Search

Begin New Search Topic Economics Political Geography Europe

351. One size to fit all? Setting standards for European defence

Author:
Daniel Fiott
Publication Date:
04-2014
Content Type:
Policy Brief
Institution:
European Union Institute for Security Studies
Abstract:
While the crisis in Ukraine may contribute to a revision of defence expenditures in a number of European countries, the task of finding the right balance between cost-effective and strategicallyrelevant defence spending in Europe is still critical. As defence expenditure generally remains in decline across Europe, a range of innovative measures to ensure that defence budgets are spent more efficiently and effectively are being devised.
Topic:
Defense Policy and Economics
Political Geography:
Europe and Ukraine

352. Energy moves and power shifts: EU foreign policy and global energy security

Author:
Iana Dreyer and Gerald Stang
Publication Date:
02-2014
Content Type:
Working Paper
Institution:
European Union Institute for Security Studies
Abstract:
Energy security has climbed the list of EU energy and foreign policy priorities in the last decade. This process was accelerated by the shock of the 2006 and 2009 disruptions in Russian gas supply through Ukraine, and by the new possibilities offered by the Lisbon Treaty. Efforts have been directed at interconnecting national gas and electricity markets, diversifying energy suppliers and promoting rules-based energy trade in the wider European neighbourhood. The EU's primary energy security goals are to reduce the strategic dependence of individual member states on single external suppliers and to ensure that energy markets are liquid, open and functioning according to stable market rules rather than power logics. Yet energy security also needs to be balanced against environmental and economic competitiveness concerns.
Topic:
Economics, Energy Policy, International Trade and Finance, and Border Control
Political Geography:
Russia, Europe, and Ukraine

353. From Democracy to Military Dictatorship: Egypt 2013 = Chile 1973

Author:
Azzam Tamimi
Publication Date:
02-2014
Content Type:
Journal Article
Journal:
Insight Turkey
Institution:
SETA Foundation for Political, Economic and Social Research
Abstract:
During the months leading up to July 3, 2013, the state of Egypt mirrored that of Chile 40 years ago. What Egypt's Mohamed Mursi and Chile's Salvador Allende shared was the misfortune of coming to power with a relatively large majority and an adamant refusal to surrender. While there is no evidence of U.S. involvement in the process, America and its allies in the European Union have refrained from calling what happened in Egypt a coup. Egypt – much like Chile – will likely return to the path of democracy, though after considerable time and effort, and a projected roadmap that will likely generate further economic hardship and instability.
Topic:
Economics
Political Geography:
Europe, Egypt, and Chile

354. 'Broken and Can't Be Fixed': The Impact of the Economic Crisis on the Greek Party System

Author:
Susannah Verney
Publication Date:
03-2014
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
The Greek election of May 2012 failed to produce a government, resulting in repeat elections six weeks later. This shock outcome was a symptom of a broader delegitimation of the national political system. Over the past decade Eurobarometer data show a much more extensive loss of confidence in political institutions in Greece than in the European Union as a whole. In a first phase, rising political discontent was managed within the traditional political framework through alternation in power between the two major parties. In contrast, the second phase, following the outbreak of the Greek sovereign debt crisis, led to the dramatic fragmentation of the party system and changed the mode of government formation. This process is not reversible and entails serious democratic dangers.
Topic:
Debt, Economics, and Government
Political Geography:
Europe and Greece

355. The Five Star Movement: Exception or Vanguard in Europe?

Author:
Lorenzo Mosca
Publication Date:
03-2014
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
The enduring economic crisis, austerity measures and corruption scandals have created a favourable environment for the advent of new political actors all over Europe. During the last general elections (February 2013), Italy was shocked by the inexorable rise of the Five Star Movement. Beppe Grillo's creature upset the political system, occupying portions of the public sphere that had been ignored (the web) or gradually abandoned by traditional political parties (the squares). Its unusual campaigning style, its internet-based organisational structure, its atypical political positioning (beyond left and right), and its oversimplification of complex problems all help to explain its electoral performance, and distinguish it from similar anti-establishment parties that have emerged in Europe over the past decade.
Topic:
Corruption, Economics, and Environment
Political Geography:
Europe and Italy

