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Climate Change Talks: Breakdown in Copenhagen; Next Stop, Mexico 2010 (COP 16) (ARI) ARI 9/2010 (Translated from Spanish) - 9/3/2010 Lara Lázaro-Touza This ARI examines the climate change summit held in Copenhagen from 7-18 December 2009: the preparations for it, how it unfolded, the results and the pending challenges.
Hugo Chávez’s Third Devaluation (ARI) ARI 24/2010 (Translated from Spanish) - 8/3/2010 Ronald Balza Guanipa The devaluation is the consequence of accelerated internal public spending funded through oil revenues. Although spending won Hugo Chávez votes, a significant number of voters may now be feeling the negative effects of devaluation.
Can the Euro Compete with the US Dollar?: The View from the BRICs (ARI) ARI 26/2010 (Translated from Spanish) - 5/3/2010 Miguel Otero Iglesias As things now stand, for the BRIC countries (Brazil, Russia, India and China) the euro poses no threat to the US dollar from a material standpoint. However, as far as ideas are concerned, there has in fact been a change in the status quo of the international monetary system.
Developing India’s Surface Transport Capability: The Case of Road Infrastructure (ARI) ARI 37/2010 - 25/2/2010 Rajeev Anantaram The Government of India is making concerted efforts to reduce transport bottlenecks, particularly on roads. This ARI discusses the new policy initiatives formulated as part of an evolving regulatory regime, particularly those intended to encourage greater private sector participation and foreign direct investment.
The Development of the Power Sector in India: Issues and Prospects (ARI) Rajeev Anantaram ARI 6/2010 - 18/1/2010 The power sector in India is projected to grow rapidly over the next two decades and to be increasingly open to private sector participation, both domestic and foreign.
International Trade and Emerging Protectionism since the Crisis (ARI) ARI 5/2010 - 15/1/2010 Razeen Sally Protectionism has returned, reversing an almost three-decade trend of trade liberalisation.
The Way Forward for the Spanish Economy: More Internationalisation (WP) WP 1/2010 - 15/1/2010 William Chislett The collapse of the construction sector brutally exposed the shortcomings of the lopsided economic model. The economy needs to become more internationalised through exports and direct investment abroad in order to create jobs on a more sustainable basis and employment of a higher quality.
Spain, Water and Climate Change in COP 15 and Beyond: Aligning Mitigation and Adaptation through Innovation (WP) WP 65/2009 - 24/12/2009 Elena Lopez-Gunn The water/energy nexus opens a range of opportunities to align mitigation and adaptation framed by human security, which prioritises human development. In this context, Spain has an opportunity to play a leading role in realising this potential by pursuing a coherent multilevel strategy specifically designed for water and climate variability and change.
The Momentum of Indonesia’s Economic Recovery (ARI) ARI 167/2009 - 15/12/2009 Fajar B. Hirawan It is clear that no single country can be immune from the global recession, including Indonesia. The impact on the latter has distorted some of its economic indicators, especially growth and trade. In line with the efforts made by its government to handle the crisis, Indonesia held elections, both legislative and presidential, in 2009. This ARI looks at the implications of the elections and the prospects for Indonesia’s economy after them.
How Can Spain Benefit from a Climate Deal in Copenhagen? (WP) WP 62/2009 - 11/12/2009 Rolando Fuentes Spain, on its own, is not a key player in the negotiations for the potential successor of the Kyoto Protocol that is expected to be ‘politically agreed’ at the Climate Change Summit in Copenhagen.However, Spain can play an important role in that it will occupy the Presidency of the EU during the first half of 2010. Moreover, Spain could influence the negotiations towards win-win situations for the country.
Will the Euro Ever Replace the US Dollar as the Dominant Global Currency? (WP) WP 54/2009 - 19/10/2009 Guillermo de la Dehesa There are two major handicaps that will make very difficult for the euro to overtake the US dollar as a dominant currency. First, the EA still has a very fragmented banking and capital market, which makes it more difficult to fully exploit economies of scale and of scope and network externalities. The second is that since the EU and the EA are only unions of independent nations and not a federal state, it will be extremely difficult to overtake the US dollar and maintain a dominant international role while the governance of the EU and EA remains unchanged.
The Global Economic Crisis and India: An Analysis (ARI) ARI 129/2009 - 10/9/2009 Pankaj Vashisht and Sriparna Pathak The unfolding global financial crisis comes in various forms and presents many challenges as well as opportunities, even though it is too early to predict any specific outcome. However, the fact remains that the international system and the concept of power as such is undergoing a shift. This has serious implications for the developing world. The financial crisis presents India in particular with several geopolitical implications.
The Blessing of Having the Euro and the Need to Make it Better (WP) WP 41/2009 - 21/7/2009 Charles Wyplosz Something extraordinary has happened during the Global Crisis that started in 2007. Despite acute financial turmoil and massive injections of liquidity, exchange rates in the euro area have not faced the kind of speculative attacks that were the unavoidable feature of every previous crisis. The reason, of course, is that there are no exchange rates.
The Way to a New Deal on Climate Change (WP) WP 40/2009 - 20/7/2009 Mikel González-Ruiz de Eguinon and Antxon Olabe Within a few months, on 7 December 2009, 195 countries will meet in Copenhagen with a common mission: to find a way out of the climate change crisis. The Climate Change Conference –COP15 in United Nations jargon– aims to lay the foundations of a post-Kyoto agreement that provides workable solutions for a problem that threatens ‘to lead to some impacts that could be abrupt and irreversible’ and undermine global security.
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