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51. “Reformed Multilateralism” at the United Nations

Author:
Asoke Mukerji
Publication Date:
02-2021
Content Type:
Journal Article
Journal:
American Diplomacy
Institution:
American Diplomacy
Abstract:
Editor’s note: The author was the Indian Ambassador to the UN 2013-2015. Calls for “reformed multilateralism”[1] at the UN’s 75th anniversary session in September 2020 stressed the need for equal participation by member-states in UN decision-making. Five years earlier, when adopting Agenda 2030, the United Nations General Assembly (UNGA) acknowledged the inter-linkage between peace, security, and development.[2] With its universal scope, Agenda 2030 on Sustainable Development has become the central focus of the United Nations (UN) for the foreseeable future. Agenda 2030 requires a paradigm shift in the approach of UN member-states to global issues and underscores the imperative for an inclusive human-centric approach through the participation of multiple stakeholders in UN activities. This would enable the UN to pool resources through partnerships to meet the major challenges in all its three “pillars” – political, human rights, and socio-economic development.
Topic:
Development, Human Rights, Politics, United Nations, Reform, and Multilateralism
Political Geography:
Global Focus

52. From Regressive Subsidies to Progressive Redistribution: The Role of Redistribution and Recognition in Energy Subsidy Reform

Author:
Tara Moayed, Scott Guggenheim, and Paul von Chamier
Publication Date:
09-2021
Content Type:
Research Paper
Institution:
Center on International Cooperation (CIC)
Abstract:
Energy subsidies are one of the few domains where there is a near full-throated consensus among progressives, governments, and economists over the need for reform. Nearly everywhere, energy subsidies are regressive, vastly favoring the car-and energy-consuming parts of the population that are the least in need. The costs of these subsidies can vary, but in many countries, they represent a large fiscal burden. Prior to its 2005 reforms, for example, Indonesia's fuel subsidy was nearly the same amount as its health budget and its targeted anti-poverty programs combined. From the perspective of global climate change, few economic policies are as damaging as the direct and indirect contributions of fossil fuel subsidies.
Topic:
Energy Policy, Reform, Fossil Fuels, and Subsidies
Political Geography:
Global Focus

53. Economic Liberalizations Around the World Since 1970: Shock Therapy Versus Gradualism

Author:
Kerianne N. Lawson and Robert A. Lawson
Publication Date:
10-2020
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
This article examines 77 countries with the most significant economic liberalizations since 1970, as measured by changes in the Economic Freedom of the World (EFW) index. Measures of both the speed and comprehensiveness of the reforms are presented. Our empirical evidence suggests that faster reforming nations economically outperformed slower reformers. We do not find evidence that more comprehensive reforms, as opposed to more narrowly targeted reforms, had much of an impact on ensuing economic growth.
Topic:
Economics, Reform, Economic Growth, and Liberalization
Political Geography:
Global Focus

54. The UN’s Pandemic Response: The Beginnings of a Real Global Plan?

Author:
Leah Zamore, Knut Gerlach, and Ben Oppenheim
Publication Date:
04-2020
Content Type:
Special Report
Institution:
Center on International Cooperation (CIC)
Abstract:
Describing the coronavirus pandemic as a “global health crisis unlike any in the 75-year history of the United Nations” the UN has in recent days called for the launch of a large-scale, coordinated, and comprehensive multilateral response to combat the virus and its attendant economic and social consequences. It has published a set of action plans that aim to avert the potentially catastrophic impact of the virus, especially on the world’s most vulnerable and impoverished communities.
Topic:
United Nations, Governance, Reform, Multilateralism, Humanitarian Crisis, and COVID-19
Political Geography:
Global Focus

55. COVID-19 and Trust in International Cooperation

Author:
Knut Gerlach and Robert Kang
Publication Date:
06-2020
Content Type:
Policy Brief
Institution:
Center on International Cooperation (CIC)
Abstract:
2020 is the 75th anniversary year of the United Nations (UN), and it has already shaped up to be a year of unprecedented international shocks and potential for transformation, from COVID-19’s impact to the current mobilization for racial justice in many areas of the world. What does this mean for global trust in international cooperation and multilateral institutions? This briefing by Karina Gerlach and Robert Kang examines recent global polling data, finding a growing demand for international cooperation but diminished trust in international institutions to play a role in the response to COVID-19. It also looks at shifts in member state leadership and perceptions of United States-China rivalry, arguing that middle power alliances and regional networks offer a path forward for international cooperation even in difficult circumstances.
Topic:
International Cooperation, United Nations, Reform, Multilateralism, and COVID-19
Political Geography:
Global Focus

