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841. Toward a Rules‐​Based International Monetary System

Author:
John B. Taylor
Publication Date:
06-2018
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
Over the past few years I have been making the case for moving toward a more rules-based international monetary system (e.g., Taylor 2013, 2014, 2015, 2016a, 2016b, 2017). In fact, I made the case over 30 years ago in Taylor (1985), and the ideas go back over 30 years before that to Milton Friedman (1953). However, the case for such a system is now much stronger because the monetary system drifted away from a rules-based approach in the past dozen years and, as Paul Volcker (2014) reminds us, the absence of a rulesbased monetary system “has not been a great success.” To bring recent experience to bear on the case, we must recognize that central banks have been using two separate monetary policy instruments in recent years: the policy interest rate and the size of the balance sheet, in which reserve balances play a key role. Any international monetary modeling framework used to assess or to make recommendations about international monetary policy must include both instruments in each country, the policy for changing the instruments, and the effect of these changes on exchange rates. Using such a framework, I show that both policy instruments have deviated from rules-based policy in recent years. I then draw the policy implications for the international monetary system and suggest a way forward to implement the policy.
Topic:
International Cooperation, International Trade and Finance, Monetary Policy, and Central Bank
Political Geography:
Global Focus

842. Extending the Economic Freedom of the World Index to the Cold War Era

Author:
Ryan Murphy and Robert A. Lawson
Publication Date:
01-2018
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
This article uses newly gathered and available data and autoregressive methods to create an economic freedom index for the 1950s and 1960s for up to 95 countries. The resulting index allows not only for a longer time series but also for a larger sample of countries than has been previously available.
Topic:
Economics, History, and Economic growth
Political Geography:
Global Focus

843. BALANCING AGAINST CHINA WITH THE ASIA-AFRICA GROWTH CORRIDOR: AN INDIAN-JAPANESE INITIATIVE TOWARDS THE INDO-PACIFIC

Author:
Carlos Eduardo Carvalho and João Paulo Nicolini Gabriel
Publication Date:
10-2018
Content Type:
Journal Article
Journal:
Conjuntura Austral: Journal of the Global South
Institution:
Conjuntura Austral: Journal of the Global South
Abstract:
The launch of a vision document for Asia-Africa Growth Corridor (AAGC) at the African Development Bank meeting in Gujarat in 2017 reveals an important aspect to grasp the awkening of a strategy to face China’s rise. This conference of the African Development Bank (AfDB) is a landmark for this initiative. This bank is a mechanism for economic and social development with the participation of non-African members (e.g. China, India, Brazil, the United States, and Japan). The main contributors to the African Development Fund -linked to this bank -are the United Kingdom, the USA and Japan. Beijing does not figure among the most influent members of this organization. Thus, it was an opportunity for think tanks, supported by India and Japan, to introduce the idea of a corridor aimed to link Asia to Africa in order to increase co-operation in agriculture, social development and technology sharing.
Topic:
Development, International Political Economy, International Trade and Finance, Economic growth, Banks, Trade, Economic Development, Trade Policy, and Economic Cooperation
Political Geography:
Africa, Japan, China, and Asia

844. THE MAKING OF MODERNITY: VIOLENCE AND SOCIAL REVOLUTION IN THE SOUTH ASIAN CONTEXT

Author:
Prakash Kona
Publication Date:
10-2018
Content Type:
Journal Article
Journal:
Conjuntura Austral: Journal of the Global South
Institution:
Conjuntura Austral: Journal of the Global South
Abstract:
In Weapons of the Weak: Everyday forms of Peasant ResistanceJames C. Scott notes in the Preface that “most subordinate classes throughout most of history have rarely been afforded the luxury of open, organized, political activity” (SCOTT, 1985: xv). In the same Preface, Scott adds, “Formal, organized political activity, even if clandestine and revolutionary, is typically the preserve of the middle class and the intelligentsia” (SCOTT, 1985: xv). While acts of resistance undoubtedly play a role in giving the poor an opportunity to fight anunjust order, these acts might not constitute social and political change. Acts of resistance operate through a politics of negotiation and do not necessarily form the basis of a carefully thought out plan of action engineered to bring about radical gainsto working and subaltern classes.
Topic:
Popular Revolt, Violence, Revolution, and Modernization
Political Geography:
South Asia and India

845. Crime, citizenship and race: Latin American dilemmas in security doctrine

Author:
José Oviedo Pérez
Publication Date:
07-2018
Content Type:
Journal Article
Journal:
Conjuntura Austral: Journal of the Global South
Institution:
Conjuntura Austral: Journal of the Global South
Abstract:
Latin America (LA) over the past century has experienced a period of relative interstate peace, free from the bloody wars typically seen in other global regions, such as Europe (CENTENO, 2002; MARES, 2001). The region, however, is also the most violent and unsafe in the world. Los Cabos, Mexico, the deadliest city in the world in 2017, boasts about 111.33 deaths per every 100,000 residents (SEGURIDAD, JUSTICIA Y PAZ, 2018: 3), making many of the region’s urban areas resemble combat zones. This paradoxically results in LA having what some scholars term a “violent” or “hybrid” peace (BATTAGLIO, 2012; MARES, 2001). This article discusses and analyses the historical trajectory that contributed to this development, specifically analyzing post-Cold War security doctrine in the region through a racial lens. Using historical process-tracing and a review of previous academic literature, we describe how the constitution of national identities, as well as state articulations of “citizenship” and “crime,” has resulted in a specific way of viewing and treating afro-descend-ent people across LA. This process has also contributed to the current security crisis across the hemisphere.
Topic:
Security, Crime, Race, Citizenship, Violence, and Peace
Political Geography:
Latin America

