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6961. Economic Stability and the World Economy

Author:
Gordon Brown
Publication Date:
09-1999
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
Only a year ago, an increasingly turbulent and inadequately supervised financial system threatened global instability.Since the height of the financial instability last september, the world has taken rapid and decisive action and the world has started to put in place new long term disciplines to promote greater stability.
Topic:
Economics, International Cooperation, and International Political Economy
Political Geography:
United Kingdom, America, and Europe

6962. Transcript: World Economic Update III

Author:
Daniel K. Tarullo, John Lipsky, Arturo Porzecanski, and Bruce Steinberg
Publication Date:
05-1999
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
Mr. Daniel K. Tarullo (Linda J. Wachner Senior Fellow for U.S. Foreign Economic Policy, Council on Foreign Relations): ...(Joined in progress) In the past World Economic Update sessions, we have not paid quite as much attention to Latin America, and in light of recent developments, it seems in need of some attention. We are pleased to have with us this morning three distinguished panelists: to your far right, John Lipsky, the chief economist at Chase Manhattan; sitting next to me, Arturo Porzecanski, the managing director at ING Barings and the Americas chief economist; and then to your far left, Bruce Steinberg, chief economist at Merrill Lynch.
Topic:
Economics
Political Geography:
United States, Asia, South America, Latin America, Central America, and North America

6963. Transcript: World Economic Update II

Author:
Daniel K. Tarullo, Maureen F. Allyn, Roger M. Kubarych, and John P. Lipsky
Publication Date:
02-1999
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
Mr. Daniel K. Tarullo (Linda J. Wachner Senior Fellow for U.S. Foreign Economic Policy, Council on Foreign Relations): We are on the record, unlike many Council events, so anything that you say in question or answer format may well be recorded elsewhere. Secondly, we're not going to begin with speeches but move right into a discussion format of questions and answers.
Topic:
Economics and International Political Economy
Political Geography:
United States

6964. Playing the Green Card - Financing the Provisional IRA : Part 1

Author:
John Horgan and Max Taylor
Publication Date:
06-1999
Content Type:
Working Paper
Institution:
Centre for the Study of Terrorism and Political Violence, St. Andrews University, Scotland
Abstract:
In the first of two articles on the fundraising activities of the Provisional IRA (PIRA), the extent and nature of the PIRA's finance operations are described. The areas of kidnapping for ransom, armed robbery. extortion and drug trading, although very specific, serve to illustrate the nature and potential complexity of fundraising activities, the general issues that surround them, as well as specific internal organizational issues and factors indicative of an acute awareness by PIRA leaders of the environments within which they and members of their organization operate. How the PIRAs involvement in certain kinds of criminal activities can and does influence not only their operational development and successes but also the development and sustenance of support for the PIRA's political wing, Sinn Fein, is discussed. It is clear that the absence of direct PIRA involvement in certain forms of criminality is imperative for the development of Sinn Fein's political successes. In the second article, which describes how and why PIRA financing operations have evolved into a much more sophisticated and technical set of activities (including money laundering), what emerges is a picture of the PIRA and Sinn Fein which serves to portray one of the most important long-term, fundamental, limiting factors for the development of a large, sophisticated terrorist group (and its political wing) as finance, and not solely the personal or ideological commitment of its active members. Both of these articles will illustrate the PIRA leadership's many internal organizational concerns relating to fundraising, the links between the PIRA's militants and Sinn Fein - and between PIRA and Sinn Fein fundraising - and the relative sophistication of the Republican movement as a whole. Aiding these illustrations will be case study material, interview data and both public and privately-held documentation. The descriptive data, surrounding issues and its implications presented here, along with case-study material, discussions and interpretations presented in a second article serve to illustrate the many more general and conceptual issues emerging from terrorist financing.
Topic:
Security, Economics, Politics, and Terrorism

6965. Russian Federal Budget and the Regions

Author:
Alexei Makushkin
Publication Date:
11-1999
Content Type:
Working Paper
Institution:
EastWest Institute
Abstract:
In the period of the Soviet rule public finances formed the basis of the national economy and, consequently, were the key factor determining the relationship between the Central power and the regions. Beginning with the proclamation of the sovereignty of the Russian Federation in 1 99 1 the role of the Center and the regions changed. The State has reduced its influence on the national economy, largely due to the reduction of the share of the GDP reallocated through the Central budgetary system. In 1 999 the volume of the budgetary reallocated product made only 14- 1 5% of the total. The relationship between the federal budget and the system of the regional finances became very complicated and oblique. The state economic sector has decreased, power has become decentralized in Russia.
Topic:
Security, Economics, and Regional Cooperation
Political Geography:
Russia, Europe, Asia, and Soviet Union

