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451. Copying the Nasdaq Stock Market in Europe: Supranational Politics and the Convergence-Divergence Debate

Author:
Elliot Posner
Publication Date:
04-2004
Content Type:
Working Paper
Institution:
Institute of European Studies (IES), UC Berkeley
Abstract:
Financial arrangements reflect political bargains. Like national labor regimes, the formal and informal rules and relationships governing the allocation of financial resources distinguish one type of capitalist society from another. How firms are financed shapes companies and industries and affects the risks citizens must bear, how they save for retirement, where they work, their job security and ability to buy homes, and the disparity between rich and poor. Leading theories provide increasingly inadequate explanations for changing institutional arrangements in western European finance. They emphasize convergence to global standards and the causal effects of either increased levels of mobile capital or the diffusion of ideas. Or else they describe change within a national trajectory and attribute it primarily to domestic politics, national historical institutions and path dependency. They exclude the possibility of independent regional-level causes. My empirical study of changing financial arrangements for smaller European companies between 1977 and 2003 reveals causes rooted firmly in European Union politics. Neither global forces nor national institutions were primarily responsible for drawing the stock exchanges of Europe into cross-border competition and prompting them to create new US-style markets. Instead, supranational political entrepreneurs, acting with relative autonomy, largely drove this pattern of institutional change. In pushing beyond the international-domestic dichotomy and emphasizing the independent effects of European-level politics, my argument contributes to a growing body of detailed empirical research on the national and global impact of the EU. It also provides more sustained analysis of the causes, mechanisms and effects of adopting US institutional forms outside American borders.
Topic:
Conflict Resolution, Economics, and Politics
Political Geography:
America and Europe

452. Mothers and Daughters in Transition and Beyond

Author:
Emilie L. Bergmann
Publication Date:
03-2004
Content Type:
Working Paper
Institution:
Institute of European Studies (IES), UC Berkeley
Abstract:
With Spain's political changes, including the enfranchisement of women, in the late 1970s, and feminist theories that challenged stereotypical views of motherhood, Spanish women writers began to create more varied depictions. This essay briefly discusses the work of Montserrat Roig, Esther Tusquets, Ana Maria Moix, Nuria Amat, and Maria Mercè Roca, but its focus is on two writers' inscription of motherhood in terms of autonomy and mutual dependency: Carmen Martín Gaite's creation of maternal 'interlocutors,' and Soledad Puértolas's memoir, Con mi madre (2001) in which she writes with extraordinary honesty of the closeness and the silences she shared with her mother.
Topic:
Demographics, Gender Issues, and Politics
Political Geography:
Europe and Spain

453. Islamism in North Africa I: The Legacies of History

Publication Date:
04-2004
Content Type:
Working Paper
Institution:
International Crisis Group
Abstract:
Islamism, terrorism, reform: the triangle formed by these three concepts and the complex and changeable realities to which they refer is at the centre of political debate in and about North Africa today. The role of Egyptian elements in the leadership of Osama bin Laden's al-Qaeda organisation is well-known, if not necessarily well understood. The involvement of Maghrebis in terrorist networks in Europe -- whether linked to al-Qaeda or not -- has recently been underlined by the suspected involvement of Moroccans in the 11 March 2004 attack in Madrid. Egypt itself has endured years of terrorist violence; few if any countries have suffered as much from terrorism as Algeria has over the last twelve years; and the bombings in Casablanca on 16 May 2003 suggest that Morocco is not immune.
Topic:
Democratization, Politics, Religion, and Terrorism
Political Geography:
Africa, Europe, Algeria, North Africa, Egypt, and Morocco

454. Monitoring the Northern Ireland Ceasefires: Lessons from the Balkans

Publication Date:
01-2004
Content Type:
Working Paper
Institution:
International Crisis Group
Abstract:
This briefing compares the mandate of the Independent Monitoring Commission for Northern Ireland (IMC) with those of two recent European examples of the monitoring and enforcement of compliance with peace agreements: the unsuccessful Kosovo Verification Mission (KVM) of 1998-1999, and the much more fruitful mission of the Office of the High Representative (OHR) in Bosnia and Herzegovina since 1995. It attempts to identify lessons from those earlier experiences that may help the IMC carry out its mission in the context of carrying forward the Good Friday peace process.
Topic:
Government and Politics
Political Geography:
Europe, Bosnia, Herzegovina, Kosovo, and North Ireland

