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6611. "Animal Spirits" and Policy Stimulants

Author:
John H. Makin
Publication Date:
12-2003
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
The policy stimulants administered in very large doses to the U.S. economy at midyear are wearing off fast. China's boom, while not ending, is cooling. The result of those two facts will be U.S. growth of 3 percent or less in the final quarter of this year and the first quarter of next before tax rebates kick in to provide a lone quarter of 4 percent growth next spring. Then it will be back to 3 percent, plus or minus half a percent, in the second half of 2004 as the boost from tax cuts fades, provided stock markets hold up.
Topic:
Economics, International Trade and Finance, and Political Economy
Political Geography:
United States and China

6612. The World Economy after Dubai

Author:
John H. Makin
Publication Date:
11-2003
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
The outlook for the global economy has become clouded since the September annual meetings of the International Monetary Fund and World Bank in Dubai. Going into the meetings, views were broadly optimistic, tied to the familiar, reassuring sense of a recovering U.S. economy, the prospect of rising exports, and a firm dollar. America, an oasis of firmer demand growth in a desert of global excess capacity, was back— again, for the second time since the bubble economy burst in March 2000. Only this time, it was for real, not like the false, post-9/11 recovery that fizzled out in the spring of 2002. Or, so it seemed.
Topic:
Economics, International Trade and Finance, and Political Economy
Political Geography:
United States, America, and Dubai

6613. Time to Shut Down the PKK: Why the United States and Turkey Should Work Together

Author:
Soner Cagaptay
Publication Date:
09-2003
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
A U.S. government team is in Ankara today for talks with members of the Turkish military and intelligence services regarding the future of the Kurdistan Workers Party (PKK), an organization on the State Department's Foreign Terrorist Organization (FTO) list. On September 2, 2003, the PKK, whose past attacks have cost Turkey 35,000 lives, renounced a unilateral ceasefire it had declared in February 2000. This is a dangerous development for three reasons. First, PKK violence could throw Turkey back into the political maelstrom of the 1990s, and it is in Washington's best interests to help preserve democratic Turkey's stability. Second, if the PKK attacks Turkey from U.S.-controlled northern Iraq, where it has an estimated 4,000-5,000 terrorists, this could put Washington and Ankara at loggerheads. Third, Turkey considers joint action against the PKK a sine qua non for U.S.-Turkish cooperation in Iraq; it is unlikely that Ankara will send troops to Iraq unless the PKK issue is tackled. Given all of these reasons, the threat that the PKK poses to U.S. national interests is now at such a level that the organization is a legitimate target in the war on terror. Therefore, it is time to take action against the PKK.
Topic:
Security and Religion
Political Geography:
United States, Iraq, Washington, Turkey, and Middle East

6614. Arrows for India?

Author:
Richard Speier
Publication Date:
09-2003
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
When Israeli prime minister Ariel Sharon visits India on September 9-11, he is likely to explore the possible sale of Israeli Arrow antiballistic missiles to New Delhi. The United States, which has provided funds and technology for the Arrow since 1986, has a veto right over sales to third parties. U.S. approval of a sale to India would offer both advantages and disadvantages.
Topic:
Security and Religion
Political Geography:
United States, Middle East, India, Israel, New Delhi, and Arabia

6615. Gaining Support for Action on Iran's Nuclear Program

Author:
Patrick Clawson
Publication Date:
08-2003
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
The International Atomic Energy Agency (IAEA), whose report about Iran leaked out yesterday, will soon have to decide whether to declare Iran noncompliant with its obligations under the Treaty on the Nonproliferation of Nuclear Weapons (NPT). What the world does about Iran's nuclear program will largely determine the future of efforts to prevent the proliferation of weapons of mass destruction (WMD).
Topic:
Security and Religion
Political Geography:
Iran, Washington, Middle East, and Arabia

6616. Shi'i Opposition in Iraq: An Emerging Challenge

Author:
Jeffrey White and Michael Schmidmayr
Publication Date:
08-2003
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
Riots last week in Baghdad and Basra raised questions about Shi'i opposition to the Coalition Provisional Authority (CPA). While the Shi'i community has been relatively quiet compared to the Sunni population, elements of the Shi'i have adopted a consistent position against the CPA, occupation forces, and the appointed Governing Council. If they deem it necessary, those opposed to occupation have the means and motives to move to armed resistance, which would pose a substantial threat to the coalition.
Topic:
Security and Religion
Political Geography:
Iraq, Washington, Middle East, and Arabia

6617. Turkish Water to Israel?

Author:
Ayca Ariyoruk
Publication Date:
08-2003
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
A Turkish delegation is expected to be in Israel within the next few weeks, perhaps as early as August 20, to sign an agreement committing Israel to buy 50 million cubic meters (mcm) of water annually from Turkey for the next twenty years. Once the operational details -- price, timeline, and transportation methods -- are worked out, Turkish water will flow to Israel via purpose-built supertankers.
Topic:
Security and Religion
Political Geography:
Turkey, Middle East, Israel, and Arabia

6618. European Union Reforms Diminish the Role of the Turkish Military: Ankara Knocking on Brussels' Door

Author:
Soner Cagaptay
Publication Date:
08-2003
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
On August 8, 2003, the seventh European Union (EU) reform package went into effect in Turkey, significantly curbing the role of the military in politics. This legislation, passed by the Justice and Development Party (AKP) government on August 4, follows six previous packages adopted since February 2002. Collectively, these reform measures have vastly liberalized the country's political system, facilitating Kurdish broadcasting and education, abolishing the death penalty, and subjecting Turkish courts to the European Court of Human Rights. Turkey now has laws guaranteeing freedom of speech, and the military is no longer the kingmaker in Ankara. As a result, AKP -- a self-styled "conservative democratic" party with an identifiable "Islamist pedigree" -- anticipates that Turkey will pass muster when Brussels reviews its candidacy for EU membership in June 2004. Ankara hopes that the EU will establish an accession calendar, opening the way for Turkey's eventual entry into the union, perhaps within the next decade. These developments are crucial to Turkey's future. Which path will the country take now that the military is stripped of its role as a decisionmaking body? Will the EU open its doors to Turkey?
Topic:
Security and Religion
Political Geography:
United States, Europe, Washington, Turkey, Middle East, and Arabia

6619. Budgetary Predictions Cast Doubt on Rapid Iraqi Reconstruction

Author:
Michael Knights
Publication Date:
08-2003
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
If Iraq is to rebuild its infrastructure and restore its economy at the pace forecast by the Coalition Provisional Authority (CPA), it will need to bridge a major near-term financing gap by increasing capital inflows from outside the country and simultaneously improving its ability to absorb aid and investment. Oil revenues projected by the CPA budget through 2004 are overly optimistic, and Iraq's capacity to meet the levels of expenditure outlined in the budget are questionable. Without multilateral funding and much improved security and investment environments, Iraqi economic recovery is likely to develop at a slower pace than anticipated.
Topic:
Security and Religion
Political Geography:
Iraq, Middle East, and Arabia

6620. Assessing the Iraqi Sunni Resistance

Author:
David Hodges
Publication Date:
08-2003
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
Since President George W. Bush declared an end to "major combat operations" in Iraq on May 1, coalition forces have repositioned themselves to deal with the emerging resistance in Iraq. Although many attacks on the coalition have taken place in Baghdad, 90 percent are occurring in the so-called "Sunni triangle," located north and northwest of the capital, according to Chairman of the Joint Chiefs of Staff Gen. Richard Myers.
Topic:
Security and Religion
Political Geography:
Iraq, Middle East, and Arab Countries