Economic Policy Commons^™

Minimum Exchange Rate And A Negative Interest Rate: The Swiss National Bank’S Unconventional Monetary Policy During Eurozone Volatility, Wally Bargeron

Independent Study Project (ISP) Collection

Monetary policy is one of the most important tools that a government has to influence its economy. This means the ability for a country to determine their own monetary policy is important to that country’s autonomy. Switzerland has consistently based its decisions on what would afford it the highest level of autonomy, including the decision not to join the European Union and subsequently the decision to retain their own currency.

The Swiss National Bank retains the mandate to keep price levels (inflation) stable, but it is challenged by an appreciating currency. Because the Swiss Franc is a safe-haven currency, money …

Education To Employment: The Role Of University Career Guidance In Reducing Youth Unemployment In Jordan, Anoushka Saraf

Independent Study Project (ISP) Collection

This paper addresses the need for effective career guidance for university students, and sustainable post-graduation alumni support systems, to improve the employability of university graduates and reduce youth unemployment in Jordan. Through interviews and surveys, this paper will identify the key problems contributing to the skill mismatch between university graduates and the demands of the labor market. It will try and tackle how career centers can help their students develop soft skills like communication and teamwork, build a portfolio to differentiate themselves to employers, empower themselves with skills through online courses on software development, data science, research, and other technological …

No Integration Without Employment: Asylum-Seekers In Serbia And Their Search For Employment, Jona Block

Capstone Collection

Employment is traditionally viewed as an integral component of refugee integration. Previous research suggests that for refugees, employment benefits psychological well-being, provides economic security, and develops social networks. The current research explores the dynamic between integration and employment for asylum-seekers and refugees in Serbia. It seeks to understand the difficulties these displaced populations face finding employment and why they remain in a country which is traditionally viewed as a transit country into the European Union. Data collection was conducted through semi-structured, qualitative interviews with asylum-seekers, refugees, and Key Informants in Serbian CSOs (Civil Society Organizations). The data shows that employment …

A Transition Point: The Role Of The Global Power Shift In Facilitating Saudi Internal Reforms, Aidan Aguilar

Independent Study Project (ISP) Collection

The increasing political and economic influence of China represents a pivotal point within international relations. This paper aims to explore the implications of this global power shift on Saudi Arabia’s attempted economic reforms. The Kingdom’s reliance on oil has created an unsustainable economic model, and this model is intrinsically linked to Saudi Arabia’s relationship with the United States. Its growing relationship with China could create change. As such, this paper analyzes the intersection of economics and security in relation to the Saudi Vision 2030. I argue that, not only does China serve as an important source of the investment necessary …

Seeking Independence A Second Time: Fdi In Uganda’S Development, Halle Jones

Independent Study Project (ISP) Collection

This paper aims to examine the characteristics of foreign direct investment in Uganda and its impacts on development. The paper will look at the current neoliberal paradigm in the international political economy and its role in the developing world.

A practicum-based internship with the Southern and Eastern Africa Trade Information and Negotiations Institute Uganda (SEATINI) guided independent research and provided information through interviews with various organizations and government ministries.

This paper found that neoliberal policies limit development opportunities of FDI. Examples of successful economic growth in various countries provide significant evidence of the importance of government intervention and strategic development …

El Ingreso Familiar De Emergencia En Argentina: Una Exploración Cualitativa Preliminar De La Suficiencia Relativa Y El Acceso / Emergency Family Income In Argentina: A Qualitative And Preliminary Exploration Of Relative Sufficiency And Access, Seamus Mcwilliams

Independent Study Project (ISP) Collection

El gobierno argentino ha promulgado docenas de nuevas protecciones sociales y varios de apoyo financiero para limitar la devastación económica causada por la pandemia del coronavirus. Una de estas medidas es el Ingreso Familiar de Emergencia (IFE), un estímulo de 10.000 pesos dirigido a familias del sector informal. Esta población tiene poca capacidad para resistir un período indefinido sin ingreso, y simultáneamente es difícil de alcanzar con los otros programas de ingresos debido a la naturaleza de la informalidad. A través de un análisis del ecosistema de apoyo gubernamental y dos entrevistas con profesionales familiarizadas con el sector informal, este …

Room To Grow: A Comparative Analysis Of Cannabis Regulation Models In Europe, Amanda H. Cronin

