东北亚区域分工协作的走向——日本产业结构调整意图评析

中国经济高速增长 ,使东北亚日益成为世界关注的焦点 ,作为发达国家的日本 ,其经济和产业结构调整必然会对该地区的分工协作的发展产生重要影响。 1997年东南亚金融危机过后 ,除日本以外 ,东北亚各国和地区受贸易和投资的牵引 ,经济获得了较快的恢复和发展 ,贸易与投资格局也发生了变化。东北亚各国和地区具备开展分工协作的坚实基础 ,但同时也面临着诸多困难和障碍。作为东北亚惟一的发达国家日本 ,也正在积极推进产业结构调整 ,力争在今后本地区的分工协作中掌握主导权 ,但发展的现实和趋势说明 ,日本的这一企图是徒劳的     

Sovereign Debt Crisis in Euroland: Root Causes and Implications for European Integration

This article considers the likely impact of the global crisis on the prospects for the European project. First, it considers the nature of the current crisis. It argues that it is comparable, in terms of its deep structural character, to the one in the 1930s. The crisis manifested itself first in the financial sector, but was caused by underlying problems of overaccumulation, which explains the succession of speculative booms and busts from the 1980s onward. The article then analyses how the financial crisis transmuted into the current sovereign debt crisis in Europe. It identifies a number of interdependent factors responsible for this: the bailouts of banks following the credit crisis; the stimulus programmes necessitated by the danger of a deep economic recession; the structural problems of the European Monetary Union leading to the accumulation of debt in the peripheral members; and finally the catalytic action of speculation in the financial markets. Finally, the article discusses responses to the debt crisis, outlining the contours of two alternatives (muddling through and Europeanisation), their implications, and some of the conditions for success. The conclusion is rather pessimistic: chances that an effective, timely and sustainable solution will be realised do not seem high.     

社会发展遭遇阻力 社会政策面临挑战

一 社会形势的两个基本特点 (一)社会指标延续改善态势,但幅度减缓 2008年,拉美和加勒比地区(以下简称拉美)经济继续保持中速增长,但国内生产总值和人均国内生产总值的增幅均低于2007年,是2003年以来表现最差的一年.     

政治:稳定因素有所增长 新的挑战不断出现

2008年拉美地区有利于稳定的因素增多,政治稳定的局面进一步巩固,但政治动荡的风险依然存在;竞争性政党制度有所发展,两党或多党竞争趋势进一步加强;左翼政府进一步稳固,但面临的困难和挑战明显增多;不断加剧的世界金融危机加大了政府的执政难度,增加了拉美国家的政治社会风险.基本稳定的趋势在2009年可以继续保持,但一些问题值得关注.     

国际关系格局的调整与拉美对外关系的变化

随着全球化深入发展、新兴发展中大国崛起以及伊拉克战争和金融危机对美国霸权的冲击,当前国际关系格局正发生深刻的变化.     

经济:波动明显 增速放缓

2008年拉美和加勒比经济继续保持中速增长,但其增速明显放缓,主要经济指标和影响其经济增长的外部环境都出现了重要变化,标志着从2003年开始并持续至今的拉美历史上经济增长最好的周期之一已经结束.     

The paradox of integration? European democracy and the debt crisis

Europe is facing both a political crisis of democracy and legitimacy and an economic crisis of debt and competitiveness. These crises seem to point in two distinct directions, growing social unrest over the Europeanized mechanisms of economic adjustment, and increasing efforts at strengthening those same institutions that regulate the adjustment process. Recent analyses have suggested that this failure of democracy will prove decisive; legitimacy for crisis management efforts requires a redemocratization of the European polity. Instead, drawing on an analysis of ordo- and neo-liberal traditions, the article explains how European integration was itself a response to the perceived threat of democratic demands at the domestic level. The body of the article then traces the crisis through three phases, arguing that efforts by state managers reflect a deliberate attempt to depoliticize policy-making processes. Yet the selective intervention—to restore accumulation whilst withdrawing social spending—has only fuelled the politicization of segments of European society. This threatens to test the limits of depoliticization as a governing strategy.     

