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17362. Collective Management of International Financial Crises

Author:
Saori N. Katada
Publication Date:
07-1998
Content Type:
Working Paper
Institution:
Center for International Studies, University of Southern California
Abstract:
The world has experienced many financial crises. Despite numerous research and policy efforts in prevention to present them at of large scale, the global economy has not seen economists' (and investors') Nirvana of financial globalization without the occasional crises. On the contrary, the increasing dynamism and changing nature of financial flows across national borders seem to have created a larger number of new problems for creditors, debtors and international financial institutions. That has typically been true for middle income countries in Latin America and Asia and, very recently, in Eastern Europe, which have been integrated into the international financial system. During the two decades between the late 1970s and the late 1990s, three major sets of financial crises originated from those middle income countries, intensifying concerns for international financial stability.
Topic:
Economics, Globalization, International Political Economy, and International Trade and Finance
Political Geography:
Europe, Israel, East Asia, Latin America, Central America, and North America

17363. International Financial Markets as Sources of Crises or Discipline

Author:
Thomas D. Willett
Publication Date:
07-1998
Content Type:
Working Paper
Institution:
Center for International Studies, University of Southern California
Abstract:
Two major views dominate policy discussions of the role of international capital flows in the global political economy. While both believe that high capital mobility is eroding national sovereignty, one sees this as a positive step, that constrains governments' tendencies to follow overexpansionary macroeconomic policies for domestic political gain and promotes convergence toward low rates of inflation. Advocates of this viewpoint would typically agree with Haggard and Maxfield (1996) that “Increased financial integration holds governments hostage to foreign exchange and capital markets, forcing greater fiscal and monetary discipline than they might otherwise choose” (p. 36). This view is implied by most of the currently most popular economic models. The second viewpoint sees international capital markets as capricious followers of fads and fashions that pose serious challenges to domestic financial stability. The statements of Dr. Mahathir Mohamad, Prime Minister of Malaysia are typical of this view.
Topic:
Economics, Government, International Political Economy, and International Trade and Finance

17364. Disposing of Weapons-Grade Plutonium

Author:
Robert E. Ebel and John Taylor
Publication Date:
03-1998
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies
Abstract:
This panel report by the Center for Strategic and International Studies considers an issue of critical importance to U.S. national security interests: Is the United States now pursuing a well-conceived and effective program of working with Russia to dispose of the vast amounts of separated plutonium that have become excess to the nuclear weapons needs of the two countries?
Topic:
Security, Energy Policy, Nuclear Weapons, and Science and Technology
Political Geography:
Russia and United States

17365. The Strategy and Tactics of Hizb'allah's Current 'Lebanonization Process'

Author:
Dr. Magnus Ranstorp
Publication Date:
06-1998
Content Type:
Working Paper
Institution:
Centre for the Study of Terrorism and Political Violence, St. Andrews University, Scotland
Abstract:
This article contains a careful description and analysis of the transformation of' Hizballah from a small rag-tag militia, skillfully combining terrorist and guerrilla warfare techniques with effective social action on the local level during the chaos of Lebanon's civil war, to a formidable, legitimate political, military and social force on the Lebanese scene in the 1990's, in what has been described as its 'Lebanonization' process. This so-called 'Lebanonization' process of Hizballah has become a trademark of the movement. It is visible in the close interrelationship between its political, social, and military activity which has extended its opportunities. It shows an ability to exercise pragmatic judgement within the conditions and limitations imposed on it by Syria's agenda and within the confessional nature of Lebanon's political make-up. It also demonstrates the limits of Hizballah's manoeuvring within the framework of the wider Iranian- Syrian relationship and the limits to its ability in presenting itself as an alternative oppositional force amidst sectarian politics and Syrian hegemony. Hizballah strongly emphasizes that it is entirely Lebanese in character rather than a foreign entity directed by Iran in order to reinforce its internal legitimacy within Lebanon.
Topic:
Human Welfare, Politics, Terrorism, and War
Political Geography:
Iran, Lebanon, and Syria

