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Begin New Search Topic Economics Content Type Policy Brief Publication Year within 25 Years

1601. The International Financial Architecture

Author:
Jeffrey A. Frankel
Publication Date:
06-1999
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
The recent financial crises in many emerging market economies have raised anew questions about the appropriate exchange-rate regime and the use of capital controls as policy instruments. The use of both mechanisms should be tailored to each country's unique circumstances. Fixed exchange-rate mechanisms, such as dollarization (adopting the dollar as legal tender in place of the national currency), are suited to small open economies or those desperate to import monetary stability. Larger economies, such as the European Union (EU) and the United States, should allow their currencies to float. Intermediate regimes that fall between fixed- and floating-rate regimes—such as bands, baskets, and crawls (See Figure 1 for definitions)—are still appropriate for some countries. Certain well-targeted restrictions on the composition of capital flows might be appropriate for some emerging-market countries as temporary measures when inflows are particularly high.
Topic:
Economics and International Trade and Finance
Political Geography:
United States and Europe

1602. A Dollarization Blueprint for Argentina

Author:
Steve H. Hanke and Kurt Schuler
Publication Date:
03-1999
Content Type:
Policy Brief
Institution:
The Cato Institute
Abstract:
President Carlos Menem of Argentina has advocated replacing the Argentine peso with the dollar. Dollarization would benefit Argentina because it would eliminate the peso-dollar exchange-rate risk, lower interest rates, and stimulate economic growth.
Topic:
Economics and International Political Economy
Political Geography:
Argentina, South America, and Latin America

1603. Hong Kong Update: Winter 1999-2000

Author:
Frank Ching, Lee Kuan Yew, George Hui, and Sunny Kai-Sun Kwong
Publication Date:
10-1999
Content Type:
Policy Brief
Institution:
Center for Strategic and International Studies
Abstract:
During my yearly visits to Hong Kong over the last thirty years, I was struck by the upbeat, can-do spirit of its people. However troublesome the situation, such as the noisy demonstrations of the imitators of the Red Guards in 1966 and 1967, or the economic downturn caused by the sudden quadrupling of oil prices in 1973, Hong Kong people were not dismayed or despondent. So when I spent a few days in Hong Kong at the beginning of June this year, I was surprised by its completely different mood. The people I met seemed frustrated at finding themselves in a situation where the solutions were not obvious. Much of the present malaise in Hong Kong arises from the problems of a transition that proved more difficult than expected. In part it was because of the five years of the last governor's policies, aggravated by the Asian financial crisis. Until the territory has come through this transition phase it is not possible to make any long-term forecasts on Hong Kong's future.
Topic:
Civil Society, Economics, Government, and Politics
Political Geography:
Israel and Hong Kong

1604. The Southern African Development Community: Regional Integration in Ferment

Author:
David Simon and Alexander Johnston
Publication Date:
12-1999
Content Type:
Policy Brief
Institution:
Chatham House
Abstract:
Shortly before he became President of the 'new South Africa' in May 1994, Nelson Mandela stressed that his country's relations with the region's poorer and weaker neighbours would be characterized by 'sensitivity and restraint'. This declaration of intent was welcome given South Africa's traditional dominance as the hegemonic power during the apartheid era and the resulting crude and at times violent exploitation of its neighbours' dependence, in varying degree, on the Republic's economy for a wide range of goods and services, for transport links and a market for employment. Indeed, South Africa's accession to the Southern African Development Community (SADC) in 1994 offered the promise of a new deal in regional relations, with the new member acting as an 'engine of growth' and as a cooperative and enthusiastic supporter of purposeful and sustained regional integration.
Topic:
Development, Economics, International Cooperation, and International Organization
Political Geography:
Africa

1605. Currency Boards or Dollarization — Solutions or Traps

Author:
John Chown
Publication Date:
08-1999
Content Type:
Policy Brief
Institution:
Chatham House
Abstract:
Currency boards have been suggested for Russia, and adopted elsewhere in eastern Europe. Brazil's fixed rate has had to be abandoned, but Argentina is considering replacing its currency board with dollarization, and suggesting this solution for the rest of Latin America. Fixed exchange-rate regimes (and the crawling peg in Russia) have collapsed in Southeast Asia but Hong Kong, which had a formal currency board, has (so far) survived.
Topic:
Economics and International Trade and Finance
Political Geography:
Russia, Eastern Europe, Latin America, Central America, Caribbean, and North America

1606. Composite Indexes of Leading, Coincident, and Lagging Indicators: December 1999

Publication Date:
12-1999
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The leading index increased 0.4 percent, the coincident index increased 0.2 percent, and the lagging index increased 0.5 percent in December. Taken together, the three composite indexes and their components show a healthy economy: The coincident indicators show that the economy continued to expand through the end of 1999. The leading indicators point to a continuation of the expansion during 2000. Cyclical imbalances and related economic instability problems should be monitored for future increases.
Topic:
Economics
Political Geography:
United States

1607. Composite Indexes of Leading, Coincident, and Lagging Indicators: November 1999

Publication Date:
11-1999
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The leading index increased 0.3 percent, the coincident index increased 0.2 percent, and the lagging index increased 0.3 percent in November. Taken together, the three composite indexes and their components show a healthy economy: The coincident indicators point to GDP rising in the 4th quarter of 1999. The leading indicators point to a continuation of the expansion. Cyclical imbalances and related economic instability problems should be monitored for future increases.
Topic:
Economics
Political Geography:
United States

1608. Composite Indexes of Leading, Coincident, and Lagging Indicators: October 1999

Publication Date:
10-1999
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The leading index held steady, the coincident index increased 0.6 percent, and the lagging index decreased 0.1 percent in October. Taken together, the three composite indexes and their components show a healthy economy: The coincident indicators point to GDP rising in the 4th quarter of 1999. The leading indicators have paused after strong growth early this year. Cyclical imbalances and related economic instability problems should be monitored for future increases.
Topic:
Economics
Political Geography:
United States

