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1. Lessons for Generating Government Revenue for New and Prospective Liquefied Natural Gas Producers

Author:
Thomas Lassourd, Amir Shafaie, and Thomas Scurfield
Publication Date:
12-2019
Content Type:
Policy Brief
Institution:
Natural Resource Governance Institute
Abstract:
The market for liquefied natural gas (LNG) is changing fast, with increasing demand, new sources of supply, and a growing spot market. Over the last decade (2008 to 2018), LNG prices in the three main markets of North America, Western Europe and East Asia have diverged significantly at times, creating arbitrage opportunities for sellers. This briefing presents two case studies of developing countries that have faced challenges in securing public revenue from their natural gas industries. Trinidad and Tobago and Peru offer two examples of developing countries that faced challenges in maximizing government revenue from LNG sales during that time. Although LNG markets are evolving, these examples offer lessons for new and prospective LNG producers, especially in sub-Saharan Africa. A key area (and the focus of this briefing) is the valuation of LNG sales and the corresponding impact on government revenues. Governments should pay close attention to LNG project structure and the long-term LNG sale and purchase agreements between LNG producers and offtakers, especially when they are related companies. Governments should push for these agreements to maximize the price flowing back to the LNG plant and the upstream producer and should favor project structures that facilitate this. In particular, the practice of diverting LNG cargos to more lucrative export markets than the ones initially designated in offtake agreements should be regulated and monitored by governments to balance the financial incentives to LNG sellers with the interests of LNG-exporting countries. This will become increasingly important as the market becomes more liquid and sellers have more options.
Topic:
Government, Gas, Tax Systems, Commodities, and Revenue Management
Political Geography:
South America, Caribbean, Peru, and Trinidad and Tobago

2. Women's Rights U.S. Foreign Policy

Author:
Melanne Verveer
Publication Date:
03-2014
Content Type:
Journal Article
Journal:
Americas Quarterly
Institution:
Council of the Americas
Abstract:
When I attended the first Summit of the Americas in Miami in 1994, only two female heads of state represented their countries: Dominica and Nicaragua. This past April at the Sixth Summit of the Americas in Cartagena, Colombia, five of the presidents and prime ministers representing the 33 participating countries were women: from Argentina, Brazil, Costa Rica, Jamaica, and Trinidad and Tobago. Their presence was an important example of the progress the hemisphere—and its women—have made. In fact, the region continues to make progress in a variety of areas. Latin America and the Caribbean are tackling ongoing challenges head-on, including promoting girls' education, improving women's and girls' health, facilitating women's political participation, and expanding women's economic opportunities. Governments throughout the hemisphere are increasingly recognizing that no country can get ahead if it leaves half of its people behind.
Topic:
Foreign Policy, Economics, and Government
Political Geography:
America, Brazil, and Caribbean

3. Court reform in Mexico — Central America's border squabbles — the Pacific Alliance

Author:
Jose Antonio Caballero
Publication Date:
04-2014
Content Type:
Journal Article
Journal:
Americas Quarterly
Institution:
Council of the Americas
Abstract:
Judiciary: The Courts in Mexico BY JOSÉ ANTONIO CABALLERO The steady process of change in judicial organizations in Mexico, which began in the mid-1990s, was given a major boost in the past few years with four constitutional amendments. The most significant is a 2008 amendment requiring that all state and federal judicial systems transition from a written-based inquisitorial system to an oral-based accusatorial one by 2016. This will bring greater transparency while better protecting the rights of the accused and allowing for the presumption of innocence until proven guilty. Halfway into the transition phase, though, the processes' slow implementation poses a risk that states won't meet the 2016 deadline.
Topic:
Government
Political Geography:
Colombia, Central America, Caribbean, and Mexico

4. Cuba's bid for foreign investment — The Pacto por México — The Canada-EU Trade Agreement.

Author:
Duncan Wood, Marc Frank, and John Parisella
Publication Date:
05-2014
Content Type:
Journal Article
Journal:
Americas Quarterly
Institution:
Council of the Americas
Abstract:
Cuba: Port Upgrades and Free-Trade Zones BY MARC FRANK When Latin American and Caribbean heads of state gather in Cuba in January 2014 for the Comunidad de Estados Latinoamericanos y Caribeños (Community of Latin American and Caribbean States— CELAC) summit, the agenda will include a side trip to Mariel Bay. There, Brazilian President Dilma Rousseff and Cuban President Raúl Castro will cut the ribbon on a brand new container terminal that Cuba hopes will replace Havana as the country's principal port. Brazil financed more than two-thirds of the $900 million project, built in partnership with Brazilian construction company Odebrecht over six years—providing $670 million in loans for terminal construction and infrastructure development such as rail and road. The facility, with an initial capacity of 850,000 to 1 million containers, will be operated by Singaporean port operator PSA International. The Mariel Bay facility, located 28 miles (45 kilometers) west of the capital on the northern coast, was built to attract traffic from the larger container ships expected to traverse the Panama Canal in 2015. It could also serve as a major transfer point for cargo heading to other destinations. But the competition is already fierce. The Dominican Republic, Jamaica, the Bahamas, and Panama are all rushing to improve their port facilities.
Topic:
Development and Government
Political Geography:
Europe, Canada, Cuba, Latin America, and Caribbean

