China purge puts orderly leadership handover in doubt

2017 ◽  
Keyword(s):  
Political Stability ◽  
Xi Jinping ◽  
Content Type ◽  
Investor Confidence ◽  
The Public ◽  
The Core ◽  
Effective Policy ◽  
Party Chief ◽  
Potential Successor ◽  
Party Congress

Subject The purge and replacement of erstwhile presidential contender Sun Zhengcai. Significance Politburo member Sun Zhengcai, once seen as a potential successor to Xi Jinping as president, has been removed from his post as Party chief of Chongqing and placed under investigation. Chen Min'er, a Xi loyalist, replaces him. Impacts The top leadership will probably manage to present a relatively united front to the public ahead of the Party Congress. In the much longer term, the corrosion of collective leadership could reduce political stability, which may damage investor confidence. An administration composed of officials whose thinking matches that of the core leader is less likely to generate effective policy.

Local election wins raise Hungarian opposition hopes

2019 ◽  
Keyword(s):  
Prime Minister ◽  
Political Stability ◽  
Government Support ◽  
Local Elections ◽  
Right Wing ◽  
Content Type ◽  
Investor Confidence ◽  
Domestic Capital ◽  
Election Results ◽  
Municipal Election

Subject Local and municipal election results. Significance The largely united opposition made a major breakthrough in local elections on October 13, taking Budapest and other cities and towns and eroding Prime Minister Viktor Orban's Fidesz party’s predominant position since 2006. A sex scandal plus changes within the opposition have apparently lost Fidesz the middle class, further emphasising the already stark divide between cities and the countryside. Impacts Orban’s weaker position will dent the confidence of the global right-wing populist movement, of which he is a figurehead. Domestic capital associated with the Orban government is at risk as investors price in a potential loss of government support. The decline in political stability may at least momentarily moderate investor confidence in Hungary.

India to avoid social uprising despite conflicts

2016 ◽  
Keyword(s):  
Public Sector ◽  
Rapid Change ◽  
Political Leadership ◽  
Political Stability ◽  
Inclusive Development ◽  
Single Source ◽  
Content Type ◽  
Protest Movements ◽  
The Public ◽  
Public Subsidies

Subject India's democratic consensus. Significance India has been facing a series of popular protest movements challenging its political leadership and the authority of its state. They have caused repeated disruptions to the economy and government in recent years and reflect the way that rapid change in society is challenging the 'democratic consensus' that India has constructed since Independence. Whether these protests will generate momentum and violence significant enough to destroy that consensus is doubtful. Impacts Inclusive development would constitute the greatest single source of political stability. Any serious attempt to remove reservations would trigger disruptive protests, especially as the public sector shrinks. Public subsidies -- a key component of India's democratic consensus -- will be reduced gradually, but probably not eliminated.

Party Congress will set China's course to 2022

2017 ◽  
Keyword(s):  
Foreign Policy ◽  
Communist Party ◽  
Chinese Communist Party ◽  
100Th Anniversary ◽  
Chinese Politics ◽  
Xi Jinping ◽  
Content Type ◽  
Sixth Generation ◽  
The Chinese Communist Party ◽  
Party Congress

Subject China's 19th Communist Party Congress. Significance Preparations are underway for the 19th Congress of the Chinese Communist Party, which is likely to be scheduled for October or November. Much political groundwork has been laid in support of President Xi Jinping and for progress on his vision for China. The Congress will set a direction towards the 100th anniversary in 2021 of the founding of the Party and the handover of power to a sixth generation of leaders shortly after. Impacts Beijing will probably be cautious in its foreign policy during the months running up to the Congress. Consolidating his position at the Congress should increase Xi's ability to press his economically reformist, politically illiberal agenda. Bar any serious reversal, Xi will be in a position to dominate Chinese politics after he retires from formal offices.

Leadership reshuffle will steer China's path

2016 ◽  
Keyword(s):  
Industrial Policy ◽  
Political Power ◽  
Power Sharing ◽  
Xi Jinping ◽  
Major Party ◽  
Standing Committee ◽  
Content Type ◽  
Party Congress

Subject Leadership politics in China. Significance Xi Jinping seems to have monopolised political power, but he must still heed the voices of other major Party factions and Party elders. In October or November next year will come the next five-yearly Party Congress, the most important event on China's political calendar, which will endorse personnel changes in the top leadership. Manoeuvring for positions has already begun. Impacts Xi's proteges are not generally reform-oriented, so if they predominate, this will weigh against economic liberalisation. Promotion of Wang Yang to the Politburo Standing Committee would indicate openness to both power-sharing and reform. Appointment of Zhou Qiang to the Politburo could mean a subtler approach to legal affairs or anti-corruption. Promotion of aerospace expert Zhang Qingwei would place priority on industrial policy.

Xi's legacy hinges on leadership reshuffle

2017 ◽  
Keyword(s):  
Communist Party ◽  
Chinese Communist Party ◽  
The Political ◽  
Corporate Debt ◽  
Xi Jinping ◽  
Content Type ◽  
Quiet Revolution ◽  
One Belt One Road ◽  
Foreign Policies ◽  
Party Congress

Subject The upcoming Chinese Communist Party Congress. Significance President Xi Jinping may be about to upend China’s post-Mao succession arrangements at the 19th Congress of the Chinese Communist Party, scheduled to open on October 18. Xi has engineered a 'quiet revolution' that has introduced new risks into China's domestic and foreign policies. To continue his unfinished revolution and safeguard its legacy, Xi has the incentive and the political momentum to seek a third term as the head of the Party. Impacts Most of Xi's ambitious projects are works in progress, and success is far from certain. Xi’s leadership could be called into question should the economy run into serious problems, related to corporate debt, for instance. Failure of One Belt One Road or a serious breakdown in relations with Washington could cause problems for Xi domestically.

