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351. Economic Distress and the Inevitability of an Economic Recovery Programme

Author:
Zambia Institute for Policy Analysis & Research (ZIPAR)
Publication Date:
03-2017
Content Type:
Policy Brief
Institution:
Zambia Institute for Policy Analysis and Research (ZIPAR)
Abstract:
Zambia is emerging from a major economic downturn. The copper price collapse, electricity shortages, huge fall in the value of the Kwacha and high inflation in 2015 left the economy stalling. Growth in 2015 was 2.9% and possibly 3.4% in 2016, significantly below the long-term average rate of 6.9%. The downturn was compounded by a tightening of monetary policy which made it harder for businesses to borrow, and by a continuation of expansionary fiscal policies which increased the budget deficit and Government debt. Because the scale of the challenge was so significant, the Government announced it would launch Zambia Plus, a home-grown recovery programme to put the economy back on track. A credible recovery programme will be essential to instill fiscal discipline, create conditions for growth, and support poverty reduction. A failure to the programme will result in significant adverse consequences for the economy and Zambian households. Without Zambia Plus, the budget deficit (measured as a percentage of GDP) is likely to continue performing worse than the authorities’ targets. Thus, the overall debt level will keep growing, possibly reaching an average of 58.6% of GDP over 2017-2021, up from an average of 23.3% over 2007-2014. More debt will mean a bigger budget taken to meet debt servicing obligations. For instance, in 2017 alone the Government allocated almost ¼ of the budget to debt servicing and arrears payments. This is the equivalent of over K15 billion that could otherwise be spent on tackling poverty or supporting growth. The current path is unsustainable, and the consequences of failing to act are likely to be felt hardest by the poor, who already bear the brunt. Analysis of the 2015 Budget reveals that when the economic downturn set in the most significant underspends were on social cash transfers, the economic empowerment fund and the public service pension fund. So, the absence of Zambia Plus will do bigger and longer lasting damage to the lives of poor Zambians than will the few challenges of the programme.
Topic:
Financial Crisis, Economy, and Public Debt
Political Geography:
Africa and Zambia

352. Placing India in the Emerging Regional Dynamics of Central Asia: From ‘Look North’ to ‘Connect North’

Author:
Meena Singh Roy and Rajorshi Roy
Publication Date:
10-2017
Content Type:
Journal Article
Journal:
Revista UNISCI/UNISCI Journal
Institution:
Unidad de investigación sobre seguridad y cooperación (UNISCI)
Abstract:
The present article tries to examine India’s initiatives in the region in the context of the emerging regional geo-strategic landscape. With an aim to enhance political, economic and strategic ties, India’s policy towards the region has moved from ‘Look North’ to ‘Connect North’. Notably, the full membership of SCO offers India greater synergies to play a more active role in the region. India is, thus, all set to build more meaningful partnerships with the region in the context of new geo-political changes shaping Central Asia. More importantly, the region is seeking India to play a more active role. It is argued that the beginning of a new era of cooperation initiated by PM Modi can only be sustained if New Delhi continues to implement its various agreements and commitments. While building stronger bilateral ties with the region is important, working closely in the regional groupings will also help address regional economic and security challenges
Topic:
Security, Foreign Policy, Energy Policy, Economy, and Narendra Modi
Political Geography:
Central Asia and India

353. Nation-Branding: the Case of Russia

Author:
Anna Velikaya
Publication Date:
08-2017
Content Type:
Commentary and Analysis
Institution:
Rethinking Russia
Abstract:
Russia seems to have finally realized in recent years that nation branding, seen as a set of actions to improve country’s image abroad, is a form of investment, not a cost. In order to analyze the Russian approach to nation branding, it is necessary to highlight several dimensions: economic, scientific, cultural, sport, media, and development.
Topic:
Foreign Policy, Foreign Direct Investment, Public Opinion, Economy, Soft Power, and Cultural Diplomacy
Political Geography:
Russia and Eurasia

