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241. Eurocriticism: The Eurozone Crisis and Anti-Establishment Groups in Southern Europe

Author:
Nathalie Tocci, Thanos Dokos, Eleonora Poli, Chiara Rosselli, and Eduard Soler i Lech
Publication Date:
12-2013
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
The Eurozone crisis and the ensuing public disaffection towards what many view as deficient EU institutions and policies have resulted in a surge of euroscepticism across member states. Although euroscepticism is not a new phenomenon, the rise of mass anti- establishment movements notably in southern Europe is. Despite their different political and structural features, Five Star Movement in Italy, Syriza in Greece and several social movements sprung from the Indignados in Spain have recently become key actors in their national political arena by opposing, inter alia, EU-imposed austerity. Yet these movements are not anti-EU in toto; while they criticize what they view as the EU's lack of democracy and rigid economic policies, they are not opposed to the EU integration project as such. While a fine line distinguishes Euro-scepticism from Euro-criticism, provided such distinction is made, the critique of these movements could be galvanized into a constructive force for a more integrated EU political space.
Topic:
Debt, Economics, International Trade and Finance, Financial Crisis, and Reform
Political Geography:
Europe

242. The changing European defence market: Will the new European defence market legislation be a game-changer for Finland?

Author:
Harri Mikkola, Jukka Anteroinen, and Ville Lauttamäki
Publication Date:
02-2013
Content Type:
Policy Brief
Institution:
Finnish Institute of International Affairs
Abstract:
The European defence industrial base is transforming. The changes in the European defence market legislation, the decrease in defence materiel demand and changing defence requirements are redefining the industry in a way that has not been seen in decades. The new European legislation in particular poses serious challenges for the Finnish defence industry, including the national market opening and the diminishing possibility for offset arrangements. It is likely that the major European states are trying to protect their own defence industrial base. The future of the Finnish defence industry will be determined by whether the European market opens up in the first place, in part or in its entirety. There is no going back to the time preceding the new legislation. It is crucial for the Finnish defence industry to find and utilize new market opportunities. Networking with the European system integrators and sub-contracting chains will be of paramount importance.
Topic:
Defense Policy, Arms Control and Proliferation, Economics, and Industrial Policy
Political Geography:
Europe and Finland

243. The EEA and Norway Grants: Source of Norwegian influence or soft power?

Author:
Rieker Pernille and Tom O. Johnsen
Publication Date:
02-2013
Content Type:
Working Paper
Institution:
Norwegian Institute of International Affairs
Abstract:
For nearly 20 years, Norway has contributed financially to less wealthy EU countries. From €120 million (1994–1998) these contributions have reached nearly €1.8 billion for the period 2009–2014. What exactly does Norway get in return? Should the Grants simply be understood as an act of solidarity? Or do the financial contributions serve as a source of soft power providing increased influence in the EU? The objective of this article is not to assess whether the Grants have helped to reduce economic and social disparities, nor to explain why the Grants emerged. We focus on how and to what extent Norway has had and can have political advantage from these contributions, in relations with the EU and the beneficiary states. This article serves as a case-study examining the relation between a policy (the Grants) and soft power.
Topic:
Economics, Political Economy, Regional Cooperation, Power Politics, and Foreign Aid
Political Geography:
Europe

244. Inward FDI in Ireland and its policy context, 2012

Author:
Louis Brennan and Rakhi Verma
Publication Date:
03-2013
Content Type:
Working Paper
Institution:
Columbia Center on Sustainable Investment
Abstract:
Despite the global financial and economic crises and a sharp downturn in the domestic economy between 2008 and 2009, Ireland managed to attract large inflows of foreign direct investment (FDI) in 2010. Inward FDI (IFDI) flows in 2010 were at a similar level to those in 2009, the second highest in Ireland's FDI history. However in 2011, there was a decline in such flows. While Ireland's economy has been greatly affected by the global crisis, Irish government initiatives have further fostered the country's attractiveness as an investment location for the world's firms. All indications are that Ireland's IFDI performance will continue to surpass that of most countries into the near future.
Topic:
Economics, International Trade and Finance, Markets, and Foreign Direct Investment
Political Geography:
Europe and Ireland

