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181. Determinants and Consequences of Corporate Social Responsibility: Evidence from the Revision of the Company Act in India

Author:
Lee Woong
Publication Date:
04-2017
Content Type:
Working Paper
Institution:
Korea Institute for International Economic Policy (KIEP)
Abstract:
India is the first country to introduce mandatory CSR spending for eligible firms, based on the revision of the Companies Act in 2013. In this paper, I explore the effects of the revision of the Companies Act in India on the likelihood of a firm's CSR participation and its profit. It is the first work to investigate the effects of the provision of mandatory CSR. The results show that the revision increased the eligible firms' CSR incurrence by 2.3 percentage points, compared to ineligible firms. The findings also indicate that the revision is effective to increase the eligible firms' profits by 3.5 percent, compared to the ineligible firms. Therefore, I suggest that profit-maximizing CSR and private provision of public goods through mandatory CSR are valid in India.
Topic:
International Political Economy and International Affairs
Political Geography:
Asia

182. East Asia’s Regional Financial Governance: Assessing Korea’s Centrality

Author:
Ramon Pacheco Pardo
Publication Date:
09-2017
Content Type:
Research Paper
Institution:
Korea Economic Institute of America (KEI)
Abstract:
In the aftermath of the Global Financial Crisis, the multilayered international financial governance regime has been strengthened. In East Asia, this regime includes an ASEAN+3 regional layer designed to complement – rather than replace – the global layer. This regional layer has three goals: crisis prevention, crisis management and resolution, and market strengthening. The Chiang Mai Initiative Multilateralization (CMIM), ASEAN+3 Macroeconomic Research Office (AMRO), and Economic Review and Policy Dialogue (ERPD) are the key institutions in the areas of crisis prevention, management, and resolution. South Korea has become increasingly central to this regional financial governance regime over the past few years. Seoul was crucial to the setting up of CMIM, holds top management positions in AMRO, and is involved in the ERPD dialogue process. Three key reasons explain Korea’s centrality
Topic:
International Political Economy and International Trade and Finance
Political Geography:
Korea

183. A View from South Korea on Sino-ROK Relations

Author:
Kim Heung-kyu
Publication Date:
08-2017
Content Type:
Special Report
Institution:
Korea Economic Institute of America (KEI)
Abstract:
Although we are only into the first months of the Trump administration, many Koreans recognize that the U.S.-led, market-oriented, liberal international order has been severely shaken. In the background, the rapid rise of China and rather successful economic reforms under Xi Jinping have dramatically reduced its vulnerability and sensitivity to the United States. As one power’s grip is shaken and another’s is energized, two different orders are emerging in East Asia. We accordingly witness a “Clash of Titans,” the fallout from which could be fatal to the security and economy of the Republic of Korea.
Topic:
International Political Economy and International Affairs
Political Geography:
Asia

184. Public Sector Strengths in Development Deserve Attention

Author:
Erik Lundsgaarde
Publication Date:
03-2017
Content Type:
Policy Brief
Institution:
Danish Institute for International Studies
Abstract:
This policy brief argues that the expertise, networks, and convening role of governments are key assets in efforts to expand business involvement to promote sustainable development goals. In addition, development cooperation providers have the potential to adopt a systemic perspective that can contribute to improving the framework conditions in partner countries. These public sector advantages should provide a point of departure for partnership development approaches.
Topic:
International Political Economy and International Development
Political Geography:
Global Focus

185. Transforming the Power Sector in Developing Countries: Indonesia’s Diversification Challenge

Author:
Robert Ichord
Publication Date:
09-2017
Content Type:
Special Report
Institution:
Atlantic Council
Abstract:
Although often overshadowed by significantly larger energy systems in India and China, Indonesia is assuming an increasingly important role in international energy markets and global efforts to address climate change. In Transforming the Power Sector in Developing Countries: Indonesia’s Diversification Challenge,” Global Energy Center nonresident Senior Fellow Dr. Robert F. Ichord, Jr. identifies the challenges Indonesia faces in the energy sector and provides recommendations for policy makers and other stakeholders on strategic priorities. As Ichord points out, Indonesia is a critical country for international power sector transformation—the question is how to meet Indonesia’s growing electricity needs in a clean, efficient, and affordable manner.
Topic:
International Political Economy
Political Geography:
Indonesia

