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5901. Manufacturing Extremism: Political Consequences of Profit-Seeking Media

Author:
Siddhartha Bandyopadhyay, Kalyan Chatterjee, and Jaideep Roy
Publication Date:
10-2015
Content Type:
Working Paper
Institution:
Nottingham Interdisciplinary Centre for Economic and Political Research (NICEP)
Abstract:
We analyze the consequences of a monopolistic, non-partisan, profit-maximizing media on policy divergence. The media undertakes costly coverage that may reveal the quality of an office-seeking political challenger only if quality-conscious voters pay an access fee. Voters are ideologically homogenous and the incumbent politician is a populist with known quality. We show that while media absence implies a populist challenger, media presence yields platform extremism: it creates demand for information about quality and provides incentives to the media to invest in coverage that are exploited by high-quality challengers to signal strength. Keywords: Unobserved quality, Political challenger, Demand for electoral news, Media coverage, Platform extremism.
Topic:
Politics, Elections, Media, and Political Extremism
Political Geography:
Global Focus

5902. Below the Threshold: The Law Governing the Use of Force Against Non-State Actors in the Absence of a Non-International Armed Conflict

Author:
Daniel Hessel, Julia Shu, and Sarah Weiner
Publication Date:
12-2015
Content Type:
Working Paper
Institution:
Center for Global Legal Challenges, Yale Law School
Abstract:
Boko Haram attacks civilians in Nigeria. The Islamic State launches attacks in Paris. Terrorists take hostages at a hotel in Mali. Mexican drug gangs threaten government officials and civilians. Houthi rebels seek to take control of the government in Yemen—and succeed. States increasingly face security threats from non-state actors, which have led states and observers to ask what states can do in response. What legal framework should apply? What constraints do states face? When can states resort to the use of military force to address threats posed to them by non-state actors, either on their own territory or on the territory of another state? The answer to these questions turns on whether the conflict in question rises to the level of a non-international armed conflict (NIAC). Based on the drafting history of international humanitarian law (IHL) governing NIACs, international jurisprudence, recent state practice, and academic commentary, this paper concludes that a NIAC does not exist unless the conflict passes an intensity threshold. In other words, the intensity of the conflict distinguishes generalized violence involving a non-state actor from a NIAC. Once the existence of a NIAC is established, states participating in it will be governed by relevant IHL.
Topic:
Non State Actors, Military Intervention, Conflict, and International Humanitarian Law (IHL)
Political Geography:
Nigeria and Global Focus

5903. Common Article 1 and Duty to "Ensure Respect"

Author:
Zachary Manfredi
Publication Date:
12-2015
Content Type:
Working Paper
Institution:
Center for Global Legal Challenges, Yale Law School
Abstract:
This paper investigates whether the “to ensure respect” clause of Common Article 1 of the 1949 Geneva Conventions creates third state obligations. Third state obligations could impose both negative and positive duties on states to ensure that other states and some non-state actors comply with the Conventions. This issue has gained salience in light of the imminent publication of new set of commentaries on the Conventions by the International Committee for the Red Cross. The new commentaries will likely suggest that third state obligations under Common Article 1 are robust. This paper assesses the anticipated ICRC position in light of both the drafting history of Common Article 1 and subsequent interpretations by major international tribunals and states. It concludes that Common Article 1 provides for some third state obligations, but that their scope and content remains underspecified and highly contested.
Topic:
International Law, Non State Actors, State, International Humanitarian Law (IHL), Geneva Convention, and ICRC
Political Geography:
Global Focus

5904. Defining Loss and Damage: Key challenges and considerations for developing an operational definition

Author:
Alexis Durand and Saleemul Huq
Publication Date:
08-2015
Content Type:
Policy Brief
Institution:
International Centre for Climate Change and Development (ICCCAD)
Abstract:
The idea of support for vulnerable countries that experience loss and damage (L&D) from climate change is nothing new, and countries have been proposing such an arrangement from the beginning of the UN Framework Convention on Climate Change (UNFCCC) negotiations. Pressure to institutionalize a UNFCCC mechanism on L&D has increased in response to the shortcomings of mitigation policy and the inadequacy of adaptation support for nations and communities already experiencing the worst effects of climate change. At the 18th Conference of Parties (COP) in Doha, the UNFCCC officially invited “all parties… to enhance action on addressing loss and damage” associated with the impacts of climate change and agreed to establish institutional arrangements to address L&D at COP 19. At COP 19 in 2013, the UNFCCC was charged with creating the “institutional arrangements… to address L&D” it had promised a year earlier. This mechanism created, dubbed the “Warsaw International Mechanism for Loss and Damage” (WIM), was given the role of addressing L&D from extreme and slow onset events in developing countries “particularly vulnerable” to effects of climate change.
Topic:
Climate Change, Development, United Nations, and Loss and Damage (L&D)
Political Geography:
Global Focus

5905. Loss and Damage in INDCs: An investigation of Parties’ statements on L&D and prospects for its inclusion in a Paris Agreement

Author:
Victoria Hoffmeister and Saleemul Huq
Publication Date:
12-2015
Content Type:
Policy Brief
Institution:
International Centre for Climate Change and Development (ICCCAD)
Abstract:
This paper discusses individual nations’ experiences with Loss and Damage (L&D), their plans to respond, and their calls for international support, as expressed in their Intended Nationally Determined Contributions (INDCs). It also considers the developed-developing nation divide that persists in support for addressing loss and damage within the COP and the importance of including L&D in a Paris agreement.
Topic:
Climate Change, Paris Agreement, Foreign Assistance, and Loss and Damage (L&D)
Political Geography:
Global Focus

5906. News shocks in the data: Olympic Games and their macroeconomic effects – Reply

Author:
Viktoria Langer, Wolfgang Maennig, and Felix J. Richter
Publication Date:
10-2015
Content Type:
Working Paper
Institution:
Chair for Economic Policy, University of Hamburg
Abstract:
Recent analyses relate increases in the growth rate of countries to anticipation effects caused by bidding for the Olympic Games, so called news shocks. We argue that these findings should be interpreted cautiously. First, these analyses may suffer from an omitted variable bias because they neglect key determinants of economic growth. Second, these analyses compare the bidders for the Olympic Games to all other countries in the world, which constitutes a comparison between groups that show large differences in their structural characteristics. We show that including established determinants of economic growth and comparing the bidders to a suitable control group may lead to a complete disappearance of the anticipated economic effects of Olympic Games.
Topic:
Economics and Macroeconomics
Political Geography:
Global Focus

5907. Beyond the crisis in Ukraine. Russian and EU perceptions of European security and potential implications for Europe and Norway

