The Experts below are selected from a list of 258 Experts worldwide ranked by ideXlab platform
C. Fred Bergsten - One of the best experts on this subject based on the ideXlab platform.
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The United States and the World Economy: Foreign Economic Policy for the Next Decade
2005Co-Authors: C. Fred BergstenAbstract:What are the key Foreign Economic Policy issues facing the United States in the second half of this decade? How can the administration and Congress meet the Economic challenges that lie ahead? This new book analyzes the dramatic importance of the world economy to both the domestic prosperity and overall Foreign Policy of the United States, describes the new global environment (e.g., the rise of China as a global Economic superpower and the completion of European unification) in which US Policy must operate, and proposes major US initiatives on a wide range of international Economic issues, including correction of the huge current account deficit, new trade negotiations, and energy. Individual chapters by senior staff of the Institute on each of the key topics are included.
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Foreign Economic Policy for the Next President
Foreign Affairs, 2004Co-Authors: C. Fred BergstenAbstract:AT A TIME when U.S. Foreign Policy is dominated by war, terrorism, and weapons of mass destruction, Economic concerns are often rele gated to the back burner. But in reality, Economic Policy must be an integral component of any successful Foreign Policy. Some of its elements, such as the suppression of terrorist financing and support for reconstruction efforts in Iraq and Afghanistan, bear directly on the most central national security concerns. The linkage, however, is much broader, because most countries, rich or poor, large or small, depend heavily on the global economy for their prosperity and their stability. Hence, Economics ranks at the top of their list of concerns. To continue to be relevant to the rest of the world, the United States must engage effectively on these issues. As the sole military superpower, the United States may often be able to undertake unilateral initiatives for the sake of national security. But in Economic Policy, unilateralism is simply not an option. No government, Washington included, can ignore market forces. The
Christopher M. Dent - One of the best experts on this subject based on the ideXlab platform.
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Transnational capital, the state and Foreign Economic Policy: Singapore, South Korea and Taiwan
Review of International Political Economy, 2003Co-Authors: Christopher M. DentAbstract:Various discourses and debates on the state - transnational capital relationship have emerged within the international political economy literature. The particular contribution offered here focuses on this relationship in three East Asian developmental states (Singapore, South Korea and Taiwan - the NIE-3) through the lens of Foreign Economic Policy (FEP) analysis. In different ways their respective state governments have all worked closely alongside various forms of transnational capital in sustained yet evolving ‘adaptive partnerships’, and in accordance to largely state-determined FEP objectives. Moreover, these objectives broadly relate to the pursuit of Economic security in the international system. While each of the NIE-3's own path of Economic development has differed significantly, there nevertheless exist important similarities. This not just relates to being constituent to the East Asian regional Economic dynamic but also their shared developmental state tradition. The relationship between the s...
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singapore s Foreign Economic Policy the pursuit of Economic security
Contemporary Southeast Asia: A Journal of International and Strategic Affairs, 2001Co-Authors: Christopher M. DentAbstract:Singapore has maintained one of the most effective Foreign Economic policies (FEP) of any small state, with the city-state's proactivity in the domain of Economic diplomacy demonstrated at multiple levels. This article contends that Singapore's fundamental FEP objectives are oriented by its pursuit of Economic security. Various key determinants of Singapore's Foreign Economic Policy are presented in setting the general context to the main discursive analysis. In addition to various geoEconomic and state-centred factors, Singapore's deep security complex forms a crucial determinant in this respect. A framework for Economic security analysis within the FEP context is developed and then applied to Singapore's case.
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South Korea's Foreign Economic Policy: New parameters and pressures examined
Global Economic Review, 1998Co-Authors: Christopher M. DentAbstract:This paper considers the various challenges and pressures that confront Korea in developing its future Foreign Economic Policy (FEP). It is set against the context of the country's recent financial problems but also examines previous Economic developments in the Korean economy, how the parameters of FEP can be defined, the impact of globalisation and systemic change in the world economy, the tension between domestic and international forces in the crucible of FEP-making and offers a theoretical perspective to this latter discussion. Finally, the future direction of Korea's FEP is considered with particular reference to issues of Economic diplomacy, diversification and the 'advocacy' principle.
Mthuli Ncube - One of the best experts on this subject based on the ideXlab platform.
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heightened Foreign Economic Policy uncertainty shocks on the south african economy the role of credit conditions and the capital flows channels
2017Co-Authors: Eliphas Ndou, Nombulelo Gumata, Mthuli NcubeAbstract:This chapter determines the transmission of Economic Policy uncertainty shocks via selected financial channels and how these impact the credit conditions index (CCI). In addition, the chapter examines whether Economic Policy uncertainties and credit conditions channels impact the monetary Policy responses to positive inflation shocks. Evidence shows that positive Foreign Economic Policy uncertainty shocks lead to a significant reduction in equity and debt inflows. Furthermore, the size of the Foreign Policy uncertainty shocks matters. Evidence shows that large positive Foreign Policy uncertainty shocks depress equity inflows more than smaller uncertainty shocks. Credit conditions exhibit prolonged periods of tightening due to positive European, US and China Policy uncertainty shocks. The type capital of inflows matters because a reduction in equity inflows amplifies the tightening of credit conditions compared to debt inflows. The repo rate tightens so as to curb positive inflationary pressures irrespective of whether Foreign Policy uncertainty shocks are endogenous or exogenous in the model. However, a counterfactual analysis shows that the decline in equity inflows which leads to tightening credit conditions exacerbates the adverse impact of monetary Policy tightening on GDP growth.
