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58941. Private Investment as a Financing Source for Microcredit

Author:
Carter Garber
Publication Date:
01-1997
Content Type:
Working Paper
Institution:
The North-South Center, University of Miami
Abstract:
In this paper, economist and development finance consultant Carter Garber examines the process of complementing donations and commercial bank credit with private investments as a source of capital for international microenterprise finance. First, he describes the large expectations for private capital in the rapid growth of microenterprise finance. Second, Garber discusses the varied sources of private capital, especially those involving socially responsible investment. The third and central section is an examination of eight “socially responsible investment” mechanisms that currently channel $27 million of U.S. private credit to microfinance lending institutions. Garber demonstrates the variety of available mechanisms and examines their track record to date. The final section identifies policy changes that will be necessary for these types of private investment in microenterprise to grow fast enough to meet the expected demand during the coming decade.
Topic:
Economics and International Trade and Finance

58942. The New National Security Environment and its Impact on the Civilic-Military Relations in Bulgaria

Author:
Plamen Pantev
Publication Date:
01-1997
Content Type:
Case Study
Institution:
Institute for Security and International Studies (ISIS)
Abstract:
Civil-military relations as one of the indicators and factors for the consolidat ion of democracy in the national and international societies are undergoing deep - in some cases, or more gradual changes - in others. The absence of a univers al theory of how the relations between civil society and its military should loo k like is no reason to neglect the various sources of transformation in the civi l-military relations' field: First, the changing mission of the democratic military in the post-Cold War era; Second, the high-tech and especially the infotech revolutions that change largel y the roles of the military profession and its missions; Third, the social processes of the less developed South, or the so called "third " or "developing world" and, Fourth, the democratic transitions in the postcommunist or rather post-totalitar ian socialist world. Bulgaria is subjected to deep systemic social changes as a former totalitarian s ocialist society and state. At the same time the post-Cold War global, regional and sub-regional security situation strongly, and in some cases even decisively , motivates the national security and the more general social transformations an d adaptations. Bulgarian society and its military component cannot be isolated from the revolutionary technological and especially information technological ch anges - another major factor of understanding the complexity of the present situ ation in this country and in its armed forces.
Topic:
National Security, Military Affairs, and Post Cold War
Political Geography:
Europe and Bulgaria

58943. NATO Enlargement: Two Looks from Outside

Author:
Laszlo Nagy and Valeri Ratchev
Publication Date:
02-1997
Content Type:
Special Report
Institution:
Institute for Security and International Studies (ISIS)
Abstract:
Bulgaria’s missing institutional or effective bilateral contact pillars of national security, the conscientious alienation of Bulgaria by Russia and the treatment of the country by the west as a partner of secondary or even lesser importance endangers the very integrity of the Bulgarian society, the security of the Balkan subregion as well as the stability of Europe in general. Bulgaria desperately needs an anchor for its national security system and Laszlo Nagy’s and Valeri Ratchev’s considerations add importantly for the clarification of the issue. This Research Report is a part of the research activity of ISIS of openly and honestly assessing the needs, interests and the possible solutions of the Bulgarian national security dilemmas in the context of an All-European system of cooperation and stability.
Topic:
NATO, International Cooperation, National Security, and Political stability
Political Geography:
Russia, Europe, and Bulgaria

58944. America's New Deal with Europe: NATO Primacy and Double Expansion

Author:
Carl Conetta
Publication Date:
10-1997
Content Type:
Working Paper
Institution:
Project on Defense Alternatives
Abstract:
Including analysis relevant to the 2022 Ukraine crisis, this article addresses NATO expansion, burdensharing, the Balkans crisis, and relations with Russia and Germany. The American debate and public opinion regarding NATO enlargement is reviewed as well.
Topic:
Defense Policy, NATO, Conflict, and Regional Power
Political Geography:
Russia, Europe, Ukraine, Germany, Balkans, North America, and United States of America

58945. Latin America and the Second Clinton Administration

Author:
Mark Falcoff
Publication Date:
02-1997
Content Type:
Special Report
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
Presidents of the United States are elected to govern the American people, not the Latin American republics. Consequently, one should be neither surprised nor particularly troubled by the fact that many of our chief executives have failed to elicit much enthusiasm south of the border. Indeed, given the genuine differences of national self-interest, we would have ample reason to worry were it otherwise. Even so, one cannot help noticing how very unpopular the first Clinton administration has been in Latin America and with what trepidation most of the republics face the prospects of a second four years.
Topic:
International Relations, Foreign Policy, Economics, Trade, and Bill Clinton
Political Geography:
Latin America and United States of America

