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2291. US Lessons for the Eurozone: Restoring Confidence through Transparency

Author:
Julie Chon
Publication Date:
12-2011
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
When it comes to resolving financial crises, size matters, but so does transparency. In both the US and European crises, the drive for size—firing off enough public funds to plug the hole in the financial system—has proven to be self-defeating as markets raise ever higher, unrealistic, and inappropriate expectations for government policy. This strategy addresses some of the economics and none of the politics of crisis management. The race to meet the size test distracts policymakers from addressing the real impediment to restoring investor and public confidence: the inherent uncertainty and lack of transparency associated with extraordinary government actions in times of crisis. The absence of transparent decision-making inflicts a costly blow to the credibility of policymakers because markets and citizens cannot see or believe what leaders are doing to stabilize the financial system.
Topic:
Debt, Economics, International Trade and Finance, and Financial Crisis
Political Geography:
United States and Europe

2292. Mapping the Economic and Financial Future

Publication Date:
07-2011
Content Type:
Working Paper
Institution:
Atlantic Council
Abstract:
In 2008 and 2009 political and business leaders scrambled to stabilize the financial system and avert a slide into world-wide depression as a financial crisis of historic proportions spread across the globe. A series of bold emergency measures succeeded in defusing the crisis, and these same leaders began searching for ways to avoid a similar breakdown in the future. At the same time, the effort to restart economic growth and job creation began in earnest.
Topic:
Economics, International Cooperation, International Trade and Finance, and Financial Crisis
Political Geography:
United States and Europe

2293. Egypt's Democratic Transition: Five Important Myths about the Economy and International Assistance

Publication Date:
07-2011
Content Type:
Working Paper
Institution:
Atlantic Council
Abstract:
If the democratic transition in Egypt fails and the country adopts a repressive, authoritarian, or theocratic form of government, the consequences could be profound. Failure in Egypt could lead other countries in the region to turn away from the very idea of democratic reform. Of course, democracy in other countries will rise and fall due to local conditions. Nevertheless, if the transition in Egypt succeeds, and the country acquires a democratic, accountable, and efficient form of government, it is likely to become a powerful example and, ultimately, a stabilizing force in a turbulent region.
Topic:
Foreign Policy, Development, Economics, and Humanitarian Aid
Political Geography:
Middle East and Egypt

2294. Exploring BME Maternal Poverty: The financial lives of ethnic minority mothers in Tyne and Wear

Author:
Chris Warburton Brown
Publication Date:
01-2011
Content Type:
Working Paper
Institution:
Oxfam Publishing
Abstract:
This report has grown out of Oxfam's commitment to tackling the poverty of black and minority ethnic (BME) women in the UK. It aims to improve our understanding of BME mothers' experiences of poverty, to address the way in which the poverty of BME mothers is hidden from conventional data collection, to raise awareness amongst policy-makers and practitioners of the material circumstances of low-income BME mothers, and to improve the ways in which poor BME women are supported to secure greater assets and resources.
Topic:
Economics, Gender Issues, and Poverty
Political Geography:
United Kingdom and Europe

2295. Whose Economy? Winners and losers in the new Scottish economy

Author:
Katherine Trebeck
Publication Date:
01-2011
Content Type:
Working Paper
Institution:
Oxfam Publishing
Abstract:
In the UK, persistent poverty exists alongside high economic prosperity, leading to significant inequalities in income and wealth, and in life chances and lifestyles, between individuals and communities. Scottish society is also deeply divided: 'wealthy and secure neighbourhoods are situated next to the most deprived and vulnerable communities [where]… inequality is tangible'.
Topic:
Development, Economics, International Trade and Finance, and Markets
Political Geography:
Europe

2296. Belgium, from Model to Case Study for Conflict Resolution

Author:
Jonas Claes and Valerie Rosoux
Publication Date:
02-2011
Content Type:
Policy Brief
Institution:
United States Institute of Peace
Abstract:
Since 2007, Belgium has displayed a rather surreal degree of political chaos. Belgian politicians have provoked three cabinet resignations, 24 “royal” mediators, and more than 420 days of coalition formation. With the rise of Flemish nationalism and intercommunal tensions, the country seems to suffer from an intractable ethno-linguistic conflict. The maximum degree of reform Walloon parties can settle with is by far insufficient to Flemish nationalists, whose package of demands is considered unacceptable in Wallonia. One way forward is the creation of a nation-wide electoral district for federal elections in which every Belgian, regardless of residence, can vote for Flemish and Walloon candidates.
Topic:
Conflict Resolution, Economics, Education, Peace Studies, and Peacekeeping
Political Geography:
Europe and Belgium

