Search

Begin New Search Topic International Organization

561. Regional Policy in the Process of Integration

Author:
Aleko Djildjov and Vasil Marinov
Publication Date:
01-1999
Content Type:
Working Paper
Institution:
EastWest Institute
Abstract:
There are different possible approaches to solving this problem. Considering its extreme complexity, and especially the lack of relevant practices in market economic conditions and in a democratic decision-making process, one of the possible solutions is the study and analysis, of the experience of other countries. If relevant, these experiences in countries which have already institutionalized regional development can be promoted. Although the experience of the countries in the EU, of which Bulgaria aspires to become a member, is important, it is even more important to study the current experience of countries in which conditions are closer to those in Bulgaria.
Topic:
Development, International Cooperation, and International Organization
Political Geography:
Europe, Eastern Europe, and Bulgaria

562. IMF Model and Resource-Abundant Transition Economies: Kazakhstan and Uzbekistan

Author:
Richard M. Auty
Publication Date:
11-1999
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
The IMF model of the economic transition stresses the role of macro policy reform. It concludes that rapid reform to a market economy is preferable to slow reform because late reformers experience very steep transition recessions and severe contractions in government revenues. However, the predictive power of the IMF model has weakened through the late-1990s. This is because it under-estimates the role of initial conditions that include the natural resource endowment as well as institutional capital and the legacy of produced capital. This paper demonstrates how the predictive power of the IMF model can be improved by taking account of the impact of natural resource abundance for the transition. Resource abundance can feed corruption and diminish the urgency of reform, thereby intensifying the adverse effect of a retarded transition. It can also amplify the contraction of the non-booming tradeable sector due to Dutch disease effects. These adverse features are likely to be more severe where the resource endowment creates point source socio-economic linkages, as in mining, as opposed to the diffuse linkages associated with crop production by yeoman farmers. The detrimental effects of resource abundance are also likely to be more severe where institutional capital is deficient. Consistent with such a resource-constrained variant of the IMF model; resource-abundant Kazakhstan and Uzbekistan both delayed their reforms and both exhibit high levels of corruption relative to the transition economies as a whole. Also, economic recovery in Kazakhstan is slower than the original IMF model predicts because investment in minerals strengthened the exchange rate and retarded economic diversification. In the case of Uzbekistan, a natural resource endowment that yielded especially buoyant crop revenues (that eased the foreign exchange constraint) helps to explain why the growth collapse is less than the unadjusted IMF model predicts for such a slow reformer. This explanation is still too simple, however. Uzbekistan also benefits from robust social capital and limited obsolete industry, both of which retard the decline in government revenue. Finally, the resource-constrained IMF model suggests that the Uzbek policy of gradual reform represses exports and intensifies economic distortions. This will lock the economy into a staple trap and lead to a growth collapse, as the experience of many resource-abundant developing market economies testifies
Topic:
Emerging Markets, Environment, and International Organization
Political Geography:
Kazakhstan, Asia, Uzbekistan, and Dutch

563. The Southern African Development Community: Regional Integration in Ferment

Author:
David Simon and Alexander Johnston
Publication Date:
12-1999
Content Type:
Policy Brief
Institution:
Chatham House
Abstract:
Shortly before he became President of the 'new South Africa' in May 1994, Nelson Mandela stressed that his country's relations with the region's poorer and weaker neighbours would be characterized by 'sensitivity and restraint'. This declaration of intent was welcome given South Africa's traditional dominance as the hegemonic power during the apartheid era and the resulting crude and at times violent exploitation of its neighbours' dependence, in varying degree, on the Republic's economy for a wide range of goods and services, for transport links and a market for employment. Indeed, South Africa's accession to the Southern African Development Community (SADC) in 1994 offered the promise of a new deal in regional relations, with the new member acting as an 'engine of growth' and as a cooperative and enthusiastic supporter of purposeful and sustained regional integration.
Topic:
Development, Economics, International Cooperation, and International Organization
Political Geography:
Africa

564. CIAO: The Imposition of Governance: Transforming Foreign Policy through EU Enlargement

Author:
Thomas Diez
Publication Date:
08-1999
Content Type:
Working Paper
Institution:
Danish Institute for International Studies
Abstract:
Driving me through Ankara only a couple of hours after I disembarked the plane, my Turkish colleague points to the latest apartment buildings and a hypermodern shopping mall further down the road. These places, he points out, would be ready for the EU. If only all of Turkey would already look like them - but eventually, it will. Only give us some time. And indeed, the economic change over the past decade seems remarkable. Then Prime Minister Turgut Özal's final abandonment of statism, one of the six pillars of Kemalism, in favour of a widespread, although still restricted, liberalisation strategy, looks like bearing visible fruits. Despite the Turkish economy nonetheless still experiencing a great deal of difficulties (inflation in 1999 was still above 60%, and that already was a huge improvement on previous years), my conversations in the following week centre on a different issue - Turkey's foreign policy. With its 40,000 soldiers in northern Cyprus, its continually problematic relationship with Greece, its ventures into northern Iraq and threatenings towards Syria, Turkey's foreign policy is, together with human rights issues, one of the central stumbling blocs for starting membership negotiations after the acknowledgement of candidate status in Helsinki. In Cyprus's southern part, the economic problem of the day is its overheated stockmarket. My friend multiplied his assets within half a year. More and more villas are mushrooming in beautiful settings, and the younger generation in particular is very well off. Accordingly, Cyprus is the forerunner in the enlargement negotiations, with a GNP per capita above some of the current EU member states (Pace 2000: 122). No wonder then that my conversation again focus on what most Cypriot politicians regard a domestic issue, but which at least has a strong foreign policy aspect to it: its policy towards the northern part of the island, 'under Turkish occupation' as the official labelling goes, and thereby also to Turkey. Despite Cyprus's status in the negotiations, its probable future membership is thus overshadowed by the conflict on the island.
Topic:
Foreign Policy, Government, and International Organization
Political Geography:
Europe, Turkey, Middle East, and Ankara

