Iran may abandon austerity to pacify protesters

Significance Beginning in the conservative city of Mashhad, the mostly small-scale and leaderless demonstrations spread across many provincial towns over several days, sometimes turning violent. Following the publication of President Hassan Rouhani’s proposed 2018/19 ‘austerity’ budget, key slogans protested government corruption and neglect of the poor and unemployed -- although the basis of the regime itself also came under fire. Impacts US support for the protesters and announcement of new sanctions will assist Tehran’s efforts to portray recent events as foreign ‘sedition’. Inflation could spike on the back of populist economic policies and exchange rate deterioration as foreign investment prospects recede. The central bank will not implement exchange rate unification plans, since the government profits from the status quo.

Significance The government hopes greater domestic and foreign investment can help turn around the pandemic-hit economy. The governor of Bank Indonesia (BI), the central bank, last week said GDP should grow by 4.6% in 2021, compared with last year’s 2.1% contraction. Impacts Indonesia will count on private vaccination, whereby companies buy state-procured jabs for their staff, to help speed up its roll-out. The Indonesia Investment Authority, a new sovereign wealth fund, will prioritise attracting more investment into the infrastructure sector. Singapore will continue to be Indonesia’s largest source of FDI in the short term.


Subject Importance of social media in the United Arab Emirates. Significance The United Arab Emirates (UAE) is among the most connected countries in the Middle East, with one of the highest rates of social media penetration. Compared with Western countries, UAE consumers are more likely to engage with brands and to be less worried about issues of privacy and tracking. The government engages in extensive monitoring, surveillance and censorship of social media and apps. Impacts Both global brands and local businesses have additional scope to develop social media strategies to capitalise on rising usage. Content with the status quo and tight monitoring will prevent activists from leveraging social media platforms to bring about change. Extraterritorial aspects of the cybercrime law could be applied to non-residents and travellers in transit. Non-renewal of visas could become a more common, low-profile way to exclude expatriates who transgress on social media.


2015 ◽  
Vol 3 (5) ◽  
pp. 171-181
Author(s):  
Upul Abeyrathne

There is a voluminous literature on poverty alleviation efforts of Sri Lanka. The present engagement with discourse on evolving political discourse on poverty alleviation touches a different aspect, i.e. instrumental utility of policy in keeping and maintaining the status quo. The study is based on examination of the content of public policies depending on the major strand of thought associated in different eras since colonial presence in Sri Lanka. It helps to identify the continuities and discontinuities of policy discourse. The discussion on the evolution of public policy on poverty alleviation revealed that issues of the poor has occupied a priority in the political agenda of the government whenever a political movement is active in politicizing the poor. However, the very objective of such policies were not aimed at empowering the poor but keeping them subordinated. The study concludes that poverty remains unresolved due to poverty of politics.


Significance All eight challengers are hand-picked and none has hinted at opposition to the favourite. Turkmenistan's adherence to a nominally democratic process is partly for external consumption and partly to reinforce domestic acceptance of the status quo. At 59, the president is young enough not to need any succession mechanism. Impacts Elite-level challenges to Berdymuhamedov's rule will be dealt with silently and ruthlessly. Constraints on gas export revenues will force the government to make hard fiscal choices. Concerns about security on the Afghan border may force a rapprochement with Russia.


Subject The effect of the sacking of the central bank governor. Significance The Algerian cabinet decided on May 31 to replace the long-serving governor of the central bank, Mohammed Laksaci, with Mohammed Loukal, the CEO of the government-owned Exterior Bank of Algeria. The cabinet did not explain the decision, which was issued in the name of President Abdelaziz Bouteflika, but the governor had come under criticism from political figures because of the sharp depreciation of the Algerian dinar, and the erosion of foreign exchange reserves. Impacts Loukal will come under pressure to ease import controls, while defending the dinar. Given weak external accounts, further depreciation of the dinar on the black market is likely, along with further erosion of reserves. The government will soon need to resort to international borrowing, which will bring fresh scrutiny of its economic policies. The central bank governor sacking is most likely related to the political struggles within the establishment on who will succeed Bouteflika.


