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352. The US Cost of the Afghan War: FY2002-FY2013: Cost in Military Operating Expenditures and Aid, and Prospects for "Transition."
- Author:
- Anthony H. Cordesman
- Publication Date:
- 05-2012
- Content Type:
- Working Paper
- Institution:
- Center for Strategic and International Studies
- Abstract:
- It is surprisingly difficult to get a meaningful estimate of the total cost of the Afghan conflict, total spending on Afghan forces and total spending on various forms of aid. More data are available on US efforts – which have dominated military and aid spending, but even these data present serious problems in reliability, consistency, and definition. Moreover, it is only since FY2012 that the US provided an integrated request for funding for the war as part of its annual budget request. The data for the period before FY2009 are accurate pictures of the Department of Defense request, but there is only a CRS estimate of total spending the previous years.
- Topic:
- Economics and War
- Political Geography:
- Afghanistan and United States
353. Turkey and Saudi Arabia: Newly Discovered Partners?
- Author:
- Muhittin Ataman
- Publication Date:
- 07-2012
- Content Type:
- Policy Brief
- Institution:
- SETA Foundation for Political, Economic and Social Research
- Abstract:
- When we consider Saudi Arabian large population, territories and natural resources, it is obvious that it will continue to preserve its geopolitical, geo-economic and geo-cultural importance in future. The assumption of King Abdullah as the ruler of the country provided an opportunity to restructure the country's foreign policy. The new king began to follow a more pragmatic, rational, interdependent, multilateral and multidimensional foreign policy. He pursues an active foreign policy required to be less dependent on a single state (the United States) and on a single product (oil).
- Topic:
- Foreign Policy, Economics, International Trade and Finance, Oil, Political Economy, and Bilateral Relations
- Political Geography:
- United States, Turkey, Middle East, Arabia, and Saudi Arabia
354. Libertarian Roots of the Tea Party
- Author:
- David Kirby and Emily McClintock Ekins
- Publication Date:
- 08-2012
- Content Type:
- Working Paper
- Institution:
- The Cato Institute
- Abstract:
- Many people on the left still dismiss the tea party as the same old religious right, but the evidence says they are wrong. The tea party has strong libertarian roots and is a functionally libertarian influence on the Republican Party.
- Topic:
- Democratization, Economics, Politics, Insurgency, and Financial Crisis
- Political Geography:
- United States
355. Regulation, Market Structure, and Role of the Credit Rating Agencies
- Author:
- Mark A. Calabria and Emily McClintock Ekins
- Publication Date:
- 08-2012
- Content Type:
- Working Paper
- Institution:
- The Cato Institute
- Abstract:
- During the financial crisis of 2008, the financial markets would have been better served if the credit rating agency industry had been more competitive. We present evidence that suggests the Securities and Exchange Commission's designation of Nationally Recognized Statistical Rating Organizations (NRSROs) inadvertently created a de facto oligopoly, which primarily propped up three firms: Moody's, S, and Fitch. We also explain the rationale behind the NRSRO designation given to credit rating agencies (CRAs) and demonstrate that it was not intended to be an oligopolistic mechanism or to reduce investor due diligence, but rather was intended to protect consumers. Although CRAs were indirectly constrained by their reputation among investors, the lack of competition allowed for greater market complacency. Government regulatory use of credit ratings inflated the market demand for NRSRO ratings, despite the decreasing informational value of credit ratings. It is unlikely that this sort of regulatory framework could result in anything except misaligned incentives among economic actors and distorted market information that provides inaccurate signals to investors and other financial actors. Given the importance of our capital infrastructure and the power of credit rating agencies in our financial markets, and despite the good intentions of the uses of the NRSRO designation, it is not worth the cost and should be abolished. Regulators should work to eliminate regulatory reliance on credit ratings for financial safety and soundness. These regulatory reforms will, in turn, reduce CRA oligopolistic power and the artificial demand for their ratings.
