The Arab Spring and the International Defense Market

2020 ◽  
pp. 1-19
Author(s):  
Jeroen Klomp
Keyword(s):  
Political Violence ◽  
Abnormal Return ◽  
Arab Spring ◽  
Substantial Part ◽  
Dynamic Panel Model ◽  
Panel Model ◽  
Stock Market Return ◽  
The One ◽  
The Arab Spring ◽  
The Impact

Abstract The aim of this study is to analyze the impact of the political violence during the Arab Spring on the stock market return of international defense firms. The direction of this impact is not directly straightforward as the civil unrests influence the expectations of investors in two opposite ways. On the one hand, investors might expect that when the peaceful demonstrations were turned into violent events, the Arab governments involved will start acquiring more military-strategic goods to repress the protests or send a strong signal of power to ensure their stay in office. However, on the other hand, when the popular protests escalated, investors, perhaps, became more concerned about the possible imposition of international military sanctions against the Arab Spring countries to restore peace and protect human rights. The main empirical findings of a dynamic panel model clearly confirm this pattern and point out that when the Arab Spring originated, the abnormal return of international defense stocks starts to rise immediately. However, in the course of time, the concerns of the introduction of arms embargoes become stronger and eventually start to dominate, causing the abnormal return to fall again, while the idiosyncratic risk began to fall due to enhanced diversification. It turns out that firm-specific factors can explain a substantial part of the effect found. For instance, the reaction of investors to the Arab Spring is significantly larger for firms that produce predominantly military goods.

scholarly journals Terrorist campaigns and the growth of the Muslim population: a reply

2021 ◽  
pp. 1-12
Author(s):  
Clara Egger ◽  
Raul Magni-Berton
Keyword(s):  
Political Violence ◽  
Religious Conversion ◽  
Empirical Support ◽  
Terrorist Attacks ◽  
Muslim Population ◽  
Terror Attacks ◽  
Terrorist Groups ◽  
The One ◽  
The Impact ◽  
The Relationship

Abstract A recently published paper in this journal (Choi, 2021) establishes a statistical link between, on the one hand, Islamist terrorist campaigns – including terrorist attacks and online propaganda – and, on the other the growth of the Muslim population. The author explains this result by stating that successful campaigns lead some individuals to convert to Islam. In this commentary, we intend to reply to this article by focusing on the impact of terrorist attacks on religious conversion. We first show that Choi's results suffer from theoretical flaws – a failure to comprehensively unpack the link between violence and conversion – and methodological shortcomings – a focus on all terrorist groups over a period where Islamist attacks were rare. This leads us to replicate Choi's analysis by distinguishing Islamist and non-Islamist terror attacks on a more adequate timeframe. By doing so, we no longer find empirical support for the relationship between terror attacks and the growth of the Muslim population. However, our analyses suggest that such a hypothesis may hold but only in contexts where the level and intensity of political violence are high.

The meta-geography of the Middle East and North Africa in Turkey’s new geopolitical imagination

2013 ◽  
Vol 44 (5-6) ◽  
pp. 431-448 ◽  
Author(s):  
Aylin Güney ◽  
Nazif Mandacı
Keyword(s):  
Middle East ◽  
North Africa ◽  
Arab Spring ◽  
Critical Geopolitics ◽  
Syrian Crisis ◽  
Security Practices ◽  
Before And After ◽  
The Arab Spring ◽  
The Impact ◽  
Geopolitical Imaginations

This article critically analyses Turkish security discourses connected to the meta-geography of the Broader Middle East and North Africa (BMENA) before and after the developments of the Arab Spring. A critical geopolitics approach and critical security theories in international relations provide the theoretical framework, as security discourses are considered to be a product of geopolitical imaginations and codes that, in turn, shape the making of foreign and security policies. First, the article examines the invention of BMENA as a meta-geography within Turkey’s new geopolitical imagination, as well as the new geopolitical codes underlying the new security discourses. Then, the article assesses the impact of the Arab Spring, which led to major changes in Turkey’s newly established geopolitical codes, formulated in the pre-Arab Spring period, and analyses the ruptures and continuities in Turkey’s security discourses in the light of those developments. Finally, the article concludes that the Arab Spring, especially the Syrian crisis, shifted the focus of Turkey’s foreign policy in BMENA from cooperation to conflict. This has led to a resecuritization of Turkey’s geopolitical codes, discourses and security practices in the region, revealing the limitation of Turkey’s current geopolitical imagination.

