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19131. Export Trade Performance of Indian Economy during and Following the Global Financial Crisis

Author:
Dr. Sumanjeet Singh
Publication Date:
07-2011
Content Type:
Journal Article
Journal:
The Rest: Journal of Politics and Development
Institution:
Centre for Strategic Research and Analysis (CESRAN)
Abstract:
Towards the end of 2008 the effects of global recession started getting reflected in international trade. The fall in global demand and the slowing-down in economic growth translated into a substantial reduction in international trade. It affected the cross-border trade of virtually all countries and economic sectors. Indian exports trade could not remain unaffected in a situation where external demand was dwindling globally. The present paper reviews India's export performance during and following the global financial crisis. Indian exports started to decline in July 2008. It declined from US$ 17,095 million in July 2008 to US$ 11,516 million in March 2009, which accounts for almost 33 per cent decline. This growth contraction has come after a robust 25 per cent-plus average export growth since 2003. But, as a result of government policy measures and recovery in global economy, India's exports growth turned positive and exports grew by a whopping 54.1 per cent in March 2010 and recorded the highest growth rate among the world's top 70 economies in merchandise exports. India's merchandise exports during April 2010 at US$ 16.9 billion recorded a growth of 36.3 per cent as compared with a decline of 32.8 per cent registered in April 2009. Exports witnessed huge annualized growth of 56.9 per cent to $25.9 billion in May 2011 in a bright spot for the Indian economy, which is battling high inflation amid signs of a slowdown.
Topic:
Economics, Government, and Financial Crisis
Political Geography:
India

19132. Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism

Author:
Stan C. Weeber
Publication Date:
07-2011
Content Type:
Journal Article
Journal:
The Rest: Journal of Politics and Development
Institution:
Centre for Strategic Research and Analysis (CESRAN)
Abstract:
This book appeared against the backdrop of a near meltdown in the U.S. economy and the election of Barack Obama as President of the United States. Because candidate Obama championed stimulus spending to repair the economy, there was anticipation that the release of Animal Spirits would coincide with a renewed enthusiasm for the economics of John Maynard Keynes inside 1600 Pennsylvania Avenue.
Topic:
Economics
Political Geography:
United States

19133. Hard Line: The Republican Party and U.S. Foreign Policy Since World War II

Author:
Dustin Dehez
Publication Date:
07-2011
Content Type:
Journal Article
Journal:
The Rest: Journal of Politics and Development
Institution:
Centre for Strategic Research and Analysis (CESRAN)
Abstract:
Colin Dueck's superbly written history of Republican American presidents since the end of World War II is a fine introduction to American conservatism and American presidential politics alike. Most historians and political scientists focus their attention on a single administration and try to describe changes within a single or between two or three consecutive administrations. That is quite fine of course, but what is often missing is the evolution in a particular brand of a political party's approach to a specific area over a prolonged period of time, a longue durée so to speak. This lack of attention to changes in the long run has contributed to the misperception that there is one Republican or Democratic angle to foreign affairs. Dueck therefore tries to complement the history by focusing on the evolution of Republican foreign policy over the past six decades and though the book's title suggests a consistent Republican approach to foreign affairs, he excels in describing the different angles by which American Republican presidents have perceived international relations and formulated their policies. The author does not hide his general sympathy for a conservative stance on foreign policy but manages a critical evaluation where it is being called for. The book's narrative does not necessarily add anything new to the existing body of research, but it is, nonetheless, a rather apt description of American conservative thought and Republican politics alike. Dueck brilliantly conflates the recent history of political thought, the emergence of new and powerful lobbies, party and domestic politics, and public diplomacy with the performance of Republican presidents. And wherever convenient Dueck pays sufficient attention to developments on the side of the Democratic party as well.
Topic:
Development
Political Geography:
United States and America

