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1432. The Real Questions About Sovereign Wealth Funds: A Roundtable Discussion
- Publication Date:
- 01-2008
- Content Type:
- Journal Article
- Journal:
- European Affairs
- Institution:
- The European Institute
- Abstract:
- Already the buzz this year in financial circles, sovereign wealth funds have been initially welcomed in the United States (and to a lesser degree in Europe) as white knights whose capital investments have helped rescue troubled financial institutions and other companies stricken by the credit-market crisis. But these funds, even as they are currently sought after by financially-bleeding companies, could easily become controversial with public opinion and regulators in the United States and European countries because of their potential political dimensions. The very fact of their emergence is a symptom of profound new shifts in the global financial order. To head off potential jingoist reactions against the proposed buy-ins by these new investors, there is a need to probe a set of questions about how these funds work and about whether rules can be reached – by mutual agreement – to ensure that the funds prove compatible with global capital movements.
- Topic:
- Economics, Government, and International Trade and Finance
- Political Geography:
- United States and Europe
1433. A Flat Playing Field Can Spread Western Innovation
- Author:
- Michael C. Maibach
- Publication Date:
- 01-2008
- Content Type:
- Journal Article
- Journal:
- European Affairs
- Institution:
- The European Institute
- Abstract:
- The world has modernized thanks to waves of Western inventions, and the next wave must be a regulatory revolution to ensure that discoveries spread horizontally as far and fast as possible. It is an agenda for the newly formed Transatlantic Economic Council.
- Topic:
- Economics, Government, International Trade and Finance, and Science and Technology
- Political Geography:
- United States and America
1434. Poland's New Government Seeks Solidarity, Not Provocation
- Publication Date:
- 01-2008
- Content Type:
- Journal Article
- Journal:
- European Affairs
- Institution:
- The European Institute
- Abstract:
- European Affairs traces the path that has brought a new, more statesmanlike tone to Polish foreign policy. As both Warsaw (and Prague) proceed with plans to accept the U.S. missile defense system, Sikorski sets the initiative in broader NATO context.
- Topic:
- International Relations, Defense Policy, Government, and International Political Economy
- Political Geography:
- United States, Europe, and Poland
1435. Politically Incorrect Tales of the EU Bureaucracy
- Author:
- Michael Mosettig
- Publication Date:
- 01-2008
- Content Type:
- Journal Article
- Journal:
- European Affairs
- Institution:
- The European Institute
- Abstract:
- The European Commission functions like many governments: like cabinet ministers, commissions come and go with their ideas. But the civil servants stay, keeping control of the process. If it weren't true, this amusing and edifying excursion might be a satire.
- Topic:
- Government
- Political Geography:
- Europe
1436. Online Exclusive, Response TO "Missile Defense Malfunction": Setting the Record Straight
- Author:
- Lt. Gen. Henry A. Obering III
- Publication Date:
- 03-2008
- Content Type:
- Journal Article
- Institution:
- Carnegie Council
- Abstract:
- In the Spring 2008 Ethics International Affairs article, "Missile Defense Malfunction," Philip Coyle and Victoria Samson systematically misrepresent or ignore key facts to bolster their arguments against deploying defenses in Europe to protect our allies and forces in that region against an emerging intermediate and long-range Iranian ballistic missile threat. I want to set the record straight.
- Topic:
- Government
- Political Geography:
- Europe and Iran
1437. Can There Be a "Kindered" Peace?
- Author:
- Alison M. S. Watson
- Publication Date:
- 03-2008
- Content Type:
- Journal Article
- Institution:
- Carnegie Council
- Abstract:
- There are more resources now devoted to the pursuit of peace than at any time in the history of the international system. The participating cast of actors—international, regional, state, and nonstate—seek to create a peace that is essentially Kantian in spirit, and thus heavily dependent upon the maintenance of an international liberal order through international governmental organizations, such as the United Nations. The resultant peace-building strategies are then often justified in terms of the promotion of human rights, democratization, and ''human security''—concepts that together form the cornerstone of what has come to be termed the ''liberal peace.'' Evidence increasingly suggests, however, that the mechanisms used to achieve such a peace typically fail to secure a sustainable peace, and in particular that they may not adequately take into account those actors whose claims for peace may prove especially intransigent—such as those with ethnic and identity claims, and those, ironically, for whom the achievement of human security is particularly pertinent.
