Search

Begin New Search Political Geography Germany

951. European Corporate Governance Reform and the German Party Paradox

Author:
Martin Höpner
Publication Date:
08-2003
Content Type:
Working Paper
Institution:
Minda de Gunzburg Center for European Studies, Harvard University
Abstract:
This paper addresses the current discussion on links between party politics and production regimes. Why do German Social Democrats opt for more corporate governance liberalization than the CDU although, in terms of the distributional outcomes of such reforms, one would expect the situation to be reversed? I divide my analysis into three stages. First, I use the European Parliament's crucial vote on the European takeover directive in July 2001 as a test case to show that the left-right dimension does indeed matter in corporate governance reform, beside cross-class and cross-party nation-based interests. In a second step, by analyzing the party positions in the main German corporate governance reforms in the 1990s, I show that the SPD and the CDU behave “paradoxically” in the sense that the SPD favored more corporate governance liberalization than the CDU, which protected the institutions of “Rhenish,” “organized” capitalism. This constellation occurred in the discussions on company disclosure, management accountability, the power of banks, network dissolution, and takeover regulation. Third, I offer two explanations for this paradoxical party behavior. The first explanation concerns the historical conversion of ideas. I show that trade unions and Social Democrats favored a high degree of capital organization in the Weimar Republic, but this ideological position was driven in new directions at two watersheds: one in the late 1940s, the other in the late 1950s. My second explanation lies in the importance of conflicts over managerial control, in which both employees and minority shareholders oppose managers, and in which increased shareholder power strengthens the position of works councils.
Topic:
Democratization, Government, and Politics
Political Geography:
Europe and Germany

952. The Defense Monitor: The World At War

Author:
Col. Daniel Smith
Publication Date:
02-2003
Content Type:
Policy Brief
Institution:
Center for Defense Information
Abstract:
At the start of 2003, the United States remains focused on fighting global terrorism in general even as it zeroes in on Iraq as the nexus of evil. But a number of factors in play today make international support for such a venture less effusive than in 1990-91, when the last anti-Saddam “coalition of the willing” formed. Many economies, including those of three of the four big financial supporters of the 1990-91 war — Japan, Germany, and Saudi Arabia — are weaker. Any war would be relatively more expensive. Suspicions about U.S. motives, fueled by the Bush administration's initial unilateralism, remain alive despite Washington's patient work in obtaining a UN Security Council resolution on new inspections. Germany has declared it will provide no forces; use of Saudi Arabian airbases to launch combat missions against Iraq remains unclear; and troop contributions, as well as moral support, from other Arab states such as Egypt and Syria may not materialize.
Topic:
Security, Defense Policy, Terrorism, War, and Weapons of Mass Destruction
Political Geography:
United States, Japan, Iraq, Germany, Saudi Arabia, Syria, and Egypt

953. Does venture capital investment spur employment growth?

Author:
Ansgar Belke, Rainer Fehn, and Neil Foster
Publication Date:
12-2003
Content Type:
Working Paper
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
Anglo-Saxon countries have been successful in the 1990s concerning labour market performance compared to the former role models of Germany and Japan. This reversal in relative economic performance might be related to idiosyncracies in financial markets, with bank-based financial markets as in Germany and Japan being possibly inferior to stock-market based financial markets in turbulent times and when approaching the economic frontier. A cleavage is related to venture capital markets which are flourishing in Anglo-Saxon but not in German-type financial markets. Venture capital is crucial for financing structural change, new firms and innovations and therefore possibly also nowadays for employment growth.
Topic:
Economics and International Trade and Finance
Political Geography:
Japan, Europe, and Germany

954. The GFN-SSR's Report on - A Framework for Lasting Disarmament, Demobilization, and Reintegration of Former Combatants in Crisis Situations

Author:
Ann M. Fitz-Gerald
Publication Date:
01-2003
Content Type:
Working Paper
Institution:
Global Facilitation Network for Security Sector Reform
Abstract:
The meeting was held at German House and hosted by the Germany's Permanent Mission to the UN. The agenda for the meeting and the guiding questions for each panel are attached. David Malone (IPA) and Julia Taft (UNDP) gave opening remarks with UNDP in particular stressing the need to assess whether or not the UN was correctly balancing the three components of DDR. Julia Taft also stated that significant sums of money had been promised for DDR in the DRC but had not come through. For this reason, she was anxious to hear from the donors in the group to see if they could discuss their intentions for future funding. Lastly, both the IPA and UNDP were interested in developing standards and guidelines for DDR programmes if, during the seminar, it became clear that a demand existed for the production of such materials.
Topic:
Conflict Prevention, Development, Regional Cooperation, and United Nations
Political Geography:
Africa and Germany