1609. Composite Indexes of Leading, Coincident, and Lagging Indicators: September 1999

Publication Date:
09-1999
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The leading index decreased 0.1 percent, the coincident index decreased 0.2 percent, and the lagging index increased 0.4 percent in September. This report merits careful interpretation, but does not change general conclusions drawn from previous releases, which show the economy is in good health: The coincident indicators point to GDP rising in the 4th quarter of 1999. The leading indicators point to a continuation of the expansion through early 2000. Cyclical imbalances and related economic instability problems must be monitored for future increases.
Topic:
Economics and Health
Political Geography:
United States

1610. Composite Indexes of Leading, Coincident, and Lagging Indicators: August 1999

Publication Date:
08-1999
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The leading index decreased 0.1 percent, the coincident index increased 0.2 percent, and the lagging index increased 0.2 percent in August. Taken together, the three composite indexes and their components show a healthy economy: The coincident indicators point to GDP rising at a pace of 3.0 percent (annualized) in the 3rd quarter of 1999. The leading indicators point to a continuation of the expansion through early 2000. Cyclical imbalances and related economic instability problems do not seem to be a problem yet.
Topic:
Economics
Political Geography:
United States

1611. Composite Indexes of Leading, Coincident, and Lagging Indicators: July 1999

Publication Date:
07-1999
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The leading index increased 0.3 percent, the coincident index increased 0.2 percent, and the lagging index increased 0.6 percent in July. Taken together, the three composite indexes and their components show a healthy economy: The coincident indicators point to economic activity rising in the 3rd quarter from the 1.8 percent (annualized) rise in GDP in the 2nd quarter. The leading indicators point to continuation of the expansion through early 2000. Cyclical imbalances and related economic instability problems show inconsistent patterns of growth.
Topic:
Economics
Political Geography:
United States

1612. Composite Indexes of Leading, Coincident, and Lagging Indicators: June 1999

Publication Date:
06-1999
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The leading index increased 0.3 percent, the coincident index increased 0.4 percent, and the lagging index decreased 0.4 percent in June. Taken together, the three composite indexes and their components show a very healthy economy: The coincident indicators point to economic activity rising at a pace of 2.7 percent (annualized) in the 2nd quarter of 1999, compared to the advance estimate of GDP showing a 2.3 percent increase. The leading indicators point to continuation of the expansion through early 2000. Cyclical imbalances and related economic instability problems are almost nonexistent.
Topic:
Economics
Political Geography:
United States

1613. Composite Indexes of Leading, Coincident, and Lagging Indicators: May 1999

Publication Date:
05-1999
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The leading index increased 0.3 percent, the coincident index increased 0.2 percent, and the lagging index held steady in May. Taken together, the three composite indexes and their components show a healthy economy: The coincident indicators point to GDP rising at a pace of over 2.5 percent (annualized) in the 2nd quarter of 1999. The leading indicators point to a continuation of the expansion through the remainder of 1999. There is little evidence of cyclical imbalances that would jeopardize the economy's stability.
Topic:
Economics
Political Geography:
United States

1614. Composite Indexes of Leading, Coincident, and Lagging Indicators: April 1999

Publication Date:
04-1999
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The leading index decreased 0.1 percent, the coincident index increased 0.2 percent, and the lagging index increased 0.4 percent in April. Taken together, the three composite indexes and their components show a healthy economy: The coincident indicators point to activity continuing to rise at the start of the 2nd quarter of 1999, but at a pace that is much more modest than the 4.1 percent (annualized) rise in GDP in the 1st quarter. The leading indicators point to a continuation of the expansion through at least the 4th quarter of 1999. Evidence of cyclical imbalances from the lagging indicators—that might threaten the stability of the economy—is neither consistent nor convincing.
Topic:
Economics
Political Geography:
United States

1615. Composite Indexes of Leading, Coincident, and Lagging Indicators: March 1999

Publication Date:
03-1999
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The leading index increased 0.1 percent, and both the coincident and lagging indexes increased 0.2 percent in March. Taken together, the three composite indexes and their components show a very healthy economy: The coincident indicators show aggregate economic activity growing at about a 3.25 percent annualized pace in the 1st quarter of 1999 (compared to a 4.5 percent increase in the advance estimate of GDP). The leading indicators point to a continuation of the expansion for at least six more months. Cyclical imbalances and related conditions are unlikely to jeopardize the economy's stability.
Topic:
Economics
Political Geography:
United States

1616. Composite Indexes of Leading, Coincident, and Lagging Indicators: February 1999

Publication Date:
02-1999
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The leading index increased 0.2 percent, the coincident index increased 0.3 percent, and the lagging index increased 0.2 percent in February. Taken together, the three composite indexes and their components show a healthy economy: The coincident indicators point to GDP rising at a pace of about 3 percent (annualized) in the 1st quarter of 1999. The leading indicators show odds are high that the expansion will continue through at least late-1999. There is little evidence of cyclical imbalances that would jeopardize the economy's stability.
Topic:
Economics
Political Geography:
United States

1617. Composite Indexes of Leading, Coincident, and Lagging Indicators: January 1999

Publication Date:
01-1999
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The leading index increased 0.5 percent, the coincident index increased 0.2 percent, and the lagging index increased 0.4 percent in January. Taken together, the three composite indexes and their components show generally healthy conditions: The coincident indicators show that, although industrial production fell slightly, the first quarter of 1999 started on a positive note. The leading indicators are almost unanimous in predicting continued growth through at least the middle of the year. Signs of cyclical imbalances and other factors that might jeopardize the economy's stability remain relatively subdued.
Topic:
Economics
Political Geography:
United States