scholarly journals DEMOGRAPHIC BONUS ANALYSIS AND ECONOMIC GROWTH OF EAST JAVA

2018 ◽  
Vol 2 (1) ◽  
pp. 8-21
Author(s):  
Amirusholihin ◽  
Listiono
Keyword(s):  
Negative Impact ◽  
Positive Impact ◽  
Demographic Variables ◽  
Spatial Inequality ◽  
Solow Model ◽  
Dynamic Panel Model ◽  
Goods And Services ◽  
Panel Model ◽  
Working Age ◽  
The Impact

BKKBN predicts that Indonesia will get demographic bonus in 2020 until 2030. The question is whether the demographic bonus has a positive impact on the economy of East Java or even a negative impact. Based on data from BPS, by 2015 the workingage population in East Java is around 69.4 percent of the total population, while the child and old-age is 30.6 percent. The size of the working-age population is closely related to the amount of labor, which also greatly determines the amount of output on goods and services produced. This paper aims to explain how the impact of demographic bonuses on East Java's regional economy, based on the Solow model extended to include demographic variables. The analysis uses a dynamic panel model by 38 districts in East Java that have demographic bonuses in 2020 with GDP as a reference in determining the growth of economists. From these analyzes it can be seen the impact of demographic bonuses in East Java as an advantage or even create new spatial inequality between regions.

scholarly journals Berber Factor in North Africa: Common Features and Local Peculiarities

2017 ◽  
pp. 42-51
Author(s):  
Yu. Zinin
Keyword(s):  
North Africa ◽  
Arab Spring ◽  
Local Conditions ◽  
Common Features ◽  
Political Processes ◽  
The North ◽  
The Arab Spring ◽  
The Impact

The article considers a place and influence of Berber-speaking communities in each of five countries of the North Africa: Algeria, Morocco, Libya, Mauritania and Tunis.After gaining the independence, demands are growing in all these states to recognize cultural, regional, and sometimes political peculiarities of Berbers.The situation in every country is different due to local conditions and background of interactions of Amazigs (self-designation of Berber) with the Arab speaking majority, as well as their participation in political processes.The author investigates and discuss the impact of the Arab Spring on the rise of self-consciousness, solidarity and consolidation of Amazig minority. It is Berber, often European educated elite which usually expresses and propagates such conceptions and trends.

In the name of the national interests: Foreign policy of Saudi Arabia after the Arab Spring

2022 ◽  
Vol 13 (4) ◽  
pp. 131-161
Author(s):  
G. G. Kosach
Keyword(s):  
United States ◽  
Foreign Policy ◽  
Saudi Arabia ◽  
Arab Spring ◽  
Arab World ◽  
The United States ◽  
Strategic Partnership ◽  
National Interests ◽  
The One ◽  
The Arab Spring

