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171. Global Oil Production is Surging: Implications for Prices, Geopolitics, and the Environment

Author:
Leonardo Maugeri
Publication Date:
06-2012
Content Type:
Policy Brief
Institution:
Belfer Center for Science and International Affairs, Harvard University
Abstract:
Oil Production Growth is Global. Global oil output capacity is likely to grow from 93 million barrels per day today to 110 million barrels per day by 2020—the largest increase in a single decade since the 1980s. The surge in oil production capacity will occur almost everywhere, with the largest increases in Iraq, the United States, Canada, Brazil, and Venezuela. United States Will Experience Unprecedented Output. Technological advances will increase the production of “unconventional” oil in the United States, which is in the midst of a shale boom. The Bakken/Three Forks formation in North Dakota alone has as much untapped shale/tight oil as a Persian Gulf country. Oil Prices May Collapse. If oil prices remain at or above $70 per barrel, investments will sustain the 20 percent increase in oil production capacity by 2020. However, world demand is sluggish due to the lagging economy and focus on energy efficiency. If these trends continue, we could see a significant dip—or even a temporary collapse—of oil prices. Shifting Market Has Geopolitical Consequences. While the Western Hemisphere could become oil self-sufficient by 2020, Iraq's oil output will also substantially increase as it stabilizes. China may escalate its competitive and political influence in the Persian Gulf and other oil-producing hotspots, including Canada, Venezuela, and possibly the United States. Oil Boom Must Trigger Environmental Action. Enforcement of environmental regulation and major investment in emission-reducing technologies must accompany the development of unconventional oil. Without this balance between industry and environmental interests, new oil production projects will be stymied or delayed.
Topic:
Economics, Industrial Policy, Oil, Political Economy, and Natural Resources
Political Geography:
United States

172. Direct Distribution of Oil Revenues in Venezuela: A Viable Alternative?

Author:
Pedro L. Rodríguez, José R. Morales, and Francisco J. Monaldi
Publication Date:
09-2012
Content Type:
Working Paper
Institution:
Center for Global Development
Abstract:
Venezuela is a textbook example of a resource-dependent country—between 1950 and 2008, oil generated over a trillion dollars of income for the state. Nevertheless, Venezuela currently combines an economy that is stagnant, despite high oil prices, with an increasingly authoritarian government. The authors argue that large oil rents that accrue to the state, together with a lack of formal and transparent mechanisms to facilitate citizen oversight, are a large part of the problem. They consider the nature of the fiscal contract between the Venezuelan government and its people. This has been characterized by increasing discretion of the executive; only a small share of the rents is now subject to political oversight within the framework of the budgetary system. The authors consider the case for direct distribution of rents, distinguishing it from a populist approach to transfers as effected through Venezuela's misiones. They also report on focus group discussions of the directdistribution approach and the political viability of direct transfers.
Topic:
Civil Society, Economics, Energy Policy, Government, Oil, and Political Economy
Political Geography:
Argentina and Latin America

173. Malaysia's Coming Election: Beyond Communalism?

Publication Date:
10-2012
Content Type:
Working Paper
Institution:
International Crisis Group
Abstract:
Malaysia's thirteenth general election, which Prime Minister Najib Razak will have to call by April 2013, could be a watershed in communal relations. More than ever before, there is a chance, albeit a very small one, that opposition parties running on issues of transparency, economic equity and social justice could defeat the world's longest continually-elected political coalition, the National Front (Barisan Nasional), that has based its support on a social compact among the country's Malay, Chinese and Indian communities. That compact, granting Malays preferential status in exchange for security and economic growth, has grown increasingly stale as the growing middle class demands more of its leaders. Both ruling party and opposition are using images of the Arab Spring – the former to warn of chaos if it is not returned to power, the latter to warn of popular unrest unless political change comes faster.
Topic:
Democratization, Development, Ethnic Conflict, Islam, and Political Economy
Political Geography:
Malaysia and Southeast Asia

