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17591. Into Africa: Emerging opportunities for business

Publication Date:
08-2012
Content Type:
Working Paper
Abstract:
Ten years ago, The Economist ran a cover with the title “Africa: The Hopeless Continent”. Today, this has been replaced by “Africa Rising” (last December's issue)—a reflection of the changes that the continent has experienced over a decade. What has engineered Africa's rise through difficult times? It is predominantly the emergence of the BRICs, particularly India and China, that has helped to put Africa back on the map of development and investor interests.
Topic:
Development, Economics, and Foreign Direct Investment
Political Geography:
Africa, China, and India

17592. The Moral Enigma of an Intervention in Syria: A Just War Analysis

Author:
Niamh Maria O'Sullivan
Publication Date:
08-2012
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
Few issues in international politics have sparked more debate this year than the events unfolding in Syria. What began 17 months ago as peaceful marches seeking reform has brought Syria to the brink of a civil war that threatens to stop the Arab Spring dead in its tracks. As the death toll rises and accusations of crimes against humanity mount against Syrian President Bashar al-Assad and his ruling Ba'ath Party, many are calling for an armed intervention to put an end to the Assad regime's widespread human rights abuses. Finding the right way forward for Syria, however, is proving elusive and so we turn to philosophy and, in particular, to Just War theory for guidance. Though often criticized as a soft or unrealistic approach to foreign policy, principles like just cause and proportionality guide our way through the moral enigma that has confounded the international community since the uprising began. The answers are far from easy. As the battle for Syria rages on, the most ethical, and difficult, thing to do might just be to stay out.
Topic:
Conflict Resolution, Civil War, Human Rights, and Regime Change
Political Geography:
Middle East, Arabia, and Syria

17593. Beyond the Asterisk Agreement

Author:
Pasqualina Lepore
Publication Date:
07-2012
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
In the context of the ongoing EU-mediated dialogue, Serbia and Kosovo have reached several agreements, the most important of which being that on regional representation and cooperation. Also known as the “asterisk agreement”, the agreement reached in February 2012 allows Kosovo to represent itself at all regional meetings with the nameplate of “Kosovo*”. While widely appreciated by the international community, it has generated divergent interpretations in Belgrade and Pristina and has provoked turmoil in both countries. On the whole, the agreement has enhanced Kosovo's and Serbia's path towards the EU, with the mandate for a feasibility study for the former and EU candidacy for the latter being achieved. However, the agreement has not addressed the key bones of contention between the parties, namely North Kosovo and Pristina's status. As a result, the situation remains unsustainable and a more comprehensive solution needs to be found.
Topic:
Conflict Resolution, Diplomacy, and Treaties and Agreements
Political Geography:
Europe, Kosovo, Serbia, and Balkans

17594. Azerbaijan in Transition

Author:
Jens Hölscher
Publication Date:
07-2012
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
Azerbaijan has been the fastest growing economy of the world and it increasingly attracts the interest of foreign investors. This paper analyses the Azerbaijani economy in transition from communism to capitalism over the past decade with a focus on investment climate. Facts and figures of the apparent economic miracle are presented and a number of political obstacles considered. Azerbaijan's transition towards a market economy has not gone very far and it is mainly slowed down by low levels of trust and high levels of corruption. There are also human rights issues and freedom or press is limited. Unless and until Azerbaijan deals with these problems, shadows will continue to loom over its economic miracle.
Topic:
Development, Economics, International Trade and Finance, and Foreign Direct Investment
Political Geography:
Caucasus and Azerbaijan

17595. François Hollande's Presidency:A New Era in French Foreign Policy?

Author:
Jean-Pierre Darnis
Publication Date:
06-2012
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
François Hollande's election as president of the French republic seems to mark a political rupture, interrupting 17 years of right wing presidencies (under Jacques Chirac and Nicolas Sarkozy) and a decade of conservative government. Hollande claims that he will be a “normal” president, in contrast with Sarkozy's flamboyant style. This paper assesses whether Hollande's presidency truly represents a turning point in France's trajectory by gauging its impact on French foreign policy. The argument elaborated below is that French foreign policy is and will continue to be driven by strong continuities, although differences in style are likely to impinge upon France's role in the world and in the EU.
Topic:
International Relations, Foreign Policy, Democratization, and Politics
Political Geography:
Europe