6966. State Power and the Asian Crisis

Author:
Linda Weiss
Publication Date:
11-1999
Content Type:
Working Paper
Institution:
Institute on Globalization and the Human Condition, McMaster University
Abstract:
The Asian financial crisis has re-opened the debate about the role of the state in the region's industrialisation. Just when there seemed to be growing acknowledgment across the economic and political disciplines that certain kinds of state involvement were vital to the rapid upgrading of the Northeast Asian economies and that understanding what made states effective or ineffective was a crucial issue, along came the financial hurricane. Profound disarray of an economic and social nature has been the most immediate and important consequence of this watershed event. Theoretical disarray has followed closely in its path. This paper seeks to inject some theoretical rigour into the discussion of the Asian crisis. State power in the Asian setting - whether and in what way the state's transformative capacity is weak or robust - and how it relates to the impact of international markets is central to the argument that follows.
Topic:
Development, Economics, and Government
Political Geography:
Asia and Northeast Asia

6967. Social and Economic Policies to Prevent Complex Humanitarian Emergencies

Author:
Jeni Klugman
Publication Date:
01-1999
Content Type:
Policy Brief
Institution:
United Nations University
Abstract:
Complex humanitarian emergencies have caused widespread death and suffering over the last two decades. While recent tragedies in Bosnia, Rwanda and Angola have made the world more aware of the terrible human toll involved, the international community has yet to develop effective policy responses to stem such crises.
Topic:
Conflict Resolution, Development, Economics, Genocide, Human Rights, Migration, and Politics
Political Geography:
Bosnia, Rwanda, and Angola

6968. The Tobin Tax: How to Make it Real. Towards a Socially Responsible and Democratic System of Global Governance

Author:
Heikki Patomäki
Publication Date:
01-1999
Content Type:
Working Paper
Institution:
Finnish Institute of International Affairs (FIIA)
Abstract:
In the 1970's James Tobin proposed a low rate tax on financial transactions of currencies. This tax would make many speculative movements unprofitable and the financial system less volatile and sensitive to daily political news and anticipation of economic policy changes. Consequently, it would create space for more autonomous economic policies of states.
Topic:
Economics, Government, International Political Economy, and United Nations

6969. Thinking About the Future: Economic Aspects

Author:
Emilio Gerelli
Publication Date:
11-1999
Content Type:
Working Paper
Institution:
European Union Studies Center
Abstract:
Building scenarios of the future has been defined "the art of thinking the unthinkable". And in fact the successful author of scenarios must be able to combine both an open and creative mind, and analytical capabilities to envisage different and sometimes counterintuitive combinations of actors, factors and trends. Our author is often also "heroic", since he knows that most probably he will be disproved by facts. However it is worth bravely accepting the challenge of uncertainty, since "illustrating the future by means of scenarios is a way to overcome human beings' resistance to change. Scenarios can thus open mental horizons to allow the individual to accept and understand change, and so be able to shape the world. Scenarios may help in seizing new opportunities ahead as well as avoiding undesirable effects of misconceived actions". In this connection a historian notes: "it is desirable, possible and even within certain limits necessary to forecast our future…However the process of forecasting must be based necessarily on the knowledge of the past".
Topic:
Economics, Industrial Policy, and Science and Technology
Political Geography:
United States

6970. Growth, Poverty and Inequality in Latin America

Author:
William Smith and Roberto Korzeniewicz
Publication Date:
05-1999
Content Type:
Working Paper
Institution:
Institute for Latin American and Iberian Studies at Columbia University
Abstract:
The crystallization of the so-called “Washington Consensus” in the late 1980s sparked intense debates regarding the likely social impact of macroeconomic stabilization and structural adjustment. Academic critics and political opponents argued that Washingtonian reforms, and neoclassical economics more broadly, lacked a coherent theory of growth, and were bound to result in long-term negative trends in popular welfare and social inequality. Advocates of neoliberal restructuring, in contrast, while recognizing that market-oriented reforms could lead initially to a decline in output and standards of living, were confident that these reforms eventually would lead to sustainable growth and, as a consequence, greater equality and enhanced social welfare. A decade later we revisit this debate to evaluate recent trends in economic growth, poverty and inequality, and to assess accompanying shifts in the theoretical, policy, and political terrains.
Topic:
Development and Economics
Political Geography:
Washington, South America, Latin America, Central America, and Caribbean