19134. Unsettled Account: The Evolution of Banking in the Industrialized World Since 1800

Author:
Dr. Hans Dubois
Publication Date:
07-2011
Content Type:
Journal Article
Journal:
The Rest: Journal of Politics and Development
Institution:
Centre for Strategic Research and Analysis (CESRAN)
Abstract:
People love to feel special. Unfortunately, not seldom does this mean superior, but sometimes it just means different in the broader sense; as part of a collective or as an individual. While not always eager to admit it, people tend to find their convictions superior to the beliefs of others, the countries they happen to been born in to be fundamentally different from others, and the era they live in to be a radical break from a relative stable past. Nevertheless, however unique each individual and community is, they resemble each other much more than one might wish. Countries' perceived superiorities are quickly dismissed by the fact that one can hear the same pride in so many different countries: 'our' food is best, 'our' people are the most beautiful, hospitable, friendliest, entrepreneurial and can be found anywhere in the world, 'our' country has the most beautiful landscapes, 'our' language is the most difficult, etc. The same goes for eras. For example, during the recent boom, it was often claimed that this boom was fundamentally different from earlier ones. During the current bust, dramatic news headings claim basically the same, but from the negative side. The effects of the crisis are devastating, and important to react to. The share of households around the world suffering from–already prevalent–poverty increased during the crisis, just as it did during previous crises.

19135. Shocked and Awed: How the War on Terror and Jihad have Changed the English Language

Author:
Emilian Kavalski
Publication Date:
07-2011
Content Type:
Journal Article
Journal:
The Rest: Journal of Politics and Development
Institution:
Centre for Strategic Research and Analysis (CESRAN)
Abstract:
It is always difficult to comment on the work of an author who has passed away before its publication. The pervasive sense of finitude tends to draw attention to (as well as offer a glimpse into) some of the concerns and interests that must have preoccupied the author in his final days. What is particularly challenging is that the work under review is by no other than Fred Halliday – a scholar, commentator, and insatiably curious student of international affairs, whose research has left an indelible mark on the field. At the same time, Fred Halliday has been someone who has constantly strived to escape the straitjackets of mainstream paradigms. This was evident in his 2008 Burton Valedictory Lecture at the London School of Economics and Political Science before moving to take a research professorship at the Barcelona Institute for International Studies. Fred Halliday concluded his speech to the mesmerized audience by insisting that it is music (and, in particular, dance) that can provide the creative platforms for grasping the complexity of global life (or what he called at the time 'the suffering of passions in ideas and in life').
Topic:
Economics, Political Economy, and International Affairs

19136. Keeping Haiti Safe: Justice Reform

Publication Date:
10-2011
Content Type:
Policy Brief
Institution:
International Crisis Group
Abstract:
Haiti's justice system remains dysfunctional and continues to pose significant obstacles to its democratic process, security, reconstruction and development. While some steps have begun with regard to the police, institutional reform in the sector has lagged, allowing further impunity and persistent criminal threats to citizen safety. Despite five years of pledges, the majority of Haitians still have limited access to justice, and mistrust of the formal judicial system is widespread. President Michel Martelly and parliament must work in a non-partisan manner to at last produce reform, including by modernising the 174 year- old criminal code and procedures and setting standards for judges, giving the judiciary adequate resources and creating efficient mechanisms that guarantee proper access to justice.
Topic:
Security, Economics, Politics, Poverty, and Law Enforcement
Political Geography:
Caribbean

19137. Ten Years After September 11: An Analysis of Public Opinion in the Muslim World

Author:
Katherine Didow and Jinnyn Jacob
Publication Date:
05-2011
Content Type:
Working Paper
Institution:
Belfer Center for Science and International Affairs, Harvard University
Abstract:
In January 2011, protests started in Tunisia and Egypt, sparking a string of uprisings in the Muslim world, with consequences yet unknown. These monumental shifts caught many politicians, academics, journalists and pollsters by surprise. As world leaders scramble to formulate policy to confront these new realities, there is an urgent need for accurate and relevant public opinion data on the Muslim world.
Topic:
Islam, Terrorism, and Armed Struggle
Political Geography:
Middle East, Arabia, Egypt, and Tunisia

