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1741. The Macroeconomic Experience of Japan Since 1990: An Empirical Investigation

Author:
Warwick McKibbin
Publication Date:
12-1999
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
This paper outlines the macroeconomic experience of the Japanese economy since 1990. The MSG2 multi-country model is used to determine the extent to which the strong yen and growth experience of Japan over this period was due to underlying trends in the Japanese economy and to what extent shocks such as changes in the settings of monetary and fiscal policies in Japan and overseas, as well as the Kobe earthquake, played a role. It is shown that many of the key features of the Japanese economy over this period can be attributed to inappropriate macroeconomic policy settings in Japan as well as reflecting long term trends due to population changes and a maturing of the Japanese economy. In particular, it is shown that announcing expansionary fiscal policy in advance of implementation and exaggerating the extent of actual stimulus, tended to appreciate the yen and raise long term real interest rates which further reduced real GDP growth over the period. The extent to which macroeconomic policy rather than entrenched structural problems can explain the experience suggests that future prospects for the Japanese economy are not as bleak as sometimes predicted. Growth is unlikely to return to the high levels experienced in previous decades because of the maturing of the Japanese economy and low future population growth in Japan. This paper projects growth to be sustainable at around 2.5% per year over the next decade and a continual appreciation of the yen in both real and nominal terms.
Topic:
Economics and Political Economy
Political Geography:
Japan, Israel, and East Asia

1742. Old Wine in New Bottles: The Pentagon's East Asia Security Strategy Report

Author:
Doug Bandow
Publication Date:
05-1999
Content Type:
Working Paper
Institution:
The Cato Institute
Abstract:
To contain Soviet-led communism and, secondarily, to prevent a militarily resurgent Japan, Washington established a network of alliances, bases, and deployments throughout East Asia after World War II. By the 1990s the Soviet Union had imploded, China had become a reasonably restrained international player, and other communist states had lost their ideological edge. At the same time, the noncommunist nations had leaped ahead economically. Despite such momentous developments, however, U.S. policy remains fundamentally the same.
Topic:
Security, Foreign Policy, and Defense Policy
Political Geography:
United States, Japan, China, Washington, Israel, and Soviet Union

1743. Strengthening Palestinian Public Institutions

Author:
Yezid Sayigh, Henry Siegman, Michel Rocard, and Khalil Shikaki
Publication Date:
06-1999
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
The Interim Period of Palestinian Self-Government Arrangements in the West Bank and Gaza Strip as stipulated in the Declaration of Principles signed by the Palestine Liberation Organization (PLO) and the state of Israel on September 13, 1993, came to an end on May 4, 1999. During that period the two parties signed additional agreements on the transfer of functional and territorial jurisdiction to the Palestinian Authority, which assumed direct responsibility for the conduct of daily life and for cooperation and coordination with Israel in a wide range of spheres. Progress toward a permanent settlement of the decades-old conflict between Palestinians and Israelis, as well as toward peaceful relations in the region, requires the establishment of a capable, credible, and meaningful Palestinian political entity. Good governance is a necessary condition for the success of the peace process, and therefore all parties bear a responsibility to assist and facilitate the strengthening of Palestinian public institutions. The United States, the European Union, Norway as chair of the international donor community, and the international community as a whole hold this view firmly. They have demonstrated a sustained commitment to these goals, extending strong political support, reassurance, and diplomatic input to the process. Moreover, the international community pledged $4.1 billion in assistance for Palestinian reconstruction and development in 1994-98, of which some $3.6 billion was committed against specific projects and $2.5 billion of which was actually disbursed by the end of 1998. Around 10 percent of total disbursement was directed toward Palestinian institution-building. The construction and consolidation of effective and democratic governing institutions based on transparency and accountability is a major step on the road to attaining genuine self-determination for the Palestinians, peace and security for Israel and its neighbors, and stability for the region as a whole. This is the basis for the Palestinians to gain ownership over the assistance, investment, and planning programs that are at present shepherded by the international donor community and its representative institutions on the ground. Ownership is necessary for the Palestinians to make a successful transition from externally assisted emergency rehabilitation and post-conflict reconstruction to sustainable social and economic development, greater self-reliance, and confident competitiveness in global markets. A primary goal of the Palestinian Authority, and of its partners and counterparts in Israel and the international community, should therefore be to achieve good governance, based on the following: a constitutional government; political accountability and judicial review; the transparent and accountable management of public resources; the rule of law and citizens' rights; democratic participatory politics and pluralist civil society; and an effective and responsive public administration. The issue is not only one of organization—that is, of the structures composed of individuals working toward common ends. Even more important, it is one of the rules, norms, and practices that define public institutions and their operating culture and determine relations with their constituents. The Palestinians are moving into a new and decisive phase in their national history, and the purpose of this report is to assist in identifying what needs to be done in order to make that transition successfully.
Topic:
Government, International Cooperation, and Political Economy
Political Geography:
United States, Middle East, Israel, Norway, Palestine, and Gaza

