Suchergebnisse

Martha Nussbaum's latest works attempt to give a version of the capability approach that could be consistent with rawlsian political liberalism. The main purpose of this article is to show that this connection is flawed because, first, the deep moral disagreement among citizens are dissolved by a petitio principii and, in second term, because political stability is not enough sustained. Adapted from the source document.

In its first part, the article provides the historical context for the adoption of the Treaty on Stability. Acknowledging the political irreversibility of its endorsement, it assesses the problems posed by a number of its clauses, namely in juridical interpretation. In the second half, an evaluation is carried out of the political inability the EU has shown in overcoming the Eurozone crisis. To this purpose, a series of measures are pointed out that have been identified as feasible ways of ensuring the democratic legitimacy of a future economic governance of the Euro. Adapted from the source document.

The Portuguese successful superation of the current crisis depends on its decisions but also on the financial stabilization of the euro area and how the European Union continues to address it. The economic, political, and institutional roots of this crisis can be found nor only within the most affected countries but also in the construct and in the political management of the euro area as a whole. Despite the Portuguese structural problems and imbalances the contagion effects are obvious from the crisis timeline. Stopping contagion and preserving the stability of the whole area is the Union's most pressing objective. Adapted from the source document.

Brazil lives a particular moment of political and economic stability, seldom seen in its history, resulting from a process initiated with the democratization of the country. This article analyses how Lula and the PT after gaining power implemented their agenda of economic and social transformation. It argues that the reflexes of these practices allowed foreign policy to, in several instances, compensate for the fragilities of the PT's strategy, serving as its ideological counterweight. Adapted from the source document.

We have analyzed the political legitimacy of democracy in Latin America with Latinobarometro's data, which is a survey about attitudes and values that has been applied annually since 1996 in 18 countries of the region, in two axes: one methodological and the other theoretical. On the one hand, we contribute to the empirical validation of the concept and its differents operationalizations, while aligning our results to the wider debate. And, in the theoretical field, our results allow us to broaden the debate on the relationship between legitimacy and democratic stability.

Recent integration efforts have been hampered by the inconsistency of macroeconomic policies. In this paper a model of shared sovereignty is discussed. Special emphasis is given to the exchange rate as a means to achieve macroeconomic stability

The end of the Cold War liberated China & the European Union from the constraints of the bipolar competition & created the conditions for the strategic convergence of the two sides, which was consolidated by China's external openness & internal reforms. This trend is codified in numerous documents offering an official evaluation of the importance of bilateral relations between the European Union & China. None the less there still are many conflicts & divergences which demand a closer reciprocal understanding. The European Union should be more tolerant with the pace of political reforms in China & understand better the great importance of the Taiwan issue, & China should recognize the complexity of European foreign policy & understand the European concerns over Eastern Asia's strategic stability. Adapted from the source document.

The paper introduces a 2x2 taxonomy of exchange rate regimes in terms of convertibility restrictions (yes or no) and the form of price determination (floating versus managed exchange rates). It is argued that the convertibility is an important signal to private agents. Free convertibility in presence of fixed exchange rates reinforces the credibility of the peg; the presence of restrictions to convertibility in face of floating exchange rates reveals lack of confidence of Central Bank on the stability of the monetary standard. The former was the case of Argentina before the demise of the Cavallo plan; the latter is the case of Brazil today. The consolidation of monetary stability in present circumstances requires a sustained fiscal effort; a pre-announced process of gradual lifting of convertibility restrictions, however, may somehow alleviate such effort, thereby rendering it politically feasible. (Rev Econ Polít/DÜI)