Recent academic papers have shown that the Japanese sovereign debt situation is not sustainable. The puzzle is that the bond rate has remained low and stable. Some suggest that the low yield can be explained by domestic residents’ willingness to hold Japanese government bonds (JGBs) despite its low return, and that as long as domestic residents remain home-biased, the JGBs are sustainable. About 95% of JGBs are currently owned by domestic residents.
This is an analysis of the evolution of political actions and legal instruments imposed on indigenous peoples in Brazil since pre-colonization in the fifteenth century. Among the political ideologies that stand out are integrationism and protectionism. Integrationist ideology is seen as a beacon that lights the way and acts in the minds of Indians to constitute an ethnic nation state. However, a permanent recognition of indigenous rights is legitimated in the Federal Constitution of Brazil and in Resolution 169 of the International Labour Organization (recognized by Brazil).
In this article, Oliver Roy argues that in order to grasp what is happening in the Middle East, a number of deep-rooted prejudices must be set aside. First among them is the assumption that democracy presupposes secularization; the democratization movement in the Arab world came precisely after thirty years of what has been called the “return of the sacred,” an obvious process of re-Islamization of everyday life, coupled with the rise of Islamist parties. The second is the idea that a democrat must also, by definition, be a liberal.
In this paper, two sets of emblematic, policy-inflected cases from the past two decades (the 1990s and 2000s)––one involving sustainable development projects and the other, agricultural crop varieties––are analyzed in an effort to document some of the complex processes through which the Brazilian federal government began to establish the “rule of law” over the issues of access to and use of indigenous knowledge and of ways of protecting if from expropriation by outside forces, a process which is far from complete.
South Korea remains a puzzle for political economists. The country has experienced phenomenal economic growth since the 1960s, but its upward trajectory has been repeatedly diverted by serious systemic crises, followed by spectacular recoveries. The recoveries are often the result of vigorous structural reforms that nonetheless retain many of South Korea's traditional economic institutions. How, then, can South Korea suffer from persistent systemic instability and yet prove so resilient? What remains the same and what changes?
The contributors to this volume consider the South Korean economy in its larger political context. Moving beyond the easy dichotomies—equilibrium vs. disequilibrium and stability vs. instability—they describe a complex and surprisingly robust economic and political system. Further, they argue that neither systemic challenges nor political pressures alone determine South Korea's stability and capacity for change. Instead, it is distinct patterns of interaction that shape this system's characteristics, development, and evolution.
Examination copies: Shorenstein APARC books are distributed by the Brookings Institution Press. You can obtain information on obtaining an examination copy at their website.
There is consensus that even while human trafficking is increasingly the subject of international, national and local attention by treaty making bodies, legislatures and law enforcement agencies, the results of these formal mechanisms have been patchy at best and meager at worst. There is less consensus on how to tackle the push/pull dynamics of trafficking, and even less agreement on the best ways to intervene in the deep structural determinants of poverty, patriarchy, and poor or apathetic governance.
This book originated in a conference on "Liberation Technology in Authoritarian Regimes" held at Stanford University in Oct. 2010.
The revolutions sweeping the Middle East provide dramatic evidence of the role that technology plays in mobilizing citizen protest and upending seemingly invulnerable authoritarian regimes. A grainy cell phone video of a Tunisian street vendor’s self-immolation helped spark the massive protests that toppled longtime ruler Zine El Abidine Ben Ali, and Egypt’s "Facebook revolution" forced the ruling regime out of power and into exile.
This report provides one of the first coherent, readable narratives of the Fukushima nuclear disaster—what happened in the first few days. It is based on new sources available in Japanese and National Diet testimonies, and is an objective overview of events as they unfolded, rather than an ideologically positioned effort of advocacy. The report goes on to analyze the institutional and governance aspects of Japan’s nuclear oversight, highlighting the fundamental problems that surfaced during the disaster that stem from deeper structural issues.
Some twelve years after the unveiling of the UN Anti-Trafficking Protocol in 2000, most European countries have sound anti-trafficking legislation. Worldwide, while many countries amend their legislation and policies, they follow practice developed, applied and tested in Western Europe. Some of these practices consider national and international coordination and cooperation for an effective anti-trafficking policy.
Coverage of the Democratic People’s Republic of Korea (DPRK) all too often focuses solely on nuclear proliferation, military parades, and the personality cult around its leaders. As the British ambassador to North Korea, John Everard had the rare experience of living there from 2006, when the DPRK conducted its first nuclear test, to 2008, just before Kim Jong Il’s stroke. While stationed in Pyongyang, Everard’s travels around the DPRK provided him with numerous opportunities to meet and converse with North Koreans.
In an article for Foreign Policy, Karl Eikenberry makes the case for the United States to invigorate its relations with Taiwan and outlines the work needed to make this a reality and stabilize security in the Asia-Pacific region.
This paper looks at past and likely future agricultural growth and rural poverty reduction in the context of the overall Indian economy. The growth of India’s economy has accelerated sharply since the late 1980s, but agriculture has not followed suit. Rural population and especially the labor force are continuing to rise rapidly. Meanwhile, rural-urban migration remains slow, primarily because the urban sector is not generating large numbers of jobs in labor-intensive manufacturing.
The China Greentech Report 2012, released by the China Greentech Initiative (CGTI), is the third annual update of recent developments in the greentech sector in China. CGTI, founded in 2008, has rapidly grown to become the only Chinese-international collaboration platform of 100+ commercial and policy organizations, focused on identifying, developing and promoting green technology solutions in China. The Stanford Program on Regions of Innovation and Entrepreneurship (SPRIE) at the Stanford Graduate School of Business is the supporting organization of the initiative.
Half a century since the adoption of democracy in South Korea, the Korean people's high hopes for popular governance have not been met. There is widespread skepticism about what Korea's implementation of democracy has brought to the nation and whether it will be able to respond effectively in the future to the demands of an evolving society and world. What accounts for the conservative complacency of Korea's democratic system? Why do democratic administrations in Korea seem so incompetent?