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91. Why Growth in Emerging Economies Is Likely to Fall

Author:
Anders Åslund
Publication Date:
11-2013
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics (PIIE)
Abstract:
Emerging-market growth from 2000 to 2012 was untypically high. This paper highlights the many reasons why emerging-economy growth is likely to be lower going forward. Much of the catch-up potential has already been used up. The extraordinary credit and commodity booms are over, and many large emerging economies are financially fragile. They have major governance problems, so they need to carry out major structural reforms to be able to proceed with a decent growth rate, but many policymakers are still in a state of hubris and not very inclined to opt for reforms. They are caught up in state and crony capitalism. Rather than providing free markets for all, the West might limit its endeavors to its own benefit. Economic convergence has hardly come to an end, but it has probably reached a hiatus that is likely to last many years. The emerging economies need to improve their quality of governance and other economic policies substantially to truly catch up. For a decade or so, the West could take the global economic lead once again as in the 1980s.
Topic:
Economics, Emerging Markets, International Trade and Finance, Monetary Policy, and Governance
Political Geography:
Russia, China, India, South Africa, and Brazil

92. South Korea: Responding to the North Korean threat

Author:
Bruce E. Bechtol
Publication Date:
11-2013
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
South Korea is in a unique position. It is an economic powerhouse and a thriving democracy that faces the most ­ominous and imminent threat on its borders of any democracy in the world. Moreover, this is a threat that continues to evolve, with increasing missile, cyber, special operations, and nuclear capabilities and a new leader who shows no signs that he will be any less ruthless or belligerent than his father. To meet this threat, Seoul has undertaken a number of efforts to better deter and defend against North Korean capabilities and provocations, including increasing the defense budget, upping training with US forces, creating new command elements, and establishing plans for preemptive strikes against imminent North Korean missile launches. However, in part because of administration changes in Seoul, the South Korean effort has been uneven. And decisions remain to be made in the areas of missile defense, tactical fighter aircraft, and command-and-control arrangements that will be significant for not only South Korea but all states that have an interest in Northeast Asia's peace and stability.
Topic:
Conflict Resolution, Security, Democratization, Development, Emerging Markets, Nuclear Weapons, Bilateral Relations, and Territorial Disputes
Political Geography:
United States, East Asia, South Korea, and North Korea

93. Sowing the dragon's teeth: The Kremlin's reactionary policies

Author:
Leon Aron
Publication Date:
10-2013
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
The 2008–09 financial crisis demonstrated that gas and oil exports could no longer serve as Russia's engine of economic progress and the source of a steady rise in personal incomes. Russia needed to dramatically change its investment climate through deep institutional reforms that would boost economic liberty, expand the rule of law and property rights, diminish corruption, and create more political choices for its citizens. Such reforms are all the more urgent now as Russia's economy is slowing to a crawl and trust in President Vladimir Putin is steadily declining. Yet the Kremlin has chosen to address these challenges with authoritarian consolidation, buying short-term stability at the expense of the country's longer-term prosperity and progress. Elements of the Kremlin's massive propaganda campaign include militarized patriotism and patriotic education; a selective recovery of Soviet symbols and ideals; the ultraconservative Russian Orthodox Church as the moral foundation of the regime; the promotion of a culture of subservience; and the intimidation, stigmatization, and repression of civil society and its vanguard, nongovernmental organizations. Yet instead of producing the consolidation and unity expected by the Kremlin, this campaign may yield polarization, radicalism, and violence that will prevent the country's peaceful and inclusive transition to a more dignified version of citizenship.
Topic:
Corruption, Emerging Markets, International Trade and Finance, Oil, Natural Resources, Governance, Authoritarianism, and Reform
Political Geography:
Russia

94. Falling short: How bad economic choices threaten the US-India relationship and India's rise

Author:
Aparna Mathur, Sadanand Dhume, Julissa Milligan, and Hemal Shah
Publication Date:
10-2013
Content Type:
Working Paper
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
Two decades after the end of the Cold War, US–India relations stand at a crossroads. Not so long ago, many in Washington viewed the signing of the historic US–India civil nuclear deal as the advent of a dynamic partnership with the potential to transform Asia and the world. Today US–India ties are just as often characterized as unrealistic or oversold.
Topic:
Democratization, Development, Diplomacy, Emerging Markets, International Trade and Finance, Treaties and Agreements, and Bilateral Relations
Political Geography:
United States, South Asia, Washington, and India

95. Russia assumes and exploits the chairmanship of the G20

Author:
Pavel K. Baev
Publication Date:
02-2013
Content Type:
Policy Brief
Institution:
Norwegian Centre for Conflict Resolution
Abstract:
Russia's plans for chairing the G20 in 2013 go further than staging a pompous summit in St Petersburg similar to the Asia-Pacific Economic Cooperation (APEC) summit in Vladivostok in September 2012. Russian leadership feels an acute need to re-establish a solid international profile eroded by the evolving domestic crisis, which undermines the credibility of Putin's regime.
Topic:
Corruption, Democratization, Emerging Markets, and International Organization
Political Geography:
Russia, Norway, Asia, Moscow, and Syria

