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2841. The Effect of the Financial Crisis on Systemic Trust

Author:
Felix Roth
Publication Date:
07-2009
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
The financial crisis had a significant impact on the levels of trust that citizens place in the system and its institutions. Recent data from Eurobarometer show a significant fall in confidence on the part of European citizens in the EU's institutions. For the first time since its creation, a majority of European citizens no longer trust the European Central Bank. However, confidence levels in national governments have actually risen, supporting a contrasting trend between confidence levels in European and national institutions. This decrease in confidence towards the ECB is flanked in the case of Germany by strong anti-capitalist sentiments and a sharp decline in support for the social market economy.
Topic:
Economics, Markets, and Financial Crisis
Political Geography:
Europe and Germany

2842. The Case for a Gas Transit Consortium in Ukraine: A Cost-Benefit Analysis

Author:
Michael Emerson and Elena Gnedina
Publication Date:
01-2009
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
The 2009 gas dispute between Ukraine and Russia has led to a severe drop in Russian gas supplies to some EU member states. The dispute has once again shown that the status quo is defective and unsustainable as a policy. This Policy Brief argues that – beyond ad hoc temporary measures, such as the monitoring by EU experts agreed on January 12th and the 2009-10 price agreement apparently reached on January 18th – the problem needs a comprehensive and robust solution. This would be a gas transit consortium, bringing all major stakeholders – Gazprom, Naftohaz, one or a few European energy companies, and the international financial institutions – to jointly manage the trans-Ukrainian trunk pipeline. The consortium agreement would be underwritten politic ally and legally by a tripartite treaty to be ratified by the EU, Russia and Ukraine. The consortium should be bound by European standards of transparency, corporate governance and accounting in order to tackle the major problem – the lack of trust – in the EU- Ukraine-Russia energy triangle.
Topic:
Economics, Energy Policy, and Treaties and Agreements
Political Geography:
Russia, Europe, and Ukraine

2843. Economic Development and Growth: A Survey

Author:
Meir Kohn
Publication Date:
08-2009
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
The most basic challenge for economics is to understand the nature and causes of economic progress. But what exactly is to be explained? What are the facts? One very striking fact is historical—the rapid acceleration in the rate of economic progress since the early 1800s. Another is geographical—the huge differences in levels of economic progress in different parts of the world today. The questions virtually ask themselves. Why did economic progress accelerate? Why is it not universal? On the whole, these two questions have been addressed by two different specialized fields within economics. Economic history has addressed the question of change over time, and development economics has addressed the question of contemporary differences across countries.
Topic:
Economics
Political Geography:
England

2844. Embracing Chinese Global Security Ambitions

Author:
Jonathan Holslag
Publication Date:
07-2009
Content Type:
Journal Article
Journal:
The Washington Quarterly
Institution:
Center for Strategic and International Studies
Abstract:
Three warships sailed through the Straits of Malacca in December last year, en route to a milestone in recent Chinese military history. Joining the United Nations-backed international naval force in the Gulf of Aden, China sought to protect its global economic interests with military power for the first time. It is not, however, Beijing's only step toward a more proactive security policy beyond the Strait of Taiwan. China is gradually paving the way for a more prominent presence as a global military player by strategizing, training, and modernizing its military hardware.
Topic:
Economics and History
Political Geography:
China and Taiwan

2845. China's Myanmar Dilemma

Publication Date:
09-2009
Content Type:
Working Paper
Institution:
International Crisis Group
Abstract:
Each time global attention is focused on events in Myanmar, concerned stakeholders turn to China to influence the military government to undertake reforms. Yet simply calling on Beijing to apply more pressure is unlikely to result in change. While China has substantial political, economic and strategic stakes in Myanmar, its influence is overstated. The insular and nationalistic leaders in the military government do not take orders from anyone, including Beijing. China also diverges from the West in the goals for which it is prepared to use its influence. By continuing to simply expect China to take the lead in solving the problem, a workable international approach will remain elusive as Myanmar continues to play China and the West against each other. After two decades of failed international approaches to Myanmar, Western countries and Beijing must find better ways to work together to pursue a wide array of issues that reflect the concerns of both sides.
Topic:
Security and Economics
Political Geography:
China, Israel, Beijing, Asia, and Myanmar

