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391. OECD Territorial Review of Montreal

Publication Date:
02-2004
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
The metropolitan region of Montreal (Metropolitan Montreal) is Canada's second most populous area after Toronto, and is home to almost 3.5 million people. With its low costs, high quality of life, and wide range of industrial, cultural, educational, and social strengths, Montreal has a vibrant and dynamic economy, but its diversity and complexity can lead to institutional isolation and fragmented decision- making.
Topic:
Agriculture, Economics, Environment, Human Rights, International Organization, and Political Economy
Political Geography:
Canada

392. Look at Me Now: The Role of Cross-Listing in Attracting U.S. Investors

Author:
Francis E. Warnock, John Ammer, Sara B. Holland, and David C. Smith
Publication Date:
08-2004
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
We use a comprehensive 1997 survey to examine U.S. investors' preferences for foreign equities. We document a variety of firm characteristics that can influence U.S. investment, but the most important determinant is whether the stock is cross-listed on a U.S. exchange. Our selection bias-corrected estimates imply that firms that cross-list can increase their U.S. holdings by 8 to 11 percent of their market capitalization, roughly doubling the amount held without cross-listing. All else equal, we find that firms experience smaller increases in U.S. shareholdings upon cross-listing if they are Canadian, from English speaking countries, are members of the MSCI World index, or had higher quality accounting standards prior to crosslisting. We argue that these findings suggest that improvements in information production explain U.S. investors' attraction to foreign stocks that cross-list in the United States.
Topic:
Economics, Government, and International Trade and Finance
Political Geography:
United States and Canada

393. All for All: Equality and Social Trust

Author:
Bo Rothstein and Eric M. Uslaner
Publication Date:
12-2004
Content Type:
Working Paper
Institution:
Minda de Gunzburg Center for European Studies, Harvard University
Abstract:
The importance of social trust has become widely accepted in the social sciences. A number of explanations have been put forward for the stark variation in social trust among countries. Among these, participation in voluntary associations received most attention. Yet, there is scant evidence that participation can lead to trust. In this paper, we shall examine a variable that has not gotten the attention we think it deserves in the discussion about the sources of generalized trust, namely equality. We conceptualize equality in two dimensions: one is economic equality and the other is equality of opportunity. The omission of both these dimensions of equality in the social capital literature is peculiar for several reasons. One is that it is obvious that the countries that score highest on social trust also rank highest on economic equality, namely the Nordic countries, the Netherlands, and Canada. Secondly, these are countries that have put a lot of effort in creating equality of opportunity, not least in regard to their policies for public education, labor market opportunities and (more recently) gender equality. The argument for increasing social trust by reducing inequality has largely been ignored in the policy debates about social trust. Social capital research has to a large extent been used by several governments and policy organizations to send a message to people that the bad things in their society are caused by too little volunteering. The policy implication that follows from our research is that the low levels of trust and social capital that plague many countries are caused by too little government action to reduce inequality. However, many countries plagued by low levels of social trust and social capital may be stuck in what is known as a social trap. The logic of such a situation is the following. Social trust will not increase because massive social inequality prevails, but the public policies that could remedy this situation cannot be established precisely because there is a genuine lack of trust. This lack of trust concerns both “other people” and the government institutions that are needed to implement universal policies.
Topic:
Civil Society, Economics, and Gender Issues
Political Geography:
Europe, Canada, and Netherlands

