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132. The Quality of Official Development Assistance 2014
- Author:
- Nancy Birdsall, Homi Kharas, and Nabil Hashmi
- Publication Date:
- 07-2014
- Content Type:
- Policy Brief
- Institution:
- Center for Global Development
- Abstract:
- The Quality of Official Development Assistance (QuODA) measures donors' performance on 31 indicators of aid quality to which donors have made commitments. The indicators are grouped into four dimensions associated with effective aid: maximizing efficiency, fostering institutions, reducing the burden on partner countries, and transparency and learning. The 2014 edition finds that donors are overall becoming more transparent and better at fostering partner country institutions but that there has been little progress at maximizing efficiency or reducing the burden on partner countries. The World Bank's concessional lending arm, the International Development Association (IDA), performs very well in QuODA, ranking in the top 10 of 31 donors on all four dimensions. The United States ranks in the bottom half of all donors on three of the four dimensions of aid quality and last on reducing the burden on partner countries. The United Kingdom ranks in the top third on three of four dimensions of aid quality and scores particularly well on transparency and learning. The Global Fund ranks in the bottom third on fostering institutions but ranks in the top third on the other three dimensions of aid quality, including the top spot in maximizing efficiency.
- Topic:
- Foreign Policy, Development, Economics, Foreign Aid, and Foreign Direct Investment
- Political Geography:
- United States and United Kingdom
133. US Policies toward Liquefied Natural Gas and Oil Exports: An Update
- Author:
- Gary Clyde Hufbauer and Cathleen Cimino
- Publication Date:
- 07-2014
- Content Type:
- Policy Brief
- Institution:
- Peterson Institute for International Economics
- Abstract:
- Unconventional extraction methods, namely horizontal drilling and fracking, are transforming global energy production, consumption, and trade. Th e extraction of large amounts of oil and gas from shale formations has led to an unprecedented surge of domestic production in the United States. Th e US Department of Energy (DOE) is now processing more than 40 applications from domestic producers to export liquefi ed natural gas (LNG). While experts still disagree about the magnitude and duration of the energy boom, we are at the "dawn of a US oil and gas renaissance" (Houser and Mohan 2014).
- Topic:
- Economics, International Trade and Finance, and Monetary Policy
- Political Geography:
- United States and North America
134. Economic Statecraft Redux: Improving the U.S. State Department's Effectiveness in International Economic Policy
- Author:
- Robert A. Pollard and Gregory N. Hicks
- Publication Date:
- 07-2014
- Content Type:
- Working Paper
- Institution:
- Center for Strategic and International Studies
- Abstract:
- At a time when economics has become a more central feature of international relations, the United States needs to raise its game in international economic policy to sustain global leadership. Yet the U.S. government is not well organized at present to meet this challenge.
- Topic:
- Foreign Policy, Diplomacy, Economics, International Trade and Finance, and Reform
- Political Geography:
- United States
135. Power Shift and Renminbi Internationalization: Recommendations for the G20
- Author:
- Raluca Diana Ardelean and Mengun Zhang
- Publication Date:
- 07-2014
- Content Type:
- Policy Brief
- Institution:
- Centre for International Governance Innovation
- Abstract:
- China has gained substantial economic power in recent years, becoming the second-largest trading nation after the United States and the largest goods-trading nation since 2012 (Eichengreen 2014). It is also currently the largest source of savings and the largest potential source of capital for international investment (ibid.). Measured by GDP, China is now the second-largest economy in the world (see Figure 1), and the World Bank surmises it is likely to surpass the United States in 2014 (World Bank 2014). Because of China's growing economic importance, a shift in power is reasonably assumed. As its economic power grows, internationalization of the RMB has become a key policy goal for China, especially after the 2008 financial crisis (Zhang 2009; Park 2010; China Securities Regulatory Commission [CSRC] 2014). This goal demonstrates China's desire for better integration and representation in the international economic community and signals its willingness to perform internal financial reforms and take more responsibility in global economic affairs.
- Topic:
- Economics, International Trade and Finance, and Monetary Policy
- Political Geography:
- United States, China, and Asia
136. Anthony Spanakos looks at Venezuela befoAnthony Spanakos looks at Venezuela before Chávez — Roger-Mark De Souza examines Indigenous rights and Amazon oil conflicts — Johanna Mendelson Forman on new approaches to regional security.
- Author:
- Johanna Mendelson, Anthony Spanakos, and Roger-Mark De Souza
- Publication Date:
- 03-2014
- Content Type:
- Journal Article
- Journal:
- Americas Quarterly
- Institution:
- Council of the Americas
- Abstract:
- Venezuela Before Chávez: Anatomy of an Economic Collapse by Ricardo Hausmann and Francisco R. Rodríguez BY ANTHONY SPANAKOS During the 1970s, Venezuela was the richest country in Latin America. With the region's highest growth rates and the lowest levels of inequality, it was also one of the most stable democracies in the Americas. But starting in the early 1980s, things fell apart. The nation endured three coup attempts and one presidential impeachment. Per capita growth plunged, and mass protests became the norm. What happened? Venezuela Before Chávez: Anatomy of an Economic Collapse, edited by Ricardo Hausmann and Francisco R. Rodríguez, offers some intriguing answers. Pointedly departing from much of the current research (and political discussion) on Venezuela, which focuses on the 14-year presidency (1999–2013) of late President Hugo Chávez, the editors have assembled a distinguished group of experts with the aim not only of exploring, as they put it, the “enigma” of Venezuela's pre-Chávez collapse, but to explain why some countries go through such turbulence. The unexpected outcomes in Venezuela are used by the authors to challenge hypotheses that rely on big data analysis to explain economic collapse. While the explanation behind Chávez' rise to power may draw attention, as Venezuela continues to be rocked by internal conflict following his death, it is the book's second aim that makes it stand out as an important work of scholarship.