Author:
Pernille Rieker and Kristian Lundby Gjerde
Publication Date:
11-2015
Content Type:
Special Report
Institution:
Norwegian Institute of International Affairs
Abstract:
Recent developments in European security have shown the growing need for a better understanding of the dynamics that may both threaten and ensure security and stability on the European continent. This policy brief is based on the analysis made in a recent NUPI working paper (Rieker & Gjerde 2015) where we present in more detail the differing Russian and European perceptions of European security. In addition to providing an overview of the different perceptions, we also study what happens when the two collide like we have been witnessing in Ukraine. As much of the literature on these issues has been normatively driven, our aim has been to provide an objective presentation and analysis of the dominant Russian and EU discourses. This we see as essential for investigating the potential for constructive dialogue between Russia and the EU.
Topic:
Conflict Resolution, United Nations, and Peacekeeping
Political Geography:
Global Focus

5908. Who Wins Olympic Bids?

Author:
Wolfgang Maennig and Christopher Vierhaus
Publication Date:
10-2015
Content Type:
Working Paper
Institution:
Chair for Economic Policy, University of Hamburg
Abstract:
The prospect of hosting the Olympic Games is attractive to many cities around the world. This article examines 147 variables’ potential to discriminate successful from unsuccessful Olympic bids. Our stepwise, rank-ordered logistic regression model includes 10 determinants supporting the contention that economic, political and sports/Olympic factors are important for winning the host city election. IOC members favor cities if more than 2/3 of the population support the bid, but disfavor bidding cities of fewer than 2.5 million inhabitants and bids lacking a sufficient number of existing stadiums. Hosts are characterized by larger markets and higher medium-term growth economies. Olympic bids that follow a political liberalization are rewarded with additional votes. Moreover, successful bids are more experienced at hosting and have no dispute with the International Olympic Committee (IOC). Finally, we observe “it is the country’s turn” election behavior – countries that have not hosted the Olympics for a long period are preferred.
Topic:
Elections, Sports, Olympics, and Bids
Political Geography:
Global Focus

5909. Ensuring good governance and preventing corruption in the planning of major sporting events – open issues

Author:
Wolfgang Maennig
Publication Date:
07-2015
Content Type:
Working Paper
Institution:
Chair for Economic Policy, University of Hamburg
Abstract:
International sports will have to strengthen their efforts to exclude persons with morals in conflict with their sports. IOC and FIFA should mirror their top ambitions in athletic and financial areas by similarly leading ambitions to serve human mankind more generally. To encounter critiques that the organizing of major sporting events are „elitist actions“ IOC and FIFA should declare ex-ante referenda as a precondition for bidding. In order to reduce the funds available for corruption, the role of public finance in major sporting events should be overthought. At least broadcasters under public law public should be excluded from the bidding for TV. FIFA and other sporting federations should make public their payments to member federations etc and the underlying decision criteria.
Topic:
Corruption, Governance, Sports, Referendum, FIFA, and Public Finance
Political Geography:
Global Focus

5910. News shocks in the data: Olympic Games and their macroeconomic effects – Reply

Author:
Viktoria Langer, Wolfgang Maennig, and Felix J. Richter
Publication Date:
10-2015
Content Type:
Working Paper
Institution:
Chair for Economic Policy, University of Hamburg
Abstract:
Recent analyses relate increases in the growth rate of countries to anticipation effects caused by bidding for the Olympic Games, so called news shocks. We argue that these findings should be interpreted cautiously. First, these analyses may suffer from an omitted variable bias because they neglect key determinants of economic growth. Second, these analyses compare the bidders for the Olympic Games to all other countries in the world, which constitutes a comparison between groups that show large differences in their structural characteristics. We show that including established determinants of economic growth and comparing the bidders to a suitable control group may lead to a complete disappearance of the anticipated economic effects of Olympic Games.
Topic:
GDP, Sports, Economic Growth, Olympics, and Macroeconomics
Political Geography:
Global Focus

5911. Financialization Is Marketization! A Study on the Respective Impact of Various Dimensions of Financialization on the Increase in Global Inequality

Author:
Olivier Godechot
Publication Date:
12-2015
Content Type:
Working Paper
Institution:
Max Planck Sciences Po Center on Coping with Instability in Market Societies (MaxPo)
Abstract:
In this paper, we study the impact of financialization on the rise in inequality in 18 OECD countries from 1970 to 2011 and measure the respective roles of various forms of financialization: the growth of the financial sector; the growth of one of its subcomponents, financial markets; the financialization of non-financial firms; and the financialization of households. We test these impacts using cross-country panel regressions in OECD countries. As dependent measures we use Solt’s (2009) Gini index, the World Top Incomes Database, and OECD inter-decile inequality measures. We show first that the share of the finance sector within the GDP is a substantial driver of world inequality, explaining between 20 and 40 percent of its increase from 1980 to 2007. When we decompose this financial sector effect, we find that this evolution was mainly driven by the increase in the volume of stocks traded in national stock exchanges and by the volume of shares held as assets in banks’ balance sheets. By contrast, the financialization of non-financial firms and of households does not play a substantial role. Based on this inequality test, we therefore interpret financialization as being mainly a phenomenon of marketization, redefined as the growing amount of social energy devoted to the trade of financial instruments on financial markets.
Topic:
Economics, Income Inequality, Financialisation, OECD, and Marketization
Political Geography:
Global Focus

5912. Enhancing Climate Change Resilience in Fragile States

Author:
Katharina Nett
Publication Date:
09-2015
Content Type:
Working Paper
Institution:
Institute for Development and Peace
Abstract:
Climate change is increasingly perceived as a threat to human security and a challenge to the problem-solving capacity of states and societies, particularly in fragile states. While there is substantial literature on climate change adaptation in conflict-affected contexts, much less attention has been paid to how to enhance resilience in contexts of fragility and low state capacity. This paper argues that in order to effectively address the complex, in- tertwined risks resulting from the interplay of state fragility and climate change, a compre- hensive approach to resilience is needed that encompasses both climate change adapta- tion and state-building. An analysis of the climate change adaptation strategies and instru- ments of the UNFCCC and the EU shows that while there are some promising first ap- proaches, donors and international organisations working in the field of climate change adaptation need to build their adaptation strategies on a thorough understanding of the fragile context and take more action to adjust their policy instruments to the special needs of fragile states.
Topic:
Security, Climate Change, Environment, Governance, Fragile States, and Resilience
Political Geography:
Global Focus

