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681. U.S.-Japan Relations

Author:
Michael J. Green
Publication Date:
04-2009
Content Type:
Journal Article
Journal:
Comparative Connections
Institution:
Center for Strategic and International Studies
Abstract:
A new calendar year did little to change the tenor of Japanese domestic politics as the public became increasingly frustrated with parliamentary gridlock and the leadership of Prime Minister Aso Taro, whose approval rating plummeted amid a deepening recession. Opposition leader Ozawa Ichiro continued pressure tactics against the government and became the favorite to succeed Aso until the arrest of a close aide damaged his reputation and stunted momentum for a snap election. Aso demonstrated the art of political survival, touting the urgency of economic stimulus over a poll he could easily lose and which need not take place until the fall. In an effort to prevent political turmoil from weakening Japan's global leadership role, the government dispatched two Maritime Self-Defense Force (MSDF) destroyers to participate in antipiracy operations in the Gulf of Aden.
Topic:
International Relations, Economics, and Government
Political Geography:
United States, Japan, and North Korea

682. U.S.-Japan Relations Chronology

Publication Date:
04-2009
Content Type:
Journal Article
Journal:
Comparative Connections
Institution:
Center for Strategic and International Studies
Abstract:
No abstract is available.
Topic:
International Relations, Economics, and Government
Political Geography:
United States and Japan

683. U.S.-China Relations Chronology

Publication Date:
04-2009
Content Type:
Journal Article
Journal:
Comparative Connections
Institution:
Center for Strategic and International Studies
Abstract:
No abstract is available.
Topic:
International Relations, Security, and Economics
Political Geography:
United States, China, and London

684. China-Southeast Asia Relations

Author:
Robert Sutter
Publication Date:
04-2009
Content Type:
Journal Article
Journal:
Comparative Connections
Institution:
Center for Strategic and International Studies
Abstract:
Southeast Asian and broader international attention focused in March on the confrontation between five Chinese government ships and the U.S. surveyor ship USNS Impeccable in the South China Sea near Hainan Island. U.S. and Chinese protests and related media commentary highlighted for Southeast Asian audiences a pattern of U.S. surveillance to learn more about China's growing military presence and activities in the area, and a pattern of China's unwillingness to tolerate such actions in areas where it claims rights that are disputed by the U.S. and other naval powers. The protests and commentary provided a vivid backdrop for China's continued efforts to claim and defend territory in the South China Sea that is also claimed by Southeast Asian nations. Meanwhile, there was little good news on the economic front as China's international trade and economic interchange with Southeast Asia continued to fall rapidly. Chinese diplomatic and political attention to the region remained low during the quarter.
Topic:
International Relations, Economics, and Government
Political Geography:
United States, China, and Southeast Asia

685. Application of Principal-Agent Theory to Security Sector Reform

Author:
James Cohen
Publication Date:
11-2009
Content Type:
Journal Article
Journal:
Journal of Security Sector Management
Institution:
Centre for Security Sector Management
Abstract:
The goal of this paper is to propose principal-agent theory (PAT), a methodology adapted from economics to analyse the relations of a buyer and a seller, as a possible tool for an SSR practitioners' assessment toolbox. The added value of PAT is its capacity to analyse the relationships between actors of the security sector based on observable, measurable and tangible mechanisms that the actors utilise in controlling, resisting, and allying with other actors. This capacity to analyse these relations has been sought out in both academic critiques of SSR and from practitioners themselves. This paper is an initial proposal on the added value of PAT, in addition to demonstrating how it could be used, gaps are also identified on how to potentially take this tool forward to aid the SSR community.
Topic:
Economics
Political Geography:
United States

686. Lending a Hand: A Quantile Regression Analysis of Micro-Lending's Poverty Impact

Author:
Stephen W. Polk and Daniel K.N. Johnson
Publication Date:
12-2009
Content Type:
Working Paper
Institution:
Department of Economics and Business, Colorado College
Abstract:
By one definition, the mean of the national poverty lines for the 10 poorest countries in the world or $1.25/day (2005 USD adjusted to purchasing power parity), the World Bank estimates that there are 1.4 billion people living under the poverty line (Chen and Ravallion, 2008). That represents a significant drop over the last twenty years, some due to policy and some due to concerted private action. Among private anti-poverty programs, none has become more publicized in recent years than micro-finance, or financial services targeting low-income clients.
Topic:
Economics, Gender Issues, and Poverty
Political Geography:
United States