186. Chinese FDI in Latin America

Author:
Angel Melguizo, Sean Miner, and Rolando Avendano
Publication Date:
06-2017
Content Type:
Special Report
Institution:
Atlantic Council
Abstract:
China's global influence is on the rise. In Latin America, Chinese firms are not only increasing their investment, but rapidly expanding to new areas of the economy. To explore the implications for all stakeholders in the region, the Atlantic Council, in partnership with the OECD, launched on June 26 a revealing study analyzing data not previously available to the public. New numbers show dramatic rises in FDI from China in Latin America—beyond oil and mining, China is today focusing on ICT, electricity, finance, and alternative energy.
Topic:
International Political Economy
Political Geography:
China and Latin America

187. The shrinking Euro-Mediterranean policy space

Author:
Gonzalo Escribano
Publication Date:
09-2017
Content Type:
Commentary and Analysis
Institution:
Elcano Royal Institute
Abstract:
This analysis addresses changes in the Euro-Mediterranean strategic context and the erosion of the economic incentives built into Euro-Mediterranean policy to deal with such transformation. It also puts the case for a reformulation of Euro-Mediterranean policies, but argues that, rather than pursuing an incremental continuity, the EU should engineer a more radical overhaul of its mechanisms of governance, its instruments and its discourse.
Topic:
International Political Economy and International Affairs
Political Geography:
Europe

188. The Euro's Difficult Future

Author:
Luigi Bonatti
Publication Date:
09-2017
Content Type:
Special Report
Institution:
Atlantic Council
Abstract:
In The Euro’s Difficult Future – Competitiveness Imbalances and the Eurozone’s North-South Divide author Luigi Bonatti, a professor of economics at the University of Trento in Italy, stresses that the existing North-South competitiveness divide creates growing tensions between member countries and fuels hostility towards European Union institutions. The paper illustrates why this competitiveness divide is structural, cannot be tackled by macroeconomic policies, and could threaten the euro’s survival.
Topic:
International Political Economy
Political Geography:
Europe

189. Unpacked: US NAFTA renegotiations

Author:
Joseph Parilla
Publication Date:
09-2017
Content Type:
Video
Institution:
The Brookings Institution
Abstract:
Brookings Fellow Joseph Parilla discusses the renegotiation of NAFTA 25 years after its creation and explains the importance of NAFTA to the U.S. economy at both the national and local level.
Topic:
International Political Economy and International Affairs
Political Geography:
America and Global Focus

190. Socio-economic Inequality and the Failure of Development Strategies for the Middle East. Arab Transformations Policy Brief 3

Author:
Andrea Teti and Pamela Abbott
Publication Date:
04-2017
Content Type:
Policy Brief
Institution:
Arab Transformations Project, University of Aberdeen
Abstract:
The main drivers of the Arab Uprisings were economic grievances and a perceived growth in inequalities. Poor economic growth and lack of inclusive policies are the underlying causes of insecurity in the region The main concerns of people in the MENA are economic security and corruption. People think that the best way in which the EU can help their countries in the wake of the Uprisings is with support for inclusive economic development. The EU needs to develop its policies so that they bring economic benefits to the countries in the region as well as to the EU the European Union’s Seventh Framework Programme under grant agreement no #320214 Summary: The main drivers of the Arab Uprisings were economic grievances and a perceived growth in inequalities. Poor economic growth and lack of inclusive policies are the underlying causes of insecurity in the region The main concerns of people in the MENA are economic security and corruption. People think that the best way in which the EU can help their countries in the wake of the Uprisings is with support for inclusive economic development. The EU needs to develop its policies so that they bring economic benefits to the countries in the region as well as to the EU
Topic:
International Political Economy
Political Geography:
Middle East