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51. PolicyWatch #1396: Financial Crisis Grips Fayad Government

Author:
Mohammad Yaghi
Publication Date:
08-2008
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
Palestinian prime minister Salam Fayad recently appealed to the World Bank in an effort to bridge the current budget gap preventing the Palestinian Authority (PA) from paying government salaries this month. Despite a three-year $7.5 billion assistance pledge from the 2007 Paris donor conference, the PA remains in a financial crisis, with a projected shortfall of $400 million for the second half of 2008, as reported by the Ad Hoc Liaison Committee in May. Since Fayad's technocratic government has no independent political base, its legitimacy stems from the PA's financial solvency. He has survived ongoing attacks from rival Fatah leaders only because Palestinian president Mahmoud Abbas recognizes him as the linchpin to Western donor assistance. If the financial crisis persists, however, Fayad's political future is in doubt.
Topic:
Government, International Political Economy, Financial Crisis, and World Bank
Political Geography:
Middle East and Palestine

52. Rising Food Prices: Drivers and Implications for Development

Author:
Alex Evans
Publication Date:
04-2008
Content Type:
Policy Brief
Institution:
Chatham House
Abstract:
Global food prices have risen 83 per cent over the last three years. The increases have been driven by high income growth in emerging economies (probably the single most significant factor), use of crops for biofuels, the relative inelasticity of supply, historically low stock levels and some speculative investment. More recently, national concerns over inflation and prices have led some countries to reduce exports and others to try to build up stocks – creating a feedback loop that feeds on itself to drive prices up still further. In the medium to longer term, 'scarcity trends' – climate change, the cost of energy inputs, scarcity of land and water – could limit the supply-side response. In the immediate term, the priority is to increase both the volume and the quality of humanitarian assistance available to poor people, including by moving away from in-kind food aid and towards cash transfers or voucher systems – although it is important to be clear that there are outstanding questions about how these social protection systems will work, and they should not be seen as a panacea. The issue of compensatory financing may also arise for some countries facing balanceof- payments difficulties. In the longer term, the key challenge is to increase the supply of food: the World Bank estimates that demand for food will rise by 50 per cent by 2030, as a result of rising affluence and growing world population. Achieving this challenge will require something close to a revolution, and a massive investment in agriculture in developing countries. If supply fails to keep pace with rising demand, then the question of 'fair shares' is likely to emerge as a significant global issue. Already, the effect of a burgeoning global middle class switching to diets with more meat and dairy products – both relatively inefficient in terms of grain use – has been to reduce the affordability of staple foods for poorer consumers.
Topic:
Agriculture, Economics, Environment, International Trade and Finance, World Bank, and Population

53. Water in the 21st Century: Defining the Elements of Global Crises and Potential Solutions

Author:
Umpanu Lall, Tanya Heikkila, Casey Brown, and Tobias Siegfried
Publication Date:
10-2008
Content Type:
Journal Article
Journal:
Journal of International Affairs
Institution:
School of International and Public Affairs, Columbia University
Abstract:
Will we run out of fresh water in the 21st century? The media highlights the parched lands, dry riverbeds and springs and falling groundwater tables across the world daily. Over a billion people living in developing countries without access to safe drinking water are facing economic and water poverty. Another real and troubling indicator is the rapid rate of aquatic habitat degradation and biodiversity loss in the last century. Projected changes in climate due to greenhouse gases invariably portray a future world that is much drier in the tropics—where over half the world's population lives—and suggest a global increase in floods and droughts.
Topic:
World Bank
Political Geography:
America and United Nations

54. Blind spot: The continued failure of the World Bank and IMF to fully assess the impact of their advice on poor people

Publication Date:
09-2007
Content Type:
Policy Brief
Institution:
Oxfam Publishing
Abstract:
It seems impossible that the World Bank and International Monetary Fund (IMF) would give advice to developing countries without fully considering how it might affect the lives of poor people. Yet, despite it being a long-stated policy of both institutions to do so, and some recent progress on the part of the IMF, they are still failing to consistently ensure that there is a proper assessment of the likely consequences of different policy actions on the poorest people.
Topic:
Development, International Cooperation, International Organization, and World Bank

55. What agenda now for agriculture? A response to the World Development Report 2008

Publication Date:
10-2007
Content Type:
Policy Brief
Institution:
Oxfam Publishing
Abstract:
After two decades of indefensible neglect, agriculture is back on the agenda. The World Bank's publication of the 'World Development Report 2008: Agriculture For Development' (hereafter WDR), the first WD R on agriculture since 1982, reflects this renewed interest in the sector's potential to reduce rural poverty and inequality.
Topic:
Agriculture, Development, and World Bank

56. Is China an economic threat to Southeast Asia?

Author:
John Ravenhill
Publication Date:
05-2006
Content Type:
Working Paper
Institution:
Australian National University Department of International Relations
Abstract:
China's entry into the World Trade Organization (WTO) caused widespread concern that it would gain market share at the expense of other economies in East Asia, especially the lower-income ASEAN economies. Economic modelling done by the World Bank and others appeared to substantiate these fears; the conclusions of these studies caused further consternation among politicians and academic commentators in Southeast Asia who believed that China's success in the 1990s in attracting foreign direct investment had come at ASEAN's expense.
Topic:
Development, Economics, and World Bank
Political Geography:
China, Asia, and Southeast Asia

