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58642. Shoring Up Military Readiness
- Author:
- Michael E. OHanlon and Jerre Wilson
- Publication Date:
- 12-1998
- Content Type:
- Policy Brief
- Institution:
- The Brookings Institution
- Abstract:
- Today's U.S. military is about one-third smaller and one-third less expensive than it was at the end of the Cold War. Even so, on a unit-by-unit basis it is as good as the U.S. armed forces of Ronald Reagan's presidency. It is far from hollow; its readiness to carry out a wide range of operations from warfighting to peacekeeping to deterrence remains quite good on the whole.
- Topic:
- Security and Defense Policy
- Political Geography:
- United States
58643. Role of the Private Sector: Study Group
- Author:
- Virginia Haufler
- Publication Date:
- 11-1998
- Content Type:
- Working Paper
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- The study group addressed four topics: the definition of what we are examining; whether it is a new phenomenon; some of the factors driving it; and the concerns it raises. The goal at this meeting was to set the context for further discussion at the next meeting. Participants stressed that this is an important topic and a timely project. Please note that this summarizes the main points and imposes a certain order on what was in reality a wide-ranging discussion.
- Topic:
- International Relations, Globalization, Government, and International Political Economy
58644. After the Crisis: The Social Contract and the Middle Class in East Asia
- Author:
- Nancy Birdsall and Stephan Haggard
- Publication Date:
- 01-1998
- Content Type:
- Working Paper
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- The Asian financial crisis put in bold relief two big differences between the Asian and the Western economies. One has been hotly contested, while the other has been virtually ignored.
- Topic:
- Economics and Emerging Markets
- Political Geography:
- Israel and East Asia
58645. Does U.S. Intervention Overseas Breed Terrorism?: The Historical Record
- Author:
- Ivan Eland
- Publication Date:
- 12-1998
- Content Type:
- Policy Brief
- Institution:
- The Cato Institute
- Abstract:
- According to Secretary of State Madeleine Albright, terrorism is the most important threat the United States and the world face as the 21st century begins. High-level U.S. officials have acknowledged that terrorists are now more likely to be able to obtain and use nuclear, chemical, and biological weapons than ever before.
- Topic:
- Foreign Policy and Terrorism
- Political Geography:
- United States
58646. The Case for a Russian Currency Board System
- Author:
- Steve H. Hanke
- Publication Date:
- 10-1998
- Content Type:
- Policy Brief
- Institution:
- The Cato Institute
- Abstract:
- The devaluation of the Russian ruble this year was predictable, especially considering Russia's poor monetary history. State-manipulated money has been a Russian hallmark since the time of Peter the Great and shows that the country's money problems are endemic and do not depend on who controls the central bank. Czarist, Soviet, and post-Soviet governments have used the central bank printing press to finance deficit spending, resulting in high inflation, confiscation of savings, capital controls, or a combination of the three.
- Topic:
- Economics and International Political Economy
- Political Geography:
- Russia, Europe, Asia, and Soviet Union
58647. Time to Terminate the ESF and the IMF
- Author:
- Anna J. Schwartz
- Publication Date:
- 08-1998
- Content Type:
- Policy Brief
- Institution:
- The Cato Institute
- Abstract:
- The International Monetary Fund and the U.S. Treasury Department's Exchange Stabilization Fund are undemocratic institutions unaccountable for their actions. Their current functions have little to do with their original missions. The ESF is used by the executive branch to circumvent Congress in the provision of foreign aid. Its foreign exchange interventions have, in any event, always been wasteful and ineffective at controlling the relative price of the U.S. dollar. The IMF has also been used to provide massive bailouts in the cases of Mexico in 1995 and of Asian countries since 1997. Defenders of the IMF as an international lender of last resort are misinformed since the IMF does not and cannot serve that purpose. Both institutions should be abolished, not reformed, because they are not needed to resolve currency crises and they preclude superior solutions.