5913. Human Rights Due Diligence through Stakeholder Engagement?

Author:
Brigitte Hamm and Anne Schax
Publication Date:
01-2015
Content Type:
Special Report
Institution:
Institute for Development and Peace
Abstract:
The report examines to what extent stakeholder engagement as a form of private governance can contribute to a corporation’s human rights due diligence performance. It takes as the basis for investigation a case study of a stakeholder engagement program implemented by the oper- ating company SMI for a planned copper-gold mine in the Philippines during the project’s pre- operational phase. The analysis examines criteria for good stakeholder engagement set out by the International Finance Corporation (IFC) and uses the UN Guiding Principles on Business and Human Rights as the conceptual framework. For the case investigated here, it is established that SMI’s stakeholder engagement program as well as the IFC’s guidelines evince several shortcomings from a human rights perspective, which in turn negatively affect other due dili- gence processes.
Topic:
Human Rights, United Nations, Governance, and Humanitarian Crisis
Political Geography:
Philippines, Asia-Pacific, and Global Focus

5914. Minority Women’s Hard Choices when Seeking Redress for Multiple Discrimination

Author:
Tove H. Malloy
Publication Date:
10-2015
Content Type:
Policy Brief
Institution:
European Centre for Minority Issues (ECMI)
Abstract:
Minority women face several dilemmas when they seek redress for multiple discrimination through international human rights instruments. Although human rights instruments are universal in nature, they address either specific issues or they target specific categories of beneficiaries. A minority woman suffering multiple discrimination cannot, therefore, claim her rights in one place but must direct her petition to several instruments. Since this is rarely feasible, minority women may have to make the very hard choice between seeking redress as women, or as members of a minority, or as individuals experiencing specific discrimination. This is no small matter as minority women often suffer discrimination on multiple accounts as members of both social and cultural groups. This Issue Brief explores the legal obstacles that minority women encounter because of their complex human condition.
Topic:
Gender Issues, Minorities, Ethnicity, Discrimination, and Identity
Political Geography:
Global Focus

5915. Monetary Policy, Trend Inflation and the Great Moderation: An Alternative Interpretation - Comment

Author:
Jonas E. Arias, Guido Ascari, Nicola Branzoli, and Efrem Castelnuovo
Publication Date:
01-2015
Content Type:
Commentary and Analysis
Institution:
Board of Governors of the Federal Reserve System
Abstract:
Working with a small-scale calibrated New-Keynesian model, Coibion and Gorodnichenko (2011) find that the reduction in trend inflation during Volcker's mandate was a key factor behind the Great Moderation. We revisit this finding with an estimated New-Keynesian model with trend inflation and no indexation based on Christiano, Eichenbaum and Evans (2005). First, our simulations confirm Coibion and Gorodnichenko's (2011) main finding. Second, we show that a trend inflation-immune Taylor rule based on economic theory can avoid indeterminacy even at high levels of trend inflation such as those observed in the 1970s.
Topic:
Economics, Monetary Policy, Economic Theory, and Inflation
Political Geography:
Global Focus

5916. Risk Choices and Compensation Design

Author:
Mark Carey and Bo Sun
Publication Date:
01-2015
Content Type:
Commentary and Analysis
Institution:
Board of Governors of the Federal Reserve System
Abstract:
We analyze the impact of bad-tail risks on managerial pay functions, especially the decision to pay managers in stock or in options. In contrast to conventional wisdom, we find that options are often a superior vehicle for limiting managerial incentives to take bad-tail risks while providing incentives to exert effort. Arrangements similar to collar options are able to incent the desired project choice in wider range of circumstances than call options or stock. However, information requirements appear high. We briefly explore alternatives with features similar to maluses and clawbacks, which are a bit like weakening the limited liability of managers.
Topic:
Labor Issues, Risk, Business Management, Stock Markets, and Wage Growth
Political Geography:
Global Focus

5917. Large Capital Inflows, Sectoral Allocation, and Economic Performance

Author:
Gianluca Benigno, Nathan Converse, and Luca Fornaro
Publication Date:
03-2015
Content Type:
Commentary and Analysis
Institution:
Board of Governors of the Federal Reserve System
Abstract:
This paper describes the stylized facts characterizing periods of exceptionally large capital inflows in a sample of 70 middle- and high-income countries over the last 35 years. We identify 155 episodes of large capital inflows and find that these events are typically accompanied by an economic boom and followed by a slump. Moreover, during episodes of large capital inflows capital and labor shift out of the manufacturing sector, especially if the inflows begin during a period of low international interest rates. However, accumulating reserves during the period in which capital inflows are unusually large appears to limit the extent of labor reallocation. Larger credit booms and capital inflows during the episodes we identify increase the probability of a sudden stop occurring during or immediately after the episode. In addition, the severity of the post-inflows recession is significantly related to the extent of labor reallocation during the boom, with a stronger shift of labor out of manufacturing during the inflows episode associated with a sharper contraction in the aftermath of the episode.
Topic:
Industrial Policy, Labor Issues, Capital Flows, Manufacturing, and Capital
Political Geography:
Global Focus

5918. Risk, Financial Development and Firm Dynamics

Author:
Bernardo Morias
Publication Date:
05-2015
Content Type:
Commentary and Analysis
Institution:
Board of Governors of the Federal Reserve System
Abstract:
I document that the average productivity of firms tends to increase, and its variance to decrease, as they age. These two facts combined suggest that managers learn to reduce their mistakes as they operate. I develop a quantitative framework mimicking these dynamics and find that young firms have substantially higher financing costs due to lower and riskier returns. In this scenario, a reduction in the financial development of an economy raises disproportionately the cost of credit of young-productive firms increasing the input misallocation within this subgroup. To test the validity of the theory, I find that the data confirms some novel predictions on a series of firm-level moments. Finally, I show that introducing these two facts allows the model to better explain the relation between financial and economic development.
Topic:
Development, Economic Theory, Risk, Fiscal Policy, Models, and Productivity
Political Geography:
Global Focus

5919. International Financial Spillovers to Emerging Market Economies: How Important Are Economic Fundamentals?

Author:
Shaghil Ahmed, Brahima Coulibaly, and Andrei Zlate
Publication Date:
05-2015
Content Type:
Commentary and Analysis
Institution:
Board of Governors of the Federal Reserve System
Abstract:
We assess the importance of economic fundamentals in the transmission of international shocks to financial markets in various emerging market economies (EMEs). Our analysis covers the so-called taper-tantrum episode of 2013 and six earlier episodes of severe EME-wide financial stress since the mid-1990s. Cross-country regressions lead us to the following results: (1) EMEs with relatively better economic fundamentals suffered less deterioration in financial markets during the 2013 taper-tantrum episode. (2) Differentiation among EMEs set in quite early and persisted throughout this episode. (3) Controlling for economic fundamentals, we also find that, during the taper tantrum, financial conditions deteriorated more in those EMEs that had earlier experienced larger private capital inflows and greater exchange rate appreciation. (4) For earlier episodes, we find little evidence of investor differentiation across EMEs being explained by differences in their relative vulnerabilities during EME crises of the 1990s and early 2000s. (5) That said, differentiation across EMEs based on fundamentals does not appear to be unique to the 2013 episode. Differences in economic fundamentals played a role in explaining the heterogeneous EME financial market responses during the global financial crisis of 2008, and the role of fundamentals appeared to progressively increase through the European crisis in 2011 and subsequently the 2013 taper tantrum.
Topic:
Economics, Emerging Markets, Markets, Exchange Rate Policy, Fiscal Policy, and Economic Crisis
Political Geography:
Global Focus

