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3771. The Crisis and Fix Cycle

Author:
John H. Makin
Publication Date:
02-2009
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
The global financial and economic crisis that emerged in August 2007 has entered a dismaying fourth phase. The January 17–18, 2009, weekend edition of the Financial Times, which has been a major chronicler of the crisis and its many aspects, laid out a frightening timeline of an accelerating and intensifying oscillatory cycle of crisis and failed policy response that started just fifteen months ago. Each phase begins with a shock and ends with a seemingly decisive policy measure meant to contain or “fix” the crisis. Each phase is shorter than the previous one and culminates in a much larger policy response. Throughout the crisis, the losses of financial institutions have steadily grown at an accelerating pace as the underlying conditions in the financial sector and, since September 2008, in the underlying global economy deteriorate more rapidly. Such a disturbing pattern must be truncated by a large, coordinated global policy response to arrest the accelerating erosion of the market capitalization of multinational banks and insurance companies that has resulted.
Topic:
Debt, Economics, Markets, and Political Economy
Political Geography:
United States

3772. Inflation Is Better Than Deflation

Author:
John H. Makin
Publication Date:
03-2009
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
As the global financial and economic crisis has grown increasingly dire—the deterioration just since the November U.S. election is breathtaking—market participants and policymakers alike have looked to three past crisis models as part of an intensifying search for ways out of the current crisis. First, the Great Depression of the 1930s is being examined ever more closely for possible lessons now that commentators have moved past an under- standable reluctance to mention that experience as relevant to today's situation. Second, the Scandinavian financial crisis of the early 1990s, which included a proactive move toward bank nationalization by the Swedish government, is also widely discussed. Finally, many allusions have been made to the disquieting parallels between today's U.S. experience and that of Japan during its “lost decade” (1991–2001) of recession and deflation, especially after 1998.
Topic:
Economics and Markets
Political Geography:
United States and Japan

3773. The Fed Battles Deflation and Class Warfare

Author:
John H. Makin
Publication Date:
04-2009
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
On March 18, Federal Reserve chairman Ben Bernanke intensified the important battle against global deflation with a commitment to expand the Fed's balance sheet by an extra $1.15 trillion. With some luck and persistence, that step could boost growth by a percentage point or more and, even more important, substantially reduce the risk of deflation.
Topic:
Economics, Markets, and Political Economy
Political Geography:
United States

3774. Zimbabwe: Engaging the Inclusive Government

Publication Date:
04-2009
Content Type:
Policy Brief
Institution:
International Crisis Group
Abstract:
After nearly a year of seemingly endless talks brokered by the Southern African Development Community (SADC), Zimbabwe's long-ruling ZANU-PF party and the two factions of the opposition Movement for Democratic Change (MDC) formed a coalition government in February. Opposition entry into government is a landmark development, and broad segments of the population are optimistic for the first time in years that a decade of repression and decline can be reversed. There is considerable international scepticism whether the flawed arrangement can succeed; many are tempted, with some reason, to second-guess the decision of mainstream MDC leader Morgan Tsvangirai to accept the deal under SADC and ZANU-PF pressure. But he had no good alternative, given a collapsed economy and humanitarian catastrophe from which his constituency was suffering. Donors should re-engage and apply a “humanitarian plus” aid strategy. South Africa, in collaboration with SADC, should negotiate retirement of hardline senior security leaders in the lifespan of the inclusive government.
Topic:
Civil Society, Democratization, Government, and Post Colonialism
Political Geography:
Africa and Zimbabwe

3775. The Carter Center News Spring 2009

Publication Date:
04-2009
Content Type:
Policy Brief
Institution:
The Carter Center
Abstract:
Last November, The Carter Center was one of the sponsors of a major health initiative in Ethiopia, in which some 5 million people were treated for trachoma and tested (and treated, when needed) for malaria in a one-week campaign. You might wonder how many staff members The Carter Center sent from Atlanta headquarters to Ethiopia to handle this unprecedented, labor-intensive effort, called Maltra week. We sent one person.
Topic:
Health and Poverty
Political Geography:
Africa, United States, and Ethiopia

3776. Annual Review of Global Peace Operations 2009

Publication Date:
01-2009
Content Type:
Policy Brief
Institution:
Center on International Cooperation
Abstract:
After several years of continuous expansion, reform and resiliency, in 2008 global peacekeeping was pushed to the brink. This publication warned in 2006 that peacekeeping faced a risk of overstretch. In 2007 it highlighted the mounting pressures on peacekeeping organizations, while stressing that peace operations had shown surprising resilience. By 2008 peacekeeping was spread increasingly thin, in many respects the victim of its own success. Our thematic review that year was by Lakhdhar Brahimi and Salman Ahmed. It cautioned that we risked unlearning the central lesson of the Brahimi Report: that peacekeeping is not a substitute for an effective political process.
Topic:
Conflict Resolution, International Organization, Non-Governmental Organization, and Peace Studies

