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1421. Toward a European Migration and Mobility Union

Author:
Jacob Funk Kirkegaard
Publication Date:
12-2015
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
After surviving its worst economic downturn since the Great Depression and the near collapse of its common currency, Europe is now engulfed by hundreds of thousands of desperate migrants and refugees from the Middle East and Africa. It needs new and permanent migration institutions and resources not only to accommodate the influx of refugees but also to set up a new border control system throughout the region. These demands pose a challenge for European policymaking as serious as the euro crisis of the last five years. Kirkegaard proposes a migration and mobility union, to be implemented gradually, with the goal of comprehensively reforming European migration policy.
Topic:
Economics, Migration, Politics, and Refugee Issues
Political Geography:
Europe

1422. Pitching a Level Playing Field: Women and Leadership in Sports

Author:
Barbara Kotschwar and Tyler Moran
Publication Date:
12-2015
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
While women's presence in the leadership ranks of international sporting bodies has increased over the past decade, women continue to be underrepresented relative to their involvement in sports. Seeing qualified women in sports leadership positions can serve as a strong motivator for female athletes, which is important given the strong link between girls' participation in sports and positive outcomes in education, health, and positioning in the workforce. The important multiplier effects that sports can have for girls and women, and the important effects that positive female outcomes can have for economic growth, makes promoting gender equality in sports leadership a wise societal investment.
Topic:
Education, Gender Issues, Human Welfare, and Social Movement
Political Geography:
Global Focus

1423. World on the Move: The Changing Global Income Distribution and Its Implications for Consumption Patterns and Public Policies

Author:
Tomas Hellebrandt and Paolo Mauro
Publication Date:
12-2015
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
In the next two decades, hundreds of millions of people in emerging economies are projected to reach income levels at which they will be able to afford cars and air travel. As purchasing power increases worldwide, people will spend proportionately less on food and beverages and more on transportation. Higher spending on transportation, especially in China, India, and Sub-Saharan Africa, will increase pressures on the infrastructure in these economies and aggravate global climate change. Governments will need to respond to these challenges in a fiscally sustainable and environmentally responsible way.
Topic:
Emerging Markets, International Trade and Finance, Politics, and Economies
Political Geography:
Global Focus

1424. Estimates of Fundamental Equilibrium Exchange Rates, November 2015

Author:
William R. Cline
Publication Date:
11-2015
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
The latest semiannual fundamental equilibrium exchange rate (FEER) estimates find that the US dollar is now overvalued by about 10 percent, comparable to levels in 2008 through early 2010 and again in 2011. Unlike then, the current strong dollar does not reflect a weak renminbi kept undervalued by major exchange rate intervention by China. Instead, China's current account surplus has fallen sharply relative to GDP, and its recent intervention has been to prevent excessive depreciation rather than to prevent appreciation. Additionally, declines in the real effective exchange rates (REERs) for major emerging-market economies and resource-based advanced economies, driven by falling commodity prices in recent months, have strengthened the dollar. Recent increases in the REERs for the euro area and Japan have removed their modest undervaluation identified in the last FEERs estimates in May, and the Chinese renminbi remains consistent with its FEER. The dollar's rise by nearly 15 percent in real effective terms over the past two years could impose a drag of nearly one-half percent annually on US demand growth over the next five years. As the Federal Reserve moves to normalize US monetary policy, it may need to consider a gentler rise in interest rates than it might otherwise have pursued, both to temper possible further strengthening of the dollar in response to higher interest rates and to help offset the demand compression from falling net export
Topic:
Economics, International Trade and Finance, Monetary Policy, and GDP
Political Geography:
United States and China

1425. Stability Bonds for the Euro Area

Author:
Angel Ubide
Publication Date:
12-2015
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
The rules and buffers created in the last few years to enable the euro area to withstand another sudden stop of credit and market-driven panic in one or more of its member states are welcome steps, but they are widely recognized as inadequate. Ubide proposes creating a system of stability bonds in the euro area, to be issued by a new European Debt Agency, to partially finance the debt of euro area countries—up to 25 percent of GDP. These stability bonds should be initially backed by tax revenues transferred from national treasuries, but ultimately by the creation of euro area–wide tax revenues, and used to fund the operations of national governments. They could also be used for euro area–wide fiscal stimulus, to complement the fiscal policies of member states. Such bonds would strengthen the euro area economic infrastructure, creating incentives for countries to reduce their deficits but not forcing them to do so when such actions would drive their economies further into a downturn. The bonds would permit the euro area to adopt a more flexible or expansionary fiscal policy during recessions.
Topic:
Economics, International Trade and Finance, Monetary Policy, and GDP
Political Geography:
Europe