Domestic concerns will drive China’s climate action

2018 ◽  
Keyword(s):  
Climate Change ◽  
Air Pollution ◽  
Clean Energy ◽  
Secretary General ◽  
Xi Jinping ◽  
Content Type ◽  
Climate Change Policies ◽  
International Pressure ◽  
Climate Action ◽  
Party Congress

Subject China's climate change policies. Significance UN Secretary-General Antonio Guterres last month described China as "strongly committed to the leadership in climate action". President Xi Jinping asserted at the 19th Party Congress in October that China is in the “driving seat” when it comes to “international co-operation” on climate change. However, China's action on climate change so far has been driven primarily by domestic concerns rather than international pressure or concerns about the global effects of climate change. Impacts China could come to dominate clean energy industries worldwide, particularly renewables, electric mobility and electrification technologies. Efforts to combat air pollution will further restrict the supply of commodities, particularly steel, coal and aluminium. Anti-pollution efforts will be particularly energetic where they also reduce capacity in energy-intensive sectors with overcapacity.

Morocco’s investment focus may shift

2020 ◽  
Keyword(s):  
Public Private Partnership ◽  
Competitive Advantages ◽  
Bond Issue ◽  
Private Partnership ◽  
Content Type ◽  
Investor Confidence ◽  
The Public ◽  
Policy Responses ◽  
Finance Law ◽  
Economic Forecasts

Significance In July, a revised finance law was issued for 2020, as the impacts of policy responses to the pandemic rendered the original budget assumptions obsolete. Impacts The budget’s revised economic forecasts for 2020 are still likely on the optimistic side, to encourage consumer and investor confidence. A threatened second national lockdown would prove devastating and immediately derail the revised fiscal programme. Public-private partnership plans could take time to get going, but Morocco’s competitive advantages may present appealing opportunities. Rabat this month is expected to announce a further bond issue worth around USD2bn to shore up the public finances. Banks’ liquidity levels may become a source of increasing concern.

COVID-19 will severely damage Maldives tourism sector

2020 ◽  
Keyword(s):  
Energy Security ◽  
Public Health System ◽  
Economic Recession ◽  
Political Stability ◽  
Social Unrest ◽  
Content Type ◽  
The Public ◽  
Tourism Sector ◽  
Resource Poor ◽  
The Government

Subject Impact of COVID-19 on the Maldives tourism sector. Significance The Maldivian government last week stopped issuing arrival visas as it responds to the threat of the COVID-19 pandemic. The Maldives is resource-poor and reliant on foreign exchange generated through tourism for its food and energy security. Impacts The hit to the Maldivian economy will likely be further exacerbated by a global economic recession. A collapse of the public health system would threaten gains in political stability made over the last few years. The government will step up efforts to curb Islamist militant groups, who may try to capitalise on any political and social unrest.

scholarly journals Self-regulation and compliance enforcement practices by the Investment Dealers Association in Canada

2017 ◽  
Vol 25 (1) ◽  
pp. 2-21 ◽  
Author(s):  
Mark Lokanan
Keyword(s):  
Public Interest ◽  
Design Methodology ◽  
Self Regulation ◽  
Best Interests ◽  
Future Research ◽  
Content Type ◽  
The Public ◽  
The Core ◽  
The One ◽  
Time Future

Purpose This paper aims to examine the enforcement practices of the Investment Dealers Association of Canada (IDA) and argue that self-regulation simply does not work in the financial sector, as the sanctions available are neither applied with sufficient severity nor are the responsibilities for enforcement adequately divided between self-regulation, provincial securities commissions and the police. Design/methodology/approach The core compliance data for the study came from the IDA’s tribunal cases that were heard between 1984 and June 2008. The theoretical approach involves the invocation of classic articles by the likes of Stigler, Posner and Becker, the essence of whose conclusions is that institutions will act in their own best interests and cannot be expected to act in the public interest. Findings The findings show that over the period from 1984 to 2008, the severity of the sanctions increased consistently over the period. When penalty ceilings were increased, penalties increased. When in the latter phase of the period, public members (i.e. non-members of the industry) chaired the tribunals, penalties also increased. Research limitations/implications Researchers can use the data to write a paper which asks “Why did the IDA tribunal penalties increase so consistently with time?” Future research could canvass various possible explanations, including the one presented in this paper, to focus sustained attention on the issue of self-regulation. Originality/value This study is the first to systematically examine the enforcement performance of the IDA.

Terrorism weighs down Tunisia's economic recovery

2015 ◽  
Keyword(s):  
Economic Reforms ◽  
Economic Recovery ◽  
Foreign Investor ◽  
Public And Private ◽  
Content Type ◽  
Investor Confidence ◽  
Good Relationship ◽  
The Public ◽  
The Face ◽  
Ruling Party

Significance Achieving this goal will require discipline in keeping increases in public sector wages to their projected levels -- no easy task in the face of still-restless labour at a time of division within the ruling party, Nidaa Tounes. Impacts A good relationship with the IMF could facilitate other lending -- from both the public and private sectors. However, troubles within the ruling coalition could undermine foreign investor confidence. Political divisions could also hinder crucial economic reforms, further delaying recovery.

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