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4191. Lessons from the Fight against Terrorism

Author:
Dennis Ross, Moshe Yaalon, and Avi Dichter
Publication Date:
12-2005
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
On December 15, 2005, Lt. Gen. (ret.) Moshe Yaalon, Avi Dichter, and Ambassador Dennis Ross addressed The Washington Institute's Special Policy Forum. General Yaalon, a distinguished military fellow at the Institute, is the former Israel Defense Forces (IDF) chief of staff. Mr. Dichter, a visiting fellow at the Brookings Institution's Saban Center for Middle East Policy, is the former head of the Israeli Security Agency (Shin Bet). Ambassador Ross, the Institute's counselor and Ziegler distinguished fellow, is a former U.S. Middle East peace envoy and author of The Missing Peace: The Inside Story of the Fight for Middle East Peace (2004). The following is a rapporteur's summary of their remarks.
Topic:
Security, Development, and Terrorism
Political Geography:
Middle East and Israel

4192. The Consequences of Fatah's Chaotic Primaries

Author:
Ben Fishman and Mohammed Yaghi
Publication Date:
12-2005
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
After a relatively calm first round of Fatah primaries in five of the West Bank's eleven electoral districts, a second round of primaries in five additional districts—four in the West Bank and one in Gaza—held between November 28 and December 3 have caused increased tensions within the movement. Where the victories by the younger generation of Fatah leaders in the primaries could have represented a watershed moment in Fatah's evolution, they have been marred by a haphazard system of voting and numerous accusations of fraud. Moreover, repeated incidents of violence at polling stations demonstrate Palestinian Authority (PA) president Mahmoud Abbas's difficulty in enforcing his principle of One Authority, One Gun even within his own movement. Rather than unifying Fatah, the primaries have highlighted the party's disorganization and divisions. The old guard represented by Fatah's Central Committee, which dominates a committee of the wise tasked to determine Fatah's final electoral lists, will now have greater leverage in that process to place its own members high on Fatah's national list of candidates in Palestinian Legislative Council (PLC) elections scheduled for January 2006.
Topic:
Democratization, Development, and Politics
Political Geography:
Middle East

4193. Fatah Primary Results: Lessons from the First Round

Author:
Ben Fishman and Mohammed Yaghi
Publication Date:
11-2005
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
In preparation for January elections to the Palestinian Legislative Council (PLC), Fatah, the mainstream Palestinian faction that dominates the current council, held its first ever primaries on November 25.
Topic:
Development, Government, and Politics
Political Geography:
Middle East and Palestine

4194. Campaign Season Begins in Israel (Part II): Labor's New Leader, Amir Peretz

Author:
David Makovsky
Publication Date:
11-2005
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
Amir Peretz's decision to pull the Labor Party he leads out of its national unity government with Prime Minister Ariel Sharon set Israel's new political calendar and precipitated Sharon's decision to bolt the Likud Party and consent to elections in March 2006. Peretz is a veteran labor union leader who won the leadership of the Labor Party on November 10, defeating Shimon Peres, a dominant force in the party since 1974.
Topic:
Development, Government, and Politics
Political Geography:
Middle East

4195. Campaign Season Begins in Israel (Part I): Ariel Sharon Bolts from Likud

Author:
David Makovsky
Publication Date:
11-2005
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
On Monday, November 21, Israeli prime minister Ariel Sharon announced that he is bolting the Likud Party and forming a new National Responsibility Party. The Knesset took a preliminary vote to dissolve itself. While wrangling may continue, a final date will soon be set for elections in March 2006. Sharon remains prime minister during the interregnum.
Topic:
Development, Government, and Politics
Political Geography:
Middle East and Israel

4196. Assessing Palestinian Security Reform

Author:
Mohammed Yaghi
Publication Date:
06-2005
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
Palestinian security reform was high on the agenda during Secretary of State Condoleezza Rice's recent visit to Ramallah. A spike in armed clashes, crime, and demonstrations in the territories has highlighted the issue of law and order among the Palestinian people, who are increasingly concerned about their daily security. On June 14, Palestinian Authority (PA) prime minister Ahmed Qurei threatened to suspend the work of the cabinet "if the security forces fail to put an end to the trespasses and anarchy."
Topic:
Conflict Prevention, Security, and Development
Political Geography:
Middle East and Palestine