394. La política exterior de las entidades federativas: un estudio comparado

Author:
Jorge A. Schiavon
Publication Date:
08-2004
Content Type:
Working Paper
Institution:
Centro de Investigación y Docencia Económicas
Abstract:
This working paper analyses the causes of the increased international activity of federated states' units, and the way and intensity in which this activity takes place. First, it explains that the growing participation of federal entities in foreign policy is a product, on one hand, of increasing globalization and interdependence in the international system, and, on the other, of the internal processes of liberalization, democratization, and decentralization. Second, using the Mexican case as an example, it explains how the legal rules in the Constitution establish the limits of international participation of the states of the federation; then, it analyses how the institutional configuration, the division of power, and the division of purpose in the system influence the degree of intensity of participation of these federal units in foreign policy issues, within the constitutional limitations. Likewise, it considers economic capacity and geographical location of the states as variables that also seem to influence their degree of activity. Then, it briefly explores how Mexican federal entities have participated in the internacional arena. Finally, it describes the relationships, in terms of foreign policy, between different orders of government in other federal systems, such as Australia, Brazil, Canada, Germany, Switzerland, and the United States, and contrasts these relationships with those in Mexico.
Topic:
International Relations, Foreign Policy, Development, and Government
Political Geography:
United States, Canada, Germany, Australia, Switzerland, and Mexico

395. North American Agriculture under NAFTA

Author:
Gary Clyde Hufbauer, Jeffrey J. Schott, and Yee Wong
Publication Date:
12-2004
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
The NAFTA agreement on agricultural trade consists of three bilateral agreements—between the United States and Mexico, the United States and Cana da, and Canada and Mexico. The US-Canada agreement largely carried into NAFTA the tariff and nontariff barrier rules that had been adopted in the Canada-US Free Trade Agreement (CUSFTA). Under CUSFTA, most agriculture tariffs between the United States and Canada were to be phased out by January 1998, and this schedule was adopted by NAFTA for US-Canada agricultural trade. However, Canada was allowed to maintain permanent tariff-rate-quota (TRQ) restrictions on imports of dairy, poultry, and eggs; and the United States was allowed to maintain TRQs on imports of sugar, dairy products, and peanuts from Canada (see table 1). Although a tariff snapback provision remains in effect until 2008, it has rarely been used by Canada. Agricultural trade between Mexico and Canada was limited by virtually the same restrictions. As might be expected, some agriculture trade associations favored NAFTA and others opposed. Box 1 summarizes the lineup of important trade associations.
Topic:
Agriculture, Economics, and International Trade and Finance
Political Geography:
United States, Canada, North America, and Mexico

396. NAFTA Dispute Settlement Systems

Author:
Gary Clyde Hufbauer, Jeffrey J. Schott, and Yee Wong
Publication Date:
11-2004
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
Building on the 1989 Canada-US Free Trade Agreement (CUSFTA), the NAFTA contains dispute settlement provisions in six separate areas. NAFTA Chapter 11 is designed to resolve investor-state disputes over property rights; Chapter 14 creates special provisions for handling disputes in the financial sector via the Chapter 20 dispute settlement process (DSP); Chapter 19 establishes a review mechanism to determine whether final antidumping and countervailing duty decisions made in domestic tribunals are consistent with national laws; and Chapter 20 provides government-to-government consultation, at the ministerial level, to resolve high-level disputes. In addition, the NAFTA partners created interstate dispute mechanisms regarding domestic environmental and labor laws under the North American Agreement on Environmental Cooperation (NAAEC) and the North American Agreement on Labor Cooperation (NAALC), respectively. This chapter examines the first four dispute settlement systems; the NAAEC and NAALC systems are evaluated in the environment and labor chapters of this book.
Topic:
International Relations, Economics, and International Trade and Finance
Political Geography:
United States and Canada

