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701. The Touch of Midas: Money, Markets, and Morality

Author:
Edward Skidelsky
Publication Date:
02-2014
Content Type:
Journal Article
Institution:
Carnegie Council
Abstract:
Money has always inspired obsession, both in those who amass it and in those who think about it. “Man will never be able to know what money is any more than he will be able to know what God is,” wrote the French financier Marcel Labordère to his friend John Maynard Keynes. The analogy is apt. Money, like God, injects infinity into human desires. To love it is to embark on a journey without end. Three new books testify to money's enduring power to fascinate and horrify. The most scholarly of them, The Invention of Market Freedom by political theorist Eric MacGilvray, traces the emergence of the distinctively modern or “market” conception of freedom out of its “republican” predecessor. The general story is somewhat familiar, but MacGilvray complicates it by showing that market freedom did not vanquish its republican competitor in open combat but subverted it from within, like a parasite devouring its host.
Topic:
Economics and Markets
Political Geography:
New York

702. Cosmos, chaos: finance, power and conflict

Author:
Harold James
Publication Date:
02-2014
Content Type:
Journal Article
Institution:
Chatham House
Abstract:
A spectre is haunting the world: 1914. The approaching centenary of the outbreak of the First World War is a reminder of how the instability produced by changes in the relative balance of power in an integrated or globalized world may produce cataclysmic events. Jean-Claude Juncker, the veteran Prime Minister of Luxem-bourg and chair of the Eurogroup of finance ministers, started 2013 by warning journalists that they should take note of the parallels with 1913, the last year of European peace. He was referring explicitly to new national animosities fanned by the European economic crisis, with a growing polarization between North and South. Historically, the aftermath and the consequences of such cataclysms have been extreme. George Kennan strikingly termed the 1914–18 conflict 'the great seminal catastrophe of this century'. Without it, fascism, communism, the Great Depression and the Second World War are all almost impossible to imagine.
Topic:
Conflict Resolution, Communism, Economics, Politics, and War
Political Geography:
Europe

703. Why Puerto Rico's Economy Matters for U.S. Security

Author:
Jose J. Villamil
Publication Date:
01-2014
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies
Abstract:
Puerto Rico's economic situation circa 1950 was vastly different than today's. In the 1940s through the first half of the 60s, the island experienced a sustained boom, with annual growth rates on the order of 7 percent; the island was hailed as a model for developing countries. It instituted major reforms in government, economic and social programs, and the health sector. Puerto Rico, in coordination with the U.S. federal government, hosted thousands of observers from around the world who came to Puerto Rico to learn about its successful development model.
Topic:
Crime, Economics, Narcotics Trafficking, and Financial Crisis
Political Geography:
United States

704. The 2014 Sochi Olympics

Author:
Sergey Markedonov
Publication Date:
01-2014
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies
Abstract:
On February 7, 2014, the 22nd Winter Olympic Games will open in the Russian Black Sea resort of Sochi. Because these games will be the first Olympics hosted by Russia since the dissolution of the Soviet Union, they will be more than a mere athletic competition—they possess a singular symbolic character, important to Russia and particularly to Russian president Vladimir Putin. On the eve of the 119th session of the International Olympic Committee in Guatemala on July 4, 2007, at which the decision on the host city for the 2014 games would be made, Putin was the main Russian lobbyist for the Sochi project.
Topic:
Economics, Globalization, International Political Economy, and International Trade and Finance
Political Geography:
Russia

705. Global Action toward Universal Health Coverage

Author:
Nellie Bristol
Publication Date:
01-2014
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies
Abstract:
As national incomes have risen across diverse countries—along with the burden of noncommunicable diseases—demand has intensified for quality, affordable health services. Many countries today are actively seeking to bring about universal health coverage—ensuring quality health services for all at a price that does not create undue financial pressure for individuals seeking care. The effort has stirred expanded interest and guidance from international organizations such as the World Health Organization and the World Bank, and led to new platforms for developing countries to learn from each other. While universal health coverage will provide new funding and opportunities, including for the private sector, there is a need for dynamic, transparent negotiations among all health constituents, to forge enduring, feasible arrangements that ensure quality services reach all populations and make the best use of scarce health resources. Universal health coverage will remain a work in progress for many countries for many years. It will require grappling with considerable uncertainties and risks. It also has the potential to attract greater attention to health spending, health systems, and improved equity, advances that will benefit human development more broadly.
Topic:
Development, Economics, Health, and International Organization
Political Geography:
Brazil

706. Prospects of the Inter-Korean Economic Cooperation and North Korean External Trade

Author:
Eui-Gak Hwang
Publication Date:
02-2014
Content Type:
Journal Article
Journal:
International Journal of Korean Studies
Institution:
International Council on Korean Studies
Abstract:
This article will describe the recent status of the North Korean economy and its external trade as well as the derailed North-South economic interaction. Despite several attempts by North Korea to introduce change involving the term 'economic reform', North Korea has not yet advanced during the last thirty years. Its economic deadlocks are owed, first, to its very principles in which economic reform must be permissible only within the set of basic values held by the monoparty about "juche (self-reliant)" socialism. In other words, even partial decentralization is itself being centrally directed and eyed with military-first targets. Second, the North Korean leadership and its supporting elites, the final arbiters deciding how far it is permissible to open its system, are apprehensive that a change in its system would actually lead to the collapse of their established power structure. The fear of reform arbiters regarding a revolutionary bottom-up movement has played a role in inhibiting action. North-South economic cooperation as well as the resistance to North's external openness must also be considered for its potential positive and negative effects on the people in the monarchic hermit kingdom. North Korea is likely to remain little changed as long as Kim's family continues its current rule. The only chance for real change may occur if the young and liberal Kim Jung-eun wakes up and agrees to unite with South Korea.
Topic:
Economics
Political Geography:
South Korea and North Korea

