Western Europe and the collapse of Bretton Woods

2019 ◽  
Vol 74 (2) ◽  
pp. 282-300
Author(s):  
Michael De Groot
Keyword(s):  
United States ◽  
Western Europe ◽  
Domestic Politics ◽  
The United States ◽  
Rate System ◽  
Bretton Woods ◽  
The Us ◽  
Exchange Rate System ◽  
The 1960S ◽  
The Impact

This article contends that Western Europe played a crucial and overlooked role in the collapse of Bretton Woods. Most scholars highlight the role of the United States, focusing on the impact of US balance of payments deficits, Washington’s inability to manage inflation, the weakness of the US dollar, and American domestic politics. Drawing on archival research in Britain, Germany, the Netherlands, and the United States, this article argues that Western European decisions to float their currencies at various points from 1969 to 1973 undermined the fixed exchange rate system. The British, Dutch, and West Germans opted to float their currencies as a means of protecting against imported inflation or protecting their reserve assets, but each float reinforced speculators’ expectations that governments would break from their fixed parities. The acceleration of financial globalization and the expansion of the Euromarkets in the 1960s made Bretton Woods increasingly difficult to defend.

scholarly journals Populism in Latin America

2019 ◽  
Author(s):  
Kirk Hawkins
Keyword(s):  
United States ◽  
Latin America ◽  
18Th Century ◽  
The United States ◽  
Regional Study ◽  
Late 18Th Century ◽  
The Us ◽  
Foundational Work ◽  
The 1960S ◽  
The Impact

Donald Trump’s victory in the US 2016 presidential election awakened many US scholars to the existence of populism. However, the study of populism is old news for political scientists in Latin America and other regions. Since at least the 1960s, scholars in these regions have dealt with key conceptual, methodological, and theoretical issues in the study of populism, covering instances of populism that have appeared since the inception of liberal, representative democracy in the late 18th century. This wealth of scholarship is an aid to mainstream scholars in the United States and other wealthy democracies as they grapple with the impact of populist forces, providing them with tools for measuring populism and for studying its causes and consequences. However, there are also lessons for scholars in regions that have studied populism much longer. This is especially true for Latin America. Senior Latin Americanists who engage with populism have a tendency to rely on older approaches and methods that have not withstood empirical tests in other regions. Some researchers are unaware that comparative, cross-regional scholarship has arrived at a rough consensus about the nature of populist ideas, and that the cross-regional study of populist discourse has moved beyond the anti-positivist bent of some early work. Thus, this bibliography walks a fine line between highlighting the foundational work of earlier scholars, particularly those studying Latin America, while introducing current Latin Americanists to the work being done outside the region. A concluding section highlights the unique scholarly contributions to the study of populism in the United States, contributions that provide an important touchstone to Latin Americanists, not to mention mainstream scholars in the United States.

Immigrant Integration, Naturalization, and Citizenship

2010 ◽  
Author(s):  
Martin A. Schain
Keyword(s):  
United States ◽  
Western Europe ◽  
The United States ◽  
Immigrant Integration ◽  
The European Union ◽  
Social Scientists ◽  
National Differences ◽  
The 1960S ◽  
The One ◽  
The Impact

The impact of immigration on socioeconomic stability, the challenge of integration, and issues surrounding citizenship has generated the interest of scholars for years. The literature is generally focused on the challenge (rather than the benefits) of immigration for social cohesion, identity, and the well-established rules of citizenship. For social scientists and analysts in Western Europe and the United States, the destabilizing aspects of immigration appear to have largely displaced class as a way of understanding sources of political instability. Scholarly interest in questions of immigrant integration on the one hand and naturalization and citizenship on the other, first emerged in the social sciences in the 1960s. In the United States, integration and citizenship questions have often been explored in the context of race relations. In Europe, the debates on issues of citizenship have been much more influenced by questions of identity and integration. As interest grew in comparison, scholars increasingly turned their attention to national differences that crystallized around national models for integration. However, such models are not always in congruence with aspects of public policy. There are a number of research directions that scholars may consider with respect to immigrant integration, naturalization, and citizenship, such as the relationship between immigrant integration and class analysis, the careful development of theories of policy change, the role of the European Union in the policy process, and the impact of integration and citizenship on the political system.

