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1. Mobilizing Memories

Author:
Carol Graham
Publication Date:
04-2019
Content Type:
Special Report
Institution:
Center for Contemporary Arab Studies
Abstract:
Carol Madison Graham (MAAS ’81) was the first MAAS graduate to enter the United States Foreign Service. She reflects on how the 1984 embassy bombing in Beirut inspired her current work to strengthen the Foreign Service for future generations.
Topic:
Foreign Policy, Diplomacy, Violence, and Memoir
Political Geography:
Middle East, Lebanon, North America, and United States of America

2. Happiness and health in China: The paradox of progress

Author:
Carol Graham, Shaojie Zhou, and Junyi Zhang
Publication Date:
06-2015
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
The past two decades in China brought unprecedented rates of economic growth, development, and poverty reduction. Indeed, much of the reduction in the world’s extreme poverty rates during that time can be explained by the millions of people in China who exited poverty. GDP per capita and household consumption increased fourfold between the years 1990 and 2005.1 China jumped 10 places forward on the Human Development Index from 2008 until 2013, moving up to 93 of 187 countries, and life expectancy climbed to 75.3 years, compared to 67 years in 1980.
Topic:
Development, Economics, Health, and Human Welfare
Political Geography:
China

3. Do Trends in U.S. Inequality Matter for Norms of Global Governance? Concepts and Empirics for Debate

Author:
Carol Graham
Publication Date:
01-2014
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
The United States has long been viewed as the "land of opportunity," where those who work hard get ahead. Belief in this feature of American national identity has persisted even though inequality has been rising for de¬cades. In recent years, the trend toward extremes of income and wealth has accelerated significantly, owing to demographic shifts, the skills bias of the economy and fiscal policy. From 1997 to 2007, the share of income accru¬ing to the top 1 percent of U.S. households increased by 13.5 percentage points, which is equivalent to shifting $1.1 trillion in total annual income to this group - more than the total income of the bottom 40 percent of households. The precise impact of inequality on individual well-being remains controversial, partly because of the complex nature of the metrics needed to gauge it accurately, but also because why it matters depends on what it signals. If inequality is perceived to be the result of just reward for individual effort, then it can be a constructive signal of future opportunities. However, if it is perceived to be the result of an unfair system that rewards a privileged few, inequality can undermine incentives to work hard and invest in the future. In this sense, current U.S. trends have been largely destructive. Economic mobility, for example, has declined in recent decades and is now lower than in many other industrialized countries. There is also a strong intergenerational income correlation (about 0.5) in the U.S.; children of parents who earn 50 percent more than the average are likely to earn 25 percent above the average of their generation. In a world in which individuals' fates are increasingly linked and effective gover¬nance depends on some kind of consensus on social and distributive justice norms, growing income differentials in one country - especially one that has long served as a beacon of economic opportunity - can affect behavior elsewhere, both in terms of investments in education and the labor market and the propensity to protest. More generally, declining economic mobility in the U.S. could undermine confidence in the principles of market econo¬mies and democratic governance that America has espoused for decades - principles that are fundamental to many countries' development strategies.
Topic:
Economics, Poverty, Social Stratification, and Labor Issues
Political Geography:
United States and Germany

4. Happy Neighbors Are Good For You, Wealthy Ones Are Not: Some Insights From a First Study of Well-Being in Mongolia

Author:
Carol Graham, Tuugi Chuluun, and Sarandavaa Myanganbuu
Publication Date:
08-2014
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
We conducted the first extensive study of well-being in Mongolia, a country that has experienced a dramatic transition in both its economy and polity in recent decades. We found that most of the standard determinants of well-being were no different in Mongolia than they are for most countries in the world, with individual income, health, marital status and exercise all positively associated with life satisfaction; the same variables had positive but weaker correlations with our hedonic well-being measure. As in many other contexts, we found that, controlling for individual income, average community income was negatively correlated with life satisfaction, although not with hedonic well-being. This is not surprising, as comparison effects are more likely to influence overall life evaluations than they are daily (or weekly) moods and experience. In contrast, average community-level well-being—in both evaluative and hedonic dimensions—was positively associated with individual well-being. While being around wealthier people may generate envy among some, being around happier people has positive externalities (except, perhaps, for the very unhappy). Thus, at least in Mongolia, wealthier neighbors are not necessarily g ood for you, but happier ones surely are.
Topic:
Human Welfare
Political Geography:
Mongolia

5. The IMF's Dilemma in Argentina: Time for a New Approach to Lending?

Author:
Carol Graham and Paul Robert Masson
Publication Date:
11-2002
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
In recent years, the international financial system has faced tremendous challenges, from the Asia, Russia, and Brazil crises in the late 1990s, to Argentina's default and ensuing economic collapse in 2002 to new worries about a possible default in Brazil. An increasing number of observers are questioning the way the international financial institutions manage these crises. An alternative approach that is endorsed in principle by many—including Horst Köhler, the new managing director of the International Monetary Fund (IMF)—is a move toward more selective lending with fewer conditions, with the decision to lend based on a more general and ultimately political assessment of the recipient government's capacity to deliver on its promises. Argentina provides a potential test bed for this approach.
Topic:
International Organization and International Trade and Finance
Political Geography:
Russia, Asia, Brazil, Argentina, South America, and Latin America

