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6711. Capturing the Moment: Sudan's Peace Process in the Balance

Publication Date:
04-2002
Content Type:
Working Paper
Institution:
International Crisis Group
Abstract:
Sudan's window of opportunity threatens to become a missed opportunity if the peace process is not revitalised in the near future. Escalation of fighting around the oil fields, increasing use by the government of helicopter gunships against civilian as well as military targets, and indecision surrounding the nature of wider international engagement all put at risk Sudan's best chance for peace since the latest phase of civil war began nearly nineteen years ago. The parties continue to signal that they are ready to negotiate seriously. The international community, and in particular the United States, must seize this opportunity to revitalise the peace process before the two sides recommit themselves to resolving Africa's longest conflict on the battlefield.
Topic:
Conflict Resolution, Ethnic Conflict, International Cooperation, and Treaties and Agreements
Political Geography:
United States, Sudan, and North Africa

6712. Serbia: Military Intervention Threatens Democratic Reform

Publication Date:
03-2002
Content Type:
Working Paper
Institution:
International Crisis Group
Abstract:
The Yugoslav Army's arrest on 14 March 2002 of a leading Serbian politician and a U.S. diplomat signals that for the first time the Army has openly entered the political arena and is explicitly attempting to set limits on political debate and policy. Serbian politicians will cross those red lines at their peril. The nationalist, conservative and corrupt military, which as the incident demonstrates is at least substantially beyond civilian control, seems intent on protecting important elements of the Milosevic legacy and is apparently now prepared to intervene more openly to influence negatively a broad range of policies, including the domestic reform agenda, cooperation with the Hague Tribunal, and relations with neighbouring countries. That Serbia is struggling to decide whether its course is toward the European mainstream or the reactionary polity of a Belarus should be of great concern to the international community.
Topic:
Defense Policy and Politics
Political Geography:
United States, Eastern Europe, Yugoslavia, and Serbia

6713. Pakistan: The Dangers of Conventional Wisdom

Publication Date:
03-2002
Content Type:
Working Paper
Institution:
International Crisis Group
Abstract:
With the continuing military campaign in Afghanistan, the international community has fundamentally shifted its policies toward Pakistan. The government of President Pervez Musharraf has been repeatedly praised as a key ally in the war against terrorism, and the U.S. alone has indicated that it will offer Pakistan more than one billion dollars in assistance. This briefing explores some of the most important dynamics underpinning the international community's revised approach to Pakistan and suggests that much of the conventional wisdom relies on dangerously faulty assumptions with important implications for future policy and regional security.
Topic:
Security, Democratization, and War
Political Geography:
Pakistan, Afghanistan, United States, and South Asia

6714. The IMU and the Hizb-ut-Tahrir: Implications of the Afghanistan Campaign

Publication Date:
01-2002
Content Type:
Working Paper
Institution:
International Crisis Group
Abstract:
The attacks in the United States on 11 September 2001 and the U.S.-led military campaign in Afghanistan have intensified the scrutiny of Islamist movements across Central Asia. Of such movements, two – the Islamic Movement of Uzbekistan (IMU) and the Hizb-ut-Tahrir al-Islami (“Party of Islamic Liberation”) – have been of greatest concern to the governments of Uzbekistan, Kyrgyzstan and Tajikistan and to the broader international community.
Topic:
Conflict Resolution, Government, and Terrorism
Political Geography:
Afghanistan, United States, Central Asia, Kyrgyzstan, and Uzbekistan

6715. The Cost of Multilateral Action

Author:
Shepard Forman, Maurizio Iacopetta, Charles Grayboy, and Yoram Wurmser
Publication Date:
06-2002
Content Type:
Working Paper
Institution:
Center on International Cooperation
Abstract:
This explanatory note accompanies five tables developed and prepared over the past two years by graduate assistants at the Center on International Cooperation (CIC), New York University. Together, the tables describe CIC's preliminary efforts to aggregate the costs of international public goods and services provided through intergovernmental organizations. It does not account for bilateral funding nor for expenditures from non-governmental and other private actors. While the data is partial and subject to methodological deficiencies, it does provide a framework for estimating annual expenditures associated with the provision of goods and services through intergovernmental organizations as well as an indication of their distribution across sectors and regions. Reporting our findings at this early stage of the work is intended to encourage commentary on both the methodology employed and the findings to date, as well as to stimulate further research on the costs and financing of the international public sector.
Topic:
Government, International Cooperation, and Non-Governmental Organization
Political Geography:
United States and New York

6716. 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

6717. The Foreign Sales Corporation: Reaching the Last Act?

Author:
Gary Hufbauer
Publication Date:
11-2002
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
Some trade disputes—like long Russian novels—never seem to end. The United States, Europe, and other trading nations have disputed the taxation of export earnings since the 1970s. To understand why the Foreign Sales Corporation (FSC) dispute is so hard to resolve, we must start with a historical tour.
Topic:
Economics and Political Economy
Political Geography:
Russia, United States, and Europe

6718. Support the Ex-Im Bank: It Has Work to Do!

Author:
Gary Clyde Hufbauer and Ben Goodrich
Publication Date:
05-2002
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
The US Export-Import (Ex-Im) Bank is again at the center of controversy, as Congress debates the terms for its charter renewal. This policy brief critiques provisions of the House and Senate versions of the reauthorization bill and summarizes three justifications for Congress giving adequate support to the Ex-Im Bank. Box 1 provides a capsule description of the Ex-Im Bank's operations.
Topic:
Economics, Government, and International Trade and Finance
Political Geography:
United States

6719. 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

6720. Home Bias, Transactions Costs, And Prospects For The Euro: A More Detailed Analysis

Author:
Catherine L. Mann and Ellen E. Meade
Publication Date:
07-2002
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
This paper brings together the literature on determination of home bias in equity holdings and the portfolio balance model of exchange rates to consider whether the dollar might be affected by a change in transactions costs that alters international portfolio allocations. Our empirical findings lend support to the view that transactions costs have a significant influence on US portfolio holdings, even after accounting for float market share. In addition, new survey evidence on the equity holdings of European firms indicates home bias for European investors, and points to a reduction in the magnitude of this home bias since 1997.
Topic:
Economics and International Trade and Finance
Political Geography:
United States and Europe