17366. The Role of Ideology in Terrorists' Target Selection

Author:
C.J.M Drake
Publication Date:
06-1998
Content Type:
Working Paper
Institution:
Centre for the Study of Terrorism and Political Violence, St. Andrews University, Scotland
Abstract:
Ideology plays a crucial role in terrorist's target selection; it supplies terrorists with an initial motive for action and provides a prism through which they view events and the actions of other people. Those people and institutions whom they deem guilty of having transgressed the tenets of the terrorists' ideologically-based moral framework are considered to be legitimate targets which the terrorists feel justified in attacking. As an extension of this, ideology also allows terrorists to justify their violence by displacing the responsibility onto either their victims or other actors, whom in ideological terms they hold responsible for the state of affairs which the terrorists claim led them to adopt violence. While it is not the only factor which determines whether a potential target is attacked, ideology provides an initial range of legitimate targets and a means by which terrorists seek to justify attacks, both to the outside world and to themselves.
Topic:
Security, Government, Peace Studies, and Terrorism

17367. Environmental Protectionism and Comparative Observations in West Europe

Author:
Imtiaz Hussain
Publication Date:
01-1998
Content Type:
Working Paper
Institution:
Centro de Investigación y Docencia Económicas
Abstract:
Environmental concerns were seen by some as "a welcome guest in the free trade party" when they were first taken seriously in the early 1990s. Although they have since mushroomed in size and significance, the debate rages if policy measures are responding to demand. Trading behavior, for example, has not altered appreciably owing to the mounting pressures, but agreements increasingly acknowledge the need for safeguards. On the one hand is the problem of public pressure, very often of grassroots origins, upon policy-makers at all levels—multilaterally, internationally, regionally, nationally, and locally. On the other is the inquiry if policy impact is evolving differently, not only at various policy-making levels, but also in various parts of the world. How, indeed, have concerns and policy measures meshed? My broad response elaborates why environmental protectionism is chosen as a topic first, then explains the selection of cases for comparison, before turning to theoretical considerations, the empirical study itself, and finally drawing conclusions and implications, all in that order.
Topic:
International Relations and Environment
Political Geography:
Europe and Maryland

17368. Westphalia in Europe as West Failure Abroad?: A Comparative Study of the Fate of the Nation-State in Non-Europe

Author:
Imtiaz Hussain
Publication Date:
01-1998
Content Type:
Working Paper
Institution:
Centro de Investigación y Docencia Económicas
Abstract:
Conventionally viewing the state as a black box and focusing almost exclusively on its outward orientation, the Westphalia paradigm, I argue, has outlived its purpose and may even be misleading when applied to the more porous and democratic state today. Rather than measure state viability in terms of power balances abroad, three constituent elements extracted from the Westphalia literature are used to evaluate internal state viability instead: the relationship between nation and the state, the capacities of the state itself, and the state within a collectivity. Whereas the first is operationalized in terms of Buzan's four-fold typology, the second focuses on how two forms of internal divisions have been resolved-between city and country interests over policy-making, and between various classes in society through governmental income redistribution programs-while the third evaluates the propensity of the state to delegate loyalties to any supranational entity in the 1990s. Over 160 sovereign countries are pooled into 5 geographical regions for the analysis. The results strengthen the above argument, and generally portray the exceptionalism of West Europe: It is the global hub of established nation states, even though there are more state nations worldwide whose historical emergence accented internal development over external security considerations; viable states, measured in terms of established democracies, urban preponderance over policy making, and welfare redistribution; and transferring loyalties beyond the state.
Topic:
Conflict Resolution, International Organization, and Regional Cooperation
Political Geography:
Europe and Westphalia