- Topic:
- Economics, International Trade and Finance, and Political Economy
- Political Geography:
- United States, Asia, and Mexico
58648. Perspectives From Four Continents: Solving the Global Public Pensions Crisis
- Author:
- Cato Institute
- Publication Date:
- 04-1998
- Content Type:
- Working Paper
- Institution:
- The Cato Institute
- Abstract:
- On December 8-9 the Cato Institute and The Economist cosponsored a conference on the global public pensions crisis at the Queen Elizabeth II Conference Centre in London. Among the speakers were Michael Tanner, director of the Cato Project on Social Security Privatization; Clive Crook, deputy editor of The Economist; Carlos Boloña, former finance minister of Peru; Mukul Asher of the University of Singapore; and Peter Ferrara, chief economist at Americans for Tax Reform and an associate policy analyst at the Cato Institute. Excerpts from their remarks follow.
- Topic:
- Economics, Government, and International Political Economy
- Political Geography:
- London
58649. America's Maligned and Misunderstood Trade Deficit
- Author:
- Daniel T. Griswold
- Publication Date:
- 04-1998
- Content Type:
- Working Paper
- Institution:
- The Cato Institute
- Abstract:
- America's annual trade deficit, already large by historical standards, could reach a new record in 1998, fueling protectionist sentiment in Congress. Political fallout from the trade deficit numbers could impede efforts to reduce barriers to trade in the United States and abroad. Contrary to popular conception, the trade deficit is not caused by unfair trade practices abroad or declining industrial competitiveness at home. Trade deficits reflect the flow of capital across international borders, flows that are determined by national rates of savings and investment. This renders trade policy an ineffective tool for reducing a nation's trade deficit.
- Topic:
- Economics and Political Economy
- Political Geography:
- United States
58650. The Specter of Pervasiveness: Pacifica, New Media, and Freedom of Speech
- Author:
- Jonathan D. Wallace
- Publication Date:
- 02-1998
- Content Type:
- Working Paper
- Institution:
- The Cato Institute
- Abstract:
- Under the legal doctrine of pervasiveness, media such as television and radio get much less protection from censorship than do print media. The Supreme Court should reject the pervasiveness doctrine as a dangerously broad and vague excuse for speech regulation. If the doctrine applies to any medium, it could arguably apply to all media. The pervasiveness doctrine thus threatens to curtail the First Amendment's protection of freedom of speech.
- Topic:
- Government, Industrial Policy, Political Economy, and Science and Technology
58651. Europarliament and Environmental Leglislation: The Case of Chemicals
- Author:
- George Tsebelis and Anastassios Kalandrakis
- Publication Date:
- 07-1998
- Content Type:
- Working Paper
- Institution:
- Institute of European Studies (IES), UC Berkeley
- Abstract:
- The paper studies the impact of the EP on legislation on chemical pollutants introduced under the Cooperation procedure. A series of formal and informal analyses have predicted from significant impact of the EP, to limited impact (only in the second round) to no impact at all. Through the analysis of Parliamentary debates as well as Commission and Parliamentary committee documents, we are able to assess the significance of different amendments, as well as the degree to which they were introduced in the final decision of the Council. Our analysis indicates first that less than 30% of EP amendments are insignificant, while 15% are important or very important; second, that the probability of acceptance of an amendment is the same regardless of its significance. Further analysis indicates two sources of bias of aggregate EP statistics: several amendments are complementary (deal with the same issue in different places of the legal document), and a series of amendments that are rejected as inadmissible because they violate the legal basis of the document or the germainess requirement) are included in subsequent pieces of legislation. We calculate the effect of these biases in our sample, and find that official statistics underestimate Parliamentary influence by more that 6 percentage points (49% instead of 56% in our sample). Finally, we compare a series of observed strategic behaviors of different actors (rapporteurs, committees, floor, Commission) to different expectations generated by the literature.
