Search

Begin New Search Publication Year within 5 Years

16201. From the Global to the Local: Leveraging International Engagement to Advance Justice at Home

Author:
Maha Jweied
Publication Date:
12-2020
Content Type:
Working Paper
Institution:
Center on International Cooperation
Abstract:
This policy paper is authored by Maha Jweied, who served in the U.S. government between 2006-2018, most recently as the Acting Director of the U.S. Department of Justice’s Office for Access to Justice. Maha is currently a fellow at CIC-NYU and advisor to the Pathfinders for Justice. This paper sets out how the former U.S. Department of Justice’s Office for Access to Justice leveraged international activity and mechanisms, including the UN’s 2030 Agenda for Sustainable Development, to advance its domestic priorities. The strategy resulted in notable accomplishments and even protected a number of them after the office was closed in 2018. The brief also recommends that the incoming Biden-Harris Administration reestablish the Office for Access to Justice, revitalize the White House Legal Aid Interagency Roundtable charged with implementing Goal 16 for the United States, link U.S. domestic priorities to all 17 Sustainable Development Goals, and prioritize the United States’ role as a leader in the global movement for equal justice for all.
Topic:
Government, Governance, Inequality, and Justice
Political Geography:
North America and United States of America

16202. Technology and the Future of Work

Author:
Ian Goldin
Publication Date:
12-2020
Content Type:
Working Paper
Institution:
Center on International Cooperation
Abstract:
Recent decades have seen rapid increases in the use of robots and rapid advances in artificial intelligence, driven particularly by improvements in machine learning. From games like chess and Go to speech recognition and image recognition, machines have come to outperform humans in an expanding range of activities. This development has motivated many attempts to gauge the impact on the future of work for humans. Frey and Osborne estimate that 47% of total US employment is in jobs at high risk of automation within the next decade or two. Arntz, Gregory, and Zierahn in turn estimate the figure is 9% in the USA and 10% in UK, while PwC estimate 38% in the USA, 35% in Germany, 30% in the UK, and 21% in Japan are at risk. This policy paper reviews the relationships between automation, artifical intelligence, and jobs, a retrospective look at technological upheavel throughout history, and what the future of work looks like by country and sector. Additionally, the paper considers the transformation, redistribution, and recognition of what work looks like globally as a byproduct of new technologies, as well as the implications of the COVID-19 pandemic on the future of work. Case studies from India and the Philippines provides prominent success stories of developing countries creating tradeable services industries, while two examples from Nordic countries and Estonia highlight novel policies in developed countries to ensure the benefits of new technologies are widely shared. Finally, Goldin provides recommendations for governments, international agencies, and other partners to to support employment and inclusive growth in the face of technological change.
Topic:
Science and Technology, International Security, Transnational Actors, Artificial Intelligence, and Workforce
Political Geography:
Europe, South Asia, India, East Asia, and United States of America

16203. The Just Transition in Energy

Author:
Ian Goldin
Publication Date:
12-2020
Content Type:
Working Paper
Institution:
Center on International Cooperation
Abstract:
With each new year of data, and each new intergovernmental report, it becomes harder to deny the scale and urgency of the energy transition required to prevent catastrophic anthropogenic climate change. The Intergovernmental Panel on Climate Change urges countries to take action to prevent a rise in temperature by more than 1.5°C, and warns of catastrophic consequences of a rise above 2°C. Yet current policies and pledges fall far short of hitting these targets. Worse, since harmful climate change is caused by the stock of carbon in the atmosphere, the longer we delay measures to limit the flow of new carbon into the atmosphere, the more drastic those measures will have to be. This uneven distribution of threat and responsibility raises difficult questions. Developed countries are generally more advanced in their transition to renewables, which means that some of the cheapest opportunities to reduce emissions are in developing countries. Yet the fact remains that developed countries are responsible for a larger share of historic emissions—and developing countries may have a right to pursue development unhindered, as developed countries did in earlier decades. There are therefore several elements of the “just transition” in energy. The world needs to transition to cleaner energy, and the developing world needs to keep developing, all while supporting the countries and communities that bear the highest costs of mitigation measures—and supporting those areas already beginning to feel the negative effects of climate change. This report will outline the key challenges and opportunities and conclude with a series of practical steps available to policymakers.
Topic:
Climate Change, Energy Policy, International Security, Crisis Management, and Inclusion
Political Geography:
China, Europe, South Asia, Middle East, India, East Asia, South Africa, Latin America, West Africa, United States of America, and Sub-Saharan Africa

