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11. Pillars of Peace

Author:
Institute for Economics and Peace (IEP)
Publication Date:
09-2013
Content Type:
Special Report
Institution:
Institute for Economics & Peace (IEP)
Abstract:
The Pillars of Peace is a new conceptual framework for understanding and describing the factors that create peaceful societies. This framework defines the national characteristics which are most closely associated with peace and has been derived from a process of statistical analysis. It stands as one of the few holistic and quantitative based studies to isolate the positive factors which sustain and reinforce peaceful societies. The attitudes, institutions and structures associated with peace are also associated with many other aspects that are considered desirable, such as a strong business environment, gender equality and high levels of human capital; consequently, the Pillars of Peace can be seen as describing the optimal environment for human potential to flourish. Peace can be viewed through the lens of both negative and positive peace. Negative peace, which is the absence of violence or fear of violence, is used as the definition of peace to create the Global Peace Index (GPI), while positive peace can be defined as the attitudes, institutions and structures that, when strengthened, lead to a more peaceful society. The Pillars of Peace provides a framework for assessing the positive peace factors that create peaceful societies. The taxonomy also forms an ideal base for measuring a society’s potential for peace. These positive peace factors can also be used to assess how supportive the underlying environment is towards development, as they are positively associated with developmental outcomes and therefore the fulfillment of human potential. The Pillars of Peace provides the ideal benchmark against which to measure the performance of the broader aspects of social development and a country’s overall resilience when confronted with social upheaval. In constructing the Pillars of Peace over 900 different indices, datasets and attitudinal surveys were analysed in conjunction with current thinking about what drives peace, resilience and conflict. In order to ensure the development of a holistic framework, both a multidisciplinary and ‘systems approach’ was applied to the concept of peace, drawing on a range of recent research.
Topic:
Corruption, Government, Natural Resources, Business, Conflict, Human Capital, Peace, and Information
Political Geography:
Global Focus

12. How Do Laffer Curves Differ Across Countries?

Author:
Mathias Trabandt and Harald Uhlig
Publication Date:
05-2012
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
We seek to understand how Laffer curves differ across countries in the US and the EU-14, thereby providing insights into fiscal limits for government spending and the service of sovereign debt. As an application, we analyze the consequences for the permanent sustainability of current debt levels, when interest rates are permanently increased e.g. due to default fears. We build on the analysis in Trabandt and Uhlig (2011) and extend it in several ways. To obtain a better fit to the data, we allow for monopolistic competition as well as partial taxation of pure profit income. We update the sample to 2010, thereby including recent increases in government spending and their fiscal consequences. We provide new tax rate data. We conduct an analysis for the pessimistic case that the recent fiscal shifts are permanent. We include a cross-country analysis on consumption taxes as well as a more detailed investigation of the inclusion of human capital considerations for labor taxation.
Topic:
Economics, Economic Theory, Human Capital, and Fiscal Policy
Political Geography:
Global Focus

13. Analysis of International Migration and its Impacts on Developing Countries

Author:
Paolo Barrientos
Publication Date:
11-2007
Content Type:
Working Paper
Institution:
Institute for Advanced Development Studies (INESAD)
Abstract:
This paper provides a review of the literature on the reasons and consequences of international migration. The principal determinants of migration are analyzed and it is seen that educated people from developing countries are more likely to migrate for several reasons (i.e. network determinants, costs of moving, pull factors and push factors). Looking into the empirical data, the global trend is that emigration of educated people (usually called “brain drain”) has increased a lot. This trend implies that industrialized countries are importing highly skilled people from developing countries and this will certainly have important consequences for developing countries in the long run. Some researchers argue that developing countries will loose, since the most qualified people leave and stop contributing to their country. Others say that the global trend can be beneficial because positive spillovers will be created; in the sense that developing countries will experience higher investments in human capital (“brain gain”). Empirical findings show that these spillovers depend on the probability to migrate and the stock of human capital that a country has. Finally another group of researchers argues that this process is inevitable, and barriers to migration should be abolished in order to reap the benefits for both sending and receiving countries as well as the migrants themselves.
Topic:
Development, Migration, Brain Drain, and Human Capital
Political Geography:
Global Focus

14. The Financial Sector and Economic Development: Banking on the Role of Human Capital

Author:
Manuela W. Armenta
Publication Date:
05-2007
Content Type:
Journal Article
Journal:
Journal of Public and International Affairs (JPIA)
Institution:
School of Public and International Affairs (SPIA), Princeton University
Abstract:
Evidence suggests that human capital development contributes to the stability of banks. Unfortunately, developing countries, both pre- and post-liberalization, often suffer from an inadequate supply of capable professionals. This situation threatens the potentially positive relationship between financial liberalization and economic growth. It is therefore urgent that developing states develop policies aimed at addressing the supply and demand-side requirements of the financial sector. Such policies must target the development of professionals with both appropriate academic backgrounds in business and the requisite on-the-job skills. Public-private solutions are advocated as the most efficient and effective approach to the development of comprehensive policies in this regard.
Topic:
Development, Economics, Finance, Human Capital, Banking, and Public-Private Partnership
Political Geography:
Global Focus