Is there a legal path to a desirable policy space for China under WTO law?

Author(s):  
Fengan Jiang
Keyword(s):  
Author(s):  
Justin Buchler

Spatial theory is divided between models of elections and models of roll call voting, neither of which alone can explain congressional polarization. This chapter discusses the history of spatial theory, why it is important to link the two strands of spatial models, and the value of reversing the order of conventional models. Conventional models place an election before policy decisions are made. This chapter proposes a unified spatial model of Congress in which the conventional order is reversed. First, there is a legislative session, then an election in which voters respond retrospectively, not to the locations candidates claim to hold, but to the bundles of roll call votes that incumbents cast to incrementally adopt their locations in the policy space. Such a model is best suited to explaining three puzzles: why do legislators adopt extreme positions, how do they win, and what role do parties play in the process?


Author(s):  
Yilmaz Akyüz

Superior technology and management skills of transnational corporations (TNCs) can bring significant benefits to EDEs. However, they cannot be expected to pass willingly the competencies that bring them competitive advantages or act with a developmental perspective and help build potentially efficient local industries. Their contribution to industrialization and development depends very much on deliberate policies of host countries. Lessons from experience suggest that successful examples are found not among EDEs that attracted more FDI, but among those which used it effectively in the context of national industrial policy. However, the past two decades have seen a rapid erosion of policy space in EDEs as a result of bilateral investment treaties signed with more advanced economies, allowing significant leverage to international investors. There is a strong case for renegotiating or terminating them since they greatly compromise the ability of EDEs to benefit from FDI for industrialization and development.


Author(s):  
Ben Clift

This chapter charts changing character of the economic ideas informing fiscal policymaking in Britain, and Fund responses to them. Drawing on interviews with the Fund’s UK Missions and UK authorities, it shows how, despite the IMF’s prizing of its non-political, scientific image, its differing views of UK policy space and prioritization became the stuff of a contested politics. The central assumption of the coalition government’s construction of fiscal rectitude was that Britain faced a ‘crisis of debt’, yet the IMF did not share this view. Fund work on fiscal multipliers being higher during recessions, and the adverse effects of fiscal consolidation on growth, all had pointed relevance for UK policy. The coalition government saw little potential for activist fiscal policy in support of growth. In 2013 Blanchard accused the UK authorities of ‘playing with fire’ by pursuing excessively harsh austerity which threatened a prolonged and deep recession.


2020 ◽  
Vol 0 (0) ◽  
Author(s):  
Juan Pablo Bohoslavsky ◽  
Kunibert Raffer

AbstractThis piece tackles Barrio Arleo and Lienau’s comments on Sovereign Debt Crises: What Have We Learned? while tries to further develop some ideas and discussions proposed in the book. This piece deals with existing alternatives to overcome debt crises, the link between sovereign policy space and the principle of creditors’ equal treatment, who the target of the book is (and should be), whether “learning is enough”, and the potential policy and legal role of human rights law in debt restructurings.


Author(s):  
Dr Alastair Stark

Institutional amnesia is a serious concern for those who plan for, respond to and recover from humanitarian crises. Yet little effort has been made to understand its effects in disaster management generally and humanitarian agencies specifically. Consequently, we have no idea how to reform in ways which can deal with the issue of memory-loss. This paper addresses these concerns by defining institutional amnesia in conceptual and empirical terms, establishing its causes in the humanitarian policy space, ascertaining its effects within and across disasters and, most importantly, setting out a series of recommendations that can help humanitarian agencies address their own amnesia. The central argument is that institutional memory-loss is robbing individuals, organisations and networks of their lesson-learning gains. This is the single biggest reason why memory-loss must be acknowledged and treated as matter of some urgency.


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