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  • Author: Thomas Dichter
  • Publication Date: 09-2005
  • Content Type: Policy Brief
  • Institution: The Cato Institute
  • Abstract: The foreign aid industry has for decades tried one approach after another in an effort to make aid work. A career of field experience in the aid industry, however, confirms the empirical record that aid is unimportant to growth or poverty reduction and suggests that aid is not likely to work in the future. The belief that foreign assistance has been generally ineffective, moreover, appears to be widespread among aid practitioners with long field experience.
  • Topic: Foreign Policy, Economics, International Cooperation, United Nations
  • Author: Moeletsi Mbeki
  • Publication Date: 04-2005
  • Content Type: Policy Brief
  • Institution: The Cato Institute
  • Abstract: Economic growth in Africa, as in the rest of the world, depends on a vibrant private sector. Entrepreneurs in Africa, however, face daunting constraints. They are prevented from creating wealth by predatory political elites that control the state. African political elites use marketing boards and taxation to divert agricultural savings to finance their own consumption and to strengthen the repressive apparatus of the state. Peasants, who constitute the core of the private sector in sub-Saharan Africa, are the biggest losers. In order for Africa to prosper, peasants need to become the real owners of their primary asset—land—over which they currently have no property rights.
  • Topic: Economics, Human Rights, Politics
  • Political Geography: America
  • Author: Ted Galen Carpenter
  • Publication Date: 11-2004
  • Content Type: Policy Brief
  • Institution: The Cato Institute
  • Abstract: There is a growing tension between two U .S. objectives in Afghanistan. The most important objective is—or at least should be—the eradication of the remaining Al Qaeda and Taliban forces in that country. But the United States and its coalition partners are now also emphasizing the eradication of Afghanistan's drug trade. These antidrug efforts may fatally undermine the far more important anti-terrorism campaign.
  • Topic: Foreign Policy, War
  • Political Geography: Afghanistan, United States, Middle East, Taliban
  • Author: Steve H. Hanke
  • Publication Date: 07-2004
  • Content Type: Policy Brief
  • Institution: The Cato Institute
  • Abstract: After a decade of rapid economic growth, the Dominican Republic entered a downward spiral in 2003. The economy shrank for the first time since 1990, the inflation rate quadrupled, the Dominican peso collapsed, government debt more than doubled, interest rates soared, and the central bank incurred large losses.
  • Topic: Economics, International Trade and Finance, Political Economy
  • Political Geography: Latin America, Caribbean
  • Author: Ted Galen Carpenter
  • Publication Date: 03-2004
  • Content Type: Policy Brief
  • Institution: The Cato Institute
  • Abstract: The Bush administration has gone from one extreme to the other with regard to U.S. policy on Taiwan. During the early months of his administration, the president gave a seemingly unconditional pledge to defend Taiwan from attack by mainland China—going significantly further than his predecessors had. He followed that assurance by approving the largest arms sales package to Taiwan in nearly a decade. In marked contrast to the Clinton years, high-profile visits by Taiwanese leaders to the United States have been encouraged, despite Beijing's protests.
  • Topic: Foreign Policy, Development, Politics
  • Political Geography: United States, China, Asia
  • Author: Subodh Atal
  • Publication Date: 09-2003
  • Content Type: Policy Brief
  • Institution: The Cato Institute
  • Abstract: Despite progress in the return of refugees and the prevention of humanitarian disasters, stability in Afghanistan is threatened by ethnic tension, feuding warlords, and violence perpetrated by regrouping elements of the Taliban and their allies. The United States is being asked to increase its level of commitment to rebuilding Afghanistan as a means of stabilizing the country, even as American troops battle the resurgent Islamic extremists who operate along the Afghan-Pakistan border.
  • Topic: Foreign Policy, Development, Politics
  • Political Geography: Afghanistan, United States, America, Middle East, Taliban, Arabia
  • Author: Steve H. Hanke, Matt Sekerke
  • Publication Date: 09-2003
  • Content Type: Policy Brief
  • Institution: The Cato Institute
  • Abstract: Following a swift military campaign to remove the Saddam Hussein government in Iraq, it has become clear that preparations for the postwar period have been inadequate and that the occupying forces lack a workable exit strategy. Specifically, the Coalition Provisional Authority has failed to anticipate the challenges that face the postwar Iraqi economy, including the introduction of sound money to facilitate exchange.
  • Topic: Development, Economics, International Political Economy
  • Political Geography: Iraq, Middle East, Arabia
  • Author: Ian Vásquez
  • Publication Date: 09-2003
  • Content Type: Policy Brief
  • Institution: The Cato Institute
  • Abstract: The failure of past foreign aid programs has given rise to a new consensus on how to make foreign aid effective. According to the new approach, aid that goes into poor countries that have good policies and institutions is highly effective at promoting growth and reducing poverty. Disbursing aid to countries that have good policies contrasts with the traditional practice of providing aid to countries irrespective of the quality of their policies or providing aid to promote policy reforms. President George Bush's proposed foreign aid initiative, the Millennium Challenge Account, is based on the selective approach to foreign assistance, as are, in large part, the World Bank's calls to double foreign aid flows worldwide.
  • Topic: Debt, Economics, International Political Economy, International Trade and Finance, Third World
  • Author: Ian Vásquez, John Welborn
  • Publication Date: 09-2003
  • Content Type: Policy Brief
  • Institution: The Cato Institute
  • Abstract: The Overseas Private Investment Corporation is a government agency that provides loans and investment insurance to U.S. companies doing business around the world. Its four-year, renewable charter will expire in September 2003. Proponents of OPIC claim that the agency helps the U.S. economy and promotes economic development abroad.
  • Topic: Economics, International Political Economy, International Trade and Finance
  • Political Geography: United States
  • Author: Charles V. Peña
  • Publication Date: 05-2003
  • Content Type: Policy Brief
  • Institution: The Cato Institute
  • Abstract: The rationale for missile defense put forward by its advocates is often a “doom and gloom” picture: America and its citizens are defenseless against the threat of ballistic missiles, and missile defense is supposed to protect the American people. The administration's vision of missile defense is not just a global system that protects the United States against long-range missiles but a global system capable of engaging all classes of ballistic missiles to protect U.S. forces deployed worldwide, U.S. allies, and other friendly countries. Thus, the purpose of missile defense is extended well beyond protecting America and Americans.
  • Topic: Foreign Policy, Defense Policy, Nuclear Weapons
  • Political Geography: United States, America