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Curse Or Cure? China, Africa, And The Effects Of Unconditioned Wealth, Patrick J. Keenan
Curse Or Cure? China, Africa, And The Effects Of Unconditioned Wealth, Patrick J. Keenan
Patrick J. Keenan
This article argues that the behavior of many countries is affected by the manner in which they receive financial support. Using China's recent activities in Africa as a sort of natural experiment, I show that unconditioned wealth can produce negative social outcomes without leading to sustained economic growth.
Financial Globalization And Human Rights, Patrick J. Keenan
Financial Globalization And Human Rights, Patrick J. Keenan
Patrick J. Keenan
This article develops a model of the enforcement of human rights that accounts for financial globalization. First, I argue that, in practical terms, the traditional approach to protecting human rights by documenting violations of human rights to embarrass states into changing their ways is becoming much less likely to succeed. This reputational approach, often referred to as "naming and shaming," has long been the primary mechanism of enforcing human rights norms. Shaming was sometimes accompanied by a form of economic shunning, with countries who violated human rights norms finding it more difficult to find trading partners in the developed world. …
Sovereign Wealth Funds And Social Arrears: Should Debts To Citizens Be Treated Differently Than Debts To Other Creditors?, Patrick J. Keenan
Sovereign Wealth Funds And Social Arrears: Should Debts To Citizens Be Treated Differently Than Debts To Other Creditors?, Patrick J. Keenan
Patrick J. Keenan
Sovereign wealth funds are investment vehicles by which governments invest some of a nation’s wealth in international financial markets. Some the world’s poorest countries, often with fragile democracies or despotic governments, have been able to amass staggering amounts of wealth in these nominally private funds. For most scholars, the principal worry about these funds is that they make possible investments in pursuit of political, not economic, goals, and thereby strategically harm other countries or the international financial markets. Thus much of the debate about regulating sovereign wealth funds has centered on the international impact of these funds. There has been …
Do Norms Still Matter? The Corrosive Effects Of Globalization On The Vitality Of Norms, Patrick J. Keenan
Do Norms Still Matter? The Corrosive Effects Of Globalization On The Vitality Of Norms, Patrick J. Keenan
Patrick J. Keenan
This article considers the ways that the processes of globalization can erode the power of social norms. First, I argue that because individuals in a globalizing community typically suffer from significant disruptions in relationships, the community's ability to regulate itself is eroded. In vibrant communities, residents are willing to intervene in the lives of their neighbors by, for example, scolding children who misbehave in public or teenagers who deface buildings. But in a globalizing community, the conditions that give rise to this willingness to intervene are eroded by the process of globalization. Second, I argue that globalization can distort the …