397. Beginning Again: From Refugee to Citizen

Author:
Ahmed I Samatar
Publication Date:
07-2004
Content Type:
Journal Article
Journal:
Bildhaan: An International Journal of Somali Studies
Institution:
Macalester College
Abstract:
A key feature of this phase of globalization is a speedy catalyzation of a heretofore unseen degree of human mobility and cultural interpenetration. Unlike the earlier epochs in the making of the modern world (16th through the early 20th-century), when Europeans were the main groups leaving their homelands to find better lives in other parts of the word, the contemporary era is witness to a dramatic reversal movement. Many in Africa, Central and South America, and Asia have come or are earnestly planning to lift their heels for the “old” West (even to Southern and Eastern Europe) and “neo-Europe” (e.g., the United States, Canada, Australia, and New Zealand). The phenomenal arrival of tens of thousands of Somalis in the United States within the last two decades (first as a trickle and then in larger numbers since the 1990s) is to a great extent part of this trend. It is a happening that is, in one sense, part of an old story, as President Roosevelt correctly asserted, and a continuous aspect in the quintessential making of these United States, marked by the settlement of people from almost every region of the world. As a matter of fact, since the passage of the Immigration Act of 1965 and the Refugee Act of 1980, more than twenty million legal immigrants have entered the U.S. A dramatic demographic consequence of these flows of people, according to the 2000 U.S. Census, is this: At present, those Americans who are foreign-born and their children compose around one-fifth of the American population. If the Somali presence in America is one slice of the latest iteration, the potential for a decent, let alone notable success—in both material and mental terms—depends on how, individually and collectively, they assess the complexities of the new environment and, subsequently, snatch any legitimate turns of chance. To state this point is not to under estimate how difficult circumstances have been, are, or could be. The life histories of others who came before Somalis, including some of European ancestry (e.g., the Irish and southerners from around the Mediterranean),testify to the cruel treatment that might await and the bogushindrances that one must struggle against during the transition.
Political Geography:
United States, Europe, Canada, Australia, and New Zealand

398. Somali Mental Health

Author:
David McGraw Schuchman and Colleen McDonald
Publication Date:
07-2004
Content Type:
Journal Article
Journal:
Bildhaan: An International Journal of Somali Studies
Institution:
Macalester College
Abstract:
Over the past seven years, there has been a vast influx of Somali refugees and immigrants making their new home in Minnesota, with the overwhelming majority residing in the Twin Cities area of Minneapolis and St. Paul. While official estimates indicate that less than 20,000 Somalis are in Minnesota, it is well accepted that there are actually 50,000–75,000. It is difficult to pinpoint the exact number due to limitations in census data collection and the continual growth resulting from such factors as secondary migration. Since Minnesota has welcomed African immigrants, family members who live in other states within the U.S. and Canada continue to join many newly arrived families. The prospect of Somali immigrants and refugees returning to their homelands is unlikely. Continuing war, civil strife, and economic crises make the outlook for return bleak. Therefore, it is important that Minnesota continue to embrace and welcome Somalis into the community and assist in their acculturation process.
Political Geography:
Africa, United States, and Canada

399. The European Union: Tackline the threat from Weapons of Mass Destruction

Author:
Gerrard Quille and Stephen Pullinger
Publication Date:
11-2003
Content Type:
Working Paper
Institution:
International Security Information Service
Abstract:
This is the first in a series of Discussion and Policy Papers - published by ISIS Europe and Saferworld - that will trace, analyse and contribute towards developments in the European Union's emerging strategy against the proliferation of weapons and materials of mass destruction (WMD). This first paper has been written for circulation at the EU's Inter - Parliamentary Conference on the 'Non - proliferation and Disarmament Co - operation Initiative' within the framework of the G8 'Global Partnership against Materials and Weapons of Mass Destruction', launched in Kananaskis, Canada in July 2002. The authors welcome the initiative by the European Commission to promote Parliamentary interest in this important area of non - proliferation.
Topic:
Security, Arms Control and Proliferation, and Weapons of Mass Destruction
Political Geography:
Europe and Canada

400. NAFTA and Small Business Competitiveness in Mexico: The Impacts of Free Trade, Macroeconomic Policy, and Firm Management

Author:
Jerry Haar, Catherine Leroy-Beltrán, and Oscar Beltrán
Publication Date:
04-2003
Content Type:
Working Paper
Institution:
The North-South Center, University of Miami
Abstract:
Despite compelling evidence that, for the most part , benefits from the North American Free Trade Agreement (NAFTA) have exceeded its costs in the United States, Canada, and Mexico, the policy debate continues in all three countries as to whether the accord has produced more “winners” or “losers.” In the case of Mexico, the focus country of this research project, both the Institutional Revolutionary Party (Partido Revolucionario Institucional — PRI) and the National Action Party (Partido Acción Nacional — PAN) have been supportive of NAFTA.
Topic:
Economics, Industrial Policy, and International Trade and Finance
Political Geography:
United States, Canada, North America, and Mexico