1618. A Primer on the Balance Sheet of the Eurosystem

Author:
Daniel Gros
Publication Date:
02-1999
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
The ECB has just published the opening balance sheet for the Eurosystem, which is the official name given to the ECB plus the 11 national central banks of the euro zone. All 15 national central banks are part of the ESCB, but the participation of the four outsiders is purely formal. The balance sheet, which is reproduced at the end of this Commentary, reveals two very interesting facts: During 1998, the national central banks of the euro zone increased their holdings of dollar foreign exchange reserves by the equivalent of about 38 bn euro. This means that they de facto intervened consistently to support the dollar during that year. The ECB starts with huge foreign exchange reserves: 237 bn euro plus gold worth 100 bn euro. This is much more than the amount held by the US Federal Reserve and constitutes a major share of the reserves held by all OECD countries.
Topic:
Economics, International Trade and Finance, and Regional Cooperation
Political Geography:
Europe

1619. EMU and Labour Markets: Vae Germania?

Author:
Daniel Gros
Publication Date:
02-1999
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
The outcome of the first round of wage negotiations in post-EMU Germany sheds some new light on the old question: What impact will the euro have on labour markets and unemployment? Economists would say that it depends on the structure of the bargaining process. In wage-setting, it seems that either one of the two extremes of full centralisation or complete fragmentation is conducive to low inflation and unemployment.
Topic:
Economics and Political Economy
Political Geography:
Europe and Germany

1620. Beyond Kosovo: A Regional Approach to the Balkans

Author:
Roger Kirk, Jack M. Seymour Jr., John Lampe, and Louis Sell
Publication Date:
06-1999
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
Basic Factors Underlying a Regional Settlement 1. Any overall settlement in the Balkans should be area-wide and coordinated among the entities directly involved, the neighboring states, the key nations of the outside community, and the relevant political and economic international institutions. 2. It will have to include political arrangements, international security guarantees, and substantial economic assistance as a basis for genuine peace and reconciliation. 3. It must embrace generally accepted international standards, including respect for human rights and rights for ethnic minorities; right of return for all area refugees; rule of law; effective media freedom; and free elections supervised or, where necessary, organized by the international community. 4. The settlement should promote and institutionalize political and economic cooperation, regional trade and/or formal ties among the participating states and entities of the former Yugoslavia, and neighboring states as feasible, including the free flow of goods, labor and capital. 5. International assistance in reconstruction, economic reform and development of economic ties among the peoples of the region and with the European Community must be massive. It should, however, be designed to promote democratic institutions, market reform, adherence to peace agreements, and respect for human rights. 6. Such assistance should target the private sector, encourage local initiatives, and help governments pursue effective economic reform policies. It should seek to curtail corruption and the maintenance of unprofitable state industries. It should avoid encouraging international dependency. The purpose should be to build societies and practices conducive to self-reliance, international cooperation, and outside investment. Positive and negative lessons can be drawn from experiences in Bosnia. 7. The support of the broad population of Serbia will be necessary if peaceful and economically viable regional arrangements are to last. The reconstruction process implied in these arrangements will itself be an incentive for the Serbs to opt away from destructive nationalist policies and join in the regional reconstruction process. 8. Neither lasting peace in the Balkans nor democracy in Serbia can be achieved as long as Slobodan Milosevic remains in power. He has been indicted by the Tribunal in The Hague for crimes against humanity and his removal from power is a prime NATO objective. There are increasing and encouraging signs of popular Serb desire to be rid of Milosevic, but it is not certain that he will depart in the near future. 9. A regional settlement may have to be negotiated indirectly with, or imposed upon, Milosevic as the ruler of Serbia. It should nevertheless be made clear that the West condemns Milosevic\'s actions, that Serbia cannot resume its rightful place in Europe as long as it is governed by indicted war criminals, and that the West will help the people of Serbia in their efforts to bring forth new, democratic, cosmopolitan leadership in their country. 10. The Kosovar Albanians cannot be expected to live under Serbian control again for the foreseeable future. Arrangements short of formal independence such as an international protectorate or trusteeship are possible, indeed likely, for a transitional period. A more permanent and self-sustaining arrangement is highly desirable if it can be achieved without creating more instability in the former Yugoslav space and the neighboring area. 11. A credible international military presence is needed to encourage the return of the remaining Albanian-Kosovars, the continued residence of Serb-Kosovars and to maintain peace and order within Kosovo and on its borders. Such a presence will also be a lasting part of any transitional arrangement. Any foreseeable regional settlement will similarly require a prolonged foreign military presence. This settlement should, however, lay the foundation for an end to that presence by, among other things, providing for supervised demilitarization of the states and entities involved, and a comprehensive regional arms control agreement. 12. A central objective of any regional settlement should be to promote conditions that will encourage a stable political and military environment, economic growth, and increasing self-reliance. These changes will permit an end to the foreign military, political, and economic presence in the region, though no date for that termination should be set.
Topic:
Security, Economics, and Politics
Political Geography:
Middle East, Kosovo, and Balkans

1621. Social and Economic Policies to Prevent Complex Humanitarian Emergencies

Author:
Jeni Klugman
Publication Date:
01-1999
Content Type:
Policy Brief
Institution:
United Nations University
Abstract:
Complex humanitarian emergencies have caused widespread death and suffering over the last two decades. While recent tragedies in Bosnia, Rwanda and Angola have made the world more aware of the terrible human toll involved, the international community has yet to develop effective policy responses to stem such crises.
Topic:
Conflict Resolution, Development, Economics, Genocide, Human Rights, Migration, and Politics
Political Geography:
Bosnia, Rwanda, and Angola