- Topic:
- Environment, Industrial Policy, and Political Economy
- Political Geography:
- Europe
58652. The Future of the Public Sector--The Challenges for Policy Research in a Changing Environment
- Author:
- George Galster
- Publication Date:
- 09-1998
- Content Type:
- Working Paper
- Institution:
- Urban Institute
- Abstract:
- As we approach the 21st century, the public seems increasingly disenchanted with the record of government, and less and less inclined to believe in the value of empirical analysis as a guide to action. Evidence of the loss of confidence in the public sector's ability to operate effectively and efficiently is found in opinion polls, falling rates of electoral participation, and the rising influence of "anti-government" politicians. In such an environment, it is useful to reflect on the historical role that applied social science has played in the public sector and the role it might play in the future.
- Topic:
- Government
- Political Geography:
- United States
58653. Immigrants in New York: Their Legal Status, Incomes, and Taxes
- Author:
- Jeffrey S. Passel and Rebecca L. Clark
- Publication Date:
- 04-1998
- Content Type:
- Working Paper
- Institution:
- Urban Institute
- Abstract:
- This report provides essential demographic and economic information on legal immigrants residing in New York State and addresses significant shortcomings in the existing data for immigrants and in analyses of fiscal impacts of legal immigrants. It focuses on four major issues: the size of the legal immigrant populations; the characteristics of legal status groups, including both legal and undocumented populations; the incomes and taxes paid by immigrant populations and natives; and the economic adaptation of immigrants and their descendants.
- Topic:
- Government, International Law, and Migration
- Political Geography:
- United States and New York
58654. The Number and Cost of Immigrants on Medicaid: National and State Estimates
- Author:
- Leighton Ku and Bethany Kessler
- Publication Date:
- 09-1998
- Content Type:
- Working Paper
- Institution:
- Urban Institute
- Abstract:
- This work was conducted under Subtask 2.2.12 of HHS Contract HHS-100-94-1009. Many constructive comments were provided by staff of the Department of Health and Human Services, including Linda Sanches, David Nielsen, Penelope Pine and Bob Tomlinson. We gratefully acknowledge data and advice made available by Ron North and Roger Buchanan of the Health Care Financing Administration and Charles Scott of the Social Security Administration. Many colleagues at the Urban Institute offered useful advice or data, including Brian Bruen, Rebecca Clark, Teresa Coughlin, Linda Giannarelli, Jeff Passel, Karen Tumlin and Wendy Zimmerman. All opinions expressed are the authors' and should not be interpreted as opinions of the Urban Institute or the Department of Health and Human Services.
- Topic:
- Government and Migration
- Political Geography:
- United States
58655. Information Technology and Economic Development: An Introduction to the Research Issues
- Author:
- Matti Pohjola
- Publication Date:
- 11-1998
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- There is substantial evidence that new information technologies are in many ways transforming the operations of modern economies. More than half of employees use a computer at work in the most advanced industrial countries. About 10 per cent of the value of all private investment in fixed non-residential capital is devoted to computers and peripheral equipment in the United States and some other economies. This share goes up to 25 per cent when investment in information processing equipment is included. Nevertheless, all spending on information technology, including hardware, software and services, does not amount to more than 3-4 per cent of nominal GDP in these countries. The share is, however, increasing rapidly, indicating that a steady state has not yet been reached.
- Topic:
- Economics, Government, and Science and Technology
- Political Geography:
- United States
58656. Computers and Labour Markets: International Evidence
- Author:
- Francis Kramarz
- Publication Date:
- 10-1998
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- The rapid diffusion of computers has widely changed the consequences of computer use on the labour market. While at the beginning of the eighties knowledge of computers was an obvious advantage in a career, this same knowledge is now so commonplace that the inability to use these tools is widely seen in many industries as a professional handicap. In relation to such drastic transformations, changes in the North American wage structure during the eighties in favour of the better educated have been interpreted by many analysts as evidence of skill-biased technical change. Evidence outside the US, and in particular in Europe, seems to support the idea that similar transformations affected most other labour markets.
