Content Type: Working Paper / Topic: Economics

801. Governance Transfer by the Economic Community of West African States (ECOWAS)

Author:: Christof Hartmann
Publication Date:: 02-2014
Content Type:: Working Paper
Institution:: Collaborative Research Center (SFB) 700
Abstract:: In the early 1990s, ECOWAS already committed its member states to standards of democracy and human rights. The organization developed its framework for governance transfer primarily through its 1999 and 2001 protocols in the wake of democratization processes in its member states. Overall standards are more developed in the fields of (liberal) democracy and human rights than in the rule of law and good governance. ECOWAS's instruments for protecting democracy and human rights are far-reaching, allowing for sanctions and military interventions under the so-called 'Mechanism.' By comparison, there are few instruments to actively promote governance standards beyond election observation missions. In practice, ECOWAS has generally reacted to political crises and security threats in its member states with a mixture of diplomatic interventions, fact-finding missions, and (the threat of) sanctions. These measures were mostly carried out by individual member states and only loosely linked to regional rules and procedures.
Topic:: Political Violence, Economics, Human Rights, Regional Cooperation, and Governance
Political Geography:: Africa

802. Governance Transfer by the Organization of American States (OAS)

Author:: Mathis Lohaus
Publication Date:: 03-2014
Content Type:: Working Paper
Institution:: Collaborative Research Center (SFB) 700
Abstract:: This case study examines to which extent the Organization of American States (OAS) engages in governance transfer to its member states. Both the standards and policies prescribed in regional documents as well as their application are analyzed. Historically, the organization has emphasized two areas. Human rights are protected through multiple treaties and a strong regional legal regime. Democracy is protected by strong incentives to avoid coups and supported via different types of assistance, including a long-standing system of election observation. The OAS addresses good governance since the 1990s, particularly with regard to combating corruption and modernizing public management. Provisions concerning the rule of law are addressed in connection with the other standards. After analyzing the framework and measures of governance transfer, this report explores how the observed patterns can be explained and briefly discusses the future prospects for the OAS.
Topic:: Economics, Human Rights, International Cooperation, and Governance
Political Geography:: America, South America, and North America

803. Crying over Spilt Milk: The History of Dairy Supply Management and Its Role in Recent Trade Negotiations

Author:: Bruce Muirhead
Publication Date:: 04-2014
Content Type:: Working Paper
Institution:: Centre for International Governance Innovation
Abstract:: Canada's system of dairy supply management, where domestic supply is matched with domestic demand, has come under fire in recent years, criticized for being a regulated model in an increasingly deregulated world. This background paper explores the historical evolution of dairy in Canada, and why supply management was eventually implemented in the 1960s, bringing rationality and organization to an industry where none had existed before. It also examines the role of international trade negotiations, largely sponsored by the General Agreement on Tariffs and Trade (GATT) and, after 1995, by the World Trade Organization (WTO), in addressing issues of agricultural protectionism and exceptionalism. It was not until the Uruguay Round (1986–1993), however, that agriculture was included in these negotiations, as neither the European Union (and its antecedents) nor the United States demonstrated any interest. While Uruguay was a tentative beginning, the subsequent Doha Round has dissolved over agricultural problems. In all these venues, supply management has been protected by Canadian governments, but rising international pressure has led Canada to begin to reconsider its support, especially as bilateral trade negotiations and partners are unequivocally opposed to dairy supply management.
Topic:: Agriculture, Economics, International Trade and Finance, World Trade Organization, and Bilateral Relations
Political Geography:: Canada and North America

804. Shale gas in Europe: much ado about little?

Author:: Tania Zgajewski
Publication Date:: 04-2014
Content Type:: Working Paper
Institution:: EGMONT - The Royal Institute for International Relations
Abstract:: Shale gas is an unconventional form of gas because its extraction is more difficult or less economical than that of conventional natural gas. It has become an important item of energy policy during the last years since new processes have allowed its extraction. In the medium term, shale gas should foster a reinforcement of the gas part in the world's energy mix. In 2011, the IEA released an influential report entitled "Are we entering a golden age of gas?" This report suggests that shale gas could help substantially boost global gas use. It also warns at the same time that this success could bring into question the international goal of limiting the long-term increase in the global temperature to 2° C above pre-industrial levels.
Topic:: Economics, Energy Policy, Environment, and Human Rights
Political Geography:: Europe

805. Energy moves and power shifts: EU foreign policy and global energy security

Author:: Iana Dreyer and Gerald Stang
Publication Date:: 02-2014
Content Type:: Working Paper
Institution:: European Union Institute for Security Studies
Abstract:: Energy security has climbed the list of EU energy and foreign policy priorities in the last decade. This process was accelerated by the shock of the 2006 and 2009 disruptions in Russian gas supply through Ukraine, and by the new possibilities offered by the Lisbon Treaty. Efforts have been directed at interconnecting national gas and electricity markets, diversifying energy suppliers and promoting rules-based energy trade in the wider European neighbourhood. The EU's primary energy security goals are to reduce the strategic dependence of individual member states on single external suppliers and to ensure that energy markets are liquid, open and functioning according to stable market rules rather than power logics. Yet energy security also needs to be balanced against environmental and economic competitiveness concerns.
Topic:: Economics, Energy Policy, International Trade and Finance, and Border Control
Political Geography:: Russia, Europe, and Ukraine

806. The Revival of the Silk Roads (Land Connectivity) in Asia

Author:: Wai-Mun Chia and Pradumna B. Rana
Publication Date:: 05-2014
Content Type:: Working Paper
Institution:: Centre for Non-Traditional Security Studies, S. Rajaratnam School of International Studies
Abstract:: This paper argues that contrary to popular belief, in the bygone era, there was not one but two Silk Roads in Asia - the Northern and the less well-known South-western Silk Road (SSR). The SSR connected South/Central Asia with southern China and present day Association of Southeast Asian Nations (ASEAN). After enjoying a rich history of around 1,600 years, the Silk Roads went into disrepair. Now, for various economic, security, and political reasons, land connectivity is once again making a comeback in Asia. These include the (i) "Go West" and the recent "New Silk Roads" policies of China; (ii) "Look East" policies of South Asia; (iii) opening of Myanmar, a node between South Asia and East Asia; and (iv) growing importance of supply-chain trade. The focus has, however, been mainly on reviving the Northern Silk Road with relatively few actions being initiated to revive the SSR. Mirroring the on-going efforts in the Greater Mekong Sub-region and the Central Asian region, this paper proposes four economic corridors for Pan-Asian connectivity that is to connect South/Central Asia with southern China and ASEAN. The paper argues that the revival of land connectivity in Asia is making Maritime Asia of the past, more continental-based. One implication is that regional institutions focusing solely on Maritime Asia, such as the Asia Pacific Economic Cooperation (APEC), may be losing some of their relevance vis-à-vis say the more continental-based China-led Shanghai Cooperation Organization. The other is that the influence of the West in Asia's security may be declining relative to that of China, India, and Russia.
Topic:: Economics, International Trade and Finance, and Regional Cooperation
Political Geography:: South Asia, Central Asia, and Asia

807. A Window of Opportunity to Upgrade EU Foreign Policy

Author:: Stefan Lehne
Publication Date:: 05-2014
Content Type:: Working Paper
Institution:: Carnegie Endowment for International Peace
Abstract:: As the financial crisis recedes and the European Union (EU) regains a measure of internal stability, pressure in Europe\'s neighborhood is on the rise. The Ukraine crisis and turmoil in the Middle East and North Africa have elevated foreign policy to the top of the EU\'s agenda. Whether the EU can make its external action more effective will depend in large part on institutional decisions made in 2014—the selection of a new leadership team and the reorganization of the European Commission.
Topic:: Security, Foreign Policy, Economics, Human Rights, and Regional Cooperation
Political Geography:: Europe, Ukraine, Middle East, and North Africa

808. A Case against Taxes and Quotas on High-Skill Emigration

Author:: Michael Clemens
Publication Date:: 05-2014
Content Type:: Working Paper
Institution:: Center for Global Development
Abstract:: Skilled workers have a rising tendency to emigrate from developing countries, raising fears that their departure harms the poor. To mitigate such harm, researchers have proposed a variety of policies designed to tax or restrict high-skill migration. Those policies have been justified as Pigovian regulations to raise efficiency by internalizing externalities, and as non-Pigovian regulations grounded in equity or ethics. This paper challenges both sets of justifications, arguing that Pigovian regulations on skilled emigration are inefficient and non-Pigovian regulations are inequitable and unethical. It concludes by discussing a different class of policy intervention that, in contrast, has the potential to raise welfare.
Topic:: Economics, Human Rights, Human Welfare, Immigration, and Monetary Policy
Political Geography:: India

809. Exports and Capacity Constraints: A smooth transition regression model for six euro-area countries

Author:: Ansgar Belke, Anne Oeking, and Ralph Setzer
Publication Date:: 05-2014
Content Type:: Working Paper
Institution:: Centre for European Policy Studies (CEPS)
Abstract:: The significant gains in export market shares made in a number of vulnerable euro-area crisis countries have not been accompanied by an appropriate improvement in price competitiveness. This paper argues that, under certain conditions, firms consider export activity as a substitute for serving domestic demand. The strength of the link between domestic demand and exports is dependent on capacity constraints. Our econometric model for six euro-area countries suggests domestic demand pressure and capacity-constraint restrictions as additional variables of a properly specified export equation. As an innovation to the literature, we assess the empirical significance through the logistic and the exponential variant of the non-linear smooth transition regression model. We find that domestic demand developments are relevant for the short-run dynamics of exports in particular during more extreme stages of the business cycle. A strong substitutive relationship between domestic and foreign sales can most clearly be found for Spain, Portugal and Italy, providing evidence of the importance of sunk costs and hysteresis in international trade.
Topic:: Economics, Human Rights, International Trade and Finance, and Financial Crisis
Political Geography:: Europe

810. Disappearing government bond spreads in the eurozone — Back to normal?

Author:: Paul De Grauwe and Yuemei Ji
Publication Date:: 05-2014
Content Type:: Working Paper
Institution:: Centre for European Policy Studies (CEPS)
Abstract:: Since the announcement of the Outright Monetary Transactions (OMT) programme by Mario Draghi, President of the ECB, in 2012, the government bond spreads began a strong decline. This paper finds that most of this decline is due to the positive market sentiments that the OMT programme has triggered and is not related to underlying fundamentals, such as the debt-to-GDP ratios or the external debt position that have continued to increase in most countries. The authors even argue that the market's euphoria may have gone too far in taking into account the same market fundamentals. They conclude with some thoughts about the future governance of the OMT programme.
Topic:: Economics, International Trade and Finance, and Markets
Political Geography:: Europe

811. Development: Advancement through International Organizations

Author:: Rohinton Medhora and David Malone
Publication Date:: 05-2014
Content Type:: Working Paper
Institution:: Centre for International Governance Innovation
Abstract:: The familiar world of international organizations principally devoted to development has been upended by two phenomena. First is the emergence of sustained economic success in the developing world (mostly in Asia, but increasingly also in Africa and, in a less spectacular way, Latin America) amid compelling, continuing need among the world's poor. Second, the slow-moving, serious financial and economic crisis of the industrialized world since 2008 has reordered priorities in many of their capitals toward domestic spending and away from costly international projects.
Topic:: Development, Economics, International Cooperation, International Organization, and Financial Crisis
Political Geography:: Africa, Asia, United Nations, and Latin America

812. High Tech: The Next Wave of Chinese Investment in America

Author:: Daniel H. Rosen and Thilo Hanemann
Publication Date:: 04-2014
Content Type:: Working Paper
Institution:: Asia Society
Abstract:: WHILE CHINA STARTED INVESTING AROUND THE WORLD in the early 2000s, the first waves of Chinese overseas investment targeted mostly extractive mining activities in developing countries and resource-rich advanced economies such as Australia and Canada. Over the past five years, however, Chinese capital has begun to flow into non-extractive sectors in advanced economies, increasingly targeting technology- and innovation-intensive industries. Initially, the surge of Chinese outward foreign direct investment (OFDI) in the United States largely responded to opportunities in energy and real estate, but access to technology and innovation is now becoming an important driver. In the first quarter of 2014 alone, Chinese investors announced high-tech deals worth more than $6 billion, including the takeovers of Motorola Mobility, IBM's x86 server unit, and electric carmaker Fisker.
Topic:: Economics, International Trade and Finance, and Foreign Direct Investment
Political Geography:: China, America, Canada, Asia, and Australia

