Global PolicyPub Date : 2024-10-07DOI: 10.1111/1758-5899.13448
David Suárez-Cuesta, Maria C. Latorre
{"title":"Governance and policy implications of the Inflation Reduction Act: A European perspective","authors":"David Suárez-Cuesta, Maria C. Latorre","doi":"10.1111/1758-5899.13448","DOIUrl":"https://doi.org/10.1111/1758-5899.13448","url":null,"abstract":"<p>This paper examines the US 2022 Inflation Reduction Act (IRA) alongside the EU's Net-Zero Industry Act (NZIA) and Critical Raw Materials Act (CRMA) of 2023. We analyze their differential approaches to accelerating investment in clean technology, enhancing energy security and fortifying supply chains. Both regions share the objective of diminishing reliance on Chinese dominance in clean industries. The US seeks to stimulate private investment primarily via uncapped tax credits from 2022 to 2031, some of them subject to stringent domestic content requirements. The EU has reacted to the potential violation of World Trade Organization's rules and a possible green investment shift to the US In doing so, the EU is relying heavily on a regulatory strategy, with emphasis on the simplification of procedures. However, the EU's public funding model is vague and leaves details to the discretion of member states, risking fragmentation within the single market. Through the application of a dynamic computable general equilibrium model, we show that a 50% increase in demand for the IRA's uncapped tax credits could nearly triple US GDP outcomes by 2027. We highlight the contrast between the IRA's immediate fiscal incentives and the NZIA's regulatory approach, emphasising that the former are more attractive for firms.</p>","PeriodicalId":51510,"journal":{"name":"Global Policy","volume":"15 S8","pages":"37-43"},"PeriodicalIF":2.2,"publicationDate":"2024-10-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1758-5899.13448","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143248869","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Global PolicyPub Date : 2024-10-03DOI: 10.1111/1758-5899.13454
Marie Hyland, Massimiliano Mascherini, Michèle Lamont
{"title":"Feeling overlooked: A rural–urban divide in recognition","authors":"Marie Hyland, Massimiliano Mascherini, Michèle Lamont","doi":"10.1111/1758-5899.13454","DOIUrl":"https://doi.org/10.1111/1758-5899.13454","url":null,"abstract":"<p>The farmers' protests sweeping across Europe during the early month of 2024 have highlighted the discontent felt by many residing in rural areas. Protests have been motivated by increasing input costs, falling prices of agricultural produce and more stringent regulations. In this paper, we go beyond the economic rationale for the protests and ask what broader sociological factors could be driving rural discontent. To this aim, we investigate political ‘recognition gaps’ between rural residents and their urban counterparts – that is, the differences in the degree to which people feel respected and recognised by their governments. Using data collected in the spring of 2022 across the 27 Member States of the European Union, we document that a sizeable proportion of the sample perceive a lack of fair treatment and respect from their governments. Notably, these gaps in perceived respect are significantly larger in rural compared to urban areas. The differences in perceived recognition between rural and urban areas hold even after controlling for a wide range of sociodemographic characteristics, showing that it is not just differences in the observable characteristics between rural and urban residents that are driving these different levels of perceived recognition.</p>","PeriodicalId":51510,"journal":{"name":"Global Policy","volume":"15 5","pages":"807-822"},"PeriodicalIF":2.2,"publicationDate":"2024-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142707519","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Global PolicyPub Date : 2024-09-28DOI: 10.1111/1758-5899.13450
David Suárez-Cuesta, Maria C. Latorre, Hidemichi Yonezawa
{"title":"A policy and quantitative analysis of U.S. climate policy from a global perspective","authors":"David Suárez-Cuesta, Maria C. Latorre, Hidemichi Yonezawa","doi":"10.1111/1758-5899.13450","DOIUrl":"https://doi.org/10.1111/1758-5899.13450","url":null,"abstract":"<p>We analyze a recent significant shift in United States (US) climate policy focusing on a landmark law: the Inflation Reduction Act (IRA). To put the IRA in context, we adopt a three-pronged approach. First, we describe the portfolio of economic policies available to address climate change, highlighting their advantages and disadvantages in an intuitive manner. Second, we reflect on US climate policies prior to the IRA and compare them to those of other major players, such as the European Union and China. Third, we offer a quantitative estimation of the IRA's impact on the US economy. We compare the IRA's green subsidies with the effects of a potential carbon pricing policy that achieves the same reduction in CO<sub>2</sub> emissions. Our Computable General Equilibrium simulations account for various channels affecting the efficiency of climate policies, indicating that carbon pricing would be a more efficient approach. There are good reasons why both the EU and China and have opted for this mechanism. We highlight the challenges faced by the US and other countries, including those stemming from political feasibility, which hinder quicker advances in the green transition.</p>","PeriodicalId":51510,"journal":{"name":"Global Policy","volume":"15 S7","pages":"21-33"},"PeriodicalIF":2.2,"publicationDate":"2024-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1758-5899.13450","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142862383","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Global PolicyPub Date : 2024-09-27DOI: 10.1111/1758-5899.13447
Bonnie Ayodele