455. The Language of Democracy: Vernacular Or Esperanto? A Comparison between the Multiculturalist and Cosmopolitan Perspectives

Author:
Daniele Archibugi
Publication Date:
12-2004
Content Type:
Working Paper
Institution:
Minda de Gunzburg Center for European Studies, Harvard University
Abstract:
Will Kymlicka has argued “democratic politics is politics in the vernacular.” Does it imply that democratic politics is impossible in a multilingual community, whether at the local, national, regional or global level? This paper discusses this assumption and maintains that democratic politics should imply the willingness of all players to make an effort to understand each other. Democratic politics imply the willingness to overcome the barriers to mutual understanding, including the linguistic ones. Any time that there is a community of fate, a democrat should search for methods that allow deliberation according to the two key conditions of political equality and participation. If linguistic diversity is an obstacle to equality and participation, some methods should be found to overcome it, as exemplified by the Esperanto metaphor. The paper illustrates the argument with four cases of multi-linguistic political communities: a) a school in California with English-speaking and Spanish-speaking students; b) the city of Byelostok in the second half of the nineteenth century, where four different linguistic communities (Polish, Russian, German and Yiddish) coexisted. This led Markus Zamenhof to invent Esperanto; c) the linguistic problems of the Indian state, and the role played by English – a language unspoken by the majority of the Indian population in 1947 – in developing Indian democracy; and d) the case of the European Parliament, with twenty languages and a wealth of interpreters and translators.
Topic:
Democratization, Economics, and Politics
Political Geography:
Russia, Europe, India, California, and Germany

456. Democratic Contestation, Accountability, and Citizen Satisfaction at the Regional Level

Author:
Endre M. Tvinnereim
Publication Date:
08-2004
Content Type:
Working Paper
Institution:
Minda de Gunzburg Center for European Studies, Harvard University
Abstract:
Democratic theory tells us that competition between political parties fosters more responsive government by disciplining elected leaders. Yet party competition may not always attain the levels desirable for holding leaders accountable, notably at the sub-national level. This paper hypothesizes that variations in competition-induced accountability affect regional, or state, government behavior, and that this variation is reflected in citizen satisfaction with regional government performance. The hypothesis is confirmed using survey data from sixty-eight German state election studies. Specifically, a widening of the gap between the two main parties of each state is shown to affect subsequent individual-level satisfaction negatively. This finding presents a conjecture that should be generalizable to other countries with strong sub-national units.
Topic:
Democratization, Government, and Politics
Political Geography:
Europe

457. Why European Citizens Will Reject the EU Constitution

Author:
Claes H. de Vreese
Publication Date:
05-2004
Content Type:
Working Paper
Institution:
Minda de Gunzburg Center for European Studies, Harvard University
Abstract:
This study tests competing hypotheses about popular support for European integration. It introduces anti-immigration sentiments as a key variable for understanding reluctance towards integration. Drawing on survey data, it is found that anti-immigration sentiments, economic considerations, and the evaluation of domestic governments are the strongest predictors of both support for integration and individuals' propensity to vote “Yes” in a referendum on the enlargement of the EU. When extrapolating the findings to future referendums on issues of European integration, it may be predicted that such referendums will result in a “No” outcome under the conditions of high levels of anti-immigration sentiments, pessimistic economic outlooks, and/or unpopularity of a government.
Topic:
International Relations, Economics, Government, and Politics
Political Geography:
Europe