813. A Cosmetic End to Madagascar's Crisis?

Publication Date:: 05-2014
Content Type:: Working Paper
Institution:: International Crisis Group
Abstract:: Madagascar is on the cusp of exiting a five-year political crisis compounded by economic disorder and international isolation. Presidential elections in late 2013 were endorsed as credible following the victory of Hery Rajaonarimampianina. The return to democracy paves the way for renewed international support. However, division entrenched by former President Marc Ravalomanana's exile has polarised the country. The coup regime of Andry Rajoelina was characterised by socio-economic malaise, rampant corruption, institutional decay and the breakdown in the rule of law. The political system, which is the primary obstacle to sustained recovery, needs much more than a cosmetic makeover; fundamental reform is necessary. The African Union, Southern African Development Community and International Support Group for Madagascar must support Rajaonarimampianina's efforts to balance political interests in a marked departure from the traditional winner-take-all approach; reform and strengthening of key democratic institutions; and reform and professionalisation of the security sector.
Topic:: Security, Economics, and Politics
Political Geography:: Africa, South Africa, and Tamil Nadu

814. Baghdad-KRG Negotiations: Closer Than Ever to a Fair Deal

Author:: Michael Knights
Publication Date:: 02-2014
Content Type:: Working Paper
Institution:: The Washington Institute for Near East Policy
Abstract:: Baghdad's promising offer on oil exports and revenues could provide vital breathing room to build a permanent revenue-sharing law, and Washington should encourage the Iraqi Kurds to sign on. On February 16, the Iraqi central government and the Kurdistan Regional Government (KRG) will hold another round of negotiations on oil exports and revenue sharing, the fifth such meeting since December 25. With passage of Iraq's 2014 budget delayed by the talks, all parties have a strong interest in striking a deal. Fortunately, such an agreement now stands a better chance of sticking than ever before.
Topic:: Economics, Treaties and Agreements, and Ethnic Government
Political Geography:: Iraq and Arabia

815. After the Crash: A Perspective on Multilevel European Democracy

Author:: Fritz W. Scharpf
Publication Date:: 12-2014
Content Type:: Working Paper
Institution:: Max Planck Institute for the Study of Societies
Abstract:: At the end of the postwar period, the politically shaped configurations of normatively integrated European political economies differed greatly among “social-market” and “liberal market economies.” Such differences persist even though the characteristic achievements of social market economies have since eroded under the pressures of global capitalism and of European integration. Focusing on European integration from a social-market perspective, there is no question that it has widened the range of individual options. But it has also reduced the capacity of democratic politics to deal with the challenges of global capitalism, and it has contributed to rising social inequality and the erosion of public services and transfers. This paper will first summarize those asymmetries of European integration which have done the most to constrain democratic choices and to shift the balance between capital, labor, and the state by establishing an institutional priority of negative over positive integration and of monetary integration over political and social integration. It will then explain why efforts to democratize European politics will not be able to overcome these institutional asymmetries and why politically feasible reforms will not be able to remove the institutional constraints. The changes that would be required to restore democratic capacities to shape the political economy could only have a chance if present veto positions were to be fundamentally shaken. On the speculative assumption that the aftermath of a deep crisis might indeed create the window of opportunity for a political re-foundation of European integration, the concluding section will outline institutional ground rules that would facilitate democratic political action at both the European and national levels.
Topic:: Economics, Markets, Politics, Labor Issues, Democracy, and Capitalism
Political Geography:: Europe

816. The Socially Responsible Company as a Strategic Second-order Observer: An Indian Case.

Author:: Damien Krichewsky
Publication Date:: 07-2014
Content Type:: Working Paper
Institution:: Max Planck Institute for the Study of Societies
Abstract:: The emergence of Corporate Social Responsibility (CSR) as a global component of business-society relationships has triggered many controversial debates in which CSR is either advocated as a source of virtuous business or disregarded as mere “window dressing.” This paper proposes an alternative perspective on the CSR phenomenon based on N. Luhmann’s social systems theory, which guides a study of CSR in India combining macroscopic observations and the case of the cement manufacturer Lafarge India. The study shows that CSR is not primarily constituted of corporate attempts to “do well by doing good,” as the CSR doxa suggests. However, the phenomenon generates significant transformations of business-society relationships. While increasing financial expectations tend to blunt large companies’ sensitivity toward competing societal expectations, other social systems react with protest movements and political interventions. Companies respond to the perceived threat of these uncertainties by introducing new CSR-related organizational structures, which improve their ability to observe the uncertainties as parameters of economic risks. Companies subsequently mobilize calculated CSR-related practices to shield business opportunities from the possible negative consequences of sociopolitical constraints. The analytical framework outlined in the present paper introduces new angles for studying how the CSR phenomenon proceeds from and transforms the way social systems observe and regulate the role of companies in society.
Topic:: Economics, Markets, Politics, Sociology, and Business
Political Geography:: India

817. Creative Success and Network Embeddedness: Explaining Critical Recognition of Film Directors in Hollywood, 1900–2010

Author:: Mark Lutter
Publication Date:: 07-2014
Content Type:: Working Paper
Institution:: Max Planck Institute for the Study of Societies
Abstract:: This article analyzes how social network structures affect career success in a project based labor market. The literature on team success has shown that teams perform well if they integrate both weak and strong ties simultaneously. Applying the literature to careers in the creative industries, the study suggests that creative artists are more likely to receive critical recognition if they build their careers in both familiar project networks and heterogeneous sets of creative conventions. It is argued that familiarity and diversity operate as complementary elements in the development of innovative ideas. While diversity is important to maximize the flow of new ideas, it needs to be embedded within trustworthy and familiar network structures in order to fully develop its creative potential. The suggested mechanism is tested by means of full career data of 55,097 film directors, covering 478,859 directing jobs in 330,142 film productions during the years 1900–2010. It is shown that familiarity and diversity explain a considerable part of a director’s critical success. Results from interaction effects show that diversity has greater effects on critical success if it is socially embedded within familiar social structures. The article contributes to the emerging understanding of the role of group processes and network structures in explaining individual career success.
Topic:: Economics, Human Welfare, Markets, and Labor Issues
Political Geography:: United States of America

818. Wine as a Cultural Product: Symbolic Capital and Price Formation in the Wine Field.

Author:: Jens Beckert, Jörg Rössel, and Patrick Schenck
Publication Date:: 03-2014
Content Type:: Working Paper
Institution:: Max Planck Institute for the Study of Societies
Abstract:: Understanding the valuation of goods in markets has become one of the key topics in economic sociology in recent years. Especially in markets for goods that are valued for their aesthetic qualities, the ascription of value appears to be a complex social process because product quality is highly uncertain. The wine market is an extraordinary example because most consumers and even experts are not able to differentiate between wines based on objective sensory characteristics and cannot rank wines in blind tastings according to their price. Our premise is that assessed quality differences cannot be explained by the sensual qualities of the wine. Instead, we explain variations in valuation by social processes in which quality is constructed and contested. To do so we make use of Bourdieu’s field theoretical perspective, which is strongly supported in our empirical analysis of the German wine field. It shows that his model of the structure of fields has considerable power in explaining price differentiation between wineries and that the orientation of consumers towards different segments of the field is based on class hierarchy.
Topic:: Economics, International Trade and Finance, Markets, Food, and Sociology
Political Geography:: Global Focus

819. No Exit from the Euro-rescuing Trap?

Author:: Fritz W. Scharpf
Publication Date:: 03-2014
Content Type:: Working Paper
Institution:: Max Planck Institute for the Study of Societies
Abstract:: This paper attempts a normative assessment of the input and output-oriented legitimacy of the present euro-rescuing regime on the basis of policy analyses examining the causes of present crises, the available policy options, and the impact of the policies actually chosen. Concluding that the regime lacks input-oriented legitimacy and that its claim to output-oriented legitimacy is ambivalent at best, the paper explores potential – majoritarian or unilateral – exits from the present institutional constellation that is characterized by the synthesis of a non-democratic expertocracy and an extremely asymmetric intergovernmental bargaining system.
Topic:: Economics, Politics, Financial Crisis, and Democracy
Political Geography:: Europe

820. Challenging Varieties of Capitalism's Account of Business Interests: The New Social Market Initiative and German Employers' Quest for Liberalization, 2000–2014

Author:: Daniel Kinderman
Publication Date:: 11-2014
Content Type:: Working Paper
Institution:: Max Planck Institute for the Study of Societies
Abstract:: Do employers in coordinated market economies (CME’s) actively defend the non-liberal, market-constraining institutions upon which their strategic coordination and competitive success depends? This paper revisits the debate over firms’ employer preferences with an in-depth examination of employers in Germany – a paradigmatic CME and crucial “test case” for Varieties of Capitalism. It is based on interviews with key officials and an in-depth examination of a large-scale campaign – the New Social Market Initiative or INMS – founded and funded by German metalworking employers to shape public opinion. The paper argues that German employers have a strong preference for liberalization: they have pushed hard for the liberalization of labor markets, the reduction of government expenditures, the expansion of market-oriented freedoms, and cuts to social protection, employment protection and benefit entitlements. I find no empirical support for the claim that the INSM is an attempt to appease discontented firms within employers’ associations. On the contrary: for many employers, the Agenda 2010 reforms did not go far enough. Following the discrediting of the Anglo-American model in the financial crisis, far-reaching concessions by employees, and the unexpected revitalization of the German economy, employers have moderated their demands – but liberalization remains their default preference. This paper also addresses the role of ideas and the conditions under which employer campaigns can influence policy.
Topic:: Economics, Markets, Labor Issues, and Capitalism
Political Geography:: Europe and Germany

821. Monetary Disunion: The Domestic Politics of Euroland

Author:: W. Streeck and L. Elsässer
Publication Date:: 10-2014
Content Type:: Working Paper
Institution:: Max Planck Institute for the Study of Societies
Abstract:: Regional disparities within the European Union have always been perceived as an impediment to monetary integration. This is why discussions on a joint currency, from their very beginning, were linked to compensatory payments in the form of regional policy payments. Structural assistance to poor regions and member states increased sharply at the end of the 1980s. Today, however, fiscal support has to be shared with the new member states in the East. Moreover, due to the financial crisis, the cheap credit that poor EMU member countries enjoyed as a result of interest rate convergence is no longer available. We predict that in the future, some sort of financial aid will have to be provided by rich member countries to poor ones, if only to prevent a further increase in economic disparities and related political instability. We also expect long-lasting distributional conflict between payer and recipient countries far beyond current rescue packages, together with disagreement on the extent of aid required and the political control to be conceded by receiving countries to giving countries. We illustrate the dimension of the distributional conflict by comparing income gaps and relative population size between the center and the periphery of Europe on the one hand and on the other, between rich and poor regions in two European nation-states characterized by large regional disparities, Germany and Italy. While income gaps and population structures are similar in the two countries to those between Northern Europe and the Mediterranean periphery, regional redistribution is much more extensive in the two nation-states. We conclude that this presages a difficult future for the domestic politics of Euroland.
Topic:: Economics, Politics, Financial Crisis, and European Union
Political Geography:: Europe

822. Capitalist Dynamics: Fictional Expectations and the Openness of the Future.

Author:: Jens Beckert
Publication Date:: 03-2014
Content Type:: Working Paper
Institution:: Max Planck Institute for the Study of Societies
Abstract:: Capitalism is an economic and social order oriented toward the future. In this paper, I describe the unfolding of the temporal order of capitalism and relate it to the restless dynamism of capitalism we have observed since the Industrial Revolution. Since the future is open, actors are confronted with the uncertainty of the outcomes of their decisions. What can expectations be under conditions of uncertainty? To answer this question, I introduce the notion of fictional expectations which can be used to describe decisions made under conditions of an open and uncertain future. In the paper’s penultimate section, I apply the concept of fictional expectations to the analysis of four crucial processes of capitalism: money and credit, investments, innovation, and consumption. The main thrust of the paper is that in order to understand economic action in capitalism, actors’ perceptions of the future need to take center stage. Not only “history matters,” but also the “future matters.”
Topic:: Economics, Markets, Socialism/Marxism, Social Movement, and Capitalism
Political Geography:: Global Focus

823. Europe Meets Asia: The Transnational Construction of Access and Voice from Below

Author:: Sabrina Zajak
Publication Date:: 02-2014
Content Type:: Working Paper
Institution:: Max Planck Institute for the Study of Societies
Abstract:: This paper contributes to the debate on the role of democratic participation in complex systems of governance. It takes a process-oriented constructivist approach asking how transnational activism over time contributes to the construction of access and voice from below and uses the Asia-Europe Meetings (ASEM) to analyze how interactions between civil society and global governance institutions shape concrete forms of participation. The paper shows that transnational activism triggers both discursive and institutional changes within the official ASEM process leading to an informal, fragmented, and fragile institutionalization of civil society participation. However, the paper reveals a division between civil society organizations with some, such as business representatives, having preferential access and voice in comparison to more contentious organizations. The paper explains this fragmented form of democratization as the result of three interrelated processes: the particular history and economic origins of the ASEM; international developments particularly in the ongoing economic crisis; and domestic developments within individual countries (in particular China) which have begun to favor controlled access for civil society participation.
Topic:: Civil Society, Democratization, Economics, History, Governance, and Developments
Political Geography:: Europe and Asia

