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142. Is Europe to Benefit from China's Belt and Road Initiative?
- Author:
- Nicola Casarini
- Publication Date:
- 10-2015
- Content Type:
- Working Paper
- Institution:
- Istituto Affari Internazionali
- Abstract:
- With the One Belt One Road (OBOR), arguably Beijing’s major diplomatic outreach in decades, a process towards greater Sino-European connectivity has been put in place. The implementation of the OBOR in Europe has focused so far on financing infrastructure projects, in particular railways in Southeast Europe and ports in the Mediterranean Sea. This has been complemented by growing monetary linkages between the People’s Bank of China and European central banks through the establishment of currency swap agreements and yuan bank clearing – so-called “offshore renminbi hubs” – with the aim of lowering transaction costs of Chinese investment and bolstering the use of the Chinese currency. While there are undoubtedly great economic opportunities, China’s OBOR initiative also presents the EU with a major political challenge. There is the risk, in fact, that a scramble for Chinese money could further divide EU member states and make it difficult for Brussels to fashion a common position vis-à-vis Beijing. Furthermore, China’s economic penetration into Europe may lead – if not properly managed – to a populist backlash as well as a strain in relations with Washington. All these elements should be taken into consideration by EU policymakers, as China’s OBOR makes inroads into the Old Continent.
- Topic:
- Development, International Trade and Finance, Bilateral Relations, and Infrastructure
- Political Geography:
- China and Europe
- Publication Identifier:
- 978-88-98650-64-4
- Publication Identifier Type:
- DOI
143. Melanesia New Voices: Investing in the Next Generation
- Author:
- Jenny Hayward-Jones
- Publication Date:
- 06-2015
- Content Type:
- Working Paper
- Institution:
- Lowy Institute for International Policy
- Abstract:
- Melanesian countries need to better cater for their growing young populations, including through establishing youth centres and targeted programs. Prosperity and peace is achieved through embracing the dignity of Melanesian identity, which includes respecting the New Caledonian decolonisation process and acknowledging West Papuan aspirations for human rights and self-determination. Melanesian countries are making good use of technological innovation, but infrastructure gaps and limited access to finance constrain the development of innovative small businesses.
- Topic:
- Development, Economics, Human Rights, and Infrastructure
- Political Geography:
- Australia/Pacific
144. Who Are They? Two Profiles of Syrian Refugees
- Author:
- Patryk Sasnal
- Publication Date:
- 10-2015
- Content Type:
- Policy Brief
- Institution:
- The Polish Institute of International Affairs
- Abstract:
- Syrians constitute the biggest national group migrating to Europe in 2015, according to Frontex. Of all the social diversity within a single society, two generalised profiles of a Syrian refugee can be inferred from available information: a poorer, rural worker based in camps in Jordan, Turkey and Lebanon, and a richer, middle-class professional living outside of refugee camps, recently migrating to Europe via the Greece and Western Balkans route. While Europe has so far received the best of the Syrian society, poorer Syrians may also be on the move without an immediate and substantial improvement of educational infrastructure and their legal labour market status in host countries.
- Topic:
- Civil War, Economics, Migration, Poverty, Refugee Issues, and Infrastructure
- Political Geography:
- Syria
145. Competitiveness - Catching the Next Wave: Africa
- Author:
- Oxford Economics
- Publication Date:
- 06-2015
- Content Type:
- Working Paper
- Institution:
- Oxford Economics
- Abstract:
- The pace of growth in sub-Saharan Africa could easily surpass most regions of the world. This report examines the industries with potential to fuel this growth and development over the next two decades, as well as central infrastructure and policy issues, focusing on South Africa, with additional analysis provided for Kenya and Nigeria.
