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61. India — Arms Scandal

Author:
Caspar Fithin
Publication Date:
03-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
On March 15, Defence Minister George Fernandes resigned. Fernandes' resignation follows last week's revelations about cash-for-influence exchanges with journalists posing as arms dealers. Although the Union coalition government is likely to survive the affair, its prestige has been severely damaged. The most serious potential of the Tehelka scandal is the government's loss of the moral authority to forge ahead with its economic reform programme. Opponents of liberalisation, both on the right and the left, are attempting to draw political capital from the affair.
Topic:
Economics, Government, and Politics
Political Geography:
South Asia and India

62. Japan — Monetary Easing

Author:
Caspar Fithin
Publication Date:
03-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The Bank of Japan (BoJ) announced a new approach to monetary policy which effectively targets money supply growth and inflation on March 19. The BoJ has indicated that the immediate consequence of its measures to boost financial system liquidity will be to push short-term interest rates back to zero or virtually zero. It has pledged to maintain rates at this level until deflationary pressures are reversed and the consumer price index becomes positive. The BoJ's actions have the potential to lead to a revival in share prices, corporate activity and bank lending. If the initiative results in a sustained weakening of the yen, the economy may also benefit from stronger export growth. However, the effect of all of these measures will be blunted unless they are accompanied by the structural reforms which the government has for some time foreshadowed, but which have suffered from delay and indecision.
Topic:
Economics, Government, and International Trade and Finance
Political Geography:
Japan and East Asia

63. Indonesia — Kalimantan Consequences

Author:
Caspar Fithin
Publication Date:
03-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
President Aburrahman Wahid yesterday visited Central Kalimantan, the scene of violent clashes between local Dayaks and Madurese settlers. The crisis has its origins in the ill-conceived transmigration policies of the Suharto era. Despite its localised and specific nature, there is a significant risk that it will embolden other outer-island communities to move more decisively against non-indigenous sections of local populations. This would place further strains on the thinly-stretched security forces. With Wahid's authority already weakened, the crisis in Central Kalimantan will strengthen the position of hard-line elements in the military who are opposed to the president. Nonetheless, Megawati's ability to gain political capital will be limited by the fact that she herself has a leading role in formulating policy towards the regions.
Topic:
Conflict Resolution, Ethnic Conflict, Government, Migration, and Politics
Political Geography:
Indonesia and Southeast Asia

64. Moldova — Communist Government

Author:
Caspar Fithin
Publication Date:
03-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The Party of Moldovan Communists (PCM) has won full control over parliament following the February 25 general election. The decisive result has broken the country's political stalemate and allows the PCM to select the president, premier and parliamentary speaker without needing to form a coalition in the chamber. However, uncertainties over the PCM's economic policy and political priorities persist. While the PCM has a monopoly on power, this could be undermined by continued economic decline, internal party splits and a nationalist backlash against its pro-Russian orientation. The PCM will seek allies in domestic politics, and will seek to find the external partner, whether Russia or the IFIs, best able to assist in the long-term revival of the economy.
Topic:
Communism, Government, Political Economy, and Politics
Political Geography:
Moldova and Eastern Europe

65. Indonesia — Wahid Reprieve

Author:
Caspar Fithin
Publication Date:
03-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The past month has seen an escalation of elite political conflict in Jakarta, with enemies of President Abdurrahman Wahid engineering an investigation into allegations that he was involved in two financial corruption scandals. This investigation culminated in the endorsement by a majority of members of the House of Representatives on February 1 of a 'memorandum' concluding that the president was indeed implicated in corruption and demanding that he account for his actions. Many opposition legislators also called for the convening of a special session of the People's Consultative Assembly (MPR), the 700-member supra-parliamentary body which elected Wahid as president in October 1999 and has sole power to remove him.
Topic:
Government and Politics
Political Geography:
Indonesia and Southeast Asia

66. United States — Bush Administration

Author:
Caspar Fithin
Publication Date:
02-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
A combination of good fortune and some skilful planning have allowed the Bush administration to make a successful start in office. These factors will probably allow the president to pursue much of his agenda effectively this year. However, difficulties will be encountered once Washington politics becomes preoccupied by the 2002 congressional elections.
Topic:
Government and Politics
Political Geography:
United States and Washington

67. Israel — Sharon Victory

Author:
Caspar Fithin
Publication Date:
02-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
Likud leader Ariel Sharon's resounding victory in last Tuesday's election for prime minister has produced a chaotic political situation. The Knesset is likely to remain as dysfunctional as it was before the election campaign and Sharon will face immense difficulties in his attempts to form a government and pass the budget. Even should he succeed, it is possible that the government will fall before the next scheduled election, and that he will face a credible challenge from former prime minister Binyamin Netanyahu.
Topic:
Government and Politics
Political Geography:
Middle East and Israel

68. Ukraine — Kuchma Cornered

Author:
Caspar Fithin
Publication Date:
02-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
Opposition deputies, led by former justice minister Serhiy Holovatiy, have called on President Leonid Kuchma to resign over his alleged involvement in the murder of a journalist. The scandal has provoked popular protests and divided Kuchma's non-left majority in parliament, although the work of the reformist government has not been adversely affected. The case has highlighted the absence of the rule of law and the executive's control over supposedly independent state organs. Kuchma's fate depends on his ability to retain the support of oligarchic interests, some of which have already defected. His departure would enable the popular Yushchenko to campaign for the presidency while enjoying the benefits of incumbency, albeit in a temporary capacity.
Topic:
Government and Politics
Political Geography:
Ukraine and Eastern Europe

69. United Kingdom — Mandelson Departure

Author:
Caspar Fithin
Publication Date:
02-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
Secretary of State for Northern Ireland, Peter Mandelson, resigned in acrimonious circumstances last week. Mandelson was a key figure in the reconstruction of the Labour Party in the 1990s and the most prominent partisan of early euro entry in the UK cabinet. While Mandelson's departure will be felt within the Labour Party and comes at a critical time in the Northern Ireland peace process, the most substantial impact is likely to be on the internal debate within the cabinet over euro-area entry, with the consequence of a diminishing likelihood of an early referendum on the issue.
Topic:
Government, International Trade and Finance, and Politics
Political Geography:
United Kingdom and North Ireland

70. Philippines — Macapagal-Arroyo Elevation

Author:
Caspar Fithin
Publication Date:
01-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
Newly inaugurated President Gloria Macapagal-Arroyo installed herself in Manila's Malacanang presidential palace on January 22. Macapagal-Arroyo's elevation from vice-president to president represents the culmination of a long campaign by opposition politicians and civic figures to unseat Joseph Estrada from the presidency. While Macapagal-Arroyo's administrative style is likely to differ markedly from her predecessor, her accession also represents the return to political prominence of elite groups closely associated with the presidencies of Corazon Aquino and Fidel Ramos. The ouster of Estrada significantly diminishes the political and economic uncertainty and instability which has plagued the country for several months. However, as the euphoria of 'people power' fades, factional politics within the new administration, and the regrouping of pro-Estrada forces in a new opposition, are likely to present Macapagal-Arroyo with significant challenges.
Topic:
Government and Politics
Political Geography:
Philippines and Southeast Asia