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571. Creating an Enabling Environment for Sustainable Water Infrastructure Financing

Author:
Conor M. Savoy and Janina Staguhn
Publication Date:
05-2022
Content Type:
Commentary and Analysis
Institution:
Center for Strategic and International Studies
Abstract:
Water presents a significant global development challenge as crises over resources and access to clean water are becoming more extreme due to climate change. To reach the most disadvantaged communities in rural areas, adequate infrastructure is going to be integral. It is estimated that water infrastructure will require an additional $22.5 trillion by 2050, and to achieve Sustainable Development Goal (SDG) 6, financing would need to triple to $114 billion per year. As with other forms of infrastructure, water requires more than simply building reservoirs, pipes, and holding tanks. For true sustainable infrastructure, donors and local governments should also invest in support to maintain infrastructure and create a regulatory environment that enables continued improvement. To successfully finance water infrastructure, there must be an understanding of what the current financing landscape looks like and how the United States, its Group of Seven (G7) allies, and multilateral partners should prioritize financing, especially on a local level.
Topic:
Environment, International Cooperation, Water, Infrastructure, and Sustainability
Political Geography:
North America, Global Focus, and United States of America

572. Making Energy Resilient: State Strategies, Progress, and Opportunities

Author:
Morgan Higman
Publication Date:
05-2022
Content Type:
Special Report
Institution:
Center for Strategic and International Studies
Abstract:
Amidst energy transitions and the rising impacts of climate change, resilience is a growing part of state energy strategies. But there is relatively little consolidated information describing what states are doing to build adaptive capacities in the power sector. This report fills this gap. It examines how resilience is addressed in planning and policy resources from a selection of representative states. These resources describe anticipated hazards and vulnerabilities, use-cases for emerging clean energy technologies, and broader efforts to create new resilience institutions and authorities. Though resilience garners considerable policy attention, most state initiatives are not guided by well-defined performance goals or measures or a plan that provides an overarching vision for grid resilience. This paper highlights challenges in these areas and describes new, innovative, and replicable approaches to promote more complete and robust resilience strategies.
Topic:
Climate Change, Energy Policy, Governance, Renewable Energy, Resilience, and Strategic Interests
Political Geography:
Global Focus

573. Taking Stock of Early Warning for Atrocity Prevention: Report from the 2021 Sudikoff Interdisciplinary Seminar on Genocide Prevention

Author:
Mollie Zapata
Publication Date:
02-2022
Content Type:
Special Report
Institution:
Simon-Skjodt Center for the Prevention of Genocide, United States Holocaust Memorial Museum
Abstract:
This report compiles essays from several leading experts who participated in the seminar series. We asked them to reflect on one or more key themes and offer recommendations for research and/or policy initiatives that could help current and future leaders address mass atrocities. The collection of essays comprises diverse perspectives and spans reflections on everything from technical approaches to forecasting to practical recommendations on communicating risk to the overall efficacy of forecasting projects. Quscondy-Mohamed Abdulshafi provides recommendations for how mass atrocity monitoring and preventive interventions can make use of social media-generated big data and artificial intelligence (AI), and suggests the need for a strategic collaboration between social media companies and mass atrocity research institutions. Chiara De Franco discusses warning as persuasion, including the importance of clarity and specificity in the content of the warnings, the relationship between the warners and those expected to act on the warning, and the importance of developing a warning strategy that fits into the “swirl of intelligence” continuously confronting policy makers. Håvard Hegre outlines and weighs the benefits of different prediction targets. He argues that the field should move towards “continuous multi-period incidence” (CMPI) targets to avoid arbitrary coding thresholds, enable models to better use available information, and allow for a more nuanced approach to uncertainty in evaluating and describing results. Victor Okorie addresses the role of researchers in situations where atrocity risk is present, and describes the ethical and logistical challenges of those seeking to conduct research where gatekeepers and conditions demand loyalty to the state. In such circumstances, Okorie argues that researchers are obligated to take on an activist role, portray both victims and perpetrators, and strive for objectivity and reflexivity. Clionadh Raleigh questions the assumption of many early warning and prediction models that more accurate, timely warnings will result in the prevention of conflict. She argues that global models attempt to create consistency across cases where none actually exists, and that projects' focus on catastrophic events misses the need for response to low-level threats. She recommends a revised approach to early warning focused on studying each unique environment. Paul Slovic provides an overview of three psychological mechanisms that impede the impact and effectiveness of early warnings: psychic numbing, pseudoinefficacy, and the prominence effect. He concludes with recommendations for those who have been (or may become) victims of atrocity crimes, government officials, non-governmental organizations (NGOs), and the public.
Topic:
Political Violence, Social Media, Risk, Atrocities, and Monitoring
Political Geography:
Global Focus