- Topic:
- Infrastructure, Population, and Population Growth
- Political Geography:
- Kenya, Africa, South Africa, and Nigeria
146. Digital Single Market. SMEs and the Juncker Investment Plan for the European Union
- Author:
- Juan Antonio Pavón Losada
- Publication Date:
- 04-2015
- Content Type:
- Working Paper
- Institution:
- Fundación Alternativas
- Abstract:
- A few months ago (25/11/2014), the European Commission disclosed the mechanism for its much-heralded €315 billion investment plan, revealing how a a scarce €21 billion of initial public money is intended to lift fifteen times as much in capital. In March 2015, EU finance ministers agreed upon delivering on the commitment they took at the European Councils in October and December 2014, to wind-off Juncker's flagship investment plan. The idea was to create a new European Fund for Strategic Investments (EFSI), with €5 billion coming from the European Investment Bank and an €8 billion guarantee from existing EU funds designed to secure a further contribution of 16 billion Euro from the institutions. The €8 billion guarantee will come over a three-year period from the Connecting Europe Facility (€3.3 billion); Europe’s research programme Horizon 2020 (€2.7 billion) and socalled “budget margin”, or unused funds, worth €2 billion. On the one hand, the EFSI plans to generate investments into the European economy of about €315 billion, by providing guarantees for higher-risk projects which aim at developing telecommunications and transport infrastructure, energy efficiency projects, research, education and innovation activities to finally generating about 240 billion in long-term investments, showing a timid responsiveness for the claims against austerity over the past years. On the other hand, the alternative purpose of the Fund is to provide financing to SMEs to enhance the viability of new venture capital injections, loan guarantees, securitisations and seed financing designed to offer micro-loans to SMEs, to fund start-ups or offer mid-cap companies venture capital, projected to generate €75 billion for those SMEs and mid-cap firms over the period 2015-2017. In addition, the Commission aims to attract private investors to the Fund. Nevertheless, private investors seem sceptical about investing and assuming greater risks when the returns are not guaranteed. In fact, the basis for most longterm infrastructure or energy efficiency projects will most likely remain public funding -his is especially true of the newer EU member states, where the private sector is not strong enough-. In fact, the EU executive believes that more financing can be provided by individual member states. Two ways are being discussed: Capital contributions, which are not limited to the respective Member State and may entail voting rights and a claim on the fund´s return (if any); and that participation in investment platforms that can be restricted to the Member State itself. As an incentive, this amount will be then discounted from the calculations of their deficits within the European Semester. There is a rising concern between Member States that the new fund will turn into a parallel EU budget -where voting rights could be purchased- not subject to enough democratic control, since this is fund is expected to be managed by Commission and the EIB and. In order to prevent such situation, the Commission has announced that the fund will not consider to make investments on the basis of geographical distribution, but rather based on quality and viability. This may convince member states who fear the introduction of a parallel budget, but it might also raise problems of transparency and for those countries who wish to contribute voluntarily to the EFSI. Several alternatives to the current functioning of the EFSI -that still need to pass the European Parliament filter- has been tabled: e.g. the possibility that the EFSI regulation could establish mandatory national contributions in order to increase the credibility of the ratio 1:15; also, transforming the fund into a permanent financing system with legal personality, so it could access financial markets for funding; and that but not least, turning the EIB's contribution to EFSI into a regularly one rather a one-off, as it has been agreed so far. In any case -often accused of relying on leverage private investment unrealistic projections, lacking ambition, means and clear goals- this Juncker's investment plan goes along with several batteries of measures seeking to facilitate a boost in business activity, removing the obstacles hampering private investment in Europe.
- Topic:
- Infrastructure, Budget, European Union, and Investment
- Political Geography:
- Europe and Brussels
147. Building up a peace infrastructure for Colombia: lessons from implementing the Victims Law
- Author:
- Silke Pfeiffer
- Publication Date:
- 10-2015
- Content Type:
- Working Paper
- Institution:
- Norwegian Centre for Conflict Resolution
- Abstract:
- Whether a potential peace agreement between the Colombian government and the Revolutionary Armed Forces of Colombia will translate into the necessary transformations on the ground will depend, among other things, on the quality and legitimacy of its implementation system. Colombia will need to set up a peace infrastructure that not only facilitates formal compliance, but helps to transform the state, particularly at the local level, as well as citizens’ interactions with it. Tasked with implementing the 2011 Victims and Land Restitution Law, the National System for Comprehensive Attention to and Reparations for Victims provides important lessons for the architects of a future peace infrastructure. In order to have an impact on local dynamics, such an infrastructure will need to be developed in cooperation with regional and local actors and allow a degree of flexibility and autonomy for setting up cooperative spaces, while establishing clear standards and effective accountability systems. In the long run these spaces can only become vehicles for peace and confidence-building if power asymmetries and security risks facing community leaders are addressed. Finally, the success of a peace infrastructure will depend on the degree to which it is woven into existing institutional processes and logics, and manages to introduce good management practices instead of creating parallel, partly competing systems.
