Sovereignty, Accountability, And The Wealth Fund Governance Conundrum,
2010
Georgetown University Law Center
Sovereignty, Accountability, And The Wealth Fund Governance Conundrum, Anna Gelpern
Georgetown Law Faculty Publications and Other Works
Sovereign wealth funds – state-controlled transnational portfolio investment vehicles – began as an externally imposed category in search of a definition. SWFs from different countries had little in common and no particular desire to collaborate. But SWFs as a group implicated the triple challenge of securing cooperation between deficit and surplus states, designing a legal framework for global capital flows, and integrating state actors in the transnational marketplace. This Article describes how an apparently artificial grouping of investors, made salient by the historical and political circumstances of their host states in the mid-2000s, became a vehicle for addressing some of …
Impacts Of Islamic And Commercial Banks' Reserves Restrictions On Macroeconomic Parameters Of Sudan (2007-2009),
2010
Department of Economics. Al Neelain University, Khartoum, Sudan
Impacts Of Islamic And Commercial Banks' Reserves Restrictions On Macroeconomic Parameters Of Sudan (2007-2009), Professor Issam A.W. Mohamed
Professor Issam A.W. Mohamed
The paper analyzes the impacts of Islamic and conventional Banks reserves' restrictions in Sudan. Comprehensively, those restrictions are necessary for health banks, performance and the viability of the macroeconomic performance in any country. The selected period of the analysis (2007-2009) is vital to study impacts of the Global Financial Crisis on the Sudanese economy. The paper introduces available data on banks institutions, macroeconomic policies and the central Bank of Sudan considering its part on controlling money supply and demand besides drawing policies for banks behaviors. It is conceivable from my conclusions here that there are conflicts between conventional and Islamic …
Off The Cliff And Back? Credit Conditions And International Trade During The Global Financial Crisis,
2010
Singapore Management University
Off The Cliff And Back? Credit Conditions And International Trade During The Global Financial Crisis, Davin Chor, Kalina Manova
Research Collection School Of Economics
We study the collapse of international trade flows during the global financial crisis using detailed data on monthly US imports. We show that credit conditions were an important channel through which the crisis affected trade volumes, by exploiting the variation in the cost of capital across countries and over time, as well as the variation in financial vulnerability across sectors. Countries with higher interbank rates and thus tighter credit markets exported less to the US during the peak of the crisis. This effect was especially pronounced in sectors that require extensive external financing, have limited access to trade credit, or …
Faulty Structure And Uninspired Member States Fail The Euro: Lessons Learned From The Greek Crisis,
2010
SIT Study Abroad
Faulty Structure And Uninspired Member States Fail The Euro: Lessons Learned From The Greek Crisis, Maximilian Bevan
Independent Study Project (ISP) Collection
The conception of the euro was a moment that revolutionized the role of a monetary union. States no longer dealt internally with their monetary policies nor made their decisions autonomously from other nations. The euro countries in 1999 became dependent on one another’s success of policymaking and proper governance. There were skeptics of this single currency theory but if it was executed properly, the Eurozone becomes one of the most important economic regions in the world. From 2002, when the euro coins were issued, up until eight months ago, the euro accomplished a level of significance rivaling the dollar and …
Mother Earth "Speaks": Change Yourself, Change The World, Use The Archetypal Energy "Harmony" As A Guide,
2010
UMASS Boston
Mother Earth "Speaks": Change Yourself, Change The World, Use The Archetypal Energy "Harmony" As A Guide, Carroy U. Ferguson
Carroy U "Cuf" Ferguson, Ph.D.
In relation to the Cosmos, we all, as human beings, live on this tiny planet we call Earth, a planet that supports and sustains life, as we know it. There are many different kinds of people, plants, and animals functioning in harmony with soil, air, and water--all linked to one another in a complex web of life to form one Earth community. Unfortunately, we often take this miracle and ecosystem of life for granted. When, however, we take the ecosystem of life too much for granted, Mother Earth "speaks," reflecting imbalances and dis-harmonies. When Mother Earth "speaks," her message is …
Trade Liberalization And Employment Performance Of Textile,
2010
East Africa Secretariet
Trade Liberalization And Employment Performance Of Textile, Johansein L. Rutaihwa Mr., Wumi K. Olayiwola Dr
Johansein Rutaihwa
The objective of this study is to investigate the effect of trade liberalization on employment performance of textile industry in Tanzania. The basic issue of concern is that the implementation of trade liberalization has differential impact on employment and wage in many African countries. In addressing this issue as well as achieving the objective, econometric models of employment and wage are estimated using co-integration method of analysis. The analysis shows that effective rate of protection and export intensity have an insignificant positive impact on demand for labour, but import penetration has a significant negative impact on employment. Also, only import …
A Two-Edged Sword: The Economy Cooperation Framework Agreement Between The Republic Of China And The People's Republic Of China,
2010
Brigham Young University Law School
A Two-Edged Sword: The Economy Cooperation Framework Agreement Between The Republic Of China And The People's Republic Of China, Chi-An Chou
Brigham Young University International Law & Management Review
No abstract provided.
