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Begin New Search Topic Regional Cooperation Content Type Policy Brief

191. What Motivates Regional Financial Cooperation in East Asia Today?

Author:
Jennifer Amyx
Publication Date:
02-2005
Content Type:
Policy Brief
Institution:
East-West Center
Abstract:
Regional financial cooperation in East Asia is proceeding with unprecedented intensity. Latest developments include two Asian Bond Funds, created by the regional central bankers group, and an Asian Bond Markets Initiative launched by the finance ministers of the Association of South East Asian Nations member states plus China, Japan, and South Korea (or ASEAN+3). Some observers continue to attribute such cooperation to sharpened antagonism between East Asia and the West since the Asian financial crisis of 1997–98. But this view overlooks a key internal driver: ChinaÂ's shift to a more proactive stance toward regional cooperation. Far from demonstrating an antagonism toward market-based financial systems, ASEAN+3 members are embracing more liberal rules for economic interaction in their creation of regional bond funds and markets. Financial cooperation in East Asia is today motivated by factors that differ considerably from those observed in the immediate aftermath of the Asian financial crisis—and the implications extend beyond East Asia.
Topic:
International Relations, International Trade and Finance, and Regional Cooperation
Political Geography:
Israel

192. An India-Pakistan Detente: What It Could Mean for Sustainable Development in South Asia and Beyond

Author:
Toufiq A. Siddiqi
Publication Date:
08-2004
Content Type:
Policy Brief
Institution:
East-West Center
Abstract:
India and Pakistan have had volatile relations ever since they became independent of Britain in 1947. Frequent hostility has stifled cooperation between the two countries and inhibited development in the region. Recently, however, tensions show signs of easing. In March 2004, India's then prime minister visited Pakistan to attend a South Asian regional summit. Flights, bus service, and cricket matches between the two countries have resumed; India's newly elected government continues to support the process. Peace could bring a wide range of benefits not only to India and Pakistan but to the wider region as well. For example, it could enable cooperation on importing energy via a natural-gas pipeline, which would support environmentally sound development. The improved road and rail system that would necessarily accompany a pipeline would also support the goal of building an Asian highway network and the resurgence of cross-border trade, another likely consequence of détente. These benefits could spread far beyond India and Pakistan into the wider west, central, and south Asian region.
Topic:
International Relations, Development, and Regional Cooperation
Political Geography:
Pakistan, South Asia, and India

193. Institutionalising the Wider Europe

Author:
Michael Emerson
Publication Date:
10-2003
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
The Wider Europe has become a prominent feature in European foreign policy discourse. The EU's first policy documents on this subject, however, have been thin in substance, mainly seeking to develop more active bilateral relations with countries such as Ukraine and Moldova. At the same time, however, the EU is discussing bilaterally just with Russia a set of common European policy spaces that should be at the heart of a Wider Europe policy. This paper argues that the EU should adopt a systematic approach to defining a complete set of seven common European policy spaces, with multilateral institutional developments to match, thus bringing together the bilateral and multilateral approaches. The overarching institutional mechanism should be through transforming the present very weak 'European Conference' into a seriously structured 'Pan-European Conference', led by a Coordinating Group consisting of the EU, Russia and a few other rotating places for non-EU states, with institutionalised linkages to the Council of Europe and other European multilateral organisations for the specific common policy spaces.
Topic:
International Organization and Regional Cooperation
Political Geography:
Europe and Eastern Europe

