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171. The ASEAN Synthesis: Human Rights, Non-Intervention, and the ASEAN Human Rights Declaration

Author:
Mathew Davies
Publication Date:
11-2013
Content Type:
Journal Article
Journal:
Georgetown Journal of International Affairs
Institution:
Georgetown Journal of International Affairs
Abstract:
The ASEAN Human Rights Declaration (AHRD) has been welcomed as the most impressive commitment to protecting human rights within ASEAN ever created. At the same time, others have criticized it as fatally flawed, creating no meaningful regional oversight of human rights. In this article I argue that this range of reactions is explicable by understanding the Declaration as embodying what I term the “ASEAN synthesis” between progressive and traditionalist positions held by member states. Since 1997 the progressives have lobbied for substantial reform of ASEAN, including a commitment to human rights. The traditionalists, while not opposed to reform, envisage a traditional approach to regional affairs that prioritizes member-state security through commitments to sovereign equality and non-intervention. The ASEAN synthesis reconciles these two agendas by legitimizing the discussion of human rights within the regional framework while also reinforcing the principle of non-intervention, seriously curtailing the ability of regional institutions and declarations to engage in proactive rights protection. The argument unfolds in three parts. The discussion first identifies the members and interests of the progressive and traditionalist camps, placing them in the context of ASEAN's evolution since 1967 and with particular attention to the 1997 Financial Crisis as the trigger for their emergence. The second section examines the evolution of ASEAN from 1997-2012 and argues that this process can be understood as representing the synthesis of the progressive interest in human rights as aims and the traditionalist focus on orthodox practices. The final section examines the AHRD itself to reveal the influence of both interest groups
Topic:
Human Rights and Financial Crisis

172. Diminishing Quality of Fiscal Institutions in the United States and European Union

Author:
Thomas Grennes
Publication Date:
01-2013
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
The value of government debt relative to the size of the economy has become a serious problem, and the problem is likely to grow in the future. Total debt of the U.S. government relative to gross domestic product increased substantially since the financial crisis and the Great Recession that began in 2007, but the debt ratio has been increasing since 2001. Gross debt relative to GDP increased from 55 percent in 2001 to 67 percent in 2007 to 107 percent in 2012. Comparable figures for debt held by the public (net debt or gross debt minus debt held by various government agencies) were 80 percent in 2011 and 84 percent in May 2012 (IMF 2012). As a result, the debt ratio is now the highest in U.S. history, except for World War II, when it reached 125 percent of GDP (Bohn 2010). U.S. debt is also high relative to the debt of other high-income countries, and projections of future debt place the U.S. government among the world's largest debtors (IMF 2011, 2012; Evans et al. 2012). Gross debt consists of all the bonds issued by the U.S. Treasury, but a broader measure that includes contingent debt results in a much larger debt (Cochrane 2011). Contingent debt includes unfunded obligations related to Social Security, Medicare, Medicaid, and loan guarantees to agencies such as Fannie Mae and Freddie Mac, and these obligations are so large that they have been described as a “debt explosion” (Evans et al. 2012). The sovereign debt crisis of the European Union has similarities to the U.S. debt problem, but it also has significant differences, as will be shown below. Interestingly, the poorer countries of the world that have frequently experienced debt problems in the past, have avoided major debt problems so far.
Topic:
Financial Crisis
Political Geography:
United States and Europe

173. Asian and European Financial Crises Compared

Author:
Edwin M. Truman
Publication Date:
10-2013
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
The European and Asian financial crises are the two most recent major regional crises. This paper compares their origins and evolution. The origins of the two sets of crises were different in some respects, but broadly similar. The two sets of crises also shared similarities in their evolution, but here the differences were more significant. The European crisis countries received more external financial support, despite the fact that they involved more solvency issues while the Asian crises involved more liquidity issues. On balance, the reform programs in the European crises were less demanding and rigorous than in the Asian crises. Partly as a consequence, the negative impacts on the global economy have been larger. I draw three lessons from this analysis: First, history will repeat itself; there will be other external financial crises. Second, other countries have a stake in appropriate crisis management. Third, the IMF and other countries were mistaken in treating the European crises as individual country crises rather than as a crisis for the euro area as a whole that demanded policy conditionality on all members of the euro area.
Topic:
Economics, International Trade and Finance, International Monetary Fund, and Financial Crisis
Political Geography:
Europe and Asia

