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  • Author: Gary Clyde Hufbauer, Barbara Oegg
  • Publication Date: 04-2003
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: With the end of the Cold War, the focus of US foreign policy changed—and so did that of economic sanctions. Partly because of increased cooperation within the UN framework, economic sanctions were imposed so routinely in the early 1990s that scholars called that period the sanctions decade. This proliferation sparked intense debate about the effectiveness of sanctions as a policy tool and moved US sanctions policy to the center of public discourse.
  • Topic: Economics, International Trade and Finance, Political Economy
  • Political Geography: United States
  • Author: Kimberly Ann Elliott
  • Publication Date: 04-2003
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: Almost a decade ago, as the last nuclear crisis with North Korea was reaching a peak, I concluded the following about the potential utility of economic sanctions: The debate over US policy toward North Korea boils down to one deceptively simple question: what does Kim Il-sung want? No one can be sure of the answer and different interpretations have quite different policy implications. If the Great Leader views a nuclear weapons option as important to the survival of his regime, economic sanctions are unlikely to force him to give it up. But if he views the threat of developing nuclear weapons as a bargaining chip, some combination of carrots and sticks may induce him to trade it away.
  • Topic: Diplomacy, Economics, International Trade and Finance
  • Political Geography: Israel, East Asia, North Korea
  • Author: Gary C. Hufbauer, Ben Goodrich
  • Publication Date: 01-2003
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: While the US steel industry has been in distress for decades, the “steel crisis” of 1999-2001 was particularly acute. More than 30 steel producing and steel processing firms fell into bankruptcy between 1997 and 2001, and most of the failures occurred after President Bush took office. During his presidential campaign, Bush promised steelworkers that he would not neglect them. As the crisis worsened, the steel industry and the United Steel Workers of America (USWA) pressed the Bush administration to make good on its campaign promise.
  • Topic: Government, Industrial Policy, International Trade and Finance
  • Political Geography: United States, America
  • Author: Mark Falcoff
  • Publication Date: 12-2003
  • Content Type: Policy Brief
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: Joseph Conrad's novel Nostromo: A Tale of the Seaboard (1905), considered by many the Polish master's best novel, is set in the fictitious South American country of Costaguana. During the colonial period and for decades thereafter, the republic flourished thanks to the existence of a rich vein of silver mined since the early days of the Spanish conquest. At the time the novel opens, however, Costaguana has fallen on hard times because the most accessible deposits of the precious ore have been exhausted; massive new investment and technology are required to return the mine to full operation. Anglo-Costaguanan Charles Gould finds the necessary financing in London and New York, and almost as if by magic the resumption of mining breathes new life and progress into the republic.
  • Topic: International Relations, International Trade and Finance, Political Economy
  • Political Geography: New York, London, South America, Bolivia
  • Author: Mark Falcoff
  • Publication Date: 11-2003
  • Content Type: Policy Brief
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: It's official: the long-awaited referendum on Venezuela's president Hugo Chávez will take place on February 29, 2004—if all the requirements laid down by the National Electoral Council are met. Theoretically this should put to rest once and for all the question of whether Venezuelans want their president to continue in office and should make possible the selection of a replacement thirty days thereafter should he fail to win the referendum.
  • Topic: International Relations, International Trade and Finance, Political Economy
  • Political Geography: South America
  • Author: John H. Makin
  • Publication Date: 12-2003
  • Content Type: Policy Brief
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: The policy stimulants administered in very large doses to the U.S. economy at midyear are wearing off fast. China's boom, while not ending, is cooling. The result of those two facts will be U.S. growth of 3 percent or less in the final quarter of this year and the first quarter of next before tax rebates kick in to provide a lone quarter of 4 percent growth next spring. Then it will be back to 3 percent, plus or minus half a percent, in the second half of 2004 as the boost from tax cuts fades, provided stock markets hold up.
  • Topic: Economics, International Trade and Finance, Political Economy
  • Political Geography: United States, China
  • Author: John H. Makin
  • Publication Date: 11-2003
  • Content Type: Policy Brief
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: The outlook for the global economy has become clouded since the September annual meetings of the International Monetary Fund and World Bank in Dubai. Going into the meetings, views were broadly optimistic, tied to the familiar, reassuring sense of a recovering U.S. economy, the prospect of rising exports, and a firm dollar. America, an oasis of firmer demand growth in a desert of global excess capacity, was back— again, for the second time since the bubble economy burst in March 2000. Only this time, it was for real, not like the false, post-9/11 recovery that fizzled out in the spring of 2002. Or, so it seemed.
  • Topic: Economics, International Trade and Finance, Political Economy
  • Political Geography: United States, America, Dubai
  • Author: John Yoo, Eric Posner
  • Publication Date: 12-2003
  • Content Type: Policy Brief
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: Criticisms of the Patriot Act as unconstitutional and as a danger to individual rights are unfounded. Any marginal reduction in peacetime liberties entailed by the act seems to be a reasonable price to pay for an important weapon in fighting al Qaeda and other terrorists.
  • Topic: International Relations, Foreign Policy, Democratization, Economics
  • Author: Claude E. Barfield
  • Publication Date: 12-2003
  • Content Type: Policy Brief
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: President Bush's decision to revoke tariffs on imported steel products may lead the European Union to challenge other U.S. trade policies. Any such steps are likely to meet with stiff U.S. resistance, however, because the mechanism for resolving such disputes in the World Trade Organization is widely seen in the United States as lacking legitimacy.
  • Topic: International Relations, Foreign Policy, Democratization, Economics
  • Political Geography: United States
  • Author: Frederick M. Hess
  • Publication Date: 12-2003
  • Content Type: Policy Brief
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: Performance-based accountability promises to ensure that every student, regardless of background, masters crucial knowledge and skills. But to realize that promise, accountability needs to be coercive, that is, it must confront failure with real consequences for both educators and students.
  • Topic: International Relations, Foreign Policy, Democratization, Economics
  • Political Geography: United States