17369. European Integration and Franco-German Relations: Erbfeindschaft or Engrenage?

Author:
Imtiaz Hussain
Publication Date:
01-1998
Content Type:
Working Paper
Institution:
Centro de Investigación y Docencia Económicas
Abstract:
Given the historical depth of Franco-German enmity, or erbfeindschaft, how have integrative efforts in West Europe been shaped by this rivalry? Three sets of tensions are identified in addressing that question: the theoretical tussle to explain West European integration; the explosive historical relationship between the two countries; and their cooperative, complementary relationship in European Community policy-making. For analytical purposes, two hypotheses connect these sources of tension in the multifaceted, complicated subject mater of Franco-German relations. These are that when the Cold War was in full fury, both countries found cooperation a gar superior strategy than discord; and when the Cold War ended, disagreements increased without eliminating cooperation. Both are tested through a comparative study of agricultural and monetary policies of the Community, and prefaced by a rapid historical riffle of the ups and downs in that bilateral relationship. The conclusion is drawn that the Community interlocked the two countries in such a way as to make disengagement costly in spite of increasing divergences, and that this engranage was possible because of the Cold War context.
Topic:
Conflict Resolution, Cold War, and International Organization
Political Geography:
Europe and Germany

17370. Theoretical Explanations of Trade Competitiveness and a North American Application

Author:
Imtiaz Hussain
Publication Date:
01-1998
Content Type:
Working Paper
Institution:
Centro de Investigación y Docencia Económicas
Abstract:
How do we reconcile economic competitiveness with trade regionalism? This exploratory investigation first takes stock of how competitiveness has been defined by both economists and political scientists, then extracts an inclusive model from the different literatures, and finally broadly assesses business transactions and trends across North America using that model. Beginning with the Ricardo-Viner and Hecksher-Olin explanations, various types of competitiveness articulated by Michael Porter, Mancur Olson, and David Mares are subsequently brought in. preliminary findings presented as hypotheses for future testing, suggest that: that evaporation of hegemony has resulted in multiple claims to competitiveness across North America, policy convergences are more widespread and common than ever before, regional-level cooperation provides an efficient means for all three countries to offset global competitiveness, and domestic interests, though still a potential veto force, are slowly embracing, rather than opposing, supranational efforts.
Topic:
International Relations, Economics, and International Trade and Finance
Political Geography:
Europe and North America

17371. Agriculture and Supranationalism: A Comparative Study on North American and West European Policy-Making Experiences

Author:
Imtiaz Hussain
Publication Date:
01-1998
Content Type:
Working Paper
Institution:
Centro de Investigación y Docencia Económicas
Abstract:
The proliferation of regional trading blocs in the 1990s raises a fundamental question: To what extent is policy-making shifting from the national government to a regional entity? The conversion of GATT into the World Trade Organization, also in the 1990s, further complicates the search for an answer since new or revitalized multilateral rules also exert influences upon policy outcomes. I apply that question to a study of farm policy, with the European Union and the North American Free Trade Agreement (NAFTA) as my cases. The next two sections profile the importance of agriculture and my rationale in selecting the two cases before pointing gout the organization of the remainder of the study.
Topic:
Agriculture and International Trade and Finance
Political Geography:
Europe and North America

17372. The Role of the Private Sector in the Evolution of US Technology Policy

Author:
Judith Mariscal and John B. Horrigan
Publication Date:
01-1998
Content Type:
Working Paper
Institution:
Centro de Investigación y Docencia Económicas
Abstract:
Technology policy in the United States has undergone a dramatic transformation in the past ten to twelve years, as the government has increasingly played an active role in the high-tech sector and as the sector itself has faced growing competition from foreign competitors. Truths (or apparent truths) which once were unquestioned—that the U.S. government should only intervene in technology for national security reasons, that entrepreneurial high-tech firms operate best as "lone rangers" in the marketplace—have been closely scrutinized. The result of such scrutiny is that government and industry have changed their perceptions about their roles in a world in which the economic and competitive environment shifts rapidly. Another outcome is that technology policy has taken on increasing importance in U.S. policy circles. We see in the Clinton Administration plans to promote the information superhighway, proposals to overhaul the way in which the telecommunications industry is regulated, support for government-industry research consortia, closer linkage of trade and technology policy, and in general a much closer industry government relationship with the high-tech sector.
Topic:
Economics, Government, and Science and Technology
Political Geography:
United States

