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21. The Impact of the EAEU-Iran Preferential Trade Agreement

Author:
Amat Adarov and Mahdi Ghodsi
Publication Date:
05-2020
Content Type:
Working Paper
Institution:
The Vienna Institute for International Economic Studies (WIIW)
Abstract:
The preferential trade agreement between the Eurasian Economic Union (EAEU) and Iran on mutual trade entered into force in October 2019. In this report we estimate its expected impact at aggregate and sectoral levels using the gravity model of trade based on the global sample of bilateral trade flows at the HS 6-digit level. The analysis suggests that the implementation of the agreement will boost mutual trade for both trading partners, with relatively greater gains expected for the EAEU’s exports to Iran. On aggregate, the total gains in mutual trade are estimated to reach almost USD 46 million, with exports from the EAEU to Iran expected to increase by 9.7%, compared with a rise in exports from Iran to the EAEU of up to 4%. The difference in the impact will also be significant across the five EAEU countries as well as across sectors, with the major export gains expected to accrue in the chemicals and agri-food sectors, especially trade in miscellaneous fruits and vegetables, as well as in the textile, polymer production and metals sectors.
Topic:
Economics, Treaties and Agreements, Global Political Economy, Exports, and Trade
Political Geography:
Iran, Kazakhstan, Armenia, and Belarus

22. New Productivity Drivers: Revisiting the Role of Digital Capital, FDI and Integration at Aggregate and Sectoral Levels

Author:
Amat Adarov and Robert Stehrer
Publication Date:
04-2020
Content Type:
Working Paper
Institution:
The Vienna Institute for International Economic Studies (WIIW)
Abstract:
The paper studies the drivers of productivity at country and sectoral levels over the period 2000-2017 with the focus on the impact of capital accumulation and structure. The analysis confirms an especially important role of ICT and intangible digital capital for productivity growth, particularly in the manufacturing sectors. While backward global value chain participation and EU integration are also found to be instrumental for accelerating productivity growth, the impact of inward foreign direct investment is not robustly detected when the data is purged from the effects of special purpose entities and outlier countries.
Topic:
Economics, Foreign Direct Investment, European Union, Digital Economy, Capital Flows, and Trade
Political Geography:
Europe and Global Focus

23. How Can Global Governance Be Fixed in an Age of Upheaval?

Author:
Thierry de Montbrial, Robin Niblett, Ed Feulner, and Feng Zhu
Publication Date:
01-2020
Content Type:
Video
Institution:
Institut français des relations internationales (IFRI)
Abstract:
Ifri’s Executive Chairman Thierry de Montbrial spoke at the 20th World Knowledge Forum in Seoul on September 25, 2019 with Robin Niblett, Chatham House's director, Ed Feulner, The Heritage Foundation's Founder and Former President and Feng Zhu, Director of the Institute of International Studies at Nanjing University about the major governance issues of our time. The global geopolitical situation is caught in a maelstrom. The conflict between the United States and China is getting worse and subsequent negative effects are rising. In Europe, Brexit is making the continent more divisive than harmonious. The instability in Middle East is not solved. In addition, the North Korea’s nuclear weapons are an endless source of problem that defies a quick solution, which made the politics surrounding the Korean Peninsula more complex. The problem is that the currently weak global governance may lead the global political landscape into a serious crisis. To give an answer to these problems, heads of top think tanks share their prospect and the future of the global governance, giving a guideline for each country to listen for a better direction.
Topic:
Governance, Geopolitics, Think Tanks, and Trade
Political Geography:
China, Europe, Middle East, North Korea, Global Focus, and United States of America