The paper examines the evolution of Saudi Arabia’s foreign policy in the context of wider changes in the Middle East and in the Arab world triggered by the Arab Spring. The author argues that during this decade the Kingdom’s foreign policy has witnessed a fundamental transformation: the very essence of the Saudi foreign policy course has changed signifi cantly as the political es-tablishment has substantially revised its approaches to the country’s role in the region and in the world. Before 2011, Saudi Arabia — the land of the ‘Two Holy Mosques’ — positioned itself as a representative of the international Muslim community and in pursuing its foreign policy relied primarily on the religious authority and fi nancial capabilities. However, according to Saudi Arabia’s leaders, the Arab Spring has plunged the region into chaos and has bolstered the infl uence of various extremist groups and movements, which required a signifi cant adjustment of traditional political approaches. Saudi Arabia, more explicit than ever before, has declared itself as a nation state, as a regional leader possessing its own interests beyond the abstract ‘Muslim Ummah’. However, the author stresses that these new political ambitions do not imply a complete break with the previous practice. For example, the containment of Iran not only remains the cornerstone of Saudi Arabia’s foreign policy, but has become even more severe. The paper shows that it is this opposition to Iran, which is now justifi ed on the basis of protecting the national interests, that predetermines the nature and the specifi c content of contemporary Saudi Arabia’s foreign policy including interaction with the Gulf Cooperation Council (GCC), approaches towards the solution of the Israeli-Palestinian confl ict, combating terrorism, and relations with the United States. In that regard, the transformation of Saudi Arabia’s foreign policy has, on the one hand, opened up new opportunities for strengthening the Kingdom’s interaction with Israel, but, at the same time, has increased tensions within the framework of strategic partnership with the United States. The author concludes that currently Saudi Arabia is facing a challenge of diversifying its foreign policy in order to increase its international profi le and political subjectivity.

Long before the Arab Spring

Women Rising ◽  
2020 ◽  
pp. 149-160
Keyword(s):  
Collective Identity ◽  
Women Activists ◽  
Arab Spring ◽  
Arab World ◽  
Arab Women ◽  
Women's Groups ◽  
Women’S Groups ◽  
The Arab Spring ◽  
The Impact ◽  
Political Marginalization

The Arab Women Solidarity Association United (AWSA United) emerged as an outlet for Arab women in the diaspora to express solidarity and support for women in the Arab world. It pioneered transnational Arab women’s groups that connected Arab women in all six continents. In this chapter, Rita Stephan explores the impact of AWSA United on Arab women activists who, between 1999 and 2011, used cyberfeminism to share their ideological and political marginalization, and how AWSA United helped them foster their collective identity, strengthen their connectivity, and increase their activism.

Martyrdom in North Africa Following the Arab Spring and the Process of Transitional Justice

2017 ◽  
Author(s):  
Thomas DeGeorges
Keyword(s):  
Political Violence ◽  
North Africa ◽  
Transitional Justice ◽  
Arab Spring ◽  
Political Transformation ◽  
Security Forces ◽  
State Security ◽  
Before And After ◽  
The Arab Spring

In Chapter 7, Thomas DeGeorges argues that martyrdom has played an important role in the transitional justice processes both before and after the Arab Spring of Algeria, Tunisia, and Morocco. While martyrdom and transitional justice are not traditionally associated with one another, he makes the case that martyrs involve people who are victims of what may be framed as political violence, whether committed by state security forces or unknown perpetrators. In this context, martyrs may be understood in the frame of victims addressed by transitional justice, but also as icons for social or political transformation. Broadly speaking, claims regarding martyrdom were important in these countries insofar as martyrs were held up as symbols for whom reform must be pursued.

The impact of Jordanian anti-money laundering laws on banks

2016 ◽  
Vol 19 (1) ◽  
pp. 70-78 ◽  
Author(s):  
Ahmad Mohammad Abdalla Abu Olaim ◽  
Aspalella A. Rahman
Keyword(s):  
Money Laundering ◽  
Arab Spring ◽  
Banking Industry ◽  
Primary Source ◽  
Crime Rates ◽  
Content Type ◽  
Terrorist Financing ◽  
The Law ◽  
The Arab Spring ◽  
The Impact