824. Post-2015 Means of Implementation: What Sort of Global Partnership?

Author:: Alex Evans
Publication Date:: 12-2014
Content Type:: Working Paper
Institution:: Max Planck Institute for the Study of Societies
Abstract:: Until recently, 95% of the bandwidth for talking and thinking about the post-2015 agenda was focused on goals and targets. Now that the Open Working Group (OWG) on the post- 2015 agenda has reported, though, policymakers and opinion formers are starting to think more seriously about the ‘how’ as opposed to the ‘what’ – and what a new Global Partnership on development, as well as the overall political outcome on means of implementation (MOI) more broadly, might look like by the end of next year.
Topic:: Development, Economics, Politics, and Sustainable Development Goals
Political Geography:: Global Focus

825. The EU regime on biofuels in transport: Still in search of sustainability

Author:: Tania Zgajewski
Publication Date:: 08-2014
Content Type:: Working Paper
Institution:: EGMONT - The Royal Institute for International Relations
Abstract:: Like other regions of the world, the EU is developing biofuels in the transport sector to reduce oil consumption and mitigate climate change. To promote them, it has adopted favourable legislation since the 2000s. In 2009 it even decided to oblige each Member State to ensure that by 2020 the share of energy coming from renewable sources reached at least 10% of their final consumption of energy in the transport sector. Biofuels are considered the main instrument to reach that percentage since the development of other alternatives (such as hydrogen and electricity) will take much longer than expected.
Topic:: Climate Change, Economics, Energy Policy, Environment, and Biofuels
Political Geography:: Europe

826. Industrial policy in the EU: A guide to an elusive concept

Author:: Xavier Vanden Bosch
Publication Date:: 09-2014
Content Type:: Working Paper
Institution:: EGMONT - The Royal Institute for International Relations
Abstract:: Despite renewed interest in an EU industrial policy, the concept remains particularly elusive because it has no universal definition. This paper relies on a broad and inclusive definition of industrial policy proposed by Warwick (in an OECD working paper) to provide a clearer picture of what the concept encompasses when applied to the EU. It therefore includes an original visual taxonomy of the EU policies that constitute industrial policy. It can serve as a guiding framework for reflecting on industrial policy in the EU.
Topic:: Economics, Industrial Policy, Political Economy, and Governance
Political Geography:: Europe

827. Labour Market Reforms and Current Account Imbalances: Beggar-thy-neighbour policies in a currency union?

Author:: Ansgar Belke and Timo Baas
Publication Date:: 09-2014
Content Type:: Working Paper
Institution:: Centre for European Policy Studies (CEPS)
Abstract:: Member countries of the Economic and Monetary Union (EMU) initiated wide-ranging labour market reforms in the last decade. This process is ongoing as countries that are faced with serious labour market imbalances perceive reforms as the fastest way to restore competitiveness within a currency union. This fosters fears among observers about a beggar-thy-neighbour policy that leaves non-reforming countries with a loss in competitiveness and an increase in foreign debt. Using a two-country, two-sector search and matching DSGE model, we analyse the impact of labour market reforms on the transmission of macroeconomic shocks in both non-reforming and reforming countries. By analysing the impact of reforms on foreign debt, we contribute to the debate on whether labour market reforms increase or reduce current account imbalances.
Topic:: Debt, Economics, Politics, Labor Issues, and Reform

828. Margins, Gravity, and Causality: Export Diversification and Income Levels Reconsidered

Author:: Karsten Mau
Publication Date:: 07-2014
Content Type:: Working Paper
Institution:: German Institute of Global and Area Studies
Abstract:: The paper shows that the relationship between GDP per capita and levels of specialization can be predicted differently depending on whether the intensive or the extensive margin is considered. It shows that at the extensive margin countries continuously diversify their exports and that cross-sectional patterns can be captured well by a gravity equation. Prior studies documenting nonmonotone patterns with respecialization appear to have obtained their results from sample-selection bias, the omitted log-transformation of the income variable, and the neglect of control variables. Furthermore, results from dynamic panel analyses (system GMM) suggest that causality goes in both directions, with income having a contemporaneous impact on diversification, while the feedback effect of diversification on GDP per capita may be delayed. This pattern fits into theoretical rationales that view diversification as driven by technology or efficiency and where diversification generates additional revenues as it proves to be persistent.
Topic:: Economics, International Political Economy, International Trade and Finance, and Science and Technology

829. Pakistan and Afghanistan: International Indicators of Progress

Author:: Anthony H. Cordesman
Publication Date:: 08-2014
Content Type:: Working Paper
Institution:: Center for Strategic and International Studies
Abstract:: It is unclear that the United States has any current assessments and strategy to deal with either these governance or economic issues. If it does, it has provided no transparency as to what these plans are, and has failed to develop any effective public measures of the effectiveness of its civil aid programs after more than 10 years of effort, and in spite of the fact that the civil dimension of counterinsurgency efforts is at least as important as the military efforts. It is also important to note that World Bank and UN reporting show the same lack of progress in governance, economics, and human development in Pakistan as in Afghanistan.
Topic:: Economics, Politics, and World Bank
Political Geography:: Pakistan, Afghanistan, United States, and India

830. Opportunities in the Development of Pakistan's Private Sector

Author:: Sadika Hameed
Publication Date:: 09-2014
Content Type:: Working Paper
Institution:: Center for Strategic and International Studies
Abstract:: Relations between the United States and Pakistan have begun to improve after several years of heightened tensions. Yet many challenges remain. Among them is how to improve Pakistan's economy. Its economic crisis is one of the main sources of its internal tensions, but multiple opportunities exist to improve its economic performance. The policy debate in the United States, however, is still dominated by a focus on terrorism and extremism. While Pakistan's stability is a natural concern for the United States, focusing primarily on security issues limits the options for improving stability.
Topic:: International Relations, Security, and Economics
Political Geography:: Pakistan and United States

831. The reverse home market effect in exports: A cross-country study of the extensive margin of exports

Author:: Medin Hege
Publication Date:: 01-2014
Content Type:: Working Paper
Institution:: Norwegian Institute of International Affairs
Abstract:: This paper presents a simple new trade theory model with results that contradict those from standard model. A home market effect in domestic sales of manufactured goods is found to co-exist with a reversed home market effect in exports of manufactured goods. In consequence, for a small country the number of manufacturing firms that sell in the domestic market is lower than proportional whereas the number of exporters is higher than proportional to country size. The proportion of firms that export, decreases with relative size of the home market. Empirical support for the latter prediction is found in a cross-sectional dataset on firm level exports for 116 countries.
Topic:: International Relations, Economics, International Political Economy, and International Trade and Finance

832. Regional Trade Agreements in East Asia

Author:: Innwon Park
Publication Date:: 03-2014
Content Type:: Working Paper
Institution:: Norwegian Institute of International Affairs
Abstract:: Both intra - and inter-regional trade agreements are proliferating in East Asia. Deepening regional interdependence through trade and investment, and the necessity for stability and revitalization of the regional economy since the East Asian financial crisis in the late 1990s led the East Asian countries to adopt discriminatory RTAs. Accordingly, East Asian commercial policy stance has shifted from unilateral to bilateral to mega-lateral liberalization. This report attempts to assess the East Asian countries' efforts to liberalize the regional market by cooperating with each other. We investigate (i) why RTAs have been proliferating in East Asia, (ii) what the main characteristics of East Asian RTAs are, (iii) whether the East Asian countries are natural trading partners for each other to enhance welfare gains from RTAs, and (iv) whither East Asian RTAs. From our analysis, we recommend following policy options. First, East Asian RTAs should follow an expansionary RTA path (for example, AFTA and five ASEAN+1 FTAs → RCEP and/or TPP → FTAAP). Second, as we consider the high dependence on external economies through global trade and investment, East Asia needs to cooperate with major external trading partners by forming cross-regional RTAs with the EU and US. Third, in order to enable East Asian economies to take the more desirable expansionary RTA path, harmonizing or simplifying ROO, the cumulation of value contents among the RTA members in East Asia, and enhancing trade facilitation should be a prerequisite considering the complicated web of RTAs, regional production networks, and the consolidation of the FTAAP.
Topic:: Economics, International Trade and Finance, and Regional Cooperation
Political Geography:: East Asia and Asia

833. The governance of global value chains for live butterflies

Author:: Rich Karl, Magda Rich, and P.G. Chengappa
Publication Date:: 03-2014
Content Type:: Working Paper
Institution:: Norwegian Institute of International Affairs
Abstract:: Despite estimates that the global butterfly trade generates over US$100 million annually in sales of pupae for exhibitions and deadstock for a range of collector and artisanal uses, almost no research has been conducted that unpacks the dynamics of these value chains. This paper remedies this gap by highlighting the governance structure of the value chain, with important implications on the benefits for chain participants, upgrading strategies, sectoral sustainability, and the potential for new market entrants. This research on live butterfly chains reveals the fragility of current modes of economic organization that promote overproduction as threatening the long-term viability for the industry as a whole. The authors propose an alternative governance model based on the use of individually transferrable quotas, or ITQs, as a means of improving the performance of certain butterfly value chains.
Topic:: Economics, Government, International Trade and Finance, and Governance

834. Improving livelihoods through conservation and education

Author:: Rich Karl, Magda Rich, Ganga Changappa, and Babu Raghavan
Publication Date:: 03-2014
Content Type:: Working Paper
Institution:: Norwegian Institute of International Affairs
Abstract:: In many parts of the developing world, those with physical or mental handicaps are often considered to be a burden on society, with limited to no remunerative activities available in the workforce. Activities such as butterfly farming, which require precision and attention to detail, are potentially relevant for disadvantaged groups as a source of livelihoods. At the same time, such activities can be integrated with community-led conservation efforts as well. We provide a case study of the development of a butterfly garden at the Swastha Centre for Special Education and Rehabilitation in the Kodagu area of Coorg, a region in the state of Karnataka in India through which conservation-based activities are integrated with special education in a manner than builds skills, improves livelihoods, and serves as an important resource for environmental education. Our case demonstrates a scalable means by which butterflies can be used to educate, improve the environment, and offer livelihoods to the disadvantaged in a country where such opportunities are greatly needed.
Topic:: Economics, Education, Environment, and Governance
Political Geography:: India and Karnataka

835. Sustainability Coffee Certification in India

Author:: Rich Karl, Magda Rich, P.G. Chengappa, Arun Muniyappa, Yadava C.G, Ganashruthi M.K., Pradeepa Babu B.N., and Shubha Y.C.
Publication Date:: 03-2014
Content Type:: Working Paper
Institution:: Norwegian Institute of International Affairs
Abstract:: Certification programs has been employed in many agricultural products as a means to encourage and communicate compliance with standards associated with various attributes, such as organic, fair-trade, GMO free, and eco-friendly, among others. Such programs further seek to provide added value, through a price premium, to producers and supply chain actors associated with the label. In this paper, we review a number of global labeling and certification programs that could add value for coffee farms in India through the promotion of conservation and environmental protection. We provide results from a survey conducted on a sample of coffee farms in Coorg district, India to assess their awareness and perceptions related towards certified coffee and environmental conservation in general. Survey results illustrate strong positive associations with the environment by coffee planters, particularly among certified and organic producers. However, price premiums for certified and organic coffee are relatively small. While the potential of conservation-oriented certification for coffee in Coorg could be relatively limited outside of a few individual-level niches, branding Coorg more generally as a conservation-oriented region could hold promise, leveraging and personalizing the uniqueness of the natural offerings from Coorg and tapping into burgeoning associations with place and region in India.
Topic:: Agriculture, Economics, Environment, and International Trade and Finance
Political Geography:: India

836. Promoting conservation in India by greening coffee

Author:: Magda Rich, P.G. Chengappa, Arun Muniyappa, Pradeepa Babu B.N., Karl M. Rich, and Yadava C.G.
Publication Date:: 03-2014
Content Type:: Working Paper
Institution:: Norwegian Institute of International Affairs
Abstract:: The Indian coffee sector is at an important transition point, increasingly stuck in the middle between quality and value segments of the market. A potential niche for India is in the development of eco-friendly (green) coffees, leveraging the natural environment and biodiversity present in many regions. In this study, we conducted a value chain assessment of the coffee sector in Coorg, a major production area in India, to identify the potential entry points and constraints to a conservation-oriented strategy of upgrading. The results highlight that coffee value chains in Coorg are fragmented and largely uncoordinated, with innovative upgrading efforts largely individually motivated. This suggests that integrating conservation principles in a broad-based branding strategy could be difficult at the level of the chain without institutional support or the entry of chain champions. On the other hand, integrating conservation as a diversification activity e.g. through the development of butterfly gardens for tourism, could provide a low-cost way of adding value for farmers while promoting good environmental stewardship.
Topic:: Economics, Environment, and Biosecurity
Political Geography:: India

