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221. The Catalan economy: Crisis, recovery and policy challenges

Author:
Xavier Cuadras-Morató
Publication Date:
05-2017
Content Type:
Special Report
Institution:
Center for Social and Economic Research - CASE
Abstract:
Catalonia is one of the richest regions in Spain. Until the outbreak of the international financial and economic crisis in 2008, it enjoyed a phenomenal economic boom – which then turned into a very severe depression, from which the region began to exit only in 2014. Consolidating the recovery and making the economy more competitive and resilient, and less volatile, are some of the key challenges of economic policy in Catalonia. Also, to improve the region’s social cohesion, policymakers should make sure that economic prosperity is more widely shared, and transform it into an effective tool for social progress.
Topic:
Demographics, Labor Issues, Economic growth, Social Policy, Global Financial Crisis, Economic Policy, Trade, and Recovery
Political Geography:
Europe, Spain, Catalonia, and European Union

222. Economic policy, the international environment and the state of Poland’s public finances: Scenarios

Author:
Aleksander Łaszek
Publication Date:
03-2017
Content Type:
Special Report
Institution:
Center for Social and Economic Research - CASE
Abstract:
Poland’s structural deficit is one of the largest in the EU. While other Member States are taking action to reduce their deficits, the Polish government has not only introduced costly projects, but has also announced additional projects that will further aggravate the state of Polish public finances. The aim of maintaining the nominal deficit under 3% of GDP, as declared by the government, is insufficient because it does not leave a margin of safety in case of an economic slowdown. In the meantime, the turbulent global economy and the structural challenges the Polish economy is facing make the scenario of an economic slowdown increasingly plausible. Dr. Aleksander Łaszek evaluates the government’s current policy through the lens of the challenges that stand a head of Polish economy, and its resilience to shocks, in the new mBank-CASE Seminar Proceedings "Economic policy, the international environment and the state of Poland’s public finances: Scenarios".
Topic:
Debt, Government, Finance, Economic growth, Trade, and Deficit
Political Geography:
Europe, Poland, and European Union

223. The Peripheral Protagonist: The Curious Case of the Missing Trans-Himalayan Trader

Author:
Nimmi Kurian
Publication Date:
03-2017
Content Type:
Special Report
Institution:
Centre for Policy Research, India
Abstract:
It is intriguing that despite a liberal economic narrative of borders as bridges, the transHimalayan trader has remained a rather forlorn and forgotten metaphor. This absence has however neither been voluntary nor anticipated but instead can be traced to fundamental flaws in India’s subregional discourse with its bias toward state-led formal institution building. Far from being marginal, the trans-Himalayan trader was in fact the central protagonist, as can be seen from a reading of the social and economic history of India’s borderlands. While this is not an attempt to read back into history a larger-than-life role for the border actor, it is a cue for India’s subregional discourse to imaginatively re-engage with the expertise and rich form of social capital that the transborder trader represents.
Topic:
Economics, History, Borders, and Trade
Political Geography:
South Asia, India, Asia, and Himalayas

224. Making Inroads: China's New Silk Road Initiative

Author:
Christine R. Guluzian
Publication Date:
01-2017
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
China’s New Silk Road initiative is a multistate commercial project as grandiose as it is ambitious. Comprised of an overland economic “belt” and a maritime transit component, it envisages the development of a trade network traversing numerous countries and continents. Major investments in infrastructure are to establish new commercial hubs along the route, linking regions together via railroads, ports, energy transit systems, and technology. A relatively novel concept introduced by China’s President Xi Jinping in 2013, several projects related to the New Silk Road initiative—also called “One Belt, One Road” (OBOR, or B&R)—are being planned, are under construction, or have been recently completed. The New Silk Road is a fluid concept in its formative stages: it encompasses a variety of projects and is all-inclusive in terms of countries welcomed to participate. For these reasons, it has been labeled an abstract or visionary project. However, those in the region can attest that the New Silk Road is a reality, backed by Chinese hard currency. Thus, while Washington continues to deliberate on an overarching policy toward Asia, Beijing is making inroads—literally and figuratively— across the region and beyond.
Topic:
Infrastructure, Soft Power, Belt and Road Initiative (BRI), and Trade
Political Geography:
China and Asia

225. Now That TPP Is off the Table, What's Next for NAFTA?

Author:
Michelle Nicholasen
Publication Date:
03-2017
Content Type:
Working Paper
Institution:
Weatherhead Center for International Affairs, Harvard University
Abstract:
After President Trump withdrew the United States from the Trans-Pacific Partnership (TPP) trade agreement earlier this year, it seemed that NAFTA was next in his crosshairs. But soon President Trump is expected to take a measured approach to the issue of trade and step away—at least temporarily—from his threats to dismantle the North American Free Trade Agreement (NAFTA) by signing an executive order calling for a comprehensive study of US trade imbalances. The Trump worldview has consistently blamed foreign trade deficits, especially those with China, for job losses here at home. He has wanted to take down NAFTA to purportedly save American jobs, calling it “the single worst trade deal ever approved in this country.”Much like healthcare, trade networks are complicated, and not all agreements have the same goals. It’s instructive to take a closer look at both TPP and NAFTA, two very different trade agreements, to evaluate how a more protectionist stance might play out. Heavily promoted by the Obama administration, TPP would have allowed the United States to form a trade consortium with eleven Pacific Rim nations (representing 40 percent of the world’s GDP) to secure market access and protections for certain US industries. More than this, the political reason to join TPP was to provide a US-led counterweight to China’s growing dominance in the region’s economy.
Topic:
Regional Cooperation, NAFTA, Trans-Pacific Partnership, and Trade
Political Geography:
United States, China, Canada, Asia, North America, and Mexico