707. Sino-Japanese relations: power, interdependence, and domestic politics

Author:
Hiroki Takeuchi
Publication Date:
01-2014
Content Type:
Journal Article
Journal:
International Relations of the Asia-Pacific
Institution:
Japan Association of International Relations
Abstract:
China and Japan have been deepening economic interdependence over the last two decades, while China has recently shown territorial ambitions and initiated disputes with Japan. This runs contrary to the commercial liberal literature that argues that trade promotes peace. On the other hand, the realist theory also does not fully explain Sino-Japanese relations because Sino-Japanese relations are not always in conflict. The rise of China and the relative decline of Japan might explain increasing tensions in the rivalry relationship, but what drives Chinese leaders to initiate disputes? I address the importance of domestic politics to examine Sino-Japanese disputes. I argue that the recent deterioration of the bilateral relationship could be explained by the power struggle in the Chinese leadership. To support the logic of this argument, I use a game-theoretic model, which accounts for how the type of Chinese leadership influences foreign policy outcomes in Sino-Japanese relations.
Topic:
International Relations and Economics
Political Geography:
Japan and China

708. Democracy and diversionary incentives in Japan–South Korea disputes

Author:
Kan Kimura, Koji Kagotani, and Jeffrey R. Weber
Publication Date:
01-2014
Content Type:
Journal Article
Journal:
International Relations of the Asia-Pacific
Institution:
Japan Association of International Relations
Abstract:
Since its democratization, South Korea's foreign relations with Japan have become increasingly volatile. We investigate the diversionary incentives behind these fluctuations in South Korean foreign policy during 1988–2011. We show evidence that, similar to mature democracies, economic turmoil is driving Korean leaders to divert the public attention toward low-intensity disputes against Japan. However, unlike mature democracies, our results reveal that public approval ratings and national elections do not encourage leaders to engage in the diversionary behavior due to South Korean domestic political institutional settings and party system. These findings highlight challenges to foreign policy making in a new democracy, an issue that has not been considered in detail in the literature. We conclude that although historical antagonism and US commitment to East Asia may affect the Japan–South Korea relationship, economic diversionary incentives significantly determine the fluctuations in Japan–South Korea disputes
Topic:
Foreign Policy and Economics
Political Geography:
Japan and South Korea

709. Recalcitrance and initiative: US hegemony and regional powers in Asia and Europe after World War II

Author:
Arthur A. Stein
Publication Date:
01-2014
Content Type:
Journal Article
Journal:
International Relations of the Asia-Pacific
Institution:
Japan Association of International Relations
Abstract:
This paper challenges the conventional wisdom that US power and preferences following World War II led to bilateralism in Asia and multilateralism in Western Europe. It argues that the challenges facing the United States in both regions were similar, as were US policies meant to address them. With some lag, the United States supported the economic recovery of the regional powers it had defeated (Germany and Japan), saw the restoration of regional trade as a prerequisite, sought military bases to assure postwar security, and envisioned rearming its former foes as part of its security strategy. The outcomes in the two regions reflected the preferences and reservations of regional actors. The critical differences between the regions were structural. The existence of middle powers was critical in Europe, the return of colonial powers to Asia precluded regional arrangements in the short term, and geostrategic differences shaped the requisites for regional security.
Topic:
Economics and War
Political Geography:
United States, Europe, and Asia

710. East Asia and international relations theory

Author:
Masaru Kohno
Publication Date:
01-2014
Content Type:
Journal Article
Journal:
International Relations of the Asia-Pacific
Institution:
Japan Association of International Relations
Abstract:
East Asia now occupies a prominent place in the study of international relations (IR). This, of course, does not mean that IR scholarship in the past failed to pay due attention to East Asia. Wars, trade, and international integration in this region have been the subject of analysis in countless books and scholarly articles. However, the renewed interest in this region is not so much empirically driven (to increase East Asian coverage in the literature) as before but rather represents a theoretical inquiry pertinent to the intellectual underpinning of the scholarship itself. Today, some experts of the region harshly criticize the 'euro-centric' bias of existing IR study and seek to provide alternative conceptions based on the East Asian experience. In response, other scholars have advanced views less provocative but more nuanced about the originality of East Asia. And, there are still others who ï–‚atly reject the connotation that the logic of East Asian international relations is inherently different from that elsewhere. Thus, a diverse set of perspectives has been laid out on the table, but their strengths and shortcomings are yet to be evaluated systematically.
Topic:
International Relations, Economics, and War
Political Geography:
East Asia