458. The EMU Macroeconomic Policy Regime and the European Social Model

Author:
Andrew Martin
Publication Date:
07-2004
Content Type:
Working Paper
Institution:
Minda de Gunzburg Center for European Studies, Harvard University
Abstract:
This paper will be a chapter in Euros and Europeans: Monetary Integration and the European Social Model, Andrew Martin and George Ross, eds., Cambridge University Press, 2004. Over time, the impact of EMU on the European social model (ESM) is likely to depend most fundamentally on its effects on unemployment. If EMU makes possible a significant reduction in unemployment, it poses no threat to the ESM. However, EMU is likely to keep unemployment at high levels. This expectation hinges on two propositions: 1) in order to bring unemployment back down after an extended period of disinflation has kept growth below its potential and unemployment high, a period of economic growth above its long-run potential – a growth spurt – is necessary, and 2), the EMU macroeconomic policy regime, as interpreted and implemented by the ECB, blocks such a growth spurt. The first part of the paper describes the policy regime, arguing that the ECB's implementation of it so far and the bank's rationale for doing so indicate an unwillingness to permit the growth spurt needed to significantly reduce unemployment. Its rationale invokes the orthodox view that monetary policy has no long run effects on growth and employment. This view is challenged by an alternative view, described in the second part. The alternative rests mainly on an empirical analysis of cases in which disinflation was and was not followed by growth spurts during the 1980s and 1990s. Showing that in the long run unemployment was lower without higher inflation where monetary policy permitted growth spurts than where it did not, this analysis suggests that the ECB's orthodoxy is fundamentally flawed and that adherence to it will perpetuate Europe's high unemployment.
Topic:
Economics, Human Welfare, and Politics
Political Geography:
Europe

459. “Une Messe est Possible”: The Imbroglio of the Catholic Church in Contemporary Latin Europe

Author:
Paul Christopher Manuel and Margaret Mott
Publication Date:
04-2004
Content Type:
Working Paper
Institution:
Minda de Gunzburg Center for European Studies, Harvard University
Abstract:
Throughout the contemporary period, the Church-State relationship in the nation-states of France, Italy, Spain and Portugal – which we will refer to as Latin Europe in this paper – has been a lively source of political conflict and societal cleavage, both on epistemological, and ontological grounds. Epistemological, in that the person living in Latin Europe has to decide whether his world view will be religious or secular; ontological, in that his mortality has kept some sense of the Catholic religion close to his heart and soul at the critical moments of his human reality. Secular views tend to define the European during ordinary periods of life, (“métro boulot dodo,”) while religious beliefs surge during the extraordinary times of life (birth, marriage, death,) as well as during the traditional ceremonial times (Christmas, Easter). This paper will approach the question on the role of the Catholic church in contemporary Latin Europe by first proposing three models of church-state relations in the region and their historical development, then looking at the role of the Vatican, followed by an examination of some recent Eurobarometer data on the views of contemporary Catholics in each country, and finishing with an analysis of selected public policy issues in each country. Throughout, it is interested in the dual questions of whether religion still plays an important role in Latin Europe, and whether or not the Catholic church is still able to influence the direction of public policies in the now democratic nation-states of France, Italy, Spain and Portugal.
Topic:
Politics and Religion
Political Geography:
Europe, France, Spain, Italy, and Portugal

460. The European Union: Democratic Legitimacy In A Regional State?

Author:
Vivien A. Schmidt
Publication Date:
04-2004
Content Type:
Working Paper
Institution:
Minda de Gunzburg Center for European Studies, Harvard University
Abstract:
Democratic legitimacy for the EU is problematic if it is seen as a future nation-state. If instead the EU were seen as a regional state—with shared sovereignty, variable boundaries, composite identity, compound governance, and a fragmented democracy in which the EU level assures governance for and with the people through effective governing and interest consultation, leaving to the national level government by and of the people through political participation and citizen representation—the problems of the democratic deficit diminish for the EU level. But they become even greater for the national level, where the changes to national democratic practices demand better ideas and discourses of legitimization. A further complicating factor results from problems of “institutional fit,” because the EU has had a more disruptive impact on “simple” polities, where governing activity has traditionally been channeled through a single authority, than on more “compound” polities, where it has been more dispersed through multiple authorities.
Topic:
Democratization, Government, Politics, and Sovereignty
Political Geography:
Europe