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61. Potential Implications of Regional Comprehensive Economic Partnership to India-South Korea Bilateral Trade Ties

Author:
Surendar Singh
Publication Date:
01-2020
Content Type:
Policy Brief
Institution:
Korea Institute for International Economic Policy (KIEP)
Abstract:
India and South Korea enjoy strong economic and trade relations, shaped by a significant convergence of interest, mutual good will and high-level diplomatic exchange. Bilateral trade between the two countries has also increased after signing the Comprehensive Economic Partnership (CEPA). However, the overall trade balance is in favor of South Korea due to superior comparative advantage of Korea in manufacturing as compared to India. South Korean exports are high technology-intensive while India’s exports are low-value raw material and intermediate products. Both countries are members to a mega regional trade pact – the Regional Comprehensive Economic Partnership. Though India has decided to not join the RCEP at this stage it will continue the discussion to explore possible ways to join it. Assuming that India will join the RCEP sooner or later, it is important to analyze the potential impact of the RCEP to India-South Korea bilateral trade ties. This short policy paper compares the proposed provisions of the RCEP and CEPA. It shows that the RCEP is much more comprehensive an agreement compared to the CEPA, both in terms of coverage and scope. It also provides some insights on the likely implications of the RCEP, especially from the perspective of trade with China factored against the bilateral trade ties between India and South Korea.
Topic:
International Trade and Finance, Bilateral Relations, Partnerships, and Economic Cooperation
Political Geography:
South Asia, India, Asia, and South Korea

62. Some Considerations on the Election of the BSEC Secretary General: The Georgian Perspective

Author:
Valeri Chechelashvili
Publication Date:
01-2020
Content Type:
Special Report
Institution:
Georgian Foundation for Strategic International Studies -GFSIS
Abstract:
Multilateral diplomacy is an effective leverage to advance the foreign policy interests of a state in the network of international relations. This, similarly, applies to the regional level. Therefore, the Organization of the Black Sea Economic Cooperation (BSEC), despite the mostly justified criticism addressed towards it, in this sense remains in the focus of the attention of its member states.
Topic:
International Relations, Foreign Policy, Diplomacy, Regional Integration, and Economic Cooperation
Political Geography:
Caucasus, Georgia, and Black Sea

63. The China-Iran Agreement is not a Strategic Shift

Author:
Tuvia Gering and Yossi Mansharof
Publication Date:
08-2020
Content Type:
Working Paper
Institution:
Jerusalem Institute for Strategy and Security (JISS)
Abstract:
The long-term agreement between the two countries has not been finalized, and its scope and security implications seem to be limited. It is unlikely to force Israel into a complete reconsideration of its economic ties to China.
Topic:
Security, Diplomacy, Bilateral Relations, Hegemony, and Economic Cooperation
Political Geography:
China, Iran, Israel, and Asia

64. On the Economic Effects of a Reallocation of EU Cohesion Policy Expenditures

Author:
Stefan Jestl and Roman Römisch
Publication Date:
08-2020
Content Type:
Working Paper
Institution:
The Vienna Institute for International Economic Studies (WIIW)
Abstract:
This paper analyses the economic effects of a reallocation of Cohesion Policy expenditures across EU countries. We evaluate a shift from stronger (i.e. older) Member States to less-developed EU economies (i.e. CEE countries) and vice versa. On top of that, we also assess the effects of a general reduction in the Cohesion Policy budget. For evaluation, we construct a demand-driven macroeconomic model which spans country models of 21 EU economies and is calibrated based on empirical data for the period 1995-2018. Our results suggest that a shift of Cohesion Policy funds to more (less) developed countries would result in a higher (lower) overall economic performance. However, the reallocation would affect economic outcomes in EU economies unevenly. In addition to direct effects on demand and production, it is pivotal to take into account indirect effects via trade as well. As a result, Cohesion Policy seems to be confronted with a trade-off between long-run convergence and short-run economic performance.
Topic:
Economics, International Political Economy, European Union, Economic Growth, Investment, and Economic Cooperation
Political Geography:
Europe and European Union

