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1001. Brazil Alert: Crime and Elections in Brazil

Author:
Arthur Costa
Publication Date:
07-2002
Content Type:
Policy Brief
Institution:
Center for Strategic and International Studies
Abstract:
In October, Brazil will hold general elections. Voters will choose a new president, governors for Brazil's 27 states, all federal representatives, all state representatives, and two-thirds of the Senate. With the exception of mayors and city counselors, all the public offices of the Brazilian political system will be up for contention. Along with economic issues, such as unemployment, economic growth, and degree of market openness, as in other elections in the region, the issue of law and order will dominate the presidential election campaign in the coming months.
Topic:
Civil Society, Government, and Politics
Political Geography:
South America and Latin America

1002. Lessons of the Euro for the Rest of the World

Author:
Barry Eichengreen
Publication Date:
12-2002
Content Type:
Working Paper
Institution:
Institute of European Studies
Abstract:
Europe's single currency is widely invoked as a potential solution to the monetary and exchange rate problems of other regions, including Asia, Latin America, North America and even Africa. This lecture asks whether the Europe's experience in creating the euro is exportable. It argues that the single currency is the result of a larger integrationist project that has political as well as economic dimensions. The appetite for political integration being less in other parts of the world, the euro will not be easily emulated. Other regions will have to find different means of addressing the tension between domestic monetary autonomy and regional integration. Harmonized inflation targeting may be the best available solution.
Topic:
Economics, International Trade and Finance, and Political Economy
Political Geography:
Africa, Europe, Asia, and Latin America

1003. The European Union's Trade Policy towards MERCOSUR

Author:
Jörg Faust
Publication Date:
11-2002
Content Type:
Working Paper
Institution:
Institute of European Studies
Abstract:
Interregional relations between the European Union and MERCOSUR reflect a general trend of governments and firms to institutionalise their relations not only within but also across regions. As the global liberalization process within the WTO has been stagnating in recent years, transregional strategies have become attractive as next-best strategies. Against this background, the following analysis focuses on the institutional development of EU-MERCOSUR relations and the driving forces behind this development from a European perspective. This, because shedding some light on the political economy of relations between two of the most ambitious integration mechanisms of the 1990s should deepen our understanding of the forces shaping the growing importance of transregional and interregional trade relations. Rather than trying to explain the course of EU-MERCOSUR relations by one dominant hypothesis, I make an appeal for a multi-causal framework, highlighting three aspects of particular importance from a bottom up perspective. Firstly, one can observe that the interplay of economic interest groups has strongly influenced the course of interregional institutionalisation between the EU and MERCOSUR.) Secondly, political actors have not acted as mere agents of private interest but also have followed their own political agendas. Thirdly, the European Union's interregional trade strategy towards MERCOSUR has not been independent of the international context.
Topic:
International Political Economy
Political Geography:
Europe, South America, and Latin America

1004. Colombia: Prospects for Peace with the ELN

Publication Date:
10-2002
Content Type:
Working Paper
Institution:
International Crisis Group
Abstract:
Alvaro Uribe was inaugurated President of Colombia on 7 August 2002 with a strong electoral mandate to fulfil his pledge to enhance the state's authority and guarantee security. In his inaugural address, Uribe promised to search for a negotiated solution to the long-standing armed confrontation with both insurgent groups, the National Liberation Army (ELN) and the Revolutionary Armed Forces of Colombia (FARC) as well as with the paramilitary United Self-Defence Forces of Colombia (AUC). However, in stark contrast to his predecessor, Andrés Pastrana, he conditioned new negotiations on a ceasefire and complete suspension of hostilities.
Topic:
Security and Politics
Political Geography:
Colombia, South America, and Latin America

1005. The 10 March 2002 Parliamentary Elections in Colombia

Publication Date:
04-2002
Content Type:
Working Paper
Institution:
International Crisis Group
Abstract:
On 10 March 2002, little more than two weeks after the end of the peace process with the insurgent Fuerzas Armadas Revolucionarias de Colombia-Ejército del Pueblo (FARC), Colombians elected a new House of Representatives and Senate. Despite heightened apprehension among the electorate and the government about violent interference by the guerrilla and paramilitary organisations, the polls took place in an atmosphere of relative calm and good order. In part this was due to the large-scale deployment of military and police forces across the country to guarantee voter security.
Topic:
Security and Politics
Political Geography:
Colombia, South America, and Latin America

