A prosperous, stable world economy is in the self interest of every nation—large or small, rich or poor. The International Monetary Fund (IMF) is a worldwide intergovernmental institution that can facilitate that prosperity and stability. Because every nation has a stake, each should participate in the IMF's governance and operations. The value to each nation of an effective IMF increases as the world economy and financial system become more integrated.
Topic:
Development, Economics, International Organization, and International Political Economy
It is widely believed that cost-sharing—charging a subsidized, positive price—for a health product is necessary to avoid wasting resources on those who will not use or do not need the product. We explore this argument in the context of a field experiment in Kenya, in which we randomized the price at which pregnant women could buy long lasting anti-malarial insecticide-treated nets (ITNs) at prenatal clinics. We find no evidence that cost-sharing reduces wastage on those that will not use the product: women who received free ITNs are not less likely to use them than those who paid subsidized positive prices. We also find no evidence that cost-sharing induces selection of women who need the net more: those who pay higher prices appear no sicker than the prenatal clients in the control group in terms of measured anemia (an important indicator of malaria). Cost-sharing does, however, considerably dampen demand. We find that uptake drops by 75 percent when the price of ITNs increases from 0 to $0.75, the price at which ITNs are currently sold to pregnant women in Kenya. We combine our estimates in a cost-effectiveness analysis of ITN prices on infant mortality that incorporates both private and social returns to ITN usage. Overall, given the large positive externality associated with widespread usage of insecticide-treated nets, our results suggest that free distribution to pregnant women is both more effective and more cost-effective than cost-sharing.
Topic:
Development, Globalization, Health, and World Health Organization
Access to credit is one of the cornerstones of wealth-building in the United States. Yet, between 35 million and 54 million persons are not participating in the credit market. Many individuals outside the credit mainstream are unable to access credit, or credit at competitive rates, because of the lack of traditional information, such as mortgage and credit card payments, available on their credit files. However, there is evidence that the inclusion of alternative data on credit-like payments, such as utility payments, in credit reporting can help bridge this information gap. The first step toward filling this gap requires utility companies to systematically report these data to the major credit bureaus.
Topic:
Civil Society, Demographics, Development, and Economics
For most Americans, California evokes coastal images, the sunny beaches of south or the spectacular urban vistas of San Francisco Bay. Yet within California itself, the state's focus is shifting increasingly beyond the narrow strip of land between the coast- line and its first line of mountain ranges.
Pennsylvania is at once the same and different, three years after the release of the 2003 Brookings Institution report “Back to Prosperity,” which proposed a new vision for how Pennsylvania might revitalize its cities, towns, and regions in order to compete more energetically in today's global economy.
The Washington area is growing and decentralizing. From 1990 to 2000, the District of Columbia's population declined while the number of people living in surrounding suburbs increased. Prince George's County was among the suburban jurisdictions that experienced population growth, increasing by 10 percent from about 729,000 residents in 1990 to over 800,000 in 2000. Prince George's continues to grow, with an estimated 840,000 residents in 2005.
Topic:
Demographics, Development, Economics, and Migration
The first half of this decade brought with it a range of economic challenges, including increased unemployment, stagnant family incomes, and rising poverty.
Topic:
Demographics, Development, Economics, and Government
Cynthia M. Taeuber, Daniel W. Gillman, and Laura Smith
Publication Date:
03-2007
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
Statistical metadata is commonly defined as data about data. Metadata documents information about a statistical dataset's background, purpose, content, collection, processing, quality, and related information that an analyst needs to find, understand, and manipulate statistical data. As such, the metadata for a statistical dataset broadens the number and diversity of people who can successfully use a data source once it is released. It is the purpose of this paper to discuss issues related to the development and use of statistical metadata and to describe resources to standardize and automate statistical metadata. While there are many types of metadata – this paper is concerned only with statistical metadata.
Topic:
Development, Government, and Science and Technology
On the eve of its second Mardi Gras since Katrina, New Orleans stands poised to gain a larger economic benefit from the event than in did in 2006. Twenty additional hotels have opened since last year's Mardi Gras, and the New Orleans airport is now accommodating 100,000 more arriving passengers each month.
The evidence is clear. On the whole, America's central cities are coming back. Employment is up, populations are growing, and many urban real estate markets are hotter than ever, with increasing numbers of young people, empty-nesters, and others choosing city life over the suburbs.
Topic:
Development, Economics, Globalization, and Government