3777. Providing Aid in Insecure Environments: 2009 Update- Trends in violence against aid workers and the operational response

Author:
Abby Stoddard, Adele Harmer, and Victoria DiDomenico
Publication Date:
04-2009
Content Type:
Policy Brief
Institution:
Center on International Cooperation
Abstract:
In 2008, 260 humanitarian aid workers were killed, kidnapped or seriously injured in violent attacks. This toll is the highest of the 12 years that our study has tracked these incidents. The absolute number of attacks against aid workers has risen steeply over the past three years, with an annual average almost three times higher than the previous nine years. Relative rates of attacks per numbers of aid workers in the field have also increased — by 61%. The 2008 fatality rate for international aid workers exceeds that of UN peacekeeping troops.
Topic:
Security, Political Violence, Human Welfare, Humanitarian Aid, and International Organization

3778. The Future of Peacekeeping Operations: Fighting Political Fatigue and Overstretch

Author:
Richard Gowan
Publication Date:
04-2009
Content Type:
Policy Brief
Institution:
Center on International Cooperation
Abstract:
In the last sixth months, NATO and the UN have both confronted the possibility that their largest individual peace operations may fail. In Afghanistan, NATO troops have struggled to contain the Taliban. In the Democratic Republic of Congo (DRC) the UN was unable to halt rebel attacks that displaced as many as 250,000 people last September.
Topic:
Conflict Resolution, Conflict Prevention, Security, International Cooperation, and Peace Studies
Political Geography:
Taliban and Democratic Republic of the Congo

3779. Options for a Democratic Taiwan

Author:
Kerry Brown
Publication Date:
03-2009
Content Type:
Policy Brief
Institution:
Chatham House
Abstract:
Over the last two decades, as Mainland China has been developing and liberalizing its economy, Taiwan has been undergoing an equally remarkable but very different political transformation, from martial law in 1987 to its current status as one of the most vibrant, stable democracies in Asia. Despite its eventful experience of the democratization process, the parliamentary and presidential elections in 2008 proved that Taiwan is now a mature, and stable, democracy. It has passed the ultimate test, seeing the successful transition of rule from one party to another and back again, without social turmoil. Economic performance over the same period has been less striking. Once among the fastestgrowing economies, Taiwan is now afflicted by a relatively low growth rate, and problems over the outflow of capital and investment to the Mainland. The potential for conflict over cross-straits relations remains but it has been significantly reduced under President Ma and by the Mainland Chinese government's greater accommodation with a democratic Taiwan in the last decade. The risk of a military conflict between the two sides, which could drag in the US, and therefore the rest of the world, cannot be entirely discounted, however. Taiwan's greatest challenges in the next decade remain the same as in the last – to maintain its identity, to develop its democratic system, and to handle relations with the Mainland in a way that preserves its interests while avoiding conflict. Taiwan's system, which has so far proved itself robust and effective, faces a new challenge too: how to benefit from the increase in Mainland investment abroad.
Topic:
Democratization, Economics, and Markets
Political Geography:
United States, China, Israel, Taiwan, and Asia

3780. Africa's New Human Rights Court: Whistling in the Wind?

Author:
Sonya Sceats
Publication Date:
03-2009
Content Type:
Policy Brief
Institution:
Chatham House
Abstract:
Human rights abuses on a massive scale continue to afflict the lives of millions of people across the continent of Africa. As in other parts of the world, the obstacles in pursuing justice are currently insurmountable for most victims. Against this troubling backdrop, the African Union (AU) has decided to add a human rights section to its new court which has been agreed upon but not yet set up. This court is called the African Court of Justice and Human Rights. In the meantime, another pan-African human rights court, the African Court on Human and Peoples' Rights, has recently opened in Arusha, Tanzania. This court will be wound down to make way for the African Court of Justice and Human Rights but is expected to operate for the next few years at least. These two courts represent the third instalment in efforts since the Second World War to create regional human rights courts. Because they have broad powers to enforce socio-economic rights and the collective rights of peoples, they may be setting an example for new developments around the world. This briefing paper focuses on the African Court of Justice and Human Rights, but it also explains key features of the interim African Court on Human and Peoples' Rights. It addresses questions including: Can victims of human rights abuses bring cases? Will the Court be able to try African heads of state? Will governments comply with judgments?
Topic:
Human Rights, Human Welfare, and Torture
Political Geography:
Africa