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61. Economic Development and Growth: A Survey

Author:
Meir Kohn
Publication Date:
10-2009
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
The most basic challenge for economics is to understand the nature and causes of economic progress. But what exactly is to be explained? What are the facts? One very striking fact is historical—the rapid acceleration in the rate of economic progress since the early 1800s. Another is geographical—the huge differences in levels of economic progress in different parts of the world today. The questions virtually ask themselves. Why did economic progress accelerate? Why is it not universal? On the whole, these two questions have been addressed by two different specialized fields within economics. Economic history has addressed the question of change over time, and development economics has addressed the question of contemporary differences across countries.
Topic:
Economics and War
Political Geography:
England

62. The Rise of English: The Language of Globalization in China and the European Union

Author:
Anne Johnson
Publication Date:
01-2009
Content Type:
Journal Article
Journal:
Macalester International
Institution:
Macalester College
Abstract:
It is everywhere. Some 380 million people speak it as their first language and perhaps two-thirds as many again as their second. A billion are learning it, about a third of the world's population are in some sense exposed to it and by 2050, it is predicted, half the world will be more or less proficient in it. It is the language of globalisation—of international business, politics and diplomacy. It is the language of computers and the Internet. You'll see it on posters in Cote d'Ivoire, you'll hear it in pop songs in Tokyo, you'll read it in official documents in Phnom Penh. Deutsche Welle broadcasts in it. Bjork, an Icelander, sings in it. French business schools teach in it. It is the medium of expression in cabinet meetings in Bolivia. Truly, the tongue spoken back in the 1300s only by the 'low people' of England, as Robert of Gloucester put it at the time, has come a long way. It is now the global language.
Political Geography:
China, Europe, and England

63. Inventing Human Rights: A History

Author:
Bronwyn Leebaw
Publication Date:
03-2008
Content Type:
Journal Article
Abstract:
In the second half of the eighteenth century, epistolary novels became popular in France and England, people began listening to the opera in silence rather than walking around to converse with friends, and efforts were made to prevent theater-goers in Paris from disrupting performances by coordinating their coughing and farting. For Lynn Hunt, these changes in the daily lives of Europeans are intrinsically related to the development of universal human rights. In this rich and beautifully written work, Hunt argues that human rights rely upon our ability to empathize with strangers. The changing habits and experiences of late-eighteenth-century Europe fostered new understandings of individuality and empathy, which would support the expansion of rights.
Topic:
Human Rights
Political Geography:
Europe, Paris, France, and England

64. It's Only Going to Get Worse

Author:
Lawrence B. Lindsey
Publication Date:
06-2008
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
America has not had a nationwide housing crash since the 1930s. At one point during that calamity, an estimated 60 percent of all mortgages were in technical default. The rather primitive housing credit system of the time, which relied on five-year balloon mortgages, certainly exacerbated the problem, but the bulk of the problem was related to the general economic downturn. There have been some regional housing crashes that were short and relatively mild, most notably in California, Texas, and New England in the late 1980s and early1990s. Most of those were caused by declines in key local industries: oil in Texas, aerospace and defense in Southern California and Massachusett.
Topic:
Economics and Markets
Political Geography:
United States, California, and England

65. Global Rebalancing

Author:
John H. Makin
Publication Date:
10-2007
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
The global economic and financial picture is changing rapidly. A review of some of the key elements is in order, as the U.S. economy has slowed rapidly and the Federal Reserve has responded aggressively with rate cuts, while the Bank of England's tough policies pushed one of the United Kingdom's largest mortgage lenders, Northern Rock, to the brink of collapse as a bank run on that suddenly beleaguered institution ensued. Meanwhile, Japan, still the world's second-largest economy—though perhaps the least dynamic of the major ones—slipped into negative growth at a 1.2 percent annual rate in the second quarter after having initially reported growth over 2 percent. The rate-boost-obsessed Bank of Japan finally decided to stop raising rates, and, to add to the complexity of the picture, Japan's relatively new prime minister Shinzo Abe resigned, unable to provide the leadership sorely needed in a nation lacking economic and political direction.
Topic:
Economics, International Trade and Finance, and Markets
Political Geography:
United States, Japan, United Kingdom, and England

