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351. Peace Operations: the Civilian Dimension Accounting for UNDP and the UN Specialized Agencies

Author:
Susan Woodward
Publication Date:
06-2004
Content Type:
Policy Brief
Institution:
Center on International Cooperation
Abstract:
Complex, multidimensional peacekeeping is a creature of the 1990s. The civilian tasks are those set out in Agenda for Peace (1992), and its 1995 Supplement, while the lessons of the 1990s for UN operations were only codified in the Brahimi Report of August 2000 and its proposed reforms. The explicit contribution to peacekeeping missions of UNDP and the Specialized Agencies, with the important exception of those with an established humanitarian mandate such as UNHCR and WFP, is thus little more than a decade old. Capacity-building reforms within UNDP and the agencies for this conflict-related and post-conflict role date to 2001-2002 at best. Accommodation by the UN system for peacekeeping operations of their now integral role has not begun.
Topic:
Development, International Organization, Peace Studies, and United Nations
Political Geography:
United States

352. Labor Standards, Development, and CAFTA

Author:
Kimberly Ann Elliott
Publication Date:
03-2004
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
The Miami Summit launching the Free Trade Area of the Americas (FTAA) process recognized that free markets and free societies work best when they work together. The core labor standards — freedom of association and the right to organize and bargain collectively, freedom from forced labor, the abolition of child labor, and freedom from discrimination — are part of the summit - FTAA process because they strengthen both markets and democracy. These core standards are broadly recognized as fundamental rights to which all workers are entitled, regardless of the level of development of the country or the sector where they work. And, in an environment that promotes democracy and market - oriented economies, as the FTAA is intended to do, there is no trade - off between these principles and development; indeed, they become mutually reinforcing.
Topic:
Human Welfare, International Organization, International Political Economy, and International Trade and Finance

353. The Characteristics of Macroeconomic Shocks in the CFA Franc Zone

Author:
David Fielding, Kevin Lee, and Kalvinder Shields
Publication Date:
03-2004
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
In this paper we fit a VECM in output and prices to data from ten countries of the CFA Franc Zone. This model allows for various cross-country interactions in both the short run and the long run. The VECM parameters are used to estimate persistence profiles of different kinds, in order to identify the degree of homogeneity in the way in which the countries respond to macroeconomic shocks. In this way we can shed light on questions about the likely size of the costs incurred from these countries' membership of a monetary union.
Topic:
Economics, International Organization, International Political Economy, and International Trade and Finance
Political Geography:
Africa

354. Monetary Policy in the Franc Zone: Estimating Interest Rate Rules for the BCEAO

Author:
Anja Shortland and David Stasavage
Publication Date:
02-2004
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
This paper examines to what extent the central bank for the West African Economic and Monetary Union (BCEAO) has used interest rate policy in response to domestic economic developments. We show that while in the long run the BCEAO matches changes in French (Eurozone) interest rates one for one, in the short run it retains freedom to react to domestic economic variables, such as inflation, the output gap, its foreign exchange position and government borrowing.
Topic:
Economics, International Organization, International Political Economy, and International Trade and Finance
Political Geography:
Africa, France, and West Africa

355. Poverty and Growth in the WAEMU after the 1994 Devaluation

Author:
Jean-Paul Azam
Publication Date:
02-2004
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
This paper brings out that poverty increased massively in the wake of the 1994 devaluation of the CFA franc, despite a significant recovery of economic growth. Although this increase affected all the social groups, it fell mostly on the urban poor. An analytical model is presented, which explains this puzzle by the stratification of the labour market, assuming that the formal sector workers are at the same time the investors in the informal sector. Then, capital intensity in the latter increases as the former anticipate the cut in formal sector wages that the long-awaited devaluation brings about. Ex post, they run down their assets for consumption-smoothing purposes, thus de-capitalizing the informal sector firms, with a negative impact on incomes in the (urban) informal sector.
Topic:
Economics, International Organization, International Political Economy, and International Trade and Finance
Political Geography:
Africa

356. The Impact of Monetary Union on Macroeconomic Integration: Evidence from West Africa

Author:
David Fielding and Kalvinder Shields
Publication Date:
02-2004
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
In this paper we use data from 17 African nations in order to investigate the hypothesis that monetary union – represented in this case by the CFA Franc Zone – augments the extent of macroeconomic integration. The paper covers a number of dimensions of integration including the volume of bilateral trade, real exchange rate volatility and the magnitude of cross-country business cycle correlation.
Topic:
Economics, International Organization, International Political Economy, and International Trade and Finance
Political Geography:
Africa