2297. Toxic Legacy: Hunger, Oppression, Migration, and Health in the Democratic People's Republic of Korea

Author:
Leonard S. Rubenstein
Publication Date:
01-2011
Content Type:
Policy Brief
Institution:
United States Institute of Peace
Abstract:
During the 1990s, economic mismanagement, political oppression, natural disaster, and loss of external subsidies after the end of communism led to a calamitous decrease in food production in the Democratic People's Republic of Korea (DPRK). The public health infrastructure, including water and sanitation systems, drug distribution and supply chains, and local clinics and hospitals, also deteriorated. At least half a million people died of starvation and millions more suffered acute or chronic malnutrition. Malnutrition increased vulnerability to disease at a time when the health system was incapable of effective response. Fifeen years later, neither health nor the food systems have recovered as the economy persistently stagnates. Health continues to be a low priority for the government. The availability of food is insufficient to meet population needs, hospitals and clinics are significantly ill-equipped, the medical workforce lacks appropriate training, and corruption in drug distribution is pervasive. Malnutrition and anemia, as well as diseases associated with poor sanitation, remain widespread. Over the last few years, DPRK has begun to accept international assistance to address health system needs, most notably to vaccinate children. Although these initiatives address some infrastructure needs, the continued centralized control of health and the lack of open discussion about key issues renders the possibility of reforms sufficient to meet the health needs of the people of North Korea dim. During the economic crisis, tens of thousands of North Koreans migrated to China despite harsh measures imposed by both governments to restrict border crossing and a refusal by China to give legal status to the migrants. To a limited extent, migration ameliorated the health impact of the crisis by stimulating illicit cross-border trade and informal markets that increased some North Koreans' access to food. Even after a disastrous effort by the DPRK government to shut the markets down in 2009, they are re-emerging. China's encouragement of these markets, along with regularizing the status of migrants in China, could advance its own economic interests as well as contributing to improving the health of North Koreans.
Topic:
Communism, Economics, Health, Markets, and Financial Crisis
Political Geography:
China, Israel, and North Korea

2298. West is Best?

Author:
Timur Kuran
Publication Date:
01-2011
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
A new book by Ian Morris tracks the development of the East and the West over the millennia. But methodological problems lead him to miss the crucial differences between modern and premodern life -- and understate what is really keeping the West ahead.
Topic:
Development, Economics, and History
Political Geography:
China, Europe, and Middle East

2299. A new panel dataset for cross-country analyses of national systems, growth and development (CANA)

Author:
Fulvio Castellacci and Jose Miguel Natera
Publication Date:
02-2011
Content Type:
Working Paper
Institution:
Norwegian Institute of International Affairs
Abstract:
Missing data represent an important limitation for cross-country analyses of national systems, growth and development. This paper presents a new cross-country panel dataset with no missing value. We make use of a new method of multiple imputation that has recently been developed by Honaker and King (2010) to deal specifically with time-series cross-section data at the country-level. We apply this method to construct a large dataset containing a great number of indicators measuring six key country-specific dimensions: innovation and technological capabilities, education system and human capital, infrastructures, economic competitiveness, political-institutional factors, and social capital. The CANA panel dataset thus obtained provides a rich and complete set of 41 indicators for 134 countries in the period 1980-2008 (for a total of 3886 country-year observations). The empirical analysis shows the reliability of the dataset and its usefulness for cross-country analyses of national systems, growth and development. The new dataset is publicly available.
Topic:
Development, Economics, Government, International Affairs, and Infrastructure

2300. How to succeed with a thousand TWh reform?

Author:
Laura Solanko
Publication Date:
01-2011
Content Type:
Working Paper
Institution:
Finnish Institute of International Affairs
Abstract:
As was the case in most developing and transition countries, Russia's electricity sector was dominated by a vertically integrated, state-controlled monopoly. The common problems of ageing infrastructure, large distribution losses, very low retail tariffs, inefficient management and increasing tightness of supply encouraged many countries to embark on large reforms to liberalize their power sectors during the 1990s. In Russia, the reform started somewhat later, but to the surprise of many it has since proceeded very swiftly.
Topic:
Corruption, Economics, and Energy Policy
Political Geography:
Russia