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121. The Future of Transatlantic Relations

Author:
Ted Galen Carpenter, Mark Falcoff, Adrian Karatnycky, Gary C. Hufbauer, Robert D. Blackwill, Leslie H. Gelb, Allen R. Adler, Mario L. Baeza, Philip Peters, Bernard W. Aronson, Jeffrey L. Bewkes, Rodolfo O. De La Garza, Daniel W. Fisk, Craig Fuller, M. Farooq Kathwari, Franklin W. Knight, Susan Kaufman Purcell, Peter W. Rodman, Riordan Roett, William D. Rogers, and Alexander F. Watson
Publication Date:
01-1999
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
This report addresses the current state and the future prospects for the transatlantic relationship. The broad challenge the U.S.-European partnership faces in the period ahead is threefold: to persuade others around the world in post-Cold War conditions to abide by internationally accepted norms and patterns of behavior and the rules of the international institutions that embody them; to deal skillfully with the emerging new power centers, of which China and India are the most prominent; and to meet the current serious threats to Western interests, especially in the Middle East, when these threats often seem to ordinary citizens more remote, abstract, and complex than during the Cold War. This daunting effort will clearly require transatlantic policies that involve a delicate and flexible combination of incentives and disincentives applied to these other countries in a highly discriminating manner in widely differing circumstances. Designing and sustaining such policies will be no easy task for Western governments with compelling domestic preoccupations in the full glare of the media spotlight.
Topic:
Security, Cold War, and International Political Economy
Political Geography:
United States, Europe, and Middle East

122. Economic Stability and the World Economy

Author:
Gordon Brown
Publication Date:
09-1999
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
Only a year ago, an increasingly turbulent and inadequately supervised financial system threatened global instability.Since the height of the financial instability last september, the world has taken rapid and decisive action and the world has started to put in place new long term disciplines to promote greater stability.
Topic:
Economics, International Cooperation, and International Political Economy
Political Geography:
United Kingdom, America, and Europe

123. Coming Home or Moving Home? "Westernising" Narratives in Finnish Foreign Policy and the Re-interpretation of Past Identities

Author:
Chris Browning
Publication Date:
01-1999
Content Type:
Working Paper
Institution:
Finnish Institute of International Affairs
Abstract:
Since the end of the Cold War it is widely accepted that Finnish foreign policy has oriented increasingly towards the 'West', the most pertinent and concrete example of which, to date, has been accession to the EU. Implicit in many commentaries is the assumption that this orientation is a natural phenomenon, the natural culmination of an effervescent Finnish 'Western' cultural identity. Whilst the rhetorical style perhaps differs espousers of this view draw on Herderian and Hegelian assumptions, essentially arguing that after the unfortunate interruption and deviation from its true path occasioned by the Cold War the Finnish 'national spirit' is now back on its rightful historical and linear course to national fulfilment and blossoming. Looking into the nation's history such discourses see Finland's cultural and political roots as lying in the West and hence posit that with the break-up of the Soviet Union Finland is returning to these organic origins in Western civilisation, with all the effects for foreign policy such a 'Western' identity will entail. This is what we may term the 'Westernising' narrative of current debates about Finnish identity and Finnish foreign policy. On this basis the Finnish Cold War foreign policy of neutrality is characterised, either as having been a total aberration and betrayal of the Finnish 'Western' Self, or, and perhaps more commonly, as having been the best possible option available to the Finnish elite at the time: constrained by the dictates of power, agile Finnish political leaders were able to manoeuvre the Finnish ship of state through the various pitfalls and traps waiting to beguile them in the stormy waters of great power Cold War politics. Now free of such power dictates these current 'Westernising' discourses are attempting to push Finnish foreign policy towards the West, legitimising such a move to the Finnish public and the wider international audience on the grounds of Finland's claimed historical Western identity. To note the title of this panel discussion, “Defining New Identities Between East and West', for Westernising discourses there is no between about it. As an organically Western state why would Finland want to be between East and West any longer? On this basis the Finnish neutrality of the Cold War period merely disguised the true Finnish identity, a ruse so that Finland could in the future once more live as its true self when conditions once again permitted.
Topic:
International Relations, Foreign Policy, International Political Economy, and Nationalism
Political Geography:
Europe and Finland

124. On the Regulation of Telecommunications Markets

Author:
Manfred J. Holler
Publication Date:
08-1999
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
This paper discusses the theoretical concepts underlying recent developments in the regulation of telecommunications in Europe, the USA and developing countries with respect to efficiency and welfare. It focuses on analysing standardization problems, pricing rules and entry condition related to networks and network effects and derives preliminary policy recommendations for the telecommunications industry through a discussion of network models and related empirical evidence.
Topic:
Emerging Markets, International Political Economy, and Science and Technology
Political Geography:
United States and Europe

125. The Asian Currency Crisis: Origins, Lessons and Future Outlook

Author:
Abdur Chowdhury
Publication Date:
02-1999
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
What started in the summer of 1997 as a regional economic and financial crisis in East and Southeast Asia had developed into a global financial crisis within the span of a year. This crisis followed the crisis in the European Monetary System in 1992–3 and the Mexican peso crisis in 1994–5. However, unlike the previous two crises, the scale and depth of the Asian crisis surprised everyone. One obvious reason for this is East and Southeast Asia's track record of economic success. Since the 1960s, no other group of countries in the world has produced more rapid economic growth or such a dramatic reduction in poverty. Given so many years of sustained economic performance the obvious question is: how could events in Asia unfold as they did?
Topic:
Economics and International Political Economy
Political Geography:
Europe, Asia, and Southeast Asia

