A bit on Bitcoin: Prof. Mota Prado writes in Foreign Affairs

Monday, February 3, 2014

If you haven't heard about Bitcoins, you soon will, as this online currency is experiencing a stratospheric boom. But will it turn out to be an "AOL or a Google"?

In the current issue of Foreign Affairs, Prof. Mariana Mota Prado co-writes "Bitcoin Goes Boom," and questions if the virtual currency's explosive growth is sustainable -- or if it's prime for a tank.

 

 

The Bali Challenge: How to Get a Global Climate Deal, and Fast?

According to UN secretary-general, Ban Ki- Moon, the most recent findings of the Intergovernmental Panel on Climate Change (IPCC) suggest that the impacts of climate change will be “so severe and so sweeping that only urgent, global action will do.”

The challenge at the pending UN meetings in Bali will be to set the tracks for just that: a regime that includes all major greenhouse gas (ghg) emitters and imposes meaningful emission reduction targets on them.

Canada’s Environment Minister, John Baird, has called the IPCC findings “powerful” and “overwhelming.”  Assuming, then, that Canada’s goal is to promote urgent and global action, what of its negotiating strategy for Bali?

That strategy was spelled out at last weekend’s Kampala meeting of the 53 Commonwealth states.  Canada blocked a final communiqué that would have called for a long-term global target, as well as binding commitments to deep, absolute emission reductions by developed countries.  The statement’s focus on developed countries was the rub.  As Prime Minister Harper confirmed, Canada will resist any deal that does not include all major polluters.

Getting on Like a House on Fire – Bali Style

There is something surreal about the current climate talks in Bali. Think about it this way…

Life is good in the penthouse suites.  The open and airy lofts boast the latest in sleek Italian furniture, the ultimate in German kitchen design, and screening rooms with state of the art plasma screens and surround sound systems.

Money is no object. The owners are, well, “financially comfortable” (some would say plain rich).  They enjoy the best wines from around the world, champagne from France, beef from Japan (sometimes Argentina), caviar from Russia and bottled mineral water from the finest springs.

Only one thing is puzzling about the penthouse suites. The blinds are drawn. And the air-conditioning is running in the winter.  Delivery staff rushes in and out, leaving sooty clothes and oxygen tanks at the door.  Because, you see, there is trouble in penthouse paradise. It sits atop a building that is now surrounded by fire and is beginning to smolder.

This is not news to the people in the penthouse, or to anyone else in the building. In fact, the building association has known about the approaching fire for many, many years. Back in 1992, it even adopted a framework agreement with the objective to avert a “dangerous” fire hazard. 

Rule Of Law Reform And Development

Wednesday, July 16, 2008

Prof. Michael Trebilcock and former dean Ron Daniels co-authored book "Rule Of Law Reform And Development: Charting the Fragile Path of Progress" has recently been published.
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"This important book addresses a number of key issues regarding the relationship between the rule of law and development. It presents a deep and insightful inquiry into the current orthodoxy that the rule of law is the panacea for the world’s problems. The authors chart the precarious progress of law reforms both in overall terms and in specific policy areas such as the judiciary, the police, tax administration and access to justice, among others. They accept that the rule of law is necessarily tied to the success of development, although they propose a set of procedural values to enlighten this institutional approach. The authors also recognize that states face difficulties in implementing this institutional structures and identify the probable impediments, before proposing a rethink of law reform strategies and offering some conclusions about the role of the international community in the rule of law reform.

Waiting for Godot: Foreign Aid in Haiti

Haiti is currently in the headlines again due to the ravages of a cholera epidemic that has hit citizens still reeling from a humanitarian disaster brought on by last year's earthquake, and has been compounded by hurricanes, floods, a problematic election and general unrest. Some Haitians have been pointing their fingers at the UN as the author of their latest misfortune, blaming foreign aid workers or peacekeepers for bringing cholera with them. At the same time, close to the scene, humanitarian workers, staff, doctors and nurses have been calling for more help from abroad as they survey the miserable conditions that Haitian citizens are forced to deal with after they have been "helped".