4197. Sources and Effectiveness of Financial Development: What We Know and What We Need to Know

Author:
Panicos O. Demetriades and Svetlana Andrianova
Publication Date:
12-2005
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
Drawing on recent literature, the paper argue s that institutions and political economy factors hold the key to understanding why some countries have succeeded in developing their financial systems while others have not. The paper also reviews new evidence which suggests that institutional quality may influence the effectiveness of financial development in delivering economic growth. These new findings highlight the possibility that poor countries may be stuck in a bad equilibrium, in which weak institutions inhibit growth both directly and indirectly, through under-developed, low- quality finance. In addition, the paper identifies a number of unanswered questions in the financial development literature, including the precise role of important institutions like law in finance, and the influence of geographical factors.
Topic:
Development, Economics, Political Economy, and Third World

4198. The Poverty Macroeconomic Policy Nexus: Some Short-run Analytics

Author:
George Mavrotas and S. Mansoob Murshed
Publication Date:
12-2005
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
The present paper utilises a short-run theoretical macroeconomic model of a small open economy to look at the impact of macroeconomic policies and financial deepening upon poverty through sectoral changes. This is because an expansion in certain sectors may cause greater poverty reduction. The model involves a non-traded and a traded sector on the formal side of the economy. The former is more capital intensive and the latter more unskilled labour intensive. Increased employment in the traded sector is more pro-poor compared to a similar rise in the non-traded sector as the former draws workers out of poverty in the informal sector. The model in our paper analyses short-run effects of devaluation, a rise in the money supply induced by financial deepening, and taxation to discourage non-traded goods consumption. Financial deepening can induce greater output and reduce poverty. Other results are mixed and taxonomic. We also attempt to differentiate between the stylised experiences of East Asia and Latin America. East Asian economies have relied more heavily on labour-intensive manufactured exports, whereas Latin America has had a relatively greater share of capital intensive and natural resource based exports. In recent decades countries in these two regions have had differing experiences in poverty reduction, with poverty arguably declining more in East Asia.
Topic:
International Relations, Development, Economics, and Poverty
Political Geography:
East Asia and Latin America

4199. Does Financial Openness Promote Economic Integration? Some Evidence from Europe and the CIS

Author:
Fabrizio Carmignani and Abdur Chowdhury
Publication Date:
12-2005
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
We study whether financial openness facilitates the economic integration of formerly centrally planned economies with the EU- 15. Two dimensions of economic integration are considered: cross-country convergence of per-capita incomes and bilateral trade in goods and services. We find that more financially open economies effectively catch-up faster and trade more with the EU-15. These integration-enhancing effects occur over and above any effect stemming from domestic financial deepening and other factors determining growth and trade.
Topic:
Development, Economics, and International Trade and Finance
Political Geography:
Europe

4200. The Effects of (within and with EU) Regional Integration: Impact on Real Effective Exchange Rate Volatility, Institutional Quality and Growth for MENA Countries

Author:
Iftekhar Hasan and Leonardo Becchetti
Publication Date:
12-2005
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
We analyse two potential effects arising from regional (and with EU) integration—increased quality of institutions (including the quality of financial institutions) and, economic policies and reduced multilateral exchange rate volatility— in a conditional convergence growth framework for MENA countries. To this purpose we outline an ad hoc methodology which implements the traditional bilateral exchange rate measures to test effects of multilateral exchange rate volatility on growth of per capita GDP. Our estimates show that both factors (quality of institutions and reduction of multilateral volatility) significantly and positively affect growth and conditional convergence. We observe that MENA countries are not far from EU and OECD countries in terms of exchange rate volatility, but much below in terms of institutional quality. We finally simulate the potential effects of an improvement in institutional quality in MENA countries on their process of growth and conditional convergence. We conclude arguing that regional integration may be highly beneficial for such countries, mainly because of its effects on institutional quality.
Topic:
Development, Economics, and Regional Cooperation
Political Geography:
Europe