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71. The Future of Japan-Africa Cooperation: TICAD

Author:
Habib Badawi
Publication Date:
03-2024
Content Type:
Journal Article
Journal:
Brazilian Journal of African Studies
Institution:
Brazilian Journal of African Studies
Abstract:
Africa will remain relevant to Japan as a necessary means to achieve some of its long-term political, economic, and strategic goals. Additionally, Japan seeks to expand its relations with the continent. However, it is diffi-cult to view Japan’s participation in Africa as part of an integrated policy or a well-thought-out long-term strategy, but only as a set of goals and some of the tools and mechanisms used to achieve those goals. This is largely reflected in Japan’s failure to prioritize its economic and political interests in its relationship with Africa. While Japan views Africa primarily through an economic lens, it has other major political interests. As Japan strives to bolster the dynamism of its ongoing development, production, and trade through a manufacturing and trade strategy designed to adapt to circumstances and mitigate crises, the nation has concurrently hei-ghtened its ambition for strategic hotspots, including resources and wealth. This is evident in its keen interest in the African continent and the ongoing competition between European and American powers for control over it.
Topic:
Foreign Policy, Development, International Cooperation, Economy, Trade, Strategic Interests, and Resources
Political Geography:
Africa and Japan

72. AI and the US Economy: Optimism, Pessimism, or Realism?

Author:
Fredrick Hernandez, Zach Moller, and Gabe Horwitz
Publication Date:
01-2024
Content Type:
Special Report
Institution:
Third Way
Abstract:
There were 130 websites on the internet in 1993; today there are 1.1 billion.1 Over those 30 years, the US economy quadrupled in nominal size and tripled in per capita income.2 The digital age has been very good for America. But it has also concentrated wealth and opportunity. The richest American in 1993 would only be the 101st richest today in inflation-adjusted dollars.3 There are now 735 billionaires living in America today, compared to fewer than 75 in the world in 1993.4 Meanwhile, the gains for the middle class were not stellar. Real median household income grew a solid, but not spectacular, 32% during the internet age. Most of that gain accrued to the two-fifths of working age America with a college degree.5 “50% to 70% of the changes in the US wage structure are intimately linked to automation, particularly digital automation,” MIT economist Daron Acemoglu estimates.6 That was the digital age. What about the artificial intelligence age? Ask McKinsey partner Michael Chui about AI and he says “it can be great not only for companies but for humankind.”7 But Eliezer Yudkowsky, co-founder of the Machine Intelligence Research Institute, said that if someone builds an over-powered AI, he expects “that every single member of the human species and all biological life on Earth dies shortly thereafter.”8 What seems clear is that whether we’re addressing the future of humankind or the well-being of the workforce, policymakers and industries must make intentional choices to get the best of AI and avoid the worst. Since AI will change the way we work and learn, this paper unpacks different economic projections to give policymakers a better read on what this technology will do to everything from American GDP to skill training. Broadly speaking, there are three distinct perspectives on AI and the economy. Optimists predict AI will elevate the working class, accelerate our national prosperity, and lower costs. Pessimists say AI will contribute to income inequality in the United States, jobs will be automated out of existence, and large corporations will gain far more than workers and families. Pragmatists accept AI will have positive benefits to the economy but acknowledge the mixed bag of how it will affect jobs and generally call for specific actions to mitigate harms and spread benefits. Below, we explore the key takeaways from each perspective. This is a product in a multi-year series to help educate policymakers on the implications and policy choices confronting Congress and the Administration on next generation Artificial Intelligence.
Topic:
Science and Technology, Economy, Artificial Intelligence, Digital Technologies, and Optimism
Political Geography:
North America and United States of America

73. 3 International Climate Priorities for 2024

Author:
Anne Christianson, Trevor Sutton, and Frances Colon
Publication Date:
06-2024
Content Type:
Special Report
Institution:
Center for American Progress - CAP
Abstract:
As President Joe Biden’s first term draws to a close, his administration must deliver on three international climate policies to catalyze a 21st-century clean energy economy and avoid the worst impacts of climate change.
Topic:
Climate Change, Diplomacy, Economy, Inflation, Renewable Energy, Resilience, and Joe Biden
Political Geography:
Global Focus and United States of America

74. Revitalizing U.S. Trade Remedy Tools for an Era of Industrial Policy in an Interconnected World

Author:
Ryan Mulholland
Publication Date:
06-2024
Content Type:
Special Report
Institution:
Center for American Progress - CAP
Abstract:
To implement an effective industrial policy, the United States needs to update its trade enforcement toolkit to meet the challenges of the modern world and utilize its existing trade authorities differently.
Topic:
Industrial Policy, International Trade and Finance, Economy, and Economic Development
Political Geography:
China and United States of America

