Search

Begin New Search Topic Economy

341. Human (In)Security in South Asia

Author:
Farhan Navid Yousaf
Publication Date:
07-2017
Content Type:
Journal Article
Journal:
South Asian Studies
Institution:
Department of Political Science, University of the Punjab
Abstract:
South Asia hosts almost a quarter of the world‟s population. Despite achieving consistent economic growth, the region is marked by dense poverty and human deprivation. In this article, I discuss the issue of human security and argue that governments of the region need to focus on burgeoning nontraditional security threats to promote well-being of the people and improve the quality of their lives by investing resources in human development and implementing the constitutional provisions needed to protect fundamental human rights and dignity. In order to address political-economic-social-cultural disparities and achieve prosperity, the onus is far more on the countries themselves to prioritize the human security agenda through mutual collaboration.
Topic:
Security, Human Rights, Poverty, Regional Cooperation, Inequality, and Economy
Political Geography:
Pakistan, South Asia, and Punjab

342. Learning to Improve the Investment Climate for Economic Diversification: PDIA in Action in Sri Lanka

Author:
Matt Andrews, Duminda Ariyasinghe, Amara S. Beling, Peter Harrington, Tim McNaught, Fathima Nafla Niyas, Anisha Pooblan, Mahinda Ramanayake, H. Senavirathne, Upatissa Sirigampala, Renuka M. Weerakone, and W. A. F. Jayasiri Wijesooriya
Publication Date:
10-2017
Content Type:
Working Paper
Institution:
The John F. Kennedy School of Government at Harvard University
Abstract:
Many countries, like Sri Lanka, are trying to diversify their economies but often lack the capabilities to lead diversification programs. One of these capabilities relates to preparing the investment climate in the country. Many governments tackle this issue by trying to improve their scores on ‘Doing Business Indicators’ which measure performance on general factors affecting business globally (like how long it takes to open a business or pay taxes). Beyond these common indicators, however, investors face context specific challenges when working in countries like Sri Lanka that are not addressed in global indicators. Governments often lack the capabilities to identify and resolve such issues. This paper narrates a recent initiative to establish these capabilities in Sri Lanka. The initiative adopted a Problem Driven Iterative Adaptation (PDIA) process, where a team of Sri Lankan officials worked with Harvard Center for International Development (CID) facilitators to build capabilities over a six-month period. The paper tells the story of this process, providing documented evidence of the progress over time (and describing thinking behind the PDIA process as well). The paper will be of interest to those thinking about the challenges associated with creating a climate that is investor or business friendly and to those interested in processes (like PDIA) focused on building state capability and fostering policy implementation.
Topic:
Economy, Business, Global Political Economy, and State
Political Geography:
South Asia and Sri Lanka

343. Welcome Home in a Crisis: Effects of Return Migration on the Non-migrants' Wages and Employment

Author:
Ricardo Hausmann and Ljubica Nedelkoska
Publication Date:
01-2017
Content Type:
Working Paper
Institution:
The John F. Kennedy School of Government at Harvard University
Abstract:
Over the past few decades, migration from developing to developed countries was often viewed as 'brain drain', as talented workers were forced out of their home countries due to lack of competitive opportunities. The population that left these countries and settled in the more economically advanced parts of the world have, over time, acquired financial capital and built social networks within host countries. Hence, while the home countries were still suffering from the scarcity of knowhow, significant shares of their populations began to actively engage in more productive economies. It seems that, through migration, developing countries had unexpectedly created significant networks of human and financial capital abroad. But are these foreign networks transferring knowhow back to their home countries? It turns out that those same reasons that induced the economic migration in the first place, often make it difficult for migrants to engage afterwards. What would happen, however, if a large proportion of these diasporas was forced to return back to their home country - would that lead to knowhow transfer? Our study investigates the impact of such an abrupt return migration wave between Greece and Albania.
Topic:
Development, Migration, Labor Issues, Developing World, and Economy
Political Geography:
Europe, Eastern Europe, Greece, and Albania

344. Tunisia: “Unemployment has killed me”

Author:
JMEPP
Publication Date:
01-2017
Content Type:
Journal Article
Journal:
Harvard Journal of Middle Eastern Politics and Policy
Institution:
The John F. Kennedy School of Government at Harvard University
Abstract:
The Tunisian revolution of 2010-11 has been understood as a point of rupture after years of worsening job prospects and living standards in the country. Some have claimed it highlighted the inefficacy of Tunisia’s development policies, while other studies saw a link between high rates of literacy, lack of economic opportunities, and protests against the state. One should, however, be cautious of taking an economically deterministic approach to Tunisia’s uprising. Many countries whose citizens are mired in deep poverty and rampant unemployment are not in a state of revolt. Other factors such as pre-existing social networks (like trade unions and family ties) also play a major role in shaping political events. Furthermore, economic statistics in North African countries, such as Tunisia, are often manipulated for political reasons.
Topic:
Politics, Poverty, Popular Revolt, Reform, Economy, and Protests
Political Geography:
Middle East, North Africa, and Tunisia

