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The Globalization of United States Debt: The Real Impact of China's Rise as a Creditor State 美国债务全球化:中国崛起债权国的现实影响
Q3 Social Sciences Pub Date : 2018-06-12 DOI: 10.2979/INDJGLOLEGSTU.25.1.0495
Michael R. Myers
Abstract:In this Note, I seek to answer a simple question: By owning a large quantity of United States debt, can a foreign country influence United States policies at home or abroad? To answer, I apply scholarship in financial leverage theory to China—the largest foreign holder of U.S. debt. As a result, I find no plausible threat of China using financial leverage against the United States.Instead, I argue that the true impact of China's rise as a creditor state has been its ability to fundamentally undervalue its currency by investing in the sovereign debt of foreign nations. Such monetary policies run contrary to China's obligations with the International Monetary Fund and expose the need for a more effective international enforcement mechanism for intentional currency devaluations. While the World Trade Organization's Dispute Settlement Board may provide an alternative solution, I believe China's emergence as a trading power will insulate it from international punishment.In the end, I look to the market, or "global invisible hand" for solace. I argue that over the long term the global market will act as a regulator and will rein in China's currency policies as the country liberalizes its markets and begins to shift away from a traditional export-driven economy.
摘要:在本说明中,我试图回答一个简单的问题:通过拥有大量美国债务,外国能否影响美国在国内外的政策?为了回答这个问题,我将金融杠杆理论的学术成果应用于中国——美国最大的外国债券持有者。因此,我没有发现中国对美国使用金融杠杆的合理威胁。相反,我认为,中国作为债权国崛起的真正影响是,它有能力通过投资外国主权债务从根本上低估货币价值。这种货币政策违背了中国对国际货币基金组织的义务,暴露出需要一个更有效的国际执行机制来应对有意的货币贬值。虽然世界贸易组织争端解决委员会可能会提供另一种解决方案,但我相信中国作为贸易大国的崛起将使其免受国际惩罚。最后,我向市场或“全球看不见的手”寻求慰藉。我认为,从长远来看,随着中国市场自由化并开始摆脱传统的出口驱动型经济,全球市场将充当监管者,并将控制中国的货币政策。
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引用次数: 0
Policing Corruption Post-and Pre-Crime: Collective Action and Private Authority in the Maritime Industry 犯罪后和犯罪前的腐败监管:海运业的集体行动和私人权力
Q3 Social Sciences Pub Date : 2018-06-12 DOI: 10.2979/INDJGLOLEGSTU.25.1.0131
H. Hansen
Abstract:How are we to understand the proliferating attempts amongst transnational corporations (TNCs) at collectively reducing the risk of corruption in business operations and interactions with state officials around the world? How are these endeavors linked to transformations of public and private authority in the global political economy? Premised on the observation that corruption is globalized and the growing efforts at tackling it equally so, this article draws on the literatures on private authority, governmentality, and criminological studies to explore anticorruption in terms of pre-crime and post-crime policing. The case of the maritime industry is analyzed, including the ways in which corruption is policed post-crime by governments and pre-crime by a collective action initiative, the Maritime Anti-Corruption Network (MACN). The paper finally discusses how the incipient collective policing of corruption undertaken by corporations nowadays intersects with changes in the organization of public and private authority. Corporate policing of corruption does not imply a simple shift from public toward private authority, but rather a growing emphasis on pre-crime interventions in a largely disaggregated, polycentric, and liquid global governance set-up, with corporations and their collective action initiatives emphasizing anticipatory logics and attempts at forestalling corruption.
