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Begin New Search Topic International Trade and Finance Political Geography Europe

301. Europe's Dependence on Russian Natural Gas: Perspectives and Recommendations for a Long-term Strategy

Author:
Richard J. Anderson
Publication Date:
09-2008
Content Type:
Working Paper
Institution:
George C. Marshall European Center for Security Studies
Abstract:
The European Union 27 currently rely on Russia for almost 38% of their imported natural gas; this dependency will become significantly greater if European states implement their currently formulated energy policies. With plans to phase out nuclear power in several European countries, the EU goal to reduce coal consumption thereby lowering greenhouse gas emissions, and the depletion of domestic sources of gas, reliance on Russia will rise to 50 to 60% of all gas imports within the next two decades if different energy policies are not adopted. The EU and greater Europe will soon find themselves in an extremely dangerous position due to the everincreasing dependence on Russian natural gas. These countries must work together now to produce a coherent diversification strategy.
Topic:
International Trade and Finance and Natural Resources
Political Geography:
Russia, Europe, and Asia

302. Der kollektive "Buddenbrooks-Effekt"

Author:
Christoph Deutschmann
Publication Date:
05-2008
Content Type:
Working Paper
Institution:
Max Planck Institute for the Study of Societies
Abstract:
The paper views the current financial crisis in light of long-term structural socioeconomic changes in advanced industrial societies. In Western Europe, the United States and Japan, the period of economic prosperity after the Second World War led to a remarkable accumulation of wealth among the middle class that had surprisingly little effect on the substantial fortunes of the wealthiest upper class. This affluence gave rise to pension and investment funds emerging as a new type of collective actor in global financial markets, while the economy was marked by increasing instability, declining growth rates and financial crises. The paper tries to clarify the interconnections between these phenomena using the framework of a multilevel analysis that culminates in a model I call the “collective Buddenbrooks effect” (“Buddenbrooks” being a family saga by Thomas Mann): Structural upward social mobility will lead to an increasing imbalance in capital markets, since the volume of financial assets looking for profitable investment will rise as the social reservoir of solvent debtors and promising investment opportunities decline. Advanced industrial economies are thus characterized by a bias towards capital export and excessive financial liquidity, with the well-known consequences of low economic growth rates and the danger of speculative bubbles on global capital markets. The middle class that originally benefitted from postwar prosperity is negatively affected, too. I argue that the current crisis cannot be understood sufficiently without taking this structural socioeconomic background into account.
Topic:
Economics, International Political Economy, International Trade and Finance, Political Economy, and Political Theory
Political Geography:
United States, Japan, and Europe

303. Foreign Trade Specialization and International Competitiveness Of Greece, Portugal, Spain, Turkey and the EU 12

Author:
Bahri Yilmaz
Publication Date:
01-2008
Content Type:
Working Paper
Institution:
Minda de Gunzburg Center for European Studies, Harvard University
Abstract:
The main purpose of this paper is to examine the foreign trade patterns and/or specialization in foreign trade of three EU member countries – namely, Greece, Portugal, Spain, and candidate country Turkey – and to compare the foreign trade patterns with the EU/12 in the period 1995- 2005. The paper is divided into seven main sections. The first section summarizes the export and import developments of the countries in question between the years 1995 and 2005. The second section describes the methodology and data sets. Empirical analysis is found in the third section, where in five subsections we investigate international competitiveness and trade specialization using different indices. In the fourth part of the research we compare the dynamic products in world exports with dynamic products in the exports of the four countries. The final section gives brief conclusions drawn from the results and considers the future position of Turkey within the enlarged EU. In this research we do not intend to explain why the foreign trade patterns are different in the considered countries. We simply try to show whether and where there are any differences in foreign trade specialisation among the four countries and EU/12.
Topic:
International Relations, Emerging Markets, International Trade and Finance, Markets, Regional Cooperation, and Treaties and Agreements
Political Geography:
Europe, Turkey, Spain, Portugal, and South Sudan

304. Moving Forward with the Transatlantic Economic Council

Author:
Daniel M. Price
Publication Date:
09-2008
Content Type:
Journal Article
Journal:
European Affairs
Institution:
The European Institute
Abstract:
The Transatlantic Economic Council was a major U.S.-EU innovation designed to negotiate away non-tariff barriers between the two markets. To consolidate the promise of its first year at work, it needs to choose its issues and do something tangibly effective about them, according to Dan Price, the White House point man in the TEC.
Topic:
Economics and International Trade and Finance
Political Geography:
United States and Europe

