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2081. Ukraine: Stress at the IMF

Author:
Susan Schadler
Publication Date:
10-2014
Content Type:
Policy Brief
Institution:
Centre for International Governance Innovation
Abstract:
In April 2014, in a departure from its normal aversion to lending to countries in conflict, the International Monetary Fund (IMF) approved a US$17 billion loan to Ukraine to be disbursed over two years. At the time, Ukraine was three weeks away from a presidential election; engaged in combat with an armed separatist movement backed by Russia, its largest trading partner and supplier of energy; and experiencing a significant drain in foreign exchange reserves and bank deposits along with soaring yields on sovereign debt. The country was also reaping the returns of decades of economic mismanagement. Dire from both political and economic perspectives, the situation had the markings of a case where the IMF has the expertise to be usefully engaged, but there were also red flags demarcating circumstances that can hobble the IMF's effectiveness.
Topic:
Economics, International Monetary Fund, and Foreign Aid
Political Geography:
Europe and Ukraine

2082. The 2014 Survey of Progress in International Economic Governance

Author:
Domenico Lombardi, Barry Carin, and David Kempthorne
Publication Date:
11-2014
Content Type:
Policy Brief
Institution:
Centre for International Governance Innovation
Abstract:
The annual CIGI Survey of Progress in International Economic Governance assesses progress in four dimensions of international economic governance: macroeconomic and financial cooperation; cooperation on financial regulation; cooperation on trade; and cooperation on climate change. Governance related to these dimensions is scored on the following progress scale: 0%-19% represents "major regression"; 20%-39% represents "some regression"; 40%-59% indicates "minimal progress"; 60%-79% characterizes progress; and 80%-100% represents "major progress." Recognizing the difficulty of making objective judgments given the complexity of the issues, the results are offered as a range of subjective opinions from CIGI experts with diverse backgrounds.
Topic:
Climate Change, Economics, International Cooperation, International Trade and Finance, and Governance
Political Geography:
United States and Europe

2083. Changing the Channel: Cultivating Security Cooperation in Northeast Asia

Author:
Alex Brouse and Dustin McDonald
Publication Date:
11-2014
Content Type:
Policy Brief
Institution:
Centre for International Governance Innovation
Abstract:
High tensions in Northeast Asia are cause for considerable alarm. Of particular concern for the maintenance of global security are the disputes over Senkaku/Diaoyu and Dokdo/Takeshima islands. Strong grievances rooted in history and rising nationalistic sentiment in China, South Korea and Japan have made the positions of the respective parties currently irreconcilable. The tension surrounding the issue of territorial control, particularly between China and Japan, has the potential to spark a military confrontation. Due to a lack of empathy and the propensity to overestimate threats from neighbours, the region is especially volatile. Public commitments by US President Barack Obama in support of the US-Japan Mutual Security Treaty could ensure that any military confrontation between China and Japan might quickly escalate and draw the United States into direct conflict with China. In order to improve empathy, a concerted effort must be made to change the channel and work on issues where interests do align. Nowhere do the interests of China, South Korea, Japan and the United States align more than on the issue of North Korean denuclearization. By working together on an issue of mutual concern, these four countries can counter the rapid erosion of trust. By cultivating a cooperative attitude, tensions can be lowered, increasing the prospects for peaceful management of current acute disputes.
Topic:
Conflict Prevention, Arms Control and Proliferation, Diplomacy, and Peacekeeping
Political Geography:
United States, Japan, China, and South Korea

2084. Regulating RoboCop: The Need for International Governance Innovation in Drone and AWS Development and Use

Author:
Melisa Foster and Virgil Haden-Pawlowski
Publication Date:
10-2014
Content Type:
Policy Brief
Institution:
Centre for International Governance Innovation
Abstract:
Drones and AWS are more than simply new technology; they are a new method of combat engagement, representing a revolution in military affairs (Arkin 2013, 1). The current deployment of certain forms of robotic weapons technology, and the direction of their continuing development and use, are inadequately influenced by international law. While this technology offers strategic advantages and may reduce the need to put military personnel in harm's way, it also creates enormous risks to the erosion or abuse of human rights, peace, national security, ethical conduct in war and international law.
Topic:
Science and Technology, International Security, Governance, and Law

2085. Disasters and Dividends: An Asia-Pacific Strategy for Canada

Author:
Jesse MacLean, Andrew McCauley, and Emily Newcombe
Publication Date:
10-2014
Content Type:
Policy Brief
Institution:
Centre for International Governance Innovation
Abstract:
Canada has demonstrated a strong interest in strengthening economic partnerships across the Asia-Pacific, having recently expanded its diplomatic presence in the region through the establishment of a mission to the Association of Southeast Asian Nations (ASEAN), and reaffirmed its desire to join such forums as the East Asia Summit. While Canadian officials routinely find themselves simply passing through Asian capitals, Canada's market share in the Asia-Pacific is below potential and Canada lags behind in comprehensive trade agreements signed with the region's states (Dobson 2012). As Canada seeks to expand trade ties in the Asia-Pacific, its active engagement must come not only through sustained presence in economic forums, but also through tangible investment in the region's security architecture.
Topic:
Security, Disaster Relief, and Humanitarian Aid
Political Geography:
Canada and Asia

