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2402. ODC Viewpoint - Don't Make Debt Relief A Burden
- Author:
- Kevin M. Morrison
- Publication Date:
- 09-1999
- Content Type:
- Policy Brief
- Institution:
- Overseas Development Council
- Abstract:
- Kevin M. Morrison September 1999 Overseas Development Council The debate over debt relief has reached a critical phase. The pressing need to reduce the crushing debt of the highly indebted poorest countries (HIPCs) is no longer in doubt, due to the efforts of advocates in developing and developed countries. At the Cologne G7 Summit in June, the leaders of the richest countries decided to speed up and enlarge their previous debt relief initiative. Now the issue is: How are donors going to pay the bill? The G7 is exploring various means to finance the expanded initiative, and they hope to announce the plan this month during the annual meetings of the World Bank and International Monetary Fund (IMF).But there is concern that, when all is said and done, financing the initiative will cut down other resources for developing countries. Key development assistance programs might be reduced, as might developing countries' earnings from gold exports if the IMF sells some of its gold reserves to finance the relief and the price of gold drops. The point of debt relief is, as the leaders said in Cologne, "to provide a greater focus on poverty reduction by releasing resources for investment in health, education, and social needs." Thus, to provide debt relief and then reduce other resources for development makes little sense.
- Topic:
- Environment, International Organization, and International Trade and Finance
2403. The New Development Cooperation Paradigm
- Author:
- Catherine Gwin
- Publication Date:
- 06-1999
- Content Type:
- Policy Brief
- Institution:
- Overseas Development Council
- Abstract:
- Catherine Gwin June 1999 Overseas Development Council Fifteen years after the end of the Cold War, a new development cooperation paradigm is emerging. Spurred by global economic and political change, development cooperation is undergoing a fundamental redesign on three levels: 1) rationale and purpose, 2) strategy, and 3) provision of assistance.
- Topic:
- Development, Globalization, International Cooperation, and International Trade and Finance
2404. ODC Viewpoint - U.S. Trade Policy: Misreading the Developing World
- Author:
- David Weiner
- Publication Date:
- 05-1999
- Content Type:
- Policy Brief
- Institution:
- Overseas Development Council
- Abstract:
- U.S. trade leadership has suffered from a contentious policy debate that has left President Clinton without new fast-track trade negotiating authority since 1994. Disagreement over the impact of commerce with developing countries on jobs and the environment is at the heart of the trade quarrel, but that quarrel misreads what is happening in developing economies and what is achievable in negotiations with them.
- Topic:
- Environment, International Organization, and International Trade and Finance
- Political Geography:
- United States
2405. The U.S. Perspective on Globalization
- Author:
- Stuart Eizenstat
- Publication Date:
- 04-1999
- Content Type:
- Policy Brief
- Institution:
- Overseas Development Council
- Abstract:
- The Overseas Development Council was prescient in calling for an international dialogue on globalization last year. It is a particularly important time for a dialogue on the relationship between globalization and development, given new concerns raised by the global financial crisis.
- Topic:
- Development, Economics, Emerging Markets, Globalization, and International Trade and Finance
- Political Geography:
- United States
2406. Environment and Trade: A Framework for Moving Forward in the WTO
- Author:
- Gary P. Sampson
- Publication Date:
- 02-1999
- Content Type:
- Policy Brief
- Institution:
- Overseas Development Council
- Abstract:
- Environmentalists and trade advocates have clashed frequently in recent years. Environmentalists argue that international trade rules restrict the legitimate use of trade measures to enforce environmental standards internationally and undermine environmental standards at home. Trade officials argue that trade measures are not the appropriate tools to dal with environmental problems, no is the World Trade Organization (WTO) the appropriate institution. They contend that environmentalists need to put their own house in order rather than resort to trade measures to achieve their objectives.
- Topic:
- Environment, International Organization, and International Trade and Finance
2407. Russia—Caucasian Consequences
- Author:
- Oxford Analytica
- Publication Date:
- 10-1999
- Content Type:
- Policy Brief
- Institution:
- Oxford Analytica
- Abstract:
- Russia's military operations in the North Caucasus have, so far, received broad domestic support and enhanced the popularity of Prime Minister Vladimir Putin. This stands in contrast to the 1994-96 conflict. The difference can be explained by the successful characterisation of the enemy as terrorists combined with the low level of conscript casualties. Moscow politicians have united broadly behind the military strategy, with opposition limited to extreme reformist groups. Two key consequences emerge from this situation. Firstly, Putin's political future is tied to the continued success of the campaign. Secondly, the nationalist fervour sparked by the conflict has reduced international investor confidence and led to domestic calls for increased defence spending.
- Topic:
- Security, Defense Policy, International Trade and Finance, Nationalism, and Politics
- Political Geography:
- Russia and Caucasus
2408. EU—Membership Indecision
- Author:
- Oxford Analytica
- Publication Date:
- 09-1999
- Content Type:
- Policy Brief
- Institution:
- Oxford Analytica
- Abstract:
- The attractions of the single european currency are likely to draw the Scandinavian countries into the euro-area by around 2003. However, the outlook for United Kingdom accession is complicated by differences in its economic profile compared with the rest of the euro-area, combined with its enduringly euro-sceptical public opinion. These factors are likely to postpone its accession until later in the decade.
- Topic:
- Economics and International Trade and Finance
- Political Geography:
- United Kingdom and Europe
2409. Russia—Debt Rollover
- Author:
- Oxford Analytica
- Publication Date:
- 08-1999
- Content Type:
- Policy Brief
- Institution:
- Oxford Analytica
- Abstract:
- On July 28, the IMF's Board of Directors announced their approval of a 4.5 billion dollar loan to Russia. Rather than representing a breakthrough deal, the agreement is merely the latest chapter in the cycle of non–compliance and renegotiation that has characterised the Fund's relationship with Moscow. With presidential and parliamentary polls scheduled during the next twelve months, electoral pressures will almost certainly prevent the latest macroeconomic programme being implemented. Moreover, unless the root cause of Russia's economic problems—its dire GDP growth rate—is rectified, a further round of comprehensive renegotiations will be required.
- Topic:
- Debt, Economics, Government, International Trade and Finance, Political Economy, and Politics
- Political Geography:
- Russia and Moscow
2410. Panama Canal Transition: The Final Implementation
- Author:
- C. Richard Nelson, Jr. Gillespie, Brandon Grove Jr., and David E. McGiffert
- Publication Date:
- 07-1999
- Content Type:
- Policy Brief
- Institution:
- Atlantic Council
- Abstract:
- The implications of the transfer of the Panama Canal go well beyond U.S. relations with Panama. This complex transition provides an important lesson for Latin America and the rest of the world on how countries of vastly different size and outlook can work together. The success of this 20 year process lies mainly in first identifying the primary common interest of the United States, Panama and the major canal users: access to an open, safe and efficient canal. Important but secondary concerns, including U.S. military access to facilities in Panama, were addressed during the process but never were allowed to displace the primary interest. By focusing on this clear, compelling key objective, both Panama and the United States were able to accommodate fundamental changes in the political, economic and security context, including several changes in administrations, tough negotiations and even a military confrontation.
- Topic:
- International Relations, Foreign Policy, and International Trade and Finance
- Political Geography:
- United States and Latin America