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1411. Why Growth in Emerging Economies Is Likely to Fall

Author:
Anders Åslund
Publication Date:
11-2013
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
Emerging-market growth from 2000 to 2012 was untypically high. This paper highlights the many reasons why emerging-economy growth is likely to be lower going forward. Much of the catch-up potential has already been used up. The extraordinary credit and commodity booms are over, and many large emerging economies are financially fragile. They have major governance problems, so they need to carry out major structural reforms to be able to proceed with a decent growth rate, but many policymakers are still in a state of hubris and not very inclined to opt for reforms. They are caught up in state and crony capitalism. Rather than providing free markets for all, the West might limit its endeavors to its own benefit. Economic convergence has hardly come to an end, but it has probably reached a hiatus that is likely to last many years. The emerging economies need to improve their quality of governance and other economic policies substantially to truly catch up. For a decade or so, the West could take the global economic lead once again as in the 1980s.
Topic:
Economics, Emerging Markets, International Trade and Finance, Monetary Policy, and Governance
Political Geography:
Russia, China, India, South Africa, and Brazil

1412. Education in Member State Submissions under the EU Framework for National Roma Integration Strategies

Author:
Eben Friedman
Publication Date:
12-2013
Content Type:
Working Paper
Institution:
European Centre for Minority Issues
Abstract:
The European Union's (EU) strategy for recovery from the economic crisis that began at the end of the first decade of the 2000s is organized around three priorities: smart growth, sustainable growth, and inclusive growth (European Commission 2010: 9). While the three types of growth are presented as mutually reinforcing, explicit attention to minorities in general and to Roma in particular comes only under the heading of inclusive growth, defined as "empowering people through high levels of employment, investing in skills, fighting poverty and modernising labour markets, training and social protection systems so as to help people anticipate and manage change, and build a cohesive society" (European Commission 2010: 17). As part of the "European Platform against Poverty" planned in the area of inclusive growth, the European Commission (EC) calls on Member States "[t]o define and implement measures addressing the specific circumstances of groups at particular risk (such as one-parentamilies, elderly women, minorities, Roma, people with a disability and the homeless" as a means of "rais[ing] awareness and recognis[ing] the fundamental rights of people experiencing poverty and social exclusion, enabling them to live in dignity and take an active part in society" (European Commission 2010: 19).
Topic:
Economics, Education, Human Rights, Governance, and Minorities
Political Geography:
Europe

1413. Taking off as a Global Power? China's Foreign Policy "Grand Strategy"

Author:
Sven Bernhard Gareis
Publication Date:
04-2013
Content Type:
Working Paper
Institution:
George C. Marshall European Center for Security Studies
Abstract:
The People's Republic of China has long been a very visible actor in international politics. With 1.4 billion inhabitants, it is the most populous country in the world, with a land mass of 9.6 million square kilometers bordering 14 states in East, South, and Central Asia. China has a long Pacific coastline, along which it claims vast areas of the South China Sea. A nuclear power since 1964, the People's Republic of China has the largest armed forces in the world, numbering approximately 2.3 million soldiers. China has been a permanent member of the UN Security Council since 1971; for many years, it has figured prominently in all decision making processes with global impact.
Topic:
International Relations, Foreign Policy, Economics, and International Trade and Finance
Political Geography:
China and Central Asia

1414. Broken Borders: Government, Foreign-Born Workers, and the U.S. Economy

Author:
Benjamin W. Powell and Zachary Gochenour
Publication Date:
09-2013
Content Type:
Policy Brief
Institution:
Independent Institute
Abstract:
The U.S. government interferes with the market for foreign laborers by restricting the number and mix of immigrants and setting tight quantitative limits on foreign-born guest workers. This has created a mismatch between the demand for foreign workers from U.S. businesses and their supply, directly leading to the illegal immigration situation we confront today. The current system inefficiently limits the gains that our economy could achieve from employing larger numbers of foreign workers, and it disproportionately harms small U.S. businesses. The economic fears associated with increased guest workers or immigrants are unfounded. The current Senate immigration reform proposal would be a marginal improvement but does not go far enough. Red Card, an alternative guest worker proposal, would better coordinate labor markets. Ultimately, an immigration market free from government limitations and interference would be the most efficient solution.
Topic:
Economics, Labor Issues, Immigration, and Governance
Political Geography:
United States and North America