837. New trade theory: implications for industrial policy

Author:: Medin Hege
Publication Date:: 04-2014
Content Type:: Working Paper
Institution:: Norwegian Institute of International Affairs
Abstract:: The new trade theory, which emerged in the early 1980s, emphasised economies of scale and market failures as driving forces behind international trade. As opposed to the earlier theory, which mainly assumed perfect competition, the new trade theory provided a rationale for industrial policy. This article shows how industrial policy targeting specific firms or industries may be socially desirable within the new trade theory framework. Models from new economic geography and the more recent 'new' new trade theory with heterogeneous firms are also discussed. The main focus is put on models with pecuniary externalities.
Topic:: Economics, International Cooperation, International Trade and Finance, Political Economy, and Politics

838. A Political Economy of Slum Spaces: Mathare Valley

Author:: Tiberius Barasa and Andvig Jens Chr
Publication Date:: 07-2014
Content Type:: Working Paper
Institution:: Norwegian Institute of International Affairs
Abstract:: The starting point of the paper is the spatial characteristics of slums when it seeks to explain why rulers tend to neglect the welfare of their dwellers: they don't have to. Their economies are fairly closed. While located close to the centers of power, their high population density implies that they cover small space and are easy to cordon off in case of danger. The ease of control from the outside allows rulers to spend less attention to the control of their complex inside. Particularly when a slum is based on shack architecture, the high degree of mutual monitoring among dwellers may cause sharp shifts in the control regime of crime. The emphasis on spatial configurations motivates the focus on one specific slum: Mathare Valley. Paths back to colonial rule are outlined. The paper is stylistically unkempt.
Topic:: Economics, Human Rights, Human Welfare, and Politics
Political Geography:: Europe and Eastern Europe

839. The Governance of Global Wealth Chains

Author:: Leonard Seabrooke and Duncan Wigan
Publication Date:: 08-2014
Content Type:: Working Paper
Institution:: Norwegian Institute of International Affairs
Abstract:: This working paper creates a theoretical framework to explain how Global Wealth Chains are created, maintained, and governed. We draw upon different strands of literature, including scholarship in international political economy and economic geography on Global Value Chains, literature on finance and law in institutional economics, and work from economic sociology on network dynamics within markets. This scholarship assists us in highlighting three variables in how Global Wealth Chains are articulated and change according to: (1) the complexity of transactions, (2) regulatory liability and (3) innovation capacities among suppliers of products used in wealth chains. We then differentiate five types of global value chain governance - market, modular, relational, captive, and hierarchy - which range from simple 'off shelf' products shielded from regulators by advantageous international tax laws to highly complex and flexible innovative financial products produced by large financial institutions and corporations. This paper highlights how Global Wealth Chains intersect with value chains and real economies, and provides three brief case studies on offshore shell companies, family property trusts, and global-scale corporate tax avoidance.
Topic:: Economics, International Cooperation, Politics, and Governance

840. North America Time for a New Focus

Author:: Shannon K. O'Neil
Publication Date:: 10-2014
Content Type:: Working Paper
Institution:: Council on Foreign Relations
Abstract:: North America was once called the New World. The people, their ideas, and the resources of the continent shaped the histories of the Old World—East and West. Today, North America is home to almost five hundred million people living in three vibrant democracies. If the three North American countries deepen their integration and cooperation, they have the potential to again shape world affairs for gen-erations to come.
Topic:: Security, Economics, Energy Policy, and International Trade and Finance
Political Geography:: United States and America

841. Women's Economic Leadership in Asia: A review of WEL programming

Author:: Bowman Kimberly
Publication Date:: 09-2014
Content Type:: Working Paper
Institution:: Oxfam Publishing
Abstract:: This report summarizes an internal review of Women‟s Economic Leadership (WEL) programming in Asia. Conducted by an internal MEL advisor in 2013–2014, the review draws upon project documentation, evaluation reports, site visits and staff and partner interviews to try and reflect how WEL programming is being implemented by Oxfam and partners in Asia. Part of a formative evaluation activity, the report aims to help gather and consolidate good practice, based on what Oxfam project teams and partners have learned through recent experience and evaluation. There are at least four distinct topics covered in this report that may be of specific interest to readers.
Topic:: Economics, Gender Issues, and Sociology
Political Geography:: Asia

842. Ressourcensegen – Ressourcenfluch? Fallstudie der entwicklungspolitischen Chancen und Risiken des Ressourcenbooms in der Mongolei

Author:: Paul Kriews
Publication Date:: 07-2014
Content Type:: Working Paper
Institution:: Institute for Development and Peace
Abstract:: Natural resources play a significant role for a country's development: The beneficial dynamics of a prosperous commodity sector have therefore long been considered as a key factor for a country's positive economic development. Paradoxically, however, one can observe frequently in resource-rich countries that the commodity sector has no positive effect, but rather fatal implications for a country's development. The assumption that resource-rich countries use their wealth for the advancement of sustainable development appears to be incomplete. This paper identifies the basic problems and dangers associated with resource wealth; possible options for action are identified and traced, using the example of Mongolia. The central question is whether Mongolia can escape the so-called resource curse. In this paper, a set of criteria is used, to elaborate whether the necessary conditions for a responsible use of the existing resource wealth in Mongolia are given.
Topic:: Economics, Environment, Natural Resources, and Governance

843. Democratization and Instability in Ukraine, Georgia, and Belarus

Author:: Robert Nalbandov
Publication Date:: 06-2014
Content Type:: Working Paper
Institution:: The Strategic Studies Institute of the U.S. Army War College
Abstract:: This monograph analyzes the interconnections between the democratic institutionalization of the newly independent states of Ukraine, Georgia, and Belarus, their political (in)stability, and economic development and prosperity. By introducing the concept of regime mimicry into the field of public administration, this monograph extends the epistemological frameworks of the democratization school to the phenomenon of political culture. Successes and failures of the democratic institutionalization processes in these countries largely depend on the ways their institutional actors reacted to internal and external disturbances of their domestic political, econmic, and cultural environments. While Georgia's political culture revealed the highest degree of flexibility in accepting the externally-proposed institutional frameworks and practices, the bifurcate political culture in Ukraine impeded its democratic institutionalization, while the rigid political culture in Belarus completely stalled the process of institutional transformations.
Topic:: Democratization, Development, and Economics
Political Geography:: Ukraine, Asia, Georgia, and Belarus

844. Resetting Pakistan's Relations with Afghanistan

Publication Date:: 10-2014
Content Type:: Working Paper
Institution:: International Crisis Group
Abstract:: Pakistan's relations with Afghanistan have been largely characterised by mutual mistrust and devised through a narrow security prism. While it will require considerable effort to end deep-seated animosity, both countries share close ethnic, linguistic, religious and economic ties. Longstanding Afghan migration to the territories that now compose Pakistan makes them an integral part of Pakistani society. Yet, military-devised interventionist policies, based on perceived national security interests, including support for Afghan, mainly Pashtun, proxies, have marred the relationship. The incoming Afghan President Ashraf Ghani Ahmadzai has offered to expand bilateral ties, providing Islamabad fresh opportunities to improve the relationship. Prime Minister Nawaz Sharif has responded positively, but the Pakistani military and civilian leadership's preferences toward Kabul are diverging further as Afghanistan's transition draws closer. By recalibrating relations toward economic ties and seeking solutions to the presence of millions of Afghan refugees on its soil, Pakistan could engage more constructively with its neighbour.
Topic:: Conflict Resolution, Economics, Islam, and Bilateral Relations
Political Geography:: Pakistan, Afghanistan, South Asia, and Central Asia

845. Even it Up: Time to end extreme inequality

Author:: Emma Seery and Ana Arendar
Publication Date:: 10-2014
Content Type:: Working Paper
Institution:: Oxfam Publishing
Abstract:: Nthabiseng was born to a poor black family in Limpopo, a rural area in South Africa. On the same day, Pieter was born nearby in a rich suburb of Cape Town. Nthabiseng's mother had no formal schooling and her father is unemployed, whereas Pieter's parents both completed university education at Stellenbosch University and have well-paid jobs.
Topic:: Corruption, Economics, Gender Issues, and Social Stratification
Political Geography:: South Africa

846. Versailles Redux? Eurozone Competitiveness in a Dynamic Balassa-Samuelson-Penn Framework

Author:: Arvind Subramanian and Kevin Stahler
Publication Date:: 11-2014
Content Type:: Working Paper
Institution:: Peterson Institute for International Economics
Abstract:: Prima facie, competitiveness adjustments in the eurozone, based on unit labor cost developments, appear sensible and in line with what the economic analyst might have predicted and the economic doctor might have ordered. But a broader and arguably better—Balassa-Samuelson-Penn (BSP)—framework for analyzing these adjustments paints a very different picture. Taking advantage of the newly released PPP-based estimates of the International Comparison Program (2011), we identify a causal BSP relationship. We apply this framework to computing more appropriate measures of real competitiveness changes in Europe and other advanced economies in the aftermath of the recent global crises. There has been a deterioration, not improvement, in competitiveness in the periphery countries between 2007 and 2013. Second, the pattern of adjustment within the eurozone has been dramatically perverse, with Germany having improved competitiveness by 9 percent and with Greece's having deteriorated by 9 percent. Third, real competitiveness changes are strongly correlated with nominal exchange rate changes, which suggests the importance of having a flexible (and preferably independent) currency for effecting external adjustments. Fourth, internal devaluation—defined as real competitiveness improvements in excess of nominal exchange rate changes—is possible but seems limited in scope and magnitude. Our results are robust to adjusting the BSP framework to take account of the special circumstances of countries experiencing unemployment. Even if we ignore the BSP effect, the broad pattern of limited and lopsided adjustment in the eurozone remains.
Topic:: Economics, Industrial Policy, International Trade and Finance, Monetary Policy, and Financial Crisis
Political Geography:: Europe

847. Official Financial Flows, Capital Mobility, and Global Imbalances

Author:: Joseph E. Gagnon, Tamim Bayoumi, and Christian Saborowski
Publication Date:: 10-2014
Content Type:: Working Paper
Institution:: Peterson Institute for International Economics
Abstract:: We use a cross-country panel framework to analyze the effect of net official flows (chiefly foreign exchange intervention) on current accounts. We find that net official flows have a large but plausible effect on current account balances. The estimated effects are larger with instrumental variables (42 cents to the dollar on average compared with 24 without instruments), reflecting a possible downward bias in regressions without instruments owing to an endogenous response of net official flows to private financial flows. We consistently find larger impacts of net official flows when international capital flows are restricted and smaller impacts when capital is highly mobile. A further result is that there is an important positive effect of lagged net official flows on current accounts that we believe operates through the portfolio balance channel.
Topic:: Economics, Foreign Exchange, and Monetary Policy

848. Wages and Labor Market Slack: Making the Dual Mandate Operational

Author:: Adam S. Posen and David G. Blanchflower
Publication Date:: 09-2014
Content Type:: Working Paper
Institution:: Oxfam Publishing
Abstract:: In this paper we examine the impact of rises in inactivity on wages in the US economy and find evidence of a statistically significant negative effect. These nonparticipants exert additional downward pressure on wages over and above the impact of the unemployment rate itself. This pattern holds across recent decades in the US data, and the relationship strengthens in recent years when variation in participation increases. We also examine the impact of long-term unemployment on wages and find it has no different effect from that of short-term unemployment. Our analysis provides strong empirical support, we argue, for the assessment that continuing labor market slack is a key reason for the persistent shortfall in inflation relative to the Federal Open Market Committee's (FOMC) 2 percent inflation goal. Further, we suggest our results point towards using wage inflation as an additional intermediate target for monetary policy by the FOMC.
Topic:: Economics, Markets, and Labor Issues
Political Geography:: United States and Middle East

849. China's Debt Dilemma: Deleveraging While Generating Growth

Author:: Yukon Huang and Canyon Bosler
Publication Date:: 09-2014
Content Type:: Working Paper
Institution:: Carnegie Endowment for International Peace
Abstract:: Much of the media coverage of China's economy suggests that the country is headed for a financial crisis. China's mountain of debt is decried, local government finances are labeled menacing, and a property bubble is called disastrous. But this picture is misleading. While China has serious debt problems, with prudent macroeconomic policies and productivity-enhancing structural reforms, the challenges should be manageable if underlying fiscal issues and growth-related reforms are addressed.
Topic:: Debt, Economics, and Reform
Political Geography:: China and East Asia