174. The Economic Case against Arizona's Immigration Laws

Author:
Alex Nowrasteh
Publication Date:
09-2012
Content Type:
Working Paper
Institution:
The Cato Institute
Abstract:
Arizona's immigration laws have hurt its economy. The 2007 Legal Arizona Workers Act (LAWA) attempts to force unauthorized immigrants out of the workplace with employee regulations and employer sanctions. The 2010 Support Our Law Enforcement and Safe Neigh¬borhoods Act (SB 1070) complements LAWA by granting local police new legal tools to enforce Ari¬zona's immigration laws outside of the workplace.
Topic:
Political Economy, Labor Issues, Immigration, and Law
Political Geography:
United States and Arizona

175. Iran: a revolutionary republic in transition

Author:
Rouzbeh Parsi (ed)
Publication Date:
02-2012
Content Type:
Working Paper
Institution:
European Union Institute for Security Studies
Abstract:
This Chaillot Paper examines recent domestic developments in the Islamic Republic of Iran. It presents an in-depth assessment of the profound changes that the Iranian state and Iranian society have undergone in the past three decades, with a particular focus on the last tumultuous five years. In its exploration of this theme it not only shows the growing rift between the official discourse and self-image of the ruling elite and the society they govern, but also highlights the fact that external observers have many misperceptions about Iran.
Topic:
Democratization, Islam, Nuclear Weapons, Political Economy, Governance, and Nuclear Power
Political Geography:
Iran and Middle East

176. Elections in Latin America 2009–2011: A Comparative Analysis

Author:
Manuel Alcántara
Publication Date:
06-2012
Content Type:
Working Paper
Institution:
Kellogg Institute for International Studies
Abstract:
This paper addresses from a comparative perspective the national elections (legislative and presidential) held between 2009 and 2011 in seventeen Latin American countries. There are five key issues that guide this analysis: the institutional conditions of electoral competition, the electoral offer, election results, party systems, and post-electoral executive-legislative relations. The political consequences of these electoral processes—except perhaps in the cases of Honduras and Nicaragua, where some minor negative trends have arisen—reveal a pattern of apparent normality and political alternation, with a change in the presidential elite and winning proposals that were articulated via institutions. The paper concludes by outlining how countries in the region have successfully overcome challenges of a varying nature and importance, that until recently generated a degree of uncertainty in their respective political systems.
Topic:
Civil Society, Democratization, Development, Political Economy, and Politics
Political Geography:
Latin America, Nicaragua, and Honduras

177. Networked Justice: Judges, the Diffusion of Ideas, and Legal Reform Movements in Mexico

Author:
Matthew C. Ingram
Publication Date:
06-2012
Content Type:
Working Paper
Institution:
Kellogg Institute for International Studies
Abstract:
Existing research shows that the ideas of judges matter for judicial behavior both on the bench (decision making) and off the bench (lobbying and mobilization for institutional change). Yet there is little empirical evidence regarding the content and distribution of these ideas and even less evidence and fewer theoretical propositions regarding the manner in which ideas transfer or diffuse among judges. Addressing these empirical and theoretical gaps, I survey judges in the Mexican state of Michoacán and apply techniques of network analysis. The project makes four main contributions: (1) original data on the attitudes of judges regarding prominent institutional and jurisprudential changes shaping the legal landscape in Mexico; (2) egocentric data on network structure for the sampled judges; (3) sociocentric data on network structure at the level of judicial district, state supreme court, and entire state generated by aggregating the egocentric data; and (4) a mixed-methods analysis of the causal relationship between network features and judicial attitudes, drawing on egocentric methods, sociocentric methods, and personal interviews with focal individuals. Complementing literatures on political socialization, policy diffusion, and complex systems, the analysis clarifies our understanding of the role of judicial networks in strengthening democracy and the rule of law.
Topic:
Civil Society, Democratization, Development, Political Economy, Governance, Law Enforcement, and Law
Political Geography:
Latin America and Mexico

