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191. Assessing the Effects of the Multifibre Arrangement after Its Termination

Author:
John Whalley and Daqing Yao
Publication Date:
03-2016
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
The effects of the termination of the Multifibre Arrangement (MFA) on the trade of clothing and textiles are assessed in this paper, based on world trade date and US trade data. The findings from the data analyzed indicate that the effects of the termination of the MFA on the clothing trade was more significant for clothing than for the textiles trade. With the end of the MFA, the freer trade in these sectors shed light on other sectors that are still protected under trade agreements.
Topic:
International Trade and Finance, Markets, Treaties and Agreements, and Regulation
Political Geography:
Global Focus

192. CETA and Financial Services: What to Expect?

Author:
Patrick Leblond
Publication Date:
02-2016
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
The Canada-European Union Comprehensive Economic and Trade Agreement (CETA) is possibly the most ambitious regional free trade agreement that Canada and the European Union have negotiated so far. One of its main components is a chapter that seeks to liberalize trade and investment in financial services between Canada and the European Union, while ensuring that markets and their agents will be properly regulated and protected through prudential regulation. However, this chapter is unlikely to have a significant impact on the financial services sector in Canada and the European Union in the short and medium term. Although some observers fear that CETA might undermine the high quality of financial regulations in Canada or the European Union, this paper’s analysis demonstrates that such concerns are unfounded.
Topic:
International Trade and Finance, Markets, Treaties and Agreements, and Regulation
Political Geography:
Canada and European Union

193. At the Crossroads: The TPP, AIIB, and Japan's Foreign Economic Strategy

Author:
Saori N. Katada
Publication Date:
05-2016
Content Type:
Working Paper
Institution:
East-West Center
Abstract:
In 2015, two mega-initiatives took shape that will affect economic relations in the Asia-Pacific region: the US-promoted Trans-Pacific Partnership (TPP) trade agreement and the China-led Asian Infrastructure Investment Bank (AIIB). Although they address different needs, both are expected to have profound effects on Asia's economic governance in the near future, and will shape economic norms in the Asia Pacific and beyond. Japan has joined the TPP but stayed out of the AIIB, decisions that might seem counterintuitive considering its history of resisting trade liberalization and of promoting infrastructure investment. Is Japan simply favoring its US ally over rival China? Or is it that Japan's position on the TPP and AIIB aligns with its own economic priorities, and enhances its geo-economic advantage? With a US-China competition over economic ideas and regional strategies, Japan occupies a unique position that may allow it to influence the direction of Asia-Pacific economic governance, which is now being battled out by the two "titans."
Topic:
Economics, International Trade and Finance, Political Economy, and Treaties and Agreements
Political Geography:
China and Asia

194. An “Atomized Caliphate” in Europe

Author:
Armen Oganesyan
Publication Date:
02-2016
Content Type:
Working Paper
Institution:
East-West Center
Abstract:
A Part of The Western World, Europe, however, has been very selective about alien cultures and civilizations; not a “melting pot” american style, it is paying dearly for this function imposed on it. The disagreements on the migration issues in the european corridors of power threaten the cohesion of the european Unity. Frau Merkel who demonstrated a no mean determination to meet a new wave of migrants within maximal openness and tolerance had already accepted the failure of multiculturalism. This means that Berlin has no answer to the question about how to cope with the migrants who have arrived in thousands and millions to Europe to stay.
Topic:
Migration, Treaties and Agreements, Refugee Issues, and Multiculturalism
Political Geography:
Europe

195. Between the Eagle and the Dragon: America, China, and Middle State Strategies in East Asia

Author:
G. John Ikenberry
Publication Date:
03-2016
Content Type:
Journal Article
Journal:
Political Science Quarterly
Institution:
Academy of Political Science
Abstract:
For more than half a century, the United States has played a leading role in shaping order in East Asia. This East Asian order has been organized around American military and economic dominance, anchored in the U.S. system of alliances with Japan, South Korea, and other partners across Asia. Over the decades, the United States found itself playing a hegemonic role in the region—providing security, underwriting stability, promoting open markets, and fostering alliance and political partnerships. It was an order organized around “hard” bilateral security ties and “soft” multilateral groupings. It was built around security, economic, and political bargains. The United States exported security and imported goods. Across the region, countries expanded trade, pursued democratic transitions, and maintained a more or less stable peace.
Topic:
Security, Diplomacy, International Trade and Finance, Treaties and Agreements, Bilateral Relations, and Hegemony
Political Geography:
Japan, East Asia, and South Korea

196. Critical Juncture in Cyprus Negotiations

Author:
Nilgün Arısan and Atila Eralp
Publication Date:
05-2016
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
The negotiations in Cyprus are at yet another critical juncture. Time is running short for a comprehensive settlement on the island. The present conducive environment is not likely to last indefinitely, as has been observed in previous rounds of negotiations. In fact, the Cyprus negotiations reflect some clear missed opportunities. Much valuable time has been spent on this process, and it should be apparent to all that drawing out the negotiations benefits no one. All actors involved should at this point be seeking a rapid conclusion of the talks.
Topic:
Economics, International Trade and Finance, and Treaties and Agreements
Political Geography:
Cyprus