65. Estimating Demand Spillovers of EU Cohesion Policy Using European Regional Input-Output Tables

Author:
Roman Römisch
Publication Date:
08-2020
Content Type:
Working Paper
Institution:
The Vienna Institute for International Economic Studies (WIIW)
Abstract:
This paper develops a simple method to consistently break down world input-output tables to regional input-output tables. They are used to estimate Cohesion Policy-induced demand spillovers in the EU, covering the years 2007-2018. Results indicate that Cohesion spillovers from less developed regions to other regions exceed 40% of their initial EU support in some cases. In addition, spillovers from the more developed regions are equivalent to 24% of their initial EU support. This shows that the existing trade and investment linkages across the EU regions are strong and not only run from less developed to more developed regions but also vice versa. Our results are good news for the net paying regions in the EU. Taking into account capacity growth effects, Cohesion Policy spillovers might well be a multiple of the pure demand spillovers estimated in this paper. Thus, for net paying regions, Cohesion Policy is not only an act of European solidarity but also a rational long-run economic growth policy.
Topic:
Economics, International Political Economy, International Trade and Finance, European Union, Investment, and Economic Cooperation
Political Geography:
Europe

66. The Effects of the EU Cohesion Policy on Regional Economic Growth: Using Structural Equation Modelling for Impact Assessment

Author:
Stefan Jestl, Ambre Maucorps, and Roman Römisch
Publication Date:
08-2020
Content Type:
Working Paper
Institution:
The Vienna Institute for International Economic Studies (WIIW)
Abstract:
This paper analyses the effects of the EU Cohesion Policy (CP) on the economic growth of 276 European NUTS-2 regions between 2008 and 2016. Using a structural equation model (SEM) consisting of both a measurement component (with two latent variables) and a structural component, we estimate the impact of CP funding on the growth of GDP per capita across EU regions. The estimation also enables us to predict changes in the growth of GDP per capita based on a scenario of CP funding reallocation between member states. Overcoming the limitations of traditional linear regression, SEM modelling proves to be a promising method for impact evaluation, also allowing for the inclusion of indirect causal paths and feedback loops to depict, for example, cross-border economic spillover effects.
Topic:
Economics, International Political Economy, European Union, Economic Growth, Investment, and Economic Cooperation
Political Geography:
Europe

67. Economic Partnership Agreements (EPA) and the Unequal Treatment of Companies in the Cameroonian Market

Author:
Egoh Aziz and Dr. Louis-Marie Kakdeu
Publication Date:
09-2020
Content Type:
Special Report
Institution:
The Nkafu Policy Institute
Abstract:
Economic partnership agreements are accords contracted by two or more countries to promote the free flow of goods and services between the parties. These accords can be bi-lateral or multi-lateral and carry along with certain advantages. For example, the elimination of trade barriers such as tariffs and quotas. Economic agreements act as conduits to the establishment of new markets for businesses, ease the manufacture of high-quality goods, and foster economic growth[1]. As the volume of trade increases due to trading agreements, favourable conditions are created pushing businesses in the member countries to have a greater incentive to venture into new markets. This article aims to discuss the Economic Partnership Agreements (EPA) Cameroon have signed, and the unequal treatment of Companies existing in the Cameroonian Market.
Topic:
International Political Economy, International Trade and Finance, Treaties and Agreements, and Economic Cooperation
Political Geography:
Cameroon

68. Enhancing Inter-Korean Economic Cooperation through International Cluster: Implications for the Kaesong Industrial Complex

