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202. National Security Decision Making, Formal vs. Informal Procedures and Structures: Case Study 1 - The Former Soviet Union, Russia and Ukraine
- Author:
- Yuri Nazarkin
- Publication Date:
- 08-2003
- Content Type:
- Working Paper
- Institution:
- Geneva Centre for Security Sector Governance (DCAF)
- Abstract:
- The current Russian security decision-making system represents a particular interest, because Russia today is at a crucial stage of its development. There are a number of factors that are shaping its system: new security dimensions and requirements, traditional and innovative approaches towards security, political interests of various groupings, economic interests of big corporations, politicians' personal ambitions. At the same time the past experience puts a noticeable impact on the current decisionmaking mechanisms. That is why I am going to start with the Soviet period.
- Topic:
- Communism, Development, and Economics
- Political Geography:
- Russia, Ukraine, and Soviet Union
203. A Decomposition Analysis of Regional Poverty in Russia
- Author:
- Anthony Shorrocks and Stanislav Kolenikov
- Publication Date:
- 10-2003
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- This paper applies a new decomposition technique to the study of variations in poverty across the regions of Russia. The procedure, which is based on the Shapley value in cooperative game theory, allows the deviation in regional poverty levels from the all- Russia average to be attributed to three proximate sources; mean income per capita, inequality, and local prices. Contrary to expectation, regional poverty variations turn out to be due more to differences in inequality across regions than to differences in real income per capita. However, when real income per capita is split into nominal income and price components, differences in nominal incomes emerge as more important than either inequality or price effects for the majority of regions.
- Topic:
- Economics and Poverty
- Political Geography:
- Russia, Europe, and Asia
204. Strengthening Financial Sector Governance in Emerging Markets
- Author:
- Robert Litan, Michael Pomerleano, and V. Sundararajan
- Publication Date:
- 07-2002
- Content Type:
- Policy Brief
- Institution:
- The Brookings Institution
- Abstract:
- Policymakers and analysts are still sifting through the wreckage of the Asian financial crisis of 1997 and the subsequent crises in Russia, Turkey, and Argentina to discern key lessons so that similar crises will not recur. Some lessons are by now well understood. Pegged exchange rates can encourage excessive borrowing and expose countries to financial collapse when foreign exchange reserves run dry. Inadequate disclosures by both private companies and public bodies can lead to similar dangers. Although many factors undoubtedly contributed to these crises, it is now widely recognized that each suffered from a failure in “governance,” and in particular a failure in governance in their financial sectors. Accordingly, the World Bank Group, the International Monetary Fund (IMF), and the Brookings Institution devoted their fourth annual Financial Markets and Development Conference, held in New York from April 17-19, 2002, to the subject of financial sector governance in emerging markets. This conference report summarizes some of the highlights of the conference, whose full proceedings will be published as a Brookings book in the fall of 2002.
- Topic:
- Economics, Emerging Markets, Government, and International Trade and Finance
- Political Geography:
- Russia, New York, Turkey, Asia, and Argentina
205. Russia's Decline and Uncertain Recovery
- Author:
- Thomas E. Jr. Graham
- Publication Date:
- 05-2002
- Content Type:
- Working Paper
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- For much of the first decade after the collapse of the Soviet Union, the issue of reform—of transition to free-market democracy—dominated discussions of Russia in Russia itself and in the West. Russian president Boris Yeltsin advocated reform; Western governments declared their support and offered their assistance. This was particularly true of the U.S. government. President Clinton's administration came into office in 1993 determined to assist Russia in its transformation into “a normal, modern state—democratic in its governance, abiding by its own constitution and by its own laws, market-oriented and prosperous in its economic development, at peace with itself and the rest of the world,” as deputy secretary of state Strobe Talbott, the chief architect of the U.S. administration's Russia policy, was wont to put it.
- Topic:
- Economics and Government
- Political Geography:
- Russia, United States, Europe, Asia, and Soviet Union
206. Determinants and Repercussions of the Composition of Capital Inflows
- Author:
- Mark Carlson and Leonardo Hernandez
- Publication Date:
- 01-2002
- Content Type:
- Working Paper
- Institution:
- Board of Governors of the Federal Reserve System
- Abstract:
- The Mexican, Asian, and Russian crises of the mid- and late 1990s have renewed the interest among policymakers in the determinants and effects of private capital flows. This paper analyzes whether policies can affect the composition of capital inflows and whether different compositions aggravate crises. We find that, while fundamentals matter, capital controls can affect the mix of capital inflows that countries receive. We find that during the Asian crisis countries with more Yen denominated debt faired worse, while during the Mexican crisis larger short-term debt stocks increased the severity of the crisis.
