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57651. International — Capital Flight

Author:
Caspar Fithin
Publication Date:
09-2000
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
Not all capital outflows from developing countries should be characterised as capital flight; some are simply the analogues of outward FDI and portfolio diversification in the more advanced economies. Nonetheless, a substantial proportion is classic flight capital, linked to tax evasion or criminal activity, and transferred abroad via misinvoicing and complex financial transactions. Capital flight leads to a significant loss of investment in the most affluent developing countries, and a crippling one in the poorest. However, staunching the flow is likely to prove extremely difficult. It will require greater economic stability and institutional certainty in the source countries, and more rigorous tax enforcement and cooperation in the destination states.
Topic:
Economics, Emerging Markets, Government, International Trade and Finance, and Third World

57652. Russia — Gore Strategy

Author:
Caspar Fithin
Publication Date:
08-2000
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
Vice-President Al Gore officially accepted the Democratic presidential nomination at the party's National Convention in Los Angeles on August 17. A continued deficit in the polls forced Gore to use the convention as a platform to consolidate his base vote. He also sought to differentiate himself from the Clinton presidency, despite the fact that he has adopted similar positions to the outgoing administration on many key issues. If Gore is to win in November, he must convince voters that the current expansion, and the benign political climate that it has fostered, would be imperilled by a Bush presidency.
Topic:
Government and Politics
Political Geography:
Russia and United States

57653. United States — High-Tech Exports

Author:
Caspar Fithin
Publication Date:
08-2000
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The White House has loosened export restrictions in a number of high-technology sectors, setting a trend which is likely to be followed by the next administration. Tight export controls on high-tech products have become an expensive luxury that the United States can no longer afford. The liberalisation of remaining controls is therefore set to continue, whatever the partisan composition of the next Congress and the next administration.
Topic:
International Trade and Finance and Science and Technology
Political Geography:
United States

57654. Russia — Intelligence Influence

Author:
Caspar Fithin
Publication Date:
08-2000
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The recent increase in arrests on espionage charges and expansion of activity by Russia's security and intelligence agencies appears to be signalling a reversion to aggressive Cold War tactics. They are seeking to increase their political influence and appear to be testing the limits of the 'civilised' intelligence competition which has evolved in the last decade. While Moscow has the means and apparent will to intensify intelligence competition, its clumsy and outdated methods threaten the country's commercial interests and could harm broader foreign policy goals.
Topic:
Security, Foreign Policy, and Cold War
Political Geography:
Russia

57655. United States — Bush Presidency

Author:
Caspar Fithin
Publication Date:
08-2000
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
An analysis of Texas Governor George Bush's record as a modest tax cutter and education policy activist suggests that these issues would probably shape his policy preferences if he were elected president. A Bush White House would probably settle for smaller tax cuts than those the governor is currently proposing. It would also be likely to focus on achieving a series of moderately conservative education and crime reforms.
Topic:
Government, Politics, and Reform
Political Geography:
United States

57656. Lebanon — Border Deployment Doubts

Author:
Caspar Fithin
Publication Date:
07-2000
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
United Nations peacekeeping forces are expected to deploy to the Lebanese-Israeli international border soon. Considerable diplomatic efforts have been required to win 'acceptance' of the border by Beirut and Tel Aviv, and thereby enable UN deployment to the area from which Israel withdrew nearly two months ago. The United Nations is likely to find it even more difficult to implement the other terms of its mandate.
Topic:
Security and United Nations
Political Geography:
Middle East, Israel, and Lebanon

57657. International -- World Economic Propects

Publication Date:
07-2000
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
Official attention has shifted from the need to avert recession towards the problems of managing growth. There is some evidence that higher interest rates have begun to slow the expansion to a more sustainable pace in the Anglo-Saxon economies, but it remains unclear whether the principal central banks have done enough to bring demand growth back into line with sustainable increases in supply. The markets expect any further tightening to be limited, but the current position of the monetary authorities should probably be characterised as a pause in the tightening cycle, rather than the peak.
Topic:
Economics and Markets

57658. Mexico — Post-Election Challenges

Author:
Caspar Fithin
Publication Date:
07-2000
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
In the initial burst of euphoria that has accompanied the end of virtual one-party rule in Mexico, the magnitude of the challenge facing the incoming government is in danger of being overlooked. For those concerned with furthering democracy, it is enough that former Coca-Cola executive Vicente Fox will become the country's first president from outside the Partido Revolucionario Institutional (PRI) in more than seven decades. Investors, who sent the peso and the Mexico City bourse soaring after Sunday's election, are just happy that a clear winner emerged and that the feared collapse of governability has apparently been avoided.
Topic:
Government and Politics
Political Geography:
North America and Mexico

57659. United States - Senate Prospects

Publication Date:
06-2000
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
This year's Senate elections will be only modestly affected by the outcome of the presidential election. The Republicans currently hold a 55-45 seat advantage in the chamber, a margin that will be extremely difficult for the Democrats to overturn this November. The Democrats will therefore hope to gain three or four seats; a surge which would enable the party to launch a strong challenge to the Senate Republicans in 2002. Although more Republicans are seeking re-election this year, the Democrats are defending four of the five seats in which the incumbent senator is retiring (so-called 'open seats').
Topic:
Government and Politics
Political Geography:
United States and New York

57660. United States — Economic Propects

Publication Date:
05-2000
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The US economy is experiencing its longest-ever recorded period of sustained growth. The current expansion, which began in March 1991, is the longest of the 32 which have been registered by the Bureau of Economic Analysis since 1854 and is now in its tenth year and 110th month. Moreover, since 1995, real GDP has grown at an average annual rate of more than 4.25% -- a rate not experienced since the 1960s. The expansion is consistent with the changing pattern of business cycles, insofar as the average length of economic expansions has nearly doubled from about 2.5 years during 1900-53 to about 5 years in the second half of the century (while the average length of contractions has fallen to less than twelve months). However, even allowing for this transformation, the current expansion seems to be exceptional, both for its duration and its strength. The coincidence of a long and inflation-free expansion with the boom in information and communication technologies (ICT) has sparked a debate about their interdependence.
Topic:
Economics
Political Geography:
United States