354. Brexit, the EU and Strategic Uncertainties: Short, Medium and Long Term Implications for Sub-Saharan Africa

Author:
Yoslán Silverio González
Publication Date:
06-2017
Content Type:
Journal Article
Journal:
Brazilian Journal of African Studies
Institution:
Brazilian Journal of African Studies
Abstract:
The European Union (EU) has been a fundamental actor in the economic and political relations with the African countries. EU’s foreign policy towards Africa has been particularly affected by French and British colonial past. The history of the economic relations between the European Economic Community (EEC) and the African continent has been shaped by a series of multilateral agreements – the Yaoundé Conventions, adopted under French influence, and the Lomé Conventions, starting on 1975 –, and, with the entry of the UK in the EEC (1973), the community had to renegotiate the ancient commercial agreements to incorporate the former British territories as “beneficiaries” of these agreements
Topic:
International Relations, Foreign Policy, Treaties and Agreements, European Union, Economy, Brexit, and Trade
Political Geography:
Britain, Africa, and Europe

355. North Korean Agriculture: Recent Changes and Prospects after Unification

Author:
Randall Ireson
Publication Date:
10-2016
Content Type:
Journal Article
Journal:
International Journal of Korean Studies
Institution:
International Council on Korean Studies
Abstract:
Modern farming in Korea has followed two divergent paths since the partition of the peninsula. Both countries substantially raised agricultural production in the 1970s, but policy decisions in North Korea created a situation in which the farm sector stagnated and ultimately failed when faced with changes in the 1990s. In addition to reviewing the technical and policy changes since the start of the food crisis, this paper examines the likely consequences of reunification on the North Korean farm sector. Structural changes would include the dominance of a market economy, dissolution of cooperative and state farms, and the need to recapitalize the entire farm economy. Organizational changes regarding land tenure, operation and management of formerly collective resources, and new roles for former North Korean agricultural guidance and research organizations would be challenging. Rural residents would face personal challenges of adapting to the requirements and thinking patterns of a market economy, coupled with the loss of close technical direction by the North Korean planning system. Although there are opportunities for enhanced farm productivity and economic well being at the household level, smoothly adapting to reunification would greatly depend on planning, policies and resources set in place for such an event.
Topic:
Agriculture, History, Famine, and Economy
Political Geography:
Asia, South Korea, and North Korea

356. The Collaborative Economy in Poland and Europe: A Tool for Boosting Female Employment?

Author:
Karolina Beaumont
Publication Date:
07-2016
Content Type:
Working Paper
Institution:
Center for Social and Economic Research - CASE
Abstract:
The collaborative economy is a relatively new economic approach based on peer-to-peer transactions. It includes the shared creation, production and consumption of goods and services accessible for all through online platforms and smartphone applications. It is a burgeoning business model that is experiencing increased interest in all European countries. Statistics show that Poland already has an above-average number of women who are interested in self-employment. Furthermore, formal female employment in Poland is quite low by European standards. This situation implies great potential for the development of the participation of women in the collaborative economy. The paper “The Collaborative Economy in Poland and Europe: A Tool for Boosting Female Employment?” by Karolina Beaumont discusses the challenges of the collaborative economy as a system stimulating female social and economic empowerment and assesses the opportunities offered by the collaborative economy in increasing the female labour participation rate amongst Polish women.
Topic:
Gender Issues, Labor Issues, Women, Employment, Inequality, Economy, Social Policy, and Labor Policies
Political Geography:
Europe and Poland

