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1551. Country Economic Forecasts: Germany

Publication Date:
06-2012
Content Type:
Policy Brief
Institution:
Oxfam Publishing
Abstract:
The German economy is clearly slowing in the face of the latest phase of the Eurozone crisis. We expect the impact of the crisis on business investment and exports to cause the economy to contract in Q2 before recovering slowly in H2. As a result, GDP growth is now forecast to slow to 0.7% in 2012 overall from 3.1% last year, before accelerating to 1.4% in 2013.
Topic:
Economics, Industrial Policy, Markets, and Financial Crisis
Political Geography:
Europe and Germany

1552. Country Economic Forecasts: Czech Republic

Publication Date:
05-2012
Content Type:
Policy Brief
Institution:
Oxford Economics
Abstract:
GDP fell by a larger than expected 1% on the quarter in 2012Q1 according to initial data released in mid-May. As a result, we now expect GDP will fall 1.1% in 2012. On the political side, the government has avoided a snap election by surviving a confidence vote on 27 April. However, it will find it harder to stick to its austerity plans as its majority was weakened by the vote. Under current policies, we now expect the fiscal deficit to rise to 3.6% of GDP in 2012 from 3.1% in 2011 due to the weakness of the economy.
Topic:
Democratization, Economics, Government, International Trade and Finance, Politics, and Financial Crisis
Political Geography:
Czech Republic

1553. Global microscope on the microfinance business environment 2012

Publication Date:
10-2012
Content Type:
Working Paper
Abstract:
The last few years have presented a series of challenges and learning opportunities for the microfinance sector. During the last few decades the microfinance industry experienced substantial growth, but eventually this resulted in market saturation, a rise of The last few years have presented a series of challenges and learning opportunities for the microfinance sector. During the last few decades the microfinance industry experienced substantial growth, but eventually this resulted in market saturation, a rise of non-performing loans and multiple lending across a few key markets. The global financial crisis then increased the focus on risk management, corporate governance and regulatory capacity. Most recently, the Andhra Pradesh microfinance credit crisis that unfolded in India has raised serious questions about the viability of microfinance as a valid development modality.
Topic:
Economics, Globalization, International Trade and Finance, Poverty, Financial Crisis, and Governance
Political Geography:
Andhra Pradesh

1554. Why the Euro Will Survive

Author:
C. Fred Bergsten
Publication Date:
10-2012
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
The euro's naysayers have it all wrong. True, the continent's powerhouses have yet to agree on a clear plan to save the common currency, as each one is seeking to secure the best deal for itself. But they all also know that the collapse of the eurozone would be a political and economic disaster, so they will ultimately pay whatever price is necessary to keep it together.
Topic:
Economics

1555. Germany's Unsustainable Growth

Author:
Adam Tooze
Publication Date:
10-2012
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
With the euro in crisis, Germany has come to seem like a lone island of fiscal stability in Europe. Its debt levels are modest, its government bonds are safe havens for investors around the world, and it has avoided the kinds of private credit booms and housing bubbles that have destabilized the rest of the continent. The German economy, fueled by record exports, has grown steadily, expanding by a quarter over the last decade. But beneath the glowing headlines lies a darker story: Germany's economic position is simply unsustainable. For starters, much of its trade surplus has been earned at the expense of the corresponding current account deficits of the European countries in crisis. At the same time, this outsized surplus goes hand in hand with major imbalances within Germany's domestic economy. German businesses have invested their profits abroad, helping finance foreign imports. Meanwhile, as German money has flowed out of the country, domestic investment has languished at unprecedentedly low levels. Germany, like other rich, polluting, and aging countries, faces enormous long-term challenges. Its work force is shrinking, its energy sector needs to be remade, and its public infrastructure has gone too long without improvement. For all the talk of its financial strength, Germany has so far squandered the opportunity to secure long-term economic growth by addressing these challenges through badly needed domestic investments.
Topic:
Economics
Political Geography:
Europe and Germany