345. Making Peace in Syria: Economic Diplomacy

Author:
Abdallah Al Dardari
Publication Date:
01-2017
Content Type:
Journal Article
Journal:
American Diplomacy
Institution:
American Diplomacy
Abstract:
Aleppo is a landmark in the Syrian conflict and has become the strongest signal of the failure of the western approach to diplomacy and other means of influence to end the conflict. This failure calls for a dramatic change in the approach if we want to preserve Syria as one country, safeguard its diversity, and ensure the rebuilding of the nation. The moment fighting in Aleppo ends and the current government, along with the Russians and the Iranians, feel they have the upper hand in this conflict, the immediate goal and challenge is to rebuild. Yet, how do we deliver services and create jobs? How do we support reconstruction? How do we ensure stability after “military achievement”?
Topic:
Diplomacy, Economy, Political stability, Conflict, Syrian War, and Peace
Political Geography:
Russia, Iran, Middle East, Syria, and United States of America

346. India: Policy Implications for the United States

Author:
Jon P. Dorschner
Publication Date:
10-2017
Content Type:
Journal Article
Journal:
American Diplomacy
Institution:
American Diplomacy
Abstract:
India has long been obsessed with its rivalry with Pakistan, and for many years India viewed Pakistan as its principal security threat. Pakistan continues to support terrorist attacks directed against India and India-controlled Kashmir, and is continually increasing its nuclear arsenal and delivery systems for nuclear warheads. Despite this, Indians have come to feel more self-assured and no longer see Pakistan as the country’s principal security threat.China now occupies this position. India no longer views itself simply as the predominant regional power in South Asia, but as an aspiring world power and is gearing up for what many in India believe is an inevitable conflict with its neighbor the Peoples Republic of China. India has embarked on an outreach program to solidify friendly ties to other Asian nations that feel threatened by China, and is devoting a lot of attention to the ASEAN states (particularly Viet Nam), Taiwan, South Korea, and Japan. There is increasing speculation that this relationship could develop into a formal alliance, especially if the United States becomes less active in Asia.
Topic:
International Relations, Climate Change, Diplomacy, Nuclear Weapons, Regional Cooperation, Territorial Disputes, Economy, Trump, and Borders
Political Geography:
Pakistan, Afghanistan, China, Iran, South Asia, India, North Korea, Kashmir, and United States of America

347. Authoritarian Backlash: A Comparison of Turkey & Venezuela

Author:
Robert Pearson
Publication Date:
10-2017
Content Type:
Journal Article
Journal:
American Diplomacy
Institution:
American Diplomacy
Abstract:
“Happy families are all alike; every unhappy family is unhappy in its own way.” This famous opening line from Leo Tolstoy’s Anna Karenina is important also for democracies. While Turkey and Venezuela are each unhappy in their own way, they also may share some common elements in their struggles for democracy that provide lessons.
Topic:
Diplomacy, Authoritarianism, Elections, Democracy, and Economy
Political Geography:
Turkey, Middle East, South America, Venezuela, and United States of America

348. Freeing the “Rice Bowl of Asia”: How Changing Patterns of Interdependence are Driving Political Change in Myanmar

Author:
Alex Ripley
Publication Date:
05-2017
Content Type:
Policy Brief
Institution:
Centre for the Study of Security and Development, Dalhousie University
Abstract:
Wedged between Southeast Asia, China, and the Indian subcontinent, Myanmar occupies a strategically important space which will ensure its relevance to some of the 21st century’s most significant questions, including those surrounding trade routes, energy security, and the competing geopolitical ambitions of Asia’s great powers. Exciting and important changes are underway in Myanmar. After decades of isolation under military governments, the country is taking convincing steps toward democratization. The junta relinquished much of its power in 2010. In 2011, the unpopular Myitsone hydroelectric project was suspended, suggesting a new sensitivity to public opinion. Beginning that year, a nominally civilian government led by Thein Sein (a former Tatmadaw general) embarked on a series of major political and economic reforms. These culminated in the relatively open 2015 elections, in which the opposition National League for Democracy (NLD)—the party of Nobel Prize winner Aung San Suu Kyi—won overwhelming majorities of both houses of parliament. In March 2016, parliament elected Htin Kyaw as the country’s first civilian president in half a century. What explains Myanmar’s relatively rapid transition from authoritarian pariah to fragile democracy? Perhaps international pressure forced the hand of the regime; then again, the West imposed sanctions on Myanmar for years before the military’s grip on power began to loosen. Lee Jones argues that the junta simply liberalized when its objectives were achieved.
Topic:
International Affairs, Military Affairs, Elections, Democracy, Economy, and Trade
Political Geography:
Asia and Myanmar