24. The EU’s Addiction to False Dilemmas in the Mediterranean

Author:
Haizam Amirah-Fernandez
Publication Date:
07-2020
Content Type:
Commentary and Analysis
Institution:
Italian Institute for International Political Studies (ISPI)
Abstract:
There is something deeply and comprehensively flawed in the EU’s relations with its Mediterranean neighbourhood. After more than 50 years of European cooperation, agreements, declarations and plans with the southern Mediterranean and the Arab countries, only one new democratic state (Tunisia) has emerged. A benevolent observer would say this democratisation process was not initiated as a result of the EU’s resolute support for a population demanding freedom from an authoritarian regime. A blunter observer, however, would argue that Tunisians managed to topple their former autocrat despite the support he received from certain European quarters until the very last minute. So much for decades of European pro-democracy rhetoric.
Topic:
International Relations, Democratization, European Union, Crisis Management, and Trade
Political Geography:
Europe and Mediterranean

25. Mining and R&D of Rare Earth Elements: Prospects, Challenges, and Avenues for Indo-Japan Partnership

Author:
Monika Chansoria
Publication Date:
06-2020
Content Type:
Policy Brief
Institution:
Japan Institute Of International Affairs (JIIA)
Abstract:
The prospects for exploring seabed minerals, specifically rare earth elements (REEs) have risen courtesy technological innovations in the field of deep-sea exploration. REEs are identified as a group of 17 chemical elements in the periodic table, found relatively in abundance in the Earth’s crust. They share similar chemical and physical properties and are of vital use in a variety of sectors, including by military manufacturers and technology firms. The largest subgroup within the REEs are the 15 lanthanides. The two other elements being scandium and yttrium. Based on quantity, the lanthanides, cerium, lanthanum, and neodymium are the most produced rare earths elements. These elements earn the distinction of being ‘rare’ for their availability in quantities which are significant enough to support viable economic mineral development of the deposits. However, from a cost-effective point of view, they are not consumable. It is not economically viable to extract these elements for consumption purposes since they are not concentrated enough and remain thinly dispersed as deep as 6.4 kilometers underwater
Topic:
Development, Bilateral Relations, Partnerships, Research, Mining, and Trade
Political Geography:
Japan, India, and Asia

26. Initiating Tibet and English East India Company’s Ties in the 18th Century: The Warren Hastings Years

Author:
Monika Chansoria
Publication Date:
01-2020
Content Type:
Policy Brief
Institution:
Japan Institute Of International Affairs (JIIA)
Abstract:
In the last quarter of the 18th century, Warren Hastings, the first de facto Governor General of India from 1774 to 1785 initiated and set up the English East India Company’s relations with Tibet. The first contact in this reference was initiated by the Tibetans, when, upon hearing the news of the defeat of Bhutan’s King Desi Shidariva by the British forces in the battle for Cooch Behar (1772-1774), the Panchen Lama, Palden Yeshe, wrote a historic letter of mediation addressed to the Governor General. Hastings seized the opportunity, and, in his response proposed a general treaty of amity and peace between Bengal and Tibet.
Topic:
Diplomacy, International Affairs, History, and Trade
Political Geography:
Europe, Asia, England, and Tibet

27. George Bogle’s 1774 Mission to Tibet: Establishing English Trade and Reach beyond Northern Borders of Bengal

Author:
Monika Chansoria
Publication Date:
03-2020
Content Type:
Policy Brief
Institution:
Japan Institute Of International Affairs (JIIA)
Abstract:
In the last quarter of the 18th century, Warren Hastings, the first de facto Governor General of India from 1774 to 1785 initiated and set up the English East India Company’s relations with Tibet. The backdrop to this was created when the ruler (sde-srid or srid-skyon) of Bhutan overran Sikkim some years prior. In 1771, the Bhutanese descended on the plains and invaded Cooch-Behar, taking in the Raja (King) as a prisoner. The royal family called on Warren Hastings for assistance, who, in turn, dispatched a battalion of sepoys. The Bhutanese were driven away from Cooch-Behar and chased into the Duars around winter 1772-1773.1 In the given circumstances, the Bhutanese government appealed the Tashi Lama (who was the acting Regent of Tibet during the infancy of the Dalai Lama) to intervene on their behalf.
Topic:
Diplomacy, Treaties and Agreements, History, and Trade
Political Geography:
India, Asia, England, and Tibet

