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The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Imperfect Partners is a unique hybrid – part memoir, part foreign policy study of U.S. relations with Southeast Asia, a critically important region that has become the central arena in the global U.S.-China competition. From the People Power revolt in the Philippines to the opening of diplomatic relations with Vietnam, from building a partnership with newly democratic Indonesia to responding to genocide in Myanmar and coups in Thailand, Scot Marciel was present and involved. His direct involvement and deep knowledge of the region, along with his extensive policymaking work in Washington, allows him to bring to life the complexities and realities of key events and U.S. responses, along with rare insights into U.S. foreign policy decisionmaking and the work of American diplomats in the field.
Infrastructure—electricity, telecommunications, roads, water, and sanitation—are central to people’s lives. Without it, they cannot make a living, stay healthy, and maintain a good quality of life. Access to basic infrastructure is also a key driver of economic development. This report lays out a framework for understanding infrastructure resilience - the ability of infrastructure systems to function and meet users’ needs during and after a natural hazard. It focuses on four infrastructure systems that are essential to economic activity and people’s well-being: power systems, including the generation, transmission, and distribution of electricity; water and sanitation—especially water utilities; transport systems—multiple modes such as road, rail, waterway, and airports, and multiple scales, including urban transit and rural access; and telecommunications, including telephone and Internet connections.
This book examines the recycling infrastructure in Phnom Penh, Cambodia. It considers the circular flows of waste and practices through ‘infracycles’, maintenance practices that tinker with the social and capitalist order, and postcolonial ways of doing politics that co-constitute predominant waste fantasies from which naturecultures ooze out, shaping urban life in their own way. In this context, socially marginalized waste pickers contest the capitalist system by creating tropes about freedom, labor autonomy, and the will to survive. In this regard, they are also meddling about a new social order that represents the fine line Cambodia is sashaying between tradition and modernity. Waste fantasies that are a result of environmental problematizations, however, perpetuate postcolonial ways of doing politics by exuding notions of waste as detached from its sociocultural context. But ultimately, waste slips through the cracks of these dominant imaginaries and global waste reduction models enacting new versions of what waste and the city is, providing opportunities for another future waste policy. This book is a unique contribution to the field of infrastructure studies emphasizing the importance of perceiving infrastructure as circular in smaller ‘infracycles’, rather than linear. It will be of interest to researchers in the field of environmental anthropology, science and technology studies, urban studies, and Southeast Asian studies. The Introduction of this book is available for free in PDF format as Open Access from the individual product page at www.routledge.com. It has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license