245. Inward FDI in Germany and its policy context, 2012

Author:
Thomas Jost
Publication Date:
04-2013
Content Type:
Working Paper
Institution:
Columbia Center on Sustainable Investment
Abstract:
In 2011 and the first half of 2012, inward FDI (IFDI) flows to Germany continued to be relatively strong. Germany attracte market-seeking MNEs, as its economy showed remarkable economic growth despite the ongoing problems in many other countries of the Eurozone. In the second half of 2012, IFDI flows turned sharply negative, declining for the year as a whole to only US$ 7 billion, compared with US$ 49 billion in 2011. This decline reflects the difficult financial situation of many companies, including banks in the Eurozone, and could also dampen inflows in 2013. In the longer-term, Germany could profit again from rising FDI as its economy has successfully implemented reforms over the past decade, and the German Government has continued to keep its investment policy regime open.
Topic:
Economics, International Trade and Finance, Markets, and Foreign Direct Investment
Political Geography:
United States, Europe, and Germany

246. Economic and Industrial Cooperation Between France and Germany: Assessment and Future Prospects

Author:
Jean-Marc Trouille
Publication Date:
04-2013
Content Type:
Journal Article
Journal:
German Politics and Society
Institution:
German Politics and Society Journal
Abstract:
Economy and industry have traditionally been major stakes within the Franco-German relationship. This article examines French and German economic and industrial relations, and their importance for these countries' joint leadership in Europe. It investigates the level of economic interdependence and of macroeconomic convergence between the two largest Eurozone economies, industrial cooperation between French and German companies, discrepancies in their trade relations and investment flows, divergences in their respective economic and industrial policies, and the dichotomy between partnership and rivalry in their long-standing relationship. Finally, this article assesses the risk of increasing fiscal and industrial imbalance between the two economies and draws conclusions on its implications for the Franco-German entente in Europe.
Topic:
Economics
Political Geography:
Europe, France, and Germany

247. Fake It Till You Make It

Author:
Kal Raustiala and Christopher Sprigman
Publication Date:
07-2013
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
Given that Chinese counterfeiting has benefits as well as costs, and considering China's historical resistance to Western pressure, trying to push China to change its approach to intellectual property law is not worth the political and diplomatic capital the United States is spending on it.
Topic:
Economics and Law
Political Geography:
United States, China, and Europe

248. Inside the superstar economy of America's big thinkers

Author:
Daniel W. Drezner
Publication Date:
06-2013
Content Type:
Journal Article
Institution:
Chatham House
Abstract:
Why the US still dominates the world of innovative ideas
Topic:
Economics
Political Geography:
United States, America, and Europe

249. Danish Foreign Policy Yearbook 2013

Author:
Hans Mouritzen (ed) and Nanna Hvidt (ed)
Publication Date:
06-2013
Content Type:
Book
Institution:
Danish Institute for International Studies
Abstract:
This year's volume presents the official outline of Denmark's foreign policy in 2012 by Claus Grube, Permanent Secretary of State for Foreign Affairs. Besides that Ravinder Kaur contributes with the first academic inquiry into the causes of the Danish-Indian diplomatic deadlock in the extradition case concerning Niels Holck (the prime accused in the Purulia arms drop case). Mette Skak addresses the role of the emerging BRICS powers (Brazil, Russia, India, China, and South Africa) in Danish foreign policy and offers her policy recommendations. Hans Branner shifts to a diachronic perspective. In his article about Denmark 'between Venus and Mars' he stresses elements of continuity in Danish foreign policy history; activism is not solely a post-Cold War phenomenon. Derek Beach turns to the scene of the current European economic crisis, analysing and interpreting the Fiscal Compact agreed during the Danish EU Presidency.
Topic:
Foreign Policy, Diplomacy, Economics, International Affairs, and Financial Crisis
Political Geography:
Russia, China, Europe, India, South Africa, Brazil, and Denmark

250. Economic Policy Coordination in the Economic and Monetary Union: From Maastricht via the SGP to the Fiscal Pact

Author:
Jørgen Mortensen
Publication Date:
08-2013
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
This paper first takes a step backwards with an attempt to situate the recent adoption of the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union in the context of discussions on the Stability and Growth Pact (SGP) and the 'Maastricht criteria', as fixed in the Maastricht Treaty for membership in the Economic and Monetary Union (EMU) in a longer perspective of the sharing of competences for macroeconomic policy-making within the EU. It then presents the main features of the new so-called 'Fiscal Compact' and its relationship to the SGP and draws some conclusions as regards the importance and relevance of this new step in the process of economic policy coordination. It concludes that the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union does not seem to offer a definitive solution to the problem of finding the appropriate budgetary-monetary policy mix in EMU, which was already well identified in the Delors report in 1989 and regularly emphasised ever since and is now seriously aggravated due to the crisis in the eurozone. Furthermore, implementation of this Treaty may under certain circumstances contribute to an increase in the uncertainties as regards the distribution of the competences between the European Parliament and national parliaments and between the former and the Commission and the Council.
Topic:
Economics, Markets, Regional Cooperation, Treaties and Agreements, and Monetary Policy
Political Geography:
Europe