850. The Trans-Atlantic Trade and Investment Partnership:European Disintegration, Unemployment and Instability

Author:: Jeronim Capaldo
Publication Date:: 10-2014
Content Type:: Working Paper
Institution:: Global Development and Environment Institute at Tufts University
Abstract:: According to its proponents, the Trans-Atlantic Trade and Investment Partnership will stimulate growth in Europe and in the US. Projections endorsed by the European Commission point to positive, although negligible, gains in terms of GDP and personal incomes. In a paradox, these projections also show that any gains in Trans-Atlantic trade would happen at the expense of intra-EU trade reversing the process of European economic integration. Furthermore, recent literature has pointed out several problems in the most influential assessment of the TTIP's effects. Projections by different institutions have been shown to rely on the same Computable General Equilibrium model that has proven inadequate as a tool for trade policy analysis. In this paper we assess the effects of TTIP using the United Nations Global Policy Model, which incorporates more sensible assumptions on macroeconomic adjustment, employment dynamics, and global trade. We project that TTIP will lead to a contraction of GDP, personal incomes and employment. We also project an increase in financial instability and a continuing downward trend in the labor share of GDP. Evaluated with the United Nations model, TTIP appears to favor economic dis-integration, rather than integration, in Europe. At a minimum, this shows that official studies do not offer a solid basis for an informed decision on TTIP.
Topic:: Economics, Globalization, International Trade and Finance, and Labor Issues
Political Geography:: United States, Europe, and United Nations

851. New Report Examines East Africa and the Intergovernmental Authority on Development

Author:: Solomon Dersso
Publication Date:: 10-2014
Content Type:: Working Paper
Institution:: International Peace Institute
Abstract:: The Intergovernmental Authority on Development (IGAD), composed of Djibouti, Eritrea, Ethiopia, Kenya, Somalia, South Sudan, Sudan, and Uganda with its secretariat headquartered in Djibouti, covers northeast Africa, a region continuing to experience major changes, arguably more than any other part of the continent. This is the only region of Africa where colonially drawn borders have been redrawn. In contrast to other regions of Africa, this is also where the prospect of further redrawing of borders—with Somaliland seeking international recognition as a separate state—remains a real possibility.
Topic:: Conflict Prevention, Security, Development, Economics, Environment, Regional Cooperation, and Governance
Political Geography:: Uganda, Kenya, Africa, Sudan, Ethiopia, Somalia, and South Sudan

852. Avoiding the Blind Alley: China's Economic Overhaul and Its Global Implications

Author:: Daniel H. Rosen
Publication Date:: 10-2014
Content Type:: Working Paper
Institution:: Atlantic Council
Abstract:: PRESIDENT XI JINPING ANNOUNCED a sweeping overhaul for China's economy in November 2013, with pledges to make market forces decisive, treat homegrown and foreign investors with the same laws and regulations, and change the mission statement of the government. The reform program, known as the Decisions plan and presented at the Communist Party leadership's Third Plenum meeting, is comprehensive and marks a turning point in China's modern history. The degree of boldness also indicates that after 35 years of world-beating economic performance, China's development model is obsolete and in need of urgent, not gradual, replacement. To justify the risks, President Xi quoted an impassioned plea for policy modernization by his predecessor Deng Xiaoping: the only way to avoid a dead end – a blind alley – is to deepen reform and opening both at home and with the world.
Topic:: Economics, International Trade and Finance, Political Economy, and Reform
Political Geography:: China

853. Implementing Structural Reforms in Abenomics: How to Reduce the Cost of Doing Business in Japan

Author:: Jamal Ibrahim Haidar and Takeo Hoshi
Publication Date:: 06-2014
Content Type:: Working Paper
Institution:: Walter H. Shorenstein Asia-Pacific Research Center
Abstract:: Improving the environment for business is an important part of the growth strategy of Abenomics. As the KPI (Key Performance Indicator) for this effort, the Abe Administration aims to improve Japan's rank in the World Bank Doing Business Ranking from the current #15 among high-income OECD countries to one of the top three. This paper clarifies what it takes for Japan to be among top three countries in terms of ease of doing business. By looking at details of the World Bank Doing Business ranking, we identify various reforms that Japan could implement to improve the ranking. Then, we classify the reforms into four groups depending on whether the reform requires legal changes and whether the reform is likely to face strong political resistance. By just doing the reforms that do not require legal changes and are not likely to face strong political opposition, Japan can improve the ranking to 9th. To be in the top 3, Japan would need to implement all the reforms except for those that require changing the laws and are likely to face strong political resistance, even under the unrealistic assumption that the other countries do not reduce the cost of doing business. Thus, in order to be one of the top three countries among OECD countries in terms of ease of doing business, Japan would most likely need to carry out all the reforms identified in this paper.
Topic:: Economics, International Trade and Finance, and Reform
Political Geography:: Japan

854. 2014 Financial Security Summit: Rapporteur's Report

Author:: Colby Farber
Publication Date:: 11-2014
Content Type:: Working Paper
Institution:: Aspen Institute
Abstract:: The 2014 Financial Security Summit examined how policymakers, the financial services industry, advocates, and academics can advance new policies and products to make it easier for households to build financial security and to reinvigorate the American Dream.
Topic:: Debt, Economics, Governance, and Reform
Political Geography:: United States

855. Fragmentation and Concentration in the New Digital Environment

Author:: Richard P. Adler
Publication Date:: 08-2014
Content Type:: Working Paper
Institution:: Aspen Institute
Abstract:: In 1987, back at the dawn of the Internet age, two studies were published that provided perceptive looks at the evolution of electronic networks and the impact that they would likely have on the way business is conducted in the U.S. and globally. Both studies concluded that rapidly evolving information technologies were helping to break down old hierarchical business structures in favor of new, more decentralized models of economic activity.
Topic:: Economics, Science and Technology, Communications, and Mass Media
Political Geography:: United States

856. Built-Up Area Change Analysis in Hanoi Using Support Vector Machine Classification of Landsat Multi-Temporal Image Stacks

Author:: Jefferson Fox, Duong Nong, Miguel Castrence, Tomoaki Miura, James Spencer, and Qi Chen
Publication Date:: 10-2014
Content Type:: Working Paper
Institution:: East-West Center
Abstract:: Vietnam is experiencing one of the greatest urban transitions over the last two decades after the embankment of "Doi Moi" policy in 1986. The urban transition is vividly manifested in social, economic and physical aspects. While the urbanization can boost the industrialization and modernization goals of the country, it can cause adverse impact on natural environment as well as society and economy. To support a sound urban development plan, it is important that data and analysis on urban built-up areas are accurate and timely available. In this study, the Support Vector Machine Classification Algorithm (SVM) was applied to the multi-temporal image stacks of Landsat Thematic Mapper (TM) and Enhanced Thematic Mapper (ETM) from 1993 to 2010 to quantify the changes of built-up areas over three time periods, 1993-2001, 2001-2006, and 2006-2010 and across twelve buffer zones. Our SVM classification algorithm has produced a highly accurate map of land use/land cover change with the overall accuracy of 95%. The study showed that most of the urban expansion occurred in the periods 2001-2006 and 2006–2010. The analysis was strengthened by the analysis of population census and other socio-economic figures. Through out this study, an implicit correlation between the urban growth, the trend of spatial expansion and other relevant geographic and socio-economic factors can be proposed. Result of this study would allow urban planners and decision makers to timely evaluate and adjust accordingly the urban growth and be aware of the sustainable usage of the invaluable natural lands and other environmental, social and economical problems.
Topic:: Economics
Political Geography:: Vietnam

857. Economic Analysis of Duck Production Household Farm Level in the Context of Highly Pathogenic Avian Influenza Subtype H5N1 in the Red River Delta, Vietnam

Author:: Chinh C. Tran and John F. Yanagida
Publication Date:: 10-2014
Content Type:: Working Paper
Institution:: East-West Center
Abstract:: Occurrence of the Highly Pathogenic Avian Influenza subtype H5N1 usually results in the complete loss of the producer's entire flock due to high mortality rate and stamping out conducted to contain the virus. This study explores the expected economic impacts of HPAI H5N1 on smallholder duck producers in the Red River Delta of Vietnam. A conceptual model is developed to describe how a producer responds at each week of duck production to maximize profit and evaluate expected profits/losses of the producer in light of HPAI H5N1. The results suggests that in the case of no disease occurrence, the optimal time to sell ducks is at week 10 of the production cycle when ducks reach the age of 8 weeks. Maximum profit gained is US$805 for a producer with an average flock size of 794 ducks. However, the producer would suffer serious losses once the disease occurs. The expected investment loss is far higher than the maximum profit received at each production cycle and is estimated to be 3 times higher.
Topic:: Economics, Health, Infectious Diseases, and Food
Political Geography:: Vietnam

858. From Catching Up to Forging Ahead? China's Prospects in Semiconductors

Author:: Dieter Ernst
Publication Date:: 10-2014
Content Type:: Working Paper
Institution:: East-West Center
Abstract:: China's new strategy to upgrade its semiconductor industry (outlined in the "Guidelines to Promote National Integrated Circuit Industry Development," June 24, 2014), seeks to move from catching-up to forging ahead in semiconductors, by strengthening simultaneously China's integrated circuit (IC) design industry and domestic IC foundry services.
Topic:: Economics, Globalization, Industrial Policy, Markets, and Science and Technology
Political Geography:: China and Asia

859. The Future of Big Business in the New Egypt

Author:: Amr Adly
Publication Date:: 11-2014
Content Type:: Working Paper
Institution:: Carnegie Endowment for International Peace
Abstract:: Egypt's big business community provided strong, early support for the military- backed government that came to power in June 2014. But despite that endorsement, the regime of President Abdel Fattah el-Sisi has made changes that are putting pressure on the private sector. Still, there are signs that some of those shifts are only temporary and that they have been taken out of necessity as the new political leadership attempts to repair a struggling economy. While elements of state-business relations may be reconfigured, big business remains essential to Egypt's long-term recovery.
Topic:: Economics and Political Economy
Political Geography:: Egypt

860. Understanding Differences in Growth Performance in Latin America and Developing Countries between the Asian and Global Financial Crises

Author:: Roberto Alvarez and José De Gregorio
Publication Date:: 11-2014
Content Type:: Working Paper
Institution:: Peterson Institute for International Economics
Abstract:: Latin American performance during the global fi nancial crisis was unprecedented. Many developing and emerging countries successfully weathered the worst crisis since the Great Depression. Was it good luck? Was it good policies? In this paper we compare growth during the Asian and global fi nancial crises and fi nd that a looser monetary policy played an important role in mitigating crisis. We also fi nd that higher private credit, more fi nancial openness, less trade openness, and greater exchange rate intervention worsened economic performance. Our analysis of Latin American countries confi rms that eff ective macroeconomic management was key to good economic performance. Finally, we present evidence from a sample of 31 emerging markets that high terms of trade had a positive impact on resilience.
Topic:: Economics, Global Recession, Monetary Policy, and Financial Crisis
Political Geography:: Asia and Latin America

861. China in the G20 Summitry: Review and Decision-making Process

Author:: Alex He
Publication Date:: 10-2014
Content Type:: Working Paper
Institution:: Centre for International Governance Innovation
Abstract:: As the largest emerging economy, China believes that the Group of Twenty (G20), instead of the Group of Eight (G8), is the ideal platform for its participation in global governance. This paper examines the reasons why China joined the G20 rather than the G8, and then focuses on a detailed review of China's participation in G20 summits since the enhanced forum began in 2008. China took a very active and cooperative attitude in dealing with the global financial crisis in 2008-2009. The paper observes that China also insisted on its own agenda for reforms to the international monetary system, through reforms to the international financial institutions that manage it — in particular, raising the number of voting shares and the representation of developing countries at the IMF and the World Bank. Based on the reviews of China's performance in the G20 summits since 2008, the paper explores China's policy making through its participation in the G20, determining that it is shaped by several major economic departments in addition to the Ministry of Foreign Affairs, and coordinated by a vice premier responsible for economic and financial affairs. The paper concludes that China has gained immensely from its participation in the G20. Most importantly, China entered the centre stage of global economic governance through the G20, which allowed the country to demonstrate that it is a responsible great power, and communicate and maintain relations with other major powers. The main challenges China has faced since joining the G20, from the perspective of some Chinese scholars, are a lack of capacity for agenda setting and shaping initiatives, as well as inadequate communication and coordination among different government departments and between the Sherpa and financial tracks of the G20.
Topic:: Economics, International Political Economy, International Trade and Finance, International Monetary Fund, Global Recession, Financial Crisis, and World Bank
Political Geography:: China

862. The Role of International Trade in the Rise of the New Zealand Dairy Industry from Its Beginnings to the Fonterra Era

