Turkish gangster’s claims will shake politics further

Significance In a stream of videos posted over four weeks, Peker has accused former and current political figures, some close to President Recep Tayyip Erdogan, of crimes including rape and murder. Silent for weeks, Erdogan has stood by Interior Minister Suleyman Soylu, Peker’s main target, along with former Prime Minister Binali Yildirim. Impacts The scandal may bring down Soylu, once the fuss has abated. The allegations will damage Turkey's reputation abroad as a stable polity. Erdogan’s rule-of-law record suggests elections will not be free and fair and could involve street violence.

Subject Polish/EU frictions. Significance The European Commission has taken the unprecedented step of warning of a "clear risk" of a serious breach of the rule of law in Poland. Many in Brussels and Poland hoped that the appointment of a young prime minister and a major cabinet reshuffle signalled a rapprochement. On early evidence, at least, they may be sorely disappointed. Impacts Poland’s position in the EU will become more constrained as the rule-of-law conflict is exploited in negotiations on unrelated issues. In openly censuring Poland, the EU sees an opportunity to prove its credentials as a bulwark against populism and extremism. If Poland is pushed too far, the EU’s actions may undesirably strengthen anti-EU sentiments in one of its largest member states.


Significance The erosion of the rule of law and systemic corruption have not had a substantial impact on capital attraction. Despite occasional anti-capitalist rhetoric and measures to expel foreign companies in some sectors such as media, banking and energy, the government makes individual deals with multinational firms and tries to accommodate them into a 'new normal' based on loyalty to it. Impacts Prime Minister Viktor Orban’s Fidesz party has a slightly better chance of winning the elections than its main rival. Hungary would adopt a tough position towards China if the united opposition won the election. Germany’s pragmatic and economy-first approach to Hungary will not change following its own September 27 elections.


2015 ◽  
Vol 4 (4) ◽  
pp. 374-393 ◽  
Author(s):  
Jon S.T. Quah

Purpose – Lee Kuan Yew, Singapore’s first prime minister, who governed the country from 1959 to 1990, passed away on 23 March 2015 at the age of 91. The purpose of this paper is to assess his legacy of good governance in Singapore. Design/methodology/approach – The changes in Singapore’s policy context during 1959-2014 are described first before analyzing Lee’s legacy of good governance in Singapore by examining his books and major speeches. Findings – Lee Kuan Yew’s commitment to meritocracy, empowerment of the Corrupt Practices Investigation Bureau to curb corruption effectively, reliance on competitive salaries to attract the “best and brightest” citizens to join the civil service, and maintenance of the rule of law, constitute his legacy of good governance in Singapore. Originality/value – This paper will be useful to policy-makers, scholars and readers who are interested in learning about Lee Kuan Yew’s contribution to good governance in Singapore.


Significance This reflects long-standing dynamics linked to the United Kingdom’s role in facilitating illicit global financial flows. In addition, recent political developments under Prime Minister Boris Johnson’s government have fuelled the perception that UK rule of law standards are declining. Impacts Surging real estate prices and increasing wealth inequality facilitate money laundering. Academic freedom in the United Kingdom is potentially impacted by the increase in private donations to universities. The ruling Conservative Party is particularly vulnerable to charges of corruption, given its reliance on private funding.


Significance Canada’s Liberal Prime Minister Justin Trudeau is preparing to welcome a more predictable and stable partner in Biden than outgoing Republican President Donald Trump. However, Biden is also expected quickly to cancel the Keystone XL pipeline, cutting another lifeline to Canada’s oil industry and creating some strain in Canada-US ties. Impacts Improved Canada-US ties will persist even if Trudeau loses the next federal election to Conservative Erin O’Toole. Canada will re-engage militarily with UN peacekeeping and NATO deployments. Trudeau will encourage Biden to end US prosecution of Meng Wanzhou, allowing Canada to release her; Biden may agree. Canada’s border with the United States will open in stages as COVID-19 recedes. Ottawa will push Biden to end ‘Buy American’ procurement policies, with little success.


Significance The authorities went ahead with the arrest of Nika Melia, leader of the opposition United National Movement (UNM), on February 23 even after the prime minister resigned in protest. Georgian Dream's actions have caused concern in Western capitals that approved its election victory when the opposition cried foul. Impacts The crisis is a setback for the government's stated plan to apply for EU membership in 2024. There is growing talk in the United States about individual sanctions targeting Ivanishvili and his associates. Political turmoil will harm hopes of foreign direct investment and the imminent Anaklia port tender.


Significance As many as a dozen lockdown parties are now alleged to have been held at Downing Street, significantly damaging Johnson’s support among the public and his Conservative Party. His position as party leader and prime minister is gravely threatened. Impacts Johnson’s domestic troubles, coupled with rising economic concerns, increase the chance of an agreement with the EU over Northern Ireland. Disillusionment with Johnson, opposition to net-zero and culture wars open the door for Nigel Farage’s Reform Party to revive its appeal. Rising inflation threatens to undermine consumer confidence and slow the economic recovery over the coming year.


Significance The assassination follows months of political turmoil and rising gang violence and comes just weeks before elections, scheduled for September 26. Interim Prime Minister Claude Joseph, who has taken charge of the country, said yesterday that measures were being taken “to guarantee the continuity of the state and to protect the nation". Impacts Further political assassinations would exacerbate unrest. The Dominican Republic has closed its border, fearing a migrant surge; the situation will bolster public support there for a border wall. The UN Security Council meets today and may authorise emergency action in Haiti; any substantial redeployment, however, would take time.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Uchechukwu Nwoke ◽  
Ibenaku Harford Onoh

Purpose The purpose of this paper is to critically analyse the correlation between the rule of law and the efficient functioning of capital markets. It attempts to examine the Nigerian capital market and how the rule of law can be used to prevent fraud and promote the proper functioning of the market. Design/methodology/approach The paper adopts the doctrinal approach through a critical evaluation of concepts. Using existing literature in the subject area, it evaluates the inter-connectedness between law and the capital market and how the rule of law is an important instrument in capital market development. Findings The paper finds that there have been numerous infractions of the rule of law by capital market actors, leading to stultification in the growth and development of this sector of the Nigerian economy. Originality/value The paper offers a fresh insight into the correlation between the rule of law and capital markets. By critically assessing the inter-connectivity between the two concepts, it extends the body of knowledge in this area by showing how the operations of the Nigerian capital market could be improved through the proper application of the rule of law.


Significance His death was announced a day after the March 6 legislative election results showed the ruling Rally of Houphouetists for Democracy and Peace (RHDP) secured 137 out of 254 contested seats. Bakayoko’s death has opened up a race to succeed President Alassane Ouattara at the end of his third and final term in 2025. Impacts Ouattara will likely hand-pick his successor again and seek to spearhead the RHDP’s 2025 campaign. An emboldened opposition will seek to exploit the government’s failure to stem widening economic inequalities. A new prime minister will struggle to create jobs and alleviate poverty to stem public anger and boost his popularity.


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