305. Recalibrating EU Policy towards the Western Balkans

Author:
Michael Emerson
Publication Date:
10-2008
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
The time is not only ripe but pressing for the EU and the states of the Western Balkans to recalibrate and reinforce the current pre-accession strategy. Trade policy should be moved beyond existing free trade commitments for all the Western Balkans to enter the customs union of the EU and Turkey. Eurozone doctrine should be adapted to realities. Rather than regarding the use of the euro by Montenegro and Kosovo as an unfortunate turn of events, the costs and benefits of unilateral adoption of the euro by not-yet member states of the region should be more openly appraised, and the option to 'euroise' recognised as a possibility. It is good that the EU has moved at the declaratory level toward s visa 'liberalisation', which means scrapping visas rather than just 'facilitation' measures. However the Commission has not yet published guidelines or timelines for this. The region should be put on track for access to the Structural Funds on terms and scales progressively approaching those from which new member states such as Bulgaria and Romania already benefit. The ratio of these aid receipts between the new member states and the Western Balkans is currently 4:1; the former are receiving more than they can handle efficiently, whereas the Western Balkans have huge unsatisfied needs. Overall the case is made for significant moves towards 'functional membership' of the whole of the region with the EU, which would be a highly useful advance, irrespective of how or when the EU overcomes its Lisbon Treaty hiatus.
Topic:
Economics and International Trade and Finance
Political Geography:
Europe, Turkey, Kosovo, Bulgaria, Balkans, Romania, and Lisbon

306. Multilateralism beyond Doha

Author:
Arvind Subramanian and Aaditya Mattoo
Publication Date:
10-2008
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
A fundamental shift is taking place in the world economy to which the multilateral trading system has failed to adapt. The Doha process focused on issues of limited significance while the burning issues of the day were not even on the negotiating agenda. The paper advances five propositions: (1) the traditional negotiating dynamic, driven by private-sector interests largely in the rich countries, is running out of steam; (2) the world economy is moving broadly from conditions of relative abundance to relative scarcity, and so economic security has become a paramount concern for consumers, workers, and ordinary citizens; (3) international economic integration can contribute to enhanced security; (4) addressing these new concerns-relating to food, energy, and economic security-requires a wider agenda of multilateral cooperation, involving not just the World Trade Organization but other multilateral institutions as well; and (5) despite shifts in economic power across countries, the commonality of interests and scope for give-and-take on these new issues make multilateral cooperation worth attempting.
Topic:
Security, Economics, International Trade and Finance, Treaties and Agreements, and World Trade Organization
Political Geography:
United States, China, and Europe

307. The Real Questions About Sovereign Wealth Funds: A Roundtable Discussion

Publication Date:
01-2008
Content Type:
Journal Article
Journal:
European Affairs
Institution:
The European Institute
Abstract:
Already the buzz this year in financial circles, sovereign wealth funds have been initially welcomed in the United States (and to a lesser degree in Europe) as white knights whose capital investments have helped rescue troubled financial institutions and other companies stricken by the credit-market crisis. But these funds, even as they are currently sought after by financially-bleeding companies, could easily become controversial with public opinion and regulators in the United States and European countries because of their potential political dimensions. The very fact of their emergence is a symptom of profound new shifts in the global financial order. To head off potential jingoist reactions against the proposed buy-ins by these new investors, there is a need to probe a set of questions about how these funds work and about whether rules can be reached – by mutual agreement – to ensure that the funds prove compatible with global capital movements.
Topic:
Economics, Government, and International Trade and Finance
Political Geography:
United States and Europe

308. Four “Poverty Traps” Are Part of Conundrum for Foreign Aid

Author:
Jim Kolbe
Publication Date:
01-2008
Content Type:
Journal Article
Journal:
European Affairs
Institution:
The European Institute
Abstract:
Muddled thinking is dangerous for international development. For one thing, cost benefit arguments neglect the high price exacted by failed states. For another, as noted in an important new book, The Bottom Billion, some countries are trapped by special circumstances that need special remedies.
Topic:
Foreign Policy, Development, Emerging Markets, Humanitarian Aid, and International Trade and Finance
Political Geography:
United States and Europe

309. The Trade and Climate Change, Joint Agenda

Author:
Thomas L Brewer
Publication Date:
06-2008
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
Climate change, international trade, investment and technology transfer are all issues that have intersected in diverse institutional contexts and at several levels of governmental activity to form a new joint agenda. The purpose of this paper is to advance understanding of this joint agenda by identifying the specific issues that have emerged, the policies that have been adopted, especially in the EU and US, and the options that are available for further policy-making.
Topic:
Climate Change, International Cooperation, International Political Economy, and International Trade and Finance
Political Geography:
United States and Europe

310. Signing Away The Future: How trade and investment agreements between rich and poor countries undermine development

Publication Date:
03-2007
Content Type:
Policy Brief
Institution:
Oxfam Publishing
Abstract:
The quiet advance of trade and investment agreements between rich and poor countries threatens to deny developing countries a favourable foothold in the global economy. Powerful countries, led by the USA and the European Union (EU), are pursuing regional and bilateral free trade agreements with unprecedented vigour. This is happening without the fanfare of global summitry and international press coverage. Around 25 developing countries have now signed free trade agreements with developed countries, and more than 100 are engaged in negotiations. An average of two bilateral investment treaties are signed every week. Virtually no country, however poor, has been left out.
Topic:
Emerging Markets and International Trade and Finance
Political Geography:
United States and Europe