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21. Financial Regionalism in East Asia

Author:
Ulrich Volz
Publication Date:
12-2012
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
This article provides an overview of the current state of financial regionalism in East Asia and discusses why and how the East Asian countries should go forward in terms of financial and monetary regionalism. It highlights intra-regional exchange rate stability as an important regional public good and makes the case for greater exchange rate cooperation. To this end, East Asian countries should gradually reduce their exposure to the US dollar and move towards currency basket regimes which would sustain relative intra-regional exchange rate stability while allowing for sufficient flexibility to accommodate idiosyncratic shocks. Against the backdrop of the global and European financial crisis, the article also urges a reconsideration of the costs and benefits of international – and regional – financial integration and calls for a further strengthening of East Asia's regional financial architecture.
Political Geography:
United States and East Asia

22. China's Rise as an International Factor: Connecting the Dots

Author:
François Godement
Publication Date:
06-2012
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
The term "peaceful development" has created ambiguity. It fails to capture the extent to which China has become a global influence whose economic policy decisions are essential to the world multilateral system. China's international strategy can no longer be guided only by the quest for "stability" and by the principle of non-interference, because change and interdependence are a hallmark of this century. Neither can a relation with the United States alone define China's international strategy. Hopefully, China will understand the usefulness for rising powers to make long-lasting compromises, and it will strengthen instead of weaken a set of international institutions that have allowed for the most prosperous and peaceful era in human history.
Political Geography:
United States and China

23. Chinese Overseas Investment in the European Union

Author:
Kerry Brown
Publication Date:
06-2012
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
Chinese overseas investment is a new, and growing phenomenon. In the last decade, there have been exponential increases in how much direct investment is flowing from China, particularly into the resource sector. As the eurozone crisis has deepened since 2008, there has been continuing talk by political and business leaders of investment in Europe being a key target for Chinese companies. And yet, the amounts invested so far come to less than 5 percent of China's global overseas foreign direct investment (FDI) total. In the crucial determinants of Chinese FDI, the EU ranks low. There is therefore a good structural reason why, despite the ambitious talk of the Chinese coming to invest more in vital sectors in the EU, this is not happening at the moment and is not likely to happen until China develops into a middle income, more developed economy.
Topic:
Government
Political Geography:
United States, China, and Europe

24. US No. 1, China No. 2, or Will it Be the Other Way Round?

Author:
Jean-Pierre Cabestan
Publication Date:
06-2012
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
Here are three very different books about China's rise and its relations with the world. The first two tend to give the shivers while the third, much more nuanced and balanced, is somewhat reassuring – up to a point. However, the three authors highlight the challenges that China's apparently irresistible re-emergence represent for the world. They also all share a focus on, if not an obsession with the United States which, in spite of its supposed decline, clearly remains in their eyes the ultimate benchmark of leadership and success, neglecting to various degrees other and less classical forces structuring and constraining China's rise, such as the European Union, globalisation, multipolarity and the social media.
Political Geography:
United States, China, and Europe

25. Palestinian-Israeli Negotiations: An Objective in Themselves

Author:
Iyad Barghouti
Publication Date:
03-2011
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
Despite the efforts put into negotiations, they have created a self-perpetuating cycle of disappointment, frustration and empty dialogue. With contradictory Palestinian and Israeli agendas - Palestinians negotiating for an independent state, an end to occupation, etc., and Israel negotiating primarily over security concerns - one must question the reason behind prolonged negotiations. Is US mediation, accused by many of extreme bias towards Israel, to blame? Or are negotiations an Israeli objective to execute a particular political agenda? In spite of the international community's recognition of establishing an independent Palestinian state, the current reality on the ground undermines any creation of one. This reality was allowed only by the strategic prolonging of negotiations. A particular focus on the proceedings following the Oslo Accords explains how Palestinian-Israeli negotiations have been used to pursue a particular objective.
Topic:
Security
Political Geography:
United States, Israel, and Palestine

26. A Package Not Delivered: US Incentives and Israel's Settlement Freeze

Author:
Nimrod Goren
Publication Date:
03-2011
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
Incentives are capable of creating favourable environments in which peace processes can make progress. This is especially true for mega incentives, which can assist in overcoming political and socio-psychological barriers to peace. In Israeli-Arab peacemaking, incentives have not yet proven efficient. To date, they have been used in a limited and inefficient manner. In 2010, the US offered Israel incentives in return for an extension of Israel's settlement freeze. This move failed due to unfavourable political conditions and scepticism regarding its ability to bring about a major breakthrough. Nevertheless, it signaled that incentives are now an integral tool in US diplomacy and could serve as a step towards crafting a multi-national mega incentive package for Middle East peace.
Political Geography:
United States, Middle East, and Israel

27. How to Renew Transatlantic Relations in the 21st Century

Author:
Marcin Zaborowski
Publication Date:
03-2011
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
The EU and the US, mainly through NATO, have been successful in securing peace and prosperity in Europe during the Cold War and in promoting peace beyond Europe after 1990. With the emergence of new powers and the rise of multipolarity, however, it is no longer apparent that transatlantic relations are indispensable and ways must be found to make sure that the relationship remains relevant. The EU and the US currently relate poorly to each other and as a result do not obtain the best possible outcome from their combined resources. Two elements are key to improving transatlantic relations: an inclusive policy towards Turkey (in the strategic interests of both the EU and the US) and more permanent and workable structures suited to the realities of the 21st century.
Topic:
NATO
Political Geography:
United States, Europe, and Turkey

28. Recent Publications

Publication Date:
03-2011
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
No abstract is available.
Topic:
NATO
Political Geography:
United States and Europe

29. Power, Leadership and US Foreign Policy

Author:
Erik Jones
Publication Date:
09-2011
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
The Obama administration is attempting to 'lead from behind' in Libya, causing much concern among its allies and derision among its adversaries. Nevertheless this strategy represents an appropriate response both to the specific situation in Libya and to the wider constraints on American global leadership. With the shift in global resources from North to South and West to East, collective action has become more difficult to organise and global institutions have become harder to reinforce. Meanwhile governments in the United States and elsewhere must wrestle to bring their fiscal accounts back under control. A cooperative approach is the only answer. The difficulty for the Obama administration is that by emphasizing cooperation they make the success of their Libya intervention depend upon the actions of the other countries involved. Should France and Great Britain fail in Libya, President Obama's new conception of American global leadership will falter as well.
Topic:
Foreign Policy
Political Geography:
United States, America, France, and Libya

30. Iraq's Long Road to National Reconciliation

Author:
Myriam Benraad
Publication Date:
09-2011
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
As the US prepares to pull out of Iraq, the 'national reconciliation' process that was launched in the Summer of 2006 remains stalled. The March 2010 legislative elections, which were expected to consecrate the rebuilding of a national pact between Iraqis, have led to even greater fragmentation of Iraq's socio-political landscape. The power sharing agreement ultimately presages more tensions to come. With the essence and reality of the Iraqi 'nation' long debated and subjected to continued deconstruction under the combined effects of authoritarianism, military conflagrations and economic sanctions, it will likely take decades before a genuine reconciliation can come about.
Topic:
Economics
Political Geography:
United States and Iraq