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54291. Banking and Finance Assistance

Author:
Eugene Spiro
Publication Date:
08-2001
Content Type:
Working Paper
Institution:
EastWest Institute
Abstract:
The Banking and Finance Assistance Centre (BFAC) of the East West Institute is an independent, international centre whose mission is to provide assistance to financial sector leaders in the transition economies of Central and Eastern Europe (CEE) and the former Soviet Union (FSU). BFAC was established in 1992 by the East West Institute in response to the need expressed by bank executives and finance officials in CEE for a centre to provide impartial, professional, technical advice and assistance in the course of designing and implementing reform initiatives. Supported, among others, by the EWI network and in particular the United States Agency for International Development, BFAC's projects also cover capital markets and pension reform and small- and medium-sized enterprise development.
Topic:
Development and Economics
Political Geography:
United States, Europe, and Eastern Europe

54292. Globalization and Democracy

Author:
Michael Hardt
Publication Date:
10-2001
Content Type:
Working Paper
Institution:
Institute on Globalization and the Human Condition, McMaster University
Abstract:
The discourse of globalization has become dominant in recent years in an extraordinarily wide variety of contexts, equally on the left and on the right – from journalism to public policy discussions, from business strategy to labor organizing, and within the university across the social sciences and humanities. It is something like the discourse on postmodernism that blossomed about a decade earlier but seems to me even more extensive. This paper is an attempt to sort out some of the political positions taken within the discourse on globalization to help clarify the stakes in the globalization debates and the political consequences of the various theoretical and empirical claims. My assumption, in fact, is that political positions or desires dictate to a large extent the various analytical characterizations of globalization. What I will attempt, then, is to construct a typology of positions on globalization using the question of democracy as the first line of division. In other words, I will first divide theories in two groups: those who claim that globalization fosters democracy and those who maintain that globalization hinders or obstructs democracy. I will further divide these positions into arguments on the right and those on the left because this is a context in which I believe there remain very clear divisions between right and left, and it would be incoherent to group them together.
Topic:
Globalization, International Political Economy, and Political Economy

54293. Governing Global Finance: Financial derivatives, liberal states and transformative capacity

Author:
William D. Coleman
Publication Date:
10-2001
Content Type:
Working Paper
Institution:
Institute on Globalization and the Human Condition, McMaster University
Abstract:
Global finance is simultaneously one of the most globalized and one of the most esoteric sectors in the world economy. Within global finance, perhaps no activity is more esoteric and more difficult to understand than the buying and selling of derivatives. Their names are familiar perhaps – futures, options, forwards, swaps – but their nature is obscure. Simply put, derivatives are financial instruments that are used to hedge risk. If a Canadian corporation knows that it will want to buy 50 million US dollars on foreign exchange markets in three months time, it can arrange a fixed price for that purchase using a financial contract called a derivative. In doing so, it lowers the risk of the price of the currency changing drastically before it purchases the amounts it needs.
Topic:
Globalization, Government, International Trade and Finance, and Markets
Political Geography:
United States and Canada

54294. Inequality, Growth and Poverty in the Era of Liberalization and Globalization

Author:
Julius Court and Giovanni Andrea Cornia
Publication Date:
11-2001
Content Type:
Policy Brief
Institution:
United Nations University
Abstract:
Eradicating poverty has become the international community's number one development objective. The overriding target—endorsed at the recent United Nations Millennium Summit by virtually all world leaders—is to reduce the incidence of income-poverty in developing countries from 30 percent to 15 percent between 1990 and 2015. The problem is that that further progress has stalled and the number of people living in poverty has remained at around 1.2 billion people—a fifth of the world's population.
Topic:
Economics, Globalization, International Cooperation, and Poverty