687. The NWIMBY Effect (No Walmart in My Backyard): Big Box Stores and Residential Property Values

Author:
Kristina M. Lybecker, Daniel K.N. Johnson, Nicole Gurley, Alex Stiller-Shulman, and Stephen Fischer
Publication Date:
10-2009
Content Type:
Working Paper
Institution:
Department of Economics and Business, Colorado College
Abstract:
Recent Wal-Mart openings have been accompanied by public demonstrations against the company's presence in the community, asserting (among other things) that their presence is deleterious to residential property values. Consider the following review of the film “Wal-Mart: The High Cost of Low Price”: At the start of intrepid muckraker Robert Greenwald's awareness-building documentary, Wal-Mart CEO Lee Scott addresses an ecstatic crowd of employees to announce yet another year of unparalleled growth for the world's largest store. And though this success also makes Wal-Mart a bigger target of envy and bad feelings, he exhorts the crowd to stay the course: Wal-Mart is vital to families struggling to get by on a budget; to the suppliers who depend on Wal-Mart to sell their goods; and to the “associates” who depend on Wal-Mart for a paycheck. But is it possible that rather than serve these dependents, Wal-Mart is actually destroying them? How can a store that drives down property values and kills off mom-and-pop businesses that can't afford to compete with Wal-Mart's high-volume, low-price strategy be good for a community?
Topic:
Economics and Markets
Political Geography:
United States

688. China: Bogus Boom?

Author:
John H. Makin
Publication Date:
08-2009
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
China's economic statistics have become the envy of the world. On July 15, China reported a 7.9 percent growth rate for the second quarter of 2009 compared to the same period a year earlier. Meanwhile, China's stock markets are on fire, and its property markets are heating up fast as well. Shanghai's two stock markets are up 75 percent and 95 percent respectively so far this year. The more widely traded Hong Kong Index is up 27 percent, a stellar performance compared to largely flat stock markets in the United States, Europe, and Japan. In even stronger contrast, Russia, which is one of China's emerging-market peers, has seen its economy drop by 10.1 percent during the first half of this year, while its stock market has struggled as well.
Topic:
Economics, Emerging Markets, and International Political Economy
Political Geography:
Russia, United States, Japan, China, Europe, and Hong Kong

689. Inflation Scare: Crazy but Real

Author:
John H. Makin
Publication Date:
07-2009
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
The recent steps by the Federal Reserve to preempt deflation have—ironically and unexpectedly— prompted a surge in inflation fears both inside the United States and abroad, especially in China. Specifically, the Fed's measures to go beyond the stimulus inherent in a zero percent federal funds rate by purchasing Treasury and mortgage securities has conjured visions—especially in the eyes of major buyers of Treasury securities, China foremost— of massive money printing to underwrite trillions of dollars of additional government borrowing at low interest rates. As markets have shown, if that were the Fed's intention—which it decidedly is not—the effort would fail because excessive money printing—creating a money supply larger than the quantity of money demanded— would push up interest rates as inflation expectations rose.
Topic:
Economics, International Political Economy, International Trade and Finance, and Monetary Policy
Political Geography:
United States and China

690. Three Lessons from the Financial Crisis

Author:
John H. Makin
Publication Date:
09-2009
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
More than two years have passed since the U.S. housing bubble burst. That event ushered in a financial crisis that was not only intense but also stunning. So stunning in fact, that in August of last year, just a month before the collapse of Lehman Brothers, the global economy was close to a crisis worthy of comparison with the Great Depression, yet neither the markets nor the Federal Reserve had much of an inkling of what was to come. The Standard and Poor's (S) 500 Index had come down to about 1,300 from its October 2007 high of 1,576. Positive growth had just been reported for the U.S. economy during the second quarter of 2008 at an annual rate of 2.8 percent (later revised down to 1.5 percent). Almost one percentage point of that growth came from U.S. consumption, and government spending also contributed. The wave of relief after the Bear Stearns scare in March 2008 had provided a nice boost to the economy and to markets. That boost was further enhanced by the substantial contribution to growth from net exports (2.9 percentage points) thanks to what was, then, continuing strength in the global economy, especially in China, which had reported blistering 10.1 percent year-over-year growth in the second quarter of 2008. These and other positive components more than offset a drag from inventories and residential investment. In short, the real economy had not shown much evidence of damage emanating from the chaos that was churning in the financial sector.
Topic:
Economics, International Political Economy, International Trade and Finance, Markets, Monetary Policy, and Financial Crisis
Political Geography:
United States and China