16204. Radical Right Counter Narratives Expert Workshop Report

Author:
Hedayah
Publication Date:
11-2020
Content Type:
Special Report
Institution:
Hedayah
Abstract:
This report presents some of the overarching themes, key insights, and modes of practice discussed over the two-day workshop in order to convey current trends and best practices in the area of radical right extremist counter-narratives. This workshop report is one of the many deliverables produced as part of the Radical Right Counter Narrative Collection project, funded through the STRIVE Global program and implemented by the Centre for Analysis of the Radical Right.
Topic:
Radical Right, Political Extremism, and Narrative
Political Geography:
Europe, New Zealand, Global Focus, and United States of America

16205. Employment and Earnings of African Americans Fifty Years After: Progress?

Author:
Philip Moss, William Lazonick, and Joshua Weitz
Publication Date:
07-2020
Content Type:
Working Paper
Institution:
Institute for New Economic Thinking (INET)
Abstract:
The Equal Employment Opportunity Commission (EEOC) was established in 1965 to implement Title VII of the Civil Rights Act of 1964, which made it illegal to discriminate against an individual in employment on the basis of race, color, religion, sex or national origin. Coming into the 1960s, the employment opportunity that privileged the white male was much more than a job. By the 1960s, growing numbers of white men had employment that gave them steadily rising real earnings, often with decades of tenure at one organization. The “career-with-one-company” (CWOC) that had become the employment norm by the beginning of the 1960s included health insurance and a defined-benefit pension, both funded by the employee’s business corporation or government agency. CWOC is what, in the decades immediately after World War II, turned much of white America into a growing and thriving middle class.
Topic:
History, Minorities, and Employment
Political Geography:
United States of America

16206. International Financial Regulation: Why It Still Falls Short

Author:
William White
Publication Date:
07-2020
Content Type:
Working Paper
Institution:
Institute for New Economic Thinking (INET)
Abstract:
While recent reforms are welcome in many ways, there are still significant reasons to doubt that the post-crisis tightening of international financial regulation guarantees future financial and economic stability. The most important reason is that the reforms have focused too narrowly on ensuring that an unstable financial sector will not aggravate downturns by restricting the supply of credit. More attention needs to be paid to ensuring that an overly exuberant financial system does not weaken other parts of the economy by encouraging a rapid buildup of debt during upturns. Some combination of time-varying monetary and regulatory policies (a macrofinancial stability framework) will be required to do this. In addition, many of the individual regulatory measures taken to date, both macroprudential and microprudential, have shortcomings. Their coherence as a package has also been questioned.
Topic:
Political Economy, Financial Crisis, Reform, Banks, and Subsidies
Political Geography:
Global Focus

16207. Government as the First Investor in Biopharmaceutical Innovation: Evidence From New Drug Approvals 2010–2019

Author:
Ekaterina Cleary, Matthew J. Jackson, and Fred D. Ledley
Publication Date:
04-2020
Content Type:
Working Paper
Institution:
Institute for New Economic Thinking (INET)
Abstract:
The discovery and development of new medicines classically involves a linear process of basic biomedical research to uncover potential targets for drug action, followed by applied, or translational, research to identify candidate products and establish their effectiveness and safety. This Working Paper describes the public sector contribution to that process by tracing funding from the National Institutes of Health (NIH) related to published research on each of the 356 new drugs approved by the U.S. Food and Drug Administration from 2010-2019 as well as research on their 218 biological targets. Specifically, we describe the timelines of clinical development for these products and proxy measures of their importance, including designations as first-inclass or expedited approvals. We model the maturation of basic research on the biological targets for drugs to determine the initiation and established points of this research, and demonstrate that none of the 232 products modelled were approved before this enabling research passed the established point. This body of essential research comprised 2 million publications, of which 409 thousand were supported by 317 thousand Funding Years of NIH Project support totaling $156 billion. Research on the 356 drugs comprised 229 thousand publications, of which 36 thousand were supported by 42 thousand Funding Years of NIH Project support totaling $31 billion. Overall, NIH funding contributed to research associated with every new drug approved from 2010-2019, totaling $187 billion. This funding supported investigator-initiated Research Projects, Cooperative Agreements for government-led research on topics of particular importance, as well as Research Program Projects and Centers and training to support the research infrastructure. This NIH funding also produced 22 thousand patents, which provided marketing exclusivity for 27 (8.6%) of the drugs approved 2010-2019. These data demonstrate the essential role of public sector-funded basic research in drug discovery and development, as well as the scale and character of this funding. It also demonstrates the limited mechanisms available for recognizing the value created by these early investments and ensuring appropriate public returns. This analysis demonstrates the importance of sustained public investment in basic biomedical science as well as the need for policy innovations that fully realize the value of public sector investments in pharmaceutical innovation that ensure that these investments yield meaningful improvements in health.
Topic:
Science and Technology, Research, Public Policy, Innovation, State Funding, Pharmaceuticals, and Funding
Political Geography:
North America, Global Focus, and United States of America

