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331. Latin America in the Czech Foreign Policy

Author:
Martin Hrabálek
Publication Date:
12-2017
Content Type:
Book
Institution:
Institute of International Relations Prague
Abstract:
Latin America is a distant region. Its political affairs do not play a really important role in the Czech foreign policy in general. The Czech interest in the region is primarily economic, as a number of countries in the region are already quite developed or on the way to becoming developed. The economic ties with Latin America are growing steadily, as is the volume of trade between the Czech Republic and countries in the region. Generally the Czech Republic pursues a rather neutral foreign policy towards Latin American countries, and the events there are unlikely to become subjects of politicization in the Czech Republic or to polarize the Czech political scene. Otherwise, on the part of the Czech Republic, an economically more proactive policy toward Latin America could be identified in 2017, with a growing perception of Latin America as an attractive region for both trade and investments.
Topic:
International Relations, Foreign Policy, Economy, and Trade
Political Geography:
Europe, Latin America, and Czech Republic

332. Public Diplomacy: A Lack of Political Support and Long-Term Vision

Author:
Jana Peterková and Eliska Tomalova
Publication Date:
12-2017
Content Type:
Book
Institution:
Institute of International Relations Prague
Abstract:
In the field of Czech public diplomacy, the year 2017 did not represent an exceptional year that would bring new major topics or changes. It can be characterised as a transition period from a situation of instability and maybe even uncertainty about the future and leadership of the most visible actor of Czech cultural diplomacy – the Czech Centres (CC). In the second half of the year, however, we may identify new positive ways of strategic thinking about their future. 2017 also saw a continuous trend in the diversification of fields and practices in public diplomacy areas where new forms of diplomatic practice and fields of activity gained a greater place and more attention, such as sports diplomacy. Last, but not least, the Czech public diplomacy has remained dominated by a pragmatic view prioritising the economic potential of various public diplomacy activities without a stronger support for a longer-term vision.
Topic:
Diplomacy, Culture, Sports, and Economy
Political Geography:
Europe and Czech Republic

333. The Influence of Economic Migration on the Polish Economy

Author:
Agata Górny, Paweł Kaczmarczyk, and Joanna Tyrowicz
Publication Date:
11-2017
Content Type:
Special Report
Institution:
Center for Social and Economic Research - CASE
Abstract:
In the ongoing public debate on economic migration to Poland, emotional statements, or those without any basis in data, often have the upper hand. But in order to speak rationally about Poland as a destination country for immigrants, it is necessary to fully understand the conditions – and in particular the weaknesses – of the Polish labor market. It’s also worth becoming aware of the scale of the processes being discussed. In the 149th mBank-CASE Seminar Proceedings, Joanna Tyrowicz analyzes whether immigration could be a significant labor market driver in Poland. Paweł Kaczmarczyk and Agata Górny discuss the structural consequences of the inflow of Ukrainian workers to the Polish labor market.
Topic:
Markets, Migration, Labor Issues, Immigration, and Economy
Political Geography:
Europe, Poland, and European Union

334. On the importance of triangulating datasets to examine Indians on the move

Author:
S. Chandrasekhar, Mukta Naik, and Shamindra Nath Roy
Publication Date:
11-2017
Content Type:
Working Paper
Institution:
Centre for Policy Research, India
Abstract:
Beyond summing up salient migration trends from existing data sources; a new working paper by researchers from Centre for Policy Research and Indira Gandhi Institute for Development Research (IGIDR) builds on a critique of the estimations made by the Economic Survey 2017 to outline fresh ideas for developing leading indicators that will help inform policy. This is particularly needed because even as Indian policymakers are increasingly recognising the linkages between migration, labour markets and economic development, the lack of frequently updated datasets limits our understanding of migration.
Topic:
Development, Migration, Labor Issues, Economy, and Social Policy
Political Geography:
South Asia, India, and Asia