174. An Economic NATO: A New Alliance for a New Global Order

Author:
C. Boyden Gray
Publication Date:
02-2013
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
In the aftermath of World War II, the greatest concern facing the United States and its European allies was restraining the Soviet Union and preventing the spread of communism. Cooperation on military security was paramount, and the United States and Europe rose to the challenge by creating NATO, a new type of multilateral defense agreement. Once again, the transatlantic relationship is at a new and perilous crossroads. But now it is economic, rather than military security that is at risk. Crisis grips the economies of Europe, just as the United States, mired in historic levels of unemployment in the wake of the 2008 recession, is rethinking its strategic priorities and place in the world. As before, fears mount concerning the future of liberal democracy and Western capitalism. The question is whether transatlantic cooperation will again rise to the challenge.
Topic:
NATO, Economics, International Trade and Finance, Treaties and Agreements, Financial Crisis, and Reform
Political Geography:
United States, Europe, and North America

175. Throwing Down the Gauntlet

Author:
Carol Bellamy
Publication Date:
03-2013
Content Type:
Journal Article
Journal:
World Policy Journal
Institution:
World Policy Institute
Abstract:
President Barack Obama has thrown down the gauntlet with his call for "a better way to welcome the striving, hopeful immigrants who still see America as a land of opportunity." It's a bold move for a mainstream politician. Across the world, and particularly in rich countries that are bobbing in the wake of the global financial crisis, politicians are running scared on immigration. Catcalls about immigrants sound especially tuneless here in the United States, where some 40 percent have at least one ancestor who arrived at Ellis Island between 1892 and 1954. Indeed, the wealth of this country has been built by risk-takers who had the courage to launch themselves into the unknown.
Topic:
Financial Crisis
Political Geography:
United States, America, Germany, and Island

176. Europe's Strategic Future: Implications of the Eurozone Crisis

Publication Date:
05-2013
Content Type:
Working Paper
Institution:
Atlantic Council
Abstract:
The analysis of the eurozone crisis is often limited to an assessment of its impact on the political and economic future of the European Union. Far less attention is given to how the crisis will shape Europe's role in the world and how other corners of the globe perceive Europe as a strategic actor. The economic crisis that began in 2008 has now become a multidimensional political crisis for both the northern and southern countries of Europe, and the trends do not all go in the same direction.
Topic:
Economics, International Trade and Finance, and Financial Crisis
Political Geography:
Europe

177. A simple model of multiple equilibria and sovereign default

Author:
Daniel Gros
Publication Date:
07-2012
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
This paper presents a simple model that incorporates two types of sovereign default cost: first, a lump-sum cost due to the fact that the country does not service its debt fully and is recognised as being in default status, by ratings agencies, for example. Second, a cost that increases with the size of the losses (or haircut) imposed on creditors whose resistance to a haircut increases with the proportional loss inflicted upon them.
Topic:
Debt, Economics, International Trade and Finance, Markets, and Financial Crisis
Political Geography:
Europe

178. Money and power: EU budget negotiations in a time of austerity

Author:
Sara Hagemann
Publication Date:
05-2012
Content Type:
Policy Brief
Institution:
Danish Institute for International Studies
Abstract:
The ongoing negotiation of the EU's multi-annual budget is heavily constrained by how the decision process takes place. Governments focus on narrowly defined national interests, rather than on securing a better budget for Europe. While the budget is small in size, it could be used as a powerful political tool for much needed economic growth policies on a larger scale.
Topic:
Debt, Economics, Government, and Financial Crisis
Political Geography:
Europe

179. A Summary of the Liveability Ranking and Overview

Publication Date:
08-2012
Content Type:
Working Paper
Abstract:
The concept of liveability is simple: it assesses which locations around the world provide the best or the worst living conditions. Assessing liveability has a broad range of uses, from benchmarking perceptions of development levels to assigning a hardship allowance as part of expatriate relocation packages. The Economist Intelligence Unit's liveability rating quantifies the challenges that might be presented to an individual's lifestyle in any given location, and allows for direct comparison between locations.
Topic:
Development, Globalization, Infrastructure, Financial Crisis, and Urbanization

180. The Dream Deferred

Author:
Marcelo M. Suárez-Orozco
Publication Date:
05-2012
Content Type:
Journal Article
Journal:
Americas Quarterly
Institution:
Council of the Americas
Abstract:
Children are the unwitting victims of exclusionary policies toward immigrants. (video interview available)
Topic:
Security, Economics, and Financial Crisis
Political Geography:
America and Georgia