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231. Disasters and Dividends: An Asia-Pacific Strategy for Canada

Author:
Jesse MacLean, Andrew McCauley, and Emily Newcombe
Publication Date:
10-2014
Content Type:
Policy Brief
Institution:
Centre for International Governance Innovation
Abstract:
Canada has demonstrated a strong interest in strengthening economic partnerships across the Asia-Pacific, having recently expanded its diplomatic presence in the region through the establishment of a mission to the Association of Southeast Asian Nations (ASEAN), and reaffirmed its desire to join such forums as the East Asia Summit. While Canadian officials routinely find themselves simply passing through Asian capitals, Canada's market share in the Asia-Pacific is below potential and Canada lags behind in comprehensive trade agreements signed with the region's states (Dobson 2012). As Canada seeks to expand trade ties in the Asia-Pacific, its active engagement must come not only through sustained presence in economic forums, but also through tangible investment in the region's security architecture.
Topic:
Security, Disaster Relief, and Humanitarian Aid
Political Geography:
Canada and Asia

232. Strengthening Canada's Copyright System: A Fairer Mechanism for Fair Use Claims

Author:
Cory Campbell and Scott Janz
Publication Date:
10-2014
Content Type:
Policy Brief
Institution:
Centre for International Governance Innovation
Abstract:
By granting limited monopolies to rights holders and securing profits from the sale and circulation of their works, copyright law is an important mechanism for incentivizing innovation and the creation of cultural content. However, limiting how users interact with protected materials also imposes a number of social costs, such as threatening the ability of individuals to express themselves by engaging with protected media and hindering cumulative innovation. Modern copyright law has sought to minimize these social costs through fair use provisions, which allow for the reasonable use of copyrighted material.
Topic:
Science and Technology and Intellectual Property/Copyright
Political Geography:
Canada

233. Equator Principles Reporting: Do Financial Institutions meet their Goals?

Author:
Olaf Weber
Publication Date:
08-2014
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
The Equator Principles (EP) are a voluntary code of conduct for assessing, managing and reporting environmental and social impacts in project finance. This paper analyses the compliance of the 79 Equator Principles Financial Institutions (EPFI) with the seven mandatory requirements: annual reporting, disclosure of the number of transactions, assessment, risk categories, sector, region and implementation. The three findings from this study are that while all EPFIs required to disclose information do so, at least partially, only about five percent disclose all the information required by the EP guidelines. In addition, the larger the EPFI, with respect to its total assets and membership duration, the higher the reporting quality. In conclusion, further mechanisms are needed to guarantee transparent reporting of environmental and social project finance impacts.
Topic:
Environment, Human Welfare, and Reform
Political Geography:
Canada

234. Organizational Culture, Learning and Structure in Central Banks: Best Practices and the Case of the Moroccan Central Bank

Author:
Bessma Momani and Samantha St. Amand
Publication Date:
08-2014
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
This paper provides both theoretical and empirical evidence that maintains that a central bank's organizational structure, culture and learning system are important for achieving best governance practices. It argues that a central bank's organizational structure and culture facilitate the effective implementation of governance practices that have been enacted by law or in a strategic plan, with specific reference to central bank independence, communication, transparency, professionalization, technical excellence and reputation risk management.
Topic:
Governance and Reform
Political Geography:
Canada and Morocco

235. A Markov Switching Approach to Herding

Author:
Pierre Siklos, Martin T. Bohl, and Arne C. Klein
Publication Date:
12-2013
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
Existing models of market herding suffer from several drawbacks. Measures that assume herd behaviour is constant over time or independent of the economy are not only economically unreasonable, but describe the data poorly. First, if returns are stationary, then a two-regime model is required to describe the data. Second, existing models of time-varying herding cannot be estimated from daily or weekly data, and are unable to accommodate factors that explain changes in this behaviour. To overcome these deficiencies, this paper proposes a Markov switching herding model. By means of time-varying transition probabilities, the model is able to link variations in herding behaviour to proxies for sentiment or the macroeconomic environment. The evidence for the US stock market reveals that during periods of high volatility, investors disproportionately rely on fundamentals rather than on market consensus.
Topic:
Economics, Globalization, International Trade and Finance, Markets, and Financial Crisis
Political Geography:
United States and Canada

236. ASEAN-Canada Forum and Public Symposium 2013: Reflections on an Inclusive and Equitable ASEAN Community in 2015

Publication Date:
08-2013
Content Type:
Working Paper
Institution:
Centre for Non-Traditional Security Studies, S. Rajaratnam School of International Studies
Abstract:
The ASEAN-Canada Enhanced Partnership Plan of Action (2010- 2015) represents the latest effort in a relationship that dates back to 1977, the year that Canada became one of the first countries to be designated a Dialogue Partner of ASEAN. According to the Plan of Action, ASEAN and Canada will 'work and consult closely in responding to regional and international challenges, and in building an ASEAN-centred regional architecture which is open and inclusive'. They will also 'promote the development of enhanced ASEAN connectivity which will help foster the building of an ASEAN Community by 2015'.
Topic:
Development, Economics, and Treaties and Agreements
Political Geography:
Canada and Asia

237. Canada's Fiscal Reforms

Author:
Chris Edwards
Publication Date:
04-2013
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
Two decades ago Canada suffered a deep recession and teetered on the brink of a debt crisis caused by rising government spending. The Wall Street Journal said that growing debt was making Canada an "honorary member of the third world" with the "northern peso" as its currency. However, Canada reversed course and cut government spending, balanced its budget, and enacted pro-market reforms. It reduced trade barriers, privatized businesses, and slashed its corporate tax rate. The economy boomed, unemployment plunged, and the formerly weak Canadian dollar soared to reach parity with the U.S. dollar. The Canadian reforms were hugely successful. Today, the United States is in as bad or worse fiscal shape than Canada was in. U.S. leaders need to make major fiscal and economic reforms, and they can learn many lessons from Canadian efforts to restrain government and create a more competitive economy.
Topic:
Reform
Political Geography:
United States and Canada

238. The Coming Arctic Boom

Author:
Scott G. Borgerson
Publication Date:
07-2013
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
No matter what one thinks should be done about global warming, the fact is, it's happening. And its effects are not all bad. In the Arctic, it is turning an impassible region into an emerging epicenter of industry and trade.
Topic:
Government
Political Geography:
Canada

239. Britain needs to think bigger

Author:
Phillip Blond
Publication Date:
06-2013
Content Type:
Journal Article
Institution:
Chatham House
Abstract:
Looking at structural problems that can blinker academic innovation
Topic:
Governance
Political Geography:
Britain, America, and Canada

240. Sources of Tension in the Asia-Pacific: Strategic Competition, Divided Regionalism and Non-traditional Security Challenges

Author:
James Manicom
Publication Date:
08-2013
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
There are a number of strategic challenges currently affecting the Asia-Pacific. In a period of global uncertainty, China has emerged as a confident and powerful actor, while the ability of the United States to remain the region's hegemonic power has come into question. Maritime boundary claims, regionalism and unresolved Cold War sovereignty disputes are a source of considerable uncertainty. A number of non-traditional security challenges are also emerging, including energy and food insecurity, cyber security and the threat of a climate catastrophe-related humanitarian crisis. Canada and Australia — resource-based economies with a record of bilateral and institutional engagement in the region, and important US allies — have an interest in these challenges, and in ensuring regional strategic stability that promotes economic growth.
Topic:
Development, Economics, and Governance
Political Geography:
United States, China, Canada, Israel, Australia, Australia/Pacific, and Asia-Pacific