Eliphas Ndou - One of the best experts on this subject based on the ideXlab platform.
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Heightened Foreign Economic Policy Uncertainty Shock Effects on the South African Economy: Transmission via Capital Flows, Credit Conditions and Business Confidence Channels
Capital Flows Credit Markets and Growth in South Africa, 2019Co-Authors: Nombulelo Gumata, Eliphas NdouAbstract:We examine the extent to which Foreign Economic Policy uncertainty shocks are transmitted via the capital inflows, credit conditions and business confidence channels to impact South African GDP growth. Evidence shows that heightened Foreign Economic Policy uncertainties deter both debt and equity inflows into the domestic economy, lowers business confidence, tighten credit conditions. These effects reduce GDP growth. There is a presence of endogenous credit cycles or the financial accelerator mechanism in propagating the initial Economic Policy uncertainty shock. The tightening in credit conditions can result in higher external premiums for raising capital in financial markets. Furthermore, banking and non-banking flows decline in response to heightened Foreign Policy uncertainty shocks. Positive Economic Policy uncertainty shocks have asymmetric effects on equity inflows depending on the size of the shock. Evidence suggests that elevated Foreign Economic Policy uncertainty deters equity and debt inflows into South Africa. Equity inflows amplify the tightening of credit conditions compared to debt inflows. Equity and debt inflows propagate the adverse effects of heightened Economic Policy uncertainty via tight credit conditions. The implication is that firms with poorer indicators of creditworthiness will be more constrained than those which are creditworthy, and this can negatively affect investment and growth.
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heightened Foreign Economic Policy uncertainty shocks on the south african economy the role of credit conditions and the capital flows channels
2017Co-Authors: Eliphas Ndou, Nombulelo Gumata, Mthuli NcubeAbstract:This chapter determines the transmission of Economic Policy uncertainty shocks via selected financial channels and how these impact the credit conditions index (CCI). In addition, the chapter examines whether Economic Policy uncertainties and credit conditions channels impact the monetary Policy responses to positive inflation shocks. Evidence shows that positive Foreign Economic Policy uncertainty shocks lead to a significant reduction in equity and debt inflows. Furthermore, the size of the Foreign Policy uncertainty shocks matters. Evidence shows that large positive Foreign Policy uncertainty shocks depress equity inflows more than smaller uncertainty shocks. Credit conditions exhibit prolonged periods of tightening due to positive European, US and China Policy uncertainty shocks. The type capital of inflows matters because a reduction in equity inflows amplifies the tightening of credit conditions compared to debt inflows. The repo rate tightens so as to curb positive inflationary pressures irrespective of whether Foreign Policy uncertainty shocks are endogenous or exogenous in the model. However, a counterfactual analysis shows that the decline in equity inflows which leads to tightening credit conditions exacerbates the adverse impact of monetary Policy tightening on GDP growth.
Richard A Higgott - One of the best experts on this subject based on the ideXlab platform.
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after neoliberal globalization the securitization of u s Foreign Economic Policy in east asia
Critical Asian Studies, 2004Co-Authors: Richard A HiggottAbstract:This article traces the "securitization" of U.S. Foreign Economic Policy in the administration of George W. Bush. It does so with reference to U.S. Economic Policy in East and Southeast Asia. It argues that in the context of U.S. Economic and military preponderance in the world order, the United States has been unable to resist the temptation to link Foreign Economic and security Policy. While there was evidence of the securitization of Economic globalization in U.S. Policy from day one of the Bush administration, it was 9/11 that firmed up this trend. For the key members of the Bush Foreign Policy team, globalization is now seen not simply in neoliberal Economic terms, but also through the lenses of the national security agenda of the United States. Economic globalization is now not only a benefit but also a "security problem." The attacks on 9/11 offered the opportunity for what we might call the "unilateralist-idealists" in the Bush administration to set in train their project for a post-sovereign approach to U.S. Foreign Policy.
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american unilateralism Foreign Economic Policy and the securitisation of globalisation
2003Co-Authors: Richard A HiggottAbstract:This paper traces the ‘securitisation’ of US Foreign Economic Policy since the advent of the Bush administration. It does so with reference to US Economic Policy in East Asia. It argues that in the context of US Economic and military preponderance in the world order, the US has been unable to resist the temptation to link Foreign Economic and security Policy. While there was evidence of the securitisation of Economic globalisation in US Policy from day one of the Bush administration, it was 9/11 that firmed up this trend. For the key members of the Bush Foreign Policy team, globalisation is now seen not simply in neo-liberal Economic terms, but also through the lenses of the national security agenda of the United States. Economic globalisation is now not only a benefit, but also a ‘security problem’. 9/11 offered the opportunity for what we might call the ‘unilateralist-idealists’, in the Bush Administration, to set in train their project for a post-sovereign approach to American Foreign Policy. The paper identifies some intellectual contradictions in current US strategy and raises a series of questions about the implications for world order of the consolidation of the trends identified in the paper.