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5771. Building a Transatlantic Securities Market

Author:
Benn Steil
Publication Date:
12-2002
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
This report aims to jump-start the integration of the US and EU securities markets through a mutual recognition agreement on transatlantic exchange access. Under this agreement, securities exchanges on each side of the Atlantic would be permitted to provide direct electronic access to brokers and institutional investors on the other side, for the purpose of trading listed equities and derivatives based on equities. We argue that this initiative will reduce trading costs, increase investment returns, lower the cost of capital, and increase economic growth on both sides of the Atlantic. The success of such an initiative will, over time, encourage its expansion to cover all forms of debt securities, primary issues, and other national markets.
Topic:
International Trade and Finance
Political Geography:
United States and Europe

5772. Sustaining a Revolution: A Policy for Crop Engineering

Author:
David Victor and C. Ford Runge
Publication Date:
05-2002
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
Controversy, even fear, of new foods is not new. The tomato was widely regarded as poisonous in the United States and northern Europe as late as the 1830s, due to its relationship to the night-shade family of plants. There was such concern that in 1820, the state of New York banned their consumption. Tomatoes even had their own “Frankenfood” label: “wolf 's peaches.”
Topic:
Development, Environment, and Science and Technology
Political Geography:
United States and Europe

5773. Multiethnic State or Ethnic Homogeneity: The Case of South East Europe - 3rd Workshop of the Study Group "Crisis Management in South East Europe"

Author:
Predrag Jureković
Publication Date:
04-2002
Content Type:
Working Paper
Institution:
Austrian National Defence Academy
Abstract:
The topic of this conference, "Multiethnic State or Ethnic Homogeneity - the case of South East Europe", is both theoretically interesting and practically important. It is directly connected to a highly problematic reality as well as to the awareness of a self-evident need to get out of it not only quickly, but also in a secure way, in order to avoid a turned back of similar events.
Topic:
Conflict Resolution and Democratization
Political Geography:
Europe and Balkans

5774. Building Stability in Weak States - The Western Balkans - 4th Workshop of the Study Group "Crisis Management in South East Europe"

Author:
Janusz Bugajski, Aldo Bumçi, Spyros Damtsas, Enver Hasani, Constantin Hlihor, Predrag Jureković, Antonio Leitao, Todor Mirkovic, Albert Rakipi, and Filip Tunjic
Publication Date:
04-2002
Content Type:
Working Paper
Institution:
Austrian National Defence Academy
Abstract:
"Building Stability in Weak States" was the topic of a workshop of the Woking Group "Crisis Management in South East Europe" of the PfP Consortium of Defence Academies and Security Studies Institutes which was held from 10-11 November 2001 in Tirana. It is no coincidence, however, that the initiative to develop this important topic for the development of security policy in South East Europe originated at the Albanian Institute for International Studies. Albania is seen as typical "weak State" in South East Europe, even though it has recovered from the quasi-civil war of 1997. This publication has ten articles by conference participants ranging from theoretical discussions to case studies from the region.
Topic:
Conflict Resolution, Conflict Prevention, NATO, and International Cooperation
Political Geography:
Europe and Balkans

5775. The Stability Pact for South East Europe - Dawn of an Era of Regional Co-operation - 5th Workshop of the Study Group

Author:
Plamen Pantev
Publication Date:
11-2002
Content Type:
Working Paper
Institution:
Austrian National Defence Academy
Abstract:
The Pact of Stability for South East Europe was “born” after the end of the Kosovo crisis in 1999 as a concept of dealing radically with the Balkan instabilities, but also as a geopolitical compromise of the great power centres, involved in the treatment of the post-Yugoslav conflicts.
Topic:
Conflict Prevention, International Cooperation, and Regional Cooperation
Political Geography:
Europe, Kosovo, Yugoslavia, and Balkans