{"title":"Russia's invasion of Ukraine: Nigeria's value-driven and pragmatic indifferent stance","authors":"Bonnie Ayodele","doi":"10.1111/1758-5899.13447","DOIUrl":"https://doi.org/10.1111/1758-5899.13447","url":null,"abstract":"<p>Nigeria's response to the Russian invasion of Ukraine carried significant geopolitical weight within the Global South. Despite Western pressure, Nigeria adopted a carefully calibrated, value-driven, pragmatic indifferent stance that avoided overtly condemning Russia. While denouncing the violation of Ukraine's territorial integrity, Nigeria emphasised the need for dialogue and diplomacy. This reflected Nigeria's pursuit of strategic domestic value-driven foreign policy that has embedded non-alignment principles and its Afrocentric worldview. Nigeria's position highlighted the challenge many Global South nations face in being caught between the West and Russia. Overtly backing either side could jeopardise their interests and economic ties. Nigeria aimed to uphold foreign policy principles and support international norms like sovereignty while keeping channels open with the West and Russian power blocs. Its position, which reflects Afrocentricism, bolstered its credentials as a leader representing the perspectives of the Global South. Its value-driven and pragmatic indifferent stance provided a model for global order-making, and its deft geopolitical balancing act allowed it to protect its interests while reinforcing its status as an influential force shaping the Global South's stance(s) on major international issues.</p>","PeriodicalId":51510,"journal":{"name":"Global Policy","volume":"15 4","pages":"768-772"},"PeriodicalIF":2.2,"publicationDate":"2024-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142324733","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Global PolicyPub Date : 2024-09-27DOI: 10.1111/1758-5899.13445
Eman Ragab
{"title":"Egypt's position in the Russia–Ukraine war","authors":"Eman Ragab","doi":"10.1111/1758-5899.13445","DOIUrl":"https://doi.org/10.1111/1758-5899.13445","url":null,"abstract":"<p>This paper argues that Egypt's balancing position on the war on Ukraine is shaped by a combination of a rational analysis of the consequences of the war and a pre-war vision of its role in the ongoing global transformation. The paper employs the framework of varied consequentialism to identify the main factors driving Egypt's balancing position. The first factor relates to Egypt's dependence on external partners, contributing to the vulnerability of its national security, which leaves minimal room for maneuvering in responding to external crises, including the war in Ukraine. The second factor relates to the negative implications of the war on Egypt's national food security. The third factor is the need for external support to contain the war's negative consequences, which raises questions about the reliability of the international partners. The paper also discusses how this balancing position has defined Egypt's response to the American and Russian visions of the new world order in the post-Ukraine war period.</p>","PeriodicalId":51510,"journal":{"name":"Global Policy","volume":"15 4","pages":"762-767"},"PeriodicalIF":2.2,"publicationDate":"2024-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142324688","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Global PolicyPub Date : 2024-09-25DOI: 10.1111/1758-5899.13451
Anisha Nazareth, Zoha Shawoo, Cleo Verkuijl, Harro van Asselt
{"title":"Fuelling injustice? Safeguarding equity in anti-fossil fuel norms","authors":"Anisha Nazareth, Zoha Shawoo, Cleo Verkuijl, Harro van Asselt","doi":"10.1111/1758-5899.13451","DOIUrl":"https://doi.org/10.1111/1758-5899.13451","url":null,"abstract":"<p>This article explores anti-fossil fuel norms (AFFNs), which set behavioral standards for phasing out practices and processes across the fossil fuel supply chain. In recent years, AFFNs have emerged and become increasingly institutionalized in global climate governance. However, they remain contested and have not yet achieved widespread acceptance. Much of the contestation concerns the perceived equity of these norms. Drawing on insights from the literature on AFFNs and expert interviews, this article investigates equity-related issues that arise in the context of four key AFFNs: phasing out coal-fired power, phasing out oil and gas, ending public financing for fossil fuels, and reforming fossil fuel subsidies. We find that each of these norms is well placed to contribute to a shift away from a fossil fuel-based economy. However, these norms are often framed in ways that do not account for the distributional impacts of this shift, which may lead to unintended and inequitable consequences. We conclude that AFFNs need to be developed and deployed to actively consider the needs of marginalized communities. Policymakers and non-governmental organizations can work together to develop norms that prioritize addressing equity and distributional justice concerns in the transition away from fossil fuels.</p>","PeriodicalId":51510,"journal":{"name":"Global Policy","volume":"15 5","pages":"979-988"},"PeriodicalIF":2.2,"publicationDate":"2024-09-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142708244","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Global PolicyPub Date : 2024-09-20DOI: 10.1111/1758-5899.13424
Oliver Lukason, Mark Kantšukov
