Immigration will become an election issue in Chile

Subject The politics of immigration. Significance President Michelle Bachelet’s centre-left administration has announced plans to reform legislation on immigration in a bid to permit a more integrated public-policy approach and better guarantee immigrants’ rights. This follows calls by former President Sebastian Pinera and another possible right-wing contender in the November 2017 presidential election for tighter controls on immigration on the grounds of a relationship with crime. Impacts Immigration from Peru is showing signs of slowing in response to stronger economic growth there. Haitians will pose a new challenge as the first significant immigrant community that is not Spanish-speaking. Immigration is likely to be an important issue in this year’s legislative and presidential elections.

Significance The government initiated the talks with a view to defusing tensions in domestic politics. Opposition parties boycotted the one-sided presidential election in 2014 that brought President Mohamed Ould Abdel Aziz to power for a second time since his 2009 win. Abdel Aziz initially came to power in a coup in 2008, and dominates politics along with his Union for the Republic (UPR) party. Impacts Economic growth will be driven primarily by the mining and petroleum sector. Mining companies may scale back their investment plans further. Economic hardship and discrimination may lead to more protests, but these will be limited.


Subject Political update. Significance Primaries are to be held on January 27 to define candidates for the October presidential elections. In practice, these are largely perfunctory since most contending parties have already selected their slates for president and vice-president. Incumbent President Evo Morales leads in opinion polls, but opposition parties continue to claim that his candidacy is unconstitutional, citing the results of a referendum on presidential term limits held in February 2016. Impacts The opposition can unite around the bid to stop Morales running, but it suffers strong personal rivalries. The plethora of old faces challenging Morales will complicate any efforts to campaign based on calls for fresh politics. Bolivia’s continued strong economic growth will assist Morales. Morales will become increasingly isolated on the wider regional stage, particularly as Venezuela’s crisis deteriorates.


2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Carlos Colón De Armas ◽  
Javier Rodriguez ◽  
Herminio Romero

PurposeThis study examines the influence of the presidential elections on the behaviour of US investors according to the trading activity of two of the most popular investment vehicles: exchange-traded funds and close-ended funds.Design/methodology/approachBased on the fact that investors in these two investment vehicles differ by, at least, two demographic factors that influence investment decisions, age and labour status, inferences are made about the degree of interest and the amount of trading activity that presidential elections provoke.FindingsThe evidence demonstrates that, during the last four US presidential elections, exchange-traded funds' investors trade significantly more than close-ended funds' investors during several event windows centred on the day of an election in which a republican candidate is elected. Close-ended funds' investors are more active during the election of a democratic candidate, although the statistical evidence in that regard is weak. Thus, it appears reasonable to conclude that younger investors who are gainfully employed are induced to trade by a presidential election in which a republican candidate prevails. Apparently, a democratic victory does not provoke the same behaviour.Originality/valueAlthough the relation between politics and economics is not an unexplored topic, it is not clear whether the presidential elections themselves constitute an event that triggers the trading behaviour of investors.


2018 ◽  
Vol 12 (1) ◽  
pp. 2499-2504
Author(s):  
Anwar Ouassini ◽  
Mostafa Amini

One of the enduring narratives of the 2016 presidential election was the nostalgic journey President Trump took the American public on to construct his ‘Islamophobic memory’ surrounding General Pershing’s actions during the American occupation of the Philippines. While the mobilization of memory by political actors is not new in Presidential elections, the mechanism utilized to impose and mobilize pubic memory was. This paper explores how the President Trump’s tweets via the Twitter social media platform transform into ‘mediated sites of contention’ in the nurturance of public nostalgia. As a public ‘site’ that is visited by millions of people -the tweet not only memorializes events of the past but it mobilizes meaning, memory, and the society’s sense of self, which has the ability to redirect and shape public memory. We argue that Trump’s nostalgic colonial folklore via the tweet serves his ideological sentiments and larger political platforms in order to promote a vision of the past to provide his right-wing ideologies and movement supporters currency.


