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3631. The Foreign Policy of the EU in the Palestinian Territory

Author:
Rouba Al-Fattal
Publication Date:
05-2010
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
Fifteen years after its launch, the impact of the Barcelona Process on the Palestinian Territories is in need of a reassessment. Despite some initial improvements in the political and economic structures, the Euro-Mediterranean Partnership alone has failed to anchor a peace deal between Israel and the Palestinians. In response, the European Neighbourhood Policy was launched to bring out a number of new foreign policy instruments, which induced substantial reforms. Yet the win by Hamas in the 2006 elections brought a halt to the EU's aid and diplomacy. This boycott proved detrimental, as it widened the rift between the main parties to the point of no reconciliation. Whether the Union for the Mediterranean proves any better than its predecessor policies in the region remains to be seen. This publication aims at providing a broad picture of the EU's policies towards the Palestinian Territories, in order to draw lessons from them and offer proposals for the way ahead.
Topic:
Conflict Resolution and Foreign Policy
Political Geography:
Europe, Middle East, and Arabia

3632. The MiFID Metamorphosis

Author:
Karel Lannoo and Diego Valiante
Publication Date:
04-2010
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
The Markets in Financial Instruments Directive (MiFID), adopted by the EU in April 2004 and implemented at Member State level by the end of 2007, has begun to achieve real success in transforming the EU's securities markets landscape. Judging from market data and sector publications, the Directive contributed to a revolution in trading methods and huge investments in technology, which have brought the EU and US markets closer together. Technology-driven systems, such as algorithmic trading and smart-order routing, have become the mainstream in trading process, with speed of trading and reduction of 'latency' being the key objectives. Large investments in market infrastructures are trying to strike the right balance between high capacity and speed, and low operational and technological risks that represent a future threat for these platforms, even in the post-trading space.
Political Geography:
Europe

3633. Regulatory Challenges for the EU Asset Management Industry

Author:
Karel Lannoo
Publication Date:
04-2010
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
The European asset management industry is feeling squeezed from all sides, as a result of growing prudential, product and conduct regulation. A new Directive, UCITS IV, has only just been enacted, and already new challenges are emerging in the regulation of hedge and venture capital funds, the review of the regulatory regime for depositaries (or financial custodians) and amendments to the MiFID Directive.2 In addition, a new European supervisory framework is in the making, which implies much stricter controls on enforcement. These changes are taking place in the context of one of the largest declines suffered by the industry in the last two decades, from which many fund managers have not yet recovered. The era of light regulation is thus definitely over.
Topic:
Markets, Monetary Policy, and Financial Crisis
Political Geography:
Europe

3634. On High Stakes, Stakeholders and Bulgaria's EU Membership

Author:
Antoinette Primatarova
Publication Date:
04-2010
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
This paper argues against the view that Bulgaria's EU accession was premature and that the mechanism for cooperation and the verification of progress (CVM) is not delivering. The EU's continued leverage and the efficacy of the CVM are explained in a framework that goes beyond the dual-conditionality paradigm of incentives and sanctions, and beyond the unitary players model of EU–Bulgarian relations. In this framework, the CVM is viewed as an instrument for supportive reinforcement rather than for the imposition of sanctions. Furthermore, it is seen as targeting not just the government, but all Bulgarian stakeholders. The CVM is regarded as very effective at the level of public opinion and civil society, and as a mechanism that contributes to 'sandwiching' reform-reluctant Bulgarian governments between pressure from Brussels and domestic pressure for reforms. The CVM is also deemed useful for Bulgaria's further Europeanisation beyond the narrower pre-accession phase of 'EU-isation'. The paper suggests that eventual post-accession benchmarks might be appropriate in the process of further EU enlargement if properly understood as instruments for granting support and if discussed broadly with stakeholders beyond the executive. Concerning the efficiency/legitimacy dilemma, it is asserted that the CVM is an opportunity for increasing the EU's legitimacy.
Topic:
Regional Cooperation
Political Geography:
Europe and Bulgaria

3635. Marché, bureaucratie, formes de la domination politique: Une économie politique weberienne

Author:
François Bafoil
Publication Date:
04-2010
Content Type:
Working Paper
Institution:
Centre d'Etudes et de Recherches Internationales
Abstract:
From a broad perspective, political economy analyses economic and political exchanges proper to some social groups, embedded in particular historical periods. The great innovation of Max Weber's analysis is to highlight the intersubjective orientations that support these exchanges and characterize a particular period of history. This study firstly compares different features between free market economy and the soviet-type economy. Secondly, it measures their difference in accordance to the "ideal type" of "market", bureaucracy" and "forms of domination". Finally, it insists on the particular "hybrid" figures of "charisma" and "patrimonial bureaucracy".
Topic:
Economics, Markets, Political Economy, and Political Theory
Political Geography:
Russia and Europe