Independent Study Project (ISP) Collection

Debilitated by years of economic instability, the Spanish economy has not fully rebounded to its once strong place in the European market. And now, in the aftermath of a devastating pandemic, the nation will be searching for new sources of wealth. The lucrative market potential of controlled cannabis in medicinal and recreational settings is an attractive industry gaining popularity across Europe. This paper explores the various policy models and legal systems in Portugal, Germany, and the Netherlands. Combining a variety of sources, I seek to ascertain the best plan for Spain. Ultimately, analysis shows that a multi-pronged approach is the …

Changing Water Resources’ Effect On Livelihoods And Socio-Ecological Relationships In Himalayan Communities Of Nepal, Luke Bazemore

Independent Study Project (ISP) Collection

The looming threat of climate change will lead to significant alterations in livelihoods and daily practices for individuals across the world. This paper seeks to identify the effects of climate change on hydrological regimes in Himalayan communities in Nepal with particular focus towards livelihood and socio-ecological transformations. Using the socio-ecological systems framework to analyze specific communities and their resource use, along with vulnerability and adaptative capacity analysis, this paper includes a meta-analysis of existing literature. Numerous findings indicated that rural, mountainous communities of Nepal face a variety of environmental impacts which may reduce viability of two significant modes of production: …

The Sustainability Of Child Protection Services In The Republic Of Kosovo, Shpetim Bylykbashi

Capstone Collection

Today, in Kosovo, are services provided for the children most in need sustainable? Do these services have stable and long-term funding? Did the decentralization of the Kosovo government strengthen or weaken the existing child protective environment? In an attempt to answer these questions, a review of available literature was completed, as well as direct interviews conducted with relevant stakeholders engaged in Kosovo’s child protection services at both the governmental and civil society levels. The main finding of my research is that vulnerable children in Kosovo, such as children without parental care, children with special needs, and child victims of domestic …

Foreign Direct Investment In Kigali’S Special Economic Zone And Its Impact On Rwanda’S Economic Reconstruction, Sabrina Roberts

Independent Study Project (ISP) Collection

Vision 2020 is a development strategy implemented by the Rwandan government. It aims to make Rwanda a middle-income country with a per capita income of $1240 USD. One pillar of this strategy is increasing regional and international integration. The Kigali Special Economic Zone (KSEZ) was created in direct response to this pillar.

The paper begins with an introduction to Rwanda’s post-conflict economic situation and goes on to describe and explain the role that Foreign Direct Investment (FDI) in the KSEZ has played in reconstructing the Rwandan economy. The study focuses on the impacts of the KSEZ and the significance of …

El Socio No Tradicional: Un Análisis De Las Inversiones Chinas En La Argentina Y La Articulación Bilateral Argentino-China / The Nontraditional Partner: An Analysis Of Chinese Investment In Argentina And The Argentine-Chinese Bilateral Articulation, Lucy Hale

Independent Study Project (ISP) Collection

Esta investigación se enfoca en la relación comercial bilateral que tienen Argentina y China. Se analizan las inversiones extranjeras directas (IED) chinas en Argentina en el período 2003 hasta 2019 y trata de entender las dos siguientes preguntas: ¿Qué revelan las inversiones chinas en la Argentina sobre la relación de estos dos países en términos de oportunidades políticas y económicas para cada uno de ellos? Y ¿de qué tipo de articulación bilateral son indicativas estas inversiones? Esta investigación cuenta con una base de datos agregados de varias fuentes académicas, gubernamentales y periodísticas. Además, cuatro entrevistas fueron llevadas a cabo con …

El Último Acuerdo Con El Fmi Durante El Gobierno De Mauricio Macri: El Impacto De La Deuda Externa En La Soberanía Según Los Actores Políticos Y Sociales De La Argentina / The Latest Agreement With The Imf Under The Government Of Mauricio Macri: The Impact Of Foreign Debt On The Sovereignty Of Argentina According To Social And Political Actors, Sarah Schubert