1622. Migration, Urbanization, and Social Adjustment

Author:
Michael J. White
Publication Date:
02-1999
Content Type:
Policy Brief
Institution:
The Wilson Center
Abstract:
Migration is the demographic process that links rural to urban areas, generating or spurring the growth of cities. The resultant urbanization is linked to a variety of policy issues, spanning demographic, economic, and environmental concerns. Growing cities are often seen as the agents of environmental degradation. Urbanization can place stress on the land through sprawl; coincident industrial development may threaten air and water quality. In the eyes of many observers, rapid urbanization is also linked to problems of unemployment and the social adaptation of migrants in their new urban setting. Cities advertise society's inequalities in income, housing, and other social resources, whether these problems are new or just newly manifest in urban settings. Most of the migration conventionally liked to these urban issues was seen as following a conventional pattern. In this policy brief I raise some issues about the nature of contemporary, migratory behavior, both for our understanding of processes of population redistribution directly, and for understanding some of the implications of that redistribution. Contemporary research is sketching the contours of this migratory behavior and the social adjustment that accompanies it. New research is beginning to shed light on the rate of migrant adaptation, on the connection between origin and destination communities through remittances, and the demographic structure and dynamics of refugee movements.
Topic:
Foreign Policy, Civil Society, Development, Economics, and Migration

1623. 100 Companies Receiving The Largest Dollar Volume Of Prime Contract Awards - Fiscal Year 1998

Publication Date:
01-1999
Content Type:
Policy Brief
Institution:
U.S. Economic Statistics Briefing Room
Abstract:
This report presents summary data on the 100 companies, and their subsidiaries, receiving the largest dollar volume of Department of Defense (DoD) prime contract awards during fiscal year (FY) 1998. Table 1 lists the 100 companies in alphabetical order and gives their associated rank. Table 2 identifies the parent companies in rank order, with their subsidiaries, and gives the total net value of awards for both the parent company and its subsidiaries. In many cases, the parent company receives no awards itself, but appears on the list because of its subsidiaries. Table 2 also shows what percentage of the total awards each company's awards represent, as well as the cumulative percentage represented by all companies. Table 3 lists the top 100 companies DoD-wide in rank order and breaks the totals into three categories of procurement: Research, Development, Test, and Evaluation (RDT); Other Services and Construction; and Supplies and Equipment. Table 4 lists the top 50 companies for each of the Reporting Components in rank order, and by category of procurement.
Topic:
Defense Policy, Development, and Economics
Political Geography:
United States

1624. 100 Contractors Receiving The Largest Dollar Volume Of Prime Contract Awards for Research, Development, Test, and Evaluation - Fiscal Year 1998

Publication Date:
09-1999
Content Type:
Policy Brief
Institution:
U.S. Economic Statistics Briefing Room
Abstract:
This report presents summary data on the 100 prime contractors receiving the largest dollar volume in Department of Defense (DoD) awards over $25,000 for research, development, test, and evaluation (RDT) work during fiscal year (FY) 1998. RDT work can include research (basic and applied) and development (exploratory, advanced, engineering, operational systems, or management and support services). Full definitions for each of these categories are provided in Section 235.001 of the Defense Federal Acquisition Regulation Supplement. These data rank each corporation according to its relative standing. The order of ranking is based on the net value of each contractor's RDT awards. Beginning in FY 1994, the contractors have been ranked by the parent company vs. subsidiaries or divisions of the company as in past issues of this publication. For example, figures for General Motors Corporation include awards to Hughes Aircraft Company. Also, classification of a company as foreign is based on the parent company. Beginning in FY 1996, only the top 100 contractors are listed in this publication. When percentages are used for dollar amounts they are based on whole dollars. Table 1 lists the 100 contractors in alphabetical order, displays the order of ranking for each, and shows how each has been categorized for reporting purposes. The categories are business firm (B), foreign contractor (F), and nonprofit institution (N). Table 2 shows the net value of awards to U.S. business firms. Those firms which qualify as small businesses are further identified by an "S." The net value of awards to each of the firm's reported locations is also provided. Tables 3 and 4 provide the net value of awards to U.S. educational and other nonprofit institutions and foreign contractors. As in Table 1, contractors in Tables 2 through 4 are shown by order of ranking, with their total awards indicated by an asterisk (*). The value of awards to each of the contractor's reported locations is also shown for these tables.
Topic:
Defense Policy, Economics, and Science and Technology
Political Geography:
United States

1625. Prime Contract Awards, Size Distribution

Publication Date:
01-1999
Content Type:
Policy Brief
Institution:
U.S. Economic Statistics Briefing Room
Abstract:
This report provides data on prime contract actions (PCAs) over $25,000 awarded by the Department of Defense (DoD) in fiscal year (FY) 1998. For reporting purposes, contracts have been distributed by dollar value into 11 different size categories. The tables provide information on the number of total actions, their net value, and their percentage of distribution, by size, and according to a variety of categories. The categories include Defense Component, type of contract involved, extent of competed procurements, kind of contract action taken, selected procurement programs, and labor standard statutes. Table 1 presents data by individual size category (e.g., $25,000 to $49,999, $50,000 to $99,999) while Tables 2 through 7 present data in cumulative categories (e.g., $25,000 or more; $50,000 or more). The information in Prime Contract Awards, Size Distribution, assists DoD management in projecting the workload that will be required by various proposed projects. For example, using data in this publication, DoD officials could determine that a proposal to review all contract actions of $500,000 or more in FY 1998 would require examining approximately 27,000 transactions, or 11.7 percent of the total transactions as shown in Table 2. These data can also be used to identify trends in DoD procurement, (e.g., to identify which of the various types of contracts were most frequently awarded, in terms of number of contract actions, during FY 1998).
Topic:
Defense Policy and Economics
Political Geography:
United States

