regional_blocs   6

Vitor Gaspar - The Making of a Continental Financial System; Lessons for Europe from Early American History (2014) IMF working paper
Alexander Hamilton was the first U.S. Treasury Secretary from 1789 to 1795. When he started, the Federal Government was in default. During his tenure, U.S. Treasuries became the ultimate safe asset. He successfully managed expectations, achieved debt service reduction, and stabilized financial panics. He delivered sound public finances and financial stability. In the end, the U.S. possessed a modern financial system able to finance innovation and growth. At a time when Europe is working its way out of the sovereign debt crisis and implementing Banking Union and Financial Union, it is worthwhile to search for lessons from early U.S. history. - downloaded via iPhone to DBOX
paper  capital_markets  18thC  risk_assessment  European_integration  US_economy  sovereign_debt  economic_history  market_integration  Eurozone  political_economy  Germany-Eurozone  governance-regional  asset_prices  downloaded  US_history  Hamilton  federalism  regional_blocs 
october 2016 by dunnettreader
Peter Draper, Andreas Freytag, and Sarah Al Doyaili - Why Should Sub-Saharan Africa Care about the Doha Development Round? — Economics E-Journal - May 08, 2013
(Published in Special Issue Multilateral Trade Liberalization and Regional Integration under Stress – Workshop in Honor of Prof. Dr. Rolf J. Langhammer) -- In recent years sub-Saharan Africa, notwithstanding the global financial crisis, has increased its share in global trade and investment flows. This has led to an appreciable improvement in development levels, albeit off a small base. However, these patterns are still dominated by commodity flows and investment, and remain marginal on the global stage. Increased trade and investment flows, particularly related to network services, would be of great benefit to the sub-continent. Yet many domestic regulatory constraints remain. Furthermore, substantial international market distortions, particularly in agricultural trade, inhibit economic diversification into more value-adding activities. The Doha development round could, if concluded, go a long way towards addressing these barriers. Ultimately it could prove more consequential to the sub-continent’s development trajectory than regional economic integration. The latter, whilst important, is shallow and too reliant on institution-intensive forms mimicking the European Union. Overall therefore this paper motivates for an African trade agenda focused on concluding the Doha round.-- didn't download
paper  e-journal  economic_growth  regional_blocs  Sub-Saharan_Africa  trade-policy  trade-agreements  WTO  FDI  agriculture  development  economic_policy 
july 2015 by dunnettreader
Arthur Goldhammer - The Old Continent Creaks | Democracy Journal: Summer 2015
not so long ago (the EU) was praised by some as a model of ingenious institutional innovation and cooperative transnational governance, while simultaneously denounced by others as an insidious instrument for subjecting ostensibly democratic states to the imperious dictates of capitalism in its latest “neoliberal” form? For 2 generations after World War II, memories of the devastating consequences of nationalism trumped economic rivalries, giving technocrats maneuvering room to devise continental strategies for economic growth that nevertheless enabled member states to maintain sufficient control over social policy to satisfy voter demands. For decades, this arrangement held.By the mid-1980s, however, enormous changes in the global economy forced the European Community to reinvent itself in order to remain competitive. The original balance between national sovereignty and technocratic government at the European level was altered, limiting the ability of member states to set their own economic policy. But today’s convergent crises raise the question of whether the European Union that replaced the European Community needs to reinvent itself yet again. And if so, is reinvention possible at a time when many Europeans, and especially those for whom World War II is a distant memory, feel that the EU is exacerbating nationalist enmities rather than calming them? -- downloaded pdf to Note
article  Europe  20thC  21stC  EU  EU_governance  technocracy  nation-state  nationalism  regional_blocs  sovereignty  democracy_deficit  political_participation  opposition  globalization  competition-interstate  Eurozone  economic_policy  fiscal_policy  monetary_policy  sovereign_debt  downloaded 
july 2015 by dunnettreader
Olaf Merk - The Impact of Mega-Ships | OECD Insights Blog - June 2015
