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Markets only function optimally when there is perfect information. Joseph Stiglitz received the Nobel Prize in economics for proving that when there are asymmetries of information markets fail. Information economics, with its better analyses of labour, capital, and product markets, enables the construction of macroeconomic models that provide deeper insights into unemployment, recessions and depressions, and other problems that have marked capitalism since its beginnings.
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On July 30, Xi Jinping oversaw a meeting of the Politburo to discuss economic reform, ahead of the widely-anticipated discussions at Beidaihe leading up to the release of a new economic reform package at the Third Plenum in October (Xinhua, July 30). The official press provides no further detail about the meeting, but Premier Li Keqiang has described the center’s economic priorities at great length in recent months. Meanwhile, Xi has been busy consolidating power, gaining hold of what appears to be an unusually strong grasp of the party’s central apparatus. It remains unclear, howev...
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Buttressed by input from scholars, diplomats, and observers with an intimate knowledge of U.S. foreign policy, Honey and Vinegar examines "engagement"—strategies that primarily involve the use of positive incentives.
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The Demilitarization of American Diplomacy: Two cheers for striped pants
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Singapore is a practitioner of focused, innovative diplomacy, constantly in search of the political space for itself that would overcome its sense of vulnerability resulting from its geopolitical location.
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The Palestinian Authority (PA) launched an intense diplomatic campaign to garner a supporting vote in the United Nations General Assembly (UNGA), which was finally realized in 2012 by an upgrade to a 'non member observer state', granting Palestine a set of new privileges. It represents a victory for Palestinian diplomacy and presents a model of statehood diplomacy that received support as much as criticism. It stirred discussions about statehood and state recognition, and exposed the limited success of international interventions in post-conflict state building efforts.
Understanding Iran’s Media Diplomacy
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The Department of Foreign Affairs and Trade (DFAT) needs to keep pace with technological advancements that could increase efficiency, improve internal and external communication, and facilitate information exchange and gathering. Without e-diplomacy DFAT will be cut off from important audiences and find it increasingly hard to communicate its messages and coordinate Australian foreign policy across government.
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This briefing paper emerged from Diplo's participation in Namibia's Foreign Policy Review Conference (July 2016). In this paper, Dr Katharina E. Höne suggests a three-pronged approach to Namibia's digital foreign policy and diplomacy, and looks at the discourse on information and communications technology (ICT) and development.
Transformational Diplomacy after the Cold War: Britain’s Know How Fund in Post-Communist Europe, 1989-2003
This is the long awaited history of the Know How Fund (KHF) produced by the recently retired Foreign and Commonwealth Office historian Keith Hamilton. Like other FCO ‘internal histories’, it was initially written ‘to provide background information for members of the FCO, to point out possible lessons for the future and evaluate how well objectives were met.’
U.S. Propaganda in the Middle East – The Early Cold War Version
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Ten years ago, Uganda joined other sub-Saharan African Countries with new discoveries of oil; and just as the case always is, this news comes with high prospects for development and economic transformation. These ambitious projections are always based on the success stories of oil money in other countries without prejudice to the fear of the infamous oil curse that results from poor exploitation of oil revenues. With these aspirations at hand, Uganda has clearly stated in its national polices and development plans the fact that the country's development in the next 30 years shall be largely de...
Exploring the Relevance of Engagement and Containment Approaches in the European Union’s Management of Relations with Russia
Since 2006, Russia has grown more assertive and even hawkish in its approach to the European Union (EU), even seen as attempting to divide the large EU membership so as to consolidate its influence in Europe.
A weak diplomatic hybrid: U.S. Special Mission Benghazi, 2011-12
In the widespread coverage of the brutal murder of US Ambassador to Libya Christopher Stevens and others in the US mission in Benghazi on 11 September 2012, there has been much confusion over the character of the post. It has been repeatedly described in the media as the American ‘consulate’ but the official position, recently stated emphatically by the Report of the Accountability Review Board for Benghazi (ARB) convened by secretary of state Hillary Clinton, is that ‘the U.S. Special Mission in Benghazi was never a consulate and never formally notified [in any character] to the Libyan ...
Current developments in South African diplomacy
As the new South Africa adapts to an ever-changing regional, continental and global environment, this paper reviews current developments against the background of the historic situation and of the evolution of diplomacy world-wide.
A clash of grand strategies between Russia, United States of America and Turkey for greater power and influence in the Middle East
The thesis explores the changing dynamics in the Middle East where the region is witnessing a metamorphosis in its power structure as major regional powers actively pursue their grand strategies to unseat U.S. hegemony. The analysis focuses in particular on the foreign policies of the revisionist powers of Russia and Turkey collaborating in all spheres of statecraft against the resoluteness of the U.S. to maintain the status quo. It recognises that the Syrian civil war has disrupted the equilibrium of the prevailing power structure which, by extension, has provided the enabling environment for...
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Diplo: Effective and inclusive diplomacy
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