1626. Prime Contract Award: Fiscal Year 1998

Publication Date:
01-1999
Content Type:
Policy Brief
Institution:
U.S. Economic Statistics Briefing Room
Abstract:
This report presents a variety of current and historical data pertaining to Department of Defense (DoD) prime contract awards. All historical tables commence with fiscal year (FY) 1988 data. Six categories of data on DoD prime contracts are provided. Data are displayed by type of contractor, by procurement program, by competition, and by type of contract pricing provision. Awards for research, development, test, and evaluation (RDT) are discussed separately, as is the DoD Small Business Subcontracting Program. Amounts in this report are shown for the DoD Agency that awards the prime contracts and not the department or agency that budgets for the supplies or services. In addition, data for the Army, Navy, and Air Force include prime contracts awarded on behalf of the National Aeronautics and Space Administration (NASA) and other Federal Agencies, as well as for foreign countries whose Defense purchases are reimbursable. Percentages are derived by dividing the detail line or the subtotal line by the base line designated by 100 percent, unless otherwise noted. Column headings, footnotes, or section narrative are used to identify these exceptions. Indentation is used to provide assistance in recognizing total, subtotal, and detail line information. The data are collected in whole dollars and the totals given in some tables may not add due to rounding. This report includes awards made by Other Defense Agencies (ODAs), which are listed in the Glossary. It also includes tariff or regulated acquisitions under $25,000. It does not include obligations for “in house” work performed at government owned and operated establishments, such as Navy shipyards, Army arsenals, and Air Force research laboratories, except to the extent that such establishments place contracts for supplies and services with industry or other Federal Agencies. The estimated dollar amounts of indefinite quantity petroleum contracts are included in this report, but the number of individual orders written against these contracts has not been included in the totals for procurement actions. For the definition of terms used in this publication, see the Glossary.
Topic:
Defense Policy and Economics
Political Geography:
United States

1627. U.S. International Trade in Goods and Services - As of December 16, 1999

Publication Date:
12-1999
Content Type:
Policy Brief
Institution:
U.S. Economic Statistics Briefing Room
Abstract:
The Nation's international deficit in goods and services increased to $25.9 billion in October, from $24.2 billion (revised) in September, as exports decreased and imports increased.
Topic:
Economics and International Trade and Finance
Political Geography:
United States

1628. U.S. International Trade in Goods and Services - As of November 18, 1999

Publication Date:
12-1999
Content Type:
Policy Brief
Institution:
U.S. Economic Statistics Briefing Room
Abstract:
The Nation's international deficit in goods and services increased to $24.4 billion in September, from $23.5 billion (revised) in August, as exports decreased and imports increased.
Topic:
Economics and International Trade and Finance
Political Geography:
United States

1629. U.S. International Trade in Goods and Services - As of October 20, 1999

Publication Date:
11-1999
Content Type:
Policy Brief
Institution:
U.S. Economic Statistics Briefing Room
Abstract:
The Nation's international deficit in goods and services decreased to $24.1 billion in August, from $24.9 billion (revised) in July, as exports increased more than imports.
Topic:
Economics and International Trade and Finance
Political Geography:
United States

1630. U.S. International Trade in Goods and Services - As of September 21, 1999

Publication Date:
09-1999
Content Type:
Policy Brief
Institution:
U.S. Economic Statistics Briefing Room
Abstract:
The Nation's international deficit in goods and services increased to $25.2 billion in July, from $24.6 billion (revised) in June, as imports increased more than exports.
Topic:
Economics and International Trade and Finance
Political Geography:
United States

1631. U.S. International Trade in Goods and Services - As of August 19, 1999

Publication Date:
08-1999
Content Type:
Policy Brief
Institution:
U.S. Economic Statistics Briefing Room
Abstract:
The Nation's international deficit in goods and services increased to $24.6 billion in June, from $21.2 billion (revised) in May, as imports increased more than exports.
Topic:
Economics and International Trade and Finance
Political Geography:
United States

1632. U.S. International Trade in Goods and Services - As of July 20, 1999

Publication Date:
07-1999
Content Type:
Policy Brief
Institution:
U.S. Economic Statistics Briefing Room
Abstract:
The Nation's international deficit in goods and services increased to $21.3 billion in May, from $18.6 billion (revised) in April, as imports increased and exports decreased.
Topic:
Economics and International Trade and Finance
Political Geography:
United States

1633. U.S. International Trade in Goods and Services - As of June 17, 1999

Publication Date:
06-1999
Content Type:
Policy Brief
Institution:
U.S. Economic Statistics Briefing Room
Abstract:
The Nation's international deficit in goods and services was $18.9 billion in April, virtually unchanged from March (revised), as exports and imports increased.
Topic:
Economics and International Trade and Finance
Political Geography:
United States

1634. U.S. International Trade in Goods and Services - As of April 20, 1999

Publication Date:
04-1999
Content Type:
Policy Brief
Institution:
U.S. Economic Statistics Briefing Room
Abstract:
The Nation's international deficit in goods and services increased to $19.4 billion in February, from $16.8 billion (revised) in January as imports increased and exports decreased.
Topic:
Economics and International Trade and Finance
Political Geography:
United States

1635. U.S. International Trade in Goods and Services - As of March 18, 1999

Publication Date:
03-1999
Content Type:
Policy Brief
Institution:
U.S. Economic Statistics Briefing Room
Abstract:
The Nation's international deficit in goods and services increased to $17.0 billion in January, from $14.1 billion (revised) in December as imports increased and exports decreased.
Topic:
Economics and International Trade and Finance
Political Geography:
United States

1636. U.S. International Trade in Goods and Services - As of January 21, 1999

Publication Date:
01-1999
Content Type:
Policy Brief
Institution:
U.S. Economic Statistics Briefing Room
Abstract:
The Nation's international deficit in goods and services increased to $15.5 billion in November, from $13.6 billion (revised) in October as imports increased and exports decreased.
Topic:
Economics and International Trade and Finance
Political Geography:
Africa