A Clashing Viewpoint Concerning India: A Critique Of Goldman Sachs 2007 Report,
2010
Kennesaw State University
A Clashing Viewpoint Concerning India: A Critique Of Goldman Sachs 2007 Report, Ashok K. Roy, Aniruddha Bagchi
Journal of Global Initiatives: Policy, Pedagogy, Perspective
The centerpiece of the 2007 Report by Goldman Sachs is the prediction of India's phenomenal economic growth and power in the next few decades. In this article we critique the conceptual validity of that prognosis. In particular, we highlight several hard and soft infrastructure impediments to India's emergence as a major economic power.
Globalization And The Unending Frontier: An Overview,
2010
University of Ibadan
Globalization And The Unending Frontier: An Overview, Olutayo C. Adesina
Journal of Global Initiatives: Policy, Pedagogy, Perspective
The decisive events and the determining forces unleashed by globalization hold on the one hand, the potential for expanding the scope of political, social and economic processes, and on the other, erode people's connection to the way they live, the people they live with and the places they live in. They also intensify alienation and disengagement. The essays, themes, arguments and macro-level analysis in this volume try to make sense of the dynamics of globalization. They survey the potentials of the phenomenon and forces of globalization, and the capacity of these highly disruptive and contentious change processes to direct, affect …
From The Alliance Of Economies To The Alliance Of Civilizations: Turkey's Strategic Role And Importance,
2010
Kennesaw State University
From The Alliance Of Economies To The Alliance Of Civilizations: Turkey's Strategic Role And Importance, Murat Doral
Journal of Global Initiatives: Policy, Pedagogy, Perspective
In "The Clash of Civilizations;' Huntington hypothesized that the principal conflicts of global politics will occur between groups of different civilizations, and concluded that the "clash of civilizations" will dominate global politics in the future. In addition, Huntington declared Turkey as one of the "torn countries" and tried to make connections between its Muslim identity and its delayed ED membership. The growing trade and investments volume tell us that regardless of our differences, people around the world understand the benefits of economic cooperation and would prefer this route to starting a war of civilizations.
Africa's Debt Crisis: Perspectives On Nigeria's Escape From External Debt Trap,
2010
University of Lagos, Nigeria
Africa's Debt Crisis: Perspectives On Nigeria's Escape From External Debt Trap, Solomon O. Akinboye
Journal of Global Initiatives: Policy, Pedagogy, Perspective
In sharp contrast with the image of an "oil-rich" country, Nigeria is paradoxically a heavily indebted poor country. While the country's oil production reached 2.5 million barrels per day in 2004, its total external debt stock at the end of 2004 was estimated at $35.9 billion. The debt crisis has been aggravated by the burden of debt servicing, which has absorbed the nation's budgetary and foreign exchange resources with deleterious impact on the critical sectors of the economy. The paper critically examines Nigeria's external debt profile and efforts toward its alleviation. It argues that the debt burden constitutes a major …
Essays On International Lending And Increasing Returns To Scale,
2010
Florida International University
Essays On International Lending And Increasing Returns To Scale, Thomas J. Snyder
FIU Electronic Theses and Dissertations
Standard economic theory suggests that capital should flow from rich countries to poor countries. However, capital has predominantly flowed to rich countries. The three essays in this dissertation attempt to explain this phenomenon. The first two essays suggest theoretical explanations for why capital has not flowed to the poor countries. The third essay empirically tests the theoretical explanations. The first essay examines the effects of increasing returns to scale on international lending and borrowing with moral hazard. Introducing increasing returns in a two-country general equilibrium model yields possible multiple equilibria and helps explain the possibility of capital flows from a …
Naira Convertibility: The Journey So Far,
2010
Central Bank of Nigeria
Naira Convertibility: The Journey So Far, Moses K. Tule
Bullion
This paper examines the path to Naira Convertibility, the Journey so far. lt avers that convertibility is pursued by countries either as an economic management approach or as a tool for achieving higher reckoning on the global economic stage. Consequently, the examples of Argentina, Chile, Peru, Brazil, etc could fall in the first category while the Russian Rubble push could qualify for the second group. Nigeria's efforts at Naira convertibility would fall. The paper suggested that Nigeria should initiate a more realistic Naira convertibility programme through trade guarantees where it insists that imports from Nigeria from member ECOWAS members would …
Global Economic Crisis: The Need For African Government Interventions For Rapid Economic Recovery And Stability,
2010
Central Bank Nigeria
Global Economic Crisis: The Need For African Government Interventions For Rapid Economic Recovery And Stability, Hassan T. Sanni
Bullion
The paper reappraises the various measures taken by African governments to curtail the effects of the global economic meltdown. This is with a view to re-emphasizing the need for strong interventions by African governments. The paper is organized into five sections. Aside from the introduction, section two reviews the genesis of the global economic crisis, while section three briefly discusses the impact of the global economic meltdown with greater emphasis on African economies. The global responses as well as African forms of interventions since the global shock are presented in section four of the paper. The summary, recommendations and conclusion …