357. Understanding India’s Urban Frontier: What Is behind the Emergence of Census Towns in India?

Author:
Partha Mukhopadhyay, Marie-Hélène Zérah, Gopa Samanta, and Augustin Maria
Publication Date:
12-2016
Content Type:
Working Paper
Institution:
Centre for Policy Research, India
Abstract:
This paper presents the results of an investigation of selected census towns in northern India. Census towns are settlements that India’s census classifies as urban although they continue to be governed as rural settlements. The 2011 census featured a remarkable increase in the number of census towns, which nearly tripled between 2001 and 2011, from 1,362 to 3,894. This increase contributed to nearly a third (29.5 percent) of the total increase in the urban population during this period. Only part of this evolution can be attributed to the gradual urbanization of settlements in the vicinity or larger towns. Instead, the majority of census towns appear as small “market towns,” providing trade and other local services to a growing rural market. The case studies of representative census towns in Bihar, Jharkhand, Orissa, and West Bengal show the role of increased connectivity and growing rural incomes in driving the demand for the small scale and non-tradable services, which are the main sources of nonfarm employment in these settlements.The case studies also reveal that the trade-offs between urban and rural administrative statuses are actively debated in many of these settlements. Although statistical comparisons do not show a significant impact of urban or rural administrative status on access to basic services, urban status is often favored by the social groups involved in the growing commercial and services sectors, and resisted by the residents still involved in the traditional farming sectors.
Topic:
Urbanization, Economy, Census, and Rural
Political Geography:
South Asia, India, and Asia

358. China and the World in the Coming Decade

Author:
Shyam Saran
Publication Date:
11-2016
Content Type:
Working Paper
Institution:
Centre for Policy Research, India
Abstract:
In the next decade, how US-China relations unfold will shape the external environment for countries like India. How does China perceive the Trump presidency?
Topic:
International Relations, Bilateral Relations, Economy, and Trump
Political Geography:
China, South Asia, India, Asia, North America, and United States of America

359. Impact of China Slowdown on India

Author:
Geetima Das Krishna and Ankit Bhardwaj
Publication Date:
02-2016
Content Type:
Working Paper
Institution:
Centre for Policy Research, India
Abstract:
After three decades of double-digit growth, China is slowing as it is rebalancing its economy from export-driven to less-volatile domestic consumption driven economy. The paper looks at the impact of China slowdown on India through different channels. Even though India is usurping China as the fastest growing major economy in the world, Indian economy being a fifth of the Chinese economy and also less material intensive can hardly substitute for China as a global growth driver. China has emerged as the largest trading partner of India but India’s trade still remains less vulnerable to Chinese slowdown directly as India’s services exports account for as much as 50% of India’s overall exports (merchandise and services). On the other hand, China’s total FDI investment in India has been miniscule $1.2 billion till September 2015 and India’s infrastructure sector, with its massive investment needs, can be the natural destination for Chinese investments. India reaped the indirect benefit of lower commodity prices in terms of narrower CAD, softening inflation, lower interest rate, increased government fiscal bonanza, all of which contributed to greater macro-stability in India. It was also found that a 50bps decline in China’s growth rate is likely to lower India’s growth by 30bp in the short run.
Topic:
International Trade and Finance, Bilateral Relations, Economy, Economic growth, and Regional Integration
Political Geography:
China, South Asia, India, and Asia

360. The Revolution Turns Five: Faculty reflections on the fifth anniversary of the Arab uprisings

Author:
Fida Adely, Michael Hudson, Joseph Sassoon, Noureddine Jebnoun, Marwa Daoudy, Emad El-Din Shahin, and Rochelle A. Davis
Publication Date:
04-2016
Content Type:
Special Report
Institution:
Center for Contemporary Arab Studies
Abstract:
In this fifth year anniversary of the Arab revolts or “Arab Spring,” we might ask ourselves “what has changed in the region?” Given the conflicts raging in the Arab world as we speak, many have concluded that the revolts failed, or that rather than bringing “progress” they have pushed us back—entrenching authoritarianism, displacing millions, exacerbating sectarian differences, etc. But such conclusions reflect a short view of history and a truncated understanding of change. More troublesome, they can fuel a view of the region as unchanging, stagnant, and even backward.
Topic:
Arts, Culture, Social Movement, Economy, Arab Spring, Youth, Syrian War, Revolution, and Counterrevolution
Political Geography:
Middle East, Libya, Arab Countries, Syria, North America, Egypt, and Tunisia