178. Malaysia's U.S. Policy under Najib: Ambivalence No More?

Author:
KUIK Cheng-Chwee
Publication Date:
11-2012
Content Type:
Working Paper
Institution:
Centre for Non-Traditional Security Studies, S. Rajaratnam School of International Studies
Abstract:
This paper adopts a neoclassical realist perspective to explain Malaysia's evolving policy towards the United States under Prime Minister Najib Tun Razak. It argues that to the extent that there is a “shift” in Malaysia's U.S. policy under the current leadership, the substance and symbolism in Najib's U.S. policy has been driven and limited by the needs of the ruling elite to strike a balance between a variety of structural imperatives and domestic considerations. Structurally, in the face of a fast rising China (with whom Malaysia has come to develop an increasingly productive relation in both economic and diplomatic domains, but with whom it has unresolved territorial issues), the leader of the smaller state is increasingly confronted with the geostrategic need to keep a more balanced relationship with all the major players. This is especially so with the United States, which, under the Obama administration's “pivot” to Asia policy, has demonstrated a renewed and enhanced commitment to engage countries in the Asia-Pacific, including Malaysia. This structural push, however, has been counteracted by the smaller state's desire of not wanting to be entrapped in any big power rivalry, and by its concern about the uncertainties of great power commitments. Domestically, there is a strong economic need to further enhance two-way trade and increase the flow of American capital and technology into Malaysia, deemed vital to Najib's Economic Transformation Program. Perhaps more importantly, there is also a political calculation by the governing elite to capitalize on the increasingly warm and close bilateral ties as a leverage to reduce – if not neutralize – Washington's support for the Anwar Ibrahim-led opposition and civil society movements, which have presented a growing challenge to the ruling BN coalition. This calculation, however, has been counteracted by UMNO's domestic concern of not wanting to appear too closely aligned with America, in order not to alienate the country's Muslim majority voters who have been critical of U.S. policy on the Israeli-Palestinian conflict. These structural and domestic determinants together explain Malaysia's evolving policy toward the superpower under the current leadership.
Topic:
Foreign Policy, International Trade and Finance, Islam, Political Economy, and Power Politics
Political Geography:
United States, Malaysia, Israel, and Southeast Asia

179. The Consolidation of the Anglo-Saxon/European Consensus on Price Stability. From International Coordination to a Rule-Based Monetary Regime

Author:
Arie Krampf
Publication Date:
10-2012
Content Type:
Working Paper
Institution:
The Kolleg-Forschergruppe (KFG)
Abstract:
During the 1990s, a consensus consolidated among policy makers and economists worldwide regarding the desirability of very low inflation targeting. So far, this process has been explained on the basis of a domestic- functional thesis, according to which commitment to very low inflation provides local economic gains with no costs. In this paper, I present an alternative explanation, according to which the global norm of very low inflation targeting was consolidated as a political solution to the problem of exchange rate misalignment and volatility. I argue that policy makers in Germany and the US believed that convergence of monetary policies and inflation rates, in addition to liberalization of financial markets, will stabilize exchange rates without the need for direct coordination. The paper employs the theory of liberal intergovernmentalism as a benchmark to explain the choice of the European and the G-5/7 countries to establish a low-inflation rule-based international monetary regime. The paper concludes that the regime of very low inflation targeting was consolidated as a politically viable solution to a political problem rather than as an economic best practice. Furthermore, it concludes that the norm of very low inflation targeting was a “corer solution” that neglected the problem of exchange rate stability.
Topic:
Economics, Markets, Political Economy, Monetary Policy, and Financial Crisis
Political Geography:
United States and Europe

180. China's leadership: handover The changing of the guard

Publication Date:
10-2012
Content Type:
Working Paper
Abstract:
On November 8th this year China will begin the once-a-decade process of changing its leaders, with the launch of the 18th National Congress of the Chinese Communist Party (CCP). This will, by coincidence, come just two days after the US presidential elections. Both events will have momentous repercussions, both for the countries involved and for the world, but they will mark a study in contrasts. Unlike the US, China's succession battles are being waged in near secrecy, yet observers are already sure who the next president and premier will be. Less clear is what exactly China's new leadership will stand for. This report will examine their backgrounds and policy positions, asking what we can expect from the incoming administration.
Topic:
Communism, International Trade and Finance, Political Economy, and Governance
Political Geography:
United States and China