Solving South Africa’s Youth Unemployment Problem: Expand Small Business in the Education Sector

Posted on October 29, 2021 by admin

Journal of Political Risk, Vol. 9, No. 10, October 2021

South Africans and supporters gather outside the South African High Commission in London to support students and protest against police violence. Rachel Megawhat.

Stephanie Wild
University of Cape Town

The problem of youth unemployment has grown in South Africa for years, but now with the global economy having taken an all-time dip, it has emerged even further at the forefront of South Africans’ minds. Policy geared to expand small business creation in the education sector would be a two-for-one win that keeps on giving.

The crux of the problem

According to Stats SA (2021), in the first quarter of 2021, the official unemployment rate was reported as an astonishingly-high 32.6%. While the number of employed and unemployed South Africans remained rather unchanged from the last quarter of 2020, the number of discouraged work-seekers increased by nearly 7% (Stats SA, 2021). This means that the problem has not necessarily worsened between 2020 and this year. However, it persists and reveals a failure to both ameliorate the problem, and a failure to boost morale that results from the problem. Continue reading →

US Trade Leverage Against China: An Interview with the Coalition for a Prosperous America

Posted on October 7, 2021 by admin

Journal of Political Risk, Vol. 9, No. 10, October 2021

The image depicts two Maersk-Sealand 40' containers stacked on top of one another. Train tracks are visible in the background.

China Shipping – Maersk-Sealand 40′ Containers, Quebec, Canada, 2018. Source: Wikimedia.

Anders Corr, Ph.D.
Publisher of the Journal of Political Risk

This interview with Michael Stumo, the CEO of the Coalition for a Prosperous America, was conducted between October 5-6 via email.

Corr: Why and when did the Coalition for a Prosperous America begin?

Stumo: CPA started in 2008. Domestic manufacturers, farmers, ranchers and workers agreed that the biggest threat to their well being, and that of the economy, was the large, persistent US trade deficit.

Corr: How is Biden’s ally focus going for him on the issue of trade with China? Is Biden’s outreach to allies helping him on this issue?

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Is The Persecution Of Falun Gong In China Tantamount To Genocide?

Posted on September 28, 2021 by admin

Journal of Political Risk, Vol. 9, No. 9, September 2021

A yellow destruction vehicle is depicted destroying personal possessions. A small crowd watches from the side.

Destruction of Falun Gong books during the 1999 China crackdown. Wikimedia/ClearWisdom

Helen Hintjens, Ph.D.
International Institute of Social Studies in The Hague

“Genocide is a crime for which there has to be proof of a particular hostile state of mind in an individual or in a government body towards a group that qualifies under the Genocide Convention’s or the ICC Statute’s limited set of groups against whom genocide can be committed”.[1]

Since at least 2000, at the behest of Jiang Zemin, President of the PRC from 1993 to 2003, Falun Gong have been labelled a ‘heretical (or deviated) religion’, and its members systematically persecuted through a covert ‘6-10 Office’ group of Chinese government security officers.

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Third Party Monitors in CFIUS National Security Mitigation Agreements — How to Do it Right

Posted on July 21, 2021 by admin

Journal of Political Risk, Vol. 9, No. 7, July 2021

The graph depicts the number of covered transactions with mitigation measures. The graph depicts an upward trend between 2009 and 2019.

Figure 1. Source: CFIUS Annual Reports to Congress; Ankura Analysis

Randall Cook
Senior Managing Director at Ankura

Alan Levesque
Senior Managing Director at Ankura

Waqas Shahid
Senior Managing Director at Ankura

Overview

This paper describes the role, value proposition, and optimal approach of the independent Third Party Monitor (“TPM”) in National Security Agreements (“NSAs”) between transaction parties and the Committee on Foreign Investment in the United States (“CFIUS”).^[1] When effectively scoped and executed, TPMs provide tailored, adaptive mitigation oversight capabilities that are a critical enabler for the dual imperatives of protecting U.S. national security interests and ensuring that U.S. enterprise and innovation continue to have access to the fuel of global capital. The TPMs persistent presence, programmatic monitoring, and deployment of industry-specific technical expertise, among other capabilities, uniquely facilitate verified, real-time, and efficient operationalization of NSA requirements; CFIUS assurance that foreign investment risks to U.S. national security are effectively and proactively mitigated; and transaction parties’ ability to operate a business that is both successful and NSA-compliant. An effective TPM approach is necessarily collaborative and adaptive, enabling a trust-based environment where all NSA stakeholder goals can be achieved through iterative, practical interaction and improvement. Continue reading →

Bangladesh’s Economic Rise and the Geo-political Implications

Posted on July 2, 2021 by admin

Journal of Political Risk, Vol. 9, No. 7, July 2021

The image depicts buildings of Dhaka in Bangladesh from above at night. The city is illuminated by the city lights and the moon through the clouds.

Dhaka, Bangladesh, in November 2007. Md. Ziaul Hoque.

Tridivesh Singh Maini
Jindal School of International Affairs,OP Jindal Global University, Sonipat

In recent years, Bangladesh has exhibited healthy growth rates and emerged as an engine of South Asian growth. In 2019 for instance, the South Asian nation grew at an impressive 8.4%. The country witnessed a 9% rise in per capita income for the year 2020-2021 (its per capita income was estimated at 2 ,227 USD, and it surpassed India’s GDP per capita during 2020-2021 which was 1,947 USD).

The World Bank has revised Bangladesh’s GDP growth for 2020-2021, as a result of higher than expected remittance flows (while earlier it had predicted that the South Asian nation’s GDP would grow by 1.7% it has revised estimates to 3.6%). The International Monetary Fund’s forecasts for the South Asian nation’s economic growth are higher. “According to IMF, [the] global economy will grow by 6.0% in real term[s] in 2021 and 4.4% in 2022. Whereas, their forecast for Bangladesh is 5.0% in 2021 and 7.5% in 2022,” said the minister.

Continue reading →