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201. Income Inequality Developments in the Great Recession

Author:
Tomas Hellebrandt
Publication Date:
01-2014
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
The Great Recession, which cost tens of millions of jobs, a collapse of asset values around the world, and threatened the global financial system, has generated renewed concern over the long-standing issue of the fairness of the distribution of wealth and income in many societies. Economic inequality has increased in the United States and many other advanced economies over the past 20 to 30 years. This trend generated less worry in the boom years, when unemployment rates were low and cheap credit enabled consumers to borrow and maintain higher standards of living, masking the impact of growing income disparity on consumption patterns and perceptions of well-being.
Topic:
Debt, Economics, International Trade and Finance, Poverty, Social Stratification, and Financial Crisis
Political Geography:
United States, United Kingdom, Germany, Spain, Italy, and Ireland

202. Making Labor Market Reforms Work for Everyone: Lessons from Germany

Author:
Jacob Funk Kirkegaard
Publication Date:
01-2014
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
Mark Twain once wrote an essay about the difficulties of learning what he called "The Awful German Language." Similar barriers to comprehension seem to plague those trying to explain recent German economic performance. By most measures, Germany has the best functioning labor market among large economies in the West, with levels of employment reaching those in the United States at the end of the turbo-charged 1990s. A debate has stirred, however, about whether this success has come with a price—specifically, whether Germany's domestic structural reforms have lowered living standards for Germany's low income workers and worsened income inequality and whether Germany is fortuitously and perhaps selfishly riding a wave of strong foreign demand for German exports.
Topic:
Economics, Industrial Policy, International Trade and Finance, Markets, and Labor Issues
Political Geography:
United States, Europe, and Germany

203. Do Trends in U.S. Inequality Matter for Norms of Global Governance? Concepts and Empirics for Debate

Author:
Carol Graham
Publication Date:
01-2014
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
The United States has long been viewed as the "land of opportunity," where those who work hard get ahead. Belief in this feature of American national identity has persisted even though inequality has been rising for de¬cades. In recent years, the trend toward extremes of income and wealth has accelerated significantly, owing to demographic shifts, the skills bias of the economy and fiscal policy. From 1997 to 2007, the share of income accru¬ing to the top 1 percent of U.S. households increased by 13.5 percentage points, which is equivalent to shifting $1.1 trillion in total annual income to this group - more than the total income of the bottom 40 percent of households. The precise impact of inequality on individual well-being remains controversial, partly because of the complex nature of the metrics needed to gauge it accurately, but also because why it matters depends on what it signals. If inequality is perceived to be the result of just reward for individual effort, then it can be a constructive signal of future opportunities. However, if it is perceived to be the result of an unfair system that rewards a privileged few, inequality can undermine incentives to work hard and invest in the future. In this sense, current U.S. trends have been largely destructive. Economic mobility, for example, has declined in recent decades and is now lower than in many other industrialized countries. There is also a strong intergenerational income correlation (about 0.5) in the U.S.; children of parents who earn 50 percent more than the average are likely to earn 25 percent above the average of their generation. In a world in which individuals' fates are increasingly linked and effective gover¬nance depends on some kind of consensus on social and distributive justice norms, growing income differentials in one country - especially one that has long served as a beacon of economic opportunity - can affect behavior elsewhere, both in terms of investments in education and the labor market and the propensity to protest. More generally, declining economic mobility in the U.S. could undermine confidence in the principles of market econo¬mies and democratic governance that America has espoused for decades - principles that are fundamental to many countries' development strategies.
Topic:
Economics, Poverty, Social Stratification, and Labor Issues
Political Geography:
United States and Germany

204. Power Shift

Author:
Michael Levi and Jason Bordoff
Publication Date:
04-2014
Content Type:
Journal Article
Journal:
Americas Quarterly
Institution:
Council of the Americas
Abstract:
The energy landscape in the Americas has shifted dramatically in just a few years. Only a decade ago, experts expected most of the world's new oil supplies to come from the former Soviet Union and the Middle East. Now the odds are that most of the growth in global oil supplies will come from North America and Brazil. Just five years ago, conventional wisdom held that North America would become a big importer of natural gas—with some supplies coming from its neighbors to the south. Now, a boom in natural gas production raises the prospect that the U.S. will become a gas exporter. This is occurring at a time when developing countries in Asia are driving the growth in world oil demand. The collision of these trends is radically reshaping the global energy map—reducing oil imports to Europe and North America while increasing shipments from producers in the Middle East, Africa and Russia to the Pacific Rim.
Political Geography:
Russia, Middle East, Canada, Germany, and North America

205. Affirmative Action in the Americas

Author:
Tanya K. Hernandez
Publication Date:
04-2014
Content Type:
Journal Article
Journal:
Americas Quarterly
Institution:
Council of the Americas
Abstract:
The Americas present many contrasting approaches to affirmative action. In the United States, the Supreme Court reaffirmed its constitutionality, while at the same time narrowing the ability to use race in the Fisher v. Texas case. In contrast, several Latin American countries are beginning to explore more dynamic affirmative action policies. While many of these policies are recent and still developing, the new Latin American interest in affirmative action programs indicates how useful such programs can be in pursuing racial justice. In fact, Latin America has in some ways gone much further in broadly embracing affirmative action as a human right-a key, perhaps, to the growing support for the concept.
Topic:
Human Rights
Political Geography:
United States, Germany, and Latin America

