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741. On the Economics of Regional Powers: Comparing China, India, Brazil, and South Africa

Author:
Robert Kappel
Publication Date:
09-2010
Content Type:
Working Paper
Institution:
German Institute of Global and Area Studies
Abstract:
As the conception of and debates on regional powers have been led by political science, this paper aims to contribute to the discussion from an economics perspective. Based on the discussion of different concepts of economic power—such as those of Schumpeter, Perroux, Predöhl, or Kindleberger—concepts of technological leadership, and the global value chain approaches, the paper develops a research framework for the economics of regional powers. This framework is then tested using descriptive statistics as well as regressions analysis, with a focus on the four regional powers Brazil, China, India, and South Africa. As economic power is relational, the relationship of regional powers to other nations in the region is analyzed.
Topic:
Economics and International Trade and Finance
Political Geography:
Africa, China, India, South Africa, Brazil, and Latin America

742. How BRIC MNEs deal with international political risk

Author:
Premila Nazareth Satyanand
Publication Date:
05-2010
Content Type:
Policy Brief
Institution:
Columbia Center on Sustainable Investment
Abstract:
Hitherto, political risk has worried developed country multinational enterprises (MNEs) investing in developing country markets. But as more emerging market firms invest overseas, they too must grapple with this subject. World Investment and Political Risk 2009 looks at this issue for the first time and finds that Brazilian, Russian, Indian, and Chinese (BRIC) firms appear to worry more about political risk than global counterparts. Though these results are based on as mall sample of 90 of the largest BRIC investors, they are thought-provoking nonetheless.
Topic:
International Political Economy, International Trade and Finance, and Foreign Direct Investment
Political Geography:
Russia, China, India, and Latin America

743. Not Ready for Prime Time: Why Including Emerging Powers at the Helm Would Hurt Global Governance

Author:
Jorge G. Castañeda
Publication Date:
09-2010
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
Few matters generate as much consensus in international affairs today as the need to rebuild the world geopolitical order. Everyone seems to agree, at least in their rhetoric, that the makeup of the United Nations Security Council is obsolete and that the G-8 no longer includes all the world's most important economies. Belgium still has more voting power in the leading financial institutions than either China or India. New actors need to be brought in. But which ones? And what will be the likely results? If there is no doubt that a retooled international order would be far more representative of the distribution of power in the world today, it is not clear whether it would be better.The major emerging powers, Brazil, Russia, India, and China, catchily labeled the BRICs by Goldman Sachs, are the main contenders for inclusion. There are other groupings, too: the G-5, the G-20, and the P-4; the last -- Brazil, Germany, India, and Japan -- are the wannabes that hope to join the UN Security Council and are named after the P-5, the council's permanent members (China, France, Russia, the United Kingdom, and the United States). Up for the G-8 are Brazil, China, India, Mexico, and South Africa. The G-8 invited representatives of those five states to its 2003 summit in Evian, France, and from 2005 through 2008, this so-called G-5 attended its own special sessions on the sidelines of the G-8's.
Topic:
Security
Political Geography:
Russia, China, India, and Brazil

744. Interdependency Theory: China, India and the West

Author:
Simon Tay
Publication Date:
09-2010
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
No abstract is available.
Topic:
Development, Economics, Government, and Financial Crisis
Political Geography:
China and India

745. Navigating Negotiations in Afghanistan

Author:
Matt Waldman
Publication Date:
09-2010
Content Type:
Policy Brief
Institution:
United States Institute of Peace
Abstract:
There are reasons for skepticism about government-insurgent talks, especially as both sides are known for abusive, unjust and discriminatory policies. However, given the constraints of counterinsurgency, obstacles to an anticipated security transition, and the threat of worsening conflict, the potential for negotiations should be explored. Field research indicates that the coalition's military surge is intensifying the conflict, and compounding enmity and mistrust between the parties. It is therefore reducing the prospects of negotiations, which require confidence-building measures that should be incremental, structured and reciprocal. Strategies should be developed to deal with powerful spoilers, on all sides, that may try to disrupt the process. The form of pre-talks, and the effectiveness of mediators and “track two” interlocutors, will be critical. Pakistan provides assistance to, and has significant influence over, the Taliban. Talks require Pakistan's support, but giving its officials excessive influence over the process could trigger opposition within Afghanistan and countermeasures from regional states. The perceived threat from India is driving Pakistan's geostrategic policies, thus concerted efforts are required to improve Pakistan-India relations. Negotiations could lead to a power-sharing agreement, but implementation would be highly challenging, especially due to multifarious factional and other power struggles. An agreement could also involve constitutional or legislative changes that curtail fundamental civil and political rights, especially those of women and girls. Genuine reconciliation efforts are required to build better relations between hostile groups. For legitimacy and viability, any settlement must be both inclusive and just: it should therefore seek to reflect the aspirations of all elements of Afghanistan's diverse society. It should also seek to address underlying causes of the conflict, especially the abuse of power.
Topic:
Conflict Resolution, Diplomacy, Treaties and Agreements, and Insurgency
Political Geography:
Pakistan, Afghanistan, United States, and India