- Topic:
- Economics, Markets, Financial Crisis, and Governance
- Political Geography:
- United States
356. Corporate Welfare in the Federal Budget
- Author:
- Tad DeHaven
- Publication Date:
- 07-2012
- Content Type:
- Working Paper
- Institution:
- The Cato Institute
- Abstract:
- Rising federal spending and huge deficits are pushing the nation toward a financial and economic crisis. Policymakers should find and eliminate wasteful, damaging, and unneeded programs in the federal budget. One good way to save money would be to cut subsidies to businesses. Corporate welfare in the federal budget costs taxpayers almost $100 billion a year.
- Topic:
- Economics, Markets, Monetary Policy, and Financial Crisis
- Political Geography:
- United States
357. Prospects for Global Growth in 2012
- Author:
- Onur Bayramoğlu
- Publication Date:
- 03-2012
- Content Type:
- Policy Brief
- Institution:
- Global Political Trends Center
- Abstract:
- The current concern among many is that what we are faced today is not a usual crisis that is part of the economic cycle, but an era of great stagnation with low growth and high unemployment, not witnessed since the Great Depression of the 1930's. One wonders which country will drive global growth while major actors such as the European Union are now financial casinos, the United States is continuously losing its dynamism, Japan is struggling under demographical problems, and the emerging markets are still too small and volatile. Once again, policy makers acknowledge that the problems of growth are global and systematic; such that if one faces an issue, all of them get contaminated. However, they still seek for solutions in mercantilist national policies.
- Topic:
- Economics, Globalization, International Trade and Finance, Markets, and Financial Crisis
- Political Geography:
- United States and Europe
358. By Invitation, Mostly: the International Politics of the US Security Presence, China, and the South China Sea
- Author:
- Christopher Freise
- Publication Date:
- 08-2012
- Content Type:
- Working Paper
- Institution:
- Centre for Non-Traditional Security Studies, S. Rajaratnam School of International Studies
- Abstract:
- Much attention has been devoted to the Obama Administration's “Pacific Pivot” and the vocal reassertion of an upgraded security, economic, and diplomatic presence in East Asia by the United States. Commentators have ascribed various rationales to these efforts, including speculation that this is part of a “containment” strategy towards China, a reaction to the US presidential election cycle, or, more benignly, an effort to forestall concerns of American withdrawal from the region. These explanations have some elements of truth, but also fall short of fully describing or understanding the strategic rationale behind these moves.
- Topic:
- Security, Foreign Policy, Diplomacy, and Economics
- Political Geography:
- United States, China, Israel, and Asia
359. Managing the Global Response to Maritime Piracy
- Publication Date:
- 10-2012
- Content Type:
- Working Paper
- Institution:
- Atlantic Council
- Abstract:
- The Atlantic Council promotes constructive US leadership and engagement in international affairs based on the central role of the Atlantic community in meeting the international challenges of the 21st century. The Council embodies a nonpartisan network of leaders who aim to bring ideas to power and to give power to ideas by stimulating dialogue and discussion about critical international issues with a view to enriching public debate and promoting consensus on appropriate responses in the Administration, the Congress, the corporate and nonprofit sectors and the media in the United States and among leaders in Europe, Asia, Africa, and the Americas. Through its diverse networks, the Council builds broad constituencies to support constructive US leadership and policies. Its program offices publish informational analyses, convene conferences among current and/or future leaders, and contribute to the public debate in order to integrate the views of knowledgeable individuals from a wide variety of backgrounds, interests and experiences.
- Topic:
- Security, Defense Policy, Economics, Military Strategy, and Maritime Commerce
- Political Geography:
- Africa, United States, Europe, Asia, and Atlantic Ocean
360. Envisioning 2030: US Strategy for a Post-Western World
- Author:
- Robert A. Manning
- Publication Date:
- 12-2012
- Content Type:
- Working Paper
- Institution:
- Atlantic Council
- Abstract:
- The National Intelligence Council in its new report, Global Trends 2030: Alternative Worlds, argues that the historic moment the Obama Administration now confronts “recalls past transition points–such as 1815, 1919, 1945, and 1989–when the path forward was not clear-cut and the world faced the possibility of different global futures.”
- Topic:
- Foreign Policy, Economics, Globalization, Politics, and Hegemony
- Political Geography:
- United States, Europe, and Atlantic Ocean