1637. Balance on Current Account - As of December 14, 1999

Publication Date:
12-1999
Content Type:
Policy Brief
Institution:
U.S. Economic Statistics Briefing Room
Abstract:
No abstract is available.
Topic:
Economics and International Trade and Finance
Political Geography:
United States

1638. Balance on Current Account - As of September 14, 1999

Publication Date:
09-1999
Content Type:
Policy Brief
Institution:
U.S. Economic Statistics Briefing Room
Abstract:
No abstract is available.
Topic:
Economics and International Trade and Finance
Political Geography:
United States

1639. Balance on Current Account - As of June 17, 1999

Publication Date:
06-1999
Content Type:
Policy Brief
Institution:
U.S. Economic Statistics Briefing Room
Abstract:
No abstract is available.
Topic:
Economics and International Trade and Finance
Political Geography:
United States

1640. Balance on Current Account - As of March 11, 1999

Publication Date:
03-1999
Content Type:
Policy Brief
Institution:
U.S. Economic Statistics Briefing Room
Abstract:
No abstract is available.
Topic:
Economics and International Trade and Finance
Political Geography:
United States

1641. Net Oil Imports - As of December 21, 1999

Publication Date:
12-1999
Content Type:
Policy Brief
Institution:
U.S. Economic Statistics Briefing Room
Abstract:
No abstract is available.
Topic:
Economics and Energy Policy
Political Geography:
United States

1642. Net Oil Imports - As of October 1, 1999

Publication Date:
11-1999
Content Type:
Policy Brief
Institution:
U.S. Economic Statistics Briefing Room
Abstract:
No abstract is available.
Topic:
Economics and Energy Policy
Political Geography:
United States

1643. Net Oil Imports - As of August 17, 1999

Publication Date:
08-1999
Content Type:
Policy Brief
Institution:
U.S. Economic Statistics Briefing Room
Abstract:
No abstract is available.
Topic:
Economics and Energy Policy
Political Geography:
United States

1644. Net Oil Imports - As of January 29, 1999

Publication Date:
01-1999
Content Type:
Policy Brief
Institution:
U.S. Economic Statistics Briefing Room
Abstract:
No abstract is available.
Topic:
Economics and Energy Policy
Political Geography:
United States

1645. Foreign Direct Investment in the United States: New Investment in 1998

Author:
Mahnaz Fahim-Nader
Publication Date:
06-1999
Content Type:
Policy Brief
Institution:
U.S. Economic Statistics Briefing Room
Abstract:
Last year,outlays by foreign direct investors to acquire or establish businesses in the United States surged to $201.0 billion, 2 1/2 times the previous record of $79.9 billion set in 1996 and almost triple the 1997 level of $69.7 billion ( table 1 and chart 1). The 1998 outlays were boosted by two exceptionally large acquisitions, each of which significantly exceeded the size of any previous single investment. However, even without these two investments, outlays were still about 40 percent higher than those in 1996.
Topic:
Economics and International Trade and Finance
Political Geography:
United States

1646. Regional Patterns in the Location of Foreign-Owned U.S. Manufacturing Establishments

Author:
Dale P. Shannon and William J. Zeile
Publication Date:
05-1999
Content Type:
Policy Brief
Institution:
U.S. Economic Statistics Briefing Room
Abstract:
A new data set on foreign–owned establishments supports an analysis of regional patterns of foreign direct investment in the United States (FDIUS) that uses comprehensive establishment data and is based on geographic areas that are defined on an economic basis rather than on a strictly political or administrative basis. A key feature of the data set is the separate identification of newly built, or “greenfield,” establishments. Greenfield establishments are of particular interest in the analysis of FDIUS because they indicate explicit locational choices by the foreign owners at the time of the investment.
Topic:
Economics
Political Geography:
United States

1647. Netanyahu's Economic Record

Author:
Eliyahu Kanovsky
Publication Date:
05-1999
Content Type:
Policy Brief
Institution:
Jerusalem Center for Public Affairs
Abstract:
Blaming "the other guy" for current problems is a human frailty, but there are cases where there is substance to the allegation. I believe that the widespread criticism of Netanyahu's economic record lacks, at the very least, a sense of fairness and balance. On the economic front, the Netanyahu administration is faulted for the slow rate of economic growth since 1997, and, as a consequence, the rising rate of unemployment. The opposition contends that in 1996, Netanyahu inherited from the previous administration (Rabin-Peres) a thriving, prosperous, and stable economy, and then proceeded to "mess things up." What are the facts and figures? What is the larger picture?
Topic:
Security, Defense Policy, Economics, and International Trade and Finance
Political Geography:
Middle East

1648. Economic Survey of the Netherlands, 2000

Publication Date:
12-1999
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
In its sixth year of expansion, the Dutch economy has continued to perform well, with strong real GDP growth and job creation. But some tensions have appeared, and inflation is close to the upper limit of price stability as defined by the European Central Bank. The outlook is broadly favourable as GDP growth is expected to slow only moderately: this would provide a welcome cooling-off of the economy. However, fiscal policy needs to remain particularly vigilant concerning the risk of overheating, and stand ready to tighten promptly, within the budgetary framework, if so needed. A major challenge facing the authorities is to deal with the important unfinished agenda in the structural area through speeding up the process of structural reform. The announced income tax reform is particularly necessary, not only to improve fiscal efficiency and equity, but also to redress incentives to work. This would enhance labour market policies aimed at increasing the outflow from social security schemes, and would boost the active labour force and potential output. Other necessary actions include reforming the health care system and introducing more market forces in public transport and some other former public utilities. Taking advantage of the favourable conjunctural situation, the authorities should move ahead forcefully along all these lines, thereby contributing to the continuation of strong job creation in an environment of sustainable economic growth.
Topic:
Economics
Political Geography:
Europe and Netherlands