6. Putin's Agenda, America's Choice: Russia's Search for Strategic Stability

Author:
Carol Graham
Publication Date:
04-2002
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
In May, President George W. Bush travels to Moscow and St. Petersburg for his fourth summit meeting with Russian President Vladimir Putin. In the past year, Putin has made a number of compromises with America on key questions such as the United States' withdrawal from the 1972 Anti-Ballistic Missile (ABM) Treaty and the presence of U.S. troops in Central Asia. As a result, American commentators have speculated about how many concessions Putin needs from the United States to placate his domestic critics and maintain the positive momentum of U.S.-Russia relations.
Topic:
Human Welfare, International Organization, and Poverty
Political Geography:
Russia, United States, America, Central Asia, and Moscow

7. Strengthening Institutional Capacity in Poor Countries: Shoring Up Institutions, Reducing Global Poverty

Author:
Carol Graham
Publication Date:
04-2002
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
In a speech preceding the recent Financing for Development Conference in Monterrey, Mexico, former International Monetary Fund (IMF) Director Michel Camdessus noted that if the summit could only deliver one thing, it should be extending assistance to enhance institutional capacity in poor countries. Addressing this problem is key to achieving the Millennium Goals—established at the September 2000 UN Millennium summit—of reducing world poverty by half by 2015. Countless development efforts have failed because countries lack institutions with the ability to sustain their economic policies. The crisis in Argentina—triggered in large part by the country's reliance on an inflexible currency regime and by its inability to rein in fiscal flagrancy by local governments—is a case in point. Meanwhile, numerous discussions at Monterrey highlighted weak institutional capacity as a major obstacle to economic development.
Topic:
Human Welfare, International Organization, and Poverty
Political Geography:
Argentina and Mexico

8. Stemming the Backlash Against Globalization

Author:
Carol Graham
Publication Date:
04-2001
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
There is much speculation about a new round of protests at the upcoming meetings of the World Bank and the International Monetary Fund (IMF). The protestors contend that globalization is bad for poor people in poor countries. But the evidence suggests the opposite: that globalization provides the poor in developing countries with new opportunities for upward mobility. Yet it also introduces new vulnerabilities, particularly for those in the middle income strata, which cause even the upwardly mobile in these strata to negatively assess their economic progress. We propose three sets of policies for poor countries — increasing access to higher levels and better quality education, eliminating market distortions that block the upward mobility of the poor (including excessive levels of inequality), and providing more broadly available safety nets for people without steady incomes — that could help prevent these negative sentiments from growing into a broader backlash against globalization, which would ultimately hurt the poor in these countries the most.
Topic:
Development, Globalization, Human Welfare, and Third World

9. Persistent Poverty in Developing Countries: Determining the Causes and Closing the Gaps

Author:
Moeen Qureshi, Meghan O'Sullivan, Michael Walton, Carol Graham, Moises Naim, Jacques Attali, and Nancy Bearg Dyke
Publication Date:
12-1997
Content Type:
Working Paper
Institution:
Aspen Institute
Abstract:
As we start the final countdown to the new century, about one fourth of the world's population—1.3 billion people—live in absolute poverty, while almost another third are very poor by every measure. The blight of poverty thus continues to challenge the international community. Despite globalization, expanding markets, years of anti–poverty efforts and the hopes kindled in the embers of the Cold War, the number of the poor in the world has risen and continues to rise with population growth. The manifestations of extreme poverty and the growing gap between rich and poor, both within and between countries, pose an undeniable threat to the prospects for peace and security and raise concerns about inequity. Given the continued trend toward global interconnectedness, finding solutions to persistent poverty has assumed an unprecedented urgency. However, this pressing international issue is barely visible on the agendas of the industrialized nations, whose interests are affected and whose attention and resources will continue to be indispensable in the fight against poverty. To be sure, there has been progress in poverty reduction, particularly in the last decade as globalization, spreading capitalism and markets, and technological advancement have combined to reduce the percentage of people living in poverty and to create new middle classes. Infant mortality has been cut in half; life expectancy, on average, has increased by a decade. But recent developments in East Asia are a reminder that, even where development and poverty reduction have occurred, the possibility for reversal exists. And the persistently huge numbers of poor and pockets of extreme poverty testify to the unevenness of globalization and the need for new strategies and reinvigorated attention to the problem of poverty. The Aspen Institute International Peace and Security Program convened the conference on “Persistent Poverty in Developing Countries: Determining the Causes and Closing the Gaps” December 14, 1997, to discuss the current trends that affect poverty and suggest ideas for the most effective strategies for poverty eradication in the 21st century. Meeting in Broadway, England, the 24 experienced and highly respected participants from all regions of the world represented diverse professional and cultural perspectives that enriched the discussion.
Topic:
Economics, Emerging Markets, Globalization, International Political Economy, and Third World
Political Geography:
United States