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Economic Dialogue with Ireland
IPOL DIRECTORATE-GENERAL FOR INTERNAL POLICIES EGOV ECONOMIC GOVERNANCE SUPPORT UNIT IN-DEPTH ANALYSIS Economic Dialogue with Ireland ECON on 08 November 2016 This note presents selected information on the current status of the EU economic governance procedures and related relevant information in view of an Economic Dialogue with Michael Noonan, Ireland’s Minister for Finance, in the competent committee of the European Parliament. The invitation for a dialogue is in accordance with the EU economic governance framework, in particular Article 2a of EU Regulation 1467 as amended by Regulation 1177/2011 and Article 7(10) of EU Regulation 472/2013. Summary In the context of the post-programme surveillance and monitoring, both the European Commission (COM) and the International Monetary Fund (IMF) notes that Ireland’s economic adjustment has been remarkable and outline positive developments, such as the strong economic rebound and improving public finances, while the challenge for the future is to achieve continued balanced growth in an environment of increased uncertainty, including that created by the result of the United Kingdom (UK) referendum on EU membership. Ireland successfully corrected its excessive deficit in 2015 and exited the EDP on 17 June 2016. It submitted its 2017 draft budgetary plan in October 2016; the latter will be assessed by the COM in November on the basis of the upcoming autumn forecast. The GDP figures have been revised significantly upwards in July 2016 (together with other relevant economic indicators): this reduces indicators expressed as a share of GDP and will be reflected in the upcoming COM autumn forecast. Finally, as regards the banking sector, progress can be noticed in the form of a declining non- performing loan (NPLs) ratio, but the current rate is still nearly three times that of the EU average and the Irish banking sector sees a reduction in the level of loan loss provisions. -
Downloads/Prosperity Without Growth Report.Pdf
UC Berkeley GAIA Books Title Institutionalizing Unsustainability: The Paradox of Global Climate Governance Permalink https://escholarship.org/uc/item/4zp9f66p ISBN 9781938169021 Author Stevenson, Hayley Publication Date 2013 License https://creativecommons.org/licenses/by-nc-sa/3.0/ 4.0 Peer reviewed eScholarship.org Powered by the California Digital Library University of California Institutionalizing Unsustainability The Paradox of Global Climate Governance Hayley Stevenson Published in association with the University of California Press “Presents a compelling and novel argument: that collective efforts to combat climate change have actually contrib- uted to less sustainable modes of industrial growth. Much work has looked at the details of national and international climate change policy, but no one has addressed whether any of this effort is likely to make a real difference, and what the broader factors are that account for policy changes. Will be attractive both for scholars of climate change and for policy makers.” PETER HAAS, University of Massachusetts, Amherst Climate change is a global phenomenon that requires a global response, and yet climate change governance depends on the ability of individual states to respond to a long-term, uncertain threat. Although states are routinely criticized for their inability to respond to such threats, the problems that arise from their attempts to respond are frequently overlooked. Focusing on the experiences of India, Spain, and Australia, Hayley Stevenson shows how these countries have struggled to integrate global norms around climate change governance with their own deeply unsustainable domestic systems, leading to profoundly irrational ecological outcomes. hal y Ey stevEnSon is Lecturer in International Relations at the University of Sheffield. -
Poverty, Income Distribution, and Human
