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About the talk:

Are property rights obtained through dubious means forever tainted with original sin or can rightholders make their ill-gotten gains legitimate by doing good works? Using an experiment embedded in a survey of 1600 residents of conducted in Russia in October 2006, I find that the original sin of an illegal privatization is difficult to expunge, but that businesspeople can improve the legitimacy of property rights by doing good works, such as providing public goods.

About the speaker:

Timothy Frye is a Professor of Political Science at Columbia University. His research and teaching interests are in comparative politics and political economy with a focus on the former Soviet Union and Eastern Europe. He is the author of Brokers and Bureaucrats: Building Markets in Russia, (Michigan Press 2000), which won the 2001 Hewett Prize from the American Association for the Advancement of Slavic Studies. He has published articles on property rights, the rule of law, protection rackets, economic reform, presidential power, and trade liberalization. Current projects include a book manuscript on the politics of economic reform in 25 postcommunist countries from 1990-2002 and articles on property rights and the rule of law drawing on surveys of business elites and the mass public in Russia.

Timothy Frye received his Ph.D. in political science from Columbia University in 1997. He has an MIA degree from the School of International and Public Affairs at Columbia University, and a BA in Russian language and literature from Middlebury College.

This event is co-sponsored by the Center for Russian, East European and Eurasian Studies (CREES), under Title VI of the Department of Education.

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Timothy Frye Professor of Political Science Speaker Columbia University
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Robert R. Amsterdam, founding partner of the international law firm Amsterdam & Peroff, is counsel to the former Yukos head and political prisoner Mikhail Khodorkovsky. For more than 25 years, Mr. Amsterdam has represented corporations and investors in a variety of emerging markets lacking in rule of law, such as Russia, Nigeria, Venezuela, and Guatemala, overseeing complex commercial litigation and advising on political risk. He has delivered speeches before the Carnegie Endowment, the Cato Institute, Georgetown University, University College London, and Chatham House. He has published numerous opinion articles on energy politics and law in the Wall Street Journal, International Herald Tribune, the National Law Journal, the Guardian, and the Independent, among other media. Mr. Amsterdam maintains a blog at www.robertamsterdam.com and is working on a forthcoming book.

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Robert Amsterdam Speaker
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Political Science has very few "accepted truths." One of the most prominent is the claim that countries endowed with natural resources, particularly mineral wealth, are doomed to suffer from poor economic performance, unbalanced growth, weak states, and authoritarian regimes - often referred to as the "resource curse." This claim, however, is not without its critics. In recent years, a few scholars have contended that the resource curse is essentially a myth. Rather, the main culprit is the absence of viable political, economic, and social institutions, such as secure property rights and an effective bureaucracy. Yet, their emphasis on the importance of strong institutions is entirely consistent with the conventional wisdom that they are challenging. The main point of departure between these two bodies of literature is whether weak institutions are endogenous to resource wealth, and thus, inevitable in mineral rich states, or exogenous, and thus, can account for the variation in performance across these states. The experience of the Soviet successor states, which consist of both mineral rich and mineral poor countries, provides a unique opportunity to assess the relationship between mineral wealth and institutional capacity, and, in doing so, to consider whether there is in fact a resource curse.

About the speaker:

Pauline Jones Luong is an Associate Professor in the Department of Political Science at Brown University. She received her Ph.D. from Harvard University in 1998 and was an Academy Scholar at the Harvard Academy for International and Area Studies from 1998-1999 and 2001-2002. Her primary research interests include: the rise and impact on emerging institutions; identity and conflict; and the political economy of market reform. Her area of focus is the former Soviet Union, particularly the Russian Federation and the newly independent Central Asian states (Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, and Turkmenistan). She has published a number of articles and books. Her books include Institutional Change and Political Continuity in Post-Soviet Central Asia: Power, Perceptions, and Pacts (Cambridge University Press, 2002) and an edited volume entitled The Transformation of Central Asia: States and Societies from Soviet Rule to Independence (Cornell University Press, 2003)

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Pauline Jones Luong Associate Professor of Political Science Speaker Brown University
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Professor Dittmer received his Ph.D. from the University of Chicago in 1971. His scholarly expertise is the study of contemporary China. He teaches courses on contemporary China, Northeast Asia, and the Pacific Rim.

