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541. Regulatory Europeanization, National Autonomy and Regulatory Effectiveness: Marketing Authorization for Pharmaceuticals

Author:
Jürgen Feick
Publication Date:
11-2002
Content Type:
Working Paper
Institution:
Max Planck Institute for the Study of Societies
Abstract:
The EC harmonized market entry regulation for pharmaceuticals from the early sixties on, but it achieved neither its goal of uniform national regulatory decisions nor that of automatic mutual recognition. Subsequent attempts to Europeanize the procedures themselves resulted in two alternatives in 1995: a Centralized Procedure for innovative pharmaceutical products implemented at the EU level, and a Decentralized Procedure which tries to assure mutual recognition. First, the paper analyzes the distinctive modes of Europeanization employed in these regulatory alternatives, examining both their impact on the effectiveness of European governing and the balance they strike between European interventionism, national participation and national autonomy. Second, it tries to assess whether Europeanization furthers the goals of pharmaceutical market entry policy as defined in European regulations – public health protection, creation of a single market and the reduction of regulatory costs to industry. There is little evidence that the public's health is less well protected when regulation is Europeanized. Only the Centralized Procedure contributes significantly to the goal of establishing a single market. Regulatory costs in terms of approval time did go down especially for pharmaceutical firms using the Centralized Procedure, mainly because of efficiency-enhancing legal provisions and institutionally induced regulatory competition between national authorities.
Topic:
Economics, International Trade and Finance, and Science and Technology
Political Geography:
Europe

542. Business Interest Representation and European Commission Fora: A Game Theoretic Investigation

Author:
Andreas Broscheid and David Coen
Publication Date:
07-2002
Content Type:
Working Paper
Institution:
Max Planck Institute for the Study of Societies
Abstract:
The relationship between business and the EU institutions has evolved from its corporatist origins into a complex elite pluralist arrangement centered around industrial fora and policy committees. We view the growth of forum politics as the direct consequence of the unprecedented boom in economic and public interest lobbying in the early 1990s: While the increase in European interest representation provided greater legitimacy for the European integration program, it put a strain on the existing open pluralist European business-government relationship. One of the European Commission's (EC) informal solutions was to create restricted-entry policy fora and select committees, which it hoped would provide fast and reliable decision-making. Employing a formal model of industrial fora and committees, we specify the mechanisms that we believe caused the establishment of the current elite pluralist system of interest representation in the EU. We argue that in the process of establishing selective-entry fora for interest representation, the European Commission acted not only as policy entrepreneur, but also as a political entrepreneur, fostering collective action.
Topic:
Government, International Trade and Finance, and Political Economy
Political Geography:
Europe

543. Does a Switch of Budget Regimes Constrain Managerial Discretion? Evidence for Italian Public Enterprises' Investment

Author:
Elisabetta Bertero and Laura Rondi
Publication Date:
03-2002
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
This study examines the effect of the hardening of the budget constraint on the investment behaviour of Italian state owned enterprises (SOEs). It carries out a natural experiment that exploits the 1987 shift of budget regimes due to the pressure of European Union economic policies on the Italian government.Drawing from the theory of capital market imperfections, we apply the empirical framework for the analysis of investment-cash flow sensitivity to a panel of state-owned manufacturing firms during the period 1977-93. We parallel state firms to Anglo-Saxon public corporations which, under separation of ownership and control, are afflicted by agency problems, managerial discretion, misallocation of free cash-flow and overinvestment. We argue that, under a soft budget constraint, state firms' managerial discretion and, in particular, collusion between managers and vote-seeking politicians, lead to wasteful investment.
Topic:
Economics and International Trade and Finance
Political Geography:
Europe and Italy

544. Hardening a Soft Budget Constraint Through 'Upward Devolution' to a Supranational Institution: The Case of Italian State-Owned Firms and the European Union

Author:
Elisabetta Bertero and Laura Rondi
Publication Date:
01-2002
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
This paper contributes to the literature on the role of decentralization in hardening the budget constraint of public enterprises. Following Qian and Roland the study adopts a 'federalist' approach. However, it interprets federalism as the upward devolution of domestic economic policies to a supranational authority and examines its role in disciplining public enterprises operating in a soft budget regime. The methodology is a case study of the shift in budget regime in Italy in the late 1980s. The study shows that a determinant role in driving this shift was played by European economic policies. The discipline imposed by participation in the EMS, the Single Market Programme and, later, the requirements to enter the EMU pushed the Italian government toward a much tougher approach to its budget deficit.
Topic:
Economics, Government, and International Trade and Finance
Political Geography:
Europe