28. Resisting deglobalisation: the case of Europe

Author:
Zsolt Darvas
Publication Date:
02-2020
Content Type:
Working Paper
Institution:
Bruegel
Abstract:
Global trade and finance data indicates that the pre-2008 pace of economic globalisation has stalled or even reversed. The European Union has defied this trend, with trade flows and financial claims continuing to grow after the recovery from the 2008 global economic and financial crisis. Immigration, including intra-EU mobility, has also continued to increase.
Topic:
Globalization, Immigration, European Union, Finance, Economic growth, Global Financial Crisis, and Trade
Political Geography:
Europe

29. The Impact Of Covid-19 On Sino-African Trade Activities

Author:
Egoh Aziz
Publication Date:
06-2020
Content Type:
Special Report
Institution:
The Nkafu Policy Institute
Abstract:
The recent outbreak of COVID-19 has caused waves of horror and anxiety across many nations in the world. Considering the intense unravelling of the pandemic, no exact figure as per the number of confirmed and death cases worldwide is definite because the situation changes almost every hour. However, on April 14, 2020 3:40 GMT, Worldometer reported 210 countries and territories across the globe having a total of 1,925,179 confirmed cases, and a dead toll of 119,699 deaths. The impact of the pandemic is disastrous globally affecting a variety of sectors including the service and supply chain, as well as trade, manufacturing, and tourism. This article aims to provide a synoptic assessment of the impact of COVID-19 on Sino-African trade activities. It stresses that, if African policymakers revamp their efforts to quickly address COVID-19, the human casualty will be less and African economic growth may experience lesser shock as previewed by the IMF. On the other hand, if they relent their efforts, the human casualty will soar while the growth rate may decline. The effect of COVID-19’s outbreak in China has caused a slowdown on exports and services directed towards China.According to statistics from the General Administration of Customs of China, in 2018, China’s total import and export volume with Africa was US$204.19 billion, a yearly increase of 19.7%, surpassing the total growth rate of foreign trade in the same period by 7.1 percentage points. Among these, China’s exports to Africa were US$104.91 billion, up 10.8% and China’s imports from Africa were US$99.28 billion, up 30.8%; the surplus was US$5.63 billion, down 70.0% every year. The growth rate of Sino African trade was the highest in the world in 2018. This shows that Sino-African trade has a significant contribution to the growth of African economies.
Topic:
Economics, Health, International Cooperation, International Trade and Finance, Trade, Coronavirus, Pandemic, and COVID-19
Political Geography:
Africa, China, Asia, and Cameroon

30. GEOGRAPHY, INTERNATIONAL TRADE AND INSTITUTIONS: AN ECONOMETRIC ANALYSIS OF THE BRICS

Author:
Marcelo Corrêa, Luiz Michelo, and Carlos Schonerwald
Publication Date:
01-2020
Content Type:
Journal Article
Journal:
Conjuntura Austral: Journal of the Global South
Institution:
Conjuntura Austral: Journal of the Global South
Abstract:
After two decades of intense debate about the determinants of economic development, with authors examining the variables that characterize geography, institutions and international trade, BRICS countries were left behind. Thus, in order to fill this gap, this paper uses econometrics of panel data to analyze the economic performance of these developing nations. Mainstream economists have run into serious problems to deal with these particular determinants within the traditional endogenous growth model, and they have not come up with an agreement, so they keep trying to figure out who is the “winner of this competition”. Empirical evidence shows that there is not a unique explanatorydeterminant, and recognizing which of them can provide the best understandingdepends on the particularities of each case (ROS, 2013).Examining BRICS as a group of countries demonstrates that these specific developing nations share some remarkable features. They are rapidly-growing nations with a vast amount of land and growing participation in international trade. So, empirical tests are feasible and desirable in order to understand their recent development. However, they are also different in many aspects, mostly in terms of institutional characteristics. Thus, our goal is to find out if the econometrics of panel data can shed some light on this ongoing debate.
Topic:
International Political Economy, International Trade and Finance, Trade, Trade Policy, Economic Cooperation, and Geography
Political Geography:
Russia, China, India, South Africa, and Brazil