5. The Hemisphere's Spaghetti Bowl of Free-Trade Agreements

Author:
José Raúl Perales
Publication Date:
05-2012
Content Type:
Journal Article
Journal:
Americas Quarterly
Institution:
Council of the Americas
Abstract:
The hemisphere's free-trade agreements-and how to untangle them.
Topic:
Development, Economics, and Government
Political Geography:
Canada, Latin America, Caribbean, and Mexico

6. Much in Common

Author:
Zhang Mingde
Publication Date:
10-2012
Content Type:
Journal Article
Journal:
Americas Quarterly
Institution:
Council of the Americas
Abstract:
A senior Shanghai scholar says China poses no threat to the region.
Topic:
Development and Government
Political Geography:
China, Latin America, and Caribbean

7. Planting Now (2nd Edition): Revitalizing agriculture for reconstruction and development in Haiti

Author:
Tonny Joseph
Publication Date:
10-2012
Content Type:
Policy Brief
Institution:
Oxfam Publishing
Abstract:
The devastating earthquake that struck Haiti on January 12, 2010 exacerbated the country's grinding poverty and serious development problems, while at the same time worsening Haitian living conditions. The tremor killed over 250,000 people and injured 300, 000. It crippled the economy, causing losses estimated at almost 120 percent of gross domestic product (GDP). Nevertheless, economic growth is expected to rise between 7 and 9 percent in 2012, largely owing to reconstruction efforts. The population in internally displaced persons camps has decreased from 1.5 million to around 390,000 (according to the June 2012 report of the International Organization for Migration), and the country's hurricane preparedness capacity has increased.
Topic:
Agriculture, Development, Gender Issues, Government, Food, and Fragile/Failed State
Political Geography:
Caribbean and Haiti

8. Charticle: The Bolivarian Alternative

Author:
Joel Hirst
Publication Date:
06-2011
Content Type:
Journal Article
Journal:
Americas Quarterly
Institution:
Council of the Americas
Abstract:
What is ALBA and what does it do? A guide to President Chávez and Fidel Castro's regional project.
Topic:
Security and Government
Political Geography:
Colombia, Caribbean, Venezuela, and Ecuador

9. The International Dimensions of Authoritarian Legitimation: The Impact of Regime Evolution

Author:
Bert Hoffmann
Publication Date:
12-2011
Content Type:
Working Paper
Institution:
German Institute of Global and Area Studies
Abstract:
While traditional theories of legitimacy have focused on the nation-state, authoritarian regimes and democracies alike seek legitimation not only in the domestic realm but also from international sources. This paper argues that the degree to, and the form in, which they do so depend on the regime's origins, characteristics, and evolution, rather than being mere consequences of changes in the international context. Empirically, the paper draws on the case of the Cuban regime since the 1959 revolution. In particular, it analyzes how the regime's transition from a charismatic to a bureaucratic model of state socialism in the post-Fidel succession era led to a reconfiguration in the regime's legitimation strategy, wherein it has greatly downsized its once expansive international dimensions.
Topic:
Government and Political Theory
Political Geography:
Cuba, Latin America, and Caribbean

10. Growth Oriented Macroeconomic Policies for Small Islands Economies: Lessons from Singapore

Author:
Anis Chowdhury
Publication Date:
04-2008
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
Most small island economies or 'microstates' have distinctly different characteristics from larger developing economies. They are more open and vulnerable to external and environmental shocks, resulting in high output volatility. Most of them also suffer from locational disadvantages. Although a few small island economies have succeeded in generating sustained rapid growth and reducing poverty, most have dismal growth performance, resulting in high unemployment and poverty. Although macroeconomic policies play an important role in growth and poverty reduction, there has been very little work on the issue for small island economies or microstates. Most work follows the conventional framework and finds no or very little effectiveness of macroeconomic policies in stabilization. They also concentrate on short-run macroeconomic management with a focus almost entirely on either price stability or external balance. The presumption is that price stability and external balance are prerequisite for sustained rapid growth. This paper aims to provide a critical survey of the extant literature on macroeconomic policies for small island economies in light of the available evidence on their growth performance. Given the high output volatility and its impact on poverty, this paper will argue for a balance between price and output stabilization goals of macroeconomic policy mix. Drawing on the highly successful experience of Singapore, it will also outline a framework for growth promoting, pro-poor macroeconomic policies for small island economies/microstates.
Topic:
Development, Economics, and Government
Political Geography:
Asia, Australia/Pacific, Caribbean, and Singapore