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1241. Israeli Apartheid and the West’s Dwindling Moral Credibility

Author:
Andrea Dessì
Publication Date:
02-2022
Content Type:
Commentary and Analysis
Institution:
Istituto Affari Internazionali
Abstract:
Amidst spiralling tensions on the European continent, East-West animosities have returned to dominate daily news cycles. Predictably, this has revived rhetoric on competing political systems and norms, giving rise to a flurry of reporting contrasting Western democracy’s support for the “rules-based international order” vs an informal “alliance of autocracies” led by Russia and China which embrace military might or economic and political blackmail in “a bid to make the world safe for dictatorship”, as recently opinionated the Washington Post.
Topic:
Foreign Policy, Apartheid, Human Rights, International Law, and European Union
Political Geography:
Europe, Middle East, Israel, Palestine, United States of America, and Mediterranean

1242. Europe’s Post-Cold War Order Is No More

Author:
Riccardo Alcaro
Publication Date:
02-2022
Content Type:
Commentary and Analysis
Institution:
Istituto Affari Internazionali
Abstract:
Russian President Vladimir Putin’s decision to recognise the independence of the self-styled separatist republics of Donetsk and Luhansk in the Donbas may very well be the beginning of the end of Ukraine as an independent nation. For Ukraine, a nation of almost 44 million people, catastrophe looms large on the horizon. For Europe, these events are the harbinger of the end of an era. Europe’s post-Cold War order is no more.
Topic:
Foreign Policy, NATO, Diplomacy, and Transatlantic Relations
Political Geography:
Russia, Europe, Turkey, Ukraine, Caucasus, Balkans, and United States of America

1243. A G7/G20 Pact for Sustainable Urbanisation? Building on the Positive Legacy of Italy’s G20 Presidency

Author:
Nicholas J. A. Buchoud, Michael Keith, Susan Parnell, and Martin van der Pütten
Publication Date:
02-2022
Content Type:
Commentary and Analysis
Institution:
Istituto Affari Internazionali
Abstract:
The G20 as we know it emerged from the 2008 global financial crisis. What is rarely acknowledged, however, is that this grouping of the world’s twenty largest economies emerged at a time when the world was fast becoming more “urban” than “rural”. The impact of urbanisation on the world economy has received scant attention in global decision-making arenas because the post-2008 stabilisation of the global financial system came with significant costs. In particular, the financial crisis had important recentralising effects. The OECD, for instance, has regularly underlined the lasting impact of the financial crisis on sub-national investment capabilities.
Topic:
International Political Economy, Infrastructure, Governance, Urbanization, G20, and Sustainable Development Goals
Political Geography:
Europe and Italy

1244. Quo Vadis, Belarus?

Author:
Zoran Meter
Publication Date:
02-2022
Content Type:
Policy Brief
Institution:
Institute for Development and International Relations (IRMO)
Abstract:
Year 2021 was one of the most turbulent for Belarus since its independence after the collapse of the USSR. In the West Belarus is sometimes called the “European North the global economic crisis in 2008 without too many problems and internal turmoil. Belarus has also successfully overcome problems with its neighbor the Russian Federation caused by Korea” and its longtime president Alexander Lukashenko, whom the West no longer recognizes, is dubbed “Europe’s Last Dictator.” Although this country is still to a large extent dug in its communist past, it has overcome disputes related to the content and dynamics of the implementation of the establishment of a Federal State between Belarus and Russia to which they previously committed.
Topic:
Economics, Governance, Leadership, Dictatorship, Pandemic, and COVID-19
Political Geography:
Europe and Belarus

1245. The European Banks’ Role in the Financial Crisis of 2007-8: A Critical Assessment

Author:
Photis Lysandrou
Publication Date:
03-2022
Content Type:
Working Paper
Institution:
City Political Economy Research Centre (CITYPERC), University of London
Abstract:
Since the outbreak of the financial crisis in 2007, opinion has been divided over whether its root cause was credit arbitrage or safe asset demand. New research on the European banks' role in the crisis may finally help to resolve the issue. Far from being peripheral players in the crisis, European banks were deeply implicated in its causal origins as evidenced by their activities in the two US debt markets that were at the heart of the crisis: those for collateralised debt obligations (CDOs) and for asset backed commercial paper (ABCP). These activities would seem to lend weight to the credit arbitrage story, a conclusion that has been reached by several authors. However, it is a conclusion only made possible by ignoring the connection between the federal funds rate and the rate of ABCP demand from the institutional money market mutual funds (MMMFs) in the pre-crisis era. This paper argues that when this connection is closely examined, it turns out that the evidence surrounding the European banks' role in the financial crisis gives greater weight to the safe asset demand explanation of the crisis.
Topic:
Markets, Financial Crisis, Banks, Debt Securities, Assets, and Federal Funds Rate
Political Geography:
Europe and United States of America

1246. Turkey’s struggling economy, regional isolation, behind latest charm offensive with Israel and other countries

Author:
Efraim Inbar
Publication Date:
02-2022
Content Type:
Working Paper
Institution:
Jerusalem Institute for Strategy and Security (JISS)
Abstract:
A clear Turkish rationale for better relations with Israel is to weaken the strategic partnership between Jerusalem, Greece, and Cyprus and get access to Israel’s natural gas.
Topic:
Diplomacy, Natural Resources, Gas, and Strategic Interests
Political Geography:
Europe, Turkey, Middle East, and Israel

1247. The EU is Reluctantly Getting Tougher with Putin

Author:
Emmanuel Navon
Publication Date:
02-2022
Content Type:
Working Paper
Institution:
Jerusalem Institute for Strategy and Security (JISS)
Abstract:
Europeans surely remember what happens when you let an autocrat get away with grabbing territories hoping that the last bite will be the last one
Topic:
Diplomacy, Military Strategy, European Union, and Conflict
Political Geography:
Russia, Europe, and Ukraine

1248. Understanding the Russia-Iran-Israel Triangle

Author:
Daniel Rakov
Publication Date:
02-2022
Content Type:
Working Paper
Institution:
Jerusalem Institute for Strategy and Security (JISS)
Abstract:
As Tehran invests efforts to improve relations with Russia, Israel will have to maintain a dialogue with Moscow to safeguard its military and diplomatic freedom of action.
Topic:
Diplomacy, Military Strategy, Conflict, and Strategic Stability
Political Geography:
Russia, Europe, Iran, Middle East, and Israel

1249. Turkey-Armenia Normalization: A Quest for Realism

Author:
Hay Ertan Cohen Yanarocak
Publication Date:
01-2022
Content Type:
Working Paper
Institution:
Jerusalem Institute for Strategy and Security (JISS)
Abstract:
Ironically, the American recognition of the Armenian genocide removed an obstacle for Armenia and Turkey to move forward.
Topic:
Genocide, Human Rights, International Community, and Humanitarian Crisis
Political Geography:
Europe, Turkey, and Armenia

1250. Could Biden construct a new world order through détente with Russia?

Author:
Efraim Inbar
Publication Date:
01-2022
Content Type:
Working Paper
Institution:
Jerusalem Institute for Strategy and Security (JISS)
Abstract:
Such a scenario would give the US a leg up against China’s totalitarianism and expansionist aims, and bridge the age-old schism with Russia
Topic:
Diplomacy, Hegemony, Rivalry, and Strategic Interests
Political Geography:
Russia, China, Europe, Asia, North America, and United States of America