Independent Study Project (ISP) Collection

Nobel laureate in economics, Simon Kuznets, allegedly commented “There are four kinds of countries in the world: developed countries, underdeveloped countries, Japan, and Argentina” (Reyes & Sawyer, 2019). Since the mid twentieth century, Argentina has stood out due to the complexity of its ever changing economic and political orientations. Initially recognized as a growing nation with a booming economy, Argentina soon fell victim to macroeconomic instability. Inflation, growing deficits and most notably the assumption of foreign debt have plagued the country’s economy. Known for their tumultuous relationship with the International Monetary Fund, Argentina came to declare the largest sovereign default …

Juntar Todos Los Recursos: Los Obstáculos Y Las Oportunidades Del Financiamiento De Las Oscs En Argentina, Yanting (Jane) Yang

Independent Study Project (ISP) Collection

El enfoque de este informe es la situación del financiamiento de las OSCs en Argentina. Las OSCs (Organizaciones de Sociedad Civil) pertenecen al sector que trabaja en el campo entre el sector gubernamental y el sector privada. Trabajan para fines públicos, son autónomas y actúan sin fines de lucro. Las OSCs en Argentina generalmente juntan sus fondos principales a través de los siguientes métodos: fondos de las ONGs internacionales; fondos de las empresas; fondos de los donantes individuales. Sin embargo, dependiendo del tamaño y la reputación de cada OSC, tienen fondos de escalas diferentes (Klugman et al). Para ilustrar, las …

Cacao Together: A Model For True Sustainability In The Chocolate Industry, Kerstin Roos

Capstone Collection

This Course Linked Capstone provides a critical analysis of the concept of sustainable development and then uses this analysis to create a social venture plan for a non-profit called Cacao Together. This capstone project will identify challenges in the sustainable use of cacao by first critiquing the mainstream sustainable development initiatives of certification schemes and corporate sustainability programs. It then offers an alternate framework through the 5 Capital Livelihood assessment tool which when applied, shows the gaps in cacao sustainability initiatives generally. I then propose a social venture that will addresses the needs of many parts of the chocolate supply …

Formalizing Through Finances: A Case Study With Unics, Leah Kellenberger

Independent Study Project (ISP) Collection

This paper seeks to analyze the microfinance industry in Yaoundé, Cameroon through the lens of the microfinance institution UNICS. The main question guiding this study deals with whether or not the UNICS is encouraging a shift to the formal sector through their work with business people. Other questions relating to repayment rates and subsequently economic development also remain pertinent to the information found. In total, it is found that UNICS seeks to encourage formal sector growth through their work with businesspeople in the informal. Repayment rates however do not determine success of any aspect of a customer’s business or encouragement …

An Abbreviated Leap: The Geopolitical And Geoeconomic Significance Of The China – Pakistan Economic Corridor To The New Silk Road, Emma Nichols

Independent Study Project (ISP) Collection

The objective of this analysis is to reveal the geopolitical and geoeconomic significance of the China – Pakistan Economic Corridor of the Belt and Road Initiative to its major stakeholders; Pakistan and China. In 2013, Chinese President Xi Jinping unveiled one of the most ambitious international infrastructure plans in modern history. The plan, in its earliest stages, is currently underway with its first portion, the China – Pakistan Economic Corridor (CPEC). Through careful preliminary analysis of the greater Belt and Road Initiative, the China – Pakistan Economic Corridor, and history of Sino-Pak relations, the motivations of the collaborating nations are …

Russia's Northern Rook: Nord Stream 2 On The European Energy Chessboard, David E. Wilson

Independent Study Project (ISP) Collection

The Nord Stream 2 pipeline proposes to connect Germany to the world’s largest natural gas reserves in Russia, allowing the state-owned Russian energy behemoth Gazprom to double its export capacity through the ‘Northern Corridor’ transit route to Europe. This project has been the subject of sharp disapproval from Central and Eastern European countries, as well as the United States, which fear the prospect of increasing dependence on gas imports from a Russia perceived as politically aggressive and unreliable. This paper will identify the geopolitical and geoeconomic implications involved in the construction of Nord Stream 2 by adopting a geostrategic worldview …

Reframing Homelessness In Vermont: A Systemic Approach To Homelessness Policy Advocacy In Windham County Vermont, Scott Sharland

Capstone Collection

The Changeworks Committee of the Groundworks Collaborative was created in 2014 to implement advocacy that would build public support for long-term policy changes addressing the root causes of homelessness in Windham County Vermont. This research focused on the work of this committee, and posed the question: How does reframing homelessness as a systemic issue instead of an individual issue impact the public perception of the problem in Windham County, Vermont? I argue that reframing perceptions of homelessness as the result of systemic failure and not as a problem of individual choice is key to building public support for solutions. Additionally, …

