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1291. Arctic Security Order: Collective Security, Collective Defense, or Something New?

Author:
Sten Rynning
Publication Date:
03-2014
Content Type:
Journal Article
Journal:
Journal of Military and Strategic Studies
Institution:
Centre for Military, Security and Strategic Studies
Abstract:
The melting of ice in the Arctic has mobilised considerable analytical interest in the region. New resources such as minerals, fisheries, and oil and gas, as well as new sea lines of communication become available, promising to connect Asia and the Atlantic more intimately and efficiently. On this, there is widespread agreement. The implications are more difficult to gauge, though, as the underlying order is in flux. It is not clear what kind of era this opening of the Arctic is heralding.
Topic:
Communications
Political Geography:
Asia and Atlantic Ocean

1292. The Road to 2014: Corruption, the Media and Parties' Electability

Publication Date:
02-2014
Content Type:
Working Paper
Institution:
Centre for Non-Traditional Security Studies, S. Rajaratnam School of International Studies
Abstract:
Corruption has become a perennial issue that has shackled political parties to a groundswell of unpopularity in Indonesia. In the run up towards the 2014 General Elections, it is envisaged that such an issue may jeopardise the electability of certain political parties. This report explores the influence of corruption cases on the elections by first highlighting the current status of competing political parties in the 2014 elections. The report then looks at the notable corruption cases that have an adverse effect on the political parties. The report concludes with four points. First, how utilising the "corruption-card" has become the new weapon of choice among political parties. Second, how the acute problem of corruption signifies that Indonesia's democratic consolidation process is far from over. Third, how shadowy affairs between political parties, their elites and the media can and should be constantly monitored. Lastly, the need to strengthen and continuous evaluation of the Corruption Eradication Committee (KPK) to prevent unnecessary interventions by political parties in the future.
Topic:
Corruption, Democratization, Development, Political Economy, and Governance
Political Geography:
Indonesia and Asia

1293. China invests (somewhat) more in the world

Author:
Derek M. Scissors
Publication Date:
01-2014
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
New data published in the American Enterprise Institute-Heritage Foundation China Global Investment Tracker show that China continues to invest heavily around the world. Outward investment excluding bonds stood at $85 billion in 2013 and is likely to reach $100 billion annually by 2015. Energy, metals, and real estate are the prime targets. The United States in particular received a record of more than $14 billion in Chinese investment in 2013. Although China has shown a pattern of focusing on one region for a time then moving on to the next, the United States could prove to be a viable long-term investment location. The economic benefits of this investment flow are notable, but US policymakers (and those in other countries) should consider national security, the treatment of state-owned enterprises, and reciprocity when deciding to encourage or limit future Chinese investment.
Topic:
Security, Foreign Policy, Development, Economics, Emerging Markets, International Trade and Finance, Foreign Direct Investment, and Sovereign Wealth Funds
Political Geography:
United States, China, and Asia

1294. Compounding Uncertainty in Afghanistan: Economic Consequences of Delay in Signing the Bilateral Security Agreement

Author:
Casey Garret Johnson, William A. Byrd, and Sanaullah Tasal
Publication Date:
02-2014
Content Type:
Policy Brief
Institution:
United States Institute of Peace
Abstract:
The still unsigned Bilateral Security Agreement (BSA) between Afghanistan and the United States provides the legal basis for continuing U.S. military presence in Afghanistan. In addition to its substantive importance, the BSA is also a confidence-building mechanism. The delay in putting it in place is compounding uncertainty and further diminishing economic confidence during Afghanistan's already challenging and uncertain transition. Afghans' responses include, among others, hedging behavior (legal and illegal), personal decisions on whether to come back to or stay in Afghanistan, delays in investments, incipient job losses, declining demand for goods and services and real estate prices, and farmers planting more opium poppy.
Topic:
Defense Policy, Democratization, Development, Treaties and Agreements, Insurgency, and Bilateral Relations
Political Geography:
Afghanistan, United States, and Asia

1295. The Taliban's View of the 2014 Elections

Author:
Michael Semple
Publication Date:
01-2014
Content Type:
Policy Brief
Institution:
United States Institute of Peace
Abstract:
The Afghan Taliban Movement has publicly rejected the legitimacy of the April 2014 elections. The Taliban's military leadership has issued instructions to officials and commanders to disrupt the elections but has left field commanders with wide discretion on how to go about doing so. Many in the Taliban follow the electoral contest closely and comment on developments in terms very similar to how they are described by the political and educated class in Kabul. However, the anti-election sentiment in the Taliban leaves no scope for any faction to cooperate with the process. The Taliban will likely be able to intensify violence approaching the election, but not sufficiently to derail the overall process.
Topic:
Conflict Resolution, Democratization, Development, Islam, Armed Struggle, Counterinsurgency, and Governance
Political Geography:
Afghanistan and Asia

