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31. China’s Approach to the Belt and Road Initiative and Europe’s Response

Author:
Giulia Di Donato
Publication Date:
05-2020
Content Type:
Commentary and Analysis
Institution:
Italian Institute for International Political Studies (ISPI)
Abstract:
During the last four decades, China experienced impressive economic growth, becoming one of the leading powers of the global economy. After a century of humiliation imposed by Western and Japanese colonial powers, today the country is demonstrating a strong desire to achieve its national rejuvenation (guojia fuxing). Indeed, under the iconic leadership of President Xi Jinping, China is adopting an increasingly assertive international behavior, balancing the need to protect its sovereignty and strategic interests related to economic and security issues, and the ambition to restore its role of a great power[1]. In this context, the Belt and Road Initiative (BRI) - a massive infrastructure project to improve connectivity between the East and the West, increase regional cooperation and facilitate trade and investments - has been described as China’s grand strategy championing its global governance ambitions[2]. Indeed, BRI-participating economies represent more than one-third of global GDP, and over half of the world’s population (OECD 2017).
Topic:
Regional Cooperation, Economy, Grand Strategy, and Belt and Road Initiative (BRI)
Political Geography:
China, Europe, and Asia

32. Will Oil Become the Achilles Heel of China’s BRI?

Author:
Naser al-Tamimi
Publication Date:
01-2020
Content Type:
Commentary and Analysis
Institution:
Italian Institute for International Political Studies (ISPI)
Abstract:
With more than 136 countries (end-July 2019) reported to have signed up to the Belt and Road Initiative (BRI hereafter) since it was announced by President Xi Jinping in 2013, estimates for China's potential BRI investments vary significantly, from around US $1 trillion to as much as US $8 trillion. China’s spectacular economic rise over the last three decades has been accompanied by a sharp increase in its energy demand. As a result, China is the world’s largest energy consumer. As its economy continues to grow, even at lower rates than before, its dependence on oil and gas imports will increase over the next two decades.
Topic:
Oil, Economy, Soft Power, and Belt and Road Initiative (BRI)
Political Geography:
China and Asia

33. Lebanon: The 3-Decade Impossible Power Sector Reforms

Author:
Jessica Obeid
Publication Date:
03-2020
Content Type:
Commentary and Analysis
Institution:
Italian Institute for International Political Studies (ISPI)
Abstract:
Lebanon defaulted on its debt for the first time in the country’s history. Many factors have contributed to this economic and fiscal crisis, but at the heart of them is the electricity sector, accountable for more than $39.5 billion, equivalent to 43 percent of the public debt, and embodying the core structural issues of Lebanon; a non-functioning confessional system built on the foundation of vested interests.
Topic:
Debt, Infrastructure, Financial Crisis, Economy, and Electricity
Political Geography:
Middle East and Lebanon

34. Will Hezbollah Survive Lebanon's Crisis?

Author:
Marina Calculli
Publication Date:
03-2020
Content Type:
Commentary and Analysis
Institution:
Italian Institute for International Political Studies (ISPI)
Abstract:
Lebanon’s sovereign default comes at a heavy price for Hezbollah. This is not simply because of Hezbollah’s powerful role within the government that failed to repay a $1.2 bn bond on 10 March 2020. This is mainly because Hezbollah’s rivals are likely to use the current financial crisis to impose an external authority over Lebanon and increase pressure on the ‘Party of God’ to disband its armed wing.
Topic:
Security, Financial Crisis, Economy, and Hezbollah
Political Geography:
Middle East and Lebanon

35. Sudan’s Terrible Combination: An Existing Humanitarian Crisis and Covid-19

Author:
Tom Rhodes
Publication Date:
03-2020
Content Type:
Commentary and Analysis
Institution:
Italian Institute for International Political Studies (ISPI)
Abstract:
While there is never a good time for a country to face an epidemic, it could not come at a worse time for a country in transition like Sudan. Prior to the first cases of the coronavirus confirmed on 13 March, the country already faced a humanitarian and economic crisis. In February, the inflation rate was at 71% and prices were double those cited in 2019, according to the US-funded food monitoring body, the Famine Early Warning System (FEWS). The Under-Secretary-General for Political and Peace-building Affairs, Rosemary DiCarlo, told the UN Security Council recently that Sudan’s humanitarian needs were severe, with 9.3 million people needing aid by the end of 2019.
Topic:
Economy, Humanitarian Crisis, Transition, and COVID-19
Political Geography:
Africa and Sudan

