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1301. South Korea's Elections: A Shift to the Right

Publication Date:
06-2008
Content Type:
Working Paper
Institution:
International Crisis Group
Abstract:
South Korea's electoral politics has made a turn to the right that is likely to lead to closer security ties with the U.S. and some other important adjustments in foreign policy and has already strained relations with the North. The shift toward the Grand National Party (GNP), evident in President Lee Myung-bak's victory in late 2007, was completed when it won a majority in the 18th National Assembly in the 9 April 2008 elections. Those elections were dominated by domestic concerns, especially the economy; foreign policy and inter-Korean relations were near the bottom of voters' interests. The GNP's legislative agenda will include deregulation and privatisation, intended to revitalise business. Although generally supportive of Lee on foreign policy, the new assembly may cause him problems, particularly over unpopular economic liberalisation and deregulation proposals. Opposition to these, which have already produced a major political crisis, may have an impact on wider security concerns.
Topic:
Government, International Cooperation, and Politics
Political Geography:
United States, Asia, South Korea, and North Korea

1302. Turkey and Northern Iraq on the Course of Raprochement

Author:
Aylin S. Gorener
Publication Date:
06-2008
Content Type:
Policy Brief
Institution:
SETA Foundation for Political, Economic and Social Research
Abstract:
Perhaps the most consequential and drastic decision in Turkish foreign policy in recent months was to engage in direct negotiations with Kurdish Regional Government in northern Iraq. This is significant because, since the onset of Iraq War in 2003, Turkey has sought to ignore or marginalize Iraqi Kurds, and has refrained from all acts that could be viewed as concessions or de facto recognition. Although the Iraqi Kurdish leadership has received red-carpet ceremony in Ankara in the1990s, Turkish foreign policy toward northern Iraq, since the war, has been stymied by anxiety and emotional rhetoric. Indeed, the fear of Iraq's disintegration and the rise of an independent Kurdish enclave in the north, inspiring or even assisting separatist sentiments in Turkey, have appeared to cloud the possibility of rational evaluation of the pros and cons of policy alternatives. As a result, the policy of projecting illegitimacy to the Kurdish Regional Government has cost Turkey a significant loss of clout not only in northern Iraq but also in the wider Iraqi political affairs, as Kurds have come to occupy significant positions in the central government as well.
Topic:
Government, International Political Economy, and War
Political Geography:
Iraq, Turkey, and Middle East

1303. Algeria Under Bouteflika: Civil Strife and National Reconciliation

Author:
Rachid Tlemçani
Publication Date:
03-2008
Content Type:
Working Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
Algerians no longer live in fear of being killed by radical Islamists at faux barrages (makeshift roadblocks) or of being “disappeared” by “ninjas” — hooded police - men who break down front doors and take occupants away, never to return. This is a remarkable achievement in a country that during the 1990s was synonymous with horrendous violence perpetrated both by Islamist radicals and by security forces. Algeria has regained stability, with radical Islamism no longer a fundamental threat to security across the country. The virtual quarantine in which the country was confined during the mid-1990s has been lifted. It is also increasingly opening up to foreign investment. Algerians have enjoyed a period of peace and relative prosperity, despite occasional flare-ups of violence. During the presidency of Abdelaziz Bouteflika, who took office in 1999, Algeria has transitioned from civil war, state failure, and moral decay to stability.
Topic:
Conflict Resolution, Civil Society, Civil War, Democratization, Government, and Politics
Political Geography:
Africa and Algeria

1304. An Examination of State Non-Group and Small-Group Health Insurance Regulations

Author:
Anthony T. Lo Sasso
Publication Date:
01-2008
Content Type:
Working Paper
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
The present upswing in state-level efforts to "do something about health care," combined with presidential campaign-related rhetoric, suggests that health care is back with a vengeance on the public consciousness. Many states are proposing what appear to be new strategies to cover the uninsured when in reality the "new" strategies rely on old approaches that have not proven highly effective in the past, notably community rating and guaranteed issue regulations. Using data culled from a popular health insurance distributor and the published literature provides a compelling portrait of the predictable distortions that can result from regulations aimed at improving perceived deficiencies in the non-group and small group health insurance markets.
Topic:
Economics, Government, Health, and Politics
Political Geography:
United States