在变与不变中前行——-2011年拉美和加勒比形势回顾与展望

2011年拉美和加勒比地区形势保持相对平稳,其基本发展趋势没有改变.政治形势在稳定中有变化,选民更加务实,民生主导政治将成趋势,顺应民心的调整将成为常态,在变与不变中保持平衡成为拉美政治稳定的挑战.2012年墨西哥和委内瑞拉大选将对地区政治产生重要影响.拉美经济持续增长,宏观经济继续保持稳定,“反周期”政策作用明显.未来,拉美经济仍面临通胀和结构性调整的压力,欧债危机对拉美实体经济的影响不容忽视,世界经济低速常态化将会带来新挑战,个别国家和地区经济内在矛盾有可能激化.社会形势喜忧参半,就业和收入有所改善,极端贫困人口增加,毒品、有组织犯罪和暴力问题依然突出,部分国家印第安人自身利益与政府开发资源、发展经济的矛盾将有可能成为新的社会问题.对外关系基本格局未变,新的变化正在出现,区域合作分层化和自贸区板块化的趋势显现,地区主义出现不同选项,对外关系面临新的调整.     

论全球金融危机下的中美经济关系失衡及其调整

20世纪90年代以来,中美经济关系日益紧密;但与此同时,两国贸易关系与投资关系失衡也不断加剧。全球金融危机的爆发对中美贸易关系失衡与投资关系失衡产生了不同的影响,并导致二者的调整路径明显分化。在后危机时代,美联储的宽松货币政策及退出时机、中美两国的经济结构调整、现行国际货币体系的改革以及人民币国际化进程的加速都将影响中美经济关系失衡的调整。从长期来看,中美投资关系失衡的调整将慢于贸易关系失衡的调整,但二者最终都将向均衡水平回归。     

The Asian economic crisis and bureaucratic development: a veto player analysis

The Asian economic crisis ravaged numerous economies in thelate 1990s. Significant social and political disruption followedthe fall in Asian currency prices. The newly industrializedstates of Asia were particularly hard hit, yet some also experiencedswift turnarounds, reaching pre-crisis currency rates and economicoutput. The enduring puzzle of the crisis is the role of bureaucratic-businessties as a background cause of the crisis and determinant ofgovernmental policy responses. In this paper, we adapt Tsebelis'veto player model to include bureaucracy as a formal actor inthe adjustment process. We argue that states that minimizedthe control of developmental bureaucracies over finance anddirect managerial decision-making weakened the institutionalcapacity of bureaucrats to veto adjustment policies, both beforeand after the 1997 crisis. Moreover, we find that a traditionof strategic regulatory guidance is associated with favorableeconomic performance, provided that bureaucrats had subjectedprivate firms or state-owned enterprises to competition (oreven business failure) historically, and where the risks associatedwith financial decisions were not socialized by the state.     

A. Lentin,The Last Political Law Lord: Lord Sumner (1859–1934)

ABSTRACT

Non-governmental organisations [NGOs] sought to expand American conceptions of human rights and contributed to shaping the American debate over Nicaragua policy in the 1980s. Progressive NGOs interpreted human rights to include political and civil liberties along with social and economic ones, an interpretation similar to that of the Nicaraguan government and embodied in Nicaraguan democracy. The Ronald Reagan Administration interpreted human rights narrowly to include only political and civil ones whilst recognising electoral politics as the essential ingredient of democracy. The Administration also considered the defeat of communism as its highest priority. Calling the Sandinistas, which controlled the Nicaraguan government after July 1979, both communist and allies of the Soviets and Cubans, Reagan’s anti-communism led him to support a counterrevolutionary force in Nicaragua—the Contras. NGOs and members of Congress regularly accused the Contras of human rights abuse; and NGOs used a lexicon of human rights to oppose Reagan’s Nicaragua policy and challenge the Cold War construct.     

后金融危机时代的全球地缘政治变局与中国的机遇

源于美国次贷危机的全球金融危机对世界格局产生了深远影响,国际体系正经历着冷战结束以来最大的地缘政治变动。后危机时代,国际体系将发生一系列深刻变化:新兴大国群体崛起,传统大国趋向衰落,国际战略力量分化重组,多极化发展到一个新的阶段;中美力量对比发生此消彼长的重大变化,中美关系将成为今后一个时期全球最重要的双边关系;大国关系趋向缓和,全球和地区地缘对抗色彩淡化;国际秩序酝酿结构性调整,中国面临历史性机遇。     

Electoral competition and democratic decline in Nicaragua: uncovering an electorally viable platform for the right

Between the 1980s and 2006 Nicaragua was a competitive democracy where parties of the left and right won national presidential elections and relinquished power when their terms ended. More recently the quality of Nicaragua’s democracy has deteriorated. This change is due partly to autocratic behaviour by the elected leftist president, Daniel Ortega. But democratic decline is also the result of factional divisions and vague, outmoded policy commitments on the right that have crippled its electoral competitiveness, enabling Ortega’s behaviour. Utilizing an experimental research design, this article identifies two modernized policy platforms that could significantly broaden rightist electoral support in presidential campaigns, aiding democratic resurgence in Nicaragua. At a point when opposition parties are struggling to retain strength and coherence in many other democracies, the study presents a research strategy that could help clarify the ways such parties might reinvigorate their electoral competitiveness.     