565. Will the EU use Northern Dimension to solve its Kaliningrad dilemma?

Author:
Lyndelle Fairlie
Publication Date:
08-1999
Content Type:
Working Paper
Institution:
Danish Institute for International Studies
Abstract:
A Northern Dimension for the European Union is now taking shape. Originally a Finnish initiative, it tries to take a regional view of the Baltic area which includes member states, EU applicants such as Poland and the Baltic states and Russia. The Northern Dimension specifically mentions the Russian oblast of Kaliningrad. There is very little time left to develop an Action Plan which the EU Council can adopt at the December Helsinki summit. This essay addresses the question of whether or not the EU will use Northern Dimension to solve its Kaliningrad dilemma.
Topic:
International Relations, International Organization, and Sovereignty
Political Geography:
Russia, Europe, Eastern Europe, and Asia

566. Regional Burden-Sharing for Humanitarian Action

Author:
David O'Brien
Publication Date:
04-1999
Content Type:
Working Paper
Institution:
Center on International Cooperation
Abstract:
The emergence of an international humanitarian system, the codification of international humanitarian law and the corresponding creation of supportive organizations, is arguably one of the most welcomed forms of multilateralism in the 20th century. At the close of this century, billions of dollars are raised annually by the UN system to alleviate the suffering caused by natural disasters and war but this financial support is declining and increasingly unable to meet humanitarian needs. This declining resource base, along with a search to diversify sources of funding and the recognition that some emergencies receive adequate attention while others do not, raises question for the need for new burden-sharing arrangements.
Topic:
Conflict Resolution, Security, Development, Ethnic Conflict, International Cooperation, International Organization, and United Nations
Political Geography:
Africa

567. Does Talk Matter After All? Inflation Targeting And Central Bank Behavior

Author:
Adam S. Posen and Kenneth N. Kuttner
Publication Date:
09-1999
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
Since 1990, a number of countries have adopted inflation targeting as their declared monetary strategy. Interpretations of the significance of this movement, however, have differed widely. To some, inflation targeting mandates the single-minded, rule-like pursuit of price stability without regard for other policy objectives; to others, inflation targeting represents nothing more than the latest version of cheap talk by central banks unable to sustain monetary commitments. Advocates of inflation targeting, including the adopting central banks themselves, have expressed the view that the transparency and communication of the inflation targeting framework grant the central bank greater short-run flexibility in pursuit of its long-run inflation goal.
Topic:
Economics, International Organization, International Trade and Finance, and Political Economy

568. International Institutions, Globalisation and Democray: Assessing the Challenges

Author:
Tony Porter and William D. Coleman
Publication Date:
07-1999
Content Type:
Working Paper
Institution:
Institute on Globalization and the Human Condition, McMaster University
Abstract:
The advance of globalization has involved additional governance capacity at supranational levels and thereby raised concerns about democracy, which has traditionally been based on the nationstate. For the most part, these governance arrangements take the form of intergovernmental fora, where nation-states are the principal players. In some policy areas where globalization is more pronounced, such as international finance, governance appears to feature some autonomous institutional development. Autonomy may come in the form of a relatively strong international organization with a mandate anchored in international law such as the World Trade Organization (WTO), or of the institutionalization of norms and values that give the intergovernmental forum an autonomous and distinct global perspective. As Held (1995) has observed, democratic theory has assumed that the nation-state is the relevant decision-making unit. The migration of political authority to supranational levels thus has the potential to undermine long-standing democratic arrangements.
Topic:
Globalization, Government, International Law, International Organization, International Political Economy, and Political Theory

569. The Costs and Benefits of Korean Unification

Author:
Marcus Noland, Sherman Robinson, and Li-gang Liu
Publication Date:
03-1998
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
Existing estimates of the costs of unification are inadequate for a number of reasons. In this paper we use a dynamic computable general equilibrium model to calculate South Korean and total peninsular income streams under a variety of unification (and non–unification) scenarios. We find that there are scenarios in which the present discounted value of South Korean income is higher with unification than without it. Although lower income groups in South Korea experience reduced incomes under this scenario, with redistribution of the gains, everyone can be made better off. Indeed, this scenario, which involves relatively low levels of South Korean private investment in the North together with relatively high levels of North–South migration, is also the one which generates the highest level of total peninsular income as well. The latter point is critical in that it suggests that there is no necessary conflict between the economic interests of North and South Koreans after unification.
Topic:
Security, Economics, International Organization, and Political Economy
Political Geography:
Israel, East Asia, and Korea

570. The State in a Changing World: A Critique of the 1997 World Development Report

Author:
Devesh Kapur
Publication Date:
02-1998
Content Type:
Working Paper
Institution:
Weatherhead Center for International Affairs, Harvard University
Abstract:
In recent years, the World Bank has been at the vanguard in pressing for a circumscribed role for the State in developing countries. It therefore comes as somewhat of a surprise that the 1997 World Development Report (WDR - the World Bank's annual flagship publication), The State in a Changing World, underscores the continuing significance of the State in LDCs.
Topic:
Development, Economics, Emerging Markets, Government, International Organization, and Third World