335. Education in the Arab World: Measuring Up Or “Upping” Our Measures?

Author:
Fida Adely
Publication Date:
09-2017
Content Type:
Special Report
Institution:
Center for Contemporary Arab Studies
Abstract:
Professor Adely discusses how flawed quality measures often shape our understanding of education in the Middle East and what a closer look at these measures can tell us.
Topic:
Education, Children, Economy, Research, and Youth
Political Geography:
Middle East, Arab Countries, and North Africa

336. Venezuela Is in a Dark Place, But There Are Ways Forward

Author:
Jennifer McCoy
Publication Date:
11-2017
Content Type:
Special Report
Institution:
Georgetown Journal of International Affairs
Abstract:
Venezuelan elections, characterized by unequal media access, unfair use of public financing and pressure on public employees to support government-backed candidates, have long disadvantaged the opposition. However, in light of President Nicolás Maduro’s public approval ratings hovering around 20% and Venezuela’s current recession, the opposition Democratic Unity coalition (MUD) thought it could easily win at least half of the gubernatorial elections on October 15, 2017. When the national election council announced the results, however, it showed the opposition winning only five of the 23 races.
Topic:
Authoritarianism, Elections, Economy, Protests, and Journalism
Political Geography:
South America and Venezuela

337. Laboratory of Democracy? Turkey’s Scientific Institutions After the July 15 Coup

Author:
Reuben Silverman
Publication Date:
10-2017
Content Type:
Special Report
Institution:
Georgetown Journal of International Affairs
Abstract:
Since Turkey experienced a failed coup attempt a year ago, hardly a week goes by without news of new firings, suspensions, detentions, and arrests. By the end of June 2017, over 138,000 government employees had been removed from their jobs and over 110,000 citizens had been detained—with nearly half of these detentions leading to formal arrests. Numbers of this size are daunting. To put them in perspective and to give some sense of how the post-coup purges have affected institutions and lives in Turkey, consider the case of TÜBİTAK.
Topic:
Science and Technology, Democracy, Economy, Recep Tayyip Erdoğan, and Coup
Political Geography:
Turkey and Middle East

338. Foreign Investment in Cuba: From Conflict to Resolution

Author:
Rafael-Andrés Velázquez-Pérez, Miguel-Ángel Michinel-Álvarez, Margaret Crahan, and Gabriel Vignoli
Publication Date:
01-2017
Content Type:
Book
Institution:
Institute for Latin American and Iberian Studies at Columbia University
Abstract:
This manuscript originates from research initiated in 2010 at the University of Vigo in International Private Law with a specific focus on International Investment Law. The objective was to analyze the impact of the new paradigm of sustainability on this sphere of the law, with an emphasis on developing countries, and more specifically Cuba. This line of research has resulted in several publications intended for a Spanish-speaking scientific-juridical audience. Yet there is no scholarly work directly aimed at US investors as a prioritized target group. Being the first single Foreign Direct Investor in the world, and given its geopolitical and economic proximity, the US is bound to play a prime role in the field of investments in Cuba—despite political complications. As a consequence, we opted for a bilingual monograph on this topic with a dual purpose. The first part of the book, which is aimed at reaching a wide audience, examines the role played by foreign investment in Cuba and the country’s interest in attracting it by providing investors with a modern, stable, and coherent legal framework that is in line with current international standards. The second part of the book delves into specific technicalities of international investment law— with an emphasis on the conflict resolution system, which finds in arbitrage its main mechanism. This part, technical in nature, is not directly aimed at potential investors as much as their legal advisers, legal firms, arbitrators, and specialized scholarly communities—without whose input the success of foreign direct investment would be impossible. The text also engages critically with the specificities of US-Cuba relations in the context of Foreign Direct Investment. As shown in the first part of this monograph, it seems clear that the strategies pursued by different US administrations have thus far failed. It would be to the US’ benefit to forego the current policy of confrontation in favor of one of cooperation, as exemplified by the approaches taken by Latin America, xiv Europe, and Canada. The US should not lag, if it wants to attain a strategic position in the global repositioning toward the developing Cuban market. There is a need for targeted diplomatic and legislative efforts aimed at strengthening cooperation between the two countries in terms of investment. Among the challenges is the absence of a Bilateral Investment Treaty (BIT) between Havana and Washington. The obstacles faced by the Trump administration in the political, diplomatic, and financial sphere indicate that excessive isolationism and protectionism are not only counterproductive from a financial viewpoint, but they also imply for the US a loss of sovereignty and a diminished capacity to influence the international context. Should the US not change its current policy, it will be outperformed by other international actors such as the European Union and the BRICS (Brazil, Russia, India, and China) as investors in Latin America and in Cuba.
Topic:
Treaties and Agreements, Bilateral Relations, Foreign Direct Investment, Law, Economy, and Legislation
Political Geography:
Cuba, Latin America, Caribbean, and United States of America