126. The Case for a Russian Currency Board System

Author:
Steve H. Hanke
Publication Date:
10-1998
Content Type:
Policy Brief
Institution:
The Cato Institute
Abstract:
The devaluation of the Russian ruble this year was predictable, especially considering Russia's poor monetary history. State-manipulated money has been a Russian hallmark since the time of Peter the Great and shows that the country's money problems are endemic and do not depend on who controls the central bank. Czarist, Soviet, and post-Soviet governments have used the central bank printing press to finance deficit spending, resulting in high inflation, confiscation of savings, capital controls, or a combination of the three.
Topic:
Economics and International Political Economy
Political Geography:
Russia, Europe, Asia, and Soviet Union

127. U.S.-European Economic Relations And World Trade

Author:
Robert D. Blackwill and Kristin Archick
Publication Date:
04-1998
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
Much debate exists over the likely effects of U.S.-European economic relations on the future viability of an invigorated transatlantic partnership. Some of those who perceive largely positive dynamics between the two sides of the Atlantic in trade and investment assert that the U.S.-European commercial relationship will serve importantly to undergird the Western Alliance in the period ahead, contributing to further deepening of political and security cooperation. Others, however, argue that in light of the end of the Soviet threat and the quickening pace of globalization, transatlantic competition and diverging economic priorities are likely to threaten increasingly the cohesion and unity of the Atlantic Alliance. This paper first explores indicators that signal the continuation of a robust trade and investment relationship across the Atlantic, then discusses possible challenges to maintaining close commercial ties between the United States and the European Union (EU), continues with a survey of policy prescriptions offered by various experts to manage the economic aspects of the partnership, and finally returns to the question of the effects on broad U.S.-European cooperation of transatlantic economic interaction.
Topic:
International Political Economy
Political Geography:
United States and Europe

128. Collective Management of International Financial Crises

Author:
Saori N. Katada
Publication Date:
07-1998
Content Type:
Working Paper
Institution:
Center for International Studies, University of Southern California
Abstract:
The world has experienced many financial crises. Despite numerous research and policy efforts in prevention to present them at of large scale, the global economy has not seen economists' (and investors') Nirvana of financial globalization without the occasional crises. On the contrary, the increasing dynamism and changing nature of financial flows across national borders seem to have created a larger number of new problems for creditors, debtors and international financial institutions. That has typically been true for middle income countries in Latin America and Asia and, very recently, in Eastern Europe, which have been integrated into the international financial system. During the two decades between the late 1970s and the late 1990s, three major sets of financial crises originated from those middle income countries, intensifying concerns for international financial stability.
Topic:
Economics, Globalization, International Political Economy, and International Trade and Finance
Political Geography:
Europe, Israel, East Asia, Latin America, Central America, and North America

129. From G7 To G8: Evolution, Role and Documentation of a Unique Institution

Author:
Peter I. Hajnal
Publication Date:
04-1998
Content Type:
Working Paper
Institution:
Columbia International Affairs Online
Abstract:
As the next millennium approaches, the international community faces the fundamental challenge of devising at the global level mechanisms for governance to reinforce, and at times replace, those that have operated effectively for several centuries at the national level. The end of the cold war has substantially eliminated a world divided among a democratic west, communist east and non-aligned south, highlighted a host of new transnational, human security priorities and led to the demise of the self-contained "national security" state. The advent of globalization in finance, investment, trade, production and communication has led many national economies to be integrated into a single global economy, whose healthy functioning is increasingly vital to the well being of citizens even in large, advanced industrial economies such as the United States and Japan. Finally, new openness and technology have meant that many issues once dealt with primarily as a part of domestic politics - supervising banking systems, protecting the environment, combating organized crime, drugs and disease, ensuring nuclear safety, and creating employment, have now come to require collective international action for their effective accomplishment.
Topic:
International Organization and International Political Economy
Political Geography:
United States, Japan, and Europe

130. The Academic-Industrial Symbiosis in German Chemical Research, 1905-1939

Author:
Jeffrey Johnson
Publication Date:
05-1997
Content Type:
Working Paper
Institution:
Institute of European Studies
Abstract:
This paper discusses academic-industrial relations in German chemical research from 1905 to the eve of World War II, considering four periods: the decade before World War I, the years of total war and postwar crisis (1916-1923), the renewed crisis (1929-1933), and finally the Nazi years. These periods saw, respectively, the creation of academic-style research laboratories with substantial industrial support; the emergence of industrially-funded organizations to subsidize chemical literature and educational institutions (as well as research); reductions in support for these organizations and in subsidies for contracted academic collaborators, but the expansion of postdoctoral fellowships funded by I.G. Farben; and finally the politicization and militarization of the academic-industrial symbiosis under National Socialism.
Topic:
Industrial Policy, International Political Economy, and Science and Technology
Political Geography:
Europe and Germany