66. The State of American Cities

Author:
Bruce Katz and Alan Berube
Publication Date:
11-2006
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
This summary report provides an overview of The State of American Cities. It addresses four major questions that are explored in further detail in the topic report: What are the current trends and drivers of change in US cities? What factors measure and explain city success in the U.S? What policies have promoted the success of US cities? What can English cities learn from this? The report argues that whilst the US and England are marked by significant cultural and political differences in their views on cities, the two nations are undergoing similar economic and demographic transitions that pave the way for a useful comparative policy dialogue on urban areas.
Topic:
Civil Society and Economics
Political Geography:
United States, United Kingdom, America, Europe, and England

67. Central Banks as Agents of Economic Development

Author:
Gerald Epstein
Publication Date:
05-2006
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
In the last two decades, there has been a global sea change in the theory and practice of central banking. The currently dominant 'best practice' approach to central banking consists of the following: (1) central bank independence (2) a focus on inflation fighting (including adopting formal 'inflation targeting') and (3) the use of indirect methods of monetary policy (that is, short-term interest rates as opposed to direct methods such as credit ceilings). This paper argues that this neo-liberal approach to central banking is highly idiosyncratic in that, as a package, it is dramatically different from the historically dominant theory and practice of central banking, not only in the developing world, but, notably, in the now developed countries themselves. Throughout the early and recent history of central banking in the US, England, Europe, and elsewhere, financing governments, managing exchange rates, and supporting economic sectors by using 'direct methods' of intervention have been among the most important tasks of central banking and, indeed, in many cases, were among the reasons for their existence. The neo-liberal central bank policy package, then, is drastically out of step with the history and dominant practice of central banking throughout most of its history.
Topic:
Development and Economics
Political Geography:
United States, Europe, and England

68. Independent Central Banks: New and Old

Author:
John H. Wood
Publication Date:
10-2006
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
In the 1990s, several governments gave their central banks operational independence to pursue low inflation, and steps were taken to make the new monetary policy more credible by making it more transparent (Bernanke et al. 1999). The governor of the Reserve Bank of New Zealand is subject to dismissal if inflation is outside the assigned range. In the United Kingdom, if inflation misses the target by more than 1 percentage point, the governor must explain publicly why the divergence occurred and what steps the Bank of England is taking to deal with it. The new transparency “facilitates public understanding of monetary policy and increases the incentives for the central bank to pursue the announced goals of monetary policy” (Svensson 1999: 631–32). Accountability is increased, indeed made possible, by the choice of a unique objective, which implies “a stronger commitment to a systematic and rational optimizing monetary policy than other monetary policy regimes” (p. 608).
Topic:
Monetary Policy, Inflation, and Central Bank
Political Geography:
England and United States of America

69. The Chosen Nation: The Influence of Religion on U.S. Foreign Policy

Author:
John B. Judis
Publication Date:
03-2005
Content Type:
Policy Brief
Institution:
Carnegie Endowment for International Peace
Abstract:
In putting forth his foreign policy, President George W. Bush speaks of the United States having a “calling” or “mission” that has come from the “Maker of Heaven.” Yet, while he uses explicitly religious language more than his immediate predecessors, there is nothing exceptional about a U.S. president resorting to religious themes to explain his foreign policy. U.S. goals in the world are based on Protestant millennial themes that go back to seventeenth-century England. What has distinguished Bush from some of his predecessors is that these religious concepts have not only shaped his ultimate objectives but also colored the way in which he viewed reality—sometimes to the detriment of U.S. foreign policy.
Topic:
Foreign Policy, Democratization, and Peace Studies
Political Geography:
United States and England

70. Small Leaps or Giant Leaps

Author:
Scott Gottlieb
Publication Date:
07-2005
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
There are seldom eureka moments in health care. Few new drugs or medical devices save scores of lives or cure diseases when they first hit the market. New technologies rarely translate into immediate life expectancy gains, and it is uncommon that results of a single study will transform how medicine is practiced. Medical progress is not magic, and sudden discoveries do not lead to dramatic cures, although a new book by Marcia Angell, a former editor of The New England Journal of Medicine, would lead you to think all of our gains in health have been achieved from just a handful of the most potent new medicines. Instead, medical breakthroughs unfold over time, and gains in life expectancy and health are realized only after a series of small technological advances are collected into new ways of practicing medicine or attacking a disease. The practice of medicine unfolds not in a series of certainties, but in a series of doubts.
Topic:
Civil Society, Development, Human Welfare, and Science and Technology
Political Geography:
England