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172. Russia on the Move
- Author:
- Dmitri V. Trenin, Maria Lipman, Alexey Malashenko, and Nikolay Petrov
- Publication Date:
- 06-2012
- Content Type:
- Policy Brief
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- To the casual observer, Russia is stuck where it was a decade ago. Vladimir Putin has once again assumed the presidency and any semblance of organized political opposition largely faded away after the March elections. But popular protests persist, and the existing politico-economic system can no longer adequately address the shifting social realities inside the country or the challenges of the global environment. The system must change if Russia is to develop further, and Moscow's policies of economic modernization alone are neither sufficient nor possible without political reform.
- Topic:
- Corruption, Democratization, Political Economy, Fragile/Failed State, and Governance
- Political Geography:
- Russia, Europe, and Asia
173. America's Voluntary Standards System—A "Best Practice" Model for Innovation Policy?
- Author:
- Dieter Ernst
- Publication Date:
- 02-2012
- Content Type:
- Working Paper
- Institution:
- East-West Center
- Abstract:
- For its proponents, America's voluntary standards system is a "best practice" model for innovation policy. Foreign observers however are concerned about possible drawbacks of a standards system that is largely driven by the private sector. There are doubts, especially in Europe and China, whether the American system can balance public and private interests in times of extraordinary national and global challenges to innovation.
- Topic:
- Democratization, Economics, Globalization, International Trade and Finance, Markets, and Governance
- Political Geography:
- United States, China, and Europe
174. An Agenda for the European Council: Feasible steps to bring the eurozone back from the precipice
- Author:
- Stefano Micossi
- Publication Date:
- 06-2012
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies
- Abstract:
- Once again the European Council will meet in an emergency session at the end of June, with the eurozone economy in recession and actually plummeting in its Southern periphery. Further doubts are also growing on the sustainability of sovereign debts due to the vicious spiral of deteriorating bank balance sheets, ballooning potential liabilities from banking rescues and widening spreads on government borrowings. The sovereign debt crisis in the periphery has now turned into a fully fledged banking crisis that threatens to spread from Greece to Spain and tomorrow, who knows, to Italy, France and even Germany itself.
- Topic:
- Debt, Economics, Regional Cooperation, Financial Crisis, and Governance
- Political Geography:
- Europe, Greece, France, Germany, Spain, and Italy
175. Sovereign Debtors in Distress: Are Our Institutions Up to the Challenge?
- Author:
- Susan Schadler
- Publication Date:
- 08-2012
- Content Type:
- Working Paper
- Institution:
- Centre for International Governance Innovation
- Abstract:
- Global economic developments over the past two years have dashed hopes that the risks of sovereign debt crises have been tamed. The turmoil in Europe has, of course, been the most acute of these developments, but growing national fiscal imbalances, anemic prospects for growth and the expanding reach of private financial markets to newly emerging economies are potent, if less immediately threatening, signs of the risks ahead. After lying dormant for almost a decade, pressing questions about whether global institutions are capable of containing the costs of debt crises are again being raised.
- Topic:
- Debt, Economics, Globalization, Political Economy, Financial Crisis, and Governance
- Political Geography:
- Europe
176. The Reform of European Economic Governance : Towards a Sustainable Monetary Union?
- Author:
- Stijn Verhelst
- Publication Date:
- 06-2011
- Content Type:
- Working Paper
- Institution:
- EGMONT - The Royal Institute for International Relations
- Abstract:
- The euro is a rather unusual currency as it is shared by a union of largely independent states. This results in a single supranational monetary union, while most 'economic' matters are decided on a national level. A key challenge in such a system is to ensure that the different levels of decision-making do not undermine the advantages of the common currency. For this reason, the European monetary union has been buttressed by economic integration, resulting in the Economic and Monetary Union (EMU).
- Topic:
- Debt, Economics, Monetary Policy, Financial Crisis, and Governance
- Political Geography:
- Europe
177. Renewed Financial Supervision in Europe – Final or transitory?
- Author:
- Stijn Verhelst
- Publication Date:
- 03-2011
- Content Type:
- Working Paper
- Institution:
- EGMONT - The Royal Institute for International Relations
- Abstract:
- In order to obtain financial sector stability, adequate financial regulation and supervision are paramount. Despite their crucial role, both failed to prevent or at least mitigate the financial crisis. While financial regulation strives to impose a set of rules that ensure a safe and resilient financial sector, it has proven to contain too many gaps and loopholes.