His current research interests include a study of the impact of reform on Chinese communist authority, a survey of patterns of informal politics in East Asia, and a project on the China-Taiwan-US triangle in the context of East Asian regional politics. Professor Dittmer's recently published books and monographs include Sino-Soviet Normalization and Its International Implications (University of Washington Press, 1992), China's Quest for National Identity (with Samuel Kim, Cornell University Press, 1993), China Under Modernization (Westview Press, 1994), and South Asia's Nuclear Crisis (M. E. Sharpe, 2005.)

Dr. Dittmer's talk is the second seminar of the winter quarter South Asia Colloquium Series.

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Lowell Dittmer Professor, Political Science Speaker University of California, Berkeley
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Andrew Bennett is a professor of government at Georgetown University. He is the co-author, with Alexander George, of Case Studies and Theory Development in the Social Sciences (MIT, 2005), and the author of Condemned to Repetition? The Rise, Fall, and Reprise of Soviet-Russian Military Interventionism 1973-1996 (MIT Press, 1999). Bennett served as a Council on Foreign Relations fellow at the Department of Defense in 1994-1995, and is a former fellow at the Center for International Security and Arms Control at Stanford University and the Center for Science and International Affairs at Harvard University.

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Andrew Bennett Professor, Department of Government Speaker Georgetown University
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On Dec. 7, 2006, Georgian Prime Minister Zurab Noghaideli met with FSI scholars and students and reported on his administration's reforms, negotiations with the breakaway provinces of Abkhazia and South Ossetia, whether Georgia sought NATO membership, and energy security vis-à-vis Russia. Noghaideli, who became prime minister of the Republic of Georgia in February 2005, was considered a member of a team of young reformists headed by Zurab Zhvania and Mikheil Saakashvili in the years leading up to the Rose Revolution. He also discussed Russian sanctions on Georgian exports, and was optimistic about Georgia's ability to adapt to and rebound from such constraints. As an example he pointed to the success of a recent advertising campaign in neighboring Ukraine, in which billboards advertise, "Promote democracy. Drink Georgian wine."
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Capital account liberalization was once seen as an inevitable step along the path to economic development for poor countries. Liberalizing the capital account, it was said, would permit financial resources to flow from capital-abundant countries, where expected returns were low, to capital-scarce countries, where expected returns were high. The flow of resources into the liberalizing countries would reduce their cost of capital, increase investment, and raise output (Fischer, 1998; Summers, 2000). The principal policy question was not whether to liberalize the capital account, but when - before or after undertaking macroeconomic reforms such as inflation stabilization and trade liberalization (McKinnon, 1991). Or so the story went.

In recent years intellectual opinion has moved against liberalization. Financial crises in Asia, Russia and Latin America have shifted the focus of the conversation from when countries should liberalize to if they should do so at all. Opponents of the process argue that capital account liberalization does not generate greater efficiency. Instead, liberalization invites speculative hot money flows and increases the likelihood of financial crises with no discernible positive effects on investment, output, or any other real variable with nontrivial welfare implications (Bhagwhati, 1998; Rodrik, 1998; Stiglitz 2002).

While opinions about capital account liberalization are abundant, facts are relatively scarce. This paper tries to increase the ratio of facts to opinions. In the late 1980s and early 1990s a number of developing countries liberalized their stock markets, opening them to foreign investors for the first time. These liberalizations constitute discrete changes in the degree of capital account openness, which allow for a positive empirical description of the cost of capital, investment, and growth during liberalization episodes.

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CDDRL Working Papers
Authors
Peter Blair Henry
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The third volume of The Cambridge History of Russia provides an authoritative political, intellectual, social and cultural history of the trials and triumphs of Russia and the Soviet Union during the twentieth century. It encompasses not only the ethnically Russian part of the country but also the non-Russian peoples of the tsarist and Soviet multinational states and of the post-Soviet republics. Beginning with the revolutions of the early twentieth century, chapters move through the 1920s to the Stalinist 1930s, World War II, the post-Stalin years and the decline and collapse of the USSR. The contributors attempt to go beyond the divisions that marred the historiography of the USSR during the Cold War to look for new syntheses and understandings. The volume is also the first major undertaking by historians and political scientists to use the new primary and archival sources that have become available since the break-up of the USSR.

  • Major new history of Russia in the twentieth century, using for the first time the new primary and archival sources that have become available since the breakup of the USSR
  • The approach is both chronological and thematical, dealing with large trends such as the transformation of the peasantry, urbanization, and the non-Russian peoples
  • Third volume in the new three-volume Cambridge History of Russia
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Cambridge University Press in "The Cambridge History of Russia, Vol. III", Ronald Grigor Suny, ed.
Authors
Michael A. McFaul
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