1556. Social Movements in the Middle East: A Sociological Analysis

Author:
Khalilollah Sardarnia
Publication Date:
08-2012
Content Type:
Journal Article
Journal:
Iranian Review of Foreign Affairs
Institution:
Center for Strategic Research (CSR)
Abstract:
The prevailing outlook among analysts before the advent of the recent social movements in North Africa and a number of Arab Middle Eastern countries indicated that the region will continue to resist the wave of democratization. The fall of several authoritarian regimes and continuity of social movements has generated serious doubts in this outlook, leading to the appearance of promising horizons for democratization. This paper argues that these social movements originate from the exacerbating legitimacy crisis of authoritarian governments and rising political, social and economic dissatisfaction of the general public, including the youth and the modern middle class. This work seeks to answer the question: what are the major sociological origins and precipitating factors influencing the advent of social movements in the Middle East and North Africa? In response, it can be argued that the advent of social movements in a number of Middle East and North African countries is rooted in the legitimacy crisis, as well as rising political, social and economic dissatisfaction of the general public, the youth and the modern middle class in recent decades. The web-based social networks and cell phones acted as precipitating factors in the massive mobilization and integration of mass protests and those of the modern middle class and the fall of a number of authoritarian regimes. These movements are notably characterized by being comprehensive, Islamic, democratic, anti-despotic, independence-seeking, and highly reliant on new information and communications technologies. The web-based social networks served as a precipitating factor in massive mobilization of the aforementioned strata within the context of an exacerbated legitimacy crisis and the gap between the state and the society rather than as a structural deep-rooted factor.
Topic:
Democratization, Economics, Government, Islam, and Social Movement
Political Geography:
Middle East, Arabia, and North Africa

1557. Post-2015 Development Agenda: Goals, Targets and Indicators

Author:
Barry Carin, Nicole Bates-Eamer, Min Ha Lee, Wonhyuk Lim, and Mukesh Kapila
Publication Date:
10-2012
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
In September 2000, world leaders at the United Nations Millennium Summit recognized a collective responsibility to work toward “a more peaceful, prosperous and just world” (UN, 2000). The MDGs reaffirmed this vision and launched an ambitious global partnership for development, setting specific targets to be met by 2015 and using numerical indicators to measure progress. The MDGs recognized the stark reality of widespread human deprivation and environmental degradation, and galvanized support to reduce poverty, achieve basic education and health, and promote gender equality and environmental sustainability.
Topic:
Development, Economics, Humanitarian Aid, United Nations, Foreign Aid, and Foreign Direct Investment

1558. The Eurasian Customs Union: Friend or Foe of the EU?

Author:
Olga Shumylo-Tapiola
Publication Date:
10-2012
Content Type:
Working Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
The customs union formed by Russia, Belarus, and Kazakhstan in 2010— the largest in the world by territory—is becoming very real. Though hurdles remain, member states are eliminating non-tariff barriers to trade within the union, moving toward a common external tariff, and fine-tuning a joint customs code. As the customs union's influence on the world stage and in Europe's neighborhood is likely to increase, the European Union (EU) should attempt to understand the project and find ways to protect its own interests.
Topic:
Economics, International Trade and Finance, and Regional Cooperation
Political Geography:
Russia, Europe, Central Asia, Eurasia, Kazakhstan, and Belarus

1559. The Geopolitics of Natural Gas

Author:
Amy Myers Jaffe and Meghan L. O'Sullivan
Publication Date:
07-2012
Content Type:
Working Paper
Institution:
Belfer Center for Science and International Affairs, Harvard University
Abstract:
Some of the most dramatic energy developments of recent years have been in the realm of natural gas. Huge quantities of unconventional US shale gas are now commercially viable, changing the strategic picture for the United States by making it self-sufficient in natural gas for the foreseeable future. This development alone has reverberated around the globe, causing shifts in patterns of trade and leading other countries in Europe and Asia to explore their own shale gas potential. Such developments are putting pressure on longstanding arrangements, such as oil-linked gas contracts and the separate nature of North American, European, and Asian gas markets, and may lead to strategic shifts, such as the weakening of Russia's dominance in the European gas market.
Topic:
Climate Change, Economics, Energy Policy, and Natural Resources
Political Geography:
Europe and Asia

1560. Post-Durban Climate Policy Architecture Based on Linkage of Cap-and-Trade Systems

Author:
Robert N. Stavins
Publication Date:
07-2012
Content Type:
Working Paper
Institution:
Belfer Center for Science and International Affairs, Harvard University
Abstract:
The outcome of the December 2011 United Nations climate negotiations in Durban, South Africa, provides an important new opportunity to move toward an international climate policy architecture that is capable of delivering broad international participation and significant global CO2 emissions reductions at reasonable cost. We evaluate one important component of potential climate policy architecture for the post-Durban era: links among independent tradable permit systems for greenhouse gases. Because linkage reduces the cost of achieving given targets, there is tremendous pressure to link existing and planned cap-and-trade systems, and in fact, a number of links already or will soon exist. We draw on recent political and economic experience with linkage to evaluate potential roles that linkage may play in post-Durban international climate policy, both in a near-term, de facto architecture of indirect links between regional, national, and sub-national cap-and-trade systems, and in longer-term, more comprehensive bottom-up architecture of direct links. Although linkage will certainly help to reduce long-term abatement costs, it may also serve as an effective mechanism for building institutional and political structure to support a future climate agreement.
Topic:
Climate Change, Economics, Environment, International Cooperation, and Treaties and Agreements
Political Geography:
South Africa and Durban