1649. Economic Survey of the Russian Federation, 2000

Publication Date:
12-1999
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
The economic crisis of 1998 has victimised a number of important areas of institutional development and increased social distress among much of the population. A responsible fiscal and monetary response to the crisis, bolstered by a strengthened current account, has helped to stabilise inflation and the exchange rate, although the low level of reserves, the demands of foreign debt service, and threats to the independence of the Central Bank speak for the continued fragility of the achieved level of stability. A restructuring of foreign debt is critical for consolidating trends in the fiscal sphere. While the quick onset of a recovery in GDP in the wake of the weaker rouble is encouraging, delays in structural reforms and low administered input prices raise concern about the quality and sustainability of this growth. The restructuring and regulation of the commercial banking sector continues to pose major challenges to the Central Bank and the Russian government. Throughout a decade of transition, problems in demonetisation and fiscal federalist relations, the particular focus of this Survey, have been important underlying structural obstacles to economic reform. Although some institutional reforms have provided a foundation for a market economy, delays in addressing these and other fundamental problems have impeded efficiency and increased the comparative vulnerability of the Russian economy to external shocks. The future stability and growth of the Russian economy will require the continuation of responsible macroeconomic policies, but depends first and foremost on progress in structural reform, including tax reform, effective institutions of bankruptcy, competition, more decisive and comprehensive measures to combat the process of demonetisation, defend the rule of law, and realise fundamental reform in fiscal federalist relations.
Topic:
Economics and International Political Economy
Political Geography:
Russia

1650. EMU One Year On

Publication Date:
12-1999
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
The euro came into being under mixed auspices. On the one hand, convergence efforts in the run-up to monetary union, particularly in the fiscal area, had helped bring inflation and interest rates down to historically low levels. On the other hand, growth, which had only just started to recover in earnest after several disappointing years, was slowing down in the wake of a series of emerging market crises. The macroeconomic policy mix prevailing in 1999 combined monetary easing and modest fiscal consolidation. It contributed to sustain domestic demand, limiting the extent of the deceleration. With a brightening external environment, growth picked up vigorously in the second half of the year. In hindsight, the new regime's début is commendable, especially when recalling the gloomy predictions of some sceptics and taking into account that this first year has been a period of learning-by-doing for all agents. Major challenges lie ahead, however, both as regards long-run fiscal sustainability in the face of population ageing and as regards market structures. The policy tradeoffs facing European policymakers are harsher in some important ways than those confronting their counterparts across the Atlantic, because of deeply ingrained labour and product market rigidities. Those are being addressed in various ways, and tangible progress is being made. Nonetheless, reform efforts should be stepped up to raise economic performance significantly above the record of the 1990s.
Topic:
Economics
Political Geography:
Europe

1651. Local Development and Job Creation

Publication Date:
12-1999
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Globalisation has become a key force of change in all OECD countries. It is making our economies more open, bringing new opportunities, new markets and new wealth. But it also demands more rapid adjustment to change. The accomplishment of strategic restructuring is often required, so that workers are not displaced or excluded from the labour market and so that no localities are left to lag behind or decline. In the new economic environment, policy-makers must help build dynamic and flexible regions and cities. They must assist the transition from individual closed local economic systems to a new, open global system. To do this, it is important to “think globally and act locally”.
Topic:
Development, Economics, Globalization, and Government

1652. Economic Survey of Germany, 1999

Publication Date:
12-1999
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
The new government has set itself the ambitious tasks of lowering unemployment, modernising the economy and the social system, and securing the long term viability of the budget and the health and pension systems. Ecological goals have been given equal prominence in order to ensure the environmental sustainability of economic development. In some fields there has been progress. However, the fiscal package needs to be fully implemented to put public finances on a sustainable path and to create a tax regime that is more business friendly. These policies should be underpinned by structural reforms that strengthen future growth prospects. Such policies can benefit both macroeconomic performance and future fiscal outcomes. While short-term growth prospects are already improving, unemployment remains a major problem. With respect to its strategy for reducing unemployment, the government is seeking to obtain consensus, inter-alia on an employmentfriendly wage policy, via round-table talks with the social partners. It is important that a consistent set of policy instruments emerge that establish clear links between policies and ultimate policy goals. For Germany to attain the employment, growth and environmental aims commensurate with its key position in the European economy, requires not only favourable macroeconomic conditions, including aggregate wage developments, but a policy emphasis which more effectively enhances labour-market flexibility, as well as structural reforms that strengthen individual initiative, economic choice and the role of competition. Since structural and macroeconomic policies tend to have synergies which make them mutually reinforcing, achieving a more flexible and dynamic use of resources will help to assure progress towards the country's social, budgetary, environmental and economic goals.
Topic:
Economics
Political Geography:
Europe and Germany

1653. Economic Survey of Iceland, 1999

Publication Date:
12-1999
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
The Icelandic economy has expanded rapidly over the past five years, bringing output to well above its potential. Clear signs of overheating have emerged, with unemployment below 2 per cent, inflation picking up and a large current external deficit. These developments are projected to continue, raising the risks of a wage-price spiral and financial instability. To guard against such risks, a significant tightening of monetary policy is required, with less priority attached to the exchange rate as a target for policy. This should be complemented by a medium-term fiscal discipline aiming at achieving a structural budget surplus. Such a course would help cope with long-term care spending that will rise with ageing. On the other hand, except for government employees, pensions should not constitute a burden for public finances, as, for the main, they will be provided by the private sector. To enhance future growth prospects, it will be important to maintain and extend the fishing quota regime in the face of legal threats and to increase competitive forces, especially in the telecommunications industry.
Topic:
Economics
Political Geography:
Europe and Iceland

1654. Environmental Trends in Transition Economies

Publication Date:
10-1999
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
The collapse of communism in Central and Eastern Europe and the subsequent disintegration of the Soviet Union brought the region's serious environmental problems to the attention of the international community. Although the countries in this vast area of the world are remarkably diverse, central economic planning had created a common pattern of environmental problems. Notable among these problems were levels of industrial pollution that, in many places, threatened human health; widespread land and water degradation (particularly in the former Soviet Union); and the persistent neglect of nuclear safety and nuclear waste management.
Topic:
Economics, Emerging Markets, and Environment
Political Geography:
Eastern Europe and Soviet Union