54295. Access to Land and Land Policy Reforms

Author:
Alaine de Janvry and Elisabeth Sadoulet
Publication Date:
04-2001
Content Type:
Policy Brief
Institution:
United Nations University
Abstract:
Who should have access to land? What is the optimum definition of property rights and use rights in each particular context? Is government intervention justified to influence who has access to land and under what conditions? These questions remain, in most developing countries, highly contentious. It is indeed the case that land is all too often misallocated among potential users and worked under conditions of property or user rights that create perverse incentives. As a consequence, investments to enhance productivity are postponed, and responses to market incentives are weakened; many poor rural households are unable to gain sufficient (or any) access to land when this could be their best option out of poverty; land remains under-used and often idle side-by-side with unsatisfied demands for access to land; land is frequently abused by current users, jeopardizing sustainability; and violence over land rights and land use is all too frequent. With population growth and increasing market integration for the products of the land, these problems tend to become more acute rather than the reverse. As a result, rising pressures to correct these situations have led many countries to reopen the question of access to land and land policy reforms. While large scale expropriative and redistributive land reforms are generally no longer compatible with current political realities, there exist many alternative forms of property and use rights that offer policy instruments to alter the conditions of access to land and land use. A rich agenda of land policy interventions thus exists to alter who has access to land and under what conditions for the purposes of increasing efficiency, reducing poverty, enhancing sustainability, and achieving political stability.Historically, the most glamorous path of access to land has been through statemanaged coercive land reform. In most situations, however, this is not the dominant way land was accessed by current users and, in the future, this will increasingly be the case. Most of the land in use has been accessed through private transfers, community membership, direct appropriation, and market transactions. There are also new types of state-managed programmes of access to land that do not rely on coercion. For governments and development agents (NGOs, bi-lateral and international development agencies), the rapid decline in opportunities to access land through coercive land reform should thus not be seen as the end of the role of the state and development agents in promoting and altering access to land. The following paths of access to land in formal or informal, and in collective or individualized ownership can, in particular, be explored (Figure 1): (1) Intra-family transfers such as inheritances, inter-vivo transfers, and allocation of plots to specific family members; (2) access through community membership and informal land markets; (3) access through land sales markets; and (4) access through specific non-coercive policy interventions such colonization schemes, decollectivization and devolution, and land market-assisted land reform. Access to land in use can also be achieved through land rental markets (informal loans, land rental contracts) originating in any of these forms of land ownership. Each of these paths of access to land has, in turn, implications for the way land is used. Each can also be the object of policy interventions to alter these implications of land use. The focus of this policy brief is to explore each of these paths and analyse how to enhance their roles in helping increase efficiency, reduce poverty, increase equality, enhance sustainability, and achieve political stability.
Topic:
Demographics, Economics, and Government
Political Geography:
United States

54296. Inside Baltimore's Safety Net

Publication Date:
07-2001
Content Type:
Special Report
Institution:
Open Society Foundations
Abstract:
This report presents data from a series of surveys of safety net organizations, clients who access care at these sties, and the providers who work there. The goal of this project was to identify issues and needs facing clients at these sites and the unique role of safety net organizations in meeting these needs. An additional goal was to identify potential challenges to the mission and capacity of this network of providers that is caring for society’s most vulnerable and needy individuals. The surveys were conducted by medical students participating in the Soros Service Program for Community Health. This summer internship, part of the Open Society Institute’s Medicine as a Profession initiative, places first year medical students from around the country in community-based organizations for a seven-week internship. The students get to experience first-hand issues facing patients trying to access care in the face of poverty, addiction, abuse, and homelessness. They receive mentoring from a very talented and committed team of community providers and participate in an intensive curriculum that focuses on issues of professionalism facing physicians. The goal is to introduce students early in their education and training to positive examples of empowered communities and providers serving the needs of traditionally disenfranchised patient populations and to introduce the concepts and practice of patient advocacy.
Topic:
Labor Issues, Employment, Inequality, Public Policy, Welfare, and Public Health
Political Geography:
United States

54297. Monitoring the EU Accession Process: Judicial Independence

Publication Date:
09-2001
Content Type:
Special Report
Institution:
Open Society Foundations
Abstract:
The EU Accession Monitoring Program of the Open Society Institute was initiated in 2000 to encourage independent monitoring of the process by which the European Union is considering applications for membership from the ten candidate States of Central and Eastern Europe. The Program aims to contribute to this historic process by producing monitoring reports to complement the evaluations already being conducted by the European Commission, as reflected in its annual “Regular Reports” on candidate States’ progress towards meeting accession criteria. The enlargement of the European Union is a positive development, and independent monitoring is one means of magnifying its beneficial effects, both within the candidate States and in the EU itself.
Topic:
Regional Cooperation, European Union, and Nation-State
Political Geography:
Poland, Lithuania, Estonia, Bulgaria, Romania, Latvia, Czech Republic, Slovenia, and Slovakia

