scholarly journals The Waltz's Third Level of Analysis and China's Pursuit of Legitimacy Via the AIIB

2021 ◽  
Vol 10 (2) ◽  
pp. 18-30
Author(s):  
Nuruddin Abdul Aziz
Keyword(s):  
International System ◽  
Investment Bank ◽  
The Third ◽  
The World Bank ◽  
The World ◽  
Added Benefit ◽  
The Relationship ◽  
The International Monetary Fund ◽  
Level Of Analysis ◽  
Development Institution

Since 2016, the Asian Infrastructure and Investment Bank (AIIB) has assisted countries in improving their economic conditions with infrastructure and transport projects. Publicly proposed in 2013 by China's President, Xi Jinping, during his state visit to Indonesia, the AIIB has helped consolidate China's legitimacy as a leading power in Asia and globally. Thus, this paper argues that forming the AIIB was a move to counter the relatively low vote share in the neoliberal's international financial institutions, namely the World Bank, the International Monetary Fund (IMF), and the Japan-led Asian Development Bank (ADB). With the added benefit of leading a development institution, more legitimacy is gained via the international system. Since its establishment, AIIB had significantly increased from 57 founding members in 2016 to 103 in 2020. In examining how this translates into China gaining legitimacy from the international system, this paper examined the case of China's AIIB through the Third Level of Analysis in Kenneth Waltz's Neorealism. In his The State, And War, Waltz argued for the "Levels of Analysis" and convinced the third level analyses a state's legitimacy and goals via the international system's responses and interactions. This paper examined the relationship between China's standing in the eyes of the world and the acceptance of AIIB as a legitimate development institution.

scholarly journals The efficiency of public expenditure and economic growth in the countries of the Western Balkans

2021 ◽  
Vol 16 (1) ◽  
pp. 81-93
Author(s):  
Ljiljana Prole ◽  
Dragana Petković
Keyword(s):  
Economic Growth ◽  
Public Expenditure ◽  
World Economic Forum ◽  
Western Balkans ◽  
Main Research ◽  
The World Bank ◽  
The World ◽  
World Economic ◽  
The Relationship ◽  
The International Monetary Fund

The countries of the Western Balkans are facing a number of challenges. One of the most acute ones, certainly, is improving the efficiency of public expenditure. Having this in mind, the main research objective of the paper is to present the interdependence between public expenditure and economic growth in the Western Balkans. In addition, the analysis is focused on the efficiency of public expenditure in the group of the above-stated countries, as well as the relationship between the size of public expenditure and its efficiency in these countries. Data from the International Monetary Fund, the World Bank and the World Economic Forum were used for the analysis. The results reveal that this interdependence in the countries of the Western Balkans, in addition to different intensity, has a different direction.

RECREATION SPECIALIZATION FOR RUNNERS AND EVENT ATTACHMENT

2020 ◽  
Author(s):  
Isao Okayasu ◽  
Chi-Ok Oh ◽  
Duarte B Morais
Keyword(s):  
Practical Implication ◽  
Event Management ◽  
Attitudes And Behaviors ◽  
The Third ◽  
Study Results ◽  
The World ◽  
Recreation Specialization ◽  
And Behaviors ◽  
The Relationship ◽  
Predictive Relationship

Running is one of the most popular activities in the world. Runners’ attitudes and behaviors vary depending on their running style. This study aims to construct different measures of running specialization based on the theory of specialization. This study also tests a runner’s stage of specialization segmentation based on recreation specialization and examines the predictive relationship between a runner’s specialization and event attachment. Three groups of sampling data assess the performance of diverse specialization measures for running in three marathon events. First, two surveys were conducted with marathon participants to assess the performance of diverse specialization measures for runners. Second, the third dataset was used to examine the relationship between a runner’s recreation specialization and event attachment.The study results showed that the 15 measures of specialization showed a good fit to the data. Our research showed how runners’ recreation specialization is connected to their event attachment. In addition, this study suggested event management for subdivisions of runners. Its practical implication is that recreation specialization for running can help us understand event attachment.