The United States and the Iranian Nuclear Programme

2018 ◽  
Author(s):  
Steven Hurst
Keyword(s):  
United States ◽  
Decision Making ◽  
Domestic Politics ◽  
The United States ◽  
Nixon Administration ◽  
Comprehensive Plan ◽  
The Us ◽  
Nuclear Issue ◽  
The Relationship

The United States, Iran and the Bomb provides the first comprehensive analysis of the US-Iranian nuclear relationship from its origins through to the signing of the Joint Comprehensive Plan of Action (JCPOA) in 2015. Starting with the Nixon administration in the 1970s, it analyses the policies of successive US administrations toward the Iranian nuclear programme. Emphasizing the centrality of domestic politics to decision-making on both sides, it offers both an explanation of the evolution of the relationship and a critique of successive US administrations' efforts to halt the Iranian nuclear programme, with neither coercive measures nor inducements effectively applied. The book further argues that factional politics inside Iran played a crucial role in Iranian nuclear decision-making and that American policy tended to reinforce the position of Iranian hardliners and undermine that of those who were prepared to compromise on the nuclear issue. In the final chapter it demonstrates how President Obama's alterations to American strategy, accompanied by shifts in Iranian domestic politics, finally brought about the signing of the JCPOA in 2015.

Anne O. Krueger, Constantine Michalopoulos and Vernon W. Ruttan. Aid and Development. Baltimore: The Johns Hopkins University Press. 1989. xiv + 386 pp.Price: U.S. $ 52.00

1991 ◽  
Vol 30 (2) ◽  
pp. 213-217
Author(s):  
Mir Annice Mahmood
Keyword(s):  
United States ◽  
Economic Development ◽  
International Development ◽  
Western Europe ◽  
Development Assistance ◽  
The United States ◽  
Social Infrastructure ◽  
Low Literacy ◽  
The Subject ◽  
The Impact

Foreign aid has been the subject of much examination and research ever since it entered the economic armamentarium approximately 45 years ago. This was the time when the Second World War had successfully ended for the Allies in the defeat of Germany and Japan. However, a new enemy, the Soviet Union, had materialized at the end of the conflict. To counter the threat from the East, the United States undertook the implementation of the Marshal Plan, which was extremely successful in rebuilding and revitalizing a shattered Western Europe. Aid had made its impact. The book under review is by three well-known economists and is the outcome of a study sponsored by the Department of State and the United States Agency for International Development. The major objective of this study was to evaluate the impact of assistance, i.e., aid, on economic development. This evaluation however, was to be based on the existing literature on the subject. The book has five major parts: Part One deals with development thought and development assistance; Part Two looks at the relationship between donors and recipients; Part Three evaluates the use of aid by sector; Part Four presents country case-studies; and Part Five synthesizes the lessons from development assistance. Part One of the book is very informative in that it summarises very concisely the theoretical underpinnings of the aid process. In the beginning, aid was thought to be the answer to underdevelopment which could be achieved by a transfer of capital from the rich to the poor. This approach, however, did not succeed as it was simplistic. Capital transfers were not sufficient in themselves to bring about development, as research in this area came to reveal. The development process is a complicated one, with inputs from all sectors of the economy. Thus, it came to be recognized that factors such as low literacy rates, poor health facilities, and lack of social infrastructure are also responsible for economic backwardness. Part One of the book, therefore, sums up appropriately the various trends in development thought. This is important because the book deals primarily with the issue of the effectiveness of aid as a catalyst to further economic development.

