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  • Author: Mark Falcoff
  • Publication Date: 01-2004
  • Content Type: Policy Brief
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: Probably more than any other Latin American country, the Argentine Republic is susceptible to abrupt changes of spirit and mood. Ten years ago it was apparently hurling itself, pell-mell, into the twenty-first century as South America's great example of economic liberalization and diplomatic alignment with the United States. Today both notions are distinctly out of fashion there, and no wonder—the advantages of both were drastically oversold to the public by the administration of President Carlos Menem (1989-1999). At the end of 2000 the economy virtually collapsed; for a time it appeared as if the country might actually dissolve as a coherent political community. Thanks to the strong hand of Senator Eduardo Duhalde, who took over at the end of 2000 from Fernando de la Rúa, Menem's successor, civic order was restored, though the last three years have been the worst in Argentina's modern history, more dismal even than the Great Depression of the 1930s.
  • Topic: International Relations, International Trade and Finance, Political Economy
  • Political Geography: United States, Argentina, South America, Latin America
  • Author: John H. Makin
  • Publication Date: 12-2004
  • Content Type: Policy Brief
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: The last big wave of European and Japanese concern about a weak dollar came after the August 1971 breakdown of the Bretton Woods System of fixed exchange rates. At that time European countries feared inflation and, not wanting to support the dollar and thereby import U.S. inflation pressures, they accepted revaluation of their currencies with some misgivings because, as always, a weaker dollar meant more difficulty in competing with vigorous U.S. traded-goods companies.
  • Topic: Economics, International Trade and Finance, Political Economy
  • Political Geography: United States, Europe
  • Author: John H. Makin
  • Publication Date: 10-2004
  • Content Type: Policy Brief
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: The U.S. post-bubble economic recovery, which officially began in November 2001 after a recession of just six months, will be three years old by election day. The prior recession had lasted a mere eight months-from July 1990 to March 1991-and was followed by an expansion of ten years, the longest on record. The expansion before that one lasted ninety-two months-from November 1982 through July 1990-following a recession of just sixteen months. The period following November 1982 until the stock market crash of March 2000 witnessed one of the longest and most powerful stock market rallies in U.S. history, accompanied by falling inflation and falling interest rates. The remarkable performance of the last twenty or so years will be difficult to match over the next decade. Indeed, merely sustaining the growth in the current expansion will require some changes to current policy.
  • Topic: Economics, International Trade and Finance, Political Economy
  • Political Geography: United States
  • Author: John H. Makin
  • Publication Date: 08-2004
  • Content Type: Policy Brief
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: I am not an expert on the price of oil. But many who claim to be have been saying for months that its price should drop back below $25 or $30 per barrel. Meanwhile, the actual price has risen steadily to nearly $50 per barrel as this Outlook goes to press.
  • Topic: International Relations, Economics, Environment
  • Political Geography: United States
  • Author: John H. Makin
  • Publication Date: 01-2004
  • Content Type: Policy Brief
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: Old habits die hard. Often, criticism leveled at policymakers is well founded. I certainly have offered up my share. But as 2003 ends and 2004 begins, we find ourselves at a point where the performance of the U.S. economy is about as good as it gets. The stock market is up 20 percent this year, inflation and interest rates are low, productivity growth is high, and U.S. exports are rising strongly. The biggest danger going forward arises from ill-founded criticism aimed at policy measures employed to achieve this excellent outcome and the (fortunately low) chance that policymakers will heed such criticism.
  • Topic: Economics, International Trade and Finance, Political Economy
  • Political Geography: United States
  • Author: James Q. Wilson
  • Publication Date: 12-2004
  • Content Type: Policy Brief
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: Contemporary concerns about the influence of religion in U.S. politics tend to ignore the significant contributions made by religion in shaping American democracy. Pluralism of sects explains why religion has been so important in U.S. history and continues to thrive in America.
  • Topic: International Relations, Foreign Policy, Democratization, Economics
  • Political Geography: United States, America
  • Author: Nicholas Eberstadt
  • Publication Date: 12-2004
  • Content Type: Policy Brief
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: The United States must develop a new approach to the North Korean nuclear crisis based on the dual realizations that we will not likely talk North Korea out of its nuclear weapons program or see much improvement under the regime of Kim Jong Il.
  • Topic: International Relations, Foreign Policy, Democratization, Economics
  • Political Geography: United States, North Korea
  • Author: David Frum
  • Publication Date: 11-2004
  • Content Type: Policy Brief
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: Having won an electoral mandate, President George W. Bush now must restore bipartisanship to U.S. foreign policy in order to realize the goal of a Middle East transformed by freedom and democracy.
  • Topic: International Relations, Foreign Policy, Democratization, Economics
  • Political Geography: United States, Middle East
  • Author: Leon Aron
  • Publication Date: 09-2004
  • Content Type: Policy Brief
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: Wars have repeatedly had a decisive influence on Russia's political development, and the present global conflict against fundamentalist Islam is no exception. With the murder of hundreds of Russians at the hands of Chechen terrorists—most notably, the massacre of schoolchildren at Beslan earlier this month—President Vladimir Putin has announced a sweeping overhaul of Russia's political system that would further consolidate power in the Kremlin and damage the country's nascent democracy. The United States and its allies now confront the dual challenge of assisting Russia in its fight against terrorism while simultaneously resisting the erosion of freedom there.
  • Topic: International Relations, Foreign Policy, Democratization, Economics
  • Political Geography: Russia, United States
  • Author: Nicholas Eberstadt
  • Publication Date: 08-2004
  • Content Type: Policy Brief
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: Sub-replacement fertility rates are becoming the norm throughout much of the world. Specific nations—some poor, some wealthier—are experiencing unusually high mortality rates and unnatural gender imbalances. Almost alone among developed nations, the United States continues to grow.
  • Topic: International Relations, Foreign Policy, Democratization, Economics
  • Political Geography: United States