Nicaragua pandemic downplaying is a political gamble

Significance Some initiatives have been introduced to help counter the economic and social impacts of the pandemic, but the government’s actions appear to be driven less by the need to address the health crisis than by a desire to shore up political support ahead of elections next year. Impacts Opposition parties are beginning to forge electoral alliances in the hope of benefitting from popular frustration with the government. Trade and investment into Nicaragua will remain minimal, with external firms wary about the potential prevalence of COVID-19. The outcome of the US presidential elections in November will affect the potential for US aid and investment.

Subject Constitutional reform in Singapore. Significance Parliament is expected in August to receive recommendations on electoral and constitutional changes that will affect opposition politics and executive powers. The government raised the initiatives in parliament in January; Prime Minister Lee Hsien Loong said they would be beneficial to Singapore and its government. However, the measures are also likely to benefit the People's Action Party (PAP), which has ruled Singapore since independence in 1965. Impacts Presidential elections are unlikely to become more competitive. Opposition parties would gain parliamentary exposure if the reform recommendations are enacted. Government scrutiny of corporations' activities in the community and local politics will intensify.


Significance Trump’s victory in the US presidential election has created worries in Ottawa that a more protectionist line from Washington could further dampen weak Canadian business investment and export growth. The government of Prime Minister Justin Trudeau has announced additional fiscal measures to stimulate economic growth, strengthen long-term economic competitiveness and provide more inclusive economic opportunities. Impacts Increased US oil and gas production could keep prices low, crimping the benefits of Canadian midstream investments. Backsliding on emissions reductions by Washington could sap political support for activist policies by Ottawa and other jurisdictions. US failure to ratify the Trans-Pacific Partnership would see Canada pursue bilateral arrangements with the Pacific Rim.


Significance The opposition has rejected the results and is preparing legal challenges to Museveni’s victory. Impacts NRM internal cohesion will fray as Museveni becomes a more polarising figure in national politics. The NRM will increasingly try to co-opt opponents to neutralise the growing momentum and collaboration among opposition parties. The government will likely launch developmental efforts to tackle youth unemployment and thus avert unrest.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ahmad Zia Wahdat ◽  
Michael Gunderson

PurposeThe study investigates whether there is an association between climate types and farm risk attitudes of principal operators.Design/methodology/approachThe study exploits temperature variation in the diverse climate types across the US and defines hot- and cold-climate states. Ordered logit and generalized ordered logit models are used to model principal operators' farm risk attitudes, which are measured on a Likert scale. The study uses two datasets. The first dataset is a 2017 survey of US large commercial producers (LCPs). The second dataset provides a Köppen-Geiger climate classification of the US at a spatial resolution of 5 arcmin for a 25-year period (1986–2010).FindingsThe study finds that principal operators in hot-climate states are 4–5% more likely to have a higher willingness to take farm risk compared to principal operators in cold-climate states.Research limitations/implicationsIt is likely that farm risk mitigation decisions differ between hot- and cold-climate states. For instance, the authors show that corn acres' enrollment in federal crop insurance and computers' usage for farm business are pursued more intensely in cold-climate states than in hot-climate states. A differentiation of farm risk attitude by hot- and cold-climate states may help agribusiness, the government and economists in their farm product offerings, farm risk management programs and agricultural finance models, respectively.Originality/valueBased on Köppen-Geiger climate classification, the study introduces hot- and cold-climate concepts to understand the relationship between climate types and principal operators' farm risk attitudes.


Significance Puerto Rico is facing a severe fiscal crunch; its general obligation bonds are rated junk status and the government has said that a 2.9 billion dollar bond issuance -- at risk because of the congressional vote -- is required to prevent a shutdown in the next three months. Impacts There is little-to-no prospect of Puerto Rican statehood while Republicans control the US Congress. Puerto Rico would gain five representatives and two senators, likely to vote Democratic. However, this may encourage some Republicans to back federal intervention on debt, to ward off calls for statehood.


Subject US relations with North and South Korea under the incoming Trump administration. Significance The period of transition to Donald Trump's presidency in the United States has displayed neglect and misunderstanding of Korean peninsula affairs, adding to risks for the region as it approaches a period of significant strategic challenge. Impacts Until Trump's team enunciates policy on the Koreas, responses to events will be unprepared and reactive. Trump's policy will influence presidential elections in South Korea, where left-of-centre candidates question the value of the US alliance. The Trump administration’s policy and communication via Twitter heightens risk of misunderstanding within the region.


Significance The ECJ ruling could add to potential disruptions to transatlantic commercial data flows arising from the EU's developing data protection regime that a study for the US Chamber of Commerce valued at 0.8-1.3% of EU GDP. The ruling weakens the United States in negotiations over the new EU regime, as well as over the Transatlantic Trade and Investment Partnership (TTIP). Impacts The ruling may bolster development of EU-based cloud facilities as EU users seek to avoid the risks of US-based data storage. This could reduce US firms' estimated 76% share of the EU cloud market. It would also lead to further fragmentation of the internet as a global resource.


Significance Seven years after the government of President Rafael Correa signalled its intention to make mining one of the key pillars of its economic and political programme, the sector remains underdeveloped. Nonetheless, activity in the sector has increased, suggesting that changes the government has introduced in the last few years have started to take effect. Impacts The balance of political power in the next government is likely to remain broadly favourable for mining companies. Nevertheless, local politics and opposition will slow development and could even prevent it. The government will focus on 'responsible mining' in an effort to create broad-based political support for sectoral development. The government's links with financial institutions and its free trade deal with the EU will reassure mining firms of their investments.


Subject Mexican development banks. Significance Mexican foreign trade financing bank Banco de Comercio Exterior de Mexico (Bancomext) has signed several cooperation agreements this year in Asia and Europe, in an effort to diversify trade and investment relationships. The push comes amid great uncertainty in the global economy and increased tensions in the US-Mexico relationship since the election of US President Donald Trump. Impacts Bancomext's efforts to increase export opportunities will especially benefit smaller Mexican firms. Foreign financial institutions will welcome opportunities to strengthen access to Latin America’s second-largest economy. Strong loan growth by development banks will not threaten commercial banks as the two sectors work together.


Significance On January 23, Venezuela’s National Constituent Assembly (ANC) called for presidential elections to be brought forward to before April 30. The move has exacerbated an already fraught political situation and undermined dialogue between the government and opposition parties. Impacts US Secretary of State Rex Tillerson will visit Mexico, Argentina, Colombia, Peru and Jamaica from February 1; Venezuela is a key issue. Oil sanctions would have a catastrophic effect on ordinary Venezuelans; Latin American countries are unlikely to come on board. US President Donald Trump’s State of the Union speech today will be scrutinised for what he says (or does not say) about Venezuela.


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