56. Opportunities and Challenges for Greater IFI-UN Collaboration Across Macroeconomic/FCV linkages

Author:
Marc Jacquand
Publication Date:
10-2020
Content Type:
Policy Brief
Institution:
Center on International Cooperation (CIC)
Abstract:
In recent years, the International Monetary Fund (IMF), the World Bank, and the United Nations (UN) have increased their collaboration and strengthened their respective capacities to engage more effectively in fragility, conflict, and violence (FCV) contexts. Recent global developments, particularly the COVID-19 pandemic, point to the need to accelerate such efforts and deepen collaboration between these three institutions. Everywhere—including in high-income countries—political turbulence and contestation of traditional governance arrangements are increasing the stakes and impact of macroeconomic decisions, and now of pandemic response measures. This extremely challenging global landscape, where risks intersect with increasing virulence, is calling out for greater collaboration between the IMF, the Bank, and the UN, as the three institutions to which many countries that find themselves facing such crises often turn. This briefing by Marc Jacquand makes the case for increased collaboration on four levels: factual, financial, political, and counterfactual. It also lays out the challenges, both internal and external, that impede collaboration. Finally, it makes recommendations for institutional improvements to facilitate more effective joint work in FCV contexts.
Topic:
United Nations, Governance, Reform, Multilateralism, Crisis Management, IMF, and COVID-19
Political Geography:
Global Focus

57. COVID-19 and Trust in International Cooperation

Author:
Karina Gerlach and Robert Kang
Publication Date:
06-2020
Content Type:
Policy Brief
Institution:
Center on International Cooperation (CIC)
Abstract:
2020 is the 75th anniversary year of the United Nations (UN), and it has already shaped up to be a year of unprecedented international shocks and potential for transformation, from COVID-19’s impact to the current mobilization for racial justice in many areas of the world. What does this mean for global trust in international cooperation and multilateral institutions? This briefing by Karina Gerlach and Robert Kang examines recent global polling data, finding a growing demand for international cooperation but diminished trust in international institutions to play a role in the response to COVID-19. It also looks at shifts in member state leadership and perceptions of United States-China rivalry, arguing that middle power alliances and regional networks offer a path forward for international cooperation even in difficult circumstances.
Topic:
International Cooperation, Race, United Nations, Reform, Multilateralism, and COVID-19
Political Geography:
China, Global Focus, and United States of America

58. The Way Forward for WTO Reform: Agricultural Subsidies and Special and Differential Treatments

Author:
Jin Kyo Suh, Ji Hyun Park, and Min-Sung Kim
Publication Date:
10-2020
Content Type:
Policy Brief
Institution:
Korea Institute for International Economic Policy (KIEP)
Abstract:
The multilateral trading system has been in crisis. The world economy has changed significantly since the WTO replaced the previous GATT system and new challenges are quickly piling on top of the old ones. The rising emerging countries and the relative decline of traditional economic members, together with the need to deal with complex new issues such as climate change and e-commerce and digital trade, are shaking the foundations on which the WTO was built some 25 years ago. There is also growing momentum among many WTO members to ‘modernize’ the WTO, including the Appellate Body although the details and feasibility of reform are unclear at this stage. In this perspective, we suggest some ideas on both trade-distorting farm subsidies and S&DT which are the two important issues in the WTO negotiations.
Topic:
Agriculture, Reform, Economy, Multilateralism, WTO, and Subsidies
Political Geography:
Global Focus

59. Boosting Immigration: Harnessing Global Talent to Increase US Competitiveness, Innovation, and Prosperity

Author:
The Conference Board
Publication Date:
01-2020
Content Type:
Special Report
Institution:
The Conference Board
Abstract:
As immigration reform remains in gridlock, a new report from a nonpartisan think tank whose membership is comprised of top-level business executives calls on policymakers to enact various changes to bolster America’s workforce and economic might. Published by the Committee for Economic Development of The Conference Board (CED), recommendations from the public policy think tank include streamlining the visa process to strengthen the country’s attractiveness to the most in-demand foreign workers, and increasing economically motivated offers of permanent residence.
Topic:
Immigration, Reform, Public Policy, and Economic Development
Political Geography:
Global Focus and United States of America

60. International Financial Regulation: Why It Still Falls Short

Author:
William White
Publication Date:
07-2020
Content Type:
Working Paper
Institution:
Institute for New Economic Thinking (INET)
Abstract:
While recent reforms are welcome in many ways, there are still significant reasons to doubt that the post-crisis tightening of international financial regulation guarantees future financial and economic stability. The most important reason is that the reforms have focused too narrowly on ensuring that an unstable financial sector will not aggravate downturns by restricting the supply of credit. More attention needs to be paid to ensuring that an overly exuberant financial system does not weaken other parts of the economy by encouraging a rapid buildup of debt during upturns. Some combination of time-varying monetary and regulatory policies (a macrofinancial stability framework) will be required to do this. In addition, many of the individual regulatory measures taken to date, both macroprudential and microprudential, have shortcomings. Their coherence as a package has also been questioned.
Topic:
Political Economy, Financial Crisis, Reform, Banks, and Subsidies
Political Geography:
Global Focus