1305. Denial, Hope, and Panic

Author:
John H. Makin
Publication Date:
04-2008
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
In October 1907, J. P. Morgan stemmed a financial panic by coercing other banks to join him in providing credit to Wall Street brokerage firms teetering on the edge of bankruptcy.[1] This year, over the weekend including March 15—the ominous Ides of March—James Dimon, head of JPMorgan Chase, was the one to act. With the Federal Reserve squarely behind him and assuming the risk, he prevented a Bear Stearns bankruptcy by agreeing to purchase the firm, providing it with a decent burial, at a price of $2 per share. Bear Stearns's stock had been valued at over $160 per share just a year ago. The $2 price virtually wiped out the value of that stock, one-third of which is owned by its 14,000 employees. This was clearly not a bailout for Bear Stearns shareholders, and whether or not the steps taken by the Fed on March 16 were sufficient to arrest a further collapse of available credit and the economy remains to be seen. As long as house prices keep falling, the underlying problem for credit markets and the economy remains.
Topic:
Economics, Government, and Markets
Political Geography:
United States

1306. False Dawn

Author:
John H. Makin
Publication Date:
01-2008
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
The bursting of every bubble is followed by statements suggesting that the worst is over and that the real economy will be unharmed. The weeks since mid-March have been such a period in the United States. The underlying problem—a bust in the residential real-estate market—has, however, grown worse, with peak-to-trough estimates of the drop in home prices having gone from 20 to 30 percent in the span of just two months. Meanwhile, the attendant damage to the housing sector and to the balance sheets tied to it has grown worse and spread beyond the subprime subsector.
Topic:
Economics, Government, International Trade and Finance, and Political Economy
Political Geography:
United States

1307. Social Welfare Conservatism

Author:
Douglas J. Besharov
Publication Date:
01-2008
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
Finding that an op-ed by Michael Gerson poorly defined the conservative approach to social problems, Douglas J. Besharov outlined six principles that underlie the conservative position on government social programs. Besharov notes that being cautious about the possible ill effects of government intervention is not unique to conservatives. It is simply realistic to be skeptical about the federal government's ability to mitigate serious social welfare problems.
Topic:
Civil Society, Government, and Human Welfare
Political Geography:
United States

1308. The New Deal Jobs Myth

Author:
Amity Shlaes
Publication Date:
01-2008
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
Democratic presidential candidates are invoking the New Deal as a model for addressing infrastructure, economic, and employment problems in the United States. But a careful look at New Deal spending suggests, in the words of Amity Shlaes, "not how much the public works achieved . . . [but] how little." Advocates for new federal government spending on highways, buildings, and roads should carefully weigh the need against the damage that comes from projects and jobs created for political reasons.
Topic:
Government, Industrial Policy, Political Economy, and Politics
Political Geography:
United States

1309. Edwards and Organ Transplants

Author:
Scott Gottlieb
Publication Date:
03-2008
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
Although John Edwards is no longer a presidential candidate, his attacks on the U.S. health care system will continue to resonate. As a candidate, he used the tragic case of Nataline Sarkisyan, who died while awaiting a liver transplant, as an indictment of the U.S. medical system and an argument for a European-style single-payer system. But AEI's Scott Gottlieb, M.D., argues that there is little support for Edwards's argument that a single-payer system would be better for people who need transplants. The data show, he says, that organ access in the United States, our willingness to transplant the sickest patients, and U.S. medical outcomes are among the best in the world.
Topic:
Government, Health, and Human Welfare
Political Geography:
United States and California

1310. Stern Lessons on Fed Policies and Actions

Author:
Amity Shlaes, Vincent R. Reinhart, Allan H. Meltzer, and John L. Chapman
Publication Date:
04-2008
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
How fragile is our financial system? What are the implications of the Fed's actions on Bear Stearns? Do we need new ways of thinking about the risks the system entails? In recent articles, four AEI scholars have looked closely at the evidence of what went wrong and what is ahead.
Topic:
Economics and Government
Political Geography:
United States