Belt and Road Initiative (BRI) has possibly initiated the transformation of the prevailing global political system. The success of the BRI heavily depends upon the neighboring regions of China, as they will provide China with routes to integrate the international markets. In this regard, the China-Pakistan Economic Corridor (CPEC) is the key route; thus, also repeatedly termed as the flagship project of the BRI. The importance of CPEC is crucial for China as Beijing not only needs markets but imports of hydrocarbons from Persian Gulf and Africa. This paper aims to analyze the importance of the CPEC and Gwadar Port vis-à-vis securing China‟s national interests; securing multiple trade routes and attaining the much desired status of Great Power. Furthermore, the paper will shed light on the possible challenges China may face in this regard. The central question of this research is how the CPEC would help China integrate with the Persian Gulf and East-Africa? The nature of this research is critical and analytical; based on primary and secondary sources. The research is supported by theories of Neofunctionalism and Complex Interdependence.
Topic:
Foreign Policy, Infrastructure, Economy, Regional Integration, Belt and Road Initiative (BRI), and Strategic Interests
Political Geography:
Pakistan, Africa, China, South Asia, Asia, and Persian Gulf

1625. Lithuania, China and EU lawfare to counter economic coercion

Author:
Steven Blockmans
Publication Date:
12-2021
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
Without any formal notification, China recently declined customs clearances for shipments from Lithuanian firms in the pharmaceutical, electronics, and food sectors, and warned multinationals of secondary sanctions if they did not sever their ties with Lithuania. These covert actions were taken in response to Lithuania’s invitation to Taiwan, which the People’s Republic of China (PRC) claims as its own territory, to open a ‘representative office’ in Vilnius. No other country has ever found itself at the receiving end of such intense and politically motivated Chinese economic pressure. These actions on the part of the PRC are politically explosive because it raises serious questions about the international conduct of the Chinese Communist Party (CCP). If it can simply wipe a country off its trade book, a state belonging to the EU’s customs territory no less, then what does it mean to be a member of the WTO, or a signatory to any other number of international agreements? And, given the lamentable state the WTO is in: could the European Commission’s newly proposed anti-coercion instrument bring any solace to Lithuania and the EU?
Topic:
Law, European Union, Economy, Trade, and Coercion
Political Geography:
China, Europe, Asia, and Lithuania

1626. Gauging the Gravity of the Situation: The Use and Abuse of Expertise in Estimating the Economic Costs of Brexit

Author:
Christoph Semken and Colin Hay
Publication Date:
12-2021
Content Type:
Working Paper
Institution:
Max Planck Sciences Po Center on Coping with Instability in Market Societies (MaxPo)
Abstract:
HM Treasury’s estimation of the economic consequences of Brexit – using standard macroeconomic models – during the EU referendum campaign represents a remarkable intervention in a highly politicized public debate. It raises a series of questions about the use of economic expertise. Through a detailed theoretical and empirical critique of the Treasury’s methodology – and a reassessment of the likely effects of Brexit in light of this – we cast doubt on the utility of their approach, highlighting methodological issues, unrealistic assumptions, and misrepresentations of established facts. In the process we seek to identify some of the wider implications for the use and potential abuse of economic expertise in highly charged political contexts, such as the EU referendum debate.
Topic:
European Union, Economy, Brexit, and Methodology
Political Geography:
Britain and Europe