58946. Time to End the Certification Circus

Author:
Mark Falcoff
Publication Date:
04-1997
Content Type:
Special Report
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
More than a decade ago, the U.S. Congress established a procedure whereby each year the president must “certify” that a given country is cooperating with us in the eradication of drug production and trafficking. Governments that lag behind, show little enthusiasm for our crusade, or are found colluding with narco-lords are subject to sanctions. Those “decertified” are denied foreign assistance, as well as U.S. votes for loans at the international financial institutions. Such countries–or, rather, our investors in their countries–also become ineligible for premiums from the Overseas Private Investment Corporation (OPIC).
Topic:
Foreign Policy, Defense Policy, Narcotics Trafficking, and Drugs
Political Geography:
Latin America and United States of America

58947. Brazil: The Twisted Path to Reform

Author:
Mark Falcoff
Publication Date:
05-1997
Content Type:
Special Report
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
Although Mexico is, without doubt, the most important Latin American country for the United States, by any standard Brazil should rank close behind. It represents our second largest export market in the region and has become the second largest venue of U.S. investment there. More to the point, in many ways, Brazil is South America, in the sense that its economy is larger than that of all its neighbors combined. In many ways, it is a trendsetter for an entire continent. The success or failure of President Fernando Henrique Cardoso’s reform program will decisively shape the future of Argentina, Uruguay, and Paraguay and influence strongly developments in Ecuador, Colombia, Peru, and Bolivia.
Topic:
Foreign Policy, Economics, Government, and Reform
Political Geography:
Brazil, Latin America, and United States of America

58948. Arms Sales: An Old Issue Revisited

Author:
Mark Falcoff
Publication Date:
06-1997
Content Type:
Special Report
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
Is the United States on the verge of pushing the major Latin American countries into a new arms race? Time seems to think so, to judge by a long article in the April 14 issue. Subtitled “the inside story of how the Pentagon and big defense contractors got the President to open the way for weapons sales to Latin America,” Time claims to provide the background to the Clinton administration’s current review of arms transfer policy. In so doing, the article revives an old controversy, namely, what role the United States plays (or should play) in the acquisition (or denial) of expensive military hardware, particularly to countries that lie within its own sphere of influence and, in the opinion of arms control experts, humanitarians, and journalists, “don’t need weapons at all.”
Topic:
Foreign Policy, Defense Policy, Arms Control and Proliferation, and Arms Trade
Political Geography:
Latin America

58949. Mexico’s Midterm Elections: A Major Turning Point?

Author:
Mark Falcoff
Publication Date:
07-1997
Content Type:
Special Report
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
On July 6, Mexicans will go to the polls to elect a new Chamber of Deputies, renew a quarter of the Senate, and choose governors and legislators in six states. They will also have the opportunity to elect–for the first time–the governor of Mexico City, a position that, until now, has been appointive rather than elected. These races amount to both a midterm referendum on the stewardship of President Ernesto Zedillo and a crucial test of his ruling Institutional Revolutionary Party (PRI).
Topic:
Foreign Policy, Politics, Reform, Elections, and Health Crisis
Political Geography:
Latin America and Mexico

58950. Argentina: Another Round at the Polls

Author:
Mark Falcoff
Publication Date:
10-1997
Content Type:
Special Report
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
This month President Clinton visits Argentina, a major South American country that in recent years has become one of our most valued and trusted Latin allies. His presence there will underscore the special relationship that President Carlos Sal Menem has forged with the United States, a relationship that is a mirror image of Argentina’s historic antagonism toward Washington and all its works. Clinton’s presence will also highlight Argentina’s significant victories in the economic field–in the war against inflation, in the struggle to reestablish creditworthiness, and, above all, in its efforts to attract significant new foreign investment from Western Europe, Japan, and the United States. The visit precedes by about ten days an important midterm election, which in all probability will determine the political lineup for that country’s 1999 presidential election. In this regard, the most important development has been the creation of a multiparty coalition, the Alliance, which will be running joint lists against the candidates of Menem’s own Peronist Party. If the Peronists hold their own on October 26, Menem will be tempted to make a bid for an unprecedented third term. If they are soundly defeated, the struggle for succession within Peronism will begin the morning after. But a victory for the Alliance by no means clearly points the way for the opposition, which is beset by profound divisions of its own. This vagueness makes these elections a particularly interesting lens through which to view Argentina’s continuing evolution.
Topic:
Foreign Policy, Defense Policy, Diplomacy, and Economics
Political Geography:
Argentina and Latin America