5776. From a Recipient of Aid Towards an Independent Actor: The Impacts of EU Integration on Estonia's Civil Society

Author:
Kristi Raik
Publication Date:
01-2002
Content Type:
Working Paper
Institution:
Finnish Institute of International Affairs
Abstract:
In recent scholarly and political debates, civil society has often been considered one of the weakest, if not the weakest aspect of democracy in the Central and Eastern European countries (CEECs). Although the Eastern EU applicant states have been fairly successful in establishing democratic institutions and formal procedures, all of them suffer from political apathy and alienation of the citizens, low public trust in state authorities, and general dissatisfaction with the functioning of democracy – even though democracy is valued in principle. In the face of these problems, activation of a sphere of civic initiative and organisation is seen by many analysts as one important means for improving the quality of democracy. Support to the development of civil society has also been an increasingly important aspect of EU policy aimed at strengthening democracy in the Eastern candidate countries. In addition to supporting civic activity in general, the EU has in recent years started to pay attention to the involvement of civil society in the Eastern enlargement process. It has been underlined that in order to guarantee the legitimacy and effectiveness of integration, citizens and nongovernmental actors should play a stronger role in the candidate countries' preparations for EU accession.
Topic:
Democratization and Development
Political Geography:
Europe, Eastern Europe, and Estonia

5777. Theories at a loss? EU-NATO fusion and the 'low-politicisation' of security and defence in European integration

Author:
Hanna Ojanen
Publication Date:
01-2002
Content Type:
Working Paper
Institution:
Finnish Institute of International Affairs
Abstract:
In the European Union, security and defence integration was for a long time seen as impossible or at least highly unlikely. Theories of European integration leaned complacently on the idea that security and defence policy have a specific character that explains this state of affairs. Yet, recent developments seem seriously to challenge their assumptions: the new joint EU crisis management with military means is bound at least to affect, if not replace, the traditional defence policy of the member states.
Topic:
Defense Policy, NATO, International Organization, and International Political Economy
Political Geography:
Europe

5778. Telos or Brick Wall? British Nuclear Posture and European Defence Integration

Author:
Toby Archer
Publication Date:
01-2002
Content Type:
Working Paper
Institution:
Finnish Institute of International Affairs
Abstract:
Somewhere, at this very moment under one of the world's oceans, there is a Royal Navy 'Vanguard' class nuclear powered and armed submarine (SSBN) on patrol. Before it returns to port, another one of the four Vanguard class boats will head out into the deep ocean, meaning that no matter what occurs, Britain will always have an unreachable nuclear counter-strike facility. That one submarine, always out at sea and submerged, is now Britain's whole nuclear deterrent; all other nuclear weapons that Britain held during the Cold War, both land based and air-launched, have been decommissioned and dismantled over the last decade. The UK has the smallest nuclear arsenal of all the five nuclear-armed permanent members of the UN Security Council (it is even believed that Israel – undeclared as a nuclear power – now actually possesses more warheads than the UK does). The number of warheads quoted by the Ministry of Defence is now “fewer than 200”, and estimated by independent sources as likely to be around 160.
Topic:
Defense Policy and Nuclear Weapons
Political Geography:
Britain, United States, United Kingdom, and Europe

5779. EU Accession of Central and Eastern European Countries: Democracy and Integration as Conflicting Logics

Author:
Kristi Raik
Publication Date:
01-2002
Content Type:
Working Paper
Institution:
Finnish Institute of International Affairs
Abstract:
Although the European Union has in many ways promoted democratisation in Central and Eastern Europe, there are several tensions between democracy and integration into the EU of the applicant countries. These tensions are explored in the paper from two perspectives. Firstly, it is argued that the conception of democracy that prevails in the candidate countries – or more specifically, the coupling of democracy with the nation – inevitably implies that integration into the EU restricts democracy. Secondly, the author exposes the norms and principles that dominate the Eastern enlargement – speed, objectivity, efficiency, expertise, competition and inevitability – and argues that these constrain democratic politics and tend to limit enlargement to a narrow sphere of elites and experts. The paper also draws parallels between these two dilemmas and the “democratic deficit” of the EU and discusses the prospects for mitigating the tensions that it highlights.
Topic:
Democratization
Political Geography:
Europe

5780. Security of European Natural Gas Supplies

Author:
Jonathan Stern
Publication Date:
07-2002
Content Type:
Working Paper
Institution:
Chatham House
Abstract:
Security of natural gas supplies has resurfaced on the European energy agenda because of concerns about an anticipated rapid increase in dependence on imports from non-European suppliers – from one-third to two-thirds of demand – over the next 20 years. On a national basis, European import dependence is already an established fact: nine out of 33 European countries are more than 95% dependent on imports; only five are self-sufficient or net exporters.
Topic:
Energy Policy, Industrial Policy, and Markets
Political Geography:
Europe