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2441. Reconciling Acemogly and Sachs: Geography, Institutions and Technology

Author:
Nima Veiseh
Publication Date:
09-2010
Content Type:
Journal Article
Journal:
Journal of International Affairs
Institution:
School of International and Public Affairs, Columbia University
Abstract:
This paper attempts to reconcile two models for sustainable economic growth in developing countries. I develop an empirical and theoretical case for how the geographic landscape of a country determines the ease with which it can assimilate foreign technologies and establish institutions favorable to economic growth. I explore the threshold between the seemingly conflicting geographic (Sachs at al.) and institutional (Acemoglu et al.) theories, and economic growth. I do this by developing a technologically determinant, intermediate bifurcation where growth shifts from being geographically to institutionally driven after enough technology has been assimilated. My analysis finds that the rate of technological assimilation is determined by the landscape of a country. As the technology level increases, income level converges toward the level of developed countries. After reaching a certain threshold, however, economic growth appears to shift from being geographically driven to institutionally driven.
Topic:
Economics

2442. 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

2443. The Global Expansion of Russa's Energy Giants

Author:
Nina Poussenkova
Publication Date:
06-2010
Content Type:
Journal Article
Journal:
Journal of International Affairs
Institution:
School of International and Public Affairs, Columbia University
Abstract:
In any economy, oil and gas companies are tightly linked with the government. In petro-states such as Russia, they are so closely connected that they are sometimes indistinguishable. This symbiotic relationship is particularly strong in the global expansion of Russian energy corporations such as Gazprom, LUKOIL and Rosneft . which is guided by a tangled web of commercial and political motives.
Topic:
Economics
Political Geography:
Russia

2444. Why Russia is Not South Korea

Author:
Sergei Guriev and Ekaterina Zhuravskaya
Publication Date:
06-2010
Content Type:
Journal Article
Journal:
Journal of International Affairs
Institution:
School of International and Public Affairs, Columbia University
Abstract:
By January 1992, the Soviet Union had dissolved and the new Russian government had liberalized prices for most goods and services, ushering in a new Russian economy. In 2010, this economy turned eighteen years old and has, in Russian terms, come of age. In this article, we assess the current state of the Russian economy and its long-term prospects. Where is the Russian economy today, and where is it heading?
Topic:
Economics
Political Geography:
Russia and Korea

2445. Constructing a Post-Communist Economic Order

Author:
David Szakonyi
Publication Date:
06-2010
Content Type:
Journal Article
Journal:
Journal of International Affairs
Institution:
School of International and Public Affairs, Columbia University
Abstract:
In addition to being the largest country outside of the trading bloc, Russia has also recently achieved another undesirable distinction in the annals of the World Trade Organization (WTO): the longest candidacy bid at over sixteen years, surpassing China's previous record. Russian leaders have notably fluctuated in their desire for entry and their demands along the WTO accession journey, leading to serious uncertainty about where the entire process is headed. Rising interest in regional organizations such as the Shanghai Cooperation Organization and the Eurasian Economic Community may even herald the decline of the supremacy of Western institutions, at least among many states in Eurasia. Deciphering how post-Soviet states determine their policies in the international arena is a treacherous affair, but an important one for the economic order.
Topic:
Economics and World Trade Organization
Political Geography:
Russia, China, and Eurasia

2446. Court reform in transitional states: Chile and the Philippines

Author:
Charles Anthony Smith and Mark Jorgensen Farrales
Publication Date:
06-2010
Content Type:
Journal Article
Journal:
Journal of International Relations and Development
Institution:
Central and East European International Studies Association
Abstract:
Contrary to the conventional wisdom, we argue that democratic institutions are not a prerequisite to an independent judiciary. Rather, the need for foreign investment is a necessary and, in some cases, perhaps sufficient condition for the establishment of at least nominally independent judicial institutions. We consider Chile immediately after Pinochet and the Philippines at the outset of the Marcos regime. We consider the similarity of court reforms implemented by these two regimes. These cases illustrate two distinct points in the life span of an authoritarian government. The Chilean case features the time period that begins a transition to democracy prior to consolidation. The Philippine case features the time period of ascension of the authoritarian. Despite the different environments, both regimes implemented court reforms primarily designed to attract foreign direct investment into their troubled economies.
Topic:
Economics
Political Geography:
Philippines

2447. Editorial

Author:
Patrick Thaddeus Jackson
Publication Date:
03-2010
Content Type:
Journal Article
Journal:
Journal of International Relations and Development
Institution:
Central and East European International Studies Association
Abstract:
No abstract is available.
Topic:
International Relations, Cold War, and Economics
Political Geography:
Georgia

2448. Discontent with the World Bank's Excursion into Economic Geography: Lions and Butterflies Once More?

Author:
Robert M. Buckley and Thomas D. Buckley
Publication Date:
04-2010
Content Type:
Working Paper
Institution:
The New School Graduate Program in International Affairs
Abstract:
The World Bank's 2009 Reshaping Economic Geography has had overwhelmingly negative reviews by geographers. Why are they so unhappy with the Bank's excursion into economic geography? One answer is that they have some valid criticisms. Another explanation, one that we think is important, is that some of their criticisms are not valid. We think that this problem arises because of cross disciplinary problems, filled with ―venom and incomprehension. We attempt to put what we think are misunderstandings to the side to clarify the most effective criticisms. If this can be done, perhaps the Bank's foray into economic geography could be more usefully engaged by geographers and others.
Topic:
Economics, International Organization, and World Bank

2449. Security of Property Rights for Whom?

Author:
Terra Lawson-Remer
Publication Date:
03-2010
Content Type:
Working Paper
Institution:
The New School Graduate Program in International Affairs
Abstract:
Although protecting the entitlements of some requires preventing others from claiming and controlling those same resources, much recent research regarding property rights and economic development treats the level of property rights security in a country as homogeneous. Widely used cross-national indices of institutional quality—initially designed to assess the property security of foreign investors—fail to consider marginalized groups. Using a new indicator that measures the property insecurity of ethno-cultural minorities, this article finds significant variation in the risk of expropriation faced by different groups in the same country. Findings also show that although secure property rights for elites ma y be positively related to development, aggregate long-run growth occurs in the presence of significant property insecurity for marginalized minorities.
Topic:
Security, Development, Economics, Human Rights, and Social Stratification

2450. An Update on EU Financial Reforms

Author:
Nicolas Véron
Publication Date:
12-2010
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
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