339. The Japanese Experience with QE and QQE

Author:
John Greenwood
Publication Date:
01-2017
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
This article provides an overview of the three episodes of quantitative easing (QE) pursued by the Bank of Japan (BOJ) since 2001. It begins with a brief account of the initial reluctant shift to unorthodox policies under BOJ Governors Hayami and Fukui in 2001–06 (here designated QE1) and then covers the equally reluctant adoption of QE by Governor Shirakawa in 2010–13 (QE2). The article then turns to an account of the attempt since April 2013 by the BOJ under Governor Kuroda, designated “quantitative and qualitative easing” (QQE), to revive the economy and achieve a 2 percent inflation target. None of these attempts at QE has been successful in raising the broad money growth rate for M2 sustainably above the 2–3 percent per annum range where it has languished for the past 25 years. Consequently, Japan’s attempts at QE have all failed to raise the equilibrium level of Japanese nominal GDP by any material magnitude, and so far, attainment of the 2 percent inflation target under QQE has remained elusive. At the time of writing (October 2016), the Japanese economy therefore continues to grow at a low rate with periodic lapses into deflation. After discussing the case of Japan, the article compares the experience of the United States in 1929–33, when there was no QE, and the experience of 2008–14, when the Fed conducted QE over three periods. The comparison is deliberately focused on the quantitative aspects of the policy, not its interest rate effects. Finally, the article explains that there are two brands of QE, and that the failure of QE in Japan is fundamentally due to the choice of the wrong brand of QE. Given the type of QE that the Japanese authorities have chosen, the policy cannot be expected to succeed, except under limited conditions.1 If QE were to be implemented according to a different design, the prospects of success would be much greater. In brief, the primary reason for the failure of BOJ-style QE or QQE derives from the habitual tendency to buy securities from banks instead of from nonbank private-sector entities (such as nonbank financial firms, nonfinancial firms, households, or foreigners). While QE policy in Japan boosts the monetary base, it does not increase broad money. But it is broad money that drives nominal GDP, not the monetary base.
Topic:
History, Economy, Banks, and Central Bank
Political Geography:
Japan and Asia

340. What Ukraine Should Demand of Itself and from the West

Author:
Natalie A. Jaresko
Publication Date:
03-2017
Content Type:
Working Paper
Institution:
Center for Transatlantic Relations
Abstract:
This paper is part of CTR's Working Paper Series: "Eastern Voices: Europe's East Faces an Unsettled West." Once again, the world is grappling with historic challenges, as it did when the Soviet Union fell in 1991, and once more, Ukraine is at the forefront of these challenges. The Kremlin’s attempts to destroy Ukraine’s European aspirations is simply one of Russia's many challenges to the post-World War II international liberal order. The actions of the Kremlin -- be they in Ukraine, Georgia, Moldova, and Syria; in the U.S. electoral process; or in the funding of far-right and far-left political parties throughout Europe -- have but one purpose: to destroy the transatlantic partnership and the principles of the post-World War II order and peace. Ukraine is simply one of the battlegrounds, but it is a key because it is in Europe. Unity of the transatlantic partnership and of the democratic nations is critical. Unity of support for the Ukrainian transition process is a serious part of this battle, because Ukraine’s successful democratic, rule-of-law based transformation is key to ensuring a Europe whole, free and at peace.
Topic:
International Trade and Finance, Territorial Disputes, Economy, and Protests
Political Geography:
Russia, Europe, Ukraine, and Crimea