{"title":"Earlier reporting misconducts by serial entrepreneurs as predictors of misconduct-triggered forced firm closures","authors":"Oliver Lukason, Mark Kantšukov","doi":"10.1111/1758-5899.13424","DOIUrl":"https://doi.org/10.1111/1758-5899.13424","url":null,"abstract":"<p>This paper investigates the factors determining the forced closures of firms, which occur when entrepreneurs fail to submit annual reports for their businesses. Drawing on various theoretical perspectives, including a novel focus on the past reporting misconducts of the same entrepreneurs, the study sheds light on this phenomenon. Analysis of Estonian micro-firms run by serial entrepreneurs reveals that recent reporting misconducts, particularly those of a severe nature, significantly determine a firm's forced closure. Additionally, factors such as firm size, age, and certain aspects of corporate governance play significant roles in this regard. In turn, the financial performance of a firm largely fails to signal future forced closure, potentially indicating that when entrepreneurs submit annual reports showing normal performance, they might be hiding bad performance. The paper also delineates different types of violators based on the severity of their past misconducts, noting that a particular type characterized by a large number of severe violations is especially prone to forced closures. Finally, the paper develops high-accuracy prediction models for forced closures, identifying the number of most severe violations and firm size as the most important variables.</p>","PeriodicalId":51510,"journal":{"name":"Global Policy","volume":"15 S7","pages":"131-146"},"PeriodicalIF":2.2,"publicationDate":"2024-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1758-5899.13424","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142862020","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Global PolicyPub Date : 2024-09-20DOI: 10.1111/1758-5899.13411
Paloma Duran y Lalaguna
{"title":"UN Resolution 1325/2000 (women, peace and security): Its impact in Europe","authors":"Paloma Duran y Lalaguna","doi":"10.1111/1758-5899.13411","DOIUrl":"https://doi.org/10.1111/1758-5899.13411","url":null,"abstract":"<p>This article aims first, to decipher the content of UN Resolution 1325 and the obligations it entails; second, to systematize actions carried out by the EU; and third, to propose some conclusions. Security Council Resolution 1325 (2000) marked the beginning of political decisions taking into account the impact of conflict on women and girls. Member States have developed national action plans to integrate Resolution 1325 into their policies and programs and the EU has approved some plans and decisions but there is still a long way to go, especially to ensure impact and implementation.</p>","PeriodicalId":51510,"journal":{"name":"Global Policy","volume":"15 S8","pages":"23-29"},"PeriodicalIF":2.2,"publicationDate":"2024-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1758-5899.13411","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143252965","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Global PolicyPub Date : 2024-09-20DOI: 10.1111/1758-5899.13407
Mampiandra Antonia Ngavozafy, Maria C. Latorre
{"title":"Temporary trade regulations amidst the COVID-19 pandemic and the conflict in Ukraine","authors":"Mampiandra Antonia Ngavozafy, Maria C. Latorre","doi":"10.1111/1758-5899.13407","DOIUrl":"https://doi.org/10.1111/1758-5899.13407","url":null,"abstract":"<p>This article consists of a detailed survey of the trade regulations adopted during the COVID-19 pandemic and the conflict in Ukraine. It analyses how trade policymakers have responded to unforeseen geopolitical events and how their responses and the scope of these measures have differed depending on the nature of the event. Based on the International Trade Centre's databases of temporary trade measures, we found that 407 COVID-19-related and 189 Ukraine conflict-related regulations have been issued since 2020. During the pandemic, temporary trade measures were global and comprehensive. They have mostly aimed to liberalise the imports and restrict the exports of essential commodities. In contrast, temporary measures were enacted mainly on specific sectors by the belligerents and their allies during the war in Ukraine. They consisted mainly of prohibitions and restrictions of the exports and imports of strategic commodities. Some third countries, considered as neutral in this war, have also adopted temporary measures with global scope to mitigate the sanctions' disruptive effects on their own domestic markets.</p>","PeriodicalId":51510,"journal":{"name":"Global Policy","volume":"15 S7","pages":"8-20"},"PeriodicalIF":2.2,"publicationDate":"2024-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1758-5899.13407","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142862033","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Global PolicyPub Date : 2024-09-19DOI: 10.1111/1758-5899.13443
Ignacio Álvarez Arcá
{"title":"EU water diplomacy: A tool to strengthen the EU's soft power on environmental governance","authors":"Ignacio Álvarez Arcá","doi":"10.1111/1758-5899.13443","DOIUrl":"https://doi.org/10.1111/1758-5899.13443","url":null,"abstract":"<p>This article analyses the role of the European Union (EU) as a global governance actor in a multipolar and fragmented world. It focuses on the case of European Union water diplomacy, defined as the diplomatic and strategic use of water cooperation to promote peace, security, and sustainable development. The article argues that European Union water diplomacy is a tool to enhance the EU's soft power and influence in global environmental governance. Through an analysis of the European Union's main initiatives in this field, the article illustrates how the EU seeks to build alliances with other actors, promote multilateralism and the principles of international law, and support the participation of civil society and local communities. It concludes that European Union water diplomacy is an example of EU normative and transformative leadership that can contribute to the consolidation of a more just and sustainable international order.</p>","PeriodicalId":51510,"journal":{"name":"Global Policy","volume":"15 S8","pages":"7-14"},"PeriodicalIF":2.2,"publicationDate":"2024-09-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1758-5899.13443","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143253016","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}