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131. The Great Reset and the Near-Term Implications for the Chinese Economy

Author:
R. Reghunanadhan and J. T. Karackattu
Publication Date:
09-2024
Content Type:
Journal Article
Journal:
AUSTRAL: Brazilian Journal of Strategy International Relations
Institution:
Postgraduate Program in International Strategic Studies, Universidade Federal do Rio Grande do Sul
Abstract:
The Great Reset has had a severe impact on the Chinese economy, with implications domestically, and on the global supply chain. One consequence has been the decline in the overall market demand in China, with a significant negative impact on infrastructure development and the labour industry. A unique aspect is a survey is to analyze the impact of COVID-19 on innovation and integration of digital technologies in China. The authors explicate the impact of the Great Reset on the Chinese economy, the implications on the supply chains that China is a crucial part of, and the global implications thereof.
Topic:
Labor Issues, Economy, Innovation, COVID-19, Supply Chains, and Great Reset
Political Geography:
China and Asia

132. Palestine 2023: Palestinian Perception of Migration

Author:
Arab Barometer
Publication Date:
06-2024
Content Type:
Special Report
Institution:
Arab Barometer
Abstract:
On the eve of October 7, about a third of Gazans and about a fifth of West Bankers said they were considering emigrating from Palestine. The main drivers seem economic, political, educational, security and concerns about corruption. The most preferred destination for immigration is Turkey, followed by Germany, Canada, the United States and Qatar. The vast majority of Palestinians reported receiving no remittances from relatives in the diaspora. The vast majority supports the right of foreign domestic workers in Palestine to always have their passports, to a day off a week, and to a bank account in which they receive their salaries. These are the results of the latest wave of the Arab Barometer (AB) poll in Palestine, the 8th to be conducted since the start of these polls in the Arab World. This report is restricted to findings related to Palestinian perception of migration. The poll was conducted by the Palestinian Center for Policy and Survey Research (PSR) in the West Bank and the Gaza Strip essentially during the period immediately before the start of the October the 7th war in the Gaza Strip and its envelop on the Israeli side.
Topic:
Security, Corruption, Education, Migration, Economy, and Survey
Political Geography:
Middle East, Palestine, Gaza, and West Bank

133. Jordan: Public Opinion Report 2024

Author:
Arab Barometer
Publication Date:
07-2024
Content Type:
Special Report
Institution:
Arab Barometer
Abstract:
Arab Barometer’s Wave VIII survey captures public opinion in Jordan at a critical time. As the COVID-era restrictions and changes receded, many of the challenges Jordan had been facing over the previous decade returned to the fore. From the early 2010s until Arab Barometer’s 2022 survey, there had been consistent declines in views of government and economic challenges continued to mount. However, in the weeks before the planned survey, the events of October 7, 2023 shook the region, but particularly Jordan as a country bordering Israel. Israel’s subsequent military campaign in Gaza deeply affected Jordanian public opinion, particularly given the large number of Jordanians of Palestinian descent. Results from the survey strongly suggest that the impact from the war in Gaza not only shaped views of international actors, but also influenced perceptions of domestic issues in Jordan. In effect, it is difficult to overstate the importance of this issue for Jordanian public opinion or to accurately understand it separately from the situation in Gaza.
Topic:
International Relations, Corruption, Environment, Migration, Public Opinion, Democracy, Economy, Survey, Freedom, Gender, and 2023 Gaza War
Political Geography:
Middle East and Jordan

134. Migration in the Middle East and North Africa (2023-2024)

Author:
Arab Barometer
Publication Date:
08-2024
Content Type:
Special Report
Institution:
Arab Barometer
Abstract:
Migration has been a major issue affected the Middle East and North Africa (MENA) region has for decades. Many citizens across the region have sought to leave their homelands in search of life in foreign countries. Arab Barometer has been monitoring attitudes toward migration in the region since 2006. The newest Wave VIII surveys between 2023 and 2024 reveal that sizable percentages of people across the region want to leave their countries in pursuit of better living conditions elsewhere. Levels of desire to emigrate, however, vary based on domestic conditions and whether it is actually possible to emigrate. For example, while nearly half of Tunisians want to leave their country, fewer than a fifth of Kuwaitis share this wish. These levels have remained largely stable in recent years for the countries surveyed. Potential migrants tend to be young and with a college education. Youth generally are more likely to express their desire to leave their countries and embark on a life elsewhere. The same is true for those with better education; in part, the college-educated may be more likely to expect to be able to find better jobs and opportunities than those with no more than a secondary education. At the same time, gender plays a lesser role in most countries surveyed.
Topic:
Education, Migration, Economy, and Survey
Political Geography:
Middle East and North Africa