1744. Security Multilateralism in Asia: Views from the United States and Japan

Author:
Stephan Haggard, Ralph Cossa, Daniel Pinkston, and Akiko Fukushima
Publication Date:
06-1999
Content Type:
Working Paper
Institution:
University of California Institute on Global Conflict and Cooperation (IGCC)
Abstract:
The U.S. government has been generally supportive of, and an active participant in, a broad variety of multilateral security dialogue mechanisms that have emerged in the Asia-Pacific region in recent years. These efforts at building trust and confidence, both at the official and at the nongovernmental or so-called track-two level, have the potential for enhancing Northeast Asian regional security. All Northeast Asian nations express support for such efforts, and the current trend toward multilateralism is generally consistent with U.S. foreign policy objectives in Asia as an important complement to America's bilateral security arrangements, which remain the foundation of U.S. security policy in Asia.
Topic:
Security and International Cooperation
Political Geography:
United States, Japan, America, Israel, Asia, and Northeast Asia

1745. Ideas Toolkit: The Role of Culture in the Transboundary Air Pollution Issue in Northeast Asia

Author:
Kenneth E. Wilkening
Publication Date:
02-1999
Content Type:
Working Paper
Institution:
International Studies Association
Abstract:
This paper outlines a general approach for analyzing the role of culture in international environmental policymaking. It draws on work in anthropology and foreign policy analysis. As a first step in investigating the role of culture in international environmental policy, culture needs to be viewed as a “toolkit of environmental ideas.” The second step is to delimit broad definitions of culture to a more workable forms. Three forms are offered (following Hudson 1997a): culture as organization of environmental meaning, environmental shared-value preferences, and templates for environmental action. The third step is to answer three basic questions relative to the specific definition of culture employed: who draws what environmentally-related ideas from the ideas toolkit, how are these ideas employed in the political arena, and how do these ideas, originally drawn upon for political purposes, change and ultimately end up changing the set of environmentally-related ideas in the toolkit. In the political arena the ideas are assumed to be embodied in a “discourse.” The terminology of discourse and the body of theory built up around it is then used as a vehicle for examining the role of culture and cultural change in international environmental policymaking. A rough and preliminary attempt is made to provide a concrete example of the above approach in relation to the role of culture in the transboundary air pollution issue in Northeast Asia.
Topic:
International Relations, Environment, and Politics
Political Geography:
Israel and Northeast Asia

1746. Israel's Relations with the Vatican

Author:
Aharon Lopez
Publication Date:
03-1999
Content Type:
Policy Brief
Institution:
Jerusalem Center for Public Affairs
Abstract:
During the ceremony of the presentation of my credentials as the Ambassador of Israel to the Holy See on April 10, 1997, I told His Holiness that, actually, this was not my first connection with the Vatican. In fact, when I served as Ambassador of Israel to the Republic of Cyprus, in one of the ceremonies there, I was approached by the non-resident Ambassador of Outer Mongolia, who asked me whether I represented the Holy See in Cyprus. Of course I answered that I represented the State of Israel. Then, looking at my head, he remarked: "Oh, you are right, sir; now I can see the difference in the color!" Of course, he was referring to my skullcap.
Topic:
International Relations, Diplomacy, and Religion
Political Geography:
Europe, Middle East, Israel, and Vatican city

