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inSouthAfricanpoliticallandscape.Thekeyfindingisthatdomesticpolitics
inSouthAfricaaremorefragmentedandpolarisedaftertheMangaung
conference.ThisisaresultoftheANCabandoningnationalisticrhetoric.
Nevertheless,theANC’ssupremacyinSouthAfricanpoliticsisunequivocal.
SouthAfricaneconomicpolicywillbedirectedtowardsbusinessandforeign
investors.Foreignpolicywilldriftawayfromthe“Africansolutionsfor
Africanaffairs”paradigm,andtowardslimitedinvolvement.Inthecurrent
globaleconomic,climateSouthAfricawillexperiencesloweconomicgrowth.
MariaDunin-Wąsowicz,KatarzynaŻukrowska
TTIP’sMonetaryClauseMuddle............................107
WearguethatTTIPnegotiations,whicharefocusedonimprovingconditions
formutualtradeandinvestmentsbetweentheU.S.andtheEU,haveoverlooked
theissueoftheinfluenceofmonetaryandexchangeratepoliciesofbothsides
onthepotentialresultsofaprospectiveagreement.Thuswedemonstratethat
theagreementshouldhavebeensupplementedbyamonetaryclause(MC)in
ordertoavoidapossiblemismatchbetweenU.S.andEUcurrencies.Such
aclause,andnootherpossiblecurrencyrelatedlegalinstruments,shouldbe
broad,andaimtoregulatethebondbetweenthedollarandtheeuro.Itcan
workasaconvenientspringboardtoinvigoratethemultilateraltradesystem
viatheinstitutionalnexusoftheIMF
,WTO,OECDorG-20.Theclausecan
maketheagreementasimportantforstrategicrelationsbetweentheU.S.and
theEUastheTreatyofRomewasfortheriseofEuropeanintegration.
REVIEWS
FredrikErixon,KrishnanSrinivasan(eds):EuropeinEmergingAsia:
OpportunitiesandObstaclesinPoliticalandEconomic
Encounters(KrzysztofIwanek).............................119
PatrickCockburn:TheRiseofIslamicState:ISISandtheNew
SunniRevolution;CharlesLister:TheIslamicState:
ABriefIntroduction;JessicaStern,J.M.Berger:ISIS:
TheStateofTerror(KacperRękawek).......................122