1655. Open Markets Matter: The Benefits of Trade and Investment Liberalisation

Publication Date:
10-1999
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Never before have so many countries at such different levels of development been involved in so much activity aimed at progressively rolling back obstacles to freer trade and investment. Yet, paradoxically, at no time during the post-war period has the prospect of further liberalisation generated so much public anxiety, not least within those countries that built much of their prosperity on a liberal trade and investment order.
Topic:
Economics, Environment, Government, International Trade and Finance, and Sovereignty

1656. Money Laundering

Publication Date:
07-1999
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
The goal of a large number of criminal acts is to generate a profit for the individual or group that carries out the act. Money laundering is the processing of these criminal proceeds to disguise their illegal origin. This process is of critical importance, as it enables the criminal to enjoy these profits without jeopardising their source.
Topic:
Security, Economics, and International Trade and Finance

1657. OECD Economic Projections

Publication Date:
06-1999
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Twice a year, in June and December, the OECD publishes its Economic Outlook (EO), which contains projections for a number of key economic variables over a two to two and a half-year horizon.
Topic:
Economics and International Trade and Finance

1658. The U.S. Perspective on Globalization

Author:
Stuart Eizenstat
Publication Date:
04-1999
Content Type:
Policy Brief
Institution:
Overseas Development Council
Abstract:
The Overseas Development Council was prescient in calling for an international dialogue on globalization last year. It is a particularly important time for a dialogue on the relationship between globalization and development, given new concerns raised by the global financial crisis.
Topic:
Development, Economics, Emerging Markets, Globalization, and International Trade and Finance
Political Geography:
United States

1659. United States—Interest Rate Outlook

Author:
Oxford Analytica
Publication Date:
12-1999
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The quarter-point increase in the fed funds rate announced at the November 16 Federal Open Market Committee (FOMC) meeting was accompanied by the adoption of a neutral directive for the inter-meeting period, in place of the bias towards tightening in force since early October. The directive indicates that the Fed intends the rise to be the last of this year. However, the OECD, in its recent Economic Outlook, predicted that another one percentage point increase in the fed funds rate will be needed to restore demand and supply to equilibrium. While the economy will probably not slow sufficiently of its own accord, the incentives to defer action into 2000 mean that rates are likely to remain as they are during 1999, though probably associated with an announced bias towards tightening.
Topic:
Economics
Political Geography:
United States and Europe

1660. Japan—Economic Recovery

Author:
Oxford Analytica
Publication Date:
10-1999
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
Pessimism surrounding the Japanese economy has lessened as, against most expectations, recovery continues to take hold. Analysts who predicted further contraction in Japan's GDP during fiscal 1999 have altered to a more optimistic outlook. The reason for this turnaround is a general change in perception of the recession. Rather than the downturn being part of a decade-long stagnation persisting since the collapse of the bubble economy in 1991, the recession was in fact of more recent origin and, therefore, of a less intractable nature than commonly supposed.
Topic:
Economics
Political Geography:
Japan and East Asia

1661. Argentina—Opposition

Publication Date:
11-1999
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The outright victory of the Alliance candidate, Fernando de la Rua, on the first round of voting in the presidential elections on October 24, reflects the desire for a change of political style. De la Rua's approach to government will be less personalist and more consensual than that of the outgoing president, Carlos Menem. While economic policy is unlikely to change in any fundamental way, the new government will be under pressure to root out corruption. It will be the first time since the return to civilian rule in 1983 that a government lacks a majority in either chamber of Congress, which may strengthen democratic institutions.
Topic:
Corruption, Economics, and Government
Political Geography:
Argentina

1662. EU—Membership Indecision

Author:
Oxford Analytica
Publication Date:
09-1999
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The attractions of the single european currency are likely to draw the Scandinavian countries into the euro-area by around 2003. However, the outlook for United Kingdom accession is complicated by differences in its economic profile compared with the rest of the euro-area, combined with its enduringly euro-sceptical public opinion. These factors are likely to postpone its accession until later in the decade.
Topic:
Economics and International Trade and Finance
Political Geography:
United Kingdom and Europe

1663. Russia—Debt Rollover

Author:
Oxford Analytica
Publication Date:
08-1999
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
On July 28, the IMF's Board of Directors announced their approval of a 4.5 billion dollar loan to Russia. Rather than representing a breakthrough deal, the agreement is merely the latest chapter in the cycle of non–compliance and renegotiation that has characterised the Fund's relationship with Moscow. With presidential and parliamentary polls scheduled during the next twelve months, electoral pressures will almost certainly prevent the latest macroeconomic programme being implemented. Moreover, unless the root cause of Russia's economic problems—its dire GDP growth rate—is rectified, a further round of comprehensive renegotiations will be required.
Topic:
Debt, Economics, Government, International Trade and Finance, Political Economy, and Politics
Political Geography:
Russia and Moscow

1664. United States -- Economic Slowdown?

Author:
Oxford Analytica
Publication Date:
07-1999
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
In recent weeks, economic data has produced conflicting signals about the strength of domestic demand within the US economy. A majority within the Federal Open Market Committee (FOMC) believes that growth will decelerate and that only a small tightening of monetary policy will be necessary in the short term. However, the Federal Reserve has consistently underestimated domestic demand, and there are signs that the economy is still buoyant. Moreover, with improving economic prospects in Europe and Asia, the external forces encouraging lower US interest rates are likely to be reversed. The combination of these factors could put pressure on the Fed to tighten further.
Topic:
Economics
Political Geography:
United States, Europe, and Asia