17373. Dispute Settlement, Domestic Institutions and Political Integration in North America: A Comparative Study

Author:
Imtiaz Hussain
Publication Date:
01-1998
Content Type:
Working Paper
Institution:
Centro de Investigación y Docencia Económicas
Abstract:
Created to cultivate interaction between domestic and supranational economic arrangements/institutions, the North American Free Trade Agreement is in increasing need of arrangements/institutions which bridge political boundaries as well. The document's binational panels, for instance, have been authorized to review domestic duty determinations, but have also dragged domestic political practices, customs, arrangements, and institutions into the supranational arena, in turn exposing potentially deep differences across national boundaries. A comparative study of both basic and complex domestic political structures, affected directly or indirectly by NAFTA's dispute settlement procedures, reveals: that as reciprocal relationships increase, arrangements and/or institutions at both levels, domestic and supranational, become more vulnerable; and that different experiences across national boundaries may produce uneven degrees of integration. These findings lead to an explorative assessment of political integration stemming form the economic integration currently underway.
Topic:
International Relations, International Trade and Finance, and Politics
Political Geography:
North America

17374. European Integration and Franco-German Relations: Erbreindschaft or Engrenage?

Author:
Imtiaz Hussain
Publication Date:
01-1998
Content Type:
Working Paper
Institution:
Centro de Investigación y Docencia Económicas
Abstract:
Given the historical depth of Franco-German enmity, or erbfeindschaft, how have integrative efforts in West Europe been shaped by this rivalry? Three sets of tensions are identified in addressing that question: the theoretical tussle to explain West European integration; the explosive historical relationship between the two countries; and their cooperative, complementary relationship in European Community policy-making. For analytical purposes, two hypotheses connect these sources of tension in the multifaceted, complicated subject matter of Franco-German relations. These are that when the Cold War was in full fury, both countries found cooperation a far superior strategy than discord; and when the Cold War ended, disagreements increased without eliminating cooperation . Both are tested through a comparative study of agricultural and monetary policies of the Community, and prefaced by a rapid historical riffle of the ups and downs in that bilateral relationship. The conclusion is drawn that the Community interlocked the two countries in such a way as to make disengagement costly in spite of increasing divergences, and that this engrenage was possible because of the Cold War context.
Topic:
International Relations, Cold War, and International Cooperation
Political Geography:
Europe, Germany, and Maryland

17375. Environmental Protectionism and Comparative Observations in West Europe and North America

Author:
Imtiaz Hussain
Publication Date:
01-1998
Content Type:
Working Paper
Institution:
Centro de Investigación y Docencia Económicas
Abstract:
Environmental concerns were seen by some as "a welcome guest in the free trade party" when they were first taken seriously in the early 1990s. Although they have since mushroomed in size and significance, the debate rages if policy measures are responding to demand. Trading behavior, for example, has not altered appreciably owing to the mounting pressures, but agreements increasingly acknowledge the need for safeguards. On the one hand is the problem of public pressure, very often of grassroots origins, upon policy-makers at all levels—multilaterally, internationally, regionally, nationally, and locally. On the other is the inquiry if policy impact is evolving differently, not only at various policy-making levels, but also in various parts of the world. How, indeed, have concerns and policy measures meshed? My broad response elaborates why environmental protectionism is chosen as a topic first, then explains the selection of cases for comparison, before turning to theoretical considerations, the empirical study itself, and finally drawing conclusions and implications, all in that order.
Topic:
Development and Environment
Political Geography:
Europe and North America