574. Boom-bust Cycles Revisited: The Role of Credit Supply

Author:
Hyo Sang Kim, Sangyup Choi, and Yuri Kim
Publication Date:
02-2022
Content Type:
Policy Brief
Institution:
Korea Institute for International Economic Policy (KIEP)
Abstract:
This study investigates the impacts of credit supply on economic growth and financial crisis. Excess credit supply can make the economy and financial markets more vulnerable. While credit supply can drive economic growth by reallocating resources, it can also make the economy and financial markets more fragile. Asset prices sharply fall when deleveraging occurs in the case of a negative shock to the financial or real sector in a system where credit is excessively supplied. Furthermore, economic activity might be substantially reduced, extending the length and breadth of the recession.
Topic:
Markets, Financial Crisis, Economy, Economic Growth, and Credit
Political Geography:
Global Focus

575. Changes, Challenges and Implications of Fiscal and Monetary Policy Directions in the Post Pandemic Era

Author:
Sungbae An
Publication Date:
05-2022
Content Type:
Policy Brief
Institution:
Korea Institute for International Economic Policy (KIEP)
Abstract:
COVID-19 has changed the way of our lives since it started emerging as a pandemic early 2020. The global experience leave a trauma, and eventually work as a main driver to reconsider and improve our system. The need for change becomes even bigger as the pandemic continues beyond initial expectations. With that, we are now entering the era of the great transformation. The brief focuses on examining the policy environment changed by the COVID-19 pandemic and analyzing the points to be considered when implementing future fiscal and monetary policies.
Topic:
Monetary Policy, Economy, Fiscal Policy, Pandemic, and COVID-19
Political Geography:
Global Focus

576. COVID-19 and Global Value Chain

Author:
Hyoungmin Han
Publication Date:
03-2022
Content Type:
Policy Brief
Institution:
Korea Institute for International Economic Policy (KIEP)
Abstract:
The ongoing spread of COVID-19 has increased biological risks from infectious diseases and limits the movement of human and material resources. Various evidence supports that there is a significant correlation between COVID-19 and the globalized production network. This study aims to analyze the changes in the global value chain structure “before and after” the spread of COVID-19 and derive government-level countermeasures and policy tasks using quantitative data, empirical analysis, case study, and corporate survey.
Topic:
Economy, Global Value Chains, and COVID-19
Political Geography:
South Korea and Global Focus

577. Impacts of New International Tax System on Multinational Firms’ FDI

Author:
Sangjun Yea
Publication Date:
04-2022
Content Type:
Policy Brief
Institution:
Korea Institute for International Economic Policy (KIEP)
Abstract:
In this study, I present a theoretical model to quantitatively assess the economics impact of Pillar 1 and Pillar 2, especially focusing on the changes in the FDI patterns of multinational enterprises (MNEs). Pillar 1 offsets the incentives of MNEs' profits-shifting for tax-planning purposes, thereby reducing the inbound FDI into the countries with low corporate income tax rates. Pillar 2 burdens MNEs with 'top-up' taxes attributed from the subsidiaries in low tax countries. As the profits after tax (PAT) of MNEs shrink at the global level, innovation and R&D investment for new products will decrease, and as a result, global FDI flows will hamper.
Topic:
Economics, Foreign Direct Investment, Multinational Corporations, and Tax Systems
Political Geography:
Global Focus

