The Italian G7 (26–27 May) takes place during momentous times for international politics. Many Heads of State and Government meeting in Taormina are new to the forum, and some of them hold radically different views. On top of that, France and the United Kingdom are in the midst of their national electoral campaigns, while Germany goes to the polls in September. Italy has approached its 2017 Presidency with realistic goals and by keeping a cool head.
The G7 summit, being held today and tomorrow in the splendid setting of Taormina, Sicily, boasts particular significance amidst the growing fragility in global governance.
The political atmosphere is becoming intense inside Iran as the Islamic Republic is preparing for the twelfth presidential election. Six candidates passed through the Guardian Council’s vetting process. In the list of candidates are President Rouhani, and his Vice President Mr. Eshagh Jahangiri, Ebrahim Raisi, who is the custodian of Astan Ghods Razavi, the biggest religious endowment in Iran, the Mayor of Tehran Mohammad Bagher Ghalibaf, Mr.
Algeria has recently been at the center of multiple discussions and speculations. Several analysts believe that the country is about to face the second wave of the so-called “Arab Spring”. The regime would collapse and a civil war would follow. Six years after the Arab uprisings, the Algerian regime showed a remarkable degree of stability and continuity.
Latin America is at a crossroads. The “golden age” inaugurated with the turn of the new millennium seems a faint memory. Economies that had grown at a steady pace are now slowing down, while some are in freefall.
Politically, the “pink tide” of populist movements is now ebbing. From Brazil to Venezuela, from Argentina to Bolivia, left-leaning leaders across the region seem to have lost their bond with the people. Their promises of an equitable society through an apparently never-ending redistribution of wealth crashed against the reality of shortsighted and unsustainable policies. Political and social turmoil are heralding an era of changes and – maybe – of new opportunities for Latin America. And this ‘great transformation’ is precisely what this volume is all about.
Where is it leading to? Does it mark the beginning of a new age? Which lessons can be learnt from the past? Leading international scholars and experts scratch beneath the surface of Latin America’s current crisis to have a clearer glimpse of what the future holds and draw policy recommendations, especially for the EU.
Stopping deflation has been the most important macroeconomic policy target for Japan for more than 15 years. Japan’s nominal GDP was its highest level of 523 trillion yen in 1997 and had been declining to 472 trillion yen in 2011, one year before Abenomics, macroeconomic policies under Abe cabinet, was launched. The Japanese economy was stuck in a deflationary cycle for many years. Very aggressive monetary policy under Abenomics was effective to change the deflationary trend.
The work of the G20 benefits from the agenda-setting of the country holding the presidency as well as from the continuity that can be kept in the agendas, year after year. From this perspective, Germany, presiding over the G20 during 2017, will be able to fruitfully take up important items that have been developed under the Chinese presidency.
Abstract Numerous bilateral initiatives, in various cultural, political and economic fields, were organized to celebrate the 150° anniversary of the diplomatic relations between Italy and Japan. Among them, Keio University of Tokyo, jointly with Bocconi University and the Embassy of Italy in Tokyo, gathered a conference on “The economics of Italy and Japan: Historical Development and Future Policies for Stability and Growth” (Tokyo, 23 May, 2016).
At a time when the economic transition in China is casting shadows on the weak world recovery, and the country is further increasing military spending at double-digit rates, it is key to assess how far President Xi has gone in fulfilling the “China Dream” of ascendance to cultural, economic and military power.
Even more important is to try to figure out what the substance of the “China Dream” is likely to be in the near future. The current risk is that the Chinese people and the Chinese government are dreaming different dreams, and that Xi’s “China Dream” might be more a dream for the country and much less so for the people.
China has recently reached a series of symbolic milestones: the Yuan’s inclusion in the IMF’s SDR basket; the new China-led Asian Infrastructure Investment Bank (AIIB); the market economy status by a number of countries.
The 2016 Chinese G20 Presidency will provide a timely occasion for China to better define its role in global economic governance. However, progress on reforms is lagging behind expectations and international tensions are on the rise.
This volume explores the viability of the China Dream and analyzes its major challenges.
Introduction Africa has been changing fast over the past fifteen to twenty years. Both the growth performances and the international image of the continent went through surprising U-turns, from widespread stagnation and pessimism to unprecedented progress and new prospects. The turnaround of economic performances began as early as the mid-1990s and led to a number of sub-Saharan countries achieving record growth rates for the better part of the following decade. Economic recovery, in turn, fostered a dramatic improvement in the way the continent was perceived and represented by the international media, where talk of ‘Africa rising’ or ‘emerging Africa’ became gradually more frequent, stimulating a growing interest in the region.