206. Will the Darién Gap Stop the Region's Electrical Integration?

Author:
Diana Villiers Negroponte
Publication Date:
04-2014
Content Type:
Journal Article
Journal:
Americas Quarterly
Institution:
Council of the Americas
Abstract:
In April last year, the Colombian government announced its intention to pursue the creation of an interconnected electrical grid from Mexico to Tierra del Fuego. Naming the project "Connecting the Americas 2022" ("Connect 2022" ), the Colombians had picked up the idea from Washington and included it in last year's agenda at the Summit of the Americas. The goal, as defined by the hemispheric governments that attended the summit, is to create an integrated electrical grid that can provide universal access to electricity through enhanced energy interconnections, power sector investments, renewable energy development, and cooperation. Should it succeed, the project will bring together regional electricity grids, including the Central American electrical grid, known by its Spanish acronym, SIEPAC (see Jeremy Martin's article on the difficulty of completing SIPAC on page 102 of this issue), with South American networks. Completing it, though, requires passing through the Darién Gap.
Political Geography:
Colombia, South America, Germany, and Mexico

207. Celebrating Germany in Brazil — Dominica hosts the World Creole Festival — Tackling Mexico City's traffic jams —10 Things to Do in Antigua

Publication Date:
04-2014
Content Type:
Journal Article
Journal:
Americas Quarterly
Institution:
Council of the Americas
Abstract:
Prost, Brazil! Grab a stein-full of caipirinha and stroll down to Ipanema beach in your lederhosen—it's Germany-Brazil Year in Brazil. The yearlong festival, aimed at deepening German-Brazilian relations, kicked off in May with the opening of the German-Brazilian Economic Forum in São Paulo. “Brazil is one of the most successful new centers of power in the world,” says Guido Westerwelle, Germany's foreign minister. “We want to intensify cooperation with Brazil, not only economically but also culturally.” It's no surprise that Brazil, the sixth-largest economy in the world, has caught the attention of Europe's financial powerhouse. Brazil is Germany's most important trading partner in Latin America, accounting for $14.2 billion in imports in 2012. With some 1,600 German companies in Brazil providing 250,000 jobs and 17 percent of industrial GDP, it's an economic relationship that clearly has mutual benefits.
Topic:
Security, Economics, and Environment
Political Geography:
United States, New York, Europe, Brazil, Germany, and Mexico

208. The Politics and Ethics of Identity: In Search of Ourselves by Richard Ned Lebow

Author:
Alan Wolfe
Publication Date:
04-2014
Content Type:
Journal Article
Institution:
Carnegie Council
Abstract:
The Politics and Ethics of Identity: In Search of Ourselves, Richard Ned Lebow (New York: Cambridge University Press, 2012), 431 pp., $103 cloth, $34.99 paper. The Politics and Ethics of Identity dazzles the reader with its ambition and erudition. Its theme is grand: nearly all the claims made by social theorists emphasizing the importance of identity are wrong because human beings and the associations they create, including nation-states, can do without it. Its breadth is startling, and includes brilliant textual analyses of, among other things, Greek epic poetry, the operas of Mozart, Germany's search for a classical past, the contemporary conservative Christian book series Left Behind, and science fiction. If all this is not enough, it also contains important theoretical discussions of the nature of narrative and the question of whether modernity implies a sharp break with the past.
Topic:
Politics
Political Geography:
Germany and Cuba

209. Thanks for the Buggy Ride: Memoirs of an Ottoman Jew

Author:
Michael McGaha
Publication Date:
02-2014
Content Type:
Journal Article
Journal:
Insight Turkey
Institution:
SETA Foundation for Political, Economic and Social Research
Abstract:
This little memoir, first published in Italian in 1987, is an account of a life well lived. A proud Sephardi Jew, Victor Eskenazi (1906-1987) was fortunate to have been born and raised in Istanbul at a time when that city was still home to an extraordinarily diverse mix of ethnic and religious groups. In the book's introduction, Eskenazi's son John defines his father as Ottoman “because of his inbred cosmopolitanism, his wide vision of the world, his insatiable intellectual curiosity, his instinctive understanding and respect of other peoples, cultures, and behaviours, and when required also a determination and assertiveness that is so prevalent in the Ottoman personality and in the history of the Empire” (pp. 10-11). Although Eskenazi's formal education ended with high school, just growing up in such a city was in itself a liberal education. By the time he finished high school, he was fluent and literate in Greek, Ladino, French, Ottoman Turkish, German, and English. A bright and sensitive child, Victor clearly reveled in the rich variety of sights, sounds, and smells his native city offered him in such profusion.
Topic:
War
Political Geography:
Germany, Italy, and Vienna

210. Presidential Leadership and the Creation of the American

Author:
H.W. Brands
Publication Date:
04-2014
Content Type:
Journal Article
Journal:
Political Science Quarterly
Institution:
Academy of Political Science
Abstract:
Having elsewhere assessed the structural forces that shaped America's rise to global power, Joseph Nye now turns to the personal elements. What role, he asks, did individuals, in particular presidents, play in the twentieth-century emergence of the United States as the arbiter of world affairs? Nye finds wanting the existing literature on presidential leadership as overemphasizing "transformational" presidents and blurring the line between presidential ethics and presidential efficacy.
Political Geography:
United States and Germany