摘要:我们如何理解跨国公司(TNCs)在全球范围内共同减少商业运营和与国家官员互动中的腐败风险的努力?这些努力是如何与全球政治经济中公共和私人权力的转变联系在一起的?在观察到腐败是全球化的以及越来越多的努力同样解决它的前提下,本文借鉴了私人权威,治理和犯罪学研究的文献,从犯罪前和犯罪后的警务角度探讨反腐败。本文分析了海运业的案例,包括政府在犯罪后对腐败进行监管的方式,以及通过海事反腐败网络(MACN)这一集体行动倡议在犯罪前对腐败进行监管的方式。最后,本文讨论了由公司承担的腐败的早期集体监管如何与公共和私人权力组织的变化相交叉。企业对腐败的监管并不意味着从公共权力向私人权力的简单转变,而是在一个很大程度上分散的、多中心的、流动性强的全球治理体系中,越来越多地强调犯罪预防干预,企业及其集体行动倡议强调预期逻辑和预防腐败的尝试。
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引用次数: 7
"Dignity in Living and in Dying": The Henry H. H. Remak Memorial Lecture “生与死的尊严”:亨利·h·h·雷马克纪念讲座
Q3 Social Sciences Pub Date : 2018-06-12 DOI: 10.2979/INDJGLOLEGSTU.25.1.0413
Emeritus George P. Smith
Although no express right to die with dignity is found in definitive instruments on human rights, the Charter of the United Nations nonetheless addresses the need to protect and safeguard the essential dignity and worth of the human person during life and, arguably, also at death. Indeed, the United Nations has taken an active role in codifying a mandate to ensure human dignity be given and observed within various contexts of International Law. A powerful interface exists between human dignity and the right to life; for, many of the claims to a right to die with dignity actually reaffirm a more general commitment to a shared life of loving and of being set within the framework of living a full life in dignity. Since the conclusion of World War II, a number of European constitutions, in particular, acknowledge presently dignity as a first principle, a constitutional value, a normative standard for policy making, a constitutional right or even an absolute right . The current debate over the issue of dignitary status is broadened contextually when notions of death with dignity are introduced and examined. This Article probes the efficacy of the present conflicts arising from this extended debate and concludes that the very right to self determination, dignity, and to life itself, should be acknowledged and respected especially at its end-stage. Clear evidence of this progressiveness is to be found, domestically, in the United States by state legislative actions which allow pharmacologic assistance at death for terminally ill individuals. These actions may be seen, and applauded, as a nascent response to similar global actions allowed, notably, in The Netherlands, Belgium, and Switzerland. Judicial responses to this matter, however, remain guarded and indecisive.
尽管在关于人权的权威文书中没有明确的有尊严地死去的权利,但《联合国宪章》仍然谈到了在生命中,可以说在死亡时,保护和维护人的基本尊严和价值的必要性。事实上,联合国在编纂一项任务方面发挥了积极作用,以确保在国际法的各种背景下给予和遵守人的尊严。人的尊严和生命权之间存在着强有力的联系;因为,许多关于有尊严地死去的权利的主张实际上重申了一种更普遍的承诺,即在有尊严地过上充实生活的框架内,共同过上充满爱的生活。自第二次世界大战结束以来,特别是一些欧洲宪法目前承认尊严是第一原则、宪法价值、政策制定的规范标准、宪法权利甚至绝对权利。当有尊严地死亡的概念被引入和审查时,当前关于权贵地位问题的辩论在上下文中得到了扩展。本条探讨了这场旷日持久的辩论所产生的当前冲突的效力,并得出结论,自决权、尊严权和生命权本身,尤其是在其结束阶段,应该得到承认和尊重。在美国国内,各州立法行动允许为绝症患者提供临终药物援助,这是这种进步性的明确证据。这些行动可能被视为对类似全球行动的初步回应,尤其是在荷兰、比利时和瑞士。然而,司法部门对此事的反应仍然是谨慎和优柔寡断的。
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引用次数: 2
After the European Commission Ordered Apple to Pay Back Taxes to Ireland: Ireland's Future in the New Global Tax Environment 在欧盟委员会命令苹果向爱尔兰补缴税款后:爱尔兰在新的全球税收环境中的未来
Q3 Social Sciences Pub Date : 2018-06-12 DOI: 10.2979/INDJGLOLEGSTU.25.1.0539
Boyu Wang
Abstract:On August 30, 2016, the European Commission ordered Ireland to collect $14.5 billion plus interest in unpaid taxes between 2003 and 2014 from Apple Inc. The European Union suggested that Ireland made "sweetheart deals" with Apple in exchange for bringing more jobs into the country and concluded that these deals constituted illegal tax benefits, contrary to the European Union's prohibitions against "state aid."Profit shifting and transfer pricing manipulation dominate the analysis of the corporate tax structure in Ireland and its position in the context of global tax policy. This note explains the European Commission's Apple decision and analyzes how this decision will affect Ireland's international relations and its law reform, so that Ireland could comply with the European Union and international tax law.The European Commission's Apple decision helped the United States, the European Union, and Ireland start a conversation on how to work together to regulate tax evasion on a global scale. I conclude that tax system reforms on an international scale will happen in the future to combat "illegal deals" between multinational companies and specific countries.
