scholarly journals On sovereign bonds and marijuana: Comparing supremacy limits in the US and the EU

2021 ◽  
pp. 1023263X2110486
Author(s):  
Mohamed Moussa
Keyword(s):  
Political Factors ◽  
Sovereign Bonds ◽  
American States ◽  
State Legislator ◽  
The Us ◽  
Constitutional System ◽  
The Eu ◽  
Do So

Against the background of the PSPP judgement, the article conducts an under-researched comparison of the German Court's recent judgement with incidents of defiance from American states’ legislatures. Particularly, it highlights the example of marijuana laws in the US where a handful of states managed to legislate de facto governing norms contrary to the federal ones. The article then examines the German Court's last decision on sovereign bonds to compare the underlying factors that facilitates European judicial defiance with those contributing to occasional state legislator resistance in the US. Comparison to the highly centralized US shows that defiance of supremacy cannot be eliminated, but its conducive factors can be controlled to ensure a functioning constitutional system. To do so, attention must be paid to popular, fiscal and political factors, rather than to exclusively legalistic ones.

Remembering France's glory, securing Europe in the age of Trump

2019 ◽  
Vol 5 (1) ◽  
pp. 25-44
Author(s):  
Alexandra Gheciu
Keyword(s):  
International Order ◽  
Western World ◽  
Far Right ◽  
National Leader ◽  
The Core ◽  
Political Forces ◽  
The Us ◽  
French Foreign Policy ◽  
The Eu ◽  
Do So

AbstractThese days, when we hear the slogan ‘let's make our country great again’ we almost automatically assume the state concerned is the US, and the leader uttering the slogan is President Trump. This article invites readers to explore the discourse and practices through which another national leader is seeking to restore his country's ‘greatness’ and promote national and international security. The leader concerned is France's Emmanuel Macron. Why focus on the French president? Because since his election he has become the most dynamic European leader, on a mission to enhance France's international stature, and to do so via a broader process of protecting and empowering the EU. More broadly, France stands out as a country whose political leadership has long been committed to the goal of playing a global role. As Pernille Rieker reminds us, ‘Since 1945, French foreign policy has been dominated by the explicit ambition of restoring the country's greatness [la grandeur de la France], justified in terms of French exceptionalism’.1Macron has cast his vision of national/European greatness, security, and international order in opposition to the isolationist, rigidly nationalist visions articulated by his domestic opponents and, internationally, by President Trump. In his view, France and Europe can only be secure if they defeat the illiberal ideas advocated by the increasingly vocal political forces, particularly far-right movements, seeking to undermine the core values and multilateral principles of the post-1945 international order. Under these circumstances, an analysis of Macron's policies and practices of grandeur can help us gain a better understanding of the competition between liberal and illiberal worldviews – a competition that is increasingly pronounced within the Western world.

Political Conflict and Lesson-Drawing

1991 ◽  
Vol 11 (1) ◽  
pp. 55-78 ◽  
Author(s):  
David Brian Robertson
Keyword(s):  
Public Policy ◽  
Political Conflict ◽  
Plant Closing ◽  
Political Factors ◽  
Political Conflicts ◽  
American States ◽  
Setting Process ◽  
Maintenance Policies ◽  
Lesson Drawing ◽  
Do So

ABSTRACTPolitical adversaries have reason and opportunity to use foreign lessons to gain advantage in political conflicts. Political factors strongly affect the way public policy lessons are drawn and transformed into public policy. Political opponents contest the value, practicality, and transferability of policy initiatives in order to bias the outcome. The paper hypothesizes that (i) the politicization of lesson-drawing induces issue experts to emphasize the descriptive and technical aspects of programs; (2) gives an incentive to advocates of change to use lessons to advance their position during the agenda-setting process; and (3) gives opponents of change an incentive to draw counterbalancing negative lessons from foreign experience when a proposed lesson reaches the point where adoption is entirely possible. The 1988 Congressional debate over mandatory plant closing prenotification provides evidence supporting hypotheses. The paper further hypothesizes: (4) most polities will not adopt both conservative and liberal programs even when theoretically they could do so; and (5) the degree to which a population of polities adopt a particular lesson will be a function of the program's economic and politicial feasibility. The diffusion of labor market and income maintenance policies across the American states supports both of these claims.

Sanctions of the USA and the Policy of Bank of Russia:double Blow to the National Economy

2014 ◽  
pp. 13-29 ◽  
Author(s):  
S. Glazyev
Keyword(s):  
National Security ◽  
Economic Sanctions ◽  
Capital Flight ◽  
Practical Advice ◽  
The Us ◽  
Monetary Authorities ◽  
The Usa ◽  
Simultaneous Adoption ◽  
The Eu

This article examines fundamental questions of monetary policy in the context of challenges to the national security of Russia in connection with the imposition of economic sanctions by the US and the EU. It is proved that the policy of the Russian monetary authorities, particularly the Central Bank, artificially limiting the money supply in the domestic market and pandering to the export of capital, compounds the effects of economic sanctions and plunges the economy into depression. The article presents practical advice on the transition from external to domestic sources of long-term credit with the simultaneous adoption of measures to prevent capital flight.