The Effects Of Refugee And Non-Refugee Immigrants On Us Trade With Their Home Countries,
2010
Franklin & Marshall College
The Effects Of Refugee And Non-Refugee Immigrants On Us Trade With Their Home Countries, Roger White, Bedassa Tadesse
Economics
Employing data on US immigrants and trade with 59 home countries for the years 1996–2001, we compare the extent to which refugee and nonrefugee immigrants affect US trade with their home countries and provide the first evidence of variation in the US immigrant–trade relationship across immigrant types. We also consider the abilities of refugee and non-refugee immigrants to offset the trade-inhibiting influence of cultural distance. Our results show that while immigrants, in general, exert positive influences on US imports from – and exports to – their home countries, the influence of refugee immigrants is quite minimal when compared with that …
Trade Equilibrium, Trade Deficits, And Jobs,
2010
Pace University
Trade Equilibrium, Trade Deficits, And Jobs, Narendra C. Bhandari
Faculty Working Papers
The U.S. sacrifices about ten full time jobs for each million dollars of net imports of goods and services. Its billions of dollars in trade deficit is the primary reason behind its millions of job losses. Loss of jobs, in turn, decreases income, demand, investment, and tax revenues. Budget deficits enlarge and programs of public and social care are curtailed.
“Trade Equilibrium,” naturally, is the principal solution. In the short term it will put a stop on additional jobs exports. Over the years, it will also create net new jobs. There is no other long lasting practical way out of …
Positive Economic Freedom: An Enabling Role For International Labor Standards In Developing Countries?,
2010
Rollins College
Positive Economic Freedom: An Enabling Role For International Labor Standards In Developing Countries?, Tonia Warnecke, Alex De Ruyter
Faculty Publications
Approaches to economic development have overemphasized negative economic freedom for multinational corporations at the expense of a majority of the population in developing countries. An inevitable outcome has been the growth of informal sector and “vulnerable” employment in developing countries and entrenchment of existing inequalities. We argue that rather than an emphasis on negative freedom, an emphasis on using labor standards to facilitate positive economic freedom must occur. Labor standards do this not only through the “core” rights of union membership and collective bargaining, but also in addressing substantive (“non-core”) rights at work (wages, working-time, etc.), thereby facilitating positive freedom.
Macroeconomic Effects Of Foreign Currency Exchange Rates On Savings Attitudes In Sudan,
2010
Department of Economics. Al Neelain University, Khartoum, Sudan
Macroeconomic Effects Of Foreign Currency Exchange Rates On Savings Attitudes In Sudan, Professor Issam A.W. Mohamed
Professor Issam A.W. Mohamed
The impacts of fluctuations of exchange rates of foreign hard currencies are well documented in economics literature. There are measures taken over by countries to absorb their impacts on income, employment and national economies ability to function and produce. However, distortions are observed in underdeveloped and developing countries. Sudan is among those where impacts of fluctuations in exchange rates versus national currencies are strongly observed and felt on its economy. In the past three decades they represented the highest effects on real money's value, had macroeconomic impacts, affect the prices of productive inputs, produced commodities and the economy's performance. The …
Impacts Of Southern Sudan Secession: Case Study Of Hawazma Nomads Of Kordofan,
2010
Department of Economics. Al Neelain University, Khartoum, Sudan
Impacts Of Southern Sudan Secession: Case Study Of Hawazma Nomads Of Kordofan, Professor Issam A.W. Mohamed
Professor Issam A.W. Mohamed
Tribal interactions between groups of Southern Kordofan and the Southern provinces of Bahr al Ghazal and Upper Nile are wide and old. The old coexistence habits that previously dominated a one country structure were torn down by a de facto status secession by the Southern region of Sudan. The South Kordofan represents a region where tribal groups live in. Now it represents a region of future candidate for war. The decision of secession of Southern Sudan for independence involved delayed drawing borders and arguments of conflicts on specific regions bordering the two parts of Sudan. In South Kordofan many tribes …
The Role Of Entrepreneurship In Economic Growth,
2010
University of North Carolina at Chapel Hill
The Role Of Entrepreneurship In Economic Growth, Daniel Smith
Undergraduate Economic Review
This study confirms that the level of entrepreneurship in a given country has a significant positive effect on the level of economic growth in that country. Contrary to some established theories, this study has found evidence that the level of entrepreneurship in a given country is not explained by the levels of the traditional causes of economic growth in that country (specifically the amounts of labor, capital, and knowledge that a country possesses as well as the presence or absence of market friendly government policies). Instead, entrepreneurship acts as an independent factor.