- Topic:
- Debt, Economics, Markets, Monetary Policy, Financial Crisis, and Governance
- Political Geography:
- Europe
178. Aida Torres Pérez. Conflicts of Rights in the European Union. A Theory of Supranational Adjudication
- Author:
- Constantin von der Groeben
- Publication Date:
- 02-2011
- Content Type:
- Journal Article
- Abstract:
- Aida Torres Pérez' Conflicts of Rights in the European Union. A Theory of Supranational Adjudication 1 is a comprehensive monograph dealing with one of the most striking normative challenges in the European Union (EU): the relationship between the European Court of Justice (ECJ) and Member State courts in adjudicating fundamental rights. Torres Pérez presents the existing spheres of fundamental rights protection in the EU and provides a thorough analysis of the conflicts that emerge where these different spheres overlap. Her volume covers a number of different approaches and provides suggestions on how to deal with these conflicts and eventually proposes a normative model for ECJ adjudication through judicial dialogue based on comparative constitutional reasoning. The book is well structured in three parts. The first part gives a brief but thorough overview of the different systems of fundamental rights protection open to EU citizens. The author describes these different systems as the multilevel protection of rights in Europe and distinguishes between human rights protection through national constitutions (constitutional rights), through the ECJ (EU fundamental rights) and through the European Convention on Human Rights (convention rights). She outlines the conflicts that arise when these different systems of fundamental rights protection overlap. In general, such conflicts may arise when different rights are considered to be fundamental (at 10) and where community members disagree regarding fundamental rights interpretation (at 11), especially concerning sensitive issues like abortion or affirmative action (at 16). A potential for conflict exists whenever states act within a field of application of EU law which includes two types of situations: (i) state acts implementing EU law, and (ii) state acts derogating from the EU basic freedoms of movement (at 16). An example of a rights conflict between German courts and the ECJ is the 'banana saga', where the courts disagreed on …
- Topic:
- Human Rights and Governance
- Political Geography:
- Europe
179. Lobbying the European Parliament: A necessary evil
- Author:
- Maja Kluger Rasmussen
- Publication Date:
- 05-2011
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies
- Abstract:
- Despite the growth of lobbying in the EU over the past two decades, the EU has taken a rather laissezfaire approach to regulating lobbying activity. While the European Parliament (EP) is in many ways more transparent and more accessible than many of the EU's national parliaments, the code of conduct for lobbyists and the Parliament's own rules of procedure are rather vague. As a result of the 'cash for laws' scandal, the EP President, Jerzy Buzek, has established a working group to draw up a new set of rules to govern the access and behaviour of lobbyists and to formulate a code of conduct for Members of the European Parliament (MEPs). The working group is currently considering seven proposals put forward by Jerzy Buzek, including a mandatory lobbying register for all EU institutions; a strengthening of MEPs' declarations of financial interests, with more frequent updates; a code of conduct for MEPs; a 'legislative footprint' for rapporteurs and tougher sanctions for non-compliance with these rules. While the reform proposal, as it stands now, offers a significant improvement of the Parliament's current rules, it does not go far enough, however.
- Topic:
- Regional Cooperation and Governance
- Political Geography:
- Europe
180. On the Tasks of the European Stability Mechanism
- Author:
- Stefano Micossi, Fabrizia Peirce, and Jacopo Carmassi
- Publication Date:
- 03-2011
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies
- Abstract:
- In recent weeks pressures on the euro and eurozone sovereign debtors have subsided. Buoyant growth in the global economy, increasingly benefiting also the European economy, has of course played an important role in calming financial markets. But even more important has been the perception that France and Germany are again working constructively for a strong economic Europe. More broadly, the acute turbulence in financial markets since the spring of 2010 may have finally convinced our political leaders, notably including the German political establishment, that the benefits of a stable currency far outweigh the costs that may have to be borne to make it work properly. The euro will only be trusted if the member states effectively coordinate their economic policies not only to ensure fiscal stability, but also to eliminate persistent divergences in productivity leading to unsustainable imbalances between national savings and investment (Schäuble, 2011).
- Topic:
- Security, Economics, Regional Cooperation, Monetary Policy, Financial Crisis, and Governance
- Political Geography:
- Europe, France, and Germany