Frustration and anger are surely heightened by the fact that millions (or billions) of dollars of funding pledged in support of reconstruction is still sitting in the hands of foreign aid entities. One cannot help but think of the famous play by Beckett, Waiting for Godot. In the play, the two main characters try to entertain themselves while waiting for Godot, an acquaintance that never shows up. Despite agreeing at the end that they will no longer wait, neither of them leaves. Similarly, Haiti seems to be expectantly waiting for foreign aid, without knowing when and whether it will come.  

The Arab Demonstrations, the Sub-Prime Mortgage Crisis, and "Black Swans"

This commentary was first published on the Foreign Policy magazine website on Feb. 2, 2011.

The nationwide decline in housing prices that began in 2006 was supposed to be, we were told, impossible. Because its impact was limited initially to the sub-prime mortgage market, which was a relatively small part of the overall home-mortgage market, policy makers at the Department of the Treasury and the Federal Reserve assured us that its effects would be contained. That prediction, we now know, turned out to be horribly wrong.    

So, too, the revolutions in Tunisia and Egypt were said to be impossible. Even after the shocking events of Tunisia, pundits were quick to deny their relevance to Egypt. Egypt was a much larger country; its population was less educated, less politically savvy, and too habitually passive to become revolutionary; moreover, Egypt's security service was much larger and tougher than those of Tunisia, and in any event the Egyptian military could be relied upon to come quickly to the aid of the regime in the event of any crisis. Indeed, some pundits were quick to dismiss Tunisians entirely from the Arab world.

The Demands of the Egyptian January 25th Youth Movement

One of the most unexpected features of the ongoing revolution in Egypt, a/k/a "the January 25th Youth Movement," is its leadership, or more precisely, its apparent lack of leadership. Accordingly, some have dubbed it the "Facebook" or "Twitter" or more generically, the "Social Media" revolution.  In my view, however, this is not so much a leaderless revolution as it is one with a diffuse leadership.  Certainly, social media and other internet tools of communication enabled this revolution to organize and to reach critical mass.  This structure has not been able, thus far, to transform itself into a formal political interest group capable of managing the transition to a new regime.  As a result, older, more established political groups in Egypt have been given responsibility to negotiate with the regime.  But, what are the political demands of the January 25th Youth Movement?  I was able to find a communique dated February 4 on YouTube in the name of this movement setting forth its political demands.  While I have no way of confirming its accuracy, it has the air of authenticity and is certainly an articulate formulation of what the demands of the movement are, especially in light of what other media has reported. I have set out a translation of this communication below:

Translation of the Communique of the January 25th Youth

Political Strikes are Not Illegal Strikes

Last week many newspapers reported on a new development in the protests that have been focussing the world's attention upon Egypt. As the New York Times headline put it, "Protest in Egypt Takes New Turn as Workers Go on Strike". Reporters described how workers in myriad work places had decided to join the protest movement by going on strike. Workers at the Suez Canal, in textile factories, in government departments downed tools, sat in, picketed and otherwise brought normal productive activity to a halt. They did so for the purpose of making common cause with others seeking fundamental political change in their country. 

Labour and the Future of the Egyptian Revolution

ForeignPolicy.com’s Middle East Channel published my latest thoughts on Egypt’s labor movement and its role in Egypt’s future democracy.  The essential argument is that if Egyptians want to establish a successful democracy, they must establish a social democracy along the lines of the Scandinavian countries.  After 20 years of structural adjustment in which the gains from liberalization of trade and privatization of state-owned enterprises were limited to a relatively narrow sector of the Egyptian elite and investments in public goods such as education and health steadily declined, democratic stability will require a strong commitment to redistributionist policies.  Recognition of the rights of independent labor unions in Egypt is an essential step toward achieving this necessary social transformation.

 

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