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161. Market Comrades

Author:
R. Glenn Hubbard
Publication Date:
09-2005
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
Ceremonial gift-giving is an integral part of doing business in China. The value lies not so much in the gift (whose packaging is often more elaborate), but in the possibility of cementing a mutually beneficial relationship. And so it was a few weeks ago with the headline-grabbing announcement that China would revalue the yuan against the U.S. dollar. The modest gesture may make more possible a comprehensive economic dialogue between China and the United States in the interest of both nations. The announcement on July 21 by the People's Bank of China that it would revalue the yuan, abandoning the eleven-year-old peg of 8.28 yuan per U.S. dollar, caught financial markets by surprise. The jolt led market participants to gauge effects of current (and perhaps future) revaluations on currency values and interest rates. And, some U.S. political leaders claimed a victory in the campaign to blame Chinese “market manipulation” for external imbalances facing the United States.
Topic:
Economics, Emerging Markets, and International Trade and Finance
Political Geography:
United States, China, and Asia

162. A Bias against the Best and Brightest

Author:
John R. Lott Jr.
Publication Date:
06-2005
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
Statistical evidence indicates that qualifications, experience, and potential influence are far greater factors in delaying or rejecting judicial nominees than perceptions of extremism.
Topic:
Development, Government, and Politics
Political Geography:
United States

163. European Defense Reform Print Mail: The Beginning of the Beginning

Author:
Radek Sikorski
Publication Date:
09-2004
Content Type:
Working Paper
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
Europe has been slow to respond to the menace of terrorism, but there are signs that its perception of threats is converging with that of the United States. Paradoxically, America's costly war in Iraq is convincing Europeans that they need a more capable military to give them greater influence over how the West uses force beyond its perimeter.
Topic:
Security and Terrorism
Political Geography:
United States, America, and Europe

164. Analyzing the Kerry and Bush Health Proposals

Author:
Joseph Antos, Roland (Guy) King, Donald Muse, Wildsmith. Tom, and Judy Xanthopoulos
Publication Date:
09-2004
Content Type:
Working Paper
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
The number of Americans without health insurance remains high. According to the latest Census Bureau figures, 45 million people were uninsured during 2003, an increase of almost 1.4 million from the year before. About 15.6 percent of the population did not have health insurance last year. That is the highest rate of non-coverage since 1998, when 16.3 percent were uninsured.
Topic:
Government, Human Welfare, and Politics
Political Geography:
United States

165. The United States, China, and the Rise of Asian Regionalism

Author:
Claude E. Barfield
Publication Date:
09-2004
Content Type:
Working Paper
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
The goal of this paper is to analyze the evolution of trade relations between the United States and China, against the background of rising East Asian regionalism. It will also put forward policy options for the United States and China in response to the changing economic realities in East Asia.
Topic:
Foreign Policy and International Trade and Finance
Political Geography:
United States, China, Israel, and East Asia

166. The Politics of Compassion

Author:
Karlyn H. Bowman
Publication Date:
08-2004
Content Type:
Working Paper
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
In 1976, for the first time as far as we can tell, a pollster asked people about various qualities that were important for a president to have and included “compassion” as an option people could choose. Seventy-four percent chose “placing the country's interests above their own,” 73 percent “intelligence,” 68 percent “sound judgment in a crisis” and, separately, “competence or ability to get the job done,” and 67 percent “compassion, concern for little man/average citizen.” [All questions discussed in this introduction appear below.] At about that time, Gallup asked several questions that compared Jimmy Carter and Gerald Ford on this quality. Since that time, in every election, pollsters have compared candidates (and rated presidents) on being compassionate. The National Election Pool exit pollsters compared the Democratic candidates on it in the 2004 primaries. In January 2004, Princeton Survey Research Associates/Newsweek interviewers asked whether George W. Bush and, separately, John Kerry cared about people like you. In February, Harris, CNN, and Time asked whether each man cared about the average American. Also in February, Gallup, CNN, and USA Today interviewers asked which candidate was more in touch with the problems of ordinary Americans.
Topic:
Economics, Government, and Human Welfare
Political Geography:
United States and America

167. U.S.–Latin American Relations: The Prospect

Author:
Mark Falcoff
Publication Date:
07-2004
Content Type:
Working Paper
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
This series began more than a dozen years ago with an essay titled “U.S.-Latin American Relations: Where Are We Now?” Since this is the last issue of Latin American Outlook, it seems worthwhile to pose the question again.
Topic:
Foreign Policy and Politics
Political Geography:
United States, South America, Latin America, Central America, and North America

168. European and American Approaches to Antitrust Remedies and the Institutional Design of Regulation in Telecommunications

Author:
J. Gregory Sidak and Damien Geradin
Publication Date:
01-2004
Content Type:
Working Paper
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
In the United States and the European Union, the topic of remedies in network industries cuts across antitrust law and sector-specific regulation, including telecommunications. The legal and economic understandings of a “remedy” are not always synonymous. In both legal systems, a remedy is the corrective measure that a court or an administrative agency orders following a finding that one or several companies had either engaged in an illegal abuse of market power (monopolization in the US and abuse of dominance in the EC) or are about to create market power (in the case of mergers). With the exception of merger control where remedies seek to prevent a situation from occurring, legal remedies are retrospective in their orientation. They seek to right some past wrong. They may do so through the payment of money (whether that is characterized as the payment of damages, fines, or something else). Or they may seek to do so through a mandated change in market structure (“structural” remedies), as in the case of divestiture, or in the imposition of affirmative or negative duties (“behavioral” remedies). United States v. Microsoft Corp (U.S. Court of Appeals for the D.C. Circuit, 2001). presented the tradeoff between these various remedial alternatives.
Topic:
Government and International Trade and Finance
Political Geography:
United States and Europe

169. Direct-to-Consumer Advertising of Prescription Medicines in the United States and New Zealand: An Analysis of Regulatory Approaches and Consumer Responses

Author:
John E. Calfee, Philip Gendall, and Janet Hoek
Publication Date:
05-2004
Content Type:
Working Paper
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
New Zealand and the United States are the only two advanced nations to permit direct-to-consumer advertising (DTCA) of prescription medicines, but they use very different regulatory regimes. This paper examines the evolution of DTCA in both countries, compares the New Zealand self-regulatory model with regulation by the US Food and Drug Administration, and examines consumer survey results from both nations. Surveys reveal striking consistencies in overall attitudes towards DTCA, albeit with strong differences on a few topics directly affected by differences in regulations, such as the balance of risk and benefit information. Consumers think DTCA helps them learn about new drugs and talk to their doctors about possible treatments, with little apparent negative impact on patient-doctor communications. Regulation in New Zealand is more efficient than American regulation, although more effective disclosure of risk information could address concerns raised by New Zealand consumer groups.
Topic:
Government and Human Welfare
Political Geography:
United States, Southeast Asia, and New Zealand

170. America Passes the Religious Test

Author:
James Q. Wilson
Publication Date:
12-2004
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
Contemporary concerns about the influence of religion in U.S. politics tend to ignore the significant contributions made by religion in shaping American democracy. Pluralism of sects explains why religion has been so important in U.S. history and continues to thrive in America.
Topic:
International Relations, Foreign Policy, Democratization, and Economics
Political Geography:
United States and America