- Topic:
- Infrastructure, Institutionalism, Peace, and Reparations
- Political Geography:
- Colombia and South America
148. Where Are E-governments in South Asian Countries? A Comparative Approach
- Author:
- Jin-Wan Seo and Hasan Md Golam Mehedi
- Publication Date:
- 07-2015
- Content Type:
- Journal Article
- Journal:
- South Asian Studies
- Institution:
- Department of Political Science, University of the Punjab
- Abstract:
- The four countries are selected and compared based on their use of e-government as a tool to work and share information more effectively while delivering better services to the public. It also provides a general understanding of e-government and uses different variables to discuss the reality of e-government development and e-participation over the last few years in these four countries. In view of this, the time series data are collected from the United Nations e-government survey to highlight developing trends in e-government along with issues and challenges, best practices, and opportunities for the development of egovernment. As a result, this study finds that real e-government remains a distant hope in these countries due to the expense of supplying technology, a lack of infrastructure, limited human capital and a weak private sector.
- Topic:
- Development, Science and Technology, Infrastructure, and Internet
- Political Geography:
- Pakistan, Bangladesh, South Asia, India, Asia, and Korea
149. Rethinking the Financial Design of the World Bank
- Author:
- Devesh Kapur and Arjun Raychaudhuri
- Publication Date:
- 01-2014
- Content Type:
- Working Paper
- Institution:
- Center for Global Development
- Abstract:
- Since their inception, through 2012, the institutions comprising the World Bank group have been involved in lending nearly a trillion dollars. In this paper, we focus on the IBRD, which is the core of the World Bank. The IBRD has the potential to continue to grow and be an important player in official financial flows, supporting critical long-term development projects with large social returns, in sectors ranging from infrastructure, social sectors, or environment.
- Topic:
- Development, Economics, Environment, Foreign Aid, Infrastructure, and World Bank
- Political Geography:
- Europe
150. Russia's precarious Olympics
- Author:
- Leon Aron
- Publication Date:
- 01-2014
- Content Type:
- Policy Brief
- Institution:
- American Enterprise Institute for Public Policy Research
- Abstract:
- Every Olympiad is a complex and, until the end, uncertain endeavor. In the case of the 2014 Winter Games, which begin February 7 in Sochi, Russia, the challenges and vulnerabilities are far more significant and numerous than usual. It will be the first (and almost certainly the last) Winter Games in the subtropics. Virtually the entire infrastructure had to be built from scratch and in haste, with abuse of laborers and corruption overhead likely further compromising the construction. While various interest groups exploit every Olympiad to draw international attention to their causes, protests in Sochi could be particularly intense. Finally, and most ominously, Sochi is next door to a fundamentalist Islamic uprising in which terrorism claims victims almost daily. For the sake of the athletes and millions of fans, one hopes that none of these potential problems will precipitate a disruption, much less a crisis or bloodshed. Yet in their choice of location and the manner in which they have gone about organizing the Games, the Russian authorities have greatly increased that risk. By highlighting some key features and practices of Vladimir Putin's regime, a major setback at the Olympiad could deal a serious blow to the regime's legitimacy, prompt national soul searching, and trigger another round of civil resistance in search of reforms.
- Topic:
- Corruption, Islam, Insurgency, Infrastructure, and Governance
- Political Geography:
- Russia