17376. Banking Sector Development in Kazakhstan

Author:
Eugene Spiro
Publication Date:
12-1998
Content Type:
Working Paper
Institution:
EastWest Institute
Abstract:
The EastWest Institute convened in partnership with the Kazakhstan Institute of Management, Economics and Strategic Research (KIMEP) International Conference on Banking Policies on December 9-12, 1998. The purpose of the conference was to present Kazakh officials, academicians and bankers with practices (best and otherwise) in CEE and the West on bank privatization and reduction of the state's role in banking; costs and benefits of foreign strategic investment in the banking sector; and issues related to bank supervision, regulation and deposit insurance.
Topic:
Development, Economics, and International Trade and Finance
Political Geography:
Kazakhstan and Asia

17377. Democracy in External Policymaking

Author:
Renata Dawn
Publication Date:
11-1998
Content Type:
Working Paper
Institution:
EastWest Institute
Abstract:
Since 1992-93, the EastWest Institute (EWI) has been organizing meetings of a 'Strategy Group for Strengthening Cooperation in Central and Eastern Europe'. The Strategy Group brings together representatives of the Central and Eastern European Associates of the European Union and Ukraine (an d Western states and neighbouring countries where appropriate) to discuss the security challenges facing the region. The Strategy Group aims to foster the development of cooperative solutions to the problems facing Central and Eastern Europe. Participants in Strategy Group conferences and workshops come from diverse backgrounds, including governmental representatives, politicians, business people, academics and non-governmental representatives.
Topic:
International Relations and Democratization
Political Geography:
Ukraine, Eastern Europe, and Maryland

17378. Strategic Images: Perceptions of Russia in the USA and of America in Russia

Author:
Dag Hartelius and Natasha Randall
Publication Date:
11-1998
Content Type:
Working Paper
Institution:
EastWest Institute
Abstract:
Over the last year we have witnessed a deteriorating climate in Russian-Western relations - or at least this has been the perception. The Russian financial crisis has accelerated the trend in Russia to blame the West - in particular the US - for their troubles. In America and Europe a new debate has been spawned on what kind of Russia we are now dealing with. Old truths, or old perceptions, are being questioned and relations are being reassessed.
Topic:
International Relations and Economics
Political Geography:
Russia, United States, America, Europe, and Asia

17379. EWI Baltic Initiative Fund

Author:
Rado Petkov and Rick Petree
Publication Date:
10-1998
Content Type:
Working Paper
Institution:
EastWest Institute
Abstract:
In this report we wish to provide a brief account of what the EWI Baltic Initiative Fund has accomplished in its first year, and of some of the things we are hoping to achieve in the future. Our experience over the past eighteen months has convinced all of us at EWI that there is a job to be done, and that we have a real contribution to make. The very favorable responses we continue to receive from our Baltic partners encourage us to believe that our program is indeed worthwhile and fills an important need.
Topic:
International Relations, Economics, and Government
Political Geography:
Eastern Europe and Maryland

17380. Russian Financial Crisis Assessment 5: September 9, 1998

Author:
Rado Petkov and Rick Petree
Publication Date:
09-1998
Content Type:
Working Paper
Institution:
EastWest Institute
Abstract:
The Communist dominated Duma sent a stern message to President Yelstin on September 7th by rejecting his nominee, Viktor Chernomyrdin, for the second time. The vote was 273 against and 138 for (with one abstention). While Chernomyrdin's showing improved substantially from the Duma's first ballot, he still fell far short of the 226 votes needed for Duma approval. Furthermore, his gains came largely from Zhirinovsky's nationalist faction, which has a crass history of trading votes to “the highest bidder.” Yelstin's opposition, on the other hand, benefited from the support of independent deputies comprising a group called “Regions of Russia”: their approval of Chernomyrdin dropped from 86% to 50% in the second round.
Topic:
Conflict Prevention, Economics, and Government
Political Geography:
Russia, Europe, and Asia