16208. Voting Rights, Deindustrialization, and Republican Ascendancy in the South

Author:
Grant Wright
Publication Date:
09-2020
Content Type:
Working Paper
Institution:
Institute for New Economic Thinking (INET)
Abstract:
The Voting Rights Act of 1965 revolutionized politics in the American South. These changes also had economic consequences, generating gains for white as well as Black southerners. Contrary to the widespread belief that the region turned Republican in direct response to the Civil Rights Revolution, expanded voting rights led to twenty-five years of competitive two-party politics, featuring strong biracial coalitions in the Democratic Party. These coalitions remained competitive in most states until the Republican Revolution of the 1990s. This abrupt rightward shift had many causes, but critical for southern voters were the trade liberalization measures of 1994, specifically NAFTA and the phase-out of the Multi-Fiber Arrangement which had protected the textiles and apparel industries for decades. The consequences of Republican state regimes have been severe, including intensified racial polarization, loss of support for public schools and higher education, and harsh policies toward low-income populations.
Topic:
History, Minorities, Voting, Voting Rights, Deindustrialization, and African Americans
Political Geography:
North America and United States of America

16209. Masters of Illusion: Bank and Regulatory Accounting for Losses in Distressed Banks

Author:
Edward J. Kane
Publication Date:
08-2020
Content Type:
Working Paper
Institution:
Institute for New Economic Thinking (INET)
Abstract:
This essay is part of a larger work on the history of Federal Reserve policymaking entitled Banking on Bull. The study seeks to explain why the instruments of central banking inevitably break down over time. A big part of the explanation is that policymakers want accounting measures of bank net worth to be flexible enough to allow bankers and regulators to slow the release of adverse information about distressed banks, particularly very large ones. Modern regulatory frameworks focus on maintaining what can be described as the adequacy of accounting capital. But this framework is bull, because in tough times, bank accountants know how to make losses disappear.
Topic:
Federal Reserve, Regulation, Central Bank, and Banking
Political Geography:
Global Focus

16210. Unemployment and Income Distribution: Some Extensions of Shaikh’s Analysis

Author:
Walter Paternesi Meloni and Antonella Stirati
Publication Date:
09-2020
Content Type:
Working Paper
Institution:
Institute for New Economic Thinking (INET)
Abstract:
After the 1980s, advanced capitalist economies witnessed a significant decline of the labor share in income. Along with the conventional view, which ascribed this decline to technological factors and international trade, another line of enquiry has endorsed a ‘Political Economy’ approach to identifying several drivers of the labor share erosion. Among the latter, the role of persistent labor market slack has remained relatively unexplored. We try to fill this gap moving from a recent contribution by Anwar Shaikh, who elaborated on the relation between unemployment and changes in income distribution and in the US economy. We study this relationship by adopting a long-term approach, using two alternative measures of labor market slack (namely, the unemployment rate and the unemployment intensity, an index that incorporates the duration of unemployment). We first extend Shaikh’s method of analysis to eight mature countries, and subsequently we approach the relationship between changes in labor market slack and the (adjusted) wage share in the private sector of the economy from 1960 to 2017 with other econometric techniques. Our findings confirm the existence of a negative relationship between labor market slack and the wage share, and we find no tendency to return to a ‘normal’ unemployment rate associated with a stable wage share.
Topic:
Income Inequality, Unemployment, Labor Market, Collective Bargaining, and Wage Growth
Political Geography:
North America and United States of America