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22. Regional Output Differences in International Perspective
- Author:
- Alan Heston and Bettina Aten
- Publication Date:
- 08-2003
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- Accurate regional estimates of output are desired as an indicator of level of development and as a variable used to explain internal migration, demand patterns, fertility and other aspects of behaviour. This chapter explores one often neglected aspect of regional income differences, namely that due to price differences or regional purchasing power parities. When nominal regional income measures are adjusted for these price level differences they are termed real regional incomes. The preferred method of estimating regional purchasing power parities by detailed price comparisons is discussed for Brazil, the United States and the European Union. The empirical thrust of the chapter is an investigation of different methods for estimating regional real incomes based on PPP data for 167 countries and nominal regional incomes and other data for about 870 administrative areas at the subnational level. Even in their present form we believe the real income estimates provided for the geographical units present opportunities for understanding the world economic structure.
- Topic:
- Development, Economics, and International Trade and Finance
- Political Geography:
- United States, Europe, and Brazil
23. Irregular Migration and Asylum Seekers in the Caribbean
- Author:
- Elizabeth Thomas-Hope
- Publication Date:
- 06-2003
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- Irregular migration is increasing in the Caribbean while the opportunities for applying for asylum hardly exist. The policy regarding most Caribbean irregular migrants is based on the view of the potential destinations, namely that the migrants are economic rather than political refugees. Whatever the specific cause of a migrant's departure, the movement is rooted in a complex amalgam of political, socioeconomic and (increasingly) environmental, factors. Thus irregular movements are part of the wider Caribbean migration process. The irregular movements differ from other forms of migration in that they represent the informal sector of migration, providing an alternative to those sectors of national populations that for political or economic reasons fall outside the immigration categories for entry to the United States. Locations in the Caribbean largely provide the intended transit stops to the United States, but with the implementation of policies to interdict migrants at sea, many of these intermediary locations become final destinations and, ultimately, marginalized communities of the migrants themselves and successive generations. These centres are the nodal points of an established transnational network that sustains the ongoing process of irregular migration. The economic and emotional cost and risks faced by the migrants are high, and the economic and political cost and challenges faced by host governments are also high. Irregular migration and the issue of asylum poignantly reflect various aspects of poverty and the vast economic disparities that exist within the region. Further, irregular migration and the question of asylum greatly affect diplomatic relations between Caribbean countries of migration source and destination. Better and more thoughtful policies are needed to address the continuing issues relating to irregular migration.
- Topic:
- Development and Migration
- Political Geography:
- United States, Central America, and Caribbean
24. Developed Country Trade Barriers and the Least Developed Countries: The Economic Results of Freeing Trade
- Author:
- Jon D. Haveman and Howard J. Shatz
- Publication Date:
- 06-2003
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- The Doha Ministerial Declaration emphasized that priority should be given to improving market access for products originating in the Least Developed Countries (LDCs). In this paper, we analyze the importance of this proposition with respect to market access in the Triad economies. We first present a brief history of non-reciprocal preferences granted by the Triad. This covers Generalized System of Preference (GSP) programmes in each, and further preferences granted to African, Caribbean and Pacific countries by the EU and preferences granted to Caribbean Basin, Andean, and African countries by the US. This history is followed by an assessment of trade generated by these preferences in the year 2000, and of the extent to which LDC exports might be expected to increase should the preferences be made comprehensive. Preferences in 2000 are shown to have led to an increase of US$3.5 billion in LDC exports, while a complete duty-free treatment could expand LDC exports by as much as US$7.6 billion, 90 per cent of which will be absorbed by the US. As this represents a doubling of LDC exports to these countries, we interpret these results as an endorsement of this priority in the Doha Round of negotiations.
- Topic:
- Development, Economics, and International Trade and Finance
- Political Geography:
- Africa, United States, and Caribbean
25. Economic Integration and Migration: The Mexico-US Case
- Author:
- Philip Martin
- Publication Date:
- 04-2003
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- This paper explains the evolution and effects of Mexico-US migration, and highlights the NAFTA approach to economic integration, viz., free up trade and investment while stepping up efforts to prevent unauthorized migration. The European Union approach is different: provide aid first, and later free up trade and migration in the expectation that moves toward convergence will ensure minimal migration because trade has become a substitute for migration. The paper concludes that NAFTA will reduce unwanted Mexico-US migration in the medium to long term, and that different initial conditions in Europe mean that there will be relatively little east-west migration when nationals of new entrant EU members achieve freedom of movement.