36. Frenemies of Sudan’s Transitional Economy

Author:
Yasir Zaidan
Publication Date:
05-2020
Content Type:
Commentary and Analysis
Institution:
Italian Institute for International Political Studies (ISPI)
Abstract:
Only a few short months following the one year anniversary of the Sudanese revolution, Khartoum is facing a global pandemic and a deteriorating economic situation. Over the last decade, Sudanese people have been suffering from inflation and gas shortages as a result of losing 75 percent of its oil revenue that was assumed by South Sudan after the separation of the two states. The failing economy that contributed to the fall of the Bashir's regime is now getting worse, and the transitional government has yet to implement any fundamental reforms to rescue a weak transitional period in Sudan. The government's failure to achieve these reforms stems from deep ideological divisions inside the revolution's political coalition.
Topic:
Oil, Economy, and Transition
Political Geography:
Africa and Sudan

37. Australia-China clashes in the COVID-19 era: Adjusting to a “new normal” in bilateral relations?

Author:
Thomas S. Wilkins
Publication Date:
06-2020
Content Type:
Policy Brief
Institution:
Japan Institute Of International Affairs (JIIA)
Abstract:
The spread of the novel Corona Virus COVID-19 from the Chinese province of Hebei across the world has resulted in a global pandemic of catastrophic proportions. Certain countries have been affected more severely than others, and there have been glaring disparities in how national governments have responded to the outbreak. In addition to the global death toll of 400,000 (and counting), the industrial and financial disruption has been severe, with the Asian Development Bank estimating the loss to the global economy at between USD$ 5.8-8.8 trillion.1 To overcome the current crisis, and work toward a vaccine, global solidarity, including cooperation through multilateral organizations like the World Heath Organization (WHO), is desperately needed.
Topic:
Health, Bilateral Relations, Geopolitics, Economy, and COVID-19
Political Geography:
China, Australia, and Asia-Pacific

38. Occupational change, artificial intelligence and the geography of EU labour markets

Author:
Sybrand Brekelmans and Georgios Petropoulos
Publication Date:
06-2020
Content Type:
Working Paper
Institution:
Bruegel
Abstract:
From 2002 up to 2009, the economies of European Union countries went through a skill upgrading, rather than a polarisation between low-skill and high-skill jobs. After 2009, this changed, with declining real wages and a significant increase in the share of workers in low-skill jobs. This assessment evaluates these changes in connection with labour market variables, population densities and the emergence of machine learning and artificial intelligence.
Topic:
Labor Issues, European Union, Economy, Innovation, Artificial Intelligence, Strategic Competition, and Geography
Political Geography:
Europe

39. A new policy toolkit is needed as countries exit COVID-19 lockdowns

Author:
Olivier Blanchard, Thomas Philippon, and Jean Pisani-Ferry
Publication Date:
06-2020
Content Type:
Policy Brief
Institution:
Bruegel
Abstract:
Most governments have taken measures to protect vulnerable workers and firms from the worst effects of the sudden drop in activity related to COVID-19. But as lockdowns are lifted, the focus must shift, and governments in advanced economies must design measures that will limit the pain of adjustment.
Topic:
Government, Labor Issues, Economy, and COVID-19
Political Geography:
Global Focus

40. Should Denmark and Sweden join the banking Union?

Author:
Dirk Schoenmaker and Svend E. Hougaard Jensen
Publication Date:
06-2020
Content Type:
Policy Brief
Institution:
Bruegel
Abstract:
Though outside the euro area, Denmark and Sweden could benefit from joining the European Union’s banking union. It would provide protection in case of any need to resolve at national level a large bank with a Scandinavian footprint, and would mark a choice in favour of more cross-border banking. But joining the banking union would also involve some loss of decision-making power.
Topic:
Markets, European Union, Economy, and Banks
Political Geography:
Europe, Denmark, and Sweden