Author:: Bruce Muirhead
Publication Date:: 08-2014
Content Type:: Working Paper
Institution:: Centre for International Governance Innovation
Abstract:: Since its widespread settlement by Europeans in the 1840s, New Zealand (NZ) has been an agricultural economy. As has been pointed out “there [has been] no serious challenge to the fundamental precept that the country's economy rested on an agricultural foundation” (Macdonald and Thomson 1987, 231), and dairy has been a significant focus of that base. Dairy production was introduced to New Zealand with the clear intent to establish New Zealand as an adjunct to the economic needs of Britain (Hawke 1985). Indeed, the closeness of the relationship between “the Britain of the south” and the metropolitan centre is one of the fundamental characteristics of any environmental history of NZ agriculture (Pawson 2008). This would persist in a material sense for more than a century, until the United Kingdom joined the European Community (EC) in 1973.
Topic:: Economics and Food
Political Geography:: Britain, United Kingdom, Europe, and New Zealand

863. China's Goals in the G20: Expectation, Strategy and Agenda

Author:: Alex He
Publication Date:: 08-2014
Content Type:: Working Paper
Institution:: Centre for International Governance Innovation
Abstract:: The G20 has emerged as the lynchpin of China's involvement in global economic governance. It remains the only economic institutional setting where the country can operate on par with major Western powers. China has a strong interest in maintaining the status of the G20 as the premier forum for economic cooperation, and a vested interest in ensuring that the G20 does not degrade into yet another “talk shop” of multilateral diplomacy. However, the Chinese leadership's current approach to the G20 is not driven by a desire to position the country as a leading agenda setter. Instead, China's main policy priority is ensuring that the country is treated as an equal and respected partner. China recognizes that in many ways it is still in a comparatively weak position and does not have the institutional capabilities and talents needed to operate in global financial and economic institutions such as the G20.
Topic:: Economics, International Cooperation, and International Trade and Finance
Political Geography:: United States and China

864. African Perspectives on Sovereign Debt Restructuring

Author:: Domenico Lombardi, Skylar Brooks, and Ezra Suruma
Publication Date:: 09-2014
Content Type:: Working Paper
Institution:: Centre for International Governance Innovation
Abstract:: On August 7 and 8, 2014, CIGI's Global Economy Program co-hosted a conference with Uganda Debt Network to discuss African perspectives on sovereign debt restructuring. The proceedings, opened by the vice president of Uganda, took place in Kampala, and featured several distinguished participants — including current and former finance ministers and central bank governors, academics and practitioners, and civil society representatives — from Uganda, Liberia, Cameroon, Ghana, Nigeria, Zambia and Zimbabwe. Participants also came from civil society organizations and intergovernmental institutions representing broader groups of African countries or the continent as a whole.
Topic:: Debt, Development, and Economics
Political Geography:: Uganda, Africa, Liberia, Zimbabwe, Nigeria, Ghana, and Cameroon

865. Korean Unification in a New Era

Author:: Victor D. Cha
Publication Date:: 12-2014
Content Type:: Working Paper
Institution:: Center for Strategic and International Studies
Abstract:: As a result of a speech delivered by Republic of Korea (ROK) president Park Geun- hye in Dresden, Germany, on March 28, 2014, the topic of unification of the Korean peninsula has been on the minds of many. This is, of course, not the first time that unification has been in the news. During the Cold War era, unification was defined as the absolute military victory of one side over the other. In Korean, this was known as “songgong t'ongil” or “p'ukch'in t'ongil” (“march north” or “unification by force”). In political science literature influenced by the European experience, it was defined as the perfect integration of the two countries. After the reunification of Germany on October 3, 1990, unification was seen as the economic and political absorption of one side by the other. And yet at other times, it was defined, by both North and South Korea, as the imperfect operation of one country, two systems. For a decade during the period of “sunshine” policy, 1997–2007, unification was defined as something to be avoided for generations. It was framed as an outcome that was too difficult to contemplate, too dangerous to suggest, and too expensive to afford.
Topic:: Security, Economics, and Bilateral Relations
Political Geography:: South Korea, North Korea, and Germany

866. Southeast Asia from Scott Circle: Malaysia Steps into Spotlight as ASEAN and East Asia Summit Chair

Author:: Phuong Nguyen
Publication Date:: 11-2014
Content Type:: Working Paper
Institution:: Center for Strategic and International Studies
Abstract:: Expectations for this week's East Asia Summit and related meetings have been rather modest given the increasing complexity of issues facing countries in Asia and the limited capacity of Myanmar as host. To be clear, Myanmar has done a commendable job given this is its first time chairing ASEAN and hosting other regional meetings.
Topic:: Conflict Prevention, Diplomacy, and Economics
Political Geography:: Malaysia, East Asia, and Southeast Asia

867. The Civil Transition in Afghanistan: The Metrics of Crisis?

Author:: Anthony H. Cordesman
Publication Date:: 12-2014
Content Type:: Working Paper
Institution:: Center for Strategic and International Studies
Abstract:: Creating an effective transition for the ANSF is only one of the major challenges that Afghanistan, the US, and Afghanistan's other allies face during 2014-2015 and beyond. The five other key challenges include: Going from an uncertain election to effective leadership and political cohesion and unity. Creating an effective and popular structure governance, with suitable reforms, from the local to central government, reducing corruption to acceptable levels, and making suitable progress in planning, budgeting, and budget execution. Coping with the coming major cuts in outside aid and military spending in Afghanistan, adapting to a largely self-financed economy, developing renewal world economic development plans, carrying out the reforms pledged at the Tokyo Conference, and reducing the many barriers to doing business. Establishing relations with Pakistan and other neighbors that will limit outside pressures and threats, and insurgent sanctuaries on Afghanistan's border. Persuading the US, other donors, NGCO, and nations will to provide advisors to furnish the needed aid effort through at least 2018, and probably well beyond.
Topic:: Corruption, Economics, Governance, and Reform
Political Geography:: Afghanistan and Asia

868. Is the European Model Relevant for ASEAN?

Author:: Eleonora Poli
Publication Date:: 11-2014
Content Type:: Working Paper
Institution:: Istituto Affari Internazionali
Abstract:: Before the 1997 economic crisis in Asia, the institutional evolution of the Association of Southeast Asian Nations (ASEAN) was very different from the European model. The economic downturn in the late 1990s and the global shift toward a neo-liberal economic era urged ASEAN countries to rethink their regional integration strategy and to mimic some of the institutional models in Europe. In light of this, this paper analyses the rationale behind the evolution of ASEAN since the late 1990, evaluating how and why the organization on a surface replicated aspects of the EU model without engaging in meaningful supranational institutionalization.
Topic:: Economics, Regional Cooperation, and Governance
Political Geography:: Europe and Asia

869. European Banking Union: An Immediate Tool for Euro Crisis Management and a Long-Term Project for the Single Market

Author:: Giulia Rosa Maria Cavallo
Publication Date:: 10-2014
Content Type:: Working Paper
Institution:: Istituto Affari Internazionali
Abstract:: After the adoption of a single monetary policy which commits the European Central Bank to maintaining the euro's purchasing power and price stability in the Eurozone, the European Union is facing a new, but equally fundamental challenge: the implementation in a relatively short time of the so-called "Banking Union". Its purpose is twofold: (1) breaking the link between banking and sovereign risk, with the ultimate goal of achieving full protection of EU savers in the event of a crisis; and (2) ensuring uniformity of credit conditions - which are still too fragmented - within the European banking market, to ensure greater EU integration of the financial system. Starting from the Communication in which the European Commission stressed the need for a banking union, this paper intends to explore the complex process towards its establishment by looking at the EU institutional mechanisms and the legal aspects. In particular, the analysis will be based on two building blocks: (1) the Single Supervisory Mechanism, with a single supervisor at the heart of the banking union; and (2) the Single Resolution Mechanism as a new integrated resolution framework and a resolution fund to address the failure of banking institutions. The paper then assesses the next steps for a fully fledged banking union, necessary in order for this new instrument to lay the foundations for a genuine Economic and Monetary Union, thereby fostering financial and economic stability in the euro area and in the EU as a whole.
Topic:: Economics, Markets, Monetary Policy, and Financial Crisis
Political Geography:: Europe

870. Value Subtraction in Public Sector Production: Accounting Versus Economic Cost of Primary Schooling in India

Author:: Lant Pritchett and Yamini Aiyar
Publication Date:: 12-2014
Content Type:: Working Paper
Institution:: Center for Global Development
Abstract:: We combine newly created data on per student government expenditure on children in government elementary schools across India, data on per student expenditure by households on students attending private elementary schools, and the ASER measure of learning achievement of students in rural areas. The combination of these three sources allows us to compare both the “accounting cost” difference of public and private schools and also the “economic cost”—what it would take public schools, at their existing efficacy in producing learning, to achieve the learning results of the private sector. We estimate that the “accounting cost” per student in a government school in the median state in 2011/12 was Rs. 14,615 while the median child in private school cost Rs. 5,961. Hence in the typical Indian state, educating a student in government school costs more than twice as much than in private school, a gap of Rs. 7,906. Just these accounting cost gaps aggregated state by state suggests an annual excess of public over private cost of children enrolled in government schools of Rs. 50,000 crores (one crore=10 million) or .6 percent of GDP. But even that staggering estimate does not account for the observed learning differentials between public and private. We produce a measure of inefficiency that combines both the excess accounting cost and a money metric estimate of the cost of the inefficacy of lower learning achievement. This measure is the cost at which government schools would be predicted to reach the learning levels of the private sector. Combining the calculations of accounting cost differentials plus the cost of reaching the higher levels of learning observed in the private sector state by state (as both accounting cost differences and learning differences vary widely across states) implies that the excess cost of achieving the existing private learning levels at public sector costs is Rs. 232,000 crores (2.78% of GDP, or nearly US$50 billion). It might seem counterintuitive that the total loss to inefficiency is larger than the actual budget, but that is because the actual budget produces such low levels of learning at such high cost that when the loss from both higher expenditures and lower outputs are measured it exceeds expenditures.
Topic:: Economics, Education, Privatization, and Reform
Political Geography:: India and Asia

871. Fertilizing Growth: Agricultural Inputs and Their Effects in Economic Development

Author:: John McArthur and Gordon C. McCord
Publication Date:: 09-2014
Content Type:: Working Paper
Institution:: The Brookings Institution
Abstract:: This paper uses cross-country panel data to estimate the agronomic inputs that lead to cereal yield improvements and the consequences for developing countries' processes of structural change. The results suggest a clear role for fertilizer, modern seeds and water in boosting yields. It then estimates empirical links in developing economies between increased agricultural yields and economic growth; in particular, the spillover effect from yield growth to declines of labor share in agriculture and increases of non-agricultural value added per capita. The identification strategy for the effect of fertilizer includes a novel instrumental variable that exploits variation in global fertilizer price, interacted with the inverse distance between each country's agriculturally weighted centroid and the nearest nitrogen fertilizer production facility. Results suggest that a half ton increase in staple yields (equal to the within-country standard deviation) generates a 13 to 20 percent higher GDP per capita, a 3.3 to 3.9 percentage point lower labor share in agriculture five years later, and approximately 20 percent higher non-agricultural value added per worker a decade later. The results suggest a strong role for agricultural productivity as a driver of structural change.
Topic:: Agriculture, Economics, and Labor Issues

872. Completing Europe – From the North-South Corridor to Energy, Transportation, and Telecommunications Union

Author:: Atlantic Council and CEEP
Publication Date:: 11-2014
Content Type:: Working Paper
Institution:: Atlantic Council
Abstract:: One of the greatest successes of our new century has been the progress made in unifying Europe. The accession of Central Europe's countries to the European Union (EU) has contributed to the end of division that wrought confrontations and conflicts. Yet this task is far from finished. Europe's economic woes, as well as new security challenges along the Union's eastern border add to the urgency of completing and consolidating the European integration project as part of our transatlantic vision of a Europe whole, free, and at peace.
Topic:: Economics, Energy Policy, Science and Technology, and Infrastructure
Political Geography:: Europe and Central Europe

873. Egypt's Arms Deal with Russia: Potential Strategic Costs

Author:: David Schenker and Eric Trager
Publication Date:: 03-2014
Content Type:: Working Paper
Institution:: The Washington Institute for Near East Policy
Abstract:: Cairo's possible purchase of advanced weapons systems from Russia could become another irritant in U.S.-Egyptian relations.
Topic:: Arms Control and Proliferation, Economics, and Bilateral Relations
Political Geography:: United States, Ukraine, Middle East, and Egypt