1006. The Stakes in the Presidential Election in Colombia

Publication Date:
05-2002
Content Type:
Working Paper
Institution:
International Crisis Group
Abstract:
This presidential election (first round on 26 May 2002; second round, if needed, on 16 June) will be crucial for the future of Colombia's democracy and its struggle against insurgents and paramilitaries, drugs and widespread poverty. Social and economic distress is now widespread. Public frustration with the ill-fated peace process of the Pastrana Administration over the past three years, its definitive rupture on 20 February 2002, and increased attacks by the main rebel group, the Fuerzas Armadas Revolucionarias de Colombia- Ejército del Pueblo (FARC) on civilians and infrastructure since mid-January have made “war/peace” and “violence” the key vote- determining issues. The failure to negotiate a solution to the longstanding civil war over the past three years has polarised the electorate.
Topic:
Security, Politics, and Poverty
Political Geography:
Colombia, South America, and Latin America

1007. Colombia's Elusive Quest for Peace

Publication Date:
03-2002
Content Type:
Working Paper
Institution:
International Crisis Group
Abstract:
In February 2002, negotiations to end the most dangerous confrontation of Colombia's decades of civil war collapsed. Nearly four years earlier, the newly-inaugurated President Andrés Pastrana had opened talks with the country's major remaining rebel groups, the Fuerzas Armadas Revolucionarias de Colombia-Ejército del Pueblo (FARC) and the Ejército de Liberación Nacional (ELN), with great enthusiasm and hope. But the fighting never ended while the talks sputtered on, and the country now appears headed for a new round of violence in its cities and against its infrastructure. The international community is concerned about the implications not only for Colombia's people and its democratic institutions, but also wider regional stability.
Topic:
Security and Politics
Political Geography:
Colombia, South America, and Latin America

1008. Global Economic Prospects

Author:
Michael Mussa
Publication Date:
09-2002
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
The global economic recovery is continuing but at a somewhat slower pace than was anticipated six months ago. Specifically, using the country weights from the IMF's World Economic Outlook, the forecast for real GDP growth in the world economy during 2002 (i.e., on a fourth-quarter-to-fourth-quarter basis) is cut by about half a percentage point to 3 percent—a pace that is slightly below my estimate of the potential growth rate for world GDP. This downward revision reflects primarily slower growth than earlier expected during the first half of 2002 in most industrial countries and the expectation that growth will remain somewhat more sluggish than earlier expected at least through year-end. For 2003, the forecast for global economic growth is also cut by about half a percentage point—to 4 percent—reflecting both general factors suggesting slightly weaker performance in many industrial and developing countries and the particular economic risks arising from possible military action against Iraq and from potential credit events affecting key developing countries. Despite these downward revisions, however, there is little doubt that the world economy will see significant improvement this year from the 1 percent growth recorded in 2001, and it is still reasonable to expect further improvement to a growth rate modestly above global potential during 2003.
Topic:
Economics
Political Geography:
United States, Iraq, Europe, Israel, Asia, South America, Latin America, and North America

1009. Economic Issues Raised by Treatment of Takings Under NAFTA Chapter 11

Author:
Edward M. Graham
Publication Date:
11-2002
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
This working paper examines, from an economic perspective, the treatment of takings (property rights) under NAFTA Chapter 11. To be more precise, the paper examines the treatment of takings as environmental groups fear might be established as the result of investor dispute settlement under this chapter; as of the date of this writing, most of the cases that have the potential to be precedent-setting have not been finally decided, albeit one—the Metalclad case—has been decided in a way that is unsettling to environmentalists. The author attempts to determine whether requiring public compensation of private investors for diminishment of value resulting from government regulatory action has the potential of achieving anything close to an “optimal” outcome from a societal cost-benefit point of view (defined below). This determination makes use of tools of economic analysis and, in particular, Coase's theorem regarding achieving optimal outcomes where negative externalities are present. The overall conclusion is that, although Coase's theorem can be invoked to argue that such an outcome can be achieved either via a “polluter pays” approach or a “public pays” (or “public must compensate”) approach, as a matter of practical application, the first approach is preferable to the second for a number of reasons, including government “fiscal illusion” and “moral hazard.”
Topic:
Economics and International Organization
Political Geography:
United States, Latin America, and North America

1010. Toward A Sustainable FTAA: Does Latin America Meet The Necessary Financial Preconditions?

Author:
Liliana Rojas-Suarez
Publication Date:
07-2002
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
This paper focuses on identifying preconditions that will ensure the sustainability of a Free Trade Area of the Americas (FTAA). It argues that the macro, micro, and political conditions advanced in the literature to measure a country's ability to compete internationally, while necessary, are not sufficient to ensure the success and permanence of a free trade agreement. Instead, two additional financial conditions are needed. The first is that each partner in the free trade area needs to have sustainable public debts as determined by the achievement of credible and sustainable structural fiscal balances. The second is that exchange rate regimes across trading partners should be compatible in the sense that adverse shocks in one country do not generate a policy dilemma in other partners between abandoning their exchange rate system or the free trade area.
Topic:
Economics and International Trade and Finance
Political Geography:
South America, Latin America, Central America, and Caribbean