19138. Proposed Liability Framework for Geological Sequestration of Carbon Dioxide

Author:
Wendy B. Jacobs
Publication Date:
10-2011
Content Type:
Working Paper
Institution:
Belfer Center for Science and International Affairs, Harvard University
Abstract:
Harvard Law School's Emmett Environmental Law and Policy Clinic* supports immediate large-scale carbon capture and sequestration ("CCS") demonstration projects as part of a larger national and global effort to address climate change. Large-scale CCS projects (those that sequester at least 1.5 million tons of captured carbon dioxide ("CO2") annually) must be demonstrated soon to confirm CCS as a viable strategy to combat climate change and to show the commitment of the United States to achieving meaningful reductions in domestic CO2 emissions.
Topic:
Climate Change, Energy Policy, Environment, and Treaties and Agreements
Political Geography:
United States

19139. A New Case for Wastewater Reuse in Saudi Arabia: Bringing Energy into the Water Equation

Author:
Arani Kajenthira, Laura Diaz Anadon, and Afreen Sidiqqi
Publication Date:
06-2011
Content Type:
Policy Brief
Institution:
Belfer Center for Science and International Affairs, Harvard University
Abstract:
Industrial and urban water reuse should be considered along with desalination as options for water supply in Saudi Arabia. Although the Saudi Ministry for Water and Electricity (MoWE) has estimated that an investment of $53 billion will be required for water desalination projects over the next 15 years [1], the evolving necessity to conserve fossil resources and mitigate GHG emissions requires Saudi policy makers to weigh in much more heavily the energy and environmental costs of desalination. Increasing water tariffs for groundwater and desalinated water to more adequately represent the costs of water supply could encourage conservation, but also reuse, which may be more appropriate for many inland and high-altitude cities. The Saudi government should expand its support for water conservation and reuse within industry through financial incentives or through the implementation of cleaner production standards that encourage energy and water conservation and reuse. The case studies discussed in this work suggest that the implementation of water conservation, reuse and recovery measures in the natural gas [2] and crude oil [3] sectors alone have the potential to conserve up to 222 million m3 of water annually [2-4], or 29% of the total industrial water demand in 2009 [5]. In the municipal sector, increasing secondary wastewater treatment and reuse resulted in substantial cost and energy savings for six inland cities, while an estimated 26% of urban water needs could be met by treated wastewater. Therefore, industrial and domestic water reuse have the potential to appreciably reduce water withdrawals, conserve non-renewable aquifer water, and reduce reliance on desalination, which is primarily driven by non-renewable natural gas. Anticipated investments in desalination projects could also be deferred by prioritizing investment in sewage and water distribution networks that would ensure more effective water reclamation and reuse while simultaneously conserving non-renewable groundwater and natural gas resources and preventing the lock-in of potentially unnecessary desalination infrastructure that is likely to become more efficient in future.
Topic:
Energy Policy, Natural Resources, and Infrastructure
Political Geography:
Middle East and Saudi Arabia

19140. China's Aircraft Carrier: Chinese Naval Nationalism and Its Implications for the United States

Author:
Robert Ross
Publication Date:
10-2011
Content Type:
Policy Brief
Institution:
Belfer Center for Science and International Affairs, Harvard University
Abstract:
In August 2011, after years of planning and development, China launched its first aircraft carrier—the refurbished Soviet carrier Varyag—which China purchased from Ukraine in 1998. This development represents a major benchmark in China's naval modernization program. In addition, there are reports that China is building two aircraft carriers, which means that within five years the People's Liberation Army Navy (PLAN) could possess a total of three such vessels.
Topic:
Conflict Prevention and Arms Control and Proliferation
Political Geography:
United States, China, and Ukraine