545. Inauguration of the Euroregion

Publication Date:
10-2002
Content Type:
Working Paper
Institution:
EastWest Institute
Abstract:
At the strong initiative of the Mayors of the ci ties of Niš, Skopje and Sofia, and with the active support of the EastWest Institute's Programme for Transfrontier Cooperation, a long-term process was launched to intensify transfrontier cooperation between the border regions of the Republic of Bulgaria, the FY R Macedonia and the FR of Yugoslavia. The overall objective of this initiative is to employ intensified cross-border cooperation as a tool for regional economic development and integration within this Niš-Skoplje-Sofia Triangle, as well as to foster conditions of prosperity, security and peaceful co-existence between neighboring peoples and states.
Topic:
Development, Economics, and International Trade and Finance
Political Geography:
Europe, Yugoslavia, Bulgaria, and Macedonia

546. From Pre-Bush to Bush to Post-Sep-11-Bush: Changes In Transatlantic Relations —The Particular Case of Germany

Author:
Michaela Hertkorn
Publication Date:
04-2002
Content Type:
Working Paper
Institution:
Columbia International Affairs Online
Abstract:
"There is the perception that, while France is a complicated country, but not posing a problem, Germany is not a complicated case, but can pose a problem." "America and Germany will never drift apart. We have never been closer. Any tensions are simply due to 'Reibungsverluste durch Nähe'. It is a relationship of grown up kids with their parents.
Topic:
Foreign Policy, Diplomacy, and International Trade and Finance
Political Geography:
United States and Europe

547. Evolution of Japan's Policy Toward Economic Integration

Author:
Naoko Munakata
Publication Date:
12-2001
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
On October 22, 2000, Japanese Prime Minister Yoshiro Mori and Singapore Prime Minister Goh Chok Tong agreed to formal negotiations for the Japan-Singapore Economic Agreement for a New Age Partnership (JSEPA) in January 2001, in light of the September 2000 report from the Japan-Singapore Free Trade Agreement (JSFTA) Joint Study Group. It was the first time Japan entered into negotiations concerning regional economic integration. With a strong emphasis on the need to address the new challenges globalization and technological progress pose; the Joint Study Group explored a possible .New Age FTA. between the two countries, which Prime Minister Goh proposed in December 1999. Thus, for Japan the JSEPA marked a major turning point in promoting regional economic integration.
Topic:
Security, Foreign Policy, and International Trade and Finance
Political Geography:
Russia, United States, Japan, China, Europe, Israel, and Asia

548. The Japan-China Summit and Joint Declaration of 1998: A Watershed for Japan-China Relations in the 21st Century?

Author:
Kazuo Sato
Publication Date:
01-2001
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
The November 1998 state visit to Japan by Chinese President Jiang Zemin was historically significant in that it was the first visit to Japan by a Chinese head of state. However, many people, including policymakers in Japan, had the impression that the visit not only failed to promote Japan-China relations, but actually strengthened anti-Chinese sentiments among the Japanese public. Nevertheless, both governments treated the Japan-China Joint Declaration On Building a Partnership of Friendship and Cooperation for Peace and Development—issued by the two governments on the occasion of visit—as a third important bilateral document, following the 1972 Joint Communiqué and the 1978 Treaty of Peace and Friendship. The two sides repeatedly have stressed that all problems should be handled in line with these three documents. There is a belief, especially among policymakers, that the 1998 Joint Declaration will be the bilateral framework upon which a strong partnership will be built for at least the first decade of the 21st century.
Topic:
Security, Foreign Policy, and International Trade and Finance
Political Geography:
Russia, United States, Japan, China, Europe, Israel, East Asia, and Asia

549. Perceptions on Free Trade: The Korean Debate Over the Japan-Korea Free Trade Agreement

Author:
Chungsoo Kim
Publication Date:
09-2001
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
This paper analyzes the Korean public mindset on the country's external economic relations in general, and its efforts of market opening in particular, with the Japan-Korea Free Trade Area (JKFTA) as the case in point.
Topic:
Security, Foreign Policy, and International Trade and Finance
Political Geography:
Russia, United States, China, Europe, Israel, East Asia, and Asia

550. Significant Changes in the Chinese Television Industry and Their Impact in the PRC: An Insider's Perspective

Author:
Li Xiaoping
Publication Date:
08-2001
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
The television services of China have undergone dramatic changes since the policy of open door economic reform was introduced in the late 1970s. Few research studies, however, have been conducted in the United States and other Western countries on what, specifically, these changes are, and how they affect the lives of Chinese people and shape the media's role in Chinese society. This paper will outline the significant structural changes in the Chinese television industry, particularly at China Central Television (CCTV); it will also analyse the phenomenon of a highly popular program, 'Focus', (Jiao Dian Fang Tan) and its impact on Chinese politics and society. Based on this analysis, this paper will discuss relevant issues surrounding mainland Chinese media, including its editorial freedom and independence, expanding impact on policymaking, and, finally, its future role in the continued liberalization and democratization of China.
Topic:
Security, Foreign Policy, and International Trade and Finance
Political Geography:
Russia, United States, China, Europe, Israel, East Asia, and Asia