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571. Russia's Oil Exports: Economic Rationale Versus Strategic Gains

Author:
Adnan Vatansever
Publication Date:
12-2010
Content Type:
Working Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
Russia, the world's largest oil producer, is vigorously promoting the development of new outlets for oil exports. While the recent launch of a long-awaited cross-border oil pipeline between Russia and China has received most of the publicity, it is a part of a much larger Russian initiative aimed at developing new oil export infrastructure in almost every possible direction: Asia, the Baltic Sea region, the Black Sea region, and the Arctic. This export strategy will have considerable policy and economic implications for Eastern and Central Europe and even the United States.
Topic:
Economics, Energy Policy, Markets, and Oil
Political Geography:
United States and Europe

572. Iran's Youth, The Unintended Victims of Sanctions

Author:
Djavad Salehi-Isfahani
Publication Date:
08-2010
Content Type:
Policy Brief
Institution:
Belfer Center for Science and International Affairs, Harvard University
Abstract:
The effect of the international sanctions on Iran is to deepen its current economic recession and make recovery very difficult if not impossible. In doing so, it will inflict pain on the general population. By prolonging the recession, the sanctions will hurt Iran's youth (15-29 year olds) particularly harshly, as they will bear the brunt of the resulting unemployment. They account for 70 percent of unemployment, and any improvement in their condition depends on economic recovery.
Topic:
Economics and Sanctions
Political Geography:
United States and Iran

573. China's Defense Electronics Industry: Innovation, Adaptation, and Espionage

Author:
James Mulvenon and Matthew Luce
Publication Date:
09-2010
Content Type:
Policy Brief
Institution:
University of California Institute on Global Conflict and Cooperation (IGCC)
Abstract:
Contrary to popular perceptions of China as either "technology thief" or "technology superpower," the success of the Chinese defense electronics sector can be attributed to a combination of indigenous innovation, adaptation of foreign technology, and large-scale technology espionage. Advanced defense electronics components and systems play a key role in this revolution in military capability, making it imperative to understand the strengths and weaknesses of the Chinese defense electronics industry and their implications for U.S. interests in the region.
Topic:
Economics, Science and Technology, and Military Strategy
Political Geography:
United States, China, and Asia

574. Ukraine's Defense Engagement with the United States

Author:
Gary D. Espinas
Publication Date:
06-2010
Content Type:
Journal Article
Journal:
Journal of International Affairs
Institution:
School of International and Public Affairs, Columbia University
Abstract:
Ukraine faces a number of challenges, including a deep economic crisis and a tumultuous political system. These problems, however, only underscore the importance of continued U.S. engagement with Ukraine. The causes of European stability and prosperity are best served by a Ukraine that is democratic, secure in its borders, and integrated into European and Euro-Atlantic institutions. This has been the U.S. position since Ukraine's independence in 1991. In addition to its internal challenges, Ukraine faces an external challenge: Russia. Recent Russian actions suggest that Moscow still considers Ukraine to be within its sphere of influence. Furthermore, Russia's conflict with Georgia in August 2008 demonstrates that Moscow is willing to use a wide variety of tools, including military force, to establish and enforce its sphere of influence. Such attitudes threaten to return Europe to the destructive balance of power politics of its past, rather than promote a peace in the region based on the right of sovereign nations to determine their own future. Ukraine has made a choice to be a part of Europe by undertaking a number of reforms in order to become a truly independent and democratic country. In the interest of greater European stability and prosperity, and in recognition of Ukraine's positive engagement, the United States must continue its efforts to assist Ukraine on the path to democracy.
Topic:
Economics
Political Geography:
Russia, United States, Europe, Ukraine, and Moscow

575. An Update on EU Financial Reforms

Author:
Nicolas Véron
Publication Date:
12-2010
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics (PIIE)
Abstract:
In the context of a transatlantic comparison, the first thing to be mentioned is the difference between the time sequence of financial reforms in the European Union and its equivalent in the United States. The financial crisis started simultaneously on both sides of the Atlantic, with the initial disruption of some financial market segments in August 2007 and the major panic episode of September through October 2008. But they are not at the same stage of policy reaction and especially regulatory reform now. At least four reasons can be identified for this difference.
Topic:
Economics, Global Recession, Monetary Policy, and Financial Crisis
Political Geography:
United States and Europe