Significance Soon after taking office, President Mauricio Macri announced a "rain of new investments" from foreign companies attracted by the business-friendly tone set by his administration. Despite key economic policy measures, such as the removal of foreign exchange controls, the unfreezing of utilities tariffs and the agreement with holdout creditors, there have been no signs of significant medium- or long-term foreign investment inflows, raising doubts over Macri's promise of an economic rebound in the second half. Impacts Expansionary measures will make it harder to achieve fiscal goals, especially as tax collection is rising at rates well below inflation. While the downturn may ease inflation, the temptation to use the exchange rate as a nominal anchor would worsen competitiveness problems. The government faces a difficult dilemma: expansionary measures will help it in mid-term elections, but delay economic stabilisation.


Subject Iran’s elections. Significance Conservatives unsurprisingly won most of the seats in the country’s February 21 parliamentary elections. Public disaffection over the poor economy, failed policies and reformist disqualifications resulted in embarrassingly low voter turnout. This comes as the government is fumbling its response to what appears to be a major outbreak of the Wuhan coronavirus. Impacts Conservatives will look to capitalise on their gains by winning the presidency in 2021 and controlling the Supreme Leader's succession. Populist economic policies and increased economic isolation will likely boost inflation further. The election of 17 women to parliament, the same as in 2016, will do little to increase female empowerment in the current atmosphere.


Significance Indirect negotiations with the United States over a mutual return to the 2015 nuclear deal are facing delays while the transition team of President-elect Ibrahim Raisi moves into place. Meanwhile, questions are mounting over the likely impact on foreign investment, even if most sanctions are lifted. Impacts The government will prioritise efforts to invite investment in sectors where it has inadequate access to technology. The government's reported use of frozen assets as central bank borrowing collateral would limit the fiscal impact of their release. If it remains unblocked, the Clubhouse app could increase popular involvement in economic debate.


Think India ◽  
2019 ◽  
Vol 22 (3) ◽  
pp. 772-779
Author(s):  
T.Vinsela Jeev

During the DMK regime many welfare schemes for implemented for women especially. This schemes for developments for socio and economic activities for women. The poor women, widows, physically challenged were benefited their schemes. The government allotted lot of sewing machines, Free school books, Midday meal schemes, Small scale Industry, Self help groups, Boating supply for fisher mans and many women teachers were appointed in Elementary school, Middle school, High schools. Women’s were appointed in police Department and also so many schemes for the development of socio and economic condition of the poor women people.


foresight ◽  
2019 ◽  
Vol 21 (3) ◽  
pp. 362-376 ◽  
Author(s):  
R.E.A. Ashu ◽  
Dewald Van Niekerk

Purpose The purpose of this paper is to analyze the status quo of disaster risk reduction (DRR) policy and legislation in Cameroon. Design/methodology/approach Using a qualitative method, this paper examines historical data from sectoral administrative reports, plans, declarations, commitments and speeches, texts and peer-reviewed journals on disaster and risk management in Cameroon for the period 1967-2017. Empirical data from ten selected government sectors were used to analyze the status quo, together with quantitative data collected by using four instruments (i.e. HFA Priority 1 & 4, USAID Toolkit, GOAL Resilience Score and the Checklist on Law and DRR). Findings Findings show that Cameroon largely still practices disaster response through the Department of Civil Protection. Transparency and accountability are the sine qua non of the state, but the lack thereof causes improper implementation of DRR within development institutions. DRR is seen as an ad hoc activity, with the result that there is not effective institutional capacity for implementation. The need to develop a new national DRR framework is evident. Originality/value Analyzing the status quo of DRR in Cameroon could assist with the review and reevaluation of a new DRR framework within the Cameroonian territory.


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