The Impact of Monetary and Fiscal Policies on the Stock Market in the United States (U.S); Evidence from Linear ARDL Framework

2020 ◽  
Vol 11 (1) ◽  
pp. 132-132
Author(s):  
Aref Emamian
Keyword(s):  
United States ◽  
Stock Market ◽  
The United States ◽  
Real Effective Exchange Rate ◽  
Annual Data ◽  
Fiscal Policies ◽  
Long Run ◽  
The Us ◽  
Short Run ◽  
The Impact

This study examines the impact of monetary and fiscal policies on the stock market in the United States (US), were used. By employing the method of Autoregressive Distributed Lags (ARDL) developed by Pesaran et al. (2001). Annual data from the Federal Reserve, World Bank, and International Monetary Fund, from 1986 to 2017 pertaining to the American economy, the results show that both policies play a significant role in the stock market. We find a significant positive effect of real Gross Domestic Product and the interest rate on the US stock market in the long run and significant negative relationship effect of Consumer Price Index (CPI) and broad money on the US stock market both in the short run and long run. On the other hand, this study only could support the significant positive impact of tax revenue and significant negative impact of real effective exchange rate on the US stock market in the short run while in the long run are insignificant. Keywords: ARDL, monetary policy, fiscal policy, stock market, United States

scholarly journals The Convergence of Military Conduct and Policing in Israeli-Controlled Territories

2020 ◽  
Vol 35 (2) ◽  
pp. 1-8
Author(s):  
Nir Gazit ◽  
Keyword(s):  
United States ◽  
Police Officer ◽  
The United States ◽  
Police Brutality ◽  
Media Attention ◽  
Military Forces ◽  
The Us ◽  
The Military ◽  
The Impact

The murder of George Floyd by a police officer in the United States in May 2020 and the subsequent turmoil, as well as the violence against migrants on the US-Mexican border, have drawn major public and media attention to the phenomenon of police brutality (see, e.g., Levin 2020; Misra 2018; Taub 2020), which is often labeled as ‘militarization of police’. At the same time, in recent years military forces have been increasingly involved in policing missions in civilian environments, both domestically (see, e.g., Kanno-Youngs 2020; Schrader 2020; Shinkman 2020) and abroad. The convergence of military conduct and policing raises intriguing questions regarding the impact of these tendencies on the military and the police, as well as on their legitimacy.

scholarly journals Activity of Albanian emigration in the West towards the issue of Kosovo and Metohija (1945-1969)

2021 ◽  
Vol 51 (2) ◽  
pp. 237-255
Author(s):  
Igor Vukadinović
Keyword(s):  
United States ◽  
Western Europe ◽  
The United States ◽  
Second World War ◽  
Communist Regime ◽  
National Committee ◽  
The West ◽  
Health Institutions ◽  
The 1960S ◽  
Second World

After the Second World War, a large number of members of the fascist regime of the Kingdom of Albania found refuge in Italy, Turkey and the countries of Western Europe, where they continued to politically act. The leading political options in exile - Balli Kombetar, Zogists and pro-Italian National Independent Bloc, decided to cooperate with each other, so they have formed the Albanian National Committee in 1946. The turning point for the Albanian extreme emigration in the West is Operation Valuable, by which the United States and Great Britain sought to overthrow the Communist regime of Enver Hoxha in Albania. Although the operation failed, strong ties were forged between US and British intelligence and Albanian nacionalist emigration, which were further intensified in the 1960s. Xhafer Deva, who was dedicated to act on the annexation of Kosovo and Metohija to Albania, immigrated to the United States in 1956 and established cooperation with the CIA. Albanian emigration in the West applied different methods in politics towards Kosovo and Metohija. Some organizations, such as Xhafer Deva's Third Prizren League, have focused on lobbying Western intelligence. The Bali Kombetar Independent, headquatered in Rome, paid particular attention to working with Albanian high school and student youth in Kosovo and Metohija. The Alliance of Kosovo, formed in 1949, was engaged in subtle methods of involving Albanian nationalists in Yugoslav state structures, the League of Communists of Yugoslavia, the Yugoslav People's Army, and educational and health institutions in Kosovo and Metohija. Albanian emigration was also involved in violent demonstrations in Kosovo and Metohija in 1968, and cooperated on this issue with the Communist regime of Enver Hoxha in Albania.

