The Philippines has been beefing up its military significantly amid tensions with China in the South China Sea. President Benigno Aquino Jr. has just announced that PHP25Bn (USD522Mn) will be earmarked for the 2016 Philippine defense budget. This marks a single year record investment on military modernization and the national defense budget. Budget Secretary of the Philippines, Florencio Abad, has openly declared “we need to protect what is clearly within our territorial jurisdiction” emphasizing the gravity of the country’s maritime row with China in the South China Sea. This move al...
Felipe Dizon from the University of California - Davis gave a seminar on his research titled “Does Financial Inclusion Exclude? The Effect of Access to Savings on Informal Risk-Sharing in Kenya”. His study focuses the effects of access to savings on one’s risk-sharing network.
“The success of micro-savings initiatives is driven by these novel technologies that rely on insights from behavior e...
Gustavo Fajardo from the Centro de Estudios Monetarios y Financieros (CEMFI) presented his paper “Hierarchy, Coups and the Political Preferences of Army Officers” at the University of Navarra in a seminar organized by the NCID.
The project attempts to analyse the role of intra-military hierarchy in coups and how the army plays an important role in the political field in countries with weak institutions.
“My results underline the importance of internal dynamics within the Army. If support for coups is drawn along hierarchical lines...