The Case For State-Led Trade Policies In Economic And Human Development, Prahlad Krishnan

Independent Study Project (ISP) Collection

This paper aims to examine the difference in effectiveness on development of least developed countries (LDCs) such as Uganda that opposing trade positions have. Specifically, the paper will look at development state economic policies versus neoliberal policies in both regional and global trade to determine how they both effect development as defined by the Human Development Paradigm and the Neoliberal (Economic) Paradigm.

Research for this paper came from a practicum-based internship with Southern and Eastern Africa Trade Information and Negotiations Institute Uganda (SEATINI). The internship provided guidance for independent research and allowed for participant observation. Information was also gathered through …

Perspectivas Locales Sobre El Litio En El Salar De Uyuni: Niveles De Conocimiento Y Opiniones Regionales Sobre El Proyecto Que Puede Determinar El Futuro Del Litio En El Mundo, Gillian Greenberg

Independent Study Project (ISP) Collection

La combinación del aumento en la urgencia por hacer algo sobre el cambio climático y la popularidad creciente de los vehículos eléctricos sitúan al litio como un material clave en la transición de hidrocarburos en los próximos años. A causa de que la reserva más grande del litio en el mundo está ubicada en el Salar de Uyuni, Bolivia tiene la oportunidad de influir en esta evolución. El proyecto estatal para industrializar el litio en el Salar de Uyuni comenzó en 2008 y continúa trabajando hacia el objetivo de la producción de baterías de litio. Para las comunidades alrededor del …

Leadership And Corruption In Governance: A Case Study Of Liberia, Theresa Okpokwu

Capstone Collection

Writers like Mutasa (2009) and Ebegbulem (2012) argues that Africa is both the poorest continent in the world and one of the richest in terms of natural resources. Consistent with this observation the history of Liberia indicates that corrupt leadership deprives the general population of its fair access to Africa’s rich resources while exacerbating ineffective government bureaucracy and underdevelopment. The bureaucratized central government in turn entrenches corrupt practices which give rise to more serious underdevelopment as well as insurgencies and a possible state failure.

Given this background, this study examines how leadership and corruption in governance affects socioeconomic development. To …

The Impact Of Geopolitical Factors On The Future Economic Integration Of Asean +3, Michael Corrigan

Independent Study Project (ISP) Collection

East and Southeast Asia have benefited greatly from China’s growth and are gaining significantly more economic and political power in comparison to the West. The growing interdependence in this region has led to the continuing economic integration of the ASEAN Plus Three countries. The research paper analyzes the geopolitical factors that impact this integration, such as historical tension, regional security conflicts, social, cultural and economic differences, as well as economic rivalries. In addition, the strategic agendas of the main actors, including the U.S., are analyzed to provide a comprehensive argument concerning the impact these geopolitical factors will have on future …

Policy Recommendations For Alleviating Homelessness In Chittenden County, Vermont, Brittany E. Nevins

Capstone Collection

Chittenden County, Vermont is suffering from increasing homelessness and poverty among both individuals and families. Residents of Chittenden County face an urban rental vacancy rate of less than .5% in Burlington, VT where the majority of jobs are located and only a 3% vacancy in suburban towns. Residents face waiting lists for rental subsidies of up to 8 years, and decreasing access to services for working class populations who are facing rent to income ratios of nearly 70% and utility costs of 30% of their income. The market rent is increasing and the state budget faces deep cuts to services. …

Social Responsibility And Enterprise: A Case Study Of Les Eauxminéralesd’Oulmes Water Company In The Oulmes Region Of Morocco, Kathryn Seibold

Independent Study Project (ISP) Collection

As Morocco continues its development efforts, one of the most visible disparities that remains is the divide between urban and rural development. Oulmes, a small town of under 10,000 people in the Khemisset province, is home to Les EauxMinéralesd’Oulmes, one of the wealthiest corporations in Morocco. While this would initially seem to be a major distinction in terms of opportunity for development, the area’s economy is primarily agriculturally driven, and by most indicators remains relatively poor. Les EauxMineralesd’Oulmes has a history of strained relations with the surrounding community following a 1999 strike of local workers. This project focuses on this …