578. Immigrants and COVID-19 Travel Restrictions

Author:
Young-ook Jang
Publication Date:
05-2022
Content Type:
Policy Brief
Institution:
Korea Institute for International Economic Policy (KIEP)
Abstract:
This study attempts to examine the impact of the presence of foreign workers on COVID-19 related border closures. In the countries that are highly dependent on foreign workers, there have been difficulties in supplying labor due to entry restrictions and border closure during the COVID-19 pandemic. The empirical analysis shows that the entry restrictions were passively imposed where the share of immigrant is high. This trend was observed more conspicuously in high-income countries where various policy combinations could be used in addition to entry restrictions. The cost of entry restrictions could be alleviated by placing other measures which are deemed more efficient, including 3T (test, trace/isolate, treatment) strategy and Special Entry Procedure. It is necessary to develop policies to minimize negative effects on immigration and immigrants, while controlling epidemic waves at the same time.
Topic:
Immigration, COVID-19, Travel, and Immigration Policy
Political Geography:
Global Focus

579. The Winding Road to Marrakech: Lessons from the European Negotiations of the Global Compact for Migration

Author:
Lena Kainz and Camille Le Coz
Publication Date:
01-2022
Content Type:
Special Report
Institution:
Migration Policy Institute (MPI)
Abstract:
In the summer of 2018, negotiations of the Global Compact for Safe, Orderly, and Regular Migration suddenly became front-page news, drawing far more attention than nonbinding UN agreements before it. The compact’s proponents argued it would help address transnational issues related to migration, while its opponents alleged it posed a threat to state sovereignty and would lead to an increase in migration to Western countries. Although the European Union was initially one of the driving forces behind the pact, as public demonstrations multiplied, these divisions culminated in the fall of the Belgian government and nine EU Member States voting against the compact or abstaining. This report from MPI's Transatlantic Council on Migration explores how the compact negotiations triggered a multilayered institutional and political crisis in the European Union. It charts how the pact became a proxy for broader debates about how external migration policy is decided within the European Union, especially when doing so touches on multiple policy areas, and about democratic accountability in handling nonbinding international agreements. This analysis, which draws in part on interviews with policymakers from EU institutions and Member States, offers lessons learned for public communications about migration policy and assesses the implications of these events for the European Union’s external migration policy, including its implementation of the compact and role in multilateral migration matters.
Topic:
Development, International Cooperation, International Organization, Migration, Governance, European Union, and Immigration Policy
Political Geography:
Europe and Global Focus

580. Coming Together or Coming Apart? A New Phase of International Cooperation on Migration

Author:
Demetrios G. Papademetriou, Natalia Banulescu-Bogdan, and Kate Hooper
Publication Date:
01-2022
Content Type:
Special Report
Institution:
Migration Policy Institute (MPI)
Abstract:
The global context for international cooperation on migration has shifted in unanticipated ways since the Global Compact for Safe, Orderly, and Regular Migration was adopted in December 2018. The COVID-19 pandemic, in particular, upended the migration status quo. Beginning in March 2020, countries introduced border closures or restrictions that essentially paused most forms of mobility, with significant consequences for migrants, their countries of origin, and destination countries—from stranded populations and reduced remittances, to labor shortages in key industries. While many governments’ responses to the pandemic have been unilateral and inward-looking, these challenges have underscored the importance of pursuing greater coordination on migration and mobility at the bilateral, regional, and multilateral levels. Drawing on three meetings of MPI’s Transatlantic Council on Migration, this Council Statement explores the rationale for deeper cooperation on migration, the obstacles impeding it, and ways forward. It reflects on the trajectory of the Global Compact and its implementation to date, and strategies for reinvigorating international cooperation.
Topic:
International Cooperation, International Organization, Migration, Governance, Law, COVID-19, and Immigration Policy
Political Geography:
Global Focus