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6151. Recent Advances in Growth Theory. A Comparison of Neoclassical and Evolutionary Perspectives

Author:
Per Botolf Maurseth
Publication Date:
05-2001
Content Type:
Working Paper
Institution:
Norwegian Institute of International Affairs
Abstract:
Research on economic growth has experienced remarkable progress the last decade. The neoclassical perspective has benefited from development of new mathematical methods and new approaches to market structure, economics of scale and spillover effects. At the same time evolutionary theories on economic development have appeared, partly competing but also complementary to neoclassical theorising. In this paper, the development of the two perspectives on economic growth is reviewed and they are compared with each other. Despite evident differences there seems to be convergence between the two traditions. The two perspectives therefore do not belong to different paradigms in the Kuhnian sense and they can hardly be categorised as two isolated research programmes in the sense of Imre Lakatos. Evolutionary and neoclassical growth economics draw inspiration from similar sources, they are overlapping and to some extent complementary. The two traditions also interact with each other.
Topic:
Development, Economics, and International Trade and Finance
Political Geography:
Europe

6152. International — Unusual Securities Trades

Publication Date:
10-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The Organisation of Petroleum Exporting Countries (OPEC) met on Wednesday, September 26, in Vienna. The uncertainties associated with the international oil market have been greatly compounded by the September 11 terrorist attacks on the United States.
Topic:
Security
Political Geography:
United States, Europe, and Middle East

6153. International — OPEC Meets

Publication Date:
09-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The Organisation of Petroleum Exporting Countries (OPEC) met on Wednesday, September 26, in Vienna. The uncertainties associated with the international oil market have been greatly compounded by the September 11 terrorist attacks on the United States.
Topic:
Terrorism
Political Geography:
United States, Europe, and Middle East

6154. European Union — Enhanced Cooperation

Publication Date:
08-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
This piece focuses on the use of flexibility in European integration. Flexibility — the possibility for a number of member states to deepen cooperation without the others — has always been a sensitive subject in discussions about the advancement of European integration. As the next wave of enlargement approaches, a number of member states have been keen to ensure that provisions for flexible cooperation are strengthened, a goal achieved in the Treaty of Nice.
Topic:
Political Economy
Political Geography:
Europe

6155. Mercosur/European Union — Tariff Talks

Publication Date:
07-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The outlook for trade ties between the EU and Mercosur. EU-Mercosur trade negotiations earlier this month gave a vigorous push to commercial negotiations between the two regions. The EU presented a detailed proposal for liberalising EU-Mercosur trade during the next ten years. Trade talks between the EU and Mercosur have now reached a more advanced stage than the talks on the Free Trade Area of the Americas (FTAA).
Topic:
Economics and Politics
Political Geography:
Europe

6156. European Union: Belgian Presidency

Publication Date:
07-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The rotating EU presidency this week passed from the Swedish to the Belgian government. The Belgian presidency faces a considerable test of nerve as it attempts to square its constitutional ambitions for further political integration with the increasing unpredictability of European public opinion. The new public mood of caution towards European integration has resulted in a notable ambivalence on the part of Verhofstadt. While stressing the importance of a completely open debate, Verhofstadt is also using the more closed approach of close consultation between governments and their representatives in preparing keynote proposals for the Laeken European Council, which, in reality, is the only way of reaching solutions.
Topic:
Government and Politics
Political Geography:
Europe

6157. European Union — Enlargement Post-Gothenburg

Author:
Caspar Fithin
Publication Date:
06-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
At the Gothenburg European Council on June 15-16, EU leaders set themselves the objective of starting eastward enlargement by 2004. Small but significant changes in the wording of commitments on enlargement were agreed after intensive diplomacy by the Swedish EU presidency. The EU now has a very tight timetable for concluding negotiations with the front-runner candidates for membership. Although the candidates have made good progress, many political obstacles must be surmounted during the next 18 months, with the Irish referendum result creating further complications. However, the most important negotiations will not be those with the candidates, but those between the member states.
Topic:
Diplomacy and International Organization
Political Geography:
Europe

6158. European Union — Takeover Tensions

Author:
Caspar Fithin
Publication Date:
05-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The proposed takeover bids directive may be lost unless the differences between the European Parliament (EP) and the Council of Ministers are resolved by June 6. The ongoing negotiations between the Council and the EP in the conciliation committee may be made more difficult by Germany's recent decision to renege on the Council common position on the directive. The move was received with incomprehension in other EU member states. Germany so far stands alone in its attempt to change the directive. Nevertheless, its decision could give MEPs enough ammunition to avoid a compromise in the conciliation committee, and hence to allow the directive to fail. More importantly, Germany's decision also draws attention to the various level-playing field issues still to be addressed in the area of corporate control through greater harmonisation of company law.
Topic:
Government and Politics
Political Geography:
Europe and Germany

6159. Italy — Berlusconi Victory

Author:
Caspar Fithin
Publication Date:
05-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The outcome of last Sunday's general election is now clear. Although the centre-right has won substantial majorities in both houses of parliament, both the Alleanza Nazionale and the Northern League suffered setbacks. The League failed to pass the threshold needed to qualify for a share of the quarter of seats in the Chamber of Deputies allocated by proportional representation. For the time being, Forza Italia, and therefore Berlusconi, who dominates the party, is in firm control of the centre-right coalition. If Berlusconi can retain his authority over the coalition for the next five years, it could assist in stabilising a still highly-fractured and potentially unstable party system.
Topic:
Government and Politics
Political Geography:
Europe and Italy

6160. United States — 'Plan Colombia'

Author:
Caspar Fithin
Publication Date:
01-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
Congressional criticism of 'Plan Colombia's' military component, and the advent of a new administration in Washington, are likely to lead to a strategic review of US policy. The outcome may be a policy that is less military focused, more regionally oriented, and based on closer cooperation with other aid donors. It has become increasingly clear that Plan Colombia can only be implemented if the EU and its member states are prepared to increase their financial contribution. This will give the Europeans considerable leverage, and they are likely to use it to insist on a less militarised approach. However, even with a change in policy emphasis, the prospects of success will remain poor.
Topic:
Security, Foreign Policy, and International Cooperation
Political Geography:
United States, Europe, Colombia, and South America