Este trabalho busca estudar a trajetória da economia portuguesa ao longo dos vinte anos de participação no Bloco Econômico Europeu, acompanhando as mudanças em sua estrutura e as consequências que o processo trouxe para o país como um todo. Desde o pedido de adesão de Portugal à Comunidade Econômica Europeia em 1977, até à assinatura do tratado em 1985, decorreram oito anos de negociações, assinaturas de acordos e declarações onde o país lentamente se adequou às exigências para que pudesse ser integrado ao bloco. A situação econômica do país se alterou significativamente nos vinte anos em que integra a Comunidade Europeia. Adicionalmente, a adesão à unificação da moeda, com a adoção do euro em 1994, implicou na aceitação de uma autoridade monetária única, retirando do Estado uma importante ferramenta de controle macroeconômico que passa a ser utilizada de modo supranacional. / This work aims to present a study on the history of the Portuguese economy over the twenty years of her participation in the European economic block, following the changes in its structure and the consequences that the process has brought to the country as a whole. Since the request of Portugal to join the European Economic Community in 1977 until the signing of the treaty in 1985, eight years of negotiations, agreements and declarations passed by, in which the country slowly adapted itself to the demands that could be integrated into the block. The country\'s economic situation has changed significantly in twenty years as it was incorporated to the European Community. Additionally, adherence to a unified currency, with the adoption of the euro in 1994, implied an acceptance of a single monetary authority, depriving the state of an important tool of macroeconomic management which is now used in a supranational level.

This thesis presents a comparative study of the aesthetics of three theatre initiatives from development settings: theatre company Nós do Morro in Brazil, multi-disciplinary arts centre Phare Ponleu Selpak in Cambodia, and non-profit organisation Movimiento Teatro Popular Sin Fronteras in Nicaragua. By focussing on how different judgements within the landscape of aesthetic and social worth meet, conflict or interact within the programmes, processes and outcomes of the three theatre organisations, this research articulates the different kinds of ‘values’ attached to the (at times) competing aesthetic criteria for practitioners, government bodies and national and international non-governmental organisations that have stakes in this work. The majority of the data in this research is qualitative, generated by interviews, stories about theatre practitioners’ experiences and my own observations of performances, workshops and rehearsals. After exploring the landscape of aesthetic and social worth across the three case studies, this research points out the many ways in which international economics and global governance – manifest in tax-reduced sponsorships by global corporations, funding decisions of international interveners and cultural policies of national governments – participate and intrude into both the aesthetic and social constructions of applied theatre’s artistic value, therefore framing its aesthetic sphere. The global pressure coming from the United Nations and the international humanitarian community seeking to shape applied theatre companies and make them respond to certain dynamics serves neither art nor community. This also makes it very difficult to locate an aesthetic of applied theatre in a way that is ‘traditional’ in discussions of aesthetics (through definition of the art ‘product’ alone, via reference to ideas of beauty, affect and the senses). This study therefore found a way of understanding the impact of economic and international actors on applied theatre using Appadurai’s concept of the ethnoscape (1991), which offers a theoretical and analytical framework for investigating the determining factors of the aesthetics of applied theatre, and the aesthetic discourses surrounding applied theatre in development settings. I argue that applied theatre practices globally are becoming too uniform: global forms taken by transnational institutions are starting to evolve in new directions. We need to attentively investigate what the level of resistance of applied theatre companies can be. Although each art organisation is trying to find a place for applied theatre in the ‘new’ world, the theatre companies can hopefully resist the pressure to become the same kind of company, living in a state partially organised according to international agendas. As a result, this research proposes a more politicised, historicised kind of practice, teaching and mentoring around these questions. This will support applied theatre practitioners in finding their way in the new global world.