75. What role for Chinese FDI in Africa? New survey evidence from Ethiopia and Ghana

Author:
Charles Ackah, Alemayehu Geda, Holger Görg, and Federico Merchan
Publication Date:
04-2024
Content Type:
Working Paper
Institution:
Kiel Institute for the World Economy (IfW)
Abstract:
Foreign investments bring in not only new employment but also novel technology, managerial skill and know-how, that may also dissipate into the local economy. It is not clear whether this effect differs by the nationality of source countries, in particular between Chinese and non-Chinese firms. Based on a firm level survey on Ethiopia and Ghana, we found that all types of firms are engaged in limited R&D and innovation activity and their transfer to host countris in both countries. There is little difference between Chinese and non-Chinese foreign firms in such technology and managerial skill transfer once controlling for firm size and industry characteristics in the majority of metrices (R&D activities, horizontal & vertical spillover, directly adopting techniques). However, we found for Ghana that Chinese firms have more suppliers but are less likely to transfer technology to them. Chinese firms are more likely to transfer managerial skills than non-Chinese firms in Ghana though not in Ethiopia. Also, there is little evidence that foreign firms transfer technology via horizontal or backward spillovers in either countries. Finally, Chinese firms are much more likely to receive host country policy support than other foreign firms in Ghana but not in Ethiopia.
Topic:
Science and Technology, Foreign Direct Investment, Economy, and Technological Transfer
Political Geography:
Africa, China, Ethiopia, and Ghana

76. 2014-2024: A Decade of Sanctions and the Strengthening of Russia’s Financial Sovereignty

Author:
Alexander Turov
Publication Date:
01-2024
Content Type:
Journal Article
Journal:
International Affairs: A Russian Journal of World Politics, Diplomacy and International Relations
Institution:
East View Information Services
Abstract:
The summer of 2024 has been extraordinarily hot. Climatologists say the average temperature may exceed median values for the entire history of observations. But it is already clear that the political barometer has reached its peak this year, which is certainly having a direct impact on international relations and the global economy as a whole. The past months following the triumphant conclusion of the 27th St. Petersburg International Economic Forum, which marked the beginning of the collapse of the neocolonial system of global economic relations, and subsequent significant events in international affairs have confirmed Russia’s clear course toward financial sovereignty. For more than a decade now, that course has been pursued by the West, which has become unfriendly in a fairly short historical period. Yet in previous periods of our country’s history – the building of socialism, communism, advanced socialism, perestroika, and finally liberalism – the West actively used at an affordable price our fuel and raw material resources, which formed the basis of the Western economy and consumer society. The scientific achievements of our scholars also contributed to common global progress, as evidenced by the numerous Nobel Prizes they were awarded. So why, after three decades of euphoria based on the development of the market economy and the liberalization of everything, both necessary and unnecessary, has Russia once again been fenced off by NATO’s walls and subjected to economic sanctions, which essentially amount to an economic blockade? This happened before, during the early days of the young Soviet Republic, but the blockade lasted less than a hundred days – from October 1919 to January 1920 – because the level of understanding of global economic ties that formed the basis of politics and diplomacy among the old Western leaders was far higher than it is among today’s leaders, who seem more inclined to discuss issues concerning minority orientations than to concern themselves with the well-being and pressing needs of the majority.
Topic:
International Relations, Economics, Sanctions, Economy, and Financial Sovereignty
Political Geography:
Russia and Global Focus

77. La evolución de Rusia tras la Guerra en Ucrania

Author:
Albert Priego Moreno
Publication Date:
06-2024
Content Type:
Journal Article
Journal:
Journal on International Security Studies (RESI)
Institution:
International Security Studies Group (GESI) at the University of Granada
Abstract:
En febrero de 2022 las tropas rusas entraron en el territorio de Ucrania. Desde entonces Europa en general y Ucrania en particular vive sumida en una situación de gran incertidumbre. Son muchas las previsiones que se han hecho para tratar de encontrar certezas en un mundo que tiene más dudas que certidumbres. Buena parte del futuro de Europa pasa por Ucrania y sobre todo por como acabe la guerra con Rusia. Por ello este trabajo tratará de dibujar tres escenarios del futuro de Rusia partiendo de los siguientes cinco factores: la guerra en Ucrania, la situación de Putin, la economía rusa, las sanciones y la paz social en Rusia. Se utilizará una metodología prospectiva partiendo de un análisis previo de la participación de Rusia en las guerras en las que ha tomado partido. Estos escenarios servirán para ver las consecuencias que puede tener una derrota de Rusia en el frente ucraniano, consecuencias que no solo serían para Rusia y Ucrania sino también para el resto del mundo.
Topic:
Sanctions, Economy, Vladimir Putin, Future, Russia-Ukraine War, and Invasion
Political Geography:
Russia, Europe, and Ukraine