1415. Inward FDI in the United States and its policy context

Author:
Lucyna Kornecki
Publication Date:
02-2013
Content Type:
Working Paper
Institution:
Columbia Center on Sustainable Investment
Abstract:
Inward foreign direct investment (IFDI) represents an integral part of the United States (U.S.) economy, with its stock growing from US$ 83 billion in 1980 to US$ 3.5 trillion in 2011. The United States, which had earlier been primarily a home for multinational enterprises (MNEs) rather than a host for affiliates of foreign MNEs, has become a preferred host country for FDI since the 1980s. Foreign MNEs have contributed robust flows of FDI into diverse industries of the U.S. economy, and total FDI inflows reached US$227 billion in 2011, equivalent to 15% of global inflows, the single largest share of any economy. Inflows of FDI, with a peak of US$ 314 billion in 2000 and another of US$ 306 billion in 2008, have been an important factor contributing to sustained economic growth in the United States. The recent financial and economic crises negatively impacted FDI flows to the United States and opened a period of major uncertainty. The effectiveness of government policy responses at both the national and international levels in addressing the financial crisis and its economic consequences will play a crucial role for creating favorable conditions for a rebound in FDI inflows.
Topic:
Economics, Human Rights, International Trade and Finance, Foreign Direct Investment, and Governance
Political Geography:
United States and North America

1416. Innovation in Urban Development: Incremental Housing, Big Data, and Gender

Author:
Allison M. Garland
Publication Date:
11-2013
Content Type:
Working Paper
Institution:
Woodrow Wilson School of Public and International Affairs, Princeton University
Abstract:
Within the last five years, the global population reached a critical turning point, making the demographic shift from rural to urban; for the first time in history, the majority of the world's people now live in cities. Over the next two decades the number of city dwellers will soar to nearly five billion, 60 percent of the world's population. Virtually all of this urban growth is occurring in cities of the developing world, overwhelming ecosystems and placing tremendous pressure on the capacity of local governments to provide necessary infrastructure and services.
Topic:
Development, Economics, Human Rights, Poverty, Governance, and Reform
Political Geography:
United Nations

1417. Energy Security: A Paradigm Shift

Author:
Velichka Milina
Publication Date:
09-2013
Content Type:
Journal Article
Journal:
Connections
Institution:
Partnership for Peace Consortium of Defense Academies and Security Studies Institutes
Abstract:
Since the middle of the first decade of the twenty-first century, energy security has been among the highest priorities in the security strategies and policies of developed countries. The potential risks and threats related to energy security mainly grew out of two circumstances: the predicted upcoming production peak of hydrocarbon resources vital for the modern economy, and the security of their supplies. Two key factors in the past years, however, have dramatically changed the energy sector. The first factor is the global economic crisis of the 2010s, and the other is the strategic shock from the yield of non-conventional hydrocarbon resources. Today, energy security policy requires a paradigm shift and a new model of factors and conditions for its implementation. This article offers an analysis and assessment of the changes demanding a new paradigm of efficient energy security that is adequate to the changed realities of energy markets and global economic development.
Topic:
Security, Development, and Economics

1418. Africa's Booming Oil and Natural Gas Exploration and Production: National Security Implications for the United States and China

Author:
David E. Brown
Publication Date:
12-2013
Content Type:
Working Paper
Institution:
The Strategic Studies Institute of the U.S. Army War College
Abstract:
The frenetic search for hydrocarbons in Africa has become so intense and wide ranging that there is planned or ongoing oil and gas exploration in at least 51 of the continent's 54 countries. Knowledge about Africa's geology is improving rapidly, generating great optimism about the continent's energy future. Onshore and offshore rifts and basins created when the African continent separated from the Americas and Eurasia 150 million years ago are now recognized as some of the most promising hydrocarbon provinces in the world. Offshore Angola and Brazil, Namibia and Brazil, Ghana and French Guyana, Morocco and Mexico, Somalia and Yemen, and Mozambique and Madagascar are just a few of the geological analogues where large oil fields have been discovered or are be-lieved to lie. One optimistic but quite credible scenario is that future discoveries in Africa will be around five timestheir current level based on what remains un-explored on the continent versus currently known sub-soil assets. If proven true, this could have a pro-foundly positive impact on Africa's future growth and strategic position in the global economy.
Topic:
Economics, Human Rights, and Natural Resources
Political Geography:
Africa, United States, China, America, Eurasia, Asia, Brazil, Yemen, Mozambique, Mexico, Morocco, Somalia, Angola, Ghana, Namibia, Guyana, and Moldavia

1419. The Global Energy Conversation (Part 3)

Publication Date:
01-2013
Content Type:
Policy Brief
Abstract:
It seems apparent that innovation will be required across the energy sector in order to help it meet the twin challenges of rising energy demand and climate change. But seemingly well-meaning policies can turn out to have an adverse effect on innovation and the world's current economic woes may limit the pace of investment. In which energy sources is innovation most needed? How can governments get the policy framework right for stimulating innovation, and then put it to work?
Topic:
Climate Change, Economics, Energy Policy, and Foreign Direct Investment

1420. Making the Case: How Obama's Defense Budget Strengthens Security

Author:
Mieke Eoyang
Publication Date:
04-2013
Content Type:
Policy Brief
Institution:
Third Way
Abstract:
Despite what the critics would have you believe, the President's FY2014 budget strengthens our national security, because it: Provides robust spending levels for the military—greater than other proposed budgets; Tackles long-term cost growth; and Supports a flexible, modern military.
Topic:
Defense Policy, Economics, and Military Strategy
Political Geography:
North America