- Topic:
- Economics and Migration
- Political Geography:
- United States, Europe, and Mexico
26. Trends in Asylum Migration to Industrialized Countries: 1990-2001
- Author:
- Stephen Castles and Sean Loughna
- Publication Date:
- 04-2003
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- The purpose of this paper is to outline trends and patterns in movements of asylumseekers to Western so-called industrialized countries from 1990-2001. The paper begins by characterizing three distinct phases of asylum migration since the end of the Second World War. It then provides background material on global refugee and asylum movements, using statistics from UNHCR. The data for selected receiving countries and regions is discussed, followed by some remarks on changing routes used by asylumseekers. The selected countries and regions are Australia, Canada, the EU and the USA. Finally, we examine some of the causal factors behind asylum migration and attempt to identify their significance upon flows migration.
- Topic:
- Development, Diplomacy, Human Welfare, and Migration
- Political Geography:
- United States, Canada, and Australia
27. The Economic Integration of Immigrants in the United States: Lessons for Policy
- Author:
- George J. Borjas
- Publication Date:
- 12-2003
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- The most important economic feature of immigration to the United States in the post-1965 period has been a significant deterioration in the economic performance of successive immigrant waves. The policy reaction to this trend would obviously differ if the entry wage disadvantage disappeared quickly, as the immigrants assimilated in the American economy and acquired skills and information valuable in the American labour market. This paper examines the determinants of economic assimilation, and discusses how the experience of earlier immigrant waves can provide valuable information about the assimilation process the new immigrants will likely experience.
- Topic:
- Economics and Migration
- Political Geography:
- United States and America
28. Illegal Immigration, Human Trafficking, and Organized Crime
- Author:
- Raimo Väyrynen
- Publication Date:
- 10-2003
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- It is important to make a careful distinction between illegal immigration, human smuggling, and human trafficking which are nested, but yet different concepts. This distinction is relevant because these different categories of the illegal movement of people across borders have quite different legal and political consequences. Human smuggling and trafficking have become a world-wide industry that 'employs' every year millions of people and leads to the annual turnover of billions of dollars. Many of the routes and enclaves used by the smugglers have become institutionalized; for instance, from Mexico and Central America to the United States, from West Asia through Greece and Turkey to Western Europe, and within East and Southeast Asia. More often than not flourishing smuggling routes are made possible by weak legislation, lax border controls, corrupted police officers, and the power of the organized crime. Naturally, poverty and warfare contribute to the rising tide of migration, both legal and illegal.
- Topic:
- Environment and Human Welfare
- Political Geography:
- United States, Europe, Turkey, East Asia, Greece, Asia, Latin America, Central America, North America, Mexico, Southeast Asia, Western Europe, and West Asia
29. Understanding the Silicon Valley Phenomena
- Author:
- Masahiko Aoki and Hirokazu Takizawa
- Publication Date:
- 01-2002
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- This paper analyzes the "Silicon Valley model" as a novel economic institution in the domain of technological product system innovation such as computers. We focus on the information structural relationship as well as governance relationships between venture capitalists and a cluster of entrepreneurial firms. The informational conditions under which the Silicon Valley model is efficient are identified, leading to understanding the significance of standardization of interfaces, modularization and information encapsulation. We then examine the governance/incentive aspect of the model by integrating the models by Aoki (2001) and Baldwin and Clark (2000) to give comparative statics results regarding the optimal number of entrepreneurial firms competing in the same component product. The analyses enable us to evaluate the applicability of the model beyond specific localities and industries.
- Topic:
- Economics and Industrial Policy
- Political Geography:
- United States
30. Institutional Investors, Corporate Ownership, and Corporate Governance: Global Perspectives
- Author:
- Stuart L. Gillan and Laura T. Starks
- Publication Date:
- 01-2002
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- We examine the role of institutional investors in financial markets and in corporate governance. In many countries, institutional investors have become the predominant players in financial markets and their influence worldwide is growing, chiefly due to the privatization and development of pension fund systems. Moreover, foreign institutional investors are becoming a significant presence, bringing their trading habits and corporate governance preferences to international markets. In fact, we argue that the primary actors prompting change in many corporate governance systems are institutional investors, often foreign institutional investors. In other countries the role of institutional investors is limited. Instead, large blockholders, often in the form of individuals, family groups, other corporations, or lending institutions are the dominant players. We present the theoretical arguments for the involvement of investors in shareholder monitoring and a brief history of institutional ownership and activism in the United States and other countries. We also discuss studies of the efficacy of such activism.
- Topic:
- Economics, Government, and International Trade and Finance
- Political Geography:
- United States
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