The Socioeconomic Impacts of Structural Adjustment

The 1980s were painful years of structural adjustment during which many developing countries abandoned statist economic models in favor of market-oriented paradigms. The proponents of structural adjustment, including international lending agencies such as the IMF and World Bank, argued that reforms were necessary to restore growth and curtail inflation. The opponents of adjustment claimed its macroeconomic results were not a foregone conclusion and, regardless of them, such changes would drastically affect the already precarious position of the poor. We use data from sixteen Latin American cases to examine the socioeconomic impacts of structural adjustment. Adjustment was weakly associated with growth, and reform did seem to reduce inflation. Counterintuitively, the extent of structural adjustment appears to be negatively associated with both poverty and inequality. Finally, empirical data show that low levels of growth or even mere economic stability are the best remedy for poverty and inequality.     

EU Development Predicaments

The massive debt of the EU member countries,the short sales of Wall Street,and intensifying media hype have resulted in the continued spread of the European sovereign debt crisis,a crisis that in fact ...     

国际金融危机下东盟四国的银行业研究

2007年爆发的美国次贷危机早已转变为席卷全球的国际金融危机。由于东盟四国的银行业正处在改革与调整时期,其银行业发展轨迹明显不同于其他国家和地区。东盟四国银行业系统的基本面良好,甚至在危机期间还逆势而行,主要得益于东盟四国在1997年东亚金融危机爆发之后所采取的一系列有效的改革措施及此次金融危机东盟四国政府所采取的积极应对举措。     

Mortgage lending,banking crises,and financial stability in Asia and Europe

Our paper investigates the relationship between financial stability and mortgage lending. We estimated the effect of the share of mortgage lending by individual banks (together with some control variables) on two measures of financial stability—the bank Z-score and the non-performing loan ratio—for a sample of 1889 banks in 65 advanced and emerging economies for the period 1987–2014 from the Bankscope database. We specifically compared the behavior of banks in Europe and Asia. We find evidence that an increased share of mortgage lending is positive for financial stability, specifically by lowering the probability of default by financial institutions and reducing the non-performing loan ratio, at least in non-crisis periods, for levels of mortgage shares up to 49–68%. For higher levels of mortgage lending shares, the impact on financial stability turns negative. Also, the occurrence of a banking crisis reduces the diversification benefits associated with mortgage lending. Compared with the base sample, Asian banks show greater financial stability during non-crisis periods, but are more negatively affected by a higher mortgage ratio during crisis periods, while European banks show greater financial stability during non-crisis periods, but are less negatively affected during crisis periods. Finally, a higher level of regulatory quality improves both financial stability measures, but the effects of macroprudential measures are found to be mixed.     

The EU’s response to the global financial crisis and sovereign debt crisis

Since the sovereign crisis erupted in the autumn of 2009 when the true scale of the Greek fiscal deficit was revealed, the European Union (EU), and especially the euro area, has staggered from crisis to crisis. Major initiatives have, however, been taken to improve economic governance and to put in place a more resilient framework for the euro. This article assesses how the EU has responded to the crisis and offers explanations for why the reform process has been slow and indecisive. It shows that potentially enduring solutions are on the table, but that they have been hard to introduce because of differing national perspectives and disagreements about how the burdens of adjustment should be shared. The article concludes by setting out plausible options and explaining what they entail.     

Running with the Hare,Hunting with the Hounds: The Special Relationship,Reagan's Cold War and the Falklands Conflict

This article reconsiders the negotiations between the United States and Britain at the outbreak of the 1982 Falklands War. The Reagan Administration did not support Britain, its staunchest NATO ally, and on the contrary assumed an even-handed position that recognised Argentina as a key ally as much as Britain. Not only did American mediation fail; it also caused a major crisis in Anglo-American relations. The underlying reason for the American decision was the obsessive importance that the Administration attached to fighting communism in Latin America after establishing covert co-operation with the Argentinian military junta in 1981.     

2010年国际战略与安全形势回顾

2010年，金融经济危机效应在政治、经济和社会多方面进一步发酵，推动世界大发展、大变革、大调整深化，逐步迈入“后危机时代”。“中国因素”愈加突出，和平发展的战略环境更加敏感复杂。