pa. 0 n;i s Public Disclosure Authorized Fir Public Disclosure Authorized -, 4 ,_ r) ' '41 A dK Public Disclosure Authorized Public Disclosure Authorized Latin America and the Carlbbec i A decade after the debt crisis World Bank Lan Americaand the Caribbean RegionalOffice Washington,D.C. September1993 Cow Th iusafio on the cover by JoequinTions.Gmrdm The painti £50w14, Pe y O* Is upodumd here cotey of ChrlW New Yob it I partof a pvate coecion In NewYor. Contents Prefce vl Inital Rtson the DebtCsis I TheEconomic Rebom: CGontent and Rcsults 2 The Pafth ead $ Nrote S Mef Hisial Bacround 8 re forfm 9 Notes 10 2 WdNTbm"k_AdPwt1 I=1t2a 1 f11 xemal and DomesticOdris of the Crlsls 12 The!Adjutment 3 FailedHetedox Staition Attmpts In the Mld-1980t 18 Notes 22 5. A NeWCu.Sm mmImunie ftlqam St_ctwd Re_in * The Crsis of TraditonalBoonomic Thinking In lati Ametica 24 Factoksbehind the Emeng Co _ns 27 lbe MainEtements of the EmeqgngCons and the Refom 34 Notes 34 4. _1- X DebtR c DebtReIlef, and tcrnomicAudment 37 Flsc Pol1cand Wc Equlbuum 42 EvchangeRates, Inflation, and Disinflation SO Notes S3 S urnOpmbugof la*Amuks 54 Fm P i toIaon a"ia Apecs 54 RecentTrade Liberation RefomsIn LatinAmeica SO TheEffects of TkadeLiberalization 60 Rea xche RateBehavlor, Capital Iows, and the Futre of hde om in aAme 63 RegkonalTing Blocsin LatinAmedca 67 Appendix 72 Notes 74 Iv laWnAmwk ond theOiCbbea: A Decodeafte theDebt Crisis 6. pet; tI. mi 7 AnalyticalIssues and PolicyOptions 78 PrivatizadonIn Chie, Mexico,and Argentina 84 LaborMae Regulaton in Latin Ameica 92 Notes 97 7. -
Part V CONCLUSION
Part V CONCLUSION 99781107029866c19_p397-416.indd781107029866c19_p397-416.indd 339797 110/9/20120/9/2012 111:24:041:24:04 PPMM 99781107029866c19_p397-416.indd781107029866c19_p397-416.indd 339898 110/9/20120/9/2012 111:24:041:24:04 PPMM 19 Paper Leviathans Historical Legacies and State Strength in Contemporary Latin America and Spain Miguel A. Centeno and Agustin E. Ferraro We began this volume proposing that the experiences of Spain and Latin America in the nineteenth century are relevant for those countries under- going the process of state building today. We noted that many of the same problems and challenges faced by contemporary states -in-the-making were common in the Iberian world: divided societies, improvised and often fl awed institutional designs, and public organizations with responsibilities far above their capacities. In order to explore the contradiction between performance expectations and organizational realities, we identifi ed four different forms or categories of state power : territorial, economic, infrastructural, and sym- bolic. Using these forms or categories of state power as an analytical scheme, we conclude the book with a summary of where our cases fi nd themselves 200 years after independence, and how the patterns therein provide clues about the relative importance of each form of power. By linking contempo- rary states to their precedents, we hope to suggest how historical legacies help determine present outcomes, and to explain the relative lack of success of state-building projects in Latin America and Spain during the nineteenth century. Looking at our cases, we fi rst need to consider the differences between Spain and Latin America. -
6 the Political Economy of Latin American Development
6 The Political Economy of Latin American Development One of the most pervasive themes in previous chapters has been the relation between institutions and growth-enhancing policies. In sharp contrast to our opening chapter, which focused on income inequalities and long-term growth trajectories dating back to Latin America's colonial period-when the region was predominantly rural-this chapter is closest in spirit to chapter 3 on state interven tion under ISL Specifically, this chapter analyzes the underlying political economy of populist upsurges in predominantly urban areas in which macroeconomic populisf!l has taken hold. The phenomenon is not new. Populism in Latin America dates back to the 1920s.1 More recently, political economy issues that emphasize the ethnical divide between Latin America's Europeans and mestizos and between indigenous and nonindigenous populations have been added to the new wave of populist topics in contemporary Latin America. Populism is difficult to define. In Latin America, however, the meaning of popu lism is slightly less difficult to determine. From an economist's standpoint, and paraphrasing Dornbusch and Edwards's groundbreaking work, largely inspired by twentieth-century Latin America, macroeconomic populism is an approach to economics that emphasizes growth and income distribution and deemphasizes the risk of inflation and deficit finance, external constraints, and the reaction of economic agents to aggressive nonmarket policies.2 Contrary to what chapter 4, with its focus on structural reforms of the 1980s and 1990s, may seem to indicate, macroeconomic populism is not just a ghost from the past. Populism in different forms and shapes is a twenty-first-century Latin American reality. -