2086. Strengthening Canada's Copyright System: A Fairer Mechanism for Fair Use Claims

Author:
Cory Campbell and Scott Janz
Publication Date:
10-2014
Content Type:
Policy Brief
Institution:
Centre for International Governance Innovation
Abstract:
By granting limited monopolies to rights holders and securing profits from the sale and circulation of their works, copyright law is an important mechanism for incentivizing innovation and the creation of cultural content. However, limiting how users interact with protected materials also imposes a number of social costs, such as threatening the ability of individuals to express themselves by engaging with protected media and hindering cumulative innovation. Modern copyright law has sought to minimize these social costs through fair use provisions, which allow for the reasonable use of copyrighted material.
Topic:
Science and Technology and Intellectual Property/Copyright
Political Geography:
Canada

2087. Dual Citizenship: Reducing Governance and Protection Gaps

Author:
Busra Hacioglu, Alina Shams, Amy Wood, and Ruiqian Zhang
Publication Date:
10-2014
Content Type:
Policy Brief
Institution:
Centre for International Governance Innovation
Abstract:
On December 29, 2013, the journalists Mohamed Fahmy, Peter Greste and Baher Mohamed were arbitrarily arrested and detained in Cairo, Egypt. They were sentenced to seven years in prison after a five-month trial, a verdict US Secretary of State John Kerry called "chilling and draconian" (quoted in Holmes 2014). Although more contentious, the 2002 rendition of Canadian-Syrian citizen Mahar Arar also garnered international condemnation. 2 The subsequent apology by the Canadian government drew attention to the vulnerability of dual citizens, both abroad and at home. In 2006 and 2011, Canadian citizens from Lebanon and Egypt called upon the Canadian government for support during conflicts, with over 13,000 evacuated from Beirut alone by the end of July 2006. These cases all bring to light the complex web of obligations and transnational legalities, which come to the fore during times of conflict. Characterized by an absence of global governance, dual citizenship occupies a grey area in the international arena, as no international conventions directly apply to this citizenship status. In this absence, there are fragmented state responses based on geopolitical and geographical demand - dual citizenship can be permitted, avoided restricted or renounced - according to the whims of states. This has created a messy terrain around rights, state responsibilities, security and migration.
Topic:
Security, Human Rights, Migration, Governance, and Law
Political Geography:
Lebanon, Syria, and Egypt

2088. The Role of the Informal Economy in Addressing Urban Food Insecurity in Sub-Saharan Africa

Author:
Elizabeth Fraser, Malambo Moonga, and Johanna Wilkes
Publication Date:
08-2014
Content Type:
Policy Brief
Institution:
Centre for International Governance Innovation
Abstract:
SSA is a region undergoing a significant urban transition. UN-Habitat (2014) estimates that by 2050, 58 percent of the African continent will be living in urban regions, representing an increase from 400 million individuals to over 1.26 billion. This will be accompanied by a burgeoning informal sector, which has grown rapidly since the 1960s across the continent, providing income, employment and livelihoods for millions of poor urban households.
Topic:
Poverty, Food, and Reform
Political Geography:
Africa

2089. The Effect of Index Futures Trading on Volatility: Three Markets for Chinese Stocks

Author:
Pierre Siklos, Martin T. Bohl, and Jeanne Diesteldorf
Publication Date:
09-2014
Content Type:
Policy Brief
Institution:
Centre for International Governance Innovation
Abstract:
This paper examines whether the introduction of Chinese stock index futures had an impact on the volatility of the underlying spot market. To this end, we estimate several Generalized Auto-Regressive Conditional Heteroscedasticity (GARCH) models and compare our findings for mainland China with Chinese index futures traded in Singapore and Hong Kong. Our results indicate that Chinese index futures decrease spot market volatility with all three spot markets considered. In contrast, we do not obtain the same results for the companion index futures markets in Hong Kong and Singapore. China's stock market is relatively young and largely dominated by private retail investors. Nevertheless, our evidence is favourable to the stabilization hypothesis usually confirmed in mature markets.
Topic:
Economics, International Trade and Finance, and Markets
Political Geography:
China and Singapore

2090. The Resumption of Accession Talks: A Hesitant Improvement in Turkey-EU Negotiations

Author:
Filippo Urbinati
Publication Date:
01-2014
Content Type:
Policy Brief
Institution:
Global Political Trends Center
Abstract:
After more than three1year deadlock, 2013 was marked by the attempt by Brussels and Ankara to restart the dialogue for Turkey’s accession to European Union. Two developments were remarkable in this process: the release of the most favorable Progress Report on Turkey since 2009, and the opening of the community acquis Chapter 22 on Regional Policy and Coordination of Structural Instruments. Regarding the former development, the European Commission underlined the positive steps achieved by Turkey and the pressing need for the EU to enhance its engagement with Turkey and revitalize the accession negotiations’ framework as the main way to promote EU sponsored reforms. As far as the latter development is concerned, the relevance of the opening of a new chapter cannot be overestimated as the political stumbling blocks, which led the negotiations to stagnation, have been kept untouched and are still far from solved. This policy update is intended to give account of the main issues connected with these developments and underline the reasons for why they have to be considered important steps forward but¬ the decisive ones.
Topic:
International Relations, Politics, European Union, and Negotiation
Political Geography:
Europe, Turkey, and Middle East