5920. Crisis? What Crisis? The World Bank and Housing Finance for the Poor

Author:
Elisa Van Waeyenberge
Publication Date:
07-2015
Content Type:
Working Paper
Institution:
School of Oriental and African Studies - University of London
Abstract:
This paper provides a critical assessment of the Bank’s housing policies, against the backdrop of far- reaching transformations of the financial sector across the world and a persistently dire shelter situation in developing countries. It situates the Bank’s housing stance historically since its initial involvement in the sector in the early 1970s. This allows to shed light on systemic and analytical tendencies bearing on Bank housing policy with significant implications for the Bank’s current policy stance, including its response (or lack thereof) to the dramatic experience with housing finance laid bare through the global financial and economic crisis.
Topic:
International Cooperation, Poverty, World Bank, Finance, Housing, and Economic Crisis
Political Geography:
Global Focus

5921. The Offshore-Intensity Ratio: Identifying the Strongest Magnets for Foreign Capital

Author:
Jan Fichtner
Publication Date:
11-2015
Content Type:
Working Paper
Institution:
City Political Economy Research Centre (CITYPERC), University of London
Abstract:
This paper presents the Offshore-Intensity Ratio ʹ a simple and straightforward way to identify which countries and jurisdictions could be seen as offshore financial centres(OFCs). By setting the aggregated amount of external capital booked in a jurisdiction in relation to the size of its domestic economy, we get a ratio that expresses the strength with which the particular jurisdiction has acted as a magnet for foreign capital. Sixteen jurisdictions are identified as probable OFCs, including the Cayman Islands, the British Virgin Islands, Bermuda and Luxembourg, but also Ireland and the Netherlands. A novel visualization shows the role of the largest offshore centres in contemporary global finance.
Topic:
Finance, Capital, Financial Systems, and Tax Havens
Political Geography:
Global Focus

5922. Social Institutions and Gender Inequality in Fragile States: Are They Relevant for the Post-MDG Debate?

Author:
Boris Branisa and Carolina Cardona
Publication Date:
01-2015
Content Type:
Working Paper
Institution:
Institute for Advanced Development Studies (INESAD)
Abstract:
We focus on an issue that appears particularly relevant for fragile states and which has received little attention: social institutions related to gender inequality, defined as societal practices and legal norms that frame gender roles and the distribution of power between men and women in the family, market, and social and political life. We show empirically that fragile states perform worse than other non-fragile developing countries when considering these social institutions. We suggest that a special set of indicators reflecting social institutions related to gender inequality in both fragile states and non-fragile states should be considered in the post-MDG agenda.
Topic:
Development, Inequality, Millennium Development Goals, Fragile States, and Institutions
Political Geography:
Global Focus

5923. The Bounty of the Sea and Long-Run Development

Author:
Carl-Johan Dalgaard, Anne Sofie B. Knudsen, and Pablo Selaya
Publication Date:
09-2015
Content Type:
Working Paper
Institution:
Institute for Advanced Development Studies (INESAD)
Abstract:
What is the long run impact on development from di§erences in subsistence strategies during preindustrial times? Whereas this question has been explored from the point of view of agriculture, remarkably little attention has been paid to the complementary strategy of relying on marine resources. As a step towards closing this gap, we construct an index ñìthe Bounty of the Sea index ñwhich captures the potential abundance of exploitable marine Ösh that individual countries have had access to, and proceed to explore its correlation with economic development. Our analysis reveals that a greater Bounty of the Sea stimulated pre-industrial development, and that countries inhabited by people with ancestry in regions with abundant marine resources are richer today. Probing possible underlying reasons, we Önd that populations with ancestry in regions rich in marine resources di§er from societies with a purely agrarian legacy in terms of institutions, cultural values and average personality traits.
Topic:
Culture, Institutions, Economic Development, Fishing, and Personality
Political Geography:
Global Focus

5924. An Experimental Game on Entrepreneurship and Labour Protection Policy

Author:
Beatriz Muriel and Marcelo Gutierrez
Publication Date:
12-2015
Content Type:
Working Paper
Institution:
Institute for Advanced Development Studies (INESAD)
Abstract:
We developed a game, in the line of experimental economics, using an expected utility framework, applied to 108 participants. Specifically, we evaluated the hypothesis that, facing uncertainty over potential employees’ skills, employers prefer a flexible labour policy rather than a protectionist one, and when the option of flexible labour contracts is not available, they choose not to undertake a business, reducing job creation. The empirical results show that 79.3% of participants prefer a flexible labour policy, as well as that when this option is excluded, some participants abstain from business undertakings---reducing job creation---, and instead become workers.
Topic:
Economics, Labor Issues, Employment, Risk, and Flexibility
Political Geography:
Global Focus

5925. Why Give Aid to Resource-Rich Autocrats?

Author:
Mare Sarr, Chiara Ravetti, and Tim Swanson
Publication Date:
11-2015
Content Type:
Working Paper
Institution:
Centre for International Environmental Studies, The Graduate Institute (IHEID)
Abstract:
Why give aid to resource-rich autocrats? We find that the interaction between natural resources and most forms of international aid results in enhanced political instability in most autocratic countries. Interestingly, some types of government aid (notably humanitarian aid) do not have this effect, indicating that the impact of aid varies with its form. Furthermore, we find that only aid structured in the form of loans (rather than grants) is more likely to flow toward resource-rich autocracies. This combination of loans with any political instability they may induce, can create speculative rights (for the donor) in the resource-riches of the recipient country. This potential claim on resources provides one important strategic reason to give aid to resource-rich autocrats. Aid can act as a form of foreign intervention in the pursuit of regime change, and claims on resources.
Topic:
Foreign Aid, Economic Growth, Dictatorship, Autocracy, Resource Management, and Looting
Political Geography:
Global Focus

5926. Using discrete choice experiments to regulate the provision of water services: Do status quo choices reflect preferences?