摘要:2016年8月30日,欧盟委员会要求爱尔兰向苹果公司征收145亿美元的未缴税款以及2003年至2014年的未缴税款利息。欧盟表示,爱尔兰与苹果公司达成了“甜心交易”,以换取更多的就业机会,并得出结论,这些交易构成了非法的税收优惠,违反了欧盟禁止“国家援助”的规定。利润转移和转移定价操纵主导了对爱尔兰企业税收结构及其在全球税收政策背景下的地位的分析。这篇文章解释了欧盟委员会对苹果公司的决定,并分析了这一决定将如何影响爱尔兰的国际关系和法律改革,使爱尔兰能够遵守欧盟和国际税法。欧盟委员会对苹果公司的裁决帮助美国、欧盟和爱尔兰开启了一场对话,讨论如何在全球范围内共同监管逃税行为。我的结论是,未来将在国际范围内进行税收制度改革,以打击跨国公司与特定国家之间的“非法交易”。
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引用次数: 1
The Politics of Legal Arrangements: The "Duty of Care," Justifying, Extending, and Perpetuating the Public-in-the-Private Forms of Protection 法律安排的政治性:“注意义务”,在私人形式的保护中证明、扩大和保护公众
Q3 Social Sciences Pub Date : 2018-06-12 DOI: 10.2979/INDJGLOLEGSTU.25.1.0265
Anna Leander
Abstract:This article explores the place of formal legal arrangements in the politics surrounding the hybrid, enmeshed public-in-the-private forms of authority this special issue focuses on. It does so by analyzing the significance of one specific legal arrangement, the Duty of Care, for the politics surrounding public-in-the-private forms of protection. I show that the Duty of Care does considerable political work. It contributes to decentering, commercializing, and depoliticizing protection. In so doing, the Duty of Care is justifying this specific form of protection, defining and extending its scope, and perpetuating it. The article makes this argument by drawing both on the legal discussion about the Duty of Care and on close observation of its presence in the Security and Counterterrorism Expo trade fair. It concludes that acknowledging the politics of the Duty of Care requires shifting the focus and divisions currently organizing debates about the regulation of commercial security as well as about managerialism in international law more generally.
摘要:本文探讨了正式法律安排在围绕混合的政治中的地位,将公众纳入本期特刊关注的私人权力形式。它通过分析一种特定的法律安排——注意义务——对围绕私人保护形式的公众的政治的意义来做到这一点。我表明,“注意义务”做了大量的政治工作。它有助于保护的分散化、商业化和非政治化。在这样做的过程中,注意义务正在为这种特定形式的保护辩护,定义和扩大其范围,并使其永久化。本文通过对注意义务的法律讨论以及对其在安全与反恐博览会上的存在的密切观察,提出了这一论点。它的结论是,承认注意义务的政治性需要转移目前组织的关于商业安全监管以及更广泛的国际法中的管理主义辩论的焦点和分歧。
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引用次数: 4
The Public and Its Problems: How the EU's Capital Market Union Defines the Bounds of Legitimate Knowledge and Redraws the Boundaries of (Public) Authority 公众及其问题:欧盟资本市场联盟如何界定合法知识的边界和重新划定(公共)权力的边界
Q3 Social Sciences Pub Date : 2018-06-12 DOI: 10.2979/INDJGLOLEGSTU.25.1.0157
T. Walter, O. Kessler
Abstract:Recent years have seen increasing theoretical and practical attempts to come to terms with the strains on public authority at the level of transnational regulation and governance. For the most part, these have followed what could be called a strategy of transposition, seeking to install functional equivalents to familiar forms of nation-state or Westphalian public authority. While useful for some analytical purposes, the validity of this strategy depends on the nature of public authority remaining unchanged: the same 'function' is now fulfilled by somebody else. In this article, we argue, in contrast, that the very form of public authority has changed. We propose to rethink authority in line with current social-theoretical and sociological insights into the ways in which the public presupposes, and public authority depends on prior forms of social order and coordination. We complement our theoretical argument about the consequences of failing to account for these entanglements between knowledge, expertise, and public authority with a short case study of the European Union's recent project of constructing a Capital Market Union in the Eurozone.