- Topic:
- Economics and Government
- Political Geography:
- United States
137. ASSYMETRIC WARFARE: EXPERIENCES, PERSPECTIVES, INKLING AND CHALLENGES WITH A FOCUS ON ZIMBABWE
- Author:
- Raymond Mharapara, Lucky Bassie Bangidza, and Steven Gwekwere
- Publication Date:
- 06-2014
- Content Type:
- Journal Article
- Journal:
- AUSTRAL: Brazilian Journal of Strategy International Relations
- Institution:
- Postgraduate Program in International Strategic Studies, Universidade Federal do Rio Grande do Sul
- Abstract:
- The world has become dependent on interdependence and globalization because the processes that promote worldwide exchanges of national and cultural resources are generating further interdependence of economic and cultural activities (Robertson 2000). Therefore, one can state that religion and culture are no longer only important ingredients of civilization , but potential causes of division and isolation. A good example is that only a few Muslim governments overtly supported Saddam Hussein, many Arab States privately cheered him on, and he was highly popular among large sections of Arab populaces. When invoking parallels and using them as strong rallying points, Muslims contrasted Western actions against Iraq with the West's failure to protect Bosnia against Serbs and also to impose sanctions on Israel for violating UN resolutions (Huntington 2006, 447). As a result, differences in power and struggles for military, economic and institutional power are now sources of conflict between the West and other civilisations. Consequently, it could be assumed that fundamental economic reforms give rise to necessary political transformation.
- Topic:
- Economics
- Political Geography:
- United States and Zimbabwe
138. Chinese global investment growth pauses
- Author:
- Derek M. Scissors
- Publication Date:
- 07-2014
- Content Type:
- Working Paper
- Institution:
- American Enterprise Institute for Public Policy Research
- Abstract:
- Chinese foreign investment declined through mid-2014 for the first time since the financial crisis. By sector, energy draws the most investment, but a slump in energy spending means that metals and real estate have been more prominent so far in 2014. The United States has received the most Chinese investment since 2005, followed by Australia, Canada, and Brazil. China invests first in large, resource-rich nations but has also diversified by spending more than $200 billion elsewhere. Chinese investment benefits both China and the recipient nation, but host countries must consider thorny issues like Chinese cyberespionage and subsidies.
- Topic:
- Economics, Human Rights, International Trade and Finance, Terrorism, and Foreign Direct Investment
- Political Geography:
- United States, China, Canada, Asia, Brazil, and Australia
139. What Drove the Mid-2000s' Explosiveness in Alternative Energy Stock Prices? Evidence from US, European and Global Indices
- Author:
- Pierre Siklos, Martin T. Bohl, and Philipp Kaufmann
- Publication Date:
- 07-2014
- Content Type:
- Working Paper
- Institution:
- Centre for International Governance Innovation
- Abstract:
- Soaring prices in European alternative energy stocks and their subsequent tumble have attracted attention from both investors and academics. This paper extends recent research to an international setting and analyzes whether the explosive price behaviour of the mid-2000s was driven by rising crude oil prices and an overall bullish market sentiment. Inflation-adjusted US alternative energy stock prices do not exhibit signs of explosiveness. By contrast, we find strong evidence of explosive price behaviour for European and global sector indices, even after controlling for a set of explanatory variables. Interestingly, while the sector indices plunged with the outbreak of the global financial crisis, idiosyncratic components continued to rise and did not start to decline until after world equity markets had already begun to recover in 2009. This finding suggests a substantial revaluation of alternative energy stock prices in light of intensifying sector competition and shrinking sales margins, and casts some doubts on the existence of a speculative bubble. Nevertheless, this paper observes temporary episodes of explosiveness between 2005 and 2007 followed by rapid collapses, indicating the presence of some irrational exuberance among investors.
- Topic:
- Economics, Energy Policy, Oil, and Natural Resources
- Political Geography:
- United States and Europe
140. The Northwest Territories and Arctic Maritime Development in the Beaufort Area
- Author:
- John Higginbotham and Marina Grosu
- Publication Date:
- 05-2014
- Content Type:
- Policy Brief
- Institution:
- Centre for International Governance Innovation
- Abstract:
- The Arctic is facing remarkable climatic and oceanic change that is triggering unprecedented opportunities and challenges for Arctic nations, as well as for countries that do not have Arctic territory but are eager to engage and invest in the region. For Canada and the United States, the Beaufort basin offers unique opportunities for Alaska and Canada's Arctic territories.
- Topic:
- Economics, International Trade and Finance, and Bilateral Relations
- Political Geography:
- United States, Canada, North America, and Arctic