194. Territorial review of Öresund,2003

Publication Date:
03-2003
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
The Öresund project which is intended to develop jointly Skåne (Malmö) in Sweden and Zealand (Copenhagen) in Denmark is a major endeavour for the Danish and Swedish governments, given the potential economic growth that can be derived from the integration of one of the most highly populated and productive regions on the Baltic Sea. The significance of the project is reflected not only in the regional policy focus given to Öresund in both countries but also in the EU's support, notably through INTERREG, which considers Öresund a flagship programme. While progress has been achieved to better link the two regional economies, much remains to be done to remove barriers to integration and to define the strategic positioning of the area for the future. Four key policy challenges need to be addressed. First, regarding physical accessibility, the pricing policy for the crossing of the new bridge can be made more efficient and secondary infrastructure optimised to fully exploit the opportunities brought about by the fixed link. A cross-border committee could be created to allow integrated spatial planning. Second, labour mobility should be increased by removing bureaucratic and legislation obstacles through a new package of active labour market policies. Third, networking and co-operation between firms and educational institutions should be enhanced. Fourth, asymmetries of the two fiscal systems will need to be tackled by a new tax agreement. Most important is the governance framework of the region. While there are numerous common Danish/Swedish regional institutions and rightfully the creation of a heavily bureaucratic governing body has been avoided, the potential for public/private partnerships is far from tapped. Furthermore, the system in place does not provide an appropriate framework for the private sector to fully involve all relevant actors. These conditions will need to be fulfilled and forms of “light institutionalisation” of cross-border relations developed in order to trigger a new dynamism in the integration process.
Topic:
Emerging Markets, International Trade and Finance, Political Economy, and Regional Cooperation
Political Geography:
Denmark and Sweden

195. Shoulder to Shoulder - an Interview Series July/August 2003

Author:
Loretta Bondi
Publication Date:
07-2003
Content Type:
Policy Brief
Institution:
Center for Transatlantic Relations
Abstract:
CTR: Were there any big surprises at this meeting? Ambassador Kuniko Inoguchi: I was positively impressed by the strong participation of African states and other countries most affected by the presence of small arms and light weapons. It was very good to hear their voices directly and very encouraging to see a truly cooperative spirit both in the informal consultations and at the Biennial Meeting with states delivering very focused statements.
Topic:
Human Rights, Regional Cooperation, and Terrorism
Political Geography:
United States

196. Shoulder to Shoulder - an Interview Series June 2003

Author:
Loretta Bondi
Publication Date:
06-2003
Content Type:
Policy Brief
Institution:
Center for Transatlantic Relations
Abstract:
CTR: What gave impulse to these agreements? Dr. Athanassios Papaioannou: The idea came up in the immediate aftermath of September 11, 2001.Belgium, which held the rotating EU Presidency at that time, made the proposal. Both the Ministers' Council of Justice and the United States warmly accepted it. Lengthy negotiations started during2002, and they were successfully concluded [this month] during the Greek Presidency.
Topic:
Human Rights, Regional Cooperation, and Terrorism
Political Geography:
United States

197. Shoulder to Shoulder - an Interview Series May 2003

Author:
Loretta Bondi
Publication Date:
05-2003
Content Type:
Policy Brief
Institution:
Center for Transatlantic Relations
Abstract:
CTR: What is the comparative advantage of the OAS convention over the other dozen anti-terrorism treaties that have been developed in the past three decades? Ambassador Paul Durand: Beyond [the innovation of] human rights, I am not sure it did a lot more new. I think that the value added is that there is now a basis of understanding among 34 countries that you do not find in broader forums such as the UN. As for human rights, we were not going into the area of responsibilities of states [sponsors]. We tackled [this] issue in the context of states' obligations to respect human rights norms. Although this is new [in a terrorism convention], it did not cause an awful lot of consternation. Members were on board.
Topic:
Human Rights, Regional Cooperation, and Terrorism
Political Geography:
United States

198. A Primer on the Balance Sheet of the Eurosystem

Author:
Daniel Gros
Publication Date:
02-1999
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
The ECB has just published the opening balance sheet for the Eurosystem, which is the official name given to the ECB plus the 11 national central banks of the euro zone. All 15 national central banks are part of the ESCB, but the participation of the four outsiders is purely formal. The balance sheet, which is reproduced at the end of this Commentary, reveals two very interesting facts: During 1998, the national central banks of the euro zone increased their holdings of dollar foreign exchange reserves by the equivalent of about 38 bn euro. This means that they de facto intervened consistently to support the dollar during that year. The ECB starts with huge foreign exchange reserves: 237 bn euro plus gold worth 100 bn euro. This is much more than the amount held by the US Federal Reserve and constitutes a major share of the reserves held by all OECD countries.
Topic:
Economics, International Trade and Finance, and Regional Cooperation
Political Geography:
Europe