Economics & Global Affairs

12 Items

Goods are stacked in containers destined for global distribution at the harbor in Cape Town, South Africa, June 24, 2016. Stock markets crashed, oil prices tumbled, and the pound fell to a 31-year low as Britain's vote to leave the EU shocked investors.

AP

Journal Article - Europe'sWorld

Reshaping Europe's Africa Policies

| Autumn 2016

"Africa's economic diplomacy will be dramatically shaped by the Continental Free Trade Area (CFTA) negotiations that will conclude in 2017. This builds on the Tripartite Free Trade Area covering 26 countries with 650 million people and a GDP of US$1.5 trillion. The CFTA will comprise a billion people with an initial GDP of $3 trillion. The foundations of the agreement include free trade, infrastructure development and industrialisation. This is a grand opportunity that will shape Africa's relationships with the UK, Europe and the rest of the world."

Ghana has gone through economic stagnation and negligible participation in the global trading system despite its gold mines and cocoa plantations.

EnzoRivos Photo CC

Journal Article - Journal of Policy and Complex Systems

Complexity, Innovation, and Development: Schumpeter Revisited

| Spring 2014

The role of innovation and entrepreneurship is increasingly getting policy attention in emerging countries. A growing body of literature is deriving its inspiration from the work of Joseph Schumpeter. His seminal 1911 book, The Theory of Economic Development, outlined a general framework for understanding the role of innovation and entrepreneurship in economic transformation. Despite Schumpeter's influence on economic policies in industrialized countries, there has been little application of his work in emerging countries.

Gertrude Kitongo poses with her mobile phone in Johannesburg, South Africa. She cherishes a cell phone as a link to family and friends and also sees it as a radio, a library, a mini cinema, a bank teller, etc., Nov. 8, 2011.

AP Photo

Magazine Article - Finance & Development

Africa's New Engine

| December 2011

Cell phone use has grown faster in Africa than in any other region of the world since 2003....Of course, South Africa—the most developed nation—still has the highest penetration, but across Africa, countries have leapfrogged technology, bringing innovation and connectivity even to remote parts of the continent, opening up mobile banking and changing the way business is done.

Journal Article - Quarterly Journal: International Security

The Security Curve and the Structure of International Politics: A Neorealist Synthesis

    Author:
  • Davide Fiammenghi
| Spring 2011

Realist scholars have long debated the question of how much power states need to feel secure. Offensive realists claim that states should constantly seek to increase their power. Defensive realists argue that accumulating too much power can be self-defeating. Proponents of hegemonic stability theory contend that the accumulation of capabilities in one state can exert a stabilizing effect on the system. The three schools describe different points along the power con­tinuum. When a state is weak, accumulating power increases its security. This is approximately the situation described by offensive realists. A state that con­tinues to accumulate capabilities will eventually triggers a balancing reaction that puts its security at risk. This scenario accords with defensive realist as­sumptions. Finally, when the state becomes too powerful to balance, its oppo­nents bandwagon with it, and the state’s security begins to increase again. This is the situation described by hegemonic stability theory. These three stages delineate a modified parabolic relationship between power and secu­rity. As a state moves along the power continuum, its security increases up to a point, then decreases, and finally increases again. This modified parabolic re­lationship allows scholars to synthesize previous realist theories into a single framework.

Journal Article - Quarterly Journal: International Security

Graceful Decline? The Surprising Success of Great Power Retrenchment

| Spring 2011

There is broad scholarly consensus that the relative power of the United States is declining and that this decline will have negative consequences for interna­tional politics. This pessimism is justified by the belief that great powers have few options to deal with acute relative decline. Retrenchment is seen as a haz­ardous policy that demoralizes allies and encourages external predation. Faced with shrinking means, great powers are thought to have few options to stave off decline short of preventive war. Contrary to the conventional wis­dom, however, retrenchment is not a relatively rare and ineffective policy in­strument. A comparison of eighteen cases of acute relative decline since 1870 demonstrates that great powers frequently engage in retrenchment and that re­trenchment is often effective. In addition, we find that prevailing explanations overstate the importance of democracies, bureaucracies, and interest groups in inhibiting retrenchment. In fact, the rate of decline can account for both the ex­tent and form of retrenchment, even over short periods. These arguments have important implications for power transition theories and the rise of China.

Italian Premier Silvio Berlusconi, right sitting, and French President Nicolas Sarkozy, left sitting, sign a nuclear cooperation agreement at a ceremony in Rome's Villa Madama residence, Feb. 24, 2009.

AP Photo

Journal Article - Quarterly Journal: International Security

Spreading Temptation: Proliferation and Peaceful Nuclear Cooperation Agreements

| Summer 2009

Matthew Fuhrmann's article "Spreading Temptation: Proliferation and Peaceful Nuclear Cooperation Agreements," was published by in the Summer 2009 issue of International Security. In his article, Dr. Fuhrmann argues "Peaceful nuclear cooperation—the transfer of nuclear technology, materials, or know-how from one state to another for peaceful purposes—leads to the spread of nuclear weapons. With a renaissance in nuclear power on the horizon, major suppliers, including the United States, should reconsider their willingness to assist other countries in developing peaceful nuclear programs."