El Modelo Médico, El Capitalismo Y La Acción Pública: Un Estudio Sobre Discapacidad Y Empleo En La Argentina / The Medical Model, Capitalism And Public Action:A Study Of Disability And Employment In Argentina, Zoe Zakin

Independent Study Project (ISP) Collection

People with disabilities are one of the largest “minority” groups in the world, accounting for approximately 15% of the global population. They are still, however, denied most of their basic rights in countries around the world. While movements have been made around access to education, transportation, and health systems, people with disabilities are still culturally thought of as incapable of being able to work. By being characterized this way, people with disabilities are denied a most basic human right. In Argentina, there has been greater effort in recent years to provide services for people with disabilities, which are a growing …

The Primacy Of Context: An Exploration Into The Causes Of Food Insecurity In Kitere, Kenya., William O. Aludo

Capstone Collection

The purpose of this study was to explore the specific reasons why households in Kitere village, Kenya experience persistent food insecurity every year while the region enjoys the advantage of two planting/harvest seasons in a year. Kitere village lies within the lakeside region of Nyanza Province in Kenya, generally considered to be one of the more agriculturally productive parts of the country. The Participatory Rural Appraisal method was employed to gather qualitative data on the causes of food insecurity in Kitere village. The data sources were focus groups and a self-administered, one-time survey of random and non-random samples of key …

The Trajectory Of Warwick Junction As A Site Of Inclusivity In Post-Apartheid South Africa, Kara Van Schilfgaarde Van Schilfgaarde

Independent Study Project (ISP) Collection

Warwick Junction, a thriving trading hub in the inner city of Durban, has long been considered one of the best examples of collaborative urban management practices between the local government and informal traders. In a post-apartheid South Africa, there was a national desire to transform the old systems of governance, which in Warwick translated to city government institutions making an effort to include informal traders in the policymaking and management processes. This paper tracks the history of Warwick Junction, using its oppressive past to frame common perspectives of informal trade. It considers the legacy of the post-apartheid era South Africa, …

A Web Of Violence: Local Perceptions On The Power Relations Of The Tanzanite Trade Network In Arusha, Ellie Ng

Independent Study Project (ISP) Collection

The global mining industry is a site of contention and conflicts. While the term conflict stone generally refers to minerals that fund war activities, this paper understands conflicts in the broader sense: various forms of violence that perpetuate inequalities, impoverishment and suffering. This study looks at how the tanzanite trade network is organized and what can be done to change the uneven power dynamics maintained by the current political-economic system. I conducted 42 semi-structured interviews with local brokers, dealers and retailers in Arusha during the month of April, 2013. Using the global commodity chain sustainability analysis, I analyzed the perceived …

It Will Be An Ugly Winter (Again) This Year: A Case Study Of The Vermont Community Action Partnership's Perennial Fight For Low-Income Fuel Assistance Programs, Elizabeth H. Bennett

Capstone Collection

Despite the extraordinary need for the vital Low Income Home Energy Assistance Program (LIHEAP), the program has seen major budget cuts as part of the Federal Budget’s Discretionary spending, even as fuel prices rise and incomes fall. The Vermont Community Action Partnership (VCAP – also known as the Vermont CAP Directors) has been the primary advocate for LIHEAP in Vermont. This case study examines VCAP’s measures to advocate for level funding of the LIHEAP program at the federal level, as well as influencing state level decision makers to improve service delivery to Vermont’s eligible low-income households.

This study combines in-depth …

Made In Oman: Promoting Manufacturing And Export In The Sultanate Of Oman, Tyler Philip Eldridge Mcwilliam

Independent Study Project (ISP) Collection

Oman’s manufacturing sector has shown promising growth during the past decades. This paper analyzes the role of the manufacturing and export sector in economic growth and development. Then, after analyzing government policy toward manufacturing in Oman, this paper uses research gathered from companies in Rusayl to determine the biggest problems currently facing manufacturing in Oman and the effectiveness of government policy toward the sector. Problems found included excessive bureaucracy, Omanization, and transport costs. These findings were then presented to the appropriate public institutions, with their reactions documented. Recommendations for change include streamlining government services, expediting the construction of the Gulf …