357. Monetary Policy in the CFA Zone: Country-level Credit Policy

Author:
Anja Shortland and David Stasavage
Publication Date:
02-2004
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
This paper examines whether the BCEAO has made use of the various policy instruments at its disposal for steering credit in the individual CFA zone member countries to complement interest rate policy at the zone level. We estimate whether private sector credit has responded systematically to different monetary policy variables using iterated 3-stage least squares regressions for Burkina Faso, Côte d'Ivoire, Mali, Senegal and Togo. If we constrain the coefficient estimates there is some support for the hypothesis that the BCEAO has contracted private sector credit in response to a higher inflation differential with France. However, there seems to be no policy rule to restrict private sector credit in response to increasing government borrowing from the central bank or increased foreign borrowing. If the coefficient estimates are unconstrained, there does not appear to be any systematic policy to control credit expansion at the domestic level.
Topic:
Economics, International Organization, International Political Economy, and International Trade and Finance
Political Geography:
Africa and France

358. The Costs and Benefits Analysis of CFA Membership: The Choice of an Exchange Rate Regime for the CFA Countries Zone

Author:
Mireille Linjouom
Publication Date:
02-2004
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
The paper determines an analytical framework defining the choice of an optimal exchange rate regime for a typical CFA country. The policymakers behave strategically to decide to adopt alternative exchange rate regime by minimizing their loss function under specific constraints like economic characteristics and political consideration. One concludes a CFA economy with less inflationary propensity and greater external shocks volatility will tend to select a flexible exchange rate regime. Moreover, the model suggests that a CFA country with a more unstable political system and a higher propensity to apply inflationary policies will prefer a flexible arrangement than a fixed one.
Topic:
Economics, International Organization, International Political Economy, and International Trade and Finance
Political Geography:
Africa

359. A New Form of Governance? Comparing the Open Method of Coordination to Multilateral Surveillance by the IMF and the OECD

Author:
Armin Schäfer
Publication Date:
09-2004
Content Type:
Working Paper
Institution:
Max Planck Institute for the Study of Societies
Abstract:
The Open Method of Coordination (OMC) has received much attention in the recent EU-literature. The predominant view claims that the OMC is not only a new but also an effective policy-making instrument. This paper raises doubts about both claims by offering a comparison of soft law policy coordination in three international organizations. More specifically, this paper compares the European Employment Strategy – which was the first use of the OMC – to the Broad Economic Policy Guidelines of the EU, the OECD Economic Surveys, and the IMF Article IV Consultations. Based on expert interviews, it seeks to demonstrate that these procedures are forms of multilateral surveillance that do not differ in kind. Such a comparative analysis of the OMC refutes claims to its novelty. Having compared the four procedures, a more general model of multilateral surveillance consisting of six elements is generated that facilitates further comparisons. This paper concludes that governments select voluntarist procedures mainly to secure their own competencies rather than to realize common goals. Effective problem-solving is therefore not necessarily the dominant objective of soft law.
Topic:
Economics, International Law, and International Organization
Political Geography:
Europe

360. Institutionalising the Wider Europe

Author:
Michael Emerson
Publication Date:
10-2003
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
The Wider Europe has become a prominent feature in European foreign policy discourse. The EU's first policy documents on this subject, however, have been thin in substance, mainly seeking to develop more active bilateral relations with countries such as Ukraine and Moldova. At the same time, however, the EU is discussing bilaterally just with Russia a set of common European policy spaces that should be at the heart of a Wider Europe policy. This paper argues that the EU should adopt a systematic approach to defining a complete set of seven common European policy spaces, with multilateral institutional developments to match, thus bringing together the bilateral and multilateral approaches. The overarching institutional mechanism should be through transforming the present very weak 'European Conference' into a seriously structured 'Pan-European Conference', led by a Coordinating Group consisting of the EU, Russia and a few other rotating places for non-EU states, with institutionalised linkages to the Council of Europe and other European multilateral organisations for the specific common policy spaces.
Topic:
International Organization and Regional Cooperation
Political Geography:
Europe and Eastern Europe