356. America's Mega-Regional Trade Diplomacy: Comparing TTP and TTIP

Author:
Daniel S. Hamilton
Publication Date:
03-2014
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
The United States is currently negotiating two massive regional economic agreements, one with 11 Asian and Pacific Rim countries and the other with the 28-member European Union. The Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP) herald a substantial shift in US foreign economic policy as Washington turns its focus from the stalemated Doha Round of multilateral trade negotiations and scattered bilateral trade agreements to 'mega-regional' trade diplomacy. As the only party to both negotiations, Washington seeks to leverage issues in one to advance its interests in the other, while reinvigorating US global leadership.
Topic:
Diplomacy and Economics
Political Geography:
United States, Europe, Washington, and Asia

357. Perspectives on topical foreign direct investment issues

Author:
Rainer Geiger
Publication Date:
04-2014
Content Type:
Policy Brief
Institution:
Columbia Center on Sustainable Investment
Abstract:
Launched in July 2013 by the European Union and the United States, the Transatlantic Trade and Investment Partnership (TTIP) represents an important effort to reach a comprehensive economic agreement between two major trading partners. As has been pointed out, the project offers great opportunities for liberalizing trade and investment and regulatory convergence. Its level of ambition implies high risks, but despite negotiators' initial optimism, its success is far from certain. This Perspective focuses on the project's investment chapter, drawing lessons from the failed negotiations on a Multilateral Agreement on Investment (MAI), which was meant to consolidate the results of liberalization in the OECD area, establish new disciplines and introduce protection and dispute settlement.
Topic:
Economics, International Trade and Finance, and Treaties and Agreements
Political Geography:
Europe and North America

358. A Window of Opportunity to Upgrade EU Foreign Policy

Author:
Stefan Lehne
Publication Date:
05-2014
Content Type:
Working Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
As the financial crisis recedes and the European Union (EU) regains a measure of internal stability, pressure in Europe\'s neighborhood is on the rise. The Ukraine crisis and turmoil in the Middle East and North Africa have elevated foreign policy to the top of the EU\'s agenda. Whether the EU can make its external action more effective will depend in large part on institutional decisions made in 2014—the selection of a new leadership team and the reorganization of the European Commission.
Topic:
Security, Foreign Policy, Economics, Human Rights, and Regional Cooperation
Political Geography:
Europe, Ukraine, Middle East, and North Africa

359. Exports and Capacity Constraints: A smooth transition regression model for six euro-area countries

Author:
Ansgar Belke, Anne Oeking, and Ralph Setzer
Publication Date:
05-2014
Content Type:
Working Paper
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
The significant gains in export market shares made in a number of vulnerable euro-area crisis countries have not been accompanied by an appropriate improvement in price competitiveness. This paper argues that, under certain conditions, firms consider export activity as a substitute for serving domestic demand. The strength of the link between domestic demand and exports is dependent on capacity constraints. Our econometric model for six euro-area countries suggests domestic demand pressure and capacity-constraint restrictions as additional variables of a properly specified export equation. As an innovation to the literature, we assess the empirical significance through the logistic and the exponential variant of the non-linear smooth transition regression model. We find that domestic demand developments are relevant for the short-run dynamics of exports in particular during more extreme stages of the business cycle. A strong substitutive relationship between domestic and foreign sales can most clearly be found for Spain, Portugal and Italy, providing evidence of the importance of sunk costs and hysteresis in international trade.
Topic:
Economics, Human Rights, International Trade and Finance, and Financial Crisis
Political Geography:
Europe

360. Disappearing government bond spreads in the eurozone — Back to normal?

Author:
Paul De Grauwe and Yuemei Ji
Publication Date:
05-2014
Content Type:
Working Paper
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
Since the announcement of the Outright Monetary Transactions (OMT) programme by Mario Draghi, President of the ECB, in 2012, the government bond spreads began a strong decline. This paper finds that most of this decline is due to the positive market sentiments that the OMT programme has triggered and is not related to underlying fundamentals, such as the debt-to-GDP ratios or the external debt position that have continued to increase in most countries. The authors even argue that the market's euphoria may have gone too far in taking into account the same market fundamentals. They conclude with some thoughts about the future governance of the OMT programme.
Topic:
Economics, International Trade and Finance, and Markets
Political Geography:
Europe