- Topic:
- Economics, Government, and Science and Technology
- Political Geography:
- United States and Europe
58657. Underdevelopment, Transition and Reconstruction in Sub-Saharan Africa
- Author:
- Tony Addison
- Publication Date:
- 10-1998
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- Reconstructing Africa's war damaged economies is an urgent task. This is especially so in a group of countries - Angola, Eritrea, Ethiopia, Guinea-Bissau, and Mozambique - which must also complete their economic and political transition from state socialism. Somalia, which shares their common history, must eventually be rebuilt. All of these countries must address their deep problems of underdevelopment and poverty. The challenges are therefore three-fold: to overcome underdevelopment, to make the transition from state socialism, and to reconstruct economies and societies.
- Topic:
- Democratization, Development, Economics, and Emerging Markets
- Political Geography:
- Africa, Mozambique, Ethiopia, Somalia, Angola, Eritrea, and Guinea-Bissau
58658. Resource Abundance and Economic Development: Improving the Performance of Resource-Rich Countries
- Author:
- Richard M. Auty
- Publication Date:
- 09-1998
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- Since the 1960s the resource-rich developing economies have under-performed compared with the resource-deficient economies. This paper explains why and outlines the reforms that are required in order to achieve environmentally and socially sustainable resource-rich development. It argues that structural change in the resource-rich countries causes the tradeable sector to shrink vis-à-vis the nontradeables sector (that includes protected manufacturing) in a manner that is not sustainable. This adverse trend in the production structure is associated with policies to close the economy and create discretionary rents behind protective barriers that result in the cumulative misallocation of resources. The build-up of produced capital and skills is slower than in the successful resource-deficient countries. Overall, the inherently slower and less egalitarian economic growth trajectory of the resource-rich countries is intensified and the end result is usually a growth collapse. The collapse causes all forms of capital, including institutional, social and natural capital, to run down. Economic reform is therefore protracted and it may take in excess of one generation to restore sustainable rapid growth. The adverse features of resource-rich development tend to be more pronounced in the smaller countries. They are also heightened where the resource rents accrue mainly to the central government, as in the mineral economies and in the slow-reforming transition economies. Successful reform requires not only appropriate macro and micro policies, but also the construction of institutions to limit the scope for governments to misallocate resources. Part of the explanation for the superior performance of the resource-deficient countries is that their spartan endowment of natural capital acts as a constraint on government failure by placing a premium on the need to nurture scarce resources, including skills, institutions and social capital, and to achieve an efficient allocation of capital.
- Topic:
- Economics, Environment, Government, and International Political Economy
58659. The Role of Knowledge and Capital in Economic Growth
- Author:
- Sergio Rebelo
- Publication Date:
- 09-1998
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- Starting from the celebrated neoclassical (Solow) model of economic growth, this paper discusses new ideas in growth theory focussing on how to make sustained growth feasible. It first reviews models that broadened the notion of capital to include human capital and the state of technology. These extensions of the neoclassical theory are not very satisfying at a descriptive level because productivity growth is associated with either human or physical capital accumulation in a way that does not interact with the invention of new technologies.
- Topic:
- Economics and Science and Technology
58660. The Basel Convention And Transboundary Movements Of Hazardous Wastes
- Author:
- Jonathan Krueger
- Publication Date:
- 05-1998
- Content Type:
- Working Paper
- Institution:
- Chatham House
- Abstract:
- The international community is increasingly turning to the use of multilateral environmental agreements (MEAs) to solve problems of global environmental degradation and transboundary pollution. One of the most important of these MEAs is the 1989 Basel Convention dealing with transboundary movements of hazardous waste. The Convention has been instrumental in helping to eliminate the dumping of industrialized countries' hazardous wastes on developing countries. However, the development of the regime has been slow and it is now tackling the more controversial issue of regulating 'recyclable' hazardous wastes. This briefing paper provides a short guide to the development and current status of the international effort to manage transboundary movements of hazardous wastes.
- Topic:
- Environment and Globalization