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31. Whole, free and integrated? A Transatlantic Perspective on the European Neighbourhood

Author:
Fabrizio Tassinari
Publication Date:
06-2007
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
Since the end of the cold war until 2004, the United States and the European Union held largely complementary views towards the European neighbourhood. Washington's foreign policy mantra was that of a Europe 'whole and free', where the dividing lines inherited from the cold war were to dissolve through the gradual inclusion of Central and Eastern Europe in the Euro-Atlantic family of nations. The EU concomitantly focused on its enlargement strategy, which ensured that the transition of the former communist countries would be benchmarked and monitored, in order to attain the ultimate goal of their full integration into the EU.
Topic:
International Relations and Regional Cooperation
Political Geography:
United States and Europe

32. Political Islam and Europe – Views from the Arab Mediterranean states and Turkey

Author:
Robert Springborg
Publication Date:
04-2007
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
The social, political and economic power of moderate Middle East and North African Islamist movements has been growing for a generation or so. The question of how to deal with Islamists who reject violence, embrace democracy and outperform their competitors at the polls has therefore become a central concern not only of incumbent Middle East elites, but also of interested foreign actors such as the EU and US. Robert Springborg sees the need for the EU to clarify its policies towards the MENA region and Muslim democrats within it. The present lack of EU policies on engaging with moderate Islamists leads them to be at best curious about the EU and at worse to be suspicious of it. Engagement might itself help to contribute to policy formation in this important area, and serve as a vehicle to disseminate information about relevant EU policies.
Topic:
Politics and Religion
Political Geography:
United States, Europe, Turkey, Middle East, Arabia, Arab Countries, and North Africa

33. Fixing the Services Directive

Author:
Stefano Micossi
Publication Date:
04-2006
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
In the spring of 2004, the European Commission approved a draft Directive on Services in the Internal Market and sent it to the Council and the European Parliament. The proposal is the cornerstone of the ailing Lisbon strategy to revive growth and jobs in the European Union: services account for 70% of GDP and employment in advanced countries, and their performance is a main determinant of overall productivity and employment growth. In the European Union, the markets for services are still organised along national lines, cross border trade remains relatively underdeveloped and competition is scarce. The productivity gap with the United States is largely explained by these obstacles.
Topic:
Economics, International Cooperation, and Regional Cooperation
Political Geography:
United States, Europe, and Lisbon

34. Confidence through Compliance in Emissions Trading Markets

Author:
Christian Egenhofer and Joe Kruger
Publication Date:
04-2006
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
Emissions trading is a market-based mechanism designed to allow firms to choose the most cost effective strategy to meet environmental standards. The success of SO2 and NOx emissions trading systems in the United States and the launch of the ambitious European Union Emissions Trading System (EU ETS) underscore the value of emissions trading as a tool for environmental policy.
Topic:
Economics, Environment, and International Cooperation
Political Geography:
United States and Europe

35. The US Administration's 'Advanced Energy Initiative': New programmes and more funding or old programmes and less funding?

Author:
Thomas L. Brewer
Publication Date:
03-2006
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
The Bush administration's announcement of an 'Advanced Energy Initiative' poses challenges for the international climate change agenda as well as the US domestic energy policy agenda. The proposal is politically significant because it has altered the terms of reference in the domestic discourse about US energy and climate policy. However, while it proposes proportionately large increases in the funding levels of some programmes, it also suggests only marginal changes in several current programmes and proposes reductions or even the elimination of others.
Topic:
Economics, Energy Policy, and Environment
Political Geography:
United States

36. Security Implications of Russian Energy Policies

Author:
Keith C. Smith
Publication Date:
01-2006
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
Russia's tough stance towards Ukraine on natural gas prices was viewed by many in Europe and the United States as raising new issues concerning Russia's foreign economic policies and growing European and US dependency on energy imports. For many new EU member states and for countries such as Ukraine, Georgia, and Moldova, however, this is an old problem. Central European attempts to flag the issue in Western capitals have until now been brushed aside. The rapid approval by the EU Commission of the Russian-German undersea gas pipeline project was a mistake. The concerns of the Central Europeans should have been examined in more detail. Western governments would also be wise to analyse more closely the political and security implications of Russia's energy policies.
Topic:
Security, Foreign Policy, and Energy Policy
Political Geography:
Russia, United States, Europe, Ukraine, Asia, and Germany