78. Promoting European Democracy and Solidarity in a Wider EU

Author:
Lila Djait
Publication Date:
04-2024
Content Type:
Policy Brief
Institution:
EGMONT - The Royal Institute for International Relations
Abstract:
The Egmont Royal Institute for International Relations, with the support of the Belgian Ministry of Foreign Affairs and in collaboration with the Representation of the European Commission in Belgium, has organised a series of three foresight workshops and three working dinners. Each session was dedicated to a key strategic challenge, providing a vital platform for dialogue and expert insight sharing among decision-makers from European Union (EU) institutions, the Belgian administration, and civil society. Far from being just a theoretical exchange, the discussions were a targeted effort to further develop strategic long-term thinking, with a vision extending over the next 5 to 10 years. The third round of foresight workshop and working dinner reflected on ‘Promoting European Democracy and Solidarity in a wider EU’. In recent years, the European Union has faced a pivotal juncture in its history, grappling with internal and external pressures that test its foundational principles of democracy, rule of law, and solidarity. The discourse surrounding the enlargement of the EU, adherence to the rule of law, fiscal stewardship, and the need for a cohesive strategy to confront emerging geopolitical challenges underscores the imperative for a strategic re-evaluation.
Topic:
European Union, Democracy, Economy, Solidarity, Regional Integration, and Institutions
Political Geography:
Europe

79. Concentrating Intelligence: Scaling and Market Structure in Artificial Intelligence

Author:
Anton Korinek and Jai Vipra
Publication Date:
10-2024
Content Type:
Working Paper
Institution:
Institute for New Economic Thinking (INET)
Abstract:
This paper examines the evolving structure and competition dynamics of the rapidly growing market for foundation models, focusing on large language models (LLMs). We describe the technological characteristics that shape the industry and have given rise to fierce competition among the leading players. The paper analyzes the cost structure of foundation models, emphasizing the importance of key inputs such as computational resources, data, and talent, and identifies significant economies of scale and scope that may create a tendency towards greater market concentration in the future. We explore two concerns for competition, the risk of market tipping and the implications of vertical integration, and use our analysis to inform policy remedies to maintain a competitive landscape.
Topic:
Markets, Economy, Business, Innovation, Artificial Intelligence, and Large Language Models (LLMs)
Political Geography:
Global Focus

80. Challenges to Chinese blue-water operations

Author:
Mike Sweeney
Publication Date:
04-2024
Content Type:
Commentary and Analysis
Institution:
Defense Priorities
Abstract:
Despite having the world’s largest navy, important questions can be asked about China’s ability to challenge the U.S. Navy on a global scale. A number of factors—geography, logistical infrastructure, force structure, and command culture—all argue that China cannot do so at this time. In particular, China would need to significantly expand the number and caliber of its overseas bases in order to support large-scale, blue-water operations by the People’s Liberation Army Navy (PLAN). China currently has just two overseas bases—at Djibouti and Cambodia—and both are of limited capacity. Absent such a basing network, the PLAN is reliant on at-sea replenishment, a capability that is inherently vulnerable in wartime. China possesses some quality at-sea replenishment vessels but not nearly in sufficient quantities to support widespread global operations. While Chinese naval aviation has shown important improvements over the last year, the PLAN does not appear to have the logistical capacity to sustain high-tempo carrier operations outside the First Island Chain for an extended period of time. Super-quiet Chinese nuclear submarines would be game-changers in terms of Chinese blue-water operations. But thus far China has not shown mastery of the requisite technologies to build boats with this capability. It would also take China several years to grow a fleet of super-quiet submarines once the necessary technological challenges have been solved. Structural issues with the Chinese economy raise new concerns about Beijing’s ability to fund a blue-water navy over the long term. Such calculations must include the expense of ship construction, but also the massive operations and maintenance budget needed to deploy a potential navy of over 400 ships.
Topic:
Defense Policy, Armed Forces, Navy, Economy, and Submarines
Political Geography:
China, Asia, North America, and United States of America