874. Jordan's Energy Balancing Act

Author:: Simon Henderson and David Schenker
Publication Date:: 03-2014
Content Type:: Working Paper
Institution:: The Washington Institute for Near East Policy
Abstract:: A deal to buy Israeli natural gas can help mitigate the kingdom's energy shortage and steer Amman away from problematic nuclear plans, but it risks stirring domestic opposition. In February, two private Jordanian firms signed a contract with a private U.S.-Israeli consortium to import natural gas from Israel's giant Tamar field, located under the bed of the Mediterranean Sea fifty miles offshore from Haifa. The Arab Potash Company and the Jordan Bromine Company -- both partially owned by the Jordanian government -- will pay Houston-based Noble Energy and its partners $500 million over the course of fifteen years to supply a power plant at Jordanian industrial facilities by the Dead Sea. At just $33 million per year, the deal is not financially significant, but it may set a huge precedent in terms of fostering regional economic cooperation and establishing a framework for Jordanian energy security. The political challenges are significant, however, particularly following the March 10 shooting of a Jordanian man at an Israeli-controlled West Bank crossing point.
Topic:: Economics, Treaties and Agreements, Bilateral Relations, and Natural Resources
Political Geography:: United States, Middle East, and Arabia

875. Iran Seeks to Untangle UN Sanctions

Author:: Steven Ditto
Publication Date:: 04-2014
Content Type:: Working Paper
Institution:: The Washington Institute for Near East Policy
Abstract:: The Islamic Republic has added to its nuclear negotiating team a law professor who has extensive experience making Iran's case in international disputes. On April 9, Iran and the P5+1 (Britain, China, France, Russia, and the United States, plus Germany) concluded the latest two-day round of talks on a nuclear deal, setting the next round for May 13. Earlier in the week, on April 7, Iranian media reported the appointment of Dr. Jamshid Momtaz as head of a "legal advisory group" to the Iranian negotiating team. A French-educated expert on sanctions, disarmament, and UN procedure, Momtaz has represented the Iranian government in some of its highest-profile international legal proceedings, including in claims against the U.S. government at the Hague-based International Court of Justice (ICJ). Momtaz's familiarity with the United Nations, his extensive practice in Europe, and his proven history of leveraging complex legal arguments to advance Iran's international interests indicate that in these latest rounds of P5+1 talks Tehran is likely looking for unconventional ways to "address" and "bring a satisfactory conclusion to" the UN Security Council resolutions against it, as called for in the Joint Plan of Action (JPOA) agreed to in Geneva last November.
Topic:: Diplomacy, Economics, Human Rights, International Cooperation, Nuclear Weapons, Sanctions, and Nuclear Power
Political Geography:: Russia, United States, China, Iran, and France

876. Sovereign Debt Restructuring: Old Debates, New Challenges

Author:: James A. Haley
Publication Date:: 05-2014
Content Type:: Working Paper
Institution:: Centre for International Governance Innovation
Abstract:: Ten years ago, in the wake of the Asian financial crisis and subsequent Argentine default, the international community debated how to best promote the timely, effective restructuring of sovereign debt. The debate then focused largely on the relative merits of a so-called statutory approach for sovereign restructurings, with features of domestic bankruptcy regimes, versus the voluntary use of contractual terms designed to facilitate restructurings. At the time, the statutory approach did not have the support necessary to move from proposal to policy and efforts to improve the framework of sovereign debt restructuring rested on the contractual approach.
Topic:: Economics, International Trade and Finance, and Financial Crisis
Political Geography:: Asia

877. Understanding Latin America's Financial Inclusion Gap

Author:: Liliana Rojas-Suarez and Maria Alejandra Amado
Publication Date:: 05-2014
Content Type:: Working Paper
Institution:: Center for Global Development
Abstract:: This paper analyzes Latin America's Financial Inclusion Gap, the difference between the average financial inclusion for Latin America and the corresponding average for a set of comparator countries. At the country level, we assess four types of obstacles to financial inclusion: macroeconomic weaknesses, income inequality, institutional deficiencies and financial sector inefficiencies. A key finding of this paper is that although the four types of obstacles explain the absolute level of financial inclusion, institutional deficiencies and income inequality are the most important obstacles behind the Latin America's financial inclusion gap. From our analysis at the individual level, we find that there is a Latin America-specific effect of education and income. The results suggest that the effect of attaining secondary education on the probability of being financially included is significantly higher in Latin America than in its comparators. Furthermore, the difference in the probability of being financially included between the richest and the poorest individuals is significantly higher in Latin America than in comparator countries.
Topic:: Economics, Education, Human Rights, and Poverty
Political Geography:: Latin America

878. Women's economic opportunity: A new pilot index and global ranking

Publication Date:: 06-2014
Content Type:: Working Paper
Institution:: Economist Intelligence Unit
Abstract:: Women's political and economic empowerment has been a defining feature of the last century. Millions of women in the early 1900s rejected convention and ignorance to fi ght for the right to vote. Thirty years later the daughters and granddaughters of those suffragettes, defying stereotypes, flocked to factories to help build the machines that won the second world war. The next generation of women secured their rights in law, then entered the workforce in droves, fuelling economic growth in the 1980s and 1990s. At the start of the 21st century women are not just enfranchised and fully engaged in the workplace, but leading global corporations and countries of every size. Germany's Angela Merkel, Liberia's Ellen Johnson-Sirleaf, and Pepsico's Indra Nooyi are three among many. Yet after a century of impressive progress, overall economic opportunities for women still lag those of men. Women, on average, earn 75% of their male co-workers' wages, and the difference cannot be explained solely by schooling or experience. In many countries, women have fewer educational and employment opportunities than men, are more often denied credit, and endure social restrictions that limit their chances for advancement. In some developing countries women still cannot vote, own property or venture outside the home without a male family member.
Topic:: Development, Economics, Gender Issues, Human Rights, and Reform
Political Geography:: Germany

879. Cost allocation in investment arbitration: Forward toward incentivization

Author:: John Gaffney and James Nicholson
Publication Date:: 06-2014
Content Type:: Working Paper
Institution:: Columbia Center on Sustainable Investment
Abstract:: In their contribution to the FDI Perspectives series, Baiju Vasani and Anastasiya Ugale drew attention to an emerging trend in favor of the so-called "costs follow the event" (CFtE) (or loser pays) approach, which is in contrast to the more "traditional" approach under which parties share the costs of arbitration equally, with each party covering its own legal fees.
Topic:: Economics, Human Rights, International Trade and Finance, Governance, and Reform

880. Coordination of Social Security Schemes. The Case of SADC

Author:: Ockert Dupper
Publication Date:: 05-2014
Content Type:: Working Paper
Institution:: The Kolleg-Forschergruppe (KFG)
Abstract:: This paper will explore whether and to what extent the (legal) rules of coordination that originated and developed in the EU can be transposed to SADC – a region characterized by high levels of migration, weakly developed social security systems and the absence of suitable portability arrangements. The principle of coordination of social security is primarily aimed at eliminating restrictions that national social security schemes place upon the rights of migrant workers to such social security. One of the fundamental principles of social security coordination is that of portability, which is the ability to preserve, maintain, and transfer vested social security rights or rights in the process of being vested, independent of nationality and country of residence. The best practice around the world to ensure portability of social security entitlements consists of multilateral and bilateral social security agreements. These agreements originated and developed in the EU, and EU coordination arrangements arguably still represent the most sophisticated and developed system of its kind, and one that is worth emulating. In this paper, it is argued that any future attempts at coordinating social security schemes in SADC should start with employment injury schemes, which is the only social security scheme common to all SADC member states. The paper considers some of the issues that should be taken into account in designing social security agreements in SADC along the lines of the EU model.
Topic:: Economics, Human Rights, Human Welfare, Migration, and Regional Cooperation
Political Geography:: Europe

881. Locked In or Left Out? Transatlantic Trade Beyond Brussels and Washington

Author:: Sinan Ülgen
Publication Date:: 06-2014
Content Type:: Working Paper
Institution:: Carnegie Endowment for International Peace
Abstract:: Many countries are interested in the Transatlantic Trade and Investment Partnership (TTIP) that Brussels and Washington are negotiating. But the United States and the European Union (EU) began talks without devising a way to involve their main trade partners. This approach, understandable given the complexity of the negotiations, could produce a bilateral agreement that is difficult to multilateralize. To influence the negotiations, third countries interested in eventually joining TTIP should pursue an agenda centered on the accession mechanism, the elimination of nontariff barriers, and dispute settlement.
Topic:: Economics, Human Rights, and International Trade and Finance
Political Geography:: United States and Europe

882. La crise centrafricaine: de la prédation à la stabilisation

Publication Date:: 06-2014
Content Type:: Working Paper
Institution:: International Crisis Group
Abstract:: La crise actuelle en République centrafricaine, qui a débuté en décembre 2012, marque la désagrégation de l'Etat, conséquence de la double prédation des autorités et des groupes armés. La Seleka a amplifié et porté à son paroxysme la mauvaise gouvernance des régimes précédents. Ses dirigeants ont pillé ce qui restait de l'Etat et fait main basse sur l'économie illicite du pays. Afin de rompre avec le cycle des crises qui caractérise la Centrafrique et de favorise r l'émergence d'un Etat fonctionnel capable de protéger ses citoyens, il est impératif de rendre l'intervention internationale plus efficace en y adjoignant comme priorités, en plus de la sécurité, la relance de l'économie productive et la lutte contre la corru ption et les trafics. Seul un partenariat étroit entre le gouvernement de transition, les Nations unies et le groupe des inter- nationaux impliqués dans cette crise (G5) permettra de relever ce défi. Ce partenariat doit notamment comprendre l'affectation de conseillers techniques étrangers au sein des ministères clés.
Topic:: Corruption, Economics, Environment, and Natural Resources
Political Geography:: Central African Republic

883. The Rahmon Phenomenon: New Challenges for Tajikistan's Long-Standing President

Author:: Alexey Malashenko and Aziz Niyazi
Publication Date:: 05-2014
Content Type:: Working Paper
Institution:: Carnegie Endowment for International Peace
Abstract:: Emomali Rahmon's reelection as president of Tajikistan in 2013 testifies to his regime's stability and its capacity for self-preservation. He now faces a number of complex tasks, which include undertaking economic reforms, counteracting religious smism, and resolving conflicts with neighboring countries. It is becoming increasingly difficult to maintain a high degree of stability under these conditions.
Topic:: Security, Economics, Religion, Governance, and Reform
Political Geography:: Central Asia and Tajikistan

884. The Economics of Egypt's Rising Authoritarian Order

Author:: Amr Adly
Publication Date:: 06-2014
Content Type:: Working Paper
Institution:: Carnegie Endowment for International Peace
Abstract:: Egypt's economy is in crisis as the new military-backed regime seeks to reestablish its authority. Fiscal restructuring and austerity measures are necessary to spur economic recovery, but they may be politically difficult to pass at this time. The new regime, therefore, will have to broaden its base and forge a more inclusive coalition of supporters in order to stabilize Egypt, retain power, and restore economic growth.
Topic:: Security and Economics
Political Geography:: Middle East and Egypt

885. Balancing Without Containment: An American Strategy for Managing China

Author:: Ashley J. Tellis
Publication Date:: 01-2014
Content Type:: Working Paper
Institution:: Carnegie Endowment for International Peace
Abstract:: China is poised to become a major strategic rival to the United States. Whether or not Beijing intends to challenge Washington's primacy, its economic boom and growing national ambitions make competition inevitable. And as China rises, American power will diminish in relative terms, threatening the foundations of the U.S.-backed global order that has engendered unprecedented prosperity worldwide. To avoid this costly outcome, Washington needs a novel strategy to balance China without containing it.
Topic:: Foreign Policy, Economics, and Military Strategy
Political Geography:: United States, China, America, Washington, and Asia

886. The Political Origins of the Africa's Economic Revival

Author:: Robert H. Bates and Steven Block
Publication Date:: 04-2014
Content Type:: Working Paper
Institution:: Weatherhead Center for International Affairs, Harvard University
Abstract:: Writing in the 1990's, William Easterly and Ross Levine famously labeled Africa a "growth tragedy." Less than twenty years later, Alwyn Young noted Africa's "growth miracle," while Steven Radelet less effusively pointed to an Africa that was"emerging" and noted its rising rate of economic growth, improving levels of education and health care, and increasing levels of investment in basic infrastructure: roads, ports, and transport. In this paper, we address Africa's economic revival. In doing so, we also stress the political changes that have taken place on the continent. Once notorious for its tyrants – Jean – Bedel Bokassa, Idi Amin, and Mobutu Sese Seko, to name but three – in the 1990s, Africa joined the last wave of democratization; self-appointed heads of state were replaced by rulers chosen in competitive elections. In this paper, we assert that the two sets of changes – the one economic and the other political – go together, and that, indeed, changes in Africa political institutions lent significant impetus to its economic revival.
Topic:: Development, Economics, and Reform
Political Geography:: Africa

887. How to enhance labor provisions in IIAs,

Author:: Rafael Tamayo-Álvarez, Maria Alejandra Gonzalez-Perez, and Juan David Rodriguez-Rios
Publication Date:: 06-2014
Content Type:: Working Paper
Institution:: Columbia Center on Sustainable Investment
Abstract:: Free trade agreements (FTAs) and international investment agreements (IIAs) are regarded as instruments to promote world trade, investment flows and market liberalization. The question, however, is whether they promote sustainable development as well. This Perspective contemplates incorporating voluntary codes of conduct for multinational enterprises (MNEs) in IIAs to strengthen the protection of labor rights, "the social component [...] embedded in the notion of sustainable development."
Topic:: Economics, International Cooperation, International Trade and Finance, and Labor Issues