37. Foreign Investment in the US (I): Disappearing in a black hole?

Author:
Daniel Gros
Publication Date:
04-2006
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
The US international investment position today should in principle be equal to the sum of past current account balances (mostly deficits). However, this is by far not the case even taking into account the balancing item 'errors and omissions'. Between 1982 and 2004, the US has accumulated a grand total of around $4.5 trillion (thousand billion). (The sum of current account deficits has been about $1 trillion smaller than the amount of net sales of US assets to the rest of the world because of the anomaly in reinvested earning.) Despite this accumulation of deficits the US net international debtor position (IIP) has deteriorated 'only' by $2.7 billion (and is now estimated – at the end of 2004, end 2005 figures are not yet available for the US IIP – at 'only' around $2.5 trillion). This implies a total of 'unearned' gains to the US of around $1.8 trillion during 22 years. The quite detailed data available for a somewhat shorter period (1989-2004) show that only a very small part of this sum, around 10-20%, can be explained by exchange rate and stock market changes.</p
Topic:
International Relations and International Trade and Finance
Political Geography:
United States

38. Foreign Investment in the US (II): BEING TAKEN TO THE CLEANERS?

Author:
Daniel Gros
Publication Date:
04-2006
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
The income account of the US balance of payments has so far remained in surplus because of a very large differential in reported earnings on direct investment – US firms seem to enjoy a much higher rate of return than foreign firms in the US. There is little difference in terms of the rate of dividend payments; the difference is due to what is called 'reinvested earnings' (earnings minus dividends). Foreign firms report almost no reinvested earnings on their direct investment in the US whereas US firms report substantial reinvested earnings from their direct investment abroad, on average over $100 billion more p.a. than foreign firms report on their US investment. This anomaly is probably due to the desire of foreign firms to minimise their US taxes, whereas US firms do not face tax liabilities if they report high foreign profits to the US authorities. The procedure used to generate the data for reinvested earnings thus has a built-in bias to improve the US current account and – over time – its international investment position. The true picture is likely to be much worse.</p
Topic:
International Relations and International Trade and Finance
Political Geography:
United States

39. Industry Location and Climate Change Policy-Making in the United States

Author:
Thomas L. Brewer
Publication Date:
11-2005
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
Within the United States, the locations of carbon intensive industries have important implications for climate policy. This paper examines the state level and regional patterns in the distributions of key industries – coal, oil gas and autos – and their implications for US climate policy-making. It concludes that the coal industry has a disproportionate impact on climate policy because of the distorting effect of the role of a few key coal states in national elections. The analysis is presented in the context of a 'pluralistic political economy' analytical model of the US economy and political system.
Topic:
Energy Policy, Environment, and Industrial Policy
Political Geography:
United States

40. Technology in a Post-2012 Transatlantic Perspective

Author:
Christian Egenhofer
Publication Date:
11-2005
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
The EU and the US have found themselves supporting two polar views on which strategy is the most effective in achieving stabilisation of greenhouse gas (GHG) emissions: 'market pull' vs 'technology push'. As an advocate of the latter, the US asserts that the principal emphasis should be on technology development, financed through typical public R programmes. It argues that it would be preferable to invest in the short term in R and to adopt emissions limitations later, when new technologies will have lowered the cost of limiting GHG emissions. In supporting the 'market-pull' approach, the EU argues that technological change is an incremental process emanating primarily from business and industry, induced by government incentives. According to this logic, profit-seeking firms will respond with technological innovation.
Topic:
Development and Science and Technology
Political Geography:
United States and Europe