576. Toward Institutional Innovation in US Labor Market Policy: Learning from Europe?

Author:
Tobias Schulze-Cleven and Henry Farrell
Publication Date:
07-2010
Content Type:
Working Paper
Institution:
Berkeley Roundtable on the International Economy
Abstract:
What keeps US labor market institutions from more effectively helping the nation cope with the current economic crisis and secure its future prosperity? What is the scope for politically feasible innovation in US labor market policy? These are crucial policy questions. As a result of the global financial crisis, the US unemployment rate climbed into double digits and has remained higher than in many European countries. The US is experiencing the highest level of unemployment for a generation and the highest rate of long-term unemployment for more than half a century. American families are suffering from financial hardship without any fault of their own, and many of the currently unemployed will find it hard to re-enter the workforce during the recovery. Nor is the government easily able to use current programs to help those seeking work. Even though policymakers have launched new initiatives during the past year, the US remains almost uniquely weak among advanced industrialized democracies in its lack of policy programs to support the populace in successfully engaging with the labor market.
Topic:
Economics, Markets, Labor Issues, and Financial Crisis
Political Geography:
United States and Europe

577. Getting What You Want: Positive Inducements in International Relations

Author:
Miroslav Nincic
Publication Date:
08-2010
Content Type:
Journal Article
Journal:
International Security
Institution:
Belfer Center for Science and International Affairs, Harvard University
Abstract:
Positive inducements as a strategy for dealing with regimes that challenge core norms of international behavior and the national interests of the United States ("renegade regimes") contain both promises and pitfalls. Such inducements, which include policy concessions and economic favors, can serve two main purposes: (1) arranging a beneficial quid pro quo with the other side, and (2) catalyzing, via positive engagement, a restructuring of interests and preferences within the other side's politico-economic system (such that quid pro quos become less and less necessary). The conditions for progress toward either purpose can vary, as can the requirements for sufficient and credible concessions on both sides and the obstacles in the way of such concessions. For renegade regimes, a primary consideration involves the domestic purposes that internationally objectionable behavior can serve. An examination of the cases of North Korea, Iran, and Libya finds that negative pressures have been relatively ineffective, suggesting that more attention should be given to the potential for positive inducements to produce better outcomes.
Topic:
Economics
Political Geography:
United States, Iran, North Korea, and Libya

578. Myths about Budget Deficits

Author:
John H. Makin
Publication Date:
02-2010
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
February always brings with it the president's proposals for taxing and spending in the coming fiscal year. The president's budget proposals are accompanied by congressional and administration estimates of the path deficits and government debt are expected to take in coming years. Last year, those projections, especially a three-year string of actual and projected deficits over a trillion dollars from 2009 through 2011, excited widespread comment and handwringing about runaway deficits and their allegedly damaging effects in the form of lower growth, higher inflation, and higher interest rates.
Topic:
Debt, Economics, Political Economy, and Politics
Political Geography:
United States

579. The Year Ahead

Author:
John H. Makin
Publication Date:
01-2010
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
We can expect 2010 to be a volatile year. This likelihood is underscored by looking back at 2008 and 2009. Two thousand eight was a highly volatile year leading up to the collapse of Lehman Brothers in September, which was followed by the risk of a total systemic meltdown. That sharp and obvious risk spike prompted massive policy responses that were simply the largest that central banks, with rate cuts and liquidity provision, and governments, with tax cuts and spending increases, could manage. The result—beginning in March 2009—was a linear rise in the prices of risky assets, the result of massive relief once the slip into a global depression had been averted and the acute phase of the crisis in the financial sector had passed.
Topic:
Economics, International Trade and Finance, Markets, and Financial Crisis
Political Geography:
United States, Japan, China, and Europe

580. Address by Vikram Pandit, Chief Executive Officer, Citi

Author:
Vikram Pandit
Publication Date:
04-2010
Content Type:
Video
Institution:
Columbia University World Leaders Forum
Abstract:
This World Leaders Forum program features a keynote address by Vikram Pandit, Chief Executive Officer of Citi, followed by a question and answer session with the audience.
Topic:
Economics, International Trade and Finance, and Financial Crisis
Political Geography:
United States