Russian Policy of Agriculture Support and the Necessity of Its Modification after WTO Accession

2012 ◽  
pp. 132-149 ◽  
Author(s):  
V. Uzun
Keyword(s):  
Comparative Analysis ◽  
World Trade Organization ◽  
Agricultural Production ◽  
World Trade ◽  
The Us ◽  
The World ◽  
Wto Accession ◽  
The Eu ◽  
Agriculture Support

The article deals with the features of the Russian policy of agriculture support in comparison with the EU and the US policies. Comparative analysis is held considering the scales and levels of collective agriculture support, sources of supporting means, levels and mechanisms of support of agricultural production manufacturers, its consumers, agrarian infrastructure establishments, manufacturers and consumers of each of the principal types of agriculture production. The author makes an attempt to estimate the consequences of Russia’s accession to the World Trade Organization based on a hypothesis that this will result in unification of the manufacturers and consumers’ protection levels in Russia with the countries that have long been WTO members.

Isoglucose – How significant is the threat to the EU sugar industry?

2013 ◽  
pp. 770-777
Author(s):  
Yelto Zimmer
Keyword(s):  
Market Share ◽  
Sugar Industry ◽  
Quota System ◽  
Strong Incentive ◽  
Major Market ◽  
The Us ◽  
Sugar Market ◽  
Extreme Scenario ◽  
Competitive Product ◽  
The Eu

The EU is about to abolish the sugar – and the isoglucose – quota system in 2016/17. Isoglucose made from corn occupies about 50% of the US sweetener market while its market share in the EU caloric sweetener market is less than 5%. Against this background, this paper analyses the economics of isoglucose production in Europe in order to understand its competitiveness vis-à-vis sugar. Key results: (1) Isoglucose will become a rather competitive product. The EU sugar industry will have to give up about 40% of its current processing and profit margin in order to sell sugar at the same price as isoglucose will be traded; (2) Once industrial sugar users move to isoglucose, they will tend to be “hooked-in,” giving the sugar industry a strong incentive to defend its market share; and (3) Since only about 30% of the current sugar market is able to switch to isoglucose, the sugar industry has the option to practice a mixed calculation. In an extreme scenario, the industry may even opt to cross-subsidize sales. Therefore it’s not clear whether investors in isoglucose will be able to gain a major market share in Europe.

The crisis of multilateralism and EU–Russia cooperation

2020 ◽  
Vol 22 (1) ◽  
pp. 54-57
Author(s):  
FRANCO BRUNI ◽  
Keyword(s):  
International Relations ◽  
Careful Consideration ◽  
Modern World ◽  
Multiple Methods ◽  
The Us ◽  
Good For ◽  
East West ◽  
The Eu

The article is devoted to problems in relations between the EU and Russia. Multiple methods are considered that are aimed at solving the problem of multilateralism in current conditions. The author selected and studied specific documents on essential aspects that are devoted to this topic. Studying the arising problems requires careful consideration since, in the modern world, cooperation between global actors such as the EU and Russia cannot be ignored. Despite all the challenges faced by the parties in their fields, all difficulties are conquerable, and the article provides specific methods for its solving. The article discusses some aspects and problems that require particular attention from specialists in this field. The author concludes that strong US–EU coalition could seem more coherent with history and with the traditional East–West divide. However, the recent evolution of the US attitude towards international relations weakens the probability of such coalition and its perceived payoffs. A more or less defensive Russia–China coalition has been tried with limited results; moreover, if it were possible and probable, the two western players would change their strategy to prevent it or to contain its depth. In fact, we live in a world where many talks of a serious possibility of G2 governance, a peculiar type of coalition where the US and China keep hostile and nationalistic attitudes but join forces to set the global stage in their favor, pursuing a qualitatively limited but quantitatively rich payoff. In such world, as a counterpart of this payoff, both the divided Europe and the economically much smaller Russia would lose power and suffer several kinds of economic disadvantages. Therefore, Greater Europe would be good for Russia and for the EU as well.

TTIP, CETA, and TiSA Behind Closed Doors

2017 ◽  
Author(s):  
Panagiotis Delimatsis
Keyword(s):  
European Union ◽  
Global Governance ◽  
Early Stage ◽  
European Parliament ◽  
Trade Negotiations ◽  
The European Union ◽  
The Us ◽  
The Eu

Secrecy and informality rather than transparency traditionally reign trade negotiations at the bilateral, regional, and multilateral levels. Yet, transparency ranks among the most basic desiderata in the grammar of global governance and has been regarded as positively related to legitimacy. In the EU’s case, transparent trade diplomacy is quintessential for constitutional—but also for broader political—reasons. First, even if trade matters fall within the EU’s exclusive competence, the EU executive is bound by the Treaty on the Functioning of the European Union (TFEU) to inform the European Parliament, the EU co-legislator, in regular intervals. Second, transparency at an early stage is important to address public reluctance, suspicion, or even opposition regarding a particular trade deal. This chapter chronicles the quest for and turning moments relating to transparency during the EU trade negotiations with Canada (CETA); the US (TTIP), and various WTO members on services (TiSA).

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