JOURNAL ARTICLEHani Albasoos · Hanan Hanan Al-Hadhrami
International Journal of Research in Business and Social Science · 2016
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For more than a decade, China has a policy of managing its currency exchange rate (RMB) to limit its appreciation against other currencies like U.S dollar. This policy has been subjected to many criticisms from United States’ lawmakers as currency manipulation. The U.S. argues that China is gaining an advantage of export and attracting direct foreign investment at the expense of other countries including the United State. The claim also has included that China’s manipulation causes U.S. trade deficit as well as high rate of unemployment. Meanwhile, China’s policy makers argue that its policy of exchange rate is a mechanism tool to enhance the development of the country and attaining market growth to make China rich and powerful. This research paper underlines the root of this argument and how china’s currency policy has affected both economics of U.S. and China. Many economists have emphasized on the appreciation of RMB as an important factor to attain the trade balance. However, this research argues that the appreciation is not going to matter. Pressure has been put on Obama’s Administration to push China to appreciate its currency and to designate China as a "currency manipulator". Several Bills have been introduced to discuss this issue.From a legal perspective, two entities could tackle this issue. They are the World Trade Organization (WTO) and the International Monetary Fund (IMF). However, IMF lack legitimacy and leverage and WTO has no jurisdiction over the exchange rate. So, none of these entities could handle the currency issue. Therefore, this paper analyzes some possible solutions such as Omnibus Act, tariffs, import quotas and forming new legislation. Where, it concludes that the best solution could be via forming a new international agency.
DOI 10.20525/ijrbs.v5i6.5750 Crossref citations1 OpenAlex citations
JOURNAL ARTICLEHani Albasoos
International Journal of Research in Business and Social Science · 2016
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Palestinian society is geographically separated and politically fragmented. This is attributed to partisan affiliation and alignment, absence of conceptual and professional framework of civil society, unethical approach of Palestinian political leaders, and unconstitutional political institutions. Such polarization and division have created political antagonism within elites and between factions. The broad objective of this research is to investigate the legitimacy crisis in Palestine, the current political dilemma in the Palestinian Authority, and the public response to the situation. The research introduces direct and thorough understanding of the developing political context surrounding these issues; taking into consideration that growing deficit in legitimacy could create potentially dire consequences, particularly if present trends on the ground continue. The research promotes an analytical perspective based on legitimacy theory and exploring recent public opinion polls.
DOI 10.20525/ijrbs.v5i3.2460 Crossref citations0 OpenAlex citations
JOURNAL ARTICLECuneyt M Yenigun
International Journal of Research in Business and Social Science · 2016
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The United Nations (UN), despite some successful stories, has largely failed to safeguard international peace and security, particularly in the Middle East since its establishment. The UN’s inability to effectively resolve international conflicts is due to the Security Council (UNSC)’s decision making-process. The power to block any initiatives that do not fit the interest of any of the five permanent members (P5: US, UK, France, Russia, China) have impeded the UN’s ability to take effectively take actions where it is needed in safeguarding security in the Middle East. The nature of the veto power no longer reflects the reality of the 21st century; the UN is frozen in the context of the post-Second World War era and has failed to evolve with the international community. Double standards in the International Court of Justice's decrees and infirmity of purpose of the UNSC overshadow the legitimacy of the organization, jeopardizing its security mission, and clashes with the democratic values in world public opinion. The UN should change to earn legitimacy and efficiency of preserving international peace and security by amending decision making system in the UNSC or changing decision-making organ within the UN. The Secretary General’s diplomatic activism and attempts to fill the gap left by the P5 infightings could not succeed because of the resistance of the UNSC’s permanent members to change and lack of integrity among the other states. To ensure democratic transformation of the UN today, all states, NGOs and think tanks should work together. This study discusses the system's current shortcomings and suggests some alternative paths for the effective transformation of the UN as a supranational security institution.
DOI 10.20525/ijrbs.v5i1.2450 Crossref citations1 OpenAlex citations