1296. Brazil's Strategic Leap Forward

Author:
Thomas Shannon Jr.
Publication Date:
03-2014
Content Type:
Journal Article
Journal:
Americas Quarterly
Institution:
Council of the Americas
Abstract:
During their meeting in Brazil in March last year, U.S. President Barack Obama and Brazilian President Dilma Rousseff discussed a plan to send 101,000 Brazilian students overseas to study science, engineering, mathematics, and technology-based disciplines. Announced soon after, the initiative, Science Without Borders, has signaled President Rousseff's interest in marking her tenure by building a gateway for her country to the twenty-first century. Just before their tête-à-tête, Obama had announced his own plans to send 100,000 American students to Asia and promised to unveil a similar initiative for Latin America in Santiago, Chile—the next stop on his 2011 Latin America tour. During their Brasília meeting, both leaders talked about the importance of using education to improve national science and engineering capacity to drive economic development, promote social mobility and enhance innovation.
Political Geography:
United States, Asia, and Brazil

1297. Reforming the International Monetary System in the 1970s and 2000s: Would an SDR Substitution Account Have Worked?

Author:
Robert N. McCauley and Catherine R. Schenk
Publication Date:
02-2014
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
This paper analyzes the discussion of a substitution account in the 1970s and how the account might have performed had it been agreed in 1980. The substitution account would have allowed central banks to diversify away from the dollar into the IMF's Special Drawing Right (SDR), comprised of US dollar, Deutschmark, French franc (later euro), Japanese yen and British pound, through transactions conducted off the market. The account's dollar assets could fall short of the value of its SDR liabilities, and hedging would have defeated the purpose of preventing dollar sales. In the event, negotiators were unable to agree on how to distribute the open-ended cost of covering any shortfall if the dollar's depreciation were to exceed the value of any cumulative interest rate premium on the dollar. As it turned out, the substitution account would have encountered solvency problems had the US dollar return been based on US treasury bill yields, even if a substantial fraction of the IMF's gold had been devoted to meet the shortfall at recent high prices for gold. However, had the US dollar return been based on US treasury bond yields, the substitution account would have been solvent even without any gold backing.
Political Geography:
United States and Asia

1298. The Democratic Party Convention and Yudhoyono's Possible Game Plan

Publication Date:
03-2014
Content Type:
Working Paper
Institution:
Centre for Non-Traditional Security Studies, S. Rajaratnam School of International Studies
Abstract:
The Democratic Party (PD) – the incumbent party that won a majority sweep in the 2009 general elections, conferring Yudhoyono his second presidency – is now experiencing a dramatic reversal of fortunes. The party's electability rate has dipped significantly from its heyday peak of 21 per cent in 2009 to a meagre 7 per cent in 2013. A convention based on democratic proceedings ha s been hatched as part of a last - ditched effort by PD with the express purpose of generating the requisite publicity before legislative elections commence in order to restore confidence among its voters. While the convention has been proceeding apace, its impact on the electorate and on the image of the party as a whole has been disappointing. This report analyses the reasons why PD's novel attempt at a democratic convention failed to rejuvenate the party like its predecessor the Golkar party did a decade a go. Included in the analysis are scenario analyses of the various outcomes of the convention, given the plausible choices that party Chairman Susilo Bambang Yudhoyono may take in consideration of the current dire status of PD.
Topic:
Democratization, Development, Islam, Political Economy, and Governance
Political Geography:
Asia

1299. ASEAN Centrality and the ASEAN-US Economic Relationship

Author:
Peter A. Petri and Michael G. Plummer
Publication Date:
03-2014
Content Type:
Policy Brief
Institution:
East-West Center
Abstract:
ASEAN has become a focal point of the rapidly changing economic architecture of the Asia-Pacific region. ASEAN members are increasingly stable and politically confident, and constitute an emerging economic powerhouse. The region is dynamic, with 600 million citizens and a gross domestic product (GDP) that exceeds $2 trillion and is expected to grow 6 percent annually for the next two decades. (The Appendix at the end of this paper reports detailed output and trade projections to 2025.) Through deeper internal integration via the ASEAN Economic Community (AEC) and external initiatives such as the Regional Comprehensive Economic Partnership (RCEP), ASEAN is becoming a driving force in regional cooperation and a much-courted economic partner. The AEC and the RCEP projects are globally significant: the AEC could generate powerful demonstration effects for other developing regions, and the RCEP could become an important building bloc of the multilateral trading system.
Topic:
Security, Economics, International Trade and Finance, and Markets
Political Geography:
United States, East Asia, Asia, and Asia-Pacific

1300. The India-Australia Strategic Relationship: Defining Realistic Expectations

Author:
Frédéric Grare
Publication Date:
03-2014
Content Type:
Working Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
Mutual indifference has long characterized relations between India and Australia, but the two countries' interests are increasingly converging. In particular, New Delhi and Canberra are both wary of China's growing assertiveness in the Asia-Pacific region. Yet there are several constraints hindering the development of a strong India-Australia partnership, and both countries need to be realistic about the prospects for a closer strategic relationship.
Topic:
Security, Foreign Policy, Defense Policy, and Bilateral Relations
Political Geography:
China, Asia, New Delhi, Australia, and Canberra