349. Zambia’s Bilateral Investment Treaties Review and Evaluation

Author:
Joseph Simumba
Publication Date:
11-2017
Content Type:
Working Paper
Institution:
Zambia Institute for Policy Analysis and Research (ZIPAR)
Abstract:
Zambia attracts foreign direct investments (FDI) from many countries that vary in terms of income levels and geographical location. In the last two decades, the country witnessed a rapid increase in bilateral investment treaty (BIT) activities triggered by massive economic liberalisation of the early 1990s. From a single ratified BIT with Germany prior to 1990, there are now 31 BITs locally called Investment Promotion and Protection Agreements (IPPAs) of which two (2) are ratified, eleven (11) are signed and eighteen (18) exist in draft form. However, BIT activities in Zambia have plummeted in line with a post 2010 global slowdown, a situation linked to rising uncertainty caused by a surge in the number of investment treaty-based cases at international tribunals. Foreign investors are suing host states over disputes ranging from direct expropriation to claims of adverse business regulation especially in the energy and extractives sectors. This study reviews Zambia’s BITs and evaluates their impact on the accumulation of FDI stocks using data collected from the Private Investment and Investor Perception Surveys conducted by Bank of Zambia, Central Statistical Office and Zambia Development Agency for the period 2007-2014 were data is publicly available. The findings show that BITs significantly matter for accumulation of FDI stocks in Zambia. The group of countries with a ratified BIT (Germany and Switzerland) maintain 1.6 times more FDI stocks than the corresponding group with only signed BITs controlling for income groups and geographical location and their interactions based on the World Bank classification. The groups of countries with a draft or without a BIT maintain FDI stocks that are less than four times lower than FDI stocks maintained by the group of ratified BITs countries. This evidence is robust to several potential confounders of the relationship between BITs and FDI stocks. Therefore, ratified BITs work for Zambia’s FDI stocks, a result that challenges some pessimism against IPPAs in Zambia.
Topic:
Treaties and Agreements, Foreign Direct Investment, Economy, and Investment
Political Geography:
Africa and Zambia

350. Scaling the Eurobond Debt Wall

Author:
Shebo Nalishebo and Florence Banda-Muleya
Publication Date:
11-2017
Content Type:
Working Paper
Institution:
Zambia Institute for Policy Analysis and Research (ZIPAR)
Abstract:
The writing is on the wall - Zambia is at a high risk of debt distress: The country risks defaulting on repaying the principal amounts of the three Eurobonds due during 2022-2027. A default could lead to exclusion from the international capital markets, a dented reputation which would culminate into a decline in Foreign Direct Investments and reduced credit to the private sector and credit rating downgrades. This would ultimately result in an economic contraction which would affect future payments and further compounding the default. Government has to pay back US$750 million in 2022, US$1 billion in 2024 and US$1.25 billion over 2025-2027. Between 2018 and 2022, Government will spend about US$237.4 million per annum in interest payments towards the three Eurobonds – this annual amount is about the same as the entire social protection budget in 2017. Policy measures have been put in place to manage the debt, but they seem inadequate: The measures include a debt management strategy that will guide borrowing decisions in the medium term. The Government has also signalled its intensions to set up a sinking fund and/or refinance the debt – essentially replacing the old loans with a new loan offering different, perhaps more favourable, terms. To set up the sinking fund, Government intends to set aside K100 million in 2018, K800 million in 2019 and K3.97 billion in 2020. But setting up the fund requires an excess of K6 billion per annum between 2018 and 2022. No clear indication has been given with regard to when refinancing will be considered. So the plans put in place may not be adequate to pay back the Eurobonds. Government should not wait until it is too late: In order to meet the principal and interest payments on the three Eurobonds, Government needs to start the strategies for paying back the Eurobonds sooner rather than later. Government has already lost time as a pay-back plan should have been instituted for the Eurobonds as soon as they were issued. But without any budget surpluses, and with foreign financing having somewhat dried up, Zambia has to look to more domestic resource mobilisation to raise the funds needed to pay back the Eurobonds.
Topic:
Government, Economy, Public Debt, and Eurobonds
Political Geography:
Africa and Zambia