888. Withdrawing incentives to attract FDI: Can host countries put the genie back in the bottle?

Author:: Anna De Luca
Publication Date:: 07-2014
Content Type:: Working Paper
Institution:: Columbia Center on Sustainable Investment
Abstract:: Many governments offer incentives to attract foreign direct investment (FDI). For example, the renewable energy sector has benefitted from large national incentive schemes in the past decade. However, the withdrawal of such incentives can lead to investors bringing investment treaty claims against host countries. This Perspective looks at some claims host countries face from investors in the renewable energy sector and their implications.
Topic:: Economics, International Trade and Finance, and Foreign Direct Investment
Political Geography:: Italy

889. How Should Donors Respond to Resource Windfalls in Poor Countries?

Author:: Alan Gelb, Anton Dobronogov, and Fernando Brant Saldanha
Publication Date:: 07-2014
Content Type:: Working Paper
Institution:: Center for Global Development
Abstract:: Natural resources are being discovered in more countries, both rich and poor. Many of the new and aspiring resource exporters are low-income countries that are still receiving substantial levels of foreign aid. Resource discoveries open up enormous opportunities, but also expose producing countries to huge trade and fiscal shocks from volatile commodity markets if their exports are highly concentrated. A large literature on the "resource curse" shows that these are damaging unless countries manage to cushion the effects through countercyclical policy. It also shows that the countries least likely to do so successfully are those with weaker institutions, and these are most likely to remain as clients of the aid system. This paper considers the question of how donors should respond to their clients' potential windfalls. It discusses several ways in which the focus and nature of foreign aid programs will need to change, including the level of financial assistance. The paper develops some ideas on how a donor like the International Development Association might structure its program of financial transfers to mitigate volatility. The paper outlines ways in which the International Development Association could use hedging instruments to vary disbursements while still working within a framework of country allocations that are not contingent on oil prices. Simulations suggest that the International Development Association could be structured to provide a larger degree of insurance if it is calibrated to hedge against large declines in resource prices. These suggestions are intended to complement other mechanisms, including self-insurance using Sovereign Wealth Funds (where possible) and the facilities of the International Monetary Fund.
Topic:: Economics, International Trade and Finance, Natural Resources, and Foreign Aid
Political Geography:: Uganda, Kenya, Tanzania, and Ghana

890. India and Pakistan: The Opportunity Cost of Conflict

Author:: Shuja Nawaz and Mohan Guruswamy
Publication Date:: 04-2014
Content Type:: Working Paper
Institution:: Atlantic Council
Abstract:: India and Pakistan, born out of a single British-ruled entity in 1947, have continued an implacable rivalry marked by periodic wars and hostilities as well as through proxies. This unending conflict has led them to invest heavily in their militaries and even to choose nuclear weaponry as a deterrence on the part of Pakistan toward India and on India's part toward both Pakistan and China. Although there have been occasional moves toward confidence building measures and most recently toward more open borders for trade, deep mistrust and suspicion mark this sibling rivalry. Their mutual fears have fuelled an arms race, even though increasingly civil society actors now appear to favor rapprochement and some sort of an entente. The question is whether these new trends will help diminish the military spending on both sides.
Topic:: Security, Foreign Policy, Economics, International Trade and Finance, and Reform
Political Geography:: Pakistan, China, India, Asia, and Southeast Asia

891. Companions in Competitiveness: How France and the United States Can Help Each Other Succeed in the Twenty-first Century

Author:: Nicholas Dungan
Publication Date:: 01-2014
Content Type:: Working Paper
Institution:: Atlantic Council
Abstract:: Competitiveness encompasses all the factors that will serve to make a society, an economy, and a country successful in the globalized world of the twenty-first century. France and the United States rank among the most competitive countries overall, but both have seen their position decline in recent years in key attributes of competitiveness.
Topic:: Economics, International Cooperation, and Bilateral Relations
Political Geography:: United States, Europe, and France

892. Uncertain Energy: The Caribbean's Gamble with Venezuela

Author:: David L. Goldwyn and Cory R Gill
Publication Date:: 07-2014
Content Type:: Working Paper
Institution:: Atlantic Council
Abstract:: It has been nearly ten years since the launch of Petrocaribe, a program designed to win the political loyalty of the Caribbean states through generous credit subsidies to help import Venezuelan crude oil and products. Recipient states have grown dependent on high-cost, high-carbon fuels for power generation and Venezuelan credit to balance their budgets.
Topic:: Economics, Energy Policy, International Trade and Finance, and Oil
Political Geography:: South America, Latin America, Caribbean, and Venezuela

893. Trade policy issues in the Wider Europe – that led to war and not yet to peace

Author:: Michael Emerson
Publication Date:: 07-2014
Content Type:: Working Paper
Institution:: Centre for European Policy Studies (CEPS)
Abstract:: This paper looks at the trade policy landscape of the EU and the wider Europe, with a focus on issues arising from the signature on 27 June 2014 of Deep and Comprehensive Free Trade Agreements (DCFTAs) between the EU and three East European countries (Georgia, Moldova and Ukraine), and actual or prospective issues relating to the customs union of Belarus, Russia and Kazakhstan (BRK), and the Eurasian Economic Union whose founding treaty was signed on 29 May 2014.The huge expansion of intercontinental free trade area negotiations currently underway, in which the EU is an active participant alongside much of the Americas and Asia, stands in contrast with Russia's choice to restrict itself to the Eurasian Economic Union, which is only a marginal extension of its own economy. Alone among the major economies in the world, Russia does not seek to integrate economically with any major economic bloc, which should be a matter of serious concern for Moscow. Within the wider Europe, the EU's DCFTAs with Ukraine, Moldova and Georgia are a major new development, but Russia now threatens trade sanctions against Ukraine in particular, the economic case for which seems unfounded and whose unilateral application would also impair the customs union.The Belarus-Russia-Kazakhstan customs union itself poses several issues of compatibility with the rules of the WTO, which in turn are viewed by the EU as an impediment to discussing possible free trade scenarios with the customs union, although currently there are far more fundamental political impediments to any consideration of such ideas. Nonetheless, this paper looks at various long-term scenarios, if only as a reminder that there could be much better alternatives to the present context of conflict around Ukraine.
Topic:: Economics, International Trade and Finance, and Treaties and Agreements
Political Geography:: Russia, Europe, Ukraine, Kazakhstan, and Asia

894. ECB Policy and Eurozone Fragility: Was De Grauwe Right?

Author:: Ana-Maria Fuertes, Elena Kalotychou, and Orkun Saka
Publication Date:: 06-2014
Content Type:: Working Paper
Institution:: Centre for European Policy Studies (CEPS)
Abstract:: Paul De Grauwe ' s fragility hypothesis states that member countries of a monetary union such as the eurozone are highly vulnerable to a self – fulfilling mechanism by which the efforts of investors to avoid losses from default can end up triggering the very default they fear. The authors test this hypothesis by applying an eclectic methodology to a time window around Mario Draghi ' s " whatever it takes " (to keep the eurozone on firm footing) pledge on 26 July 2012 . This pledge was soon followed by the announcement of the Outright Monetary Transactions (OMT) program me (the prospective and conditional purchase by the European Central Bank of sovereign bonds of eurozone countries having difficulty issuing debt) . The principal components of eurozone credit default swap spreads validate this choice of time frame . An event study reveals significant pre – announcement contagion emanating from Spain to Italy, Belgium, France and Austria. Furthermore, time – series regression confirms frequent clusters of large shocks affecting the credit default swap spreads of the four eurozone countries but solely during the pre – announcement period. The findings of this report support the fragility hypothesis for the eurozone and endorse the Outright Monetary Transactions programme.
Topic:: Economics, Foreign Exchange, International Trade and Finance, and Financial Crisis
Political Geography:: Europe, France, Belgium, and Italy

895. Trade Hallucination: Risks of Trade Facilitation and Suggestions for Implementation

Author:: Jeronim Capaldo
Publication Date:: 06-2014
Content Type:: Working Paper
Institution:: Global Development and Environment Institute at Tufts University
Abstract:: Official estimates tend to overstate the benefits of trade facilitation and ignore its costs. When all underlying assumptions are brought to light, expecting large gains appears unreasonable. At the same time, estimated employment benefits may easily turn into net losses.
Topic:: Economics, International Trade and Finance, and Labor Issues
Political Geography:: Europe

896. Regime Change, Democracy, and Growth

Author:: Caroline Freund and Mélise Jaud
Publication Date:: 04-2014
Content Type:: Working Paper
Institution:: Peterson Institute for International Economics
Abstract:: The empirical literature on the relationship between democracy and growth has yielded conflicting results. Cross-country studies have failed to identify a significant impact of democracy on growth, while within-country studies have found a strong positive effect of the transition to democracy on growth. We reconcile the conflicting evidence by showing that the positive effect of democratic transitions results from regime change as opposed to democratization. We identify over 100 transitions in the last half-century with various outcomes: to and from democracy, some partial, and some failed. The variety of experiences allows us to compare the growth outcome of democratic transitions with that of other transitions rather than with a no-transition counterfactual. Conditioning on regime change filters out selection effects and shows that transition to democracy yields no growth dividend compared to other types of regime change. We also show that countries that democratize slowly do not gain from regime change. These results suggest that the growth dividend from political transition results from swift regime change rather than from democratization.
Topic:: International Relations, Democratization, and Economics
Political Geography:: Brazil

897. Labor Market Slack in the United Kingdom

Author:: David G. Blanchflower and David N. F. Bell
Publication Date:: 07-2014
Content Type:: Working Paper
Institution:: Peterson Institute for International Economics
Abstract:: This paper examines the amount of slack in the UK labor market and finds the downward adjustments made by the Monetary Policy Committee (MPC) to both unemployment and underemployment invalid. Without evidence to support its assessment of the output gap, the MPC reduces the level of unemployment based on its claim that long-term unemployment does not affect wages. The authors produce evidence to the contrary and present arguments on why the MPC's halving of the level of underemployment in the United Kingdom is inappropriate. Bell and Blanchflower set out arguments on why they believe the level of slack is greater than the MPC calibrates. Consistent with that is the fact that real wages in the United Kingdom continue to fall.
Topic:: Economics, Markets, and Labor Issues
Political Geography:: United Kingdom and Europe

898. The Scottish Doughnut: A safe and just operating space for Scotland

Author:: Katherine Trebeck and Malcolm Sayers
Publication Date:: 07-2014
Content Type:: Working Paper
Institution:: Oxfam Publishing
Abstract:: We live on a fragile planet which is under increased human stress, to the extent that we are transgressing several of the planetary boundaries as mapped out by the Stockholm Resilience Centre (SRC). We share this planet with over seven billion fellow human beings, too many of whom face extraordinary challenges in building a life free of poverty, indignity, powerlessness and fear. While a small number of people are using the most resources, simultaneously too many are unable to lead lives in which they can flourish and live with dignity.
Topic:: Economics, Environment, and Human Welfare
Political Geography:: United Kingdom and Europe

899. Climate and Environmental Change: Views from Life in a Time of Food Price Volatility

Author:: Alexandra Wanjiku Kelbert
Publication Date:: 07-2014
Content Type:: Working Paper
Institution:: Oxfam Publishing
Abstract:: How are rapid recent food price changes linked to climate and environmental change? How do people who are vulnerable to these changes view these links? This note explores the views of people living on low and precarious incomes on these connections, based on research designed to explore experiences of food price volatility in 2012, through qualitative research in 23 research sites in 10 countries. The research was not specifically designed to study perceptions of climate and environmental change; these views are collected here because they offer interesting, relatively unmediated insights into how people perceive the causal connections between their food security and environment across varied social and ecological settings.
Topic:: Security, Agriculture, Climate Change, Economics, and Food

900. Trade and Innovation in Global Networks-Regional Policy Implications

Author:: Dieter Ernst
Publication Date:: 05-2014
Content Type:: Working Paper
Institution:: East-West Center
Abstract:: This Think Piece explores how integration into international trade through global networks of production (GPNs) and innovation (GINs) might affect a region's innovation capacity. As regions across the globe are progressively integrated into those global networks - some certainly more than others - these regions are all faced with a fundamental challenge: How might progressive integration of its firms into GPNs and GINs affect learning, capability development and innovation? Will network integration unlock new sources of industrial innovation? Or will it act as a poisoned chalice that will sap and erode the region's accumulated capabilities?
Topic:: Economics, Globalization, International Trade and Finance, and Labor Issues

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COLUMBIA UNIVERSITY PRESS