Author:
Bruno Lanz and Allan Provins
Publication Date:
02-2015
Content Type:
Working Paper
Institution:
Centre for International Environmental Studies, The Graduate Institute (IHEID)
Abstract:
Discrete choice experiments (DCE) are increasingly used to quantify the demand for improvements to services provided by regulated utility companies and inform price controls. This form of preference elicitation, however, often reveals a high frequency of status quo (SQ) choices. This may signal an unwillingness of respondents to evaluate the proposed trade-offs in service levels, questioning the welfare theoretic interpretation of observed choices and the validity of the approach for regulatory purposes. Using the methodology for DCE in the regulation of water and sewerage services in England and Wales, our paper contributes to the understanding of SQ choices in several novel dimensions. First, we control for the perception of the SQ and the importance of attributes in day-to-day activities. Second, we use a split sample design to vary both the description of the SQ and the survey administration mode (online vs. in-person). Third, the service attributes can both improve or deteriorate, so that the SQ is not necessarily the least-cost option. Fourth, we examine SQ choices in individual choice tasks and across all tasks so as to identify the determinants of serial SQ choices. Our results suggest that individual SQ choices mostly reflect preferences and thus represent important information for the regulator. However, serial SQ choices are mainly driven by cognitive and/or contextual factors, and these responses should be analysed as part of standard validity tests.
Topic:
Regulation, Economy, Decision-Making, Utilities, Cost-Benefit Analysis, and Status Quo
Political Geography:
Global Focus

5927. Emissions Trading in the Presence of Price-Regulated Polluting Firms: How Costly Are Free Allowances?

Author:
Bruno Lanz and Sebastian Rausch
Publication Date:
01-2015
Content Type:
Working Paper
Institution:
Centre for International Environmental Studies, The Graduate Institute (IHEID)
Abstract:
We study whether to auction or to freely distribute emissions allowances when some firms participating in emissions trading are subject to price regulation. We show that free allowances allocated to price-regulated firms effectively act as a subsidy to output, distort consumer choices, and generally induce higher output and emissions by price-regulated firms. This provides a cost-effectiveness argument for an auction-based allocation of allowances (or equivalently an emissions tax). For real-world economies such as the Unites States, in which about 20 percent of total carbon dioxide emissions are generated by price-regulated electricity producers, our quantitative analysis suggests that free allowances increase economy-wide welfare costs of the policy by 40-80 percent relative to an auction. Given large disparities in regional welfare impacts, we show that the inefficiencies are mainly driven by the emissions intensity of electricity producers in regions with a high degree of price regulation.
Topic:
Climate Change, Regulation, Electricity, Pollution, and Price
Political Geography:
Global Focus

5928. Chasing After the Frontier in Agricultural Productivity

Author:
Jules-Daniel Wurlod and Derek Eaton
Publication Date:
11-2015
Content Type:
Working Paper
Institution:
Centre for International Environmental Studies, The Graduate Institute (IHEID)
Abstract:
This paper explores international productivity patterns in agriculture. We test whether countries higher productivity growth has been experienced by countries that were initially further from the technological frontier. Based on a panel of 84 countries at various levels of development, we find support for convergence among OECD countries but divergence in our sample at large over the period 1960-2010. We then test whether technological catch-up is conditional on absorptive capacities and domestic investments in R&D. While agricultural research intensity has a significant effect on labor productivity growth, the size of this effect decreases the further the country is from the frontier. We calculate a threshold level for the effectiveness of research intensity: increased R&D contributes to catching up to the frontier for those countries with a distance to the frontier less than 22. We also test for additional factors affecting productivity growth, and find that secondary education plays a strong role in less developed countries, while trade openness appears to have had a positive effect on productivity in middle income countries. On the other hand, there is little evidence of much effect, either positive or negative from IPR protection. Of perhaps greater interest is the apparent impact of economic growth outside of agriculture in driving agricultural productivity improvements.
Topic:
Agriculture, Education, Productivity, Research and Development, and Convergence
Political Geography:
Global Focus

5929. Avertive expenditures, endogenous quality perception, and the demand for non-market goods: An instrumental variable approach

Author:
Bruno Lanz
Publication Date:
08-2015
Content Type:
Working Paper
Institution:
Centre for International Environmental Studies, The Graduate Institute (IHEID)
Abstract:
In response to the perceived quality of a non-market good, households may choose to incur avertive expenditures as a substitute to its aggregate provision, thereby revealing an (inverse) demand function. When unobserved heterogeneity affects both perceived quality and avertive behavior, identification is plagued by a problem of endogeneity. In this paper, I propose to use a first stage model of perceived quality as a function of objective quality to address the endogeneity problem. The exclusion restriction is theoretically motivated, and requires people to have well-formed perceptions of the quality of the good. Moreover, the first stage quantifies the relationship between perceived and objective quality measures, so that this approach can provide micro-consistent marginal willingness to pay estimates for changes in the policy-relevant objective level of provision. As an illustration, I employ data on avertive expenditures for two qualitative aspects of household tap water supply: water hardness and aesthetic quality in terms of taste and odor.
Topic:
Water, Regulation, and Public Goods
Political Geography:
Global Focus

5930. 2015 Global Peace Index

Author:
Institute for Economics and Peace (IEP)
Publication Date:
06-2015
Content Type:
Special Report
Institution:
Institute for Economics & Peace (IEP)
Abstract:
A statistical analysis of the state of peace in 162 countries outlining trends in peace and conflict, the economic cost of violence, and an assessment of the attitudes, structures and institutions that sustain peaceful societies.
Topic:
Economics, Conflict, Institutions, and Peace
Political Geography:
Global Focus

5931. Peace and Corruption

Author:
Institute for Economics and Peace (IEP)
Publication Date:
05-2015
Content Type:
Special Report
Institution:
Institute for Economics & Peace (IEP)
Abstract:
This report explores the connections between peace and corruption, focusing on the empirical trends between the most authoritative measures of peace and corruption. It fills an important gap as the linkages between peace and corruption are still being deeply studied. The analysis finds that there is a statistically significant relationship between peace and corruption. The most striking aspect of this relationship is the presence of a ‘tipping point’. If a country has low levels of corruption then increases in corruption will have little effect on peace. However, once a certain threshold is reached then small increases in corruption can result in large decreases in peace.
Topic:
Corruption, Government, Peace, Police, and Judiciary
Political Geography:
Global Focus

5932. Managing Conflict after Civil War: The Power-Sharing and Power-Dividing Approaches

Author:
Matthew Hoddie
Publication Date:
08-2014
Content Type:
Commentary and Analysis
Institution:
Finnish Institute of International Affairs (FIIA)
Abstract:
This paper considers two institutional alternatives for managing conflict following the negotiated settlement of civil war. The most common set of institutional structures that former civil war combatants adopt are associated with power sharing. These power-sharing institutions may be constructed across the political, military, territorial, and economic dimensions of state power. Recent research suggests that post-civil war states that specify greater numbers of power-sharing institutions within their peace agreements tend to have a lower risk of the re-initiation of conflict. At the same time, critics of power sharing emphasize that these mechanisms lack a capacity to foster common identities among rivals and have characteristics that are inconsistent with the principles of democracy. An alternative to power sharing for states that are emerging from civil war is the adoption of power-dividing institutions. The core features of the power-dividing approach are limiting the scope of government authority and establishing a wide-ranging system of checks and balances intended to manage the competing interests within a country. In many respects, these institutional structures parallel those established by the constitution of the United States. Those who are sceptical about the power-dividing approach, however, point out that these institutions have not yet been adopted in any state emerging from civil war. It thus remains unclear how effective these structures would be at managing conflict within this particularly challenging environment.
Topic:
Civil War, Political Power Sharing, Democracy, Conflict, and Crisis Management
Political Geography:
Global Focus