17596. Raising Awareness Together: How Can the EU Engage with Civil Society to Promote Sustainable Lifestyles?

Author:
Ekaterina Vladimirova
Publication Date:
06-2012
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
Individual behaviour plays a key role in resolving the climate change problem. The main obstacle for such behavioural change is often poor public knowledge about the ethical dimension of climate change and about the practical solutions available to individuals in order to make informed choices. Promoting sustainable lifestyles should top the political agenda in Europe. In this light, this paper suggests how the EU could engage with civil society to promote sustainable lifestyles through joint media campaigns, by establishing local sustainability centres and by working together to change educational standards. This collaboration would benefit from knowledge and expertise exchange, lower transaction costs and, most importantly, it would increase public trust in the quest for sustainability.
Topic:
Civil Society, Climate Change, Education, Environment, and Mass Media
Political Geography:
Europe

17597. A Sovereign Wealth Fund to Lift Germany's Curse of Excess Savings

Author:
Daniel Gros and Thomas Mayer
Publication Date:
08-2012
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
For most of the time since the early 1950s, national savings in Germany have tended to exceed national investment, resulting in a current account surplus. Most of these excess savings have been intermediated by the domestic banking system, which has had difficulties investing these German surpluses abroad given that it is prohibited by law from taking any exchange rate risk. This tended to keep the surplus within limits most of the time (less than 1- 2% of GDP). With the advent of the euro, however, German surpluses could become much larger and seem now to have become structurally engrained at 6% of GDP, or over one-quarter of savings. Since the start of the euro crisis, German private savers have repatriated their investments – effectively unloading their exposure onto the public sector as German banks have deposited hundreds of billions of euro at the Bundesbank. These funds are being lent by the ECB to banks in the euro area periphery (at 75 bps) – ensuring effectively a negative real return.
Topic:
Economics, International Trade and Finance, Markets, and Sovereign Wealth Funds
Political Geography:
Europe and Germany

17598. Can Italy and Spain survive rates of 6-7%?

Author:
Daniel Gros
Publication Date:
07-2012
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
The sentiment that the euro is now in real danger is based in large part on the widespread conviction that interest rates of 6-7% are simply unsustainable for both Italy and Spain., After taking a closer look at the fundamentals, however, Daniel Gros concludes in this new Policy Brief that both countries should be able to live with this level of interest rates for quite some time, but only if they mobilize domestic savings, which remain strong in both countries. For Spain, some debt/equity swaps are also needed.
Topic:
Debt, Economics, Markets, and Financial Crisis
Political Geography:
Europe, Spain, and Italy

17599. Unholy compromise in the eurozone and how to right it

Author:
Stefano Micossi
Publication Date:
07-2012
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
Two years after the first Greek rescue in May 2010, crisis management in the eurozone has still failed to restore confidence. A vivid picture of the situation can be found in Figure 1: the constellation of spreads on ten-year sovereign debts over the Bund in the eurozone is wider than it was before monetary union, as though financial markets had already discounted its breakdown. Temporary respites, notably in the early part of 2012, have not interrupted the trend of increasing divergence that risks undermining the credibility of adjustment efforts under way.
Topic:
Debt, Economics, Markets, Monetary Policy, and Financial Crisis
Political Geography:
Europe

17600. Pre-empting Technical Barriers in the Single Market

Author:
Jacques Pelkmans and Anabela Correia de Brito
Publication Date:
07-2012
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
Effective enforcement and compliance with EU law is not just a legal necessity, it is also of economic interest since the potential of the Single Market will be fully exploited. Enforcement barriers generate unjustified costs and hindrances or uncertainty for cross-border business and might deprive consumers from receiving the full benefit of greater choice and/or cheaper offers.
Topic:
Economics, Markets, Monetary Policy, and Law
Political Geography:
Europe