Repercussions of the economic reform policies on the urban poor in Egypt

2009 ◽  
Vol 2 (1) ◽  
pp. 73-89 ◽  
Author(s):  
Ali El-Din Abd El-Badee Al-Qosbi
Keyword(s):  
World Bank ◽  
Economic Reform ◽  
Urban Poor ◽  
International Market ◽  
Urban Society ◽  
Access To Education ◽  
The World Bank ◽  
The World ◽  
The International Monetary Fund ◽  
Consistent Problem

As a result of empirical data gathered through sociological surveys, the author argues persuasively that Egyptian economic reform policies – largely based on structural readjustment and rehabilitation programmes devised by the International Monetary Fund (IMF) and the World Bank – have adversely affected the most seriously impoverished sectors of Egyptian urban society. The paper examines the correlation between theoretical suppositions of predicted adverse effect on this sector and actual repercussions as evidenced in such indicators as healthcare, sanitation, employment and access to education. While poverty has been a consistent problem and while these policies – which were undertaken in the context of increasing integration into the international market – cannot be blamed for its original occurrence, there is persuasive evidence that they have caused measurable harm, compounded existing inequities and increased the marginalization of Egypt's urban poor who appear to have been among the most adversely affected in the population as a result of the various initiatives.

The Deterioration of the Food Situation in the Third World and the Capitalist System

1981 ◽  
Vol 11 (2) ◽  
pp. 247-262
Author(s):  
Ernest Feder
Keyword(s):  
World Bank ◽  
Third World ◽  
Agricultural Development ◽  
Green Revolution ◽  
Capitalist System ◽  
The Third ◽  
The World Bank ◽  
The World ◽  
Staple Foods ◽  
The Third World

Hunger and malnutrition are today associated with the capitalist system. The evidence points to a further deterioration of the food situation in the Third World in the foreseeable future, as a result of massive capital and technology transfers from the rich capitalist countries to the underdeveloped agricultures operated by transnational concerns or private investors, with the active support of development assistance agencies such as the World Bank. Contrary to the superficial predictions of the World Bank, for example, poverty is bound to increase and the purchasing power of the masses must decline. Particular attention must be paid to the supply of staple foods and the proletariat. This is threatened by a variety of factors, attributable to the operation of the capitalist system. Among them are the senseless waste of Third World resources caused by the foreign investors' insatiable thirst for the quick repatriation of super-profits and the increasing orientation of Third World agricultures toward high-value or export crops (which are usually the same), an orientation which is imposed upon them by the industrial countries' agricultural development strategies. Even self-sufficiency programs for more staple foods, such as the ill-reputed Green Revolution, predictably cannot be of long duration.

Regulation and Governance of Market Infrastructure: Global Perspective

2011 ◽  
Author(s):  
Ruben Lee
Keyword(s):  
International Monetary Fund ◽  
Global Perspective ◽  
Regulatory Regime ◽  
Securities Markets ◽  
The World Bank ◽  
The World ◽  
Central Counterparties ◽  
Market Infrastructure ◽  
The International Monetary Fund ◽  
Central Securities Depositories

This chapter examines a unique set of assessments of securities markets and their regulation, from countries around the world, in order to provide a global perspective on policymakers' viewpoints about the regulation and governance of market infrastructure institutions. The assessments were undertaken as part of an initiative called the Financial Sector Assessment Program (FSAP), implemented jointly by the International Monetary Fund and the World Bank. Each assessment evaluates the extent to which a country's securities markets regulatory regime reflects internationally recognized standards. The assessments prepared for the FSAP since its inception in 1999 up until 2006 are analyzed. Together they provide insights on three topics: how exchanges, central counterparties, and central securities depositories are regulated and governed globally; official perceptions on the optimal way of regulating markets and market infrastructure institutions; and the assumptions that are often made when examining the governance and regulation of market infrastructure institutions.

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