5933. Natural Resource Governance: An In-Depth Subfield Mapping and Analysis

Author:
Leila Kazemi
Publication Date:
03-2014
Content Type:
Policy Brief
Institution:
Natural Resource Governance Institute
Abstract:
Since its incipient stages in the early 2000s, the field of natural resource governance (NRG) has greatly evolved and expanded, with new actors, approaches and target issues proliferating in recent years. Focusing on a core group of organizations working on NRG, this brief maps and analyzes their work with an eye to identifying and detailing areas of overlap and potential synergy to inform programming, strategy and priorities moving forward. At the organizational level, it examines how and why organizations focus their work in particular ways, the tools and strategies they deploy, and their self-perceived comparative advantages. At field level, this brief investigates the perceived collective impacts of NRG efforts thus far, emerging priority areas, and gaps across work that has been done to date. Throughout, particular attention is given to how the Revenue Watch Institute carries out its work and is situated in the field.
Topic:
Corruption, Natural Resources, Governance, and Accountability
Political Geography:
Global Focus

5934. Natural Resource Charter (2nd ed.)

Author:
Natural Resource Governance Institute
Publication Date:
06-2014
Content Type:
Policy Brief
Institution:
Natural Resource Governance Institute
Abstract:
The Natural Resource Charter is a set of principles to guide governments' and societies' use of natural resources so these economic opportunities result in maximum and sustained returns for a country's citizens. It outlines tools and policy options designed to avoid the mismanagement of diminishing natural riches, and ensure their ongoing benefits. The charter is organized around 12 core precepts offering guidance on key decisions governments face, beginning with whether to extract resources and ending with how generated revenue can produce maximum good for citizens. First launched in 2010 at the annual meetings of the International Monetary Fund and the World Bank, the charter was written by an independent group of practitioners and academics, under the governance of an oversight board composed of distinguished international figures with first-hand experience of the challenges faced by resource-rich countries. It relaunched at the 2014 Natural Resource Charter Conference in Oxford, England.
Topic:
Oil, Natural Resources, Business, Tax Systems, Mining, Revenue Management, and Licensing
Political Geography:
Global Focus

5935. Challenging the Conventional: Can Truth Commissions Strengthen Peace Processes?

Author:
The International Center for Transitional Justice (ICTJ)
Publication Date:
06-2014
Content Type:
Special Report
Institution:
The International Center for Transitional Justice (ICTJ)
Abstract:
This joint report by ICTJ and the Kofi Annan Foundation explores common assumptions about why truth commissions are created in the wake of armed conflict and what factors make them more likely to succeed – or fail. It arises from a high-level symposium hosted by the two organizations in November 2013, which provided an opportunity for policy makers, practitioners, and scholars with significant experience in peacebuilding and transitional justice to discuss and reflect on truth commissions and the challenges of addressing accountability in peace negotiations. The report includes a foreword by Mr. Kofi Annan, a summary of discussions, two analytical papers, five case studies, and a set of conclusions.
Topic:
Transitional Justice, Accountability, Armed Conflict, Truth and Reconciliation, and Truth Commissions
Political Geography:
Global Focus

5936. On the Importance of MC&A to Nuclear Security

Author:
Martha Williams
Publication Date:
02-2014
Content Type:
Working Paper
Institution:
Center for International and Security Studies at Maryland (CISSM)
Abstract:
Over the past fifty years, the threats posed by nuclear material and nuclear weapons have changed. These changes demand a new response. During the Cold War, the primary concern was that more States might establish programs to develop nuclear weapons. This is still a possibility, however, the concern of State proliferation of nuclear weapons has been joined by a new concern, namely the concern that a non-State actor might acquire a nuclear weapon or misuse nuclear or other radioactive material to create a disruptive nuclear security event. Because the threat has changed, international and national approaches to nuclear security need to change. Measures should be adopted world-wide that respond to the potential for a non-State actor to acquire and misuse nuclear material. (The primary subject of this paper is containing nuclear material threats. However, the same concepts that apply to nuclear material apply to other radioactive material, and from this point forward “nuclear material” could be interchanged with “nuclear and other radioactive material.”) The first step in preventing a non-State actor from acquiring nuclear material is for States to require nuclear facilities (i.e. organizations that possess nuclear material) to establish programs to maintain control over and account for the nuclear material that they possess. Most States already require a program of accounting for and control of nuclear material as part of their international nuclear safeguards programs. Enhancing existing nuclear material control and accounting (MC&A) programs could help to address the evolved threat to nuclear security, in addition to improving safeguards. This paper addresses the need to enhance existing MC&A programs to accommodate the needs of nuclear security. If you know what nuclear material you have, if you know where it is, and if you would recognize if it had gone missing, then you have taken the first step toward protecting people and the environment from misuse of it—one of the primary goals of nuclear security.
Topic:
Regulation, Nuclear Security, and Safeguarding
Political Geography:
Global Focus

5937. Anticipating Climate Mitigation: The Role of Small Modular Nuclear Reactors (SMRs)

Author:
John Steinbruner
Publication Date:
07-2014
Content Type:
Working Paper
Institution:
Center for International and Security Studies at Maryland (CISSM)
Abstract:
Global warming is likely to force assertive redirection of global energy markets in order to achieve a prudent standard of mitigation; the resulting process of energy transformation will fundamentally alter prevailing policies and institutional relationships. Efficiency gains and renewable technologies—wind, solar, and biomass—will presumably make substantial contributions, as will carbon sequestration to some extent. But at the moment it seems quite apparent that global mitigation cannot be achieved without a very substantial expansion of nuclear power generation. While current light water reactor technology will likely play a role, this paper argues that smaller modular reactors (SMRs) of innovative design, with innovative institutional arrangements, could contribute to meeting energy demands in a more safe and secure manner. Though many SMR designs are currently being developed, it is doubtful that any of them will be brought to the point of serial production by their current developers under currently projected market conditions. Completed prototype development would almost certainly have to be a public sector initiative undertaken in support of eventual mitigation. This paper explores the potential of developing international structures whereby multiple states and entities could develop several SMR prototypes and serial manufacturing hubs. The International Thermonuclear Experimental Reactor development process could prove to be a useful analogue to the arrangements necessary to support such large-scale SMR development and deployment.
Topic:
Climate Change, Nuclear Power, Energy, Nuclear Security, and Small Modular Reactors (SMRs)
Political Geography:
Global Focus