135. Lebanon: Public Opinion Report 2024

Author:
Arab Barometer
Publication Date:
10-2024
Content Type:
Special Report
Institution:
Arab Barometer
Abstract:
Lebanon continues to struggle with the long shadow of the 2019 financial collapse, made even worse by the onset of the COVID-19 pandemic and the August 2020 Beirut port explosion. In 2022, the International Monetary Fund (IMF) reached a Staff-Level Agreement (SLA) with Lebanese authorities which would provide the equivalent of three billion USD in aid conditional on significant political reforms (source). Two years later political maneuvering and infighting has successfully prevented the implementation of any of the required political reforms and none of the multi-billion-dollar aid has been released. The citizens of Lebanon are suffering. Most citizens say they struggle to cover their monthly expenses, there has been a sharp increase in food insecurity, and all citizens, regardless of income, suffer near daily electricity outages. Lebanese citizens lay the blame for the pervasive socio-economic ills at the feet of their government. No one has confidence in the government’s ability to solve the country’s problems. The long-term crisis has resulted in increasing apathy towards the political system, especially among the less economically stable. Citizens are increasingly likely to say the type of government the country has does not matter for people like them.
Topic:
Corruption, Environment, Gender Issues, Migration, Public Opinion, Democracy, Economy, Discrimination, Survey, and Political System
Political Geography:
Middle East and Lebanon

136. Iraq Public Opinion Report 2024

Author:
Arab Barometer
Publication Date:
12-2024
Content Type:
Special Report
Institution:
Arab Barometer
Abstract:
If uncertainty was the key theme reverberating through Arab Barometer’s 2022 seventh wave findings in Iraq, emergent stability—however slight—is the main one echoing its eighth wave, at least with respect to domestic politics. To be sure, the country still faces many challenges, and protests over corruption, elections, women’s rights, climate change-induced power outages, among other issues have continued to episodically arise. But public sentiment appears to be responding to the efforts of Prime Minister Mohammed Shia’ Al-Sudani’s government, which has begun to tackle some of the country’s most pressing issues. For Iraqi citizens, corruption remains the biggest challenge facing the country, though there is a considerable increase in the share of citizens who suggest that the government is tackling the issue. Economic grievances, chief among which are a lack of jobs, also continue to preoccupy citizens. More than half of all Iraqis are confronting food insecurity, and sizable numbers are adapting negative coping strategies to access food. Even more pressing than the affordability of food is the affordability and availability of housing. Still, a small but rising share of citizens positively assess the government’s efforts to create jobs and curb inflation. So, despite ongoing challenges, optimism about the future of the economy is on the rise, signifying the reversal of an otherwise downward trend that had been effect since 2013.
Topic:
International Relations, Corruption, Environment, Gender Issues, Public Opinion, Democracy, Economy, and Survey
Political Geography:
Iraq and Middle East

137. The Trinity of COVID Era Inflation in G7 Economies

Author:
Joseph E. Gagnon and Asher Rose
Publication Date:
12-2024
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics (PIIE)
Abstract:
COVID era inflation was driven by a unique combination of three shocks: First, a plethora of pandemic-related shifts in demand patterns and disruptions to supply caused prices of consumer durable goods to skyrocket. Second, the Ukraine war caused the largest global commodity price surge in 40 years, which mainly affected prices of nondurable goods such as food and gasoline. Third, strong monetary and fiscal responses to the pandemic recession caused labor markets to tighten, pushing up prices of services. This paper estimates models of the components of consumer prices in each G7 economy in order to document the transmission of these shocks. The first two shocks had run their course by 2023, enabling overall inflation to decline sharply from its 2022 peak. But labor markets remained at least moderately tight in most G7 economies in 2024, and services inflation remained noticeably higher than its pre-pandemic level.
Topic:
Economy, Inflation, G7, COVID-19, and Goods and Services
Political Geography:
Global Focus