1747. The Israeli Elections: Another Turning Point?

Author:
Alan Dowty
Publication Date:
05-1999
Content Type:
Policy Brief
Institution:
Kroc Institute for International Peace Studies, University of Notre Dame
Abstract:
The 1999 Israeli elections confirm the emergence of a more centrist Israeli politics A “national unity government” emerging from the elections is a distinct possibility Though the peace process was not a major issue, the outcome will be a renewal of peace talks Deals on both the Palestinian and Syrian fronts may be closer to realization than is generally realized.
Topic:
Government, Peace Studies, and Elections
Political Geography:
Middle East, Israel, Palestine, and Syria

1748. Middle East—Peace Process Unfrozen

Author:
Oxford Analytica
Publication Date:
09-1999
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
Last week's signing of an Israeli–Palestinian agreement at Sharm al-Sheikh represents an important development in the search for a lasting settlement in the Middle East. The deal illustrates that it is possible to reach an agreement from which all parties will gain, while also exposing enduring problems. The progress made at Sharm al-Sheikh represents, as Nabil Shaath of the Palestinian authority described, an 'unfreezing' of the peace process. Whether the whole process can be infused with greater warmth depends firstly on US efforts to impel the Syrian–Israeli peace negotiations; secondly, it relies on the ability of the regional leaders to make the compromises necessary to reach a peace that all can present as a victory to their domestic constituencies.
Topic:
Conflict Resolution, Development, and Peace Studies
Political Geography:
United States, Middle East, Israel, Palestine, and Syria

1749. Building an Asia-Pacific Security Community: The Role of Nuclear Weapons

Author:
C. Richard Nelson, James E. Goodby, Tomohisha Sakanaka, W. Neal Anderson, Tomohide Murai, and Shinichi Ogawa
Publication Date:
05-1999
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
The main challenge for Asia is to build a security community that transforms a legacy of military competition into security cooperation. This transformation will be difficult because of the high level of distrust among the states and considerable uncertainty about future relations. Asia lacks the kinds of developed, institutionalized multilateral security arrangements that contribute to transparency, confidence-building and long-term stability. Furthermore, a “ business as usual ” approach that focuses on managing bilateral relationships is unlikely to result in a security community. More attention needs to be devoted to multilateral security efforts. Without the reassurance of a network of cooperative arrangements, including verifiable arms limitations, potential adversaries may place their hopes in achieving unilateral military advantages. Such efforts could foster fears of regional domination and, in turn, a potential arms race that includes nuclear weapons and ballistic missiles.
Topic:
Security and NATO
Political Geography:
United States, Israel, East Asia, and Asia

1750. The Nonproliferation Regime under Siege

Author:
George Bunn
Publication Date:
09-1999
Content Type:
Working Paper
Institution:
Center for International Security and Cooperation
Abstract:
The nuclear nonproliferation regime was challenged in 1998 by nuclear-weapon tests in India and Pakistan, by medium-range missile tests in those countries and in Iran and North Korea, by Iraq's defiance of UN Security Council resolutions requiring it to complete its disclosure of efforts to acquire weapons of mass destruction, and by the combination of “loose nukes” and economic collapse in Russia. Additional threats to the regime's vitality came in 1999 from the erosion of American relations with both China and Russia that resulted from NATO's 1999 bombing of Yugoslavia—with additional harm to relations with China resulting from U.S. accusations of Chinese nuclear espionage and Taiwan's announcement that it was a state separate from China despite its earlier acceptance of a U.S.-Chinese “one China” agreement. Major threats to the regime also came from the continued stalemate on arms-control treaties in the Russian Duma and the U.S. Senate, from a change in U.S. policy to favor building a national defense against missile attack, and from a Russian decision to develop a new generation of small tactical nuclear weapons for defense against conventional attack.
Topic:
International Relations, Arms Control and Proliferation, Economics, Government, and Nuclear Weapons
Political Geography:
Pakistan, Russia, United States, China, Europe, Iran, South Asia, Middle East, Israel, East Asia, Asia, and Korea