1426. Regional Security through Inclusive Reform in the Maghreb and the Sahel

Author:
Querine Hanlon and Joyce Kasee
Publication Date:
12-2015
Content Type:
Policy Brief
Institution:
United States Institute of Peace
Abstract:
Throughout the Maghreb and the Sahel, governments are struggling to manage a security environment fundamentally transformed by the Arab Spring. Within this region, the efforts of governments to secure their territories and civil society organizations to create accountable and transparent security institutions have proceeded almost wholly divorced from each other. This Peace Brief shares key insights from the engagement between official and civil society actors both within and across borders to address these gaps, makes the case for working regionally to address the twin challenges of security and reform, and highlights how community-security partnerships offer one approach to advancing the region’s security and reform agenda.
Topic:
Security, Democratization, Islam, Terrorism, and Popular Revolt
Political Geography:
Arab Countries and North Africa

1427. Afghanistan-Pakistan Relations: The Prospect of Reviving Taliban Talks

Author:
Moeed Yusuf
Publication Date:
12-2015
Content Type:
Policy Brief
Institution:
United States Institute of Peace
Abstract:
There are few viable options for resolving Afghanistan’s conflict other than an inclusive peace process between the Afghan government and the Taliban. Momentum toward this goal must be maintained following the “Heart of Asia” Ministerial Conference on December 9, 2015, where Afghan, Pakistani, and U.S. officials renewed their commitment to resuming dialogue. This brief discusses three key concerns that need to be addressed to effectively move the peace process forward and achieve a near-term cease-fire.
Topic:
Conflict Resolution, Diplomacy, and Treaties and Agreements
Political Geography:
South Asia and Central Asia

1428. Security and Social Developments in Kunduz

Author:
Peyton Cooke and Eliza Urwin
Publication Date:
12-2015
Content Type:
Policy Brief
Institution:
United States Institute of Peace
Abstract:
Long-standing social and political grievances, combined with an unresponsive, factionalized government and abusive militias, facilitated the Taliban’s capture of Kunduz in September 2015. The fall of Kunduz raised questions regarding future political and security implications across the northeast region of Afghanistan. This Peace Brief highlights findings from interviews with a range of actors comparing what the government’s political and security response should look like and what it’s expected to look like, as well as offering recommendations for government and civil society.
Topic:
Security, Corruption, War, Governance, and Military Affairs
Political Geography:
Afghanistan and Central Asia

1429. Why China Won't Abandon Its Nuclear Strategy of Assured Retaliation

Author:
Fiona S. Cunningham and M. Taylor Fravel
Publication Date:
12-2015
Content Type:
Policy Brief
Institution:
Belfer Center for Science and International Affairs, Harvard University
Abstract:
Whether China will abandon its long-standing nuclear strategy of assured retaliation for a first-use posture will be a critical factor in U.S.-China strategic stability. In recent years, the United States has been developing strategic capabilities such as missile defenses and conventional long-range strike capabilities that could reduce the effectiveness of China's deterrent. Writings by Chinese strategists and analysts, however, indicate that China is unlikely to abandon its current nuclear strategy.
Topic:
Arms Control and Proliferation, Nuclear Weapons, Weapons of Mass Destruction, Military Strategy, and Bilateral Relations
Political Geography:
United States, China, and East Asia

1430. Eco-Competitiveness and Eco-Efficiency: Carbon Neutrality in Latin America

Author:
René Castro
Publication Date:
11-2015
Content Type:
Policy Brief
Institution:
Belfer Center for Science and International Affairs, Harvard University
Abstract:
In 2014, world per capita greenhouse gas emissions, expressed in carbon dioxide equivalent terms (CO2e), exceeded 7 tons. Per capita emissions for Latin America and the Caribbean were even higher, at 9 tons CO2e. To achieve international goals for the stabilization of atmospheric concentrations of greenhouse gases, the Intergovernmental Panel on Climate Change (IPCC) is calling for annual emissions to fall to 2 tons per capita by the year 2050 and 1 ton per capita by the year 2100. It is clear that we face a moral problem: everyone needs to, and can contribute to, the fight against climate change (Pope Francis, 2015). Improvements in eco-efficiency—defined as a combination of reducing waste and reducing the use of raw inputs—offer one strategy for reducing greenhouse gas emissions while also lowering production costs. In addition, changes in culture—at the level of individual businesses, countries, or both—can enhance the eco-competitive position of these businesses and countries. This paper describes three examples from Costa Rica and shows how the goal of achieving carbon neutrality can provide incentives for improving eco-efficiency and eco-competitiveness.
Topic:
Climate Change, Industrial Policy, International Cooperation, Treaties and Agreements, and Governance
Political Geography:
Latin America