GIS Dossier: Argentina digs itself out of a hole
Nearly 20 years after its historic default, Argentina is still trying to climb back to economic equilibrium. Years of corruption and mismanagement frittered away profits from natural resource exports, while a “gradualist” approach to reform still ended in Latin America’s largest-ever bailout from the IMF. This GIS Dossier reviews our predictions and analysis for one of South America’s largest countries, trying to regain economic stability and influence on the international scene.
GIS Dossier: Corruption and political transformation
Graft has long been a feature of political systems where rewarding loyalty takes precedence over economic efficiency or the rule of law. But recent events in Latin America show that popular anger at corruption has become a force to be reckoned with – fueled by the power of global markets, the information revolution, and democratization movements. This report assesses the geopolitical implications.
A new wave of unrest in North Africa
Street demonstrations have forced Algeria’s president to resign and Sudan’s to declare a year-long state of emergency. In both countries, these popular revolts are challenging entrenched regimes that successfully weathered the Arab Spring protests of 2011. Can this unexpected coda to the revolutions that opened an unhappy decade in the Middle East and North Africa lead to better results?
The Gambia’s critical moment
Two years ago, The Gambia managed to oust a dictator through a democratic election. It has opened up politically and economically, but the benefits are dribbling in slowly. Now its president, Adama Barrow, must decide whether to honor an agreement to stay in power for only three years or to serve out his constitutionally guaranteed term of five years. Both options pose risks for this West African state just getting back on its feet.
Opinion: Property rights and the challenges of transplanting institutions
Since the time of Adam Smith, economists have understood that the wealth or poverty of nations hinge on the quality of their institutions. Political, economic and social rules of the game can be inclusive, offering opportunities for prosperity to all, or extractive, protecting the rents of a few. But the international effort to introduce one such rule – formal property rights – shows that even simple changes can have complex and unwelcome effects in alien cultural settings.
2019 Global Outlook: India turns inward
Ahead of parliamentary elections this spring, Prime Minister Narendra Modi has reinvented himself. Putting aside earlier economic reforms, his talk is mostly about social welfare. While the Indian leader focuses on wooing small-town voters, his government has put most foreign policy initiatives on hold. Whether Mr. Modi’s ruling BJP wins or loses, India may be due for a period of weaker government.
Vocational lessons from Germany and France
Germany is praised as a model of vocational training, with youth unemployment of just over 6 percent. France, where 22 percent of young people don’t have jobs, has long known that its own vocational education system needs fixing. A comparison of how these two great European economies prepare pupils to become future employees may provide a useful guide for other countries.
Ukraine’s revolution nears a test
This may have been independent Ukraine’s last calm summer for a while. There will soon be a reckoning with what succeeded and what did not after the revolution of 2013-2014, during which the eyes of the world were on Kiev. Ukrainians will elect a president early next year, with parliamentary elections to follow in the fall. There are plentiful indications that their verdict on the post-Maidan political elites will be harsh.
GIS Dossier: Europe as a global player – the Middle East and North Africa
Europe’s influence as a great power is nowhere more apparent than in the attraction it exerts on the poorer countries to its south – in the Middle East and Northern Africa. This is the region where European Union member states, often without U.S. support, have deployed their full foreign-policy arsenal, from diplomacy and military intervention to financial aid and investment, with mixed success. Yet as migration and terror show, problems the EU fails to address “out there” tend to wind up on its doorstep.