226. Brăila at the End of the Nineteenth Century: The Report of Vice-Consul William J. Norcop on the Year 1899

Author:
Cristian Constantin
Publication Date:
07-2017
Content Type:
Journal Article
Journal:
Hiperboreea
Institution:
Balkan History Association
Abstract:
The text proper is preceded by a short historical comment on the activity of the International Trade in the Lower Danube region. The exports and imports of Romania, and her commercial relations with the different European countries had been, from their very beginning, organised on a highly individual basis owing to the initiative and according to the interests of private citizens. The report is an extremely important source for all social aspects related to the Brăila harbour, from statistic dates about export and import, agriculture, navigation, and economic realities in the towns. This document is an alternative to the statistical sources published by the European Commission of the Danube and by the Romanian authorities.
Topic:
Agriculture, Economics, History, Exports, Trade, and Imports
Political Geography:
Europe and Romania

227. Trade under Attack And Necessary Remedies for Dislocation from Economic Change

Author:
Research and Policy Committee of the Committee for Economic Development
Publication Date:
08-2017
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
Research shows that engaging in global trade increases economic prosperity. Policymakers should aid U.S. workers adversely impacted by global trade instead of working to protect U.S. jobs. Trade Under Attack details trade’s immense contribution to the U.S. economy and warns that America risks forfeiting its leadership position if it retreats from trade.
Topic:
Leadership, Trade, and Economic Development
Political Geography:
Global Focus and United States of America

228. The Significance of Erdoğan's Visit to East Africa

Author:
Michael Asiedu
Publication Date:
02-2017
Content Type:
Policy Brief
Institution:
Global Political Trends Center
Abstract:
On the 22nd of January, Turkish President Recep Tayyip Erdoğan embarked on another tour of three East African countries, Tanzania, Mozambique and Madagascar. These visits bring his total trips to 10 in Sub Saharan Africa, the most by any Turkish president. Earlier in 2016, he visited Ghana, Guinea, Cote d’ivoire, Nigeria, Kenya, Uganda and Somalia. These trips to a much larger extent signify the increasing policy attention Turkey is giving Africa.
Topic:
Development, Diplomacy, Bilateral Relations, Geopolitics, and Trade
Political Geography:
Africa, Turkey, Middle East, Mozambique, Tanzania, Madagascar, and East Africa

229. Policy Options for the Softwood Lumber Dispute, Round 5

Author:
Steven Holloway
Publication Date:
06-2017
Content Type:
Policy Brief
Institution:
Centre for the Study of Security and Development, Dalhousie University
Abstract:
Canadian softwood lumber exports to the US have been a perennial trade irritant since at least the 1980s. But recently a “perfect storm” of factors, including a year of increased exports with the ending of the 2006 SLA (Softwood Lumber Agreement) restrictions in October 2015, the recent fall in the Canadian dollar and the unexpected election of the protectionist Donald Trump, all have conspired to make this fifth round of disputation, front-and-centre to the challenged US-Canada bilateral relationship.
Topic:
Environment, Bilateral Relations, Natural Resources, and Trade
Political Geography:
Canada, North America, and United States of America

230. Freeing the “Rice Bowl of Asia”: How Changing Patterns of Interdependence are Driving Political Change in Myanmar

Author:
Alex Ripley
Publication Date:
05-2017
Content Type:
Policy Brief
Institution:
Centre for the Study of Security and Development, Dalhousie University
Abstract:
Wedged between Southeast Asia, China, and the Indian subcontinent, Myanmar occupies a strategically important space which will ensure its relevance to some of the 21st century’s most significant questions, including those surrounding trade routes, energy security, and the competing geopolitical ambitions of Asia’s great powers. Exciting and important changes are underway in Myanmar. After decades of isolation under military governments, the country is taking convincing steps toward democratization. The junta relinquished much of its power in 2010. In 2011, the unpopular Myitsone hydroelectric project was suspended, suggesting a new sensitivity to public opinion. Beginning that year, a nominally civilian government led by Thein Sein (a former Tatmadaw general) embarked on a series of major political and economic reforms. These culminated in the relatively open 2015 elections, in which the opposition National League for Democracy (NLD)—the party of Nobel Prize winner Aung San Suu Kyi—won overwhelming majorities of both houses of parliament. In March 2016, parliament elected Htin Kyaw as the country’s first civilian president in half a century. What explains Myanmar’s relatively rapid transition from authoritarian pariah to fragile democracy? Perhaps international pressure forced the hand of the regime; then again, the West imposed sanctions on Myanmar for years before the military’s grip on power began to loosen. Lee Jones argues that the junta simply liberalized when its objectives were achieved.
Topic:
International Affairs, Military Affairs, Elections, Democracy, Economy, and Trade
Political Geography:
Asia and Myanmar