摘要:近年来,越来越多的理论和实践尝试来应对跨国监管和治理层面的公共权力压力。在大多数情况下,这些都遵循了所谓的换位策略,寻求在功能上与熟悉的民族国家或威斯特伐利亚公共权力形式等效。虽然这一策略对某些分析目的有用,但其有效性取决于公共权力的性质保持不变:同样的“职能”现在由其他人履行。相反,在这篇文章中,我们认为公共权力的形式已经发生了变化。我们建议根据当前社会理论和社会学对公众预设方式的见解,重新思考权威,而公共权威依赖于先前形式的社会秩序和协调。我们对欧盟最近在欧元区建立资本市场联盟的项目进行了简短的案例研究,以补充我们关于未能解释知识、专业知识和公共权威之间的这些纠缠的后果的理论论点。
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引用次数: 2
Efficiency or Power? The Rise of the Shareholder-oriented Joint Stock Corporation 效率还是动力?股东制股份公司的兴起
Q3 Social Sciences Pub Date : 2018-06-12 DOI: 10.2979/INDJGLOLEGSTU.25.1.0291
P. Ireland
Abstract:This paper explores the attempts to depict the global rise to dominance of the shareholder-oriented joint stock corporation as largely economically determined and to portray these corporations as fundamentally "private" in nature. By analyzing the economic nature of the joint stock companies (JSCs) that emerged in growing numbers in the nineteenth century, the historical construction of a corporate legal form to accommodate them, and the very different possible futures contained within their rise (one highly "financialized," the other increasingly "socialized"), the paper argues that special interests and power lie behind what is often dressed up as economic efficiency. Against this backdrop, the paper seeks to highlight the sharp contradiction between the continuing private appropriation of corporate surpluses and the increasingly social and transnational character of production and growing volume of public interventions, national and international, needed to protect rentier investors.
摘要:本文试图将以股东为导向的股份有限公司在全球的主导地位描述为在很大程度上由经济决定,并将这些公司描述为本质上的“私人”。通过分析19世纪出现的越来越多的股份公司(JSCs)的经济性质,适应它们的公司法律形式的历史构建,以及它们崛起中包含的非常不同的可能未来(一个高度“金融化”,另一个日益“社会化”),文章认为,经济效率的背后往往隐藏着特殊的利益和权力。在这种背景下,本文试图强调企业盈余的持续私人占用与生产的日益社会化和跨国性以及保护租房投资者所需的国家和国际公共干预数量不断增加之间的尖锐矛盾。
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引用次数: 9
The Japanese Impact on Global Drone Policy and Law: Why a Laggard United States and Other Nations Should Look to Japan in the Context of Drone Usage 日本对全球无人机政策和法律的影响:为什么落后的美国和其他国家应该在无人机使用的背景下关注日本
Q3 Social Sciences Pub Date : 2018-06-12 DOI: 10.2979/INDJGLOLEGSTU.25.1.0513
K. Sheets
Abstract:The global Unmanned Aircraft System, or unmanned aerial systems (UAS) revolution is poised to have an impact across a broad range of industries from agriculture to filmmaking. The United States has taken a difficult and slower path to implementing UAS policy, with Congress essentially mandating the Federal Aviation Administration (FAA) to take action in 2015. The FAA's 624-page rulebook marks the first attempt of any comprehensive plan to regulate remote-controlled and commercial aircraft activity. Across the globe, Japan, a country with a proven track record in electronics and technology, is outpacing other countries in devising regulations that will increase UAS use to benefit the nation's citizens. This paper argues that Japan's historical experience with unmanned aviation vehicles (UAVS), beginning mainly in the 1980s in the agricultural sector, allowed the Japanese government to coalesce more quickly in revising their civil aviation law than most developed countries. This note examines Japan's influence on UAS policy with the formation of regulations and adoption of new technology. More specifically, it looks at the United States as a case study as evidence of Japan's influence on other developed nations.