96. The BRICS and international peacebuilding and statebuilding

Author:
Oliver Richmond and Ioannis Tellidis
Publication Date:
02-2013
Content Type:
Working Paper
Institution:
Norwegian Centre for Conflict Resolution
Abstract:
The emergence of the BRICS has generated a renewed debate about peacebuilding and donor activity. This has slowly influenced the aims, norms and practices of international peacebuilding, statebuilding and development. There are subtle differences in BRICS members' interests, approaches and motives, power, influence, and adherence to or rejection of established standards (such as OECD-DAC principles). These states' activities have often attracted scepticism and criticism from traditional donors. An examination of their engagement with interventionary forms of development, peacebuilding, statebuilding, and their related institutions and practices shows that the BRICS can be both “status-quo” and “critical” actors. On the one hand, they all engage with the liberal peace paradigm and its often-neoliberal agenda that allows them to protect sovereignty and non-intervention, pursue trade interests, and advance their own interests (like a seat on the UN Security Council, regional stability or maintaining their often-ambiguous status of being both aid donors and recipients). On the other hand, their involvement has challenged peacebuilding's and development's Euro-Atlantic character through the unfolding of their own donor and peace agendas. This report highlights the instances in which traditional and emerging actors' agendas converge and diverge – and the motivations behind these agendas.
Topic:
Development, Economics, Emerging Markets, International Trade and Finance, United Nations, Foreign Aid, and Foreign Direct Investment

97. China's impact on conflict and fragility in South Asia

Author:
Clare Castillejo
Publication Date:
01-2013
Content Type:
Working Paper
Institution:
Norwegian Centre for Conflict Resolution
Abstract:
China is expanding its engagement across South Asia, with significant implications for the region's most fragile states. Western donors and peacebuilding actors are aware of this changing context and concerned about their resulting loss of influence. Yet they have so far failed to develop a coordinated response or to engage effectively with China regarding its impact on fragility within the region.
Topic:
Arms Control and Proliferation, Emerging Markets, International Political Economy, International Trade and Finance, and Regional Cooperation
Political Geography:
China, South Asia, Israel, and Asia

98. Outward FDI from Israel's Largest MNEs Continues to Rise in 2011

Publication Date:
04-2013
Content Type:
Working Paper
Institution:
Columbia Center on Sustainable Investment
Abstract:
Recanati Business School of Tel Aviv University, The Manufacturers Association of Israel, and the Vale Columbia Center on Sustainable International Investment (VCC), a joint center of the Columbia Law School and the Earth Institute at Columbia University in New York, are releasing the results of their fifth annual survey of Israeli multinational enterprises (MNEs) today. The survey is part of the Emerging Market Global Players (EMGP) project, a long-term study of the rapid global expansion of MNEs from emerging markets. The results released today focus on data for the year 2011.
Topic:
Economics, Emerging Markets, Markets, and Foreign Direct Investment
Political Geography:
New York and Middle East

99. Achieving Development Success: Strategies and Lessons from the Developing World

Author:
Augustin K. Fosu
Publication Date:
03-2013
Content Type:
Policy Brief
Institution:
United Nations University
Abstract:
What can the less well-off developing countries learn from the “successes” of other developing countries? This Policy Brief highlights successful development strategies and lessons from in-depth case studies of select countries from the developing world. The coverage includes East Asia and the Pacific, the emerging Asian giants, sub-Saharan Africa, Latin America and the Caribbean, and the Middle East and North Africa, along with respective regional syntheses. Although countries' experiences are not necessarily replicable, the recurrent themes across countries and regions provide the appropriate connectedness for a comprehensive global perspective on development strategies and lessons.
Topic:
Development, Emerging Markets, and Poverty
Political Geography:
Africa, Middle East, Israel, and Latin America

100. Japan's Global Health Policy

Author:
Katherine E. Bliss, Haruko Sugiyama, Ayaka Yamaguchi, and Hiromi Murakami
Publication Date:
05-2013
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies (CSIS)
Abstract:
Recent years have seen a considerable shift in the sources of financial assistance for global health activities. With the private sector as well as emerging economies joining the more developed nations as major players, the balance of power is changing, leading to a momentous shift in perceptions of “global health.” Japan has yet to adopt a comprehensive approach that acknowledges the new global health reality. With political changes, natural disasters, and a sluggish economy dominating the policy scene in recent years, there has been little appetite among decision-makers to develop—in a practical sense—more effective ways to strategically support global health activities in facilitating a greater impact of Japan's foreign policy. Japan must develop a comprehensive perspective of global health in order to maximize aid effectiveness and to promote transparency in order to boost the overall effectiveness of the country's initiatives and benefit the people of Japan, as well.
Topic:
Foreign Policy, Development, Emerging Markets, Globalization, Health, and Health Care Policy
Political Geography:
Japan and Israel