scholarly journals Quebec’s Economic and Commercial Linkages with the United States, 1994–2017

2017 ◽  
Author(s):  
Earl H. Fry
Keyword(s):  
United States ◽  
Trade Agreement ◽  
The United States ◽  
The North ◽  
Nation States ◽  
Wide Range ◽  
The Us ◽  
Us Government ◽  
Big Picture ◽  
The Impact

This article examines the ebb and flow of the Quebec government’s economic and commercial relations with the United States in the period 1994–2017. The topic demonstrates the impact of three major forces on Quebec’s economic and commercial ties with the US: (1) the North American Free Trade Agreement (NAFTA) which became operational in 1994 and was fully implemented over a 15-year period; (2) the onerous security policies put in place by the US government in the decade following the horrific events of 11 September 2001; and (3) changing economic circumstances in the United States ranging from robust growth to the worst recession since the Great Depression of the 1930s. The article also indicates that the Quebec government continues to sponsor a wide range of activities in the United States, often more elaborate and extensive than comparable activities pursued by many nation-states with representation in the US. 1 1 Stéphane Paquin, ‘Quebec-U.S. Relations: The Big Picture’, American Review of Canadian Studies 46, no. 2 (2016): 149–61.

scholarly journals Warlords, the United States, and the state of anarchy in Afghanistan

2021 ◽  
Vol 6 (2) ◽  
Author(s):  
Ahmad Shah Azami
Keyword(s):  
United States ◽  
The United States ◽  
State Building ◽  
The State ◽  
Negative Consequences ◽  
Human Rights Abuses ◽  
Illegal Mining ◽  
The Us ◽  
The Government ◽  
The Impact

As part of its “War on Terror”, the United States (US) provided immense sums of money and advanced equipment to Afghan warlords in order to defeat and dismantle the Taliban and al-Qaeda in Afghanistan. Nearly two decades after the 2001 US-led intervention in Afghanistan that toppled the Taliban regime, the US continues supporting the warlords in various ways. As the intervention was also aimed at establishing a functioning state and reconstruction of the war-torn country, the US needed the support of local warlords to achieve its goals. However, over time, warlords and warlordism became a major challenge to the postTaliban state-building project and in many ways undermined the overall security and the state monopoly on violence. These warlords, who had been mostly expelled and defeated by the Taliban regime, returned under the aegis of the B52 bombers, recaptured parts of the country and reestablished their fiefdoms with US support and resources. They not only resist giving up the power and prestige they have accumulated over the past few years, but also hamper the effort to improve governance and enact necessary reforms in the country. In addition, many of them run their private militias and have been accused of serious human rights abuses as well as drug trafficking, arms smuggling, illegal mining and extortion in the areas under their control or influence. In many ways, they challenge the government authority and have become a major hurdle to the country’s emerging from lawlessness and anarchy. This paper explores the emergence and reemergence of warlords in Afghanistan as well as the evolution of chaos and anarchy in the country, especially after the US-led intervention of late 2001. It also analyzes the impact of the post-9/11 US support to Afghan warlords and its negative consequences for the overall stability and the US-led state-building process in Afghanistan.

The Legacies of the Second Slavery

2019 ◽  
pp. 11-46
Author(s):  
Rafael Marquese
Keyword(s):  
United States ◽  
The United States ◽  
National State ◽  
American Capitalism ◽  
The Us ◽  
The Impact ◽  
Cotton Plantations

Chapter 1 by Rafael Marquese compares the impact of the demise of slavery in the US and Brazil and the transformation of the coffee economies and cotton economies. Marquese connects American Reconstruction with larger global processes to explore the reorganization of the national state and American capitalism that took place in the Era of Globalization (1870–1914). He shows how “Second Slavery,” a concept articulated by Dale Tomich, provides a model for understanding both the integrated trajectory of slavery in Brazil and the United States and the ways the coffee plantationa and economies and the cotton plantations and economies of these nations interacted after emancipation.

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