- Topic:
- Democratization, Government, Human Rights, and United Nations
1438. The Resurgent Idea of World Government
- Author:
- Campbell Craig
- Publication Date:
- 07-2008
- Content Type:
- Journal Article
- Institution:
- Carnegie Council
- Abstract:
- The idea of world government is returning to the mainstream of scholarly thinking about international relations. Universities in North America and Europe now routinely advertise for positions in ''global governance,'' a term that few would have heard of a decade ago. Chapters on cosmopolitanism and governance appear in many current international relations (IR) textbooks. Leading scholars are wrestling with the topic, including Alexander Wendt, perhaps now America's most influential IR theorist, who has recently suggested that a world government is simply ''inevitable.'' While some scholars envision a more formal world state, and others argue for a much looser system of ''global governance,'' it is probably safe to say that the growing number of works on this topic can be grouped together into the broader category of ''world government''—a school of thought that supports the creation of international authority (or authorities) that can tackle the global problems that nation-states currently cannot.
- Topic:
- Government and Governance
- Political Geography:
- Europe and North America
1439. Horizontal Accountability in Intergovernmental Organizations
- Author:
- Alexandru Grigorescu
- Publication Date:
- 09-2008
- Content Type:
- Journal Article
- Institution:
- Carnegie Council
- Abstract:
- Many intergovernmental organizations (IOs) have recently established offices of internal oversight. Yet scandals such as the one surrounding the Oil-for-Food Program in the United Nations have revealed serious flaws in the design of these institutions, especially their lack of independence from top administrators of the bureaucracies that they are supposed to oversee. This study argues that this is due, in great part, to the initial use of an imperfect domestic model. It shows that, in addition to using a flawed model as a starting point for negotiations, states and IO officials intentionally weakened oversight offices even more. The study argues that member-states need to quickly give such offices increased independence in order to make them more effective and to avoid the continued erosion of the legitimacy of IOs.
- Topic:
- Government and United Nations
1440. Redesigning the European Court of Human Rights: Embeddedness as a Deep Structural Principle of the European Human Rights Regime
- Author:
- Laurence R. Helfer
- Publication Date:
- 02-2008
- Content Type:
- Journal Article
- Abstract:
- The European Court of Human Rights (ECtHR) is the crown jewel of the world's most advanced international system for protecting civil and political liberties. In recent years, however, the ECtHR has become a victim of its own success. The Court now faces a docket crisis of massive proportions, the consequence of the growing number of states subject to its jurisdiction, its favourable public reputation, its expansive interpretations of individual liberties, a distrust of domestic judiciaries in some countries, and entrenched human rights problems in others. In response to this growing backlog of individual complaints, the Council of Europe has, over the last five years, considered numerous proposals to restructure the European human rights regime and redesign the European Convention on Human Rights (ECHR). This article argues that these proposals should be understood not as ministerial changes in supranational judicial procedure, nor as resolving a debate over whether the ECtHR should strive for individual or constitutional justice, but rather as raising more fundamental questions concerning the Court's future identity. In particular, the article argues for recognition of 'embeddedness' in national legal systems as a deep structural principle of the ECHR, a principle that functions as a necessary counterpoint to the subsidiary doctrine that has animated the Convention since its founding. Embeddedness does not substitute ECtHR rulings for the decisions of national parliaments or domestic courts. Rather, it requires the Council of Europe and the Court to bolster the mechanisms for governments to remedy human rights violations at home, obviating the need for individuals to seek supranational relief and restoring countries to a position in which the ECtHR's deference to national decision-makers is appropriate.
- Topic:
- Government and Human Rights
- Political Geography:
- Europe