5938. Challenges to Developing a Global Satellite Climate Monitoring System

Author:
Mariel Borowitz
Publication Date:
07-2014
Content Type:
Working Paper
Institution:
Center for International and Security Studies at Maryland (CISSM)
Abstract:
Satellites are critical to the ability to understand and address climate change, due to their unique ability to provide comprehensive global monitoring of the environment. More than 30 nations have been involved in satellite Earth observations, with more than 200 satellite instruments operating in 2014 alone. However, gaps remain in the ability to adequately monitor global climate change, due in part to a lack of international consensus on the definition of an adequate monitoring system. This paper examines ongoing international efforts to identify the requirements of a global satellite climate monitoring system, including high-level efforts by the Global Climate Observing System (GCOS), the World Meteorological Organization (WMO), and the Committee on Earth Observing Satellites (CEOS), as well as efforts to define more detailed technical requirements being undertaken by GCOS, WMO, and the European Space Agency (ESA). Comparing the distinct processes and interim results of these groups highlights the lack of international consensus on the definition of an adequate global climate monitoring system. Developing such a system is a complex, multifaceted challenge, which requires expert technical knowledge of climate science and satellite capabilities as well as attention to political concerns for sovereignty and long-term international cooperation. The paper examines the adequacy of the current satellite monitoring capabilities by developing a comprehensive dataset including all unclassified Earth observation satellites operating or planned between 1990 and 2020. This analysis shows that within each international effort, gaps in the type of data collected are present. Even when some data is collected on a particular variable, it is not necessarily done in a way that meets technical requirements for climate assessment and forecasting. A lack of free and open data sharing compounds this challenge, further decreasing the amount of data contributing to international climate monitoring efforts. The lack of consensus on the requirements of a global climate monitoring system makes it difficult for nations to use international coordination mechanisms to plan and prioritize future satellite systems. The paper concludes by providing a series of recommended steps to improve harmonization among international efforts. This includes coordinating the bottom-up method used within GCOS with the top-down method used at WMO to identify concrete recommendations that will allow nations to prioritize investments that improve climate monitoring and/or improve the efficiency of the existing system. It recommends consolidating international efforts to define technical requirements to avoid duplication and facilitate prioritization among user groups with regard to which variables should be collected and what technical requirements must be met. A more systematic and integrated approach to system definition will make it possible for nations to shift and/or increase investments in satellite technology to better address agreed-upon needs and priorities.
Topic:
Climate Change, Science and Technology, Governance, Satellite, and Monitoring
Political Geography:
Global Focus

5939. Measuring the effectiveness of Norwegian peace facilitation

Author:
Javier Fabra-Mata
Publication Date:
01-2014
Content Type:
Commentary and Analysis
Institution:
Norwegian Centre for Conflict Resolution
Abstract:
Over the past twenty years Norway has established an international reputation as a peace facilitator. The Oslo Accords and Norway’s active involvement in other peace processes in the 1990s provided the basis for constructing a peace narrative around the supposed disinterestedness and uniqueness of the Norwegian approach, which has evolved over the years, with a major move towards the professionalisation of the country’s peace efforts. Critics have questioned the results and effectiveness of Norwegian peace engagement. While they point to the collapse of peace processes and conflict recurrence, Norwegians engaged in these processes take a more positive view, avoiding absolutes and underscoring instead less spectacular, but nonetheless important achievements. Over and above peace agreements, peace processes can generate a series of tangible and intangibles peace assets – e.g. confidence building, informal peace alliances, formal institutions, etc. – some of which may help to reduce the severity of the conflict and even survive the collapse of the peace process. This expert analysis deals with the issue of conceptualising success in peace facilitation. From a study of the fundamentals underlying Norwegian peace facilitation, it shows the importance of being able to measure the degree of success of peace processes, presenting a three-tier, modular proposal for Norway to capture tangible and intangible gains in the short, medium and long term.
Topic:
Negotiation, Dialogue, Professionalization, and Peace Process
Political Geography:
Norway and Global Focus

5940. Human security twenty years on

Author:
Shahrbanou Tadjbakhsh
Publication Date:
06-2014
Content Type:
Commentary and Analysis
Institution:
Norwegian Centre for Conflict Resolution
Abstract:
The concept of human security, which made its international debut in the 1994 UNDP Human Development Report, adds a people-centered dimension to the traditional security, development and human rights frameworks while locating itself in the area where they converge. Ever since, a number of countries have used the concept for their foreign and aid policies. Although it became the subject of a 2012 General Assembly Resolution, the concept still courts controversy and rejection twenty years after its introduction. Politically, its close association with the notion of the Responsibility to Protect in debates about international interventions has alienated Southern countries that are sceptical about violations of state sovereignty and new conditionalities for receiving aid. No country has adopted it as a goal at the national level, raising scepticism about its utility for domestic policymaking. Yet the concept represents a malleable tool for analysing the root causes of threats and their multidimensional consequences for different types of insecurities. It can be operationalised through applying specific principles to policymaking and can be used as an evaluative tool for gauging the impact of interventions on the dynamics of other fields. The article suggests that Norway not only pursues the goals of human security at the global level, but that it also leads in adopting it as a national goal by scrutinising the country’s domestic policies using this approach.
Topic:
Foreign Policy, Development, Human Rights, Responsibility to Protect (R2P), and Human Security
Political Geography:
Norway and Global Focus

5941. Advancing the Women, Peace and Security agenda: 2015 and beyond

Author:
Laura J. Shepherd
Publication Date:
08-2014
Content Type:
Commentary and Analysis
Institution:
Norwegian Centre for Conflict Resolution
Abstract:
This expert analysis evaluates the current state of the United Nations’ Women, Peace and Security agenda, with particular focus on three themes drawn from the most recent UN Security Council resolution (UNSCR) (S/RES/2122): the articulation of a whole-of-UN mandate for improving performance in the implementation of UNSCR 1325; the importance of civil society inclusion at all stages of peace and security governance, including conflict resolution and peace negotiations; and the upcoming High-Level Review that will take place in 2015 on the 15th anniversary of the adoption of UNSCR 1325.
Topic:
Security, Civil Society, United Nations, Women, and Peace
Political Geography:
Global Focus