2846. Good, But How Good? Monitoring and Evaluation of Media Assistance Projects

Author:
Andy Mosher
Publication Date:
06-2009
Content Type:
Working Paper
Institution:
National Endowment for Democracy
Abstract:
During the early '90s, international media assistance was transformed from a small field to a multimillion-dollar global endeavor. While how to gauge the impact of this wave of assistance was always a concern, the so-called media missionaries' strong sense of purpose and their limited understanding of social science techniques often led them to give short shrift to monitoring and evaluating their media development programs. Since then, things have changed. Interviews with more than a dozen donors, media assistance implementers, and professional evaluators indicate that the importance of monitoring and evaluation has become more widely appreciated. Monitoring—the tracking of programs and activities as they proceed, and the marshaling of the resulting data—has become more rigorous over time. And evaluation—the assessment of a program's impact—has become an integral part of virtually every assistance program, according to those who design and implement them.
Topic:
Economics, International Affairs, Mass Media, and Foreign Aid

2847. The Culture of Fear and Control in Costa Rica (II): The Talk of Crime and Social Changes

Author:
Sebastian Huhn
Publication Date:
09-2009
Content Type:
Working Paper
Institution:
German Institute of Global and Area Studies
Abstract:
The Costa Rican talk of crime is fundamentally based on the assumption that a formerly explicitly nonviolent nation has been transformed into a battleground for social violence—that is, on the belief that an alarming “crime wave” is occurring today while there was no crime at all in the past. On the basis of this assumption, the fear of crime and the call for zero tolerance and drastic law enforcement actions have been increasing. In this paper I discuss the Costa Rican talk of crime from a historical perspective to demonstrate that crime has always been a topic that has generated pervasive feelings of insecurity and social pessimism. I argue that social changes in Costa Rican society and the paradigmatic shift in economic and social‐welfare politics since the 1980s have been essential in the transformation of the talk of crime. As part of this transformation, the politicization of crime since the 1990s has been one of the most powerful changes in the dominant discourse.
Topic:
Crime, Economics, Politics, and Sociology
Political Geography:
Latin America

2848. Financing Environmental Improvements: A Literature Review of the Constraints on Financing Environmental Innovation

Author:
Daniel K. N. Johnson and Kristina M. Lybecker
Publication Date:
08-2009
Content Type:
Working Paper
Institution:
Department of Economics and Business, Colorado College
Abstract:
In an effort to explore the potential for financing environmental innovation, this paper examines different forms of financing and attempts to evaluate their effectiveness. The study considers both public and private forms of funding as well as providing policy suggestions for the support of appropriate financing for eco-innovation.
Topic:
Climate Change, Development, Economics, Energy Policy, Environment, and Globalization

2849. Innovating for an Uncertain Market: A Literature Review of the Constraints on Environmental Innovation

Author:
Daniel K. N. Johnson and Kristina M. Lybecker
Publication Date:
08-2009
Content Type:
Working Paper
Institution:
Department of Economics and Business, Colorado College
Abstract:
This paper aims to summarize the state of academic knowledge surrounding the economics of environmental innovation. Following a definition of environmental technology, the paper enumerates and describes the obstacles or constraints to the development of eco-innovation.
Topic:
Development, Economics, and Environment

2850. The Effect of Wage-Payment Reform on Workers' Labor Supply and Welfare

Author:
Esther Redmount, Arthur Snow, and Ronald S. Warren Jr.
Publication Date:
08-2009
Content Type:
Working Paper
Institution:
Department of Economics and Business, Colorado College
Abstract:
We analyze the effects of a largely ignored 1885 legislative reform in Massachusetts requiring that firms provide workers the option of receiving weekly wage payments. Using an inter-temporal model of deferred compensation, we derive conditions on elasticities of labor supply that determine the effects of the reform on workers' effective wage and utility. We then examine empirically the effects of the reform, using weekly data on mill workers in Lowell. Given the implications of our theoretical analysis, the empirical findings of positive wage and reform elasticities imply that the switch to weekly payment increased workers' effective wage and well-being.
Topic:
Economics, Markets, and Labor Issues
Political Geography:
United States