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Cyprus Offshore Hydrocarbons: Wealth Distribution and Regional Politics
The report analyzes the geopolitical tensions arising from natural gas discoveries in the Cyprus Exclusive Economic Zone (EEZ), particularly the conflict between the Republic of Cyprus (RoC) and Turkey. It explores how these resources could either catalyze a political settlement or exacerbate regional instability. Additionally, it provides a comparative analysis of wealth management, contrasting the 'resource curse' seen in Sudan with the successful 'Norwegian model' to offer guidance for Cyprus on avoiding economic pitfalls like 'Dutch disease'.
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Document type: Report
Investment Agreement of the Americas
The document warns against adopting a deregulatory investment model for the FTAA, citing the destabilizing effects of short-term speculative capital flows seen in the Asian and Mexican financial crises. It argues that broad definitions of investment and 'national treatment' provisions in NAFTA and the MAI would prohibit essential capital controls and 'speed bumps' used by countries like Chile and Colombia to maintain economic stability. Furthermore, the text contends that such rules threaten environmental protection by allowing corporations to sue governments for 'regulatory expropriation' and by banning performance requirements that mandate technology transfer to developing nations. The authors recommend that any hemispheric agreement must preserve the right of states to regulate currency convertibility, mandate technology transfer, and utilize transparent dispute resolution mechanisms that include civil society participation.
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Document type: Research paper