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- All Subjects: International Law
- All Subjects: Central Bank Digital Currency
- Creators: Rothenberg, Daniel
- Creators: Casper, Monica
In 2021, Palestine will have been under official Israeli occupation for 54 years. As conflict persists between the two populations, it is becoming increasingly difficult to imagine a peaceful resolution. As international legal bodies have failed to bring an end to the occupation, the Israeli government continues to carry out extensive violations of human rights against the Palestinians. One significant consequence of the occupation has been the Palestinians’ lack of access to safe and reliable water, a problem that is continuing to worsen as a result of climate change and years of over-utilization of shared, regional water resources. Since the occupation started, international organizations have not only affirmed the general human right to water but have overseen several peace agreements between Israel and Palestine that have included stipulations on water. Despite these measures, neither water access nor quality has improved and, over time, has worsened. This paper will look at why international law has failed to improve conditions for Palestinians and will outline the implications of the water crisis on a potential solution between Israel and Palestine.
In recent years, there has been an accelerating demand for new electronic systems of payment including pressures for various forms of digital currency. China has advanced a central bank digital currency (CBDC) which may well play a key role in their global economic ascendancy and thereby provide a substantive advantage in overtaking the United States as the dominant economic and political superpower. However, digital currencies in general, and a U.S. CBDC present a variety of challenges including development, approval, and implementation. Despite these concerns, this study argues that the U.S. should develop a CBDC on an expedited timeline with the help of an executive order. The study proceeds through three stages. First, the study explains what a CBDC is. Second, it identifies the motivations to develop a CBDC and threats that foreign CBDCs pose to the US dollar. Third, it analyzes current progress towards a United States CBDC. The study concludes with remarks on why the United States must elevate its sense of urgency and push more intensely to develop a competitive and strategic CBDC, and recommendations for a potential executive order. Ultimately, the President of the United States must put forth an additional executive order covering CBDCs and work to develop a CBDC on an expedited timeline to combat the rise of foreign digital currencies and protect the dollar.