5942. A new development era? The private sector moves to the centre

Author:
Evan Mawdsley
Publication Date:
09-2014
Content Type:
Special Report
Institution:
Norwegian Centre for Conflict Resolution
Abstract:
The last few years have witnessed the emergence of a loose but potent assemblage of ideas that have all but supplanted the recent “aid effectiveness” agenda. “Development effectiveness”, to use a term that became popular at the 2011 Busan High Level Forum on Aid Effectiveness, recentres economic growth as the principal engine of international development and foregrounds the private sector as the central driver of this growth. The concerns of good governance, social welfare and poverty reduction are not going to disappear, but their place in the sequencing and focus of many development actors and institutions is changing. Intertwined with this process is the rearticulation of foreign aid (official development assistance) as a catalyst for development, and the growing use of “blended” public and private finances to support investment and growth. If this growing trend in international development thinking and practice is to have genuine development outcomes, then (1) private-sector-led policies and programmes must actively engage with win-lose scenarios and not just assume win-win scenarios; and (2) the quality and not just quantity of economic growth must be supported by the articulation of clear and credible principles, institutional structures, and appropriate metrics and incentive mechanisms, and not simply aspirational statements.
Topic:
Development, Humanitarian Aid, Economic Growth, and Private Sector
Political Geography:
Global Focus

5943. Drugs, (dis)order and agrarian change: the political economy of drugs and its relevance to international drug policy

Author:
Jonathan Goodhand
Publication Date:
10-2014
Content Type:
Working Paper
Institution:
Norwegian Centre for Conflict Resolution
Abstract:
In May 2014 the School of Oriental and African Studies (SOAS) hosted a workshop, co-funded by NOREF and Christian Aid, designed to facilitate dialogue between scholars working on the political economy of drugs, conflict and development in Asia, Africa and Latin America. The workshop explored how political economy perspectives, derived from long-term empirical research on drugs-affected regions, can enhance understanding of, and policy responses to, drug production and trafficking. This approach, rather than seeing drugs as “exceptional” and “criminal”, seeks to situate the role of illicit economies within broader processes of state formation and agrarian change. Contributions to the workshop revealed the highly differentiated and context-specific dynamics of drug economies, and how different configurations of institutions and security markets can lead to different kinds of relationships between drugs, statebuilding, agrarian change and development. This research does not lend itself to simple policy narratives or prescriptions, but it does suggest that there can be no universal and de-contextualised solutions to “the drug problem”. Dogmatic and irreconcilable positions, adopted by both those advocating harsher prohibition and those arguing for blanket decriminalisation, fail to reflect sufficiently on the impacts such policies will have on drug-producing countries. A more grounded, comparative perspective is urgently needed in an arena where policies are often anything but evidence based and where data are patchy or politicised. Counter-narcotic (CN) strategies, based on a reification of the perceived linkages between drugs, instability and state fragility, often provide only a partial, and in some cases deeply misleading, insight into the economic and political orders that emerge around drug production. Political economy provides a corrective to these deeply entrenched biases and blind spots, by incorporating an analysis of aspects of drug economies and counter narcotics (CN) strategies that are frequently treated as residual or circumvented, including the varying levels and types of violence surrounding drug economies; the complex motives of those involved in drug production and trafficking; the linkages between licit and illicit commodities in processes of agrarian transformation; the potential developmental outcomes of drugs economies; the relationship between illicit economies and differing configurations of authority and rule; and a socially differentiated account of who gains and who loses from counter-narcotics policies. In doing so, political economy approaches provide a powerful analytical lens for developing a more contextually attuned public policy on drugs.
Topic:
Agriculture, Political Economy, and Drugs
Political Geography:
Global Focus

5944. 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

5945. 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

5946. 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

5947. American Views of the United Nations

Author:
Dina Smeltz
Publication Date:
09-2014
Content Type:
Research Paper
Institution:
Chicago Council on Global Affairs
Abstract:
The 69‎th session of UN General Assembly is being held against the backdrop of international crises that include the Ebola outbreak in West Africa, ISIS military gains in Iraq and Syria, and continuing negotiations with Iran. According to the recently released 2014 Chicago Council Survey of American opinion on foreign policy, majorities are confident in the UN’s ability to carry out humanitarian efforts and peacekeeping. They are more skeptical, however, of the UN’s effectiveness when it comes to preventing the spread of nuclear weapons, resolving international conflicts, and sanctioning countries that violate international law.
Topic:
International Relations and International Affairs
Political Geography:
Global Focus

5948. Americans Say Threat of Terrorism at Lowest Level in Twenty Years

Author:
Dina Smeltz, Craig Kafura, and Liz Deadrick
Publication Date:
09-2014
Content Type:
Research Paper
Institution:
Chicago Council on Global Affairs
Abstract:
As President Obama prepares to address the nation tomorrow night regarding the threat of the Islamic State of Iraq and Syria (ISIS), Chicago Council Survey results from May 2014 show that the Americans remain concerned about the threat of international terrorism, though less intensely now than in the past. Still, combating terrorism remains a top foreign policy goal for the US public, and one of the few situations where majorities of Americans say they are willing to support the use of US troops. That support is reflected in recent polls from CNN/ORC International and ABC News/Washington Post, which find majorities of Americans in favor of conducting airstrikes against ISIS.
Topic:
Terrorism and Geopolitics
Political Geography:
America and Global Focus

5949. Ensuring the Iran Negotiations Do Not Promote the Spread of Nuclear Weapons

Author:
Gregory S Jones
Publication Date:
09-2014
Content Type:
Working Paper
Institution:
Nonproliferation Policy Education Center
Abstract:
The negotiations with Iran on its nuclear program have been extended to November 24, 2014 from the original July 20, 2014 deadline. Recently there has been much discussion regarding the merits of various proposals relaxing the requirement that Iran restrict its centrifuge enrichment capacity. It has been suggested that perhaps Iran would only reduce its number of centrifuges by 50% instead of 85% or that when Iran reduces its enrichment capacity, instead of removing the centrifuges entirely, it would just disconnect some of the piping.
Topic:
Nuclear Weapons and Nuclear Power
Political Geography:
Global Focus

5950. Preventing Iranian Nuclear Weapons—Beyond the “Comprehensive Solution”

Author:
Gregory S Jones
Publication Date:
05-2014
Content Type:
Working Paper
Institution:
Nonproliferation Policy Education Center
Abstract:
Negotiations on Iran’s nuclear program are continuing in an effort to produce a follow-on agreement, termed the “Comprehensive Solution,” to the November 2013 “Joint Plan of Action” (JPA). Much of the discussion of the Comprehensive Solution has focused on the terms such an agreement should include to prevent Iran from being able to produce nuclear weapons. However, this objective will not be attainable unless the agreement addresses key aspects of Iran’s nuclear program, fixes the flaws in the JPA which seriously constrain any agreement and recognizes fundamental problems with International Atomic Energy Agency (IAEA) safeguards as currently implemented.
Topic:
Nuclear Weapons and Nuclear Power
Political Geography:
Iran and Global Focus