54298. Regional Identity in the Post-Cold War Balkans

Author:
Dimitar Bechev
Publication Date:
08-2001
Content Type:
Special Report
Institution:
Institute for Security and International Studies (ISIS)
Abstract:
Facing commonalities and yet fully aware of differences, this paper addresses the question whether there is a broader regional identity in the Balkans, which transcends national boundaries. It is critical to define what that specific identity means, what its political implications are, what the relationship between things national and regional is. Assuming identities and collective solidarities tend to be “discursively constructed, particularly enacted, and historically situated” (Wendt, 1994) or “plural, malleable, flexible” (Ferguson and Mansbach, 1994), I argue that as far as the Balkans are concerned there are both unexplored possibilities and a number of impediments in the quest for broader and multiple conceptions of belonging. The paper proposes a middle way of dealing with the issue of the relationship between national and regional which focuses on the proposition that a regional system of international relations is gradually emerging, which configures state-to-state interactions in particular ways and provides grounds for new identifications. The first section of the paper underlies the merely practical implications of the project of self-determination and particularisation that has governed Balkan politics for at least 200 years and has triumphed with the last wave of national secessionism in the 1990s. The imperative to come up with modes of interstate co-operation inevitably leads to the question what the primary source of disunity is. Making some preliminary theoretical points (second section) and tracing the emergence of national identities and the demise of broader loyalties (third section), the paper proceeds to elaborate on two strategies attempting to reconcile parochialism and regionalism: the revaluation of the exclusivist narratives of ethnocentrism, and the construction of a specific regional political context that the Balkan states participate in. I consider the latter minimalist understanding superior and suggest that it contains the right explanation of Balkan regional identity.
Topic:
Politics, Regionalism, Post Cold War, and Identity
Political Geography:
Europe, Eastern Europe, and Balkans

54299. A New Era in Mexico?

Author:
Mark Falcoff
Publication Date:
02-2001
Content Type:
Special Report
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
Last July, Mexico underwent a medium-sized political earthquake—it elected Vicente Fox, candidate of an opposition alliance, to a six-year presidential term. In so doing, it ended seventy-one years of hegemonic rule by the Institutional Revolutionary Party (PRI) and unleashed a host of possibilities for the nation’s future. What are those possibilities, and what do they mean—for Mexico and the United States? The truth is that nobody—not even veteran Mexico-watchers—is quite sure. Fox himself is a man of paradox: His relationship with his own party is ambiguous, to say the least, and the platform on which he ran points both left and right, as do his cabinet appointments. Moreover, Mexico itself, long in the thrall of a kind of benevolent authoritarianism, is new to the art of divided government. While there may be some changes in the relationship with the United States, tensions and conflicts based on history, geography, and the vast asymmetries of wealth are bound to persist.
Topic:
Foreign Policy, Defense Policy, Politics, Authoritarianism, and Elections
Political Geography:
Latin America and Mexico

54300. An Emerging Populist Threat?

Author:
Mark Falcoff
Publication Date:
06-2001
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
On May 14, Jackson Diehl, the deputy foreign editor of the Washington Post, raised an intriguing question in an op-ed for that newspaper: Is Latin America about to “drift back toward its one-time status as semi-hostile territory for the United States”? Some of the evidence he cited was certainly enough to give pause. In Nicaragua, Daniel Ortega, that country’s former Marxist president—voted out of office in 1990—seemed poised to finally regain power later this year. In Peru, Alan García, the leftist-populist windbag—the consummate Latin demagogue, almost a caricature of the type—who drove his country to the verge of collapse in the 1980s, has reemerged as a presidential possibility in a runoff scheduled for June 3. In Brazil, Luiz Inácio Lula da Silva, the perennial standard-bearer of the Left, is leading in the polls for next year’s presidential race. “Even in El Salvador,” Diehl writes, President Bush “may see the election of former FMLN guerrillas.” As to Venezuela, the machinations of its president, Hugo Chávez, hardly require comment; he makes no secret of the fact that his principal foreign policy objective is to forge a new, worldwide, anti-U.S. alliance.
Topic:
Foreign Policy, Economics, Populism, and Hugo Chavez
Political Geography:
South America, Latin America, and Venezuela