Volume 5, Number 1 (2011)
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Item Black Swans, Crisis Economics, and Globalization: A Critical Appraisal(2011-06-29) Illgner, Astrid; Platt, Juhani; Taylor, BrandonThe severity of the recent global financial crisis has sparked intense debate among economists, politicians, and the public regarding the factors that led to the downturn, as well as the future of U.S. fiscal policy. Amidst the debate, general sentiment is echoed in a question from New York Times columnist and author Andrew Ross Sorkin: “could the financial crises have been avoided? That is the $1.1 trillion question3⁄4the price tag of the bailout thus far. The answer to that question is ‘perhaps’.”1 In the search for causes, we are also examining the nature of our economy, the roles financial institutions and government play within it, and hopefully an insight that can shelter us from unforeseen hazards.Item Green International Political Economy: Issues And Policy Concerns(2011-06-29) Gopalan, Sasidaran; Liu, Jeremy; Tefera, Temniteolicy-makers across the global spectrum and in the United States (US) in particular, are grappling with the classic problem of an ‘environment-economy tradeoff.‘ The phenomenal increase in the emission of greenhouse gases has contributed to erratic climate changes. The insatiable appetite for energy due to an exploding global population has also led to a gross mismatch of energy demand-supply dynamics. With the US struggling to recover from the global financial crisis, there is an ever-increasing pressure on the US government to take urgent measures culminating in economic recovery. But any such acceleration could also come at the cost of our environment. So how does government effectively design optimal policies that would simultaneously address both of these problems? This policy brief suggests economically viable and politically feasible policy instruments that the US could consider in order to solve this conundrum.Item Managing Iraq's Water Resources: The Path to Stability and Security(2010-12) Chmela, HolliIraq is in a difficult position as it tries to rebuild after decades of wars and dictatorial rule. As the United States reduces its military presence in Iraq, the Iraqi and U.S. governments, as well as international organizations, are focused on stabilizing the newly formed democracy, establishing security, and rebuilding Iraq’s infrastructure and services. This paper takes the position that effective management of Iraq’s freshwater is the key to achieving the nation's security and political and economic stability.Item Screen image of Volume 5, Number 1 (2011)(2011-06-29)Item The Outcomes of Iranian Civil Unrest Over the Next Four Years(2010-12) Afzal, SolaimanBased on the analysis of open source intelligence (OSINT), the following six outcomes are possible within the next 4 years: 1. The current Iranian regime will agree to compromise with the reformers, leading to the election of a moderate democratic regime that is unfriendly toward the United States. 2. The current regime, unwilling to make concessions to the reformers, crumbles due to a coup d’état or the death of the supreme leader, leading to the election of a moderate democratic regime that is friendly toward the United States. 3. The current regime, unwilling to negotiate with the reformers, crumbles due to a coup d'état or the death of the supreme leader, leading to a take-over by a secular authoritarian regime with low hostility toward the United States. 4. The current regime, unwilling to cooperate with the reformers, crumbles due to a coup d'état or the death of the supreme leader, producing a takeover by Iran's Revolutionary Guard Corps (IRGC) with increased hostility toward the United States. 5. The current regime, unwilling to compromise with the reformers, is able to stay in power through the continued rule of Ali Hossein Khamenei or his son Mojtaba Khamenei, retaining a hostile stance toward the United States. 6. The current regime, unwilling to compromise with the reformers, chooses Ali Ardashir Larijani as its chief, leading to low hostility toward the United States.Item The Washington Consensus(2010-12) Symoniak, Jason D.In 1989, John Williamson outlined a set of desirable economic reforms targeted at developing countries that he deemed broadly supported by policymakers in Washington. Dubbed the “Washington Consensus”, it addressed economic policy instruments perceived by those in Washington to be important to both the growth of developing countries and their ability to secure financial support and investment. Over the course of two decades, these policy instruments have been put to the test. In light of debates, disputes, and domestic and international economic crises, it is time to revisit, revise, and restate the importance of all ten policy instrumentsItem Welcome from Faculty Advisor Dr. Todd M. LaPorte(2010-12) LaPorte, Todd M.Item