Author:
Hwy-Chang Moon and Wenyan Yin
Publication Date:
01-2020
Content Type:
Journal Article
Journal:
Revista UNISCI/UNISCI Journal
Institution:
Unidad de investigación sobre seguridad y cooperación (UNISCI)
Abstract:
In spite of the high potential of economic cooperation between the two Koreas, political tensions and international sanctions have discouraged the sustainability of economic outcomes. To overcome these political challenges, this article introduces two frameworks of international cluster and global value chains (GVCs) for developing effective and sustainable economic exchanges. These frameworks are applied to the case of the Kaesong Industrial Complex (KIC) and analysis of the reasons for its failure is provided. This article then suggests two strategic solutions for the KIC: minimizing the role of North Korea to a few GVC activities, and encouraging more foreign companies’ investment. Unlike preceding studies that overemphasize the political challenges in inter-Korean economic relationships, we emphasize that an effective approach through internationalization can not only contribute to sustainable economic development but also ease political tensions.
Topic:
Sanctions, Business, Economic Cooperation, and Global Value Chains
Political Geography:
Asia, South Korea, and North Korea

69. Fall 2020 edition of Contemporary Eurasia

Author:
Vahram Ter–Matevosyan
Publication Date:
09-2020
Content Type:
Journal Article
Journal:
Contemporary Eurasia
Institution:
Institute of Oriental Studies, National Academy of Sciences of the Republic of Armenia
Abstract:
CONTENTS HERMINE HOVHANNISYAN RAPPROCHEMENT BETWEEN SAUDI ARABIA AND ISRAEL IN THE FRAMEWORK OF THE BALANCE OF POWER THEORY ..................... AVETIK HARUTYUNYAN FOREIGN POLICY DECISION-MAKING ACTORS IN THE REPUBLIC OF TURKEY: A LEGAL ANALYSIS ......................................................................... ELYA AGHAJANYAN CONFLICT MANAGEMENT VS. CONFLICT RESOLUTION IN THE NAGORNO-KARABAKH PEACE PROCESS: UNDERSTANDING THE AZERBAIJANI APPROACH ................................................................................. TATUL MANASERYAN CONTEMPORARY ISSUES RELATED TO ENVIRONMENTAL SECURITY IN THE EURASIAN ECONOMIC UNION ........................................................... AUTHORS LIST ........................................................................................ ANNEX .......................................................................................................
Topic:
Conflict Resolution, Environment, International Security, Crisis Management, Peace, Economic Cooperation, Decision-Making, and Power
Political Geography:
Eurasia, Turkey, Israel, Armenia, and Saudi Arabia

70. Spring 2020 edition of Contemporary Eurasia

Author:
Vahram Ter–Matevosyan
Publication Date:
03-2020
Content Type:
Journal Article
Journal:
Contemporary Eurasia
Institution:
Institute of Oriental Studies, National Academy of Sciences of the Republic of Armenia
Abstract:
CONTENTS LILIT HARUTYUNYAN THE NEW IMAGE OF THE BUSINESS ELITE IN LEBANESE POLITICS: RAFIK AND SAAD HARIRI, NAJIB MIKATI AND ISSAM FARES .......................................................................................... 4 YEVA HARUTYUNYAN JAPAN’S POLITICAL AND ECONOMIC STRATEGY IN CENTRAL ASIA ........................................................................................................ 25 LILIT MAYILYAN UNDERSTANDING THE UNDERLYING DYNAMICS OF TURKISHAZERBAIJANI RELATIONS: “ONE NATION, TWO STATES?” ...... 39 ASTGHIK HAYRAPETYAN MANIFESTATIONS OF NEOCONSERVATISM IN US MIDDLE EAST POLICY DURING THE PRESIDENCY OF GEORGE W. BUSH (2001-2009) ............................................................................ 68 AUTHORS LIST .................................................................................... 87 ANNEX ................................................................................................... 88
Topic:
Conflict Resolution, Foreign Policy, Military Strategy, Business, Economic Cooperation, and Neoconservatism
Political Geography:
Japan, Central Asia, Eurasia, Turkey, Armenia, and Lebanon