746. Verschiebungen der globalen Machtverhältnisse durch den Aufstieg von Regionalen Führungsmächten. China, Indien, Brasilien und Südafrika im Vergleich

Author:
Robert Kappel
Publication Date:
09-2010
Content Type:
Working Paper
Institution:
German Institute of Global and Area Studies
Abstract:
A number of regional powers are becoming important international actors and are changing the coordinates of world politics and the global economy. The political and economicshift in favor of these regional powers has been accompanied by the relative loss of importance of the US, Japan, and the EU. The latter countries are increasingly challenged by the economic growth and the geostrategical actions of the regional powers. As the conception of and debates on regional powers have been led by political science, this paper aims to contribute to the discussion from an economics perspective. Based on the discussion of different concepts of economic power–such as those of Schumpeter, Perroux, Predöhl, or Kindleberger–concepts of technological leadership, and the global value chain approaches, the paper develops a research framework for the economics of regional powers. This framework is then tested using descriptive statistics as well as regressions analysis, with a focus on the four regional powers Brazil, China, India, and South Africa. As economic power is relational, the relationship of regional powers to other nations in the region is analyzed. According to the findings, only limited conclusions on the economics of regional powers are possible: a regional power can be described as an economy with a relatively large population and land area which plays a dominant role in trade within the region and in the regional governance. The regional power develops its technological capacities, and its businesses act regionally and globally with increasing strength.
Topic:
International Relations, Economics, Globalization, International Political Economy, and Power Politics
Political Geography:
China, India, and Brazil

747. Eurasian Bargaining, Agriculture, and the Doha Round

Author:
Sarita D. Jackson
Publication Date:
06-2010
Content Type:
Journal Article
Journal:
The Caucasian Review of International Affairs
Institution:
The Caucasian Review of International Affairs
Abstract:
This article explores the participation of the Eurasian countries that have recently joined the World Trade Organization and are thus a part of the Recently Acceded Members (RAMs) coalition. The author argues that the active participation of these countries with small economies deserves attention in the WTO agricultural talks. Most studies focus on the leverage of the larger economies among the developing nations such as Brazil, China, India and South Africa. The article goes further to highlight that Eurasian countries have the ability to continue to push for flexibility provisions and can benefit from China's classification as a RAMs country. On the other hand, these same countries face the challenge of becoming more competitive in the international agricultural market. However, those challenges can be addressed through developing infrastructure, technology and skills to allow for smaller Eurasian WTO members to become efficient producers and competitive exporters.
Topic:
Agriculture
Political Geography:
China, Eurasia, India, South Africa, and Brazil

748. Rebuilding America Through Exports

Author:
M. Osman Siddique
Publication Date:
09-2010
Content Type:
Journal Article
Institution:
Council of American Ambassadors
Abstract:
In his State of the Union address, President Obama noted his intention to double US exports to grow our economy out of this recession. As a businessman and former US Ambassador, I could not agree more. This speech must be a clarion call. Millions of Americans are jobless, many thousands have lost homes, and we all— Democrats and Republicans—see the future with great concern and anxiety. Wall Street is shaky and Main Street is miles from revival. Can we rise to the challenge posed by new major competitors like China, India, Russia, etc.? Yes we can, but we clearly need a major shift in our economic strategy and foreign commercial trade policy.
Topic:
Economics
Political Geography:
Russia, United States, China, America, and India

749. Globalisation, Domestic Market Integration, and the Regional Disparities of India

Author:
Arne Melchior
Publication Date:
10-2010
Content Type:
Working Paper
Institution:
Norwegian Institute of International Affairs
Abstract:
Using a world trade model with India subdivided into states, the paper examines how regional disparities are affected by domestic inter-state trade as well as international trade. According to the analysis, international liberalisation promotes decentralisation and convergence, not divergence, so trade is not to blame for India's growing regional disparities. High economic growth within India makes domestic markets more important and the geographical effect of this is opposite to that of globalisation. This may counterbalance the geographical impact of international liberalisation and explain why recent changes in geographical clustering in India are limited. The empirical results are consistent with this. They also indicate that Indian services expansion is largely driven by increases in domestic demand due to growth, and that domestic market integration is essential for India's manufacturing sector. We argue that for larger nations, the domestic inter-regional trade is important and India should have a trade policy that addresses domestic as well as international market integration.
Topic:
Development, Globalization, and International Trade and Finance
Political Geography:
South Asia, India, and Asia

750. The Co-Evolution of the Washington Consensus and the Economic Development Discourse

Author:
Ravi Kanbur
Publication Date:
08-2010
Content Type:
Journal Article
Journal:
Macalester International
Institution:
Macalester College
Abstract:
The 1980s were a hell of a decade. They began with the reverberations of the second OPEC oil shock and ended with the fall of the Berlin Wall. In between, we had the Reagan-Thatcher-Kohl economic policy era in North America and Europe, the Volcker interest rate shock, the Latin American debt crisis, economic collapse in Africa, the start of rapid growth in China and India, and on and on. Oh, and by the way, in 1989 John Williamson coined the term “Washington Consensus.”
Political Geography:
Africa, China, Europe, Washington, India, Latin America, and North America