3636. Navigating Climate Change: An Agenda for U.S.-Chinese Cooperation

Author:
Jacqueline McLaren Miller and Piin-Fen Kok
Publication Date:
05-2010
Content Type:
Working Paper
Institution:
EastWest Institute
Abstract:
Between June 2009 and January 2010, the East West Institute (EWI) began exploring how the United States, China, and the international community could build strategic trust through cooperation on climate change and climate security. EWI examined this issue through policy discussions in several forums: Track 2 processes such as the U.S.-China High Level Security Dialogue and the U.S.-China-Europe Trialogue21 initiative; a roundtable session in New York; and the U.S.-China Working Group on Climate Change—a group of Chinese and American experts convened with the support of the Connect U.S. Fund who met before and after Copenhagen to assess progress and to determine ways to move forward.
Topic:
Climate Change, Environment, International Cooperation, and Bilateral Relations
Political Geography:
United States, China, New York, and Europe

3637. Central Asian Security: Two Recommendations for International Action

Author:
Jacqueline McLaren Miller
Publication Date:
04-2010
Content Type:
Policy Brief
Institution:
EastWest Institute
Abstract:
An Experts' Group on Euro-Atlantic Security, convened by the East West Institute as part of a larger Euro-Atlantic Security Initiative, is pleased to offer its first series of policy recommendations—an international Central Asian security initiative. Given the Kazakh chair-in-office of the OSCE, this is an opportune time to engage in concrete issues in the region.
Topic:
Security, Political Violence, Ethnic Conflict, and Terrorism
Political Geography:
Europe and Central Asia

3638. The Big U-Turn: Japan Threatens to Reverse Postal Reforms

Author:
Gary Clyde Hufbauer and Julia Muir
Publication Date:
06-2010
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
On May 31, 2010 a majority of the Lower House of the National Diet of Japan approved legislation that would reverse a decade's worth of effort to fully privatize key subsidiaries of Japan Post Holdings Co. Ltd. Besides postal services, the state-run postal system offers banking and insurance services, through Japan Post Bank (JPB) and Japan Post Insurance (JPI), respectively. These are the financial engines of Japan Post and were the units slated for privatization. Both subsidiaries have long received favorable government treatment, tilting the playing field against private banks and insurance firms, whether foreign or domestic. The government of Japan is in clear violation of its commitments under the World Trade Organization (WTO), and if the Upper House approves the legislation, Japan will reverse the efforts made by the United States and the European Union, as well as domestic private banks and insurance firms, to establish a level playing field. What's more, Japan risks having a formal WTO dispute brought against it.
Topic:
Economics, Government, and Privatization
Political Geography:
United States, Japan, and Europe

3639. In Defense of Europe's Grand Bargain

Author:
Jacob Funk Kirkegaard
Publication Date:
06-2010
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
Nothing is easier than pointing fingers at policymakers woring feverishly at 2 a.m. to contain a rapidly spreading financial crisis. Rarely has this been truer for the European Union than during the current crisis's amateurish policy management. Yet, what really matters is the final result, which is far more postive for Europe than the ugly sausage-making process.
Topic:
Economics, International Trade and Finance, and Financial Crisis
Political Geography:
Europe

3640. South Ossetia: The Burden of Recognition

Publication Date:
06-2010
Content Type:
Working Paper
Institution:
International Crisis Group
Abstract:
South Ossetia is no closer to genuine independence now than in August 2008, when Russia went to war with Georgia and extended recognition. The small, rural territory lacks even true political, economic or military autonomy. Moscow staffs over half the government, donates 99 per cent of the budget and provides security. South Ossetians themselves often urge integration into the Russian Federation, and their entity's situation closely mirrors that of Russia's North Caucasus republics. Regardless of the slow pace of post-conflict reconstruction, extensive high-level corruption and dire socio-economic indicators, there is little interest in closer ties with Georgia. Moscow has not kept important ceasefire commitments, and some 20,000 ethnic Georgians from the region remain forcibly displaced. At a minimum, Russians, Ossetians and Georgians need to begin addressing the local population's basic needs by focusing on creating freedom of movement and economic and humanitarian links without status preconditions.
Topic:
Political Violence, Humanitarian Aid, and Insurgency
Political Geography:
Russia, Europe, and Asia