<p>  </p> <p>This dissertation is composed of three independent chapters in the field of the economic geography and international trade. However, there is one uniting theme between all three chapters: geographic spillovers. In each chapter, a source of geographic spillovers that is relevant to policymakers is investigated. Further, each chapter addresses a theoretical or data-driven challenge to identifying these spillovers and implements an improved methodology for estimation. In particular, the first chapter studies agglomeration and congestion spillovers, the impact of employment density on the productivity of workers and the amenities associated with living in a location, respectively, by using variation from a natural experiment. The second chapter studies fiscal multipliers, the effect of government spending on economic activity, by using variation from the same natural experiment. Finally, the third chapter studies import spillovers, the impact of neighboring firms' experience sourcing from foreign markets on the likelihood that firms in the same location and industry enter into those same markets, by using detailed data on Serbian firms.</p> <p><br></p> <p>In the first chapter, <em>Agglomeration and Congestion Spillovers: Evidence from Base Realignment and Closure</em>, I quantify agglomeration and congestion spillovers using variation from a natural experiment by instrumenting for changes in local employment with proposed changes to civilian employment at military installations through the Base Realignment and Closure (BRAC) process. I find an agglomeration spillover elasticity consistent with the existing literature. However, my estimate of the congestion spillover elasticity is smaller in magnitude than common parameterizations of quantitative economic geography models. All else equal, with a weaker congestion spillover elasticity, more of the distribution of economic activity across space is due to natural advantages and disadvantages. This result implies smaller gains from implementing the optimal spatial policy. </p> <p><br></p> <p>In the second chapter, <em>Local Fiscal Multipliers and Defense Spending</em>, I estimate county-level fiscal multipliers using shocks to military employment to instrument for local defense spending. Aggregate shocks to military employment are subject to the Base Realignment and Closure process, which is designed to isolate the recommendations of the Department of Defense from political influences. By exploiting variation in military employment, I address the endogeneity of government spending when using changes in defense spending to estimate fiscal multipliers. In addition, this method addresses the attenuation bias due to geographic measurement error that results from using data on military contracts alone with small geographic units. This extends the common method for estimating state- and national-level fiscal multipliers using variation in defense spending to more local geographic units. My estimates imply a local income multiplier between 0.5 and 0.8, which is smaller than existing estimates that use non-defense-based sources of variation, but larger than the existing estimates based on variation in defense contract spending. </p> <p><br></p> <p>In the third chapter, <em>International Sourcing and Firm Learning: Evidence from Serbian Firms</em>, we find that compared to non-importers, importers are more productive and pay higher wages as they source better quality and cheaper production inputs. However, little is known about how these firms learn about their sourcing markets. We quantify the impact of neighboring firms' importing experience on the decision to start sourcing inputs from new markets using merged customs and administrative data from Serbian firms. We find that firms are more likely to start importing from a new market if firms in the same industry and location have imported from that market and if those firms increased their imports over time. Further, our results support a distinction between imports and exports for the decision to enter foreign markets; unlike exports, import sourcing choices are not independent across countries, but are substitutes. We also investigate origin-country and firm heterogeneity. Our results indicate that the impact of neighboring firms' importing experience is greater for source countries in the European Union market and for firms that are high productivity, foreign owned, and previous importers. Together, these findings suggest that a firm's spatial connections are an important factor in its access to global markets as sources for inputs.</p>

The purpose of this thesis is to explore corruption in Brazil, how it has endured for so such a long period, and the effects it has in the country. Understanding the history of Brazil, how the government was established, and how the branches operate is crucial to comprehend the rooting causes of the Brazilian corruption. The focus is not just about what corruption is and the effects it has on education, economy, and infrastructure, but also on the factors that contributed to its expansion and the circumstances that allowed it to sustain until today. Brazil is a country known for its natural beauty, great food, inviting people, but also for the never-ending problems with corruption. Unfortunately, corruption has been part of Brazil's history since the beginning of its colony, and it has been hard to remove it from its culture since then. The country has been affected by corruption for centuries, especially on economy and development, and it is one of the main reasons Brazil has been stagnated compared to other developing states. Lack of money or natural resources are not a problem preventing the country from being a major power, but rather the extensive practice of corruption in politics and the socially accepted mentality of being corrupt. The cultural factor is a huge problem in Brazil and it is major problem adding to the expansion of corruption. Brazil not only needs a political reform, but also a culture reform to have positive changes in the government, otherwise everything will continue to be the same or even worse.

This thesis investigates and problematizes the notion of development in the context of the EU-ACP EPA agreements with a particular focus on Kenya. Official statements, documents, empirical observation and qualitative interviews conducted in Nairobi and Kagwe, Kenya in April of 2009 provide empirical data. Applying the concepts of international trade theory, capacity developments complex adaptive systems approach and supplementing these concepts with an underlying thread of axiology, this paper seeks to explore the drastically divided and widely differing definitions of the situation, world views and casual beliefs in viewing the EPA development tool for what it is vs. what it means. By problematizing the notion of development, the findings suggest that it seems as though much of the dissonance between what constitutes development, what the ‘problem’ is, why it exists, and what the ‘solution’ is, is the result of a clash between theoretical models and the informal concepts of how things get done in a particular context. Thus, it is difficult seeing the EPAs functioning as a tool for a form of development that would suit the values, norms, and voices involved in conceptualizing development.

Germany’s position of power within the European Union disguises how impacted the German economy was by the 2008 Financial Crisis and Europe’s subsequent Sovereign Debt Crisis. Two of Germany’s major banks-Commerzbank and Bayerische Landesbank- suffered major losses and required emergency liquidity assistance (ELA) to survive. Walter Bagehot wrote the theory underpinning lenders of last resort (LLRs) in 1873 but how has the development of systemically important banks affected the usefulness of Bagehot’s theory? This paper aims to explain why Germany is in need of updated LLR recommendations through an analysis of the ELA Germany at large, Commerzbank and Bayerische Landesbank received. It also aims to empirically prove the stigma and public distrust of ELA through a regression of Commerzbank’s daily stock returns using an augmented Fama/French model. I find that Bagehot’s theory and recommendations are out of date for our current global financial sector. I cannot empirically prove any stigma or public distrust of Commerzbank, there is no relationship between Commerzbank stock returns and the augmented Fama/French factors.