846. Epistemic frictions: radioactive fallout, health risk assessments, and the Eisenhower administration’s nuclear-test ban policy, 1954–1958

Author:
Toshihiro Higuchi
Publication Date:
01-2018
Content Type:
Journal Article
Journal:
International Relations of the Asia-Pacific
Institution:
Japan Association of International Relations
Abstract:
The successful test of a US thermonuclear weapon in 1954 raised a compelling question as to the worldwide dispersion of radioactive fallout. This article reexamines the Eisenhower administration's test-ban policy in the context of global radioactive contamination. To explain the shifting public discourse of the global fallout hazards and its impact on the test-ban debate, the article focuses on epistemic frictions, seeking to demonstrate how a variety of expert bodies evaluated scientific uncertainty and moral ambiguity concerning the biological effects of fallout from different sets of concerns, and how the resulting incongruence both within and between the scientific advisory committees fueled the fallout controversy and affected the Eisenhower administration’s test-ban policy leading toward the test moratorium in 1958.
Topic:
Cold War, Nuclear Weapons, History, and Nuclear Power
Political Geography:
Japan, North America, Asia-Pacific, and United States of America

847. The negotiating process around ‘homeland level status’ reversion between Japan and Okinawa

Author:
Hiroshi Komatsu
Publication Date:
01-2018
Content Type:
Journal Article
Journal:
International Relations of the Asia-Pacific
Institution:
Japan Association of International Relations
Abstract:
This article explores the negotiations between Japan and Okinawa to clarify the latter’s role in this process. I focus on visits to Tokyo by Chobyo Yara, Chief Executive of the Government of the Ryukyu Islands, to meet with Japanese Government officials, including Prime Minister Eisaku Sato and Foreign Minister Kiichi Aichi. In particular, I consider ‘homeland level status’, a term used in these discussions to define the conditions for Okinawa’s reversion to Japan.
Topic:
Government, Governance, and Negotiation
Political Geography:
Japan, Asia-Pacific, and Okinawa

848. Global constitutional order and the deviant other: reflections on the dualistic nature of the ICC process

Author:
Hiroyuki Tosa
Publication Date:
01-2018
Content Type:
Journal Article
Journal:
International Relations of the Asia-Pacific
Institution:
Japan Association of International Relations
Abstract:
The purpose of this article is to offer some reflections on how to interpret the International Criminal Court (ICC)’ s fractious relationship with Africa in the context of the historical lineage of a dual structure of the global constitutional order and further scrutinize its implications for life cycles of the international norm. First, we begin by setting out the ICC process (norm emergence) led by middle power sand global civil society during the early post-Cold War period. We then scrutinize the limits of this new normative order by focusing on its dualistic nature, as well as the asymmetrical relation between the Global North and the Global South, in particular African countries. Finally, we reexamine the remaining injustice issue inherent in the liberal normative order by paying attention to structural problems such as the predatory capitalism behind the serious humanitarian crisis, which international judicial interventions seem to have superficially mask.
Topic:
Civil Society, Judiciary, Norms, and International Criminal Court (ICC)
Political Geography:
Africa, Asia-Pacific, and Global South

849. Peace-building and State-building from the Perspective of the Historical Development of International Society

Author:
Hideaki Shinoda
Publication Date:
01-2018
Content Type:
Journal Article
Journal:
International Relations of the Asia-Pacific
Institution:
Japan Association of International Relations
Abstract:
This article examines the relationship between post-conflict peace-building and state-building. In so doing, the article illustrates the process of the expansion and transformation of “world international society”. By comparing the process of the formation of sovereign states in modern Europe and state-building activities in post-conflict societies in the contemporary world, the article seeks to identify dilemmas of peace-building through state-building. First, it describes the dilemma at the level of overall international order concerning world international society and regional discrepancies of peace-building through state-building. Second, it also highlights the dilemma at the level of state-building policies concerning the concentration of power and the limitation of concentrated power. Third, it illustrates the dilemma concerning liberal peace-building and local ownership. Then, the article argues that post-conflict state-building needs to be understood in the context of the long-term state-building process.
Topic:
International Relations, Peace, and State Building
Political Geography:
Asia-Pacific and Global Focus

850. Global Issues and Business in International Relations: Intellectual Property Rights and Access to Medicines

Author:
Yoshiko Kojo
Publication Date:
01-2018
Content Type:
Journal Article
Journal:
International Relations of the Asia-Pacific
Institution:
Japan Association of International Relations
Abstract:
In international relations, globalization transfers the location of governance from nation-states laterally to such private actors as nongovernmental organizations (NGOs) and multinational firms, as well as vertically to local governments and supranational organizations. The purpose of this article is to clarify how the competitions among firms affect the problem of global issues by examining the case of the Trade-Related Aspects of Intellectual Property Rights (TRIPS) and public health. This study shows why most of least developed countries implemented the TRIPS despite the warning of NGOs not to implement earlier for the sake of access to medicines. In order to understand the positive attitude of least developed countries toward the TRIPS, we have to examine how the distribution of pharmaceutical firms capacities in developing countries affect the implementation of the TRIPS Agreement. The existence and different capacities of generic pharmaceutical companies in developing companies are important elements of state policy toward the TRIPS.
Topic:
International Relations, Globalization, International Trade and Finance, Intellectual Property/Copyright, Business, and Medicine
Political Geography:
Global Focus