955. Remembering the Battle of Paris: 17th October 1961 in French and Algerian Memory

Author:
Joshua Cole
Publication Date:
09-2003
Content Type:
Journal Article
Journal:
French Politics, Culture Society
Institution:
Conference Group on French Politics Society
Abstract:
In October 1961, an as yet undetermined number of Algerian protesters were killed by the police in Paris while demonstrating for Algerian independence. In the last two decades, these killings have become the focal point of a public controversy in France, as questions about the memory of the Algerian war converged with debates about immigration and citizenship in the 1980s and 1990s and with the willingness of the French state to confront the crimes committed during the last phase of decolonization between 1945 and 1962. Most commentaries have emphasized the connections of this debate with an earlier bout of French soul-searching over the question of the Vichy government's collaboration with Germany during World War II. This connection seemed all the more relevant when the man who was the prefect of police in Paris in 1961, Maurice Papon, was accused and eventually convicted of assisting in the deportation of Jews from Bordeaux in 1942-1944. This article argues that the public attention to the connections between Maurice Papon and the Holocaust have obscured the extent to which the debate in France about October 1961 has been driven by developments in Algerian politics in the last four decades. The extent to which historical accounts of the events of October 1961 are shaped by very contemporary political concerns presents particular challenges to the historian, who must find a way of retelling the story without merely reproducing the ideological conflict that produced the violence in the first place.
Topic:
War
Political Geography:
Paris, France, Germany, and Algeria

956. Russia faces Europe

Author:
Dov Lynch
Publication Date:
05-2003
Content Type:
Working Paper
Institution:
European Union Institute for Security Studies
Abstract:
The crisis on Iraq has challenged key features of international relations. The United States and Britain intervened in Iraq without the specific support of the United Nations, avoiding a second resolution in February 2003 precisely because they feared coercive action would be vetoed. The UN has taken a serious blow and the parameters of international law on self-defence and the use of force are being redefined by US and British actions. The crisis has also left the transatlantic relationship in tatters, with the appearance of serious divisions in Europe and inside the European Union. France, Germany and Russia coordinated their positions against coercive actions within the UN Security Council, adopting a number of joint declarations in 2003 on how to strengthen the inspection regime. With all this, the very notion of the West as it existed in the Cold War seems under question.
Topic:
Security and International Cooperation
Political Geography:
Russia, America, Europe, France, Kosovo, Germany, United Nations, and Syria

957. Contagion: An Empirical Test

Author:
Jon Wongswan
Publication Date:
09-2003
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
Using the conditional Capital Asset Pricing Model (CAPM), this paper tests for the existence and pattern of contagion and capital market integration in global equity markets. Contagion is defined as significant excess conditional correlation among different countries' asset returns above what could be explained by economic fundamentals (systematic risks). Capital market integration is defined as the situation in which only systematic risks are priced. The paper uses a panel of sixteen countries, divided into three blocs: Asia, Latin America, and Germany-U.K.-U.S., for the period from 1990 through 1999. The results show evidence of contagion and capital market integration. In addition, contagion is found to be a regional phenomenon.
Topic:
International Relations, Economics, Globalization, and International Trade and Finance
Political Geography:
United States, United Kingdom, Asia, Germany, and Latin America

958. State Building and Security in Afghanistan and the Region

Publication Date:
10-2003
Content Type:
Policy Brief
Institution:
Liechtenstein Institute on Self-Determination, Princeton University
Abstract:
In May 2003, Princeton University's Liechtenstein Institute on Self-Determination (LISD) convened a major international colloquium entitled, “State Building and Security in Afghanistan and the Region,” held in Bonn and Petersberg, Germany, which brought together diplomats, government officials, academics, policy experts, and field practitioners to examine international and local best practices relevant for state and security building in Afghanistan.
Topic:
Security, Civil Society, Government, and War
Political Geography:
Afghanistan, Central Asia, and Germany

959. The Dog that Would Never Bite? The Past and Future of the Stability and Growth Pact

Author:
Martin Heipertz and Amy Verdun
Publication Date:
11-2003
Content Type:
Working Paper
Institution:
Max Planck Institute for the Study of Societies
Abstract:
This paper analyses the underlying reasons for the creation of the Stability and Growth Pact (SGP) and its subsequent development in recent years. The paper examines the economic and political factors behind it, including the role of economic ideas, experts, politicians, institutional arrangements in the Maastricht Treaty, domestic politics, and the exceptional position of Germany in the realm of monetary integration in the EU. It concludes that a set of commonly held beliefs together with a corresponding power-political constellation explain the creation of the SGP.
Topic:
International Political Economy, International Trade and Finance, and Treaties and Agreements
Political Geography:
Europe and Germany

960. The Politics of the German Company Network

Author:
Martin Höpner and Lothar Krempel
Publication Date:
09-2003
Content Type:
Working Paper
Institution:
Max Planck Institute for the Study of Societies
Abstract:
For over 100 years, the German company network was a major feature of organized corporate governance in Germany. This paper uses network visualization techniques and qualitative-historical analysis to discuss the structure, origins and development of this network and to analyze the reasons for its recent erosion. Network visualization makes it possible to identify crucial entanglement patterns that can be traced back historically. In three phases of network formation – the 1880s, 1920s and the 1950s –, capital entanglement resulted from the interplay of company behavior and government policy. In its heyday, the company network was de facto encompassing and provided its core participants, especially the banks, with a national, macroeconomic perspective. In the 1970s, a process of increased competition among financial companies set in. In the 1980s and 1990s, declining returns from blockholding and increased opportunity costs made network dissolution a thinkable option for companies. Because of the strategic reorientation of the largest banks toward investment banking, ties between banks and industry underwent functional changes. Since the year 2000, the German government's tax policy has sped up network erosion. Vanishing capital ties imply a declining degree of strategic coordination among large German companies.
Topic:
Economics, Government, and Governance
Political Geography:
Europe and Germany