This paper uses historical and economic references to evaluate the economic value of learning English in Spain. Seeing that English is the lingua franca in politics, business, and technology, it is a necessary skill for Spanish citizens to possess in order to efficiently interact in foreign relations of all kinds. Due to Franco’s harsh language policies, and Spain’s ineffective education system, Spain has lacked the same linguistic exposure to foreign languages—especially English—than the rest of Europe. By referencing the previous literature written about the relationship between language and earnings, this paper seeks to find the economic incentive for Spaniards to learn English. The six issues introduced by language economist, Francois Grin, provide an economic, cultural, and social compass to evaluate the overall impact English language learning would have on the Spanish labor market and national economy. The six issues analyze the relevance language has on economic processes, human capital, social investments, policies, wage distribution, and the general market. With tourism as Spain’s most lucrative business sector, better skills in English communication would only add to its economic success. While the Spanish government has named English as one of the seven basic skills within the labor market, effective teaching programs still have to be developed.

Foreign aid donors increasingly demand that aid is used efficiently and effectively. This study examines the effect of corruption levels, measured by the Corruption Perceptions Index, within a recipient country on the levels of economic growth. A growing literature outlines the mechanisms through which corruption impedes economic growth and is summarized within. Additionally, as longevity gains may result from foreign aid but are not captured in economic growth, this study computes a variable called the Life Quality Indicator (LQI) that combines such gains with economic growth and examines corruption’s effect on LQI growth. As any windfall, foreign aid has been argued to exacerbate problems within corrupt countries—causing economic decline. This study develops an interaction of corruption levels and the ratio of aid receipts to GDP to examine the effects of this interaction on economic growth and LQI growth. Conducting a regression analysis shows the relationships between the interaction term and economic growth and the interaction term and LQI growth are negative, leading to policy recommendations that corrupt countries not receive foreign aid. Using game theory, this study predicts the outcomes of interactions between aid recipients and donors during the Cold War, post-Cold War, and in the present. The present predicted outcomes suggest that recipients will be the winners because they are able to choose between receiving aid from emerging donors and from the Development Assistant Committee (DAC). Policy guidance to the aid community includes understanding that emerging donors may exert influence on aid recipients and programs to monitor this influence ensuring that it does not become exploitation may be necessary. Finally, a case study of Russia is presented, highlighting its corruption and foreign aid receipts in the post-Soviet timeframe. A separate analysis is conducted on the Former Soviet Union (FSU) countries to determine whether Russia’s corruption and foreign aid receipts caused lower levels of economic and LQI growth than that experienced by other FSU countries. While results do not show this, the negative relationship between the interaction term and economic and LQI growth is also found in this subset.

In July 2014, Argentina entered selective default, even as the country remained financially solvent. The default stemmed not from economic woes, but rather from protracted international litigation between Argentina and a group of hedge funds who, for years, refused to negotiate with Argentina over their bond holdings in the wake of the country’s first default in 2001. These holdouts stalled negotiations and locked Argentina out of international credit markets, damaging the country’s economy and financially harming other creditors and Argentinian citizens alike. Argentina ended up in such a dilemma because of the current sovereign debt restructuring process. No international arbitrator of sovereign debt currently exists. Instead, a country must negotiate with creditors on an ad-hoc basis, gathering support from 100% of creditors before it can restructure its debt and reenter international credit markets, an extremely inefficient system. This paper will assess the current system of sovereign default renegotiations, identifying inefficiencies in the current system, reviewing past proposals for improvements to the system, and ultimately proposing an international arbitrator for default negotiations. This text uses the development of the US Federal Municipal Bankruptcy Act of 1934 as a guide for an international bankruptcy court. Prior to the passage of the law, municipalities faced many of the same challenges faced by defaulted nations today, including powerful holdouts and a lack of structure in the negotiation system. Given the similarities between the two cases, the Federal Municipal Bankruptcy Act serves as an ideal framework for sovereign default arbitration internationally.

Despite their natural resources, the countries of the Gulf Cooperation Council (Kuwait, the United Arab Emirates, Saudi Arabia, Bahrain, Qatar, and Oman) have failed to live up to their economic potential, primarily due to their dependence on a revenue source with volatile prices and political significance in an unstable region. This thesis argues that the best way to convert oil wealth into consistent long term growth is through diversification, both by investing in foreign assets and by growing domestic sectors that are independent from oil and gas prices. The research further investigates the primary tool these countries have used to do so – sovereign wealth funds – and how their implementation and structures have impacted their effectiveness in achieving economic diversification and growth.