Purpose – The purpose of this paper is to examine the impact of the Jordanian anti-money laundering law and its instructions on the Jordanian banking industry. The anti-money laundering law in Jordan is newly enacted, but there are new developments not covered by the law. For instance, the revolutionary wave known as the Arab Spring surrounding Jordan has increased the crime rates in Jordan, and it has also reduced international coordination and cooperation to encounter money laundering operations. The emergence of new means for money transfer is affecting the efficiency and speed of bank transfers. Subsequently, the impact of the law on Jordanian banks is unknown. Design/methodology/approach – This paper relies on the Jordanian Anti-Money Laundering and Counter Terrorist Financing Law 2007 as a primary source of information. The relevant Jordanian anti-money laundering instructions that have directly been affecting banks include the Jordanian Anti Money Laundering and Counter Terrorist Financing Instructions Number (51) 2010. These instructions were considered the most important legislation for the purpose of this paper. Findings – While the Jordanian anti-money laundering law is based on certain principles, the effectiveness of the law is unknown. The Arab Spring, particularly the Syrian revolution, has negatively increased the crime rates and money laundering activities in Jordan. To make matters worse, the international cooperation and coordination between countries in combating money laundering are not at the required level, and this has encouraged money laundering groups to exploit the situation. Only time will tell whether the banks will be able to cope sufficiently with the increased anti-money laundering obligations. Obviously, it is critical at this stage to establish effective coordination between legislators, regulators and the banking industry to minimize problems encountered by the banks, thereby to ensure effective implementation of the law. Originality/value – This paper provides an examination of the impact of the Jordanian anti-money laundering law that has directly affected banks. It is hoped that this paper would provide some insight into this particular area for academics, practitioners, the legal advisers, banks and policy-makers not only in Jordan but also elsewhere. In view of the international nature of money laundering and banking, there will be significant interest in how the anti-money laundering law affects banks operation in Jordan.

Between Hamas and the PA: An Interview with Islamic Jihad’s Khalid al-Batsh

2013 ◽  
Vol 42 (2) ◽  
pp. 61-70
Author(s):  
Mouin Rabbani
Keyword(s):  
Arab Spring ◽  
Palestinian Authority ◽  
Palestine Liberation Organization ◽  
Senior Official ◽  
The Arab Spring ◽  
The Impact

Khalid al-Batsh, a senior official of Palestinian Islamic Jihad and the Gaza chair of the “Freedom Committee,” established under the Fatah-Hamas reconciliation agreement of May 2011, was interviewed in Cairo by Mouin Rabbani on 11 July 2012. The interview from which the following excerpts were taken covered a range of issues, including the impact of the “Arab Spring” on the Palestinians, the situations in Egypt and Syria, Islamic Jihad’s relations with Fatah and Hamas, and prospects for reform of the Palestinian Authority and the Palestine Liberation Organization. The excerpts below directly concern Islamic Jihad and Palestine. The complete interview in Arabic was published by JPS’s sister journal, Majallat al-Dirasat al-Filastiniyya, no. 93 (Winter 2013), pp. 122–37.

Morocco: An Islamic Globalizing Monarchy within the Elusive Phenomenon of Arab Spring

2015 ◽  
Vol 95 (1-2) ◽  
pp. 145-172
Author(s):  
Francesco Alicino
Keyword(s):  
Arab Spring ◽  
The Other ◽  
Legal Tradition ◽  
African Region ◽  
Post Colonial ◽  
Political Perspective ◽  
Protection Of Human Rights ◽  
History Of ◽  
The One ◽  
The Arab Spring

Far from taking place in a vacuum, in Morocco the 2011 constitutional revision was assessed both from an internal political perspective and within the broader context of what has come to be called the ‘Arab Spring’. In this manner, the 2011 Moroccan Constitution has indeed marked an unprecedented change, declaring the State’s adherence to the protection of human rights, which are strictly related to the Western history of ‘secular constitutionalism’. Yet, in order to better understand the constitutional transition, one has to consider the religious characteristic of Moroccan monarchy which, on the other hand, makes it a prototype of a ‘globalizing monarchy’, especially within the context ofmena(Middle East and Nord African) region.The Moroccan constitutional transition can in fact be seen as a peculiar tool for taking into account endogenous and exogenous factors respectively. On the one hand, it allows us to investigate how an Islamic specific legal tradition interacts with some principles that represent the pillars of constitutional democracies and that, as such, have been universally recognised; at least in the West. On the other, the exceptionalism of ‘Moroccan spring’ lets us to evaluate how these very principles are contextualized in a peculiar context ofmenaregion; by which, for the same reasons, one can draw more general considerations concerning the relationship between the pressing process of globalization and post-colonial Muslim-majority States.

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