- Topic:
- Conflict Resolution and Economics
- Political Geography:
- Russia, Asia, and North America
207. The Argentine Implosion
- Author:
- Luigi Manzetti
- Publication Date:
- 11-2002
- Content Type:
- Working Paper
- Institution:
- The North-South Center, University of Miami
- Abstract:
- In December 2001, Argentina recorded the world's largest default ever, as it failed to honor payments on its US$132 billion foreign debt. Since then, five presidents have been in power, the Argentine peso has been devalued by 120 percent, and the banking system has virtually collapsed, dragging the economy into a depression. The gross domestic product (GDP) contracted 16.3 percent in the first quarter of 2002. Argentina's per capita income has become one of the worst in Latin America, and, as a result, more than one-third of its people live under the poverty line. 1 Argentines' confidence in their elected officials has disappeared. By most accounts, the country has literally imploded to a degree that has no precedent in Latin America's contemporary history. This is particularly bewildering, considering that only 10 years ago Argentina was hailed around the world as a model of successful economic reforms, with standards of living that were not only the highest in the region but comparable to those of some southern European countries. How could Argentina go from role model to international outcast so quickly? Some place the blame on external shocks created by the financial crises in Mexico (1995), Indonesia (1997), Thailand (1998), and Russia (1998). Others say the cause of the problem was misguided policy advice from the International Monetary Fund (Stiglitz 2002). Yet, most analyses ascribe much of the trouble to the Convertibility Law's fixed exchange rate policy adopted in 1991.
- Topic:
- Economics, Government, and International Trade and Finance
- Political Geography:
- Russia, Indonesia, Argentina, South America, Latin America, Mexico, and Thailand
208. Divergence and dispersion in the Russian economy
- Author:
- Per Botolf Maurseth
- Publication Date:
- 12-2002
- Content Type:
- Working Paper
- Institution:
- Norwegian Institute of International Affairs
- Abstract:
- In the Soviet Union, one result of central planning was geographical decentralisation of economic activity to a large set of remote peripheral regions. For Russian post-Soviet regions an important question is whether centripetal market forces may alter the pre-existing industrial location. This paper addresses some aspects of regional economic development in Russia. The Russian economic landscape differs from what is common in market economies. Peripheral regions are generally richer than the average. During the 1990s, differences in gross regional product increased. These developments have also meant less spatial concentration of economic activity. During the last half of the 1990s, economic growth was higher in central regions than in the peripheries. If these trends continue, the Russian economic landscape will alter significantly in the future, with income per capita, total income and population being concentrated in economic central regions.
- Topic:
- Development, Economics, and Industrial Policy
- Political Geography:
- Russia and Soviet Union
209. Measuring the Non-Observed Economy
- Author:
- Derek Blades and David Roberts
- Publication Date:
- 11-2002
- Content Type:
- Policy Brief
- Institution:
- The Organisation for Economic Co-operation and Development
- Abstract:
- Strictly speaking, the Gross Domestic Product (GDP) is only a measure of economic activity, but in practice it is often used to compare the relative wellbeing of countries as well as their overall economic performance. To measure the latter, users normally look at the rates of growth of GDP, while for comparing relative wellbeing the levels of GDP percapita are used. The absolute level of GDP is also used for calculating policy-relevant indicators such as the ratio of government deficit to GDP, the ratio of R expenditure to GDP and the ratio of carbon dioxide emissions to GDP.
- Topic:
- Economics and International Organization
- Political Geography:
- Russia
210. A Private Hero for a Privatized Country
- Author:
- Leon Aron
- Publication Date:
- 06-2002
- Content Type:
- Policy Brief
- Institution:
- American Enterprise Institute for Public Policy Research
- Abstract:
- The most interesting phenomenon on Russia's literary scene today is the popularity of the Erast Fandorin mysteries by Grigoriy Shalvovich Chkhartishvili, who writes as Boris Akunin.
- Topic:
- Democratization, Economics, and Emerging Markets
- Political Geography:
- Russia, Europe, and Asia