Ports and Shipping, International Transport Forum (ITF) at the OECD. -- A new publication by the ITF assesses the impacts of these giant container ships. -- Our research casts serious doubts over whether this capacity can in fact be filled. We found a disconnect between what is going on in the boardrooms of shipping lines and the real world. -- There are also several supply chain costs and risks related to mega-ships. There are adaptations needed to infrastructure and equipment: ...cranes, quays, access channels... Mega-ships stay on average 20% longer in ports – ... this requires massive efforts to accommodate these longer-stay guests. The higher risks associated with mega-ships are linked to difficulties in insuring and salvaging ... (..)more cargo is concentrated on a single ship, leading to lower service frequencies and lower supply chain resilience (..) decision-making by ports and countries should be more balanced. Many public policies stimulate mega-ship use, but public benefits are limited whereas public costs can be high. This should change, first by aligning incentives to public interests. For example, not to have port tariffs that cross-subsidise mega-ships, to clarify state aid rules for ports, increase their financial transparency and possibly link state aid for shipping companies to commitments to share in certain costs (e.g. dredging). Another way would be to increase collaboration at regional level, between countries, ports and regulators. This might include coordination of port development and investment, possibly port mergers and more national or supra-national planning and focus. -- didn't download
report  OECD  global_economy  transport  maritime_issues  shipping  ports  infrastructure  supply_chains  risk_management  insurance  trade-policy  globalization  regional_blocs  regulation-harmonization  labor_standards 
july 2015 by dunnettreader
Danielle Rajendram - India’s new Asia-Pacific strategy: Modi acts East | Lowy Institute for International Policy - 18 December 2014
Key Findings - (1) India’s Look East Policy has shaped its engagement with the Asia-Pacific for over two decades, and, in recent years, has been driven by an external balancing strategy against China’s influence in the Indian Ocean, as well as India’s desire for a greater global role. * (2) The BJP’s overwhelming electoral mandate will provide Prime Minister Modi with the opportunity to transform India into a serious strategic player in East and Southeast Asia. Announced shift from "Look East" to "Act East". * (3) The Modi Government will pursue a greater role in the Asia-Pacific in line with India’s growing economic and strategic interests, based on practical partnerships with Japan, Vietnam, Australia, and ASEAN.
IR  India  South_Asia  Asia_Pacific  East_Asia  China  Japan  Australia  ASEAN  maritime_issues  economic_reform  balance_of_power  alliances  Indian_Ocean  Vietnam  global_governance  regional_blocs 
january 2015 by dunnettreader
Razzaque, M. and Y. Basnett(eds.) - Regional Integration in South Asia: Trends, Challenges and Prospects (Commonwealth Secretariat, 2014) | The Commonwealth iLibrary - Books
"Regional Integration in South Asia: Trends, Challenges and Prospects" presents an objective assessment of trade and economic co-operation among South Asian nations and highlights policy issues to foster regional integration. The analyses presented in this volume go beyond the usual discussions on trade-in-goods to provide insightful perspectives on potential new areas of co-operation, emerging challenges, and country-specific views on regional and bilateral trade co-operation issues. Written by influential analysts and researchers, the volume’s 24 chapters include perspectives from Bangladesh, India, Maldives, Nepal, Pakistan and Sri Lanka, and examinations of new areas of co-operation such as investment, regional supply chains, energy and cross-border transport networks. -- From overview chapter, looks like they pour cold water on launching another in a long series of splashy but ineffective regional initiatives. They expect few major benefits from focusing on tariffs and official non-tariff trade barriers or a preferential regional bloc. The region simply is poorly integrated by infrastructure, movements of people and ideas, and business relations. Much is due to the costs of adequate over land transport given the topography, which exacerbated by the political tensions that are barriers to devoting significant scarce resources to building cross-border linkages. But even ports have been developed with an eye to global rather than regional trade. Can be read online - or download for $
books  South_Asia  economic_growth  development  exports  export-led  regional_blocs  India  Pakistan  Bangladesh  Sri_Lanka  trade-policy  trade-agreements  trade  supply_chains  globalization  political_economy  infrastructure  transport  ports  tariffs 
november 2014 by dunnettreader

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