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6841. United States/European Union — WTO Sanctions

Publication Date:
02-2002
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
US trade officials said last week that EU estimates of damages arising from US export subsidies were exaggerated. EU trade officials have asked the WTO to approve 4 billion dollars worth of trade sanctions against the United States, after the latter lost an appeal before the WTO on the tax treatment of foreign-source income — judged to be illegal export subsidies. Washington must amend its tax laws or face the prospect of retaliatory trade restrictions.
Topic:
Economics and International Trade and Finance
Political Geography:
United States, Europe, and Washington

6842. United States — Productivity Surprise

Publication Date:
02-2002
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The government announced yesterday that productivity increased at a 3.5% annual rate in the fourth quarter of 2001. The figure, previously available in its component form, has been interpreted as evidence of underlying improvement in productivity in the post-1995 period. Sustainability of productivity growth determines the reliability of fiscal forecasts, growth, inflation and unemployment.
Topic:
Economics and International Trade and Finance
Political Geography:
United States

6843. International — Development Davos

Publication Date:
02-2002
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
This week's piece examines the World Social Forum that opens today in Porto Alegre, Brazil. The forum is the 'anti-globalisation' counterpart to this week's World Economic Forum being held in New York. The outcome of this year's meeting will set the theme for the anti-globalisation movement and may include aggressive lobbying for a cross-border currency tax.
Topic:
Globalization, International Cooperation, International Organization, and International Trade and Finance

6844. Saudi Arabia/United States — Strained Relations

Publication Date:
01-2002
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
Crown Prince Abdallah bin Abd al-Aziz yesterday described relations with Washington as "excellent". Despite these remarks, US-Saudi ties are under greater strain than at any time since the 1973-74 oil embargo, with the value of relations under question in the media of both countries, reflecting public feelings. These sentiments are not shared by the governing elites in either Washington or Riyadh, but they are constraining how the governments deal with one another. The removal of US forces from the Prince Sultan Airbase might ease the domestic pressure on Riyadh and give it more room to cooperate with Washington on other matters related to the war on terrorism. However, if Washington targets Iraq militarily, and Saudi Arabia rejects US requests for cooperation, relations will be severely damaged.
Topic:
Diplomacy
Political Geography:
United States, Washington, Middle East, and Arabia

6845. European Union — ECB Policy

Publication Date:
01-2002
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
This week's piece examines the ECB's monetary and communication policy. The Governing Council of the ECB has appeared fairly unmoved either by widespread criticism of its communication policy or by growing pressure for lower interest rates. The ECB has no choice but to remain committed to its price stability mandate, despite the change in economic climate. However, in doing so, it remains vulnerable to the dilemmas posed by the combination of strong independence and a narrow mandate.
Topic:
Economics and Politics
Political Geography:
Europe

6846. International — Socially Responsible Investment

Publication Date:
01-2002
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
This week's piece examines the impact of strong growth and low volatility in socially responsible investment. Current trends suggest that fund managers and stock index compilers will introduce more socially responsible investment products in 2002. Of all the developments within the SRI (socially responsible investment) industry the high persistency rates of social investors stand out. If the growth of this asset class continues and if financial returns continue to be deprioritised among investors, gradual changes in the style and approach of corporate boards of directors, operations and accounting and disclosure will occur.
Topic:
Economics and International Trade and Finance

6847. A Private Hero for a Privatized Country

Author:
Leon Aron
Publication Date:
06-2002
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
The most interesting phenomenon on Russia's literary scene today is the popularity of the Erast Fandorin mysteries by Grigoriy Shalvovich Chkhartishvili, who writes as Boris Akunin.
Topic:
Democratization, Economics, and Emerging Markets
Political Geography:
Russia, Europe, and Asia

6848. Risk and Reward: U.S. - E.U. Regulatory Cooperation on Food Safety and the Environment

Author:
David L. Aaron and C. Boyden Gray
Publication Date:
11-2002
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
In recent years, environmental protection and food safety have been among the most volatile issues in the U.S.-European relationship. While they are now overshadowed somewhat by the transatlantic debate over Iraq and other political and military matters, tensions over environment and food safety are just below the surface, and — if not addressed — w ill have enduring corrosive and divisive effects. Indeed, the current acrimony over these issues has contributed to concern about an erosion of shared transatlantic values and a deterioration in U.S.-European relations generally. Moreover, as recently demonstrated at the Johannesburg UN summit on sustainable development, the failure of the United States and Europe to work together on these issues does not just have bilateral consequences. It represents a significant lost opportunity to provide leadership in addressing environment and food safety on a global level. The United States and Europe have both been leaders in these areas — a fact that is overlooked far too often in the current debate. The impact of their current differences has been felt most concretely in the transatlantic trade arena, in a series of persistent disputes. But these differences represent far more than just another transatlantic trading issue. Unless they now find a way to reconcile their different perspectives and approaches, the United States and the European Union will miss real opportunities to work together in addressing global environmental and public health issues.
Topic:
Environment and Human Welfare
Political Geography:
United States and Europe

6849. The Twain Shall Meet: The Prospect for Russia - West Relations

Author:
Charles Grant, Christopher J. Makins, Sergey Rogov, Christoph Bertram, and Robert Nurick
Publication Date:
09-2002
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
The integration of Russia into the West will be one of the most important, and most difficult, tasks facing the United States and Europe during the next decade. Yet a closer relationship with the West will be key to the development of Russian prosperity, democracy, and stability – achievements that will benefit the West as well as Russia. The attacks on September 11 and the resulting campaign against terrorism have given a decisive push to this effort, providing the political will for closer cooperation between Russia and the West.
Topic:
Development
Political Geography:
Russia, United States, Europe, and Asia

6850. New Capabilities: Transforming NATO Forces

Author:
C. Richard Nelson, Robert Hunter, and George Joulwan
Publication Date:
09-2002
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
Of the three important topics on the agenda for the Prague summit – New Capabilities, New Members and New Relationships – the issue of “ new capabilities ” is particularly critical. How well this issue is handled will determine in large measure how members and others, particularly potential adversaries, think about NATO in the future.
Topic:
Security and NATO
Political Geography:
United States and Europe