摘要:全球无人机系统或无人机系统(UAS)革命即将对从农业到电影制作的广泛行业产生影响。美国在实施无人机政策方面走了一条艰难而缓慢的道路,国会基本上要求联邦航空管理局(FAA)在2015年采取行动。美国联邦航空局624页的规则手册标志着首次尝试制定全面计划来规范遥控和商用飞机活动。在全球范围内,日本,一个在电子和技术方面有着良好记录的国家,正在制定法规,增加无人机的使用,以造福本国公民,超过其他国家。本文认为,日本在无人驾驶航空飞行器(UAVS)方面的历史经验,主要始于20世纪80年代的农业部门,使日本政府能够比大多数发达国家更快地联合起来修改其民用航空法。本文考察了日本在制定法规和采用新技术方面对无人机系统政策的影响。更具体地说,它把美国作为一个案例,作为日本对其他发达国家影响的证据。
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引用次数: 8
Private International Law's Shadow Contribution to the Question of Informal Transnational Authority 国际私法对非正式跨国权力问题的影子贡献
Q3 Social Sciences Pub Date : 2018-06-12 DOI: 10.2979/INDJGLOLEGSTU.25.1.0037
H. Watt
Abstract:This contribution attempts to approach informal transnational authority through the lens of critical private international law. It subscribes to the underlying idea within this volume, according to which the workings of the highly complex dynamic between the public and the private are cardinal to understanding contemporary global shifts in transnational authority, placing the rise of informal transnational authority at its epicenter. Expressions of private authority in the global arena take place outside formal legal discourse. Capital expanding beyond state boundaries has organized its own forms of authority, which arbitrate, enforce and legitimize new processes and structures beyond the state. To understand the ways in which this has taken place, the methodological dimensions of private international law, which have been central to these processes, require closer scrutiny.
摘要:这一贡献试图通过批判性国际私法的视角来处理非正式跨国权威。它赞同本卷中的基本观点,根据这一观点,公共和私人之间高度复杂的动态的运作对于理解当代跨国权威的全球转变至关重要,将非正式跨国权威的兴起置于其中心。私人权威在全球舞台上的表达发生在正式法律话语之外。资本在国家边界之外扩张,组织了自己的权力形式,对国家之外的新程序和结构进行仲裁、强制执行和合法化。为了了解这种情况的发生方式,国际私法的方法层面一直是这些过程的核心,需要更仔细地审查。
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引用次数: 1
Lawyers in Africa: Brokers of the State, Intermediaries of Globalization: A Case Study of the "Africa" Bar in Paris 非洲律师:国家的中间人,全球化的中间人——以巴黎“非洲”律师协会为例
Q3 Social Sciences Pub Date : 2018-06-01 DOI: 10.2979/INDJGLOLEGSTU.25.2.0639
Sara Dezalay
Abstract:Africa is the "Global Economy's Last Frontier"! Images of the African continent as a boon of mineral riches, and a new legal Far West pervade media and scholarly accounts. Yet, these images tend to reflect the protracted political and development dependency of African states, with lawyers involved in corporate dealings on the continent either denounced as mercenaries at the service of neo-colonial "looting" or idealized as missionaries of the rule of law. This article suggests a research strategy that moves away from these ideological and political accounts. It uses lawyers' trajectories and professional strategies as an entry-point to reglobalize the longue durée of the unequal and uneven connections between Africa and the world. The "Africa" Bar in Paris—the empirical focus of this article—emerges as a microcosm of such interconnected and enduring histories of globalization. Offshore, yet connected, this Bar is a "cross-roads" space across politics and economics, shaped by the legacies of the ties between Paris, the metropole, and its former African colonies, and ongoing waves of corporate legal globalization from the U.S. toward Europe and most recently the African continent.
摘要:非洲是“全球经济的最后边疆”!媒体和学术报道中充斥着非洲大陆矿产资源丰富的景象,以及一个新的合法的遥远西部。然而,这些图像往往反映了非洲国家对政治和发展的长期依赖,参与非洲大陆企业交易的律师要么被谴责为为新殖民主义“掠夺”服务的雇佣军,要么被理想化为法治的传教士。这篇文章提出了一种远离这些意识形态和政治账户的研究策略。它以律师的轨迹和职业策略为切入点,重新全球化非洲与世界之间不平等和不均衡的长期联系。巴黎的“非洲”酒吧——这篇文章的实证焦点——是全球化相互关联和持久历史的缩影。这家酒吧是一个跨越政治和经济的“十字路口”空间,在海外,但又相互连接,它是由大都市巴黎及其前非洲殖民地之间的关系遗产,以及从美国到欧洲以及最近的非洲大陆的企业法律全球化浪潮所塑造的。
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引用次数: 1
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Indiana Journal of Global Legal Studies
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