57. Special Policy Forum Report: The Middle East and the World Bank, Post-September 11

Author:
Jean-Louis Sarbib
Publication Date:
03-2002
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
Even prior to September 11, the World Bank emphasized the links between economic development, hopelessness, acts of desperation, and terrorism. To be sure, there is no one-to-one connection between poverty and terrorism, but surely poverty feeds hopelessness, which then creates an enabling environment for terrorism. Living in a society with such despair, terrorists can perceive and present themselves as champions of the poor. The acts that were perpetrated on September 11 proved that building a wall around the prosperity of a particular region of the world simply does not work. The world is truly globalized and unified; events and problems know no borders.
Topic:
Security, Religion, Terrorism, and World Bank
Political Geography:
Middle East and Arabia

58. Special Policy Forum Report: Iran – Reformist Blues, Economic Woes

Author:
Afshin Molavi
Publication Date:
11-2002
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
Iran has been experiencing nationwide student demonstrations this week, touched off by a hardline court's recent decision to sentence Tehran professor Hashem Aghajari to death for advocating reform of the Shi'i clergy. Although Aghajari's message was well within the mainstream of traditional Shi'a thought, it presented a challenge to the hardline clerics, who insist on a far-reaching revision of Shi'a that includes unquestioning obedience to ruling clergy. The death sentence was meant to send a message to other midranking academics within the reformist movement. Yet, the hardliners' grave miscalculation about the reaction of the Iranian street has led to protests in Tehran, Tabriz, and other Iranian cities.
Topic:
Security, Religion, and World Bank
Political Geography:
United States, Iran, Middle East, and Arab Countries

59. Independent Task Force Report: Reconstructing the Balkans

Author:
Charles A. Kupchan, Morton I. Abramowitz, and Albert Fishlow
Publication Date:
07-1999
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
The last of the six Balkan Wars of the twentieth century is over. But it is by no means certain that a durable peace is at hand. After vast death, destruction, and savagery lasting almost a decade can the peoples of the former Yugoslavia live together again in peace? If so, the region will require sustained help and support from the West. The United States and its European partners are in the midst of mustering the necessary resources and political will. There are numerous uncertainties complicating efforts to proceed with the reconstruction of the area. Whatever the international community may proclaim, the borders of Serbia, Kosovo, Bosnia, and Croatia could well change. The management of Kosovo's status and its relationship to Serbia is likely to produce serious tensions within the Alliance and between NATO and Russia. What politically will emerge from a beaten and traumatized Serbia no one can predict. Nor is it clear that Montenegro will remain as part of Yugoslavia, particularly if Milosevic continues to rule. An ethically fragile Macedonia has been badly weakened by the war and the inflow of three hundred thousand Kosovar deportees. Albania barely hangs together as a state. Neighboring Rumania and Bulgaria have avoided violence and begun to remake their societies, but they have suffered economically from the wars. The area of reconstruction is small and the population limited; the task at hand certainly is not of the dimensions of restoring post-war Europe. But the problems are daunting. Without security there will be no development. NATO forces will be needed indefinitely to keep the peace in Bosnia and Kosovo. Much more must be done to promote political and economic reform in the region, requiring vision and planning. The states of the region will first need urgent help to stabilize their economies and manage enormous humanitarian problems. They must also be able to envisage a better future, one that holds out the prospect of bringing them into Europe's political and economic mainstream. Realizing that goal will require profound changes in their economies and institutions as well as in their relationships with each other. Faced with these challenges, Western countries and a host of international institutions have begun to address how to foster the broad reconstruction of the area. The EU-sponsored stability pact, adopted in Cologne in June, is the beginning attempt at a multifaceted, coordinated approach to the problem. The G-8 has agreed on a broad program of financial assistance, and the EU has pledged 1.5 billion dollars for aid to Kosovo alone. Numerous follow-up conferences are already planned. Much more work has to be done to give reality and coherence to such efforts. Balkan reconstruction will be a protracted undertaking. It will require extremely difficult commodities – a comprehensive approach and the will, resources, and mechanisms to implement the effort. It is mostly to such a long term approach that this preliminary working paper addresses itself. It does not deal with the immediate requirements of refugee return and humanitarian assistance nor the urgent repair of human and material infrastructure. The World Bank and the IMF in cooperation with many other international organizations and interested countries are coordinating the assessment of needs and costs and have issued preliminary reports. The purpose of this working paper is to provide a broad political approach and to highlight the three key components of a comprehensive, long-term strategy: building security, integrating the region into the European Union, and fostering economic and political reform. For the purposes of this paper, we consider the region to be Serbia, Kosovo, Montenegro, Bosnia, Bulgaria, Macedonia, Albania, Croatia, and Rumania. This is somewhat arbitrary and these states are at different stages of political and economic development. The problems of Rumania and Bulgaria are quite different than Serbia's and Kosovo's; Croatia is much further advanced than next door Serbia and Bosnia. They all have to be dealt with separately, and no single state should hold back the progress of others in entering Europe. But they also face a collective future and the region will enjoy a lasting peace only if all its states leave the past behind and move decidedly to join the wider community.
Topic:
NATO, Ethnic Conflict, International Cooperation, International Political Economy, and World Bank
Political Geography:
Russia, United States, Europe, Bosnia, Kosovo, Yugoslavia, Serbia, Bulgaria, Balkans, Macedonia, Albania, and Croatia