Significance Andre Ventura, leader of the far-right Chega (Enough) party, finished third in Portugal’s presidential election in January with 12% of the vote. Most polls now suggest that it is the third most popular party in Portugal. Chega’s core identity centres around its anti-establishment views, as well as hostility towards minority groups, in particular the Roma community. Impacts Local elections in October will be a stronger barometer of Chega’s appeal in Portugal than the presidential election. If Chega continues to expand its support, Portugal’s other right-wing parties could adopt some of its views and rhetoric. Chega founder Ventura’s association with Benfica football club could damage his appeal in the north, where arch-rival Porto dominates. Like other far-right parties, Chega could transition from advocating neoliberalism to more popular economic positions over time.


Significance Protests have rocked the capital, Conakry, for the past few weeks. Since the country held its first competitive presidential election in 2010, all other polls have been subject to delays. Legislative elections eventually took place in 2013, but were disputed. Local polls last occurred in 2005. The country exists in a climate of deep political mistrust. Impacts Incomplete Ebola data raises the risk that new cases may go undetected, portending sporadic future outbreaks. However, the new US-backed African Centres for Disease Control fund will help international donors to be better prepared. Disruptions to output and investor aversion caused by Ebola are likely to slow economic growth to zero during 2015, but recover thereafter. If opposition parties opt to boycott the poll, further UN mediation may be necessary, possibly with France playing a leading role.


Subject Outlook for the presidential election. Significance The centre-left Workers’ Party (PT) and the centre-right Social Democrats (PSDB) won or finished second in all six presidential elections between 1994 and 2014. During this period, most other parties gravitated around these two. A large block with little ideology -- including the Brazilian Democratic Movement (MDB) -- would ally with whoever was in power. The economic and political crises of recent years seemed to have destroyed the duopoly exerted by the PT and the PSDB, but the coalition-building process ahead of this year’s presidential vote has shown they retain significant leverage. Impacts The next Congress will be highly fragmented. The next president will probably become weak quickly. There will be a narrow window of opportunity to pass meaningful reforms.


Subject Mounting questions over Fed independence. Significance President Donald Trump has again publicly criticised the Federal Reserve (Fed) for raising its benchmark interest rate. In July, he first violated White House protocol, of refraining from commenting on monetary policy. Although the White House press secretary immediately assured the public that the president respected and recognised Fed independence, Trump's criticism escalated in September, after the Fed raised the benchmark rate for a third time this year to 2.0-2.25% and signalled plans for a fourth increase in December. Trump described the Fed as "crazy", "wild" and "ridiculous", and making "a big mistake". Impacts Almost half of Republicans view the FBI poorly after Trump's criticism; confidence in the Fed may also suffer. Trump's attacks on Fed policy are likely to grow as the presidential election draws nearer, particularly if economic growth slows. More than 50% of Hillary Clinton voters but fewer than 33% of Trump voters believe the Fed aids economic stability; the gap may widen.


Subject Romania’s revised 2019 budget. Significance The government has portrayed the first budgetary adjustment for this year, in mid-August, as a positive exercise and a mere correction in the payments schedule, with sums that had been allocated to underspending departments redirected to cover urgent needs elsewhere. According to this account, the adjustment will painlessly ensure full payment of wage and pension commitments which increase from September, while keeping the cash deficit below 2.76% of GDP. But this is based on assumptions of continued high economic growth despite the European and global slowdown, and ignores underlying vulnerabilities in the economy. Impacts As long as the economy grows at a respectable pace, the public will go along with official optimism. The business community is concerned at the prospect of new taxation. Behind the scenes, parties are preparing for a presidential election that may represent a shift in the power balance.


Subject Ivorian pre-poll mobilisation. Significance Recent comments by President Alassane Ouattara on amending the constitution, coupled with contentious electoral reforms, have ramped up fears for the potential for violence in next year’s presidential election. With a little over a year to polling, key political figures, notably former President Laurent Gbagbo (2000-11), former President Henri Konan Bedie (1993-99) and former National Assembly President Guillaume Soro, are exploring varying political alliances to unseat Ouattara’s ruling Rally of the Houphouetists for Democracy and Peace (RHDP). Impacts Strong economic growth prospects will help Ouattara’s presidential bid or that of his anointed successor. Concerns will grow over the potential for renewed military unrest linked to a Soro presidential bid. Controversial former minister Charles Ble Goude, recently acquitted on war crimes charges, could emerge as a spoiler in next year's polls.


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