197. Shifting Sands: Power, Uncertainty and the Form of International Legal Cooperation

Author:
Timothy Meyer
Publication Date:
01-2016
Content Type:
Journal Article
Abstract:
This article argues that the form of international agreements – binding hard law agreements versus non-binding soft law agreements – can be partially explained by states’ interests in promoting renegotiation in the presence of uncertainty and shifting power. I make this argument in three steps. First, I explain that states regularly use unilateral non-compliance as a renegotiation strategy. Second, I argue that making an agreement soft facilitates this use of unilateral non-compliance. Third, I analyse the conditions – uncertainty characterized by common interests (but not uncertainty characterized by distributive concerns) and shifting power – under which facilitating renegotiation through soft law will appeal to states. In particular, I argue that in the presence of these conditions preventing renegotiation creates long-term costs for states that can inhibit short-term cooperation. In effect, under these conditions the shadow of the future can inhibit cooperation rather than support it, as is conventionally thought. These conditions are common to many major contemporary subjects of international cooperation in a way they were not during the latter half of the 20th century, partially explaining the increased importance of soft law to contemporary international governance.
Topic:
International Relations, International Law, International Trade and Finance, Treaties and Agreements, and United Nations
Political Geography:
Europe, United Nations, and Global Focus

198. Shifting Sands: Power, Uncertainty and the Form of International Legal Cooperation

Author:
Timothy Meyer
Publication Date:
01-2016
Content Type:
Journal Article
Abstract:
This article argues that the form of international agreements – binding hard law agreements versus non-binding soft law agreements – can be partially explained by states’ interests in promoting renegotiation in the presence of uncertainty and shifting power. I make this argument in three steps. First, I explain that states regularly use unilateral non-compliance as a renegotiation strategy. Second, I argue that making an agreement soft facilitates this use of unilateral non-compliance. Third, I analyse the conditions – uncertainty characterized by common interests (but not uncertainty characterized by distributive concerns) and shifting power – under which facilitating renegotiation through soft law will appeal to states. In particular, I argue that in the presence of these conditions preventing renegotiation creates long-term costs for states that can inhibit short-term cooperation. In effect, under these conditions the shadow of the future can inhibit cooperation rather than support it, as is conventionally thought. These conditions are common to many major contemporary subjects of international cooperation in a way they were not during the latter half of the 20th century, partially explaining the increased importance of soft law to contemporary international governance.
Topic:
International Law, International Trade and Finance, Treaties and Agreements, and United Nations
Political Geography:
Europe, United Nations, and Global Focus

199. China and Iran Expand Relations After Sanctions’ End

Author:
Chris Zambelis
Publication Date:
03-2016
Content Type:
Journal Article
Journal:
China Brief
Institution:
The Jamestown Foundation
Abstract:
While the full implications of the JCPOA on Iran’s regional and international standing have yet to be realized, the outcome of Xi’s 2016 visit to Tehran is likely to presage years of continued Sino-Iranian engagement and cooperation. At the same time, China is steadily being confronted with outside competition for Iran’s most promising markets and similar challenges. In terms of its history of dealings with Iran in recent years, this represents unfamiliar territory for China.
Topic:
Diplomacy, International Trade and Finance, Treaties and Agreements, Bilateral Relations, Sanctions, and Nuclear Power
Political Geography:
China, Iran, Middle East, and Asia

200. NATO’s Future: A Tale of Three Summits

Author:
Hans Binnendijk
Publication Date:
11-2016
Content Type:
Special Report
Institution:
Center for Transatlantic Relations
Abstract:
NATO tends to make progress on key policy issues and capability from summit to summit. Major shifts in the orientation of the Alliance can be traced to significant summits like London (1990), Washington (1999), Prague (2002), and Lisbon (2010). During the past two years, NATO has held a summit in Wales (4-5 September 2014) and one in Warsaw (8-9 July 2016). A third minisummit is planned for Brussels in 2017. These first two summits taken together again significantly shifted the focus of the Alliance in the face of a series of new and dangerous challenges in the East and South. They shifted NATO’s posture in the East from benign neglect to allied reassurance to some degree of deterrence. The proposed force posture is inadequate to defeat a determined Russian short warning attack. Considerable increases in forward deployed forces (perhaps seven brigades) plus strengthened reinforcements would be necessary for NATO to hold its ground. But the Warsaw formula does provide what might be called “deterrence by assured response.” In the South, Allies recognized the complexity of the threats to Europe and sought to define NATO’s role in dealing with them. The third summit next year in Brussels could set the stage for further progress on both fronts. Much more still needs to be done. But with these fairly dramatic changes, NATO is in the process of once again restructuring itself so that it will not be “obsolete” in the effort to provide security for the transatlantic allies. This paper briefly analyzes 20 key issues now facing the Alliance and highlights the progress made in Wales and Warsaw. It also suggests some directions for the Brussels summit and beyond.
Topic:
Defense Policy, NATO, International Cooperation, and Treaties and Agreements
Political Geography:
Russia, Europe, Brussels, Warsaw, and Wales