138. Misconceptions about US Trade Deficits Muddy the Economic Policy Debate

Author:
Maurice Obstfeld
Publication Date:
08-2024
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics (PIIE)
Abstract:
The distrust of openness to the global economy shared by Republican and Democratic leadership derives in part from a faulty premise that persistent US trade deficits have been imposed on the United States by foreign countries and have contributed significantly to US deindustrialization. In fact, the deficits have important domestic sources, and the main drivers of US manufacturing employment decline lie elsewhere. Two theories that blame foreign countries for deficits hold that deficits arose from unfair competition by trade partners or from a “global savings glut.” The author says the first theory is wrong, the second is incomplete, and economic isolationism is not a solution. Trade and current account deficits result generally from an economy’s collective decisions to save and invest. Freer trade does not necessarily raise investment more than saving, and an investment-driven deficit is likely positive for the economy. The years 1998–2001 during and after the Asian financial crisis led to the dollar appreciating and a rise in the US deficit, consistent with the global saving glut theory. But subsequently in the 2000s, foreign capital was not pushed into the United States from abroad; rather it was pulled and the dollar depreciated. The causes were easy financial conditions, a housing bubble, and strong US consumption—trends that ended in a financial crisis. Understanding this history is essential if the United States is to avoid destructive protectionism and other harmful economic policies.
Topic:
Economy, Economic Policy, Free Trade, Trade Deficit, and Deindustrialization
Political Geography:
North America and United States of America

139. Economic impacts of electricity supply shortages in South Africa

Author:
Hiroaki Suenaga
Publication Date:
12-2024
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
This study examines the sectoral impacts of electricity supply shortages in South Africa, using the cost share information available from the 2015 social accounting matrix. A simulation conducted under each of two technological assumptions, Cobb-Douglas and Leontief, reveals that a productivity decline in the electricity, gas, steam, and hot water supply (EGSH) sector increases the price of the EGSH sector substantially, while it affects the other sectors marginally due to the small cost shares of the EGSH factor in these sectors. The total cost of supplying the baseline final demand increases by ZAR19 billion or 0.46% of the baseline gross value added (GVA) when EGSH productivity declines by 10%. This cost impact expands to ZAR150 billion or 3.57% of GVA when EGSH productivity is halved. Large shares of these cost increments are incurred by the EGSH and manufacturing sectors, owning to the direct physical impact of productivity decline for the former and a large share of its sectoral GVA in the aggregate economy for the latter. The simulation also indicates that the equilibrium wage should increase by a greater extent for workers with a lower education than for those with a higher education if the baseline final demands are to be met at the higher EGSH output price after the sector’s productivity decline
Topic:
Economy, Manufacturing, Electricity, Supply, and Productivity
Political Geography:
Africa and South Africa

140. Global Dynamics in a Year of Domestic Contestations and Political Shifts

Author:
Karim El Aynaoui, Paola Magri, Samir Saran, Harsh V. Pant, and Vivek Mishra
Publication Date:
12-2024
Content Type:
Special Report
Institution:
Italian Institute for International Political Studies (ISPI)
Abstract:
2024 marked the largest election year in history, with millions of people across the world going to the polls to elect their representatives and leaders. However, in the Global North, Donald Trump’s decisive election victory in the United States threatens to undermine multilateral governance structures that are already under strain. In the Global South, emerging economies from the expanded BRICS group and beyond strive to speak with a single voice, and their actions continue to be shaped by national dynamics. How will domestic shifts impact international collaboration across the globe? Will we experience new trade wars? Will efforts to tackle climate change slow down? And how to restore hope and support a newfound impetus in multilateral governance? Seeking to answer these questions, the Italian Institute for International Political Studies (ISPI), the Observer Research Foundation (ORF) in India and the Policy Center for the New South (PCNS) in Morocco, are delighted to announce the launch of the 2nd Annual Trends Report, involving experts from the three think tanks.
Topic:
Security, Climate Change, Development, Science and Technology, Governance, Economy, Global South, Multilateralism, Donald Trump, Energy, Geoeconomics, and Digital Transition
Political Geography:
Middle East and North Africa