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131. Thoughts on Medicare for All

Author:
Ilyana Kuziemko
Publication Date:
07-2019
Content Type:
Policy Brief
Institution:
Economics for Inclusive Prosperity (EfIP)
Abstract:
My read of the evidence (and my own social welfare weights, which place great weight on the un- and under-insured as well as middle-class workers who are implicitly taxed via expensive health plans) lead me to conclude that Medicare for All would increase welfare in the US. However, I also want to highlight what I consider the biggest risks of such a policy.
Topic:
Economics, Health, Health Care Policy, and Economic Policy
Political Geography:
United States

132. The Economics of Free College

Author:
David Deming
Publication Date:
06-2019
Content Type:
Policy Brief
Institution:
Economics for Inclusive Prosperity (EfIP)
Abstract:
Despite growing public concern about the cost of college, higher education is still the best investment a young person can make. The American public understands that college is both increasingly necessary and increasingly unaffordable. This dynamic explains the growing public conversation around the idea of “free college”.
Topic:
Economics, Education, Economic Policy, and Higher Education
Political Geography:
United States

133. Carbon Pricing for Inclusive Prosperity: The Role of Public Support

Author:
David Klenert and Linus Mattauch
Publication Date:
08-2019
Content Type:
Policy Brief
Institution:
Economics for Inclusive Prosperity (EfIP)
Abstract:
It is common knowledge among economists that the most efficient instrument to mitigate climate change is a price on carbon. However, current carbon prices around the world are too low to reach global climate targets. This essay assesses the difficulties in designing successful carbon pricing reforms. It discusses how to overcome these difficulties by combining traditional public economics lessons with findings from behavioral and political science. We stress insights from public finance about the “second-best” nature of pricing carbon reforms. Further, we highlight how framing a carbon tax reform around tangible benefits can enhance political support. Finally, we explain how certain countries were successful at introducing high carbon prices and what can be learned from these cases for making progress with climate change mitigation.
Topic:
Climate Change, Economics, Science and Technology, Natural Resources, Global Warming, Green Technology, and Economic Policy
Political Geography:
United States

134. No Data in the Void: Values and Distributional Conflicts in Empirical Policy Research and Artificial Intelligence

Author:
Maximilian Kasy
Publication Date:
08-2019
Content Type:
Working Paper
Institution:
Economics for Inclusive Prosperity (EfIP)
Abstract:
Decision making based on data - whether by policymakers drawing on empirical research, or by algorithms using machine learning - is becoming ever more widespread. Any time such decisions are made, we need to carefully think about the goals we want to achieve, and the policies we might possibly use to achieve them. Data cannot absolve us of this responsibility. They do not allow us to avoid value judgements, and do not relieve us from taking sides in distributional conflicts. This essay introduces a general framework to clarify this point, and then discusses a series of settings in which the choice of objectives (goals) has far-reaching and maybe unexpected implications.
Topic:
Economics, Science and Technology, Labor Policies, Economic Policy, and Artificial Intelligence
Political Geography:
United States

135. Should We Worry About Corporate Leverage?

Author:
Şebnem Kalemli-Özcan
Publication Date:
10-2019
Content Type:
Policy Brief
Institution:
Economics for Inclusive Prosperity (EfIP)
Abstract:
There has been a large increase in corporate leverage in many countries since the early 2000s. Figure 1 plots corporate debt to GDP since 2002 for different groups of countries. With the exception of the U.S., both advanced economies and emerging markets have corporate debt exceeding GDP since 2005. U.S. corporate debt is also on an increasing trend. The fastest growth in corporate debt has been observed in emerging markets. A closer look will reveal that China and other fast growing emerging countries in Asia drive most of the increase in corporate debt for the emerging markets.
Topic:
Debt, Economics, Markets, Regulation, Multinational Corporations, and Economic Policy
Political Geography:
United States and Global Focus

136. A World Dividing: The International Implications of the Sino-American Rift

Author:
Chas W. Freeman Jr.
Publication Date:
11-2019
Content Type:
Policy Brief
Institution:
Quincy Institute for Responsible Statecraft
Abstract:
The Trump administration has declared economic war on China. The United States has raised taxes on Chinese imports to levels not seen since the Smoot–Hawley tariffs of the Great Depression. Over the course of this year, Chinese imports of American goods have decreased by 26.4 percent, while China’s exports to the United States are down 10.7 percent. Washington has embargoed exports to China of a constantly expanding list of high-tech manufactures. It seeks to block Chinese telecommunications companies from third-country markets. The United States has mounted a vigorous campaign to persuade other countries to reject Chinese investments in their infrastructure, notably in the case of 5G telecommunications networks.
Topic:
International Trade and Finance, Global Political Economy, Trade Wars, International Community, and Exports
Political Geography:
United States, China, Asia, and Global Focus

137. Enough Toxic Militarism

Author:
Nikhil Pal Singh
Publication Date:
12-2019
Content Type:
Policy Brief
Institution:
Quincy Institute for Responsible Statecraft
Abstract:
I teach college students at New York University’s campus on Washington Square in Manhattan and in its prison program in upstate New York. My students have never lived in a time when the United States was not at war. Growing up after the Vietnam War, when the United States had converted to an all-volunteer military, the great majority of my N.Y.U. students have not served in uniform, although the military is more likely to be a stop on the itinerary, or part of family experience, for those who end up in prison. For most of them, the wars in which U.S. soldiers and support personnel have been engaged on three continents for the past two decades retain a hazy, distant, and amorphous character; this perception is also typical now among civilian noncombatants. That the consequences of war-fighting remain seemingly remote ironically reinforces war as a natural and unchanging backdrop to social life in the United States today. We are overdue for a major cost accounting and reappraisal of these permanent wars.
Topic:
Foreign Policy, Military Strategy, Military Affairs, Domestic politics, and Military Intervention
Political Geography:
United States

138. The U.S.-South Korea Alliance: Toward a Relationship of Equals

Author:
Jessica J. Lee
Publication Date:
11-2019
Content Type:
Policy Brief
Institution:
Quincy Institute for Responsible Statecraft
Abstract:
President Trump contends that “very rich and wealthy countries” like the Republic of Korea should pay more for American troops stationed in their countries. While a more balanced burden-sharing arrangement is necessary, the U.S.’s demand for a five-fold increase in South Korea’s contribution, from $924 million to $5 billion, threatens to tear apart the bilateral relationship and undermines U.S. interests on the Korean Peninsula. The issue demanding attention is not who pays how much, but whether the existing terms of the U.S.–ROK security relationship remain pertinent or must be revised. The long-term goal of U.S. grand strategy should be to facilitate the creation of a peaceful global order consisting of fully sovereign, law-abiding states capable of providing for their own security. Any state that hosts foreign forces and relies on those forces for its defense is not fully sovereign: It is dependent upon others to ensure its security. This describes the Republic of Korea today.
Topic:
Diplomacy, International Cooperation, Nuclear Weapons, Liberal Order, and Alliance
Political Geography:
United States, Asia, and South Korea

139. On The Question Of Chinese Espionage

Author:
Nicholas Eftimiades
Publication Date:
09-2019
Content Type:
Research Paper
Institution:
Brown Journal of World Affairs
Abstract:
Throughout recorded history, nations have employed spies to support foreign policy goals and military operations. However, such clandestine activities seldom become the subject of foreign policy themselves, and intelligence and related activities are rarely subject to public review. Yet in the People’s Republic of China, a massive “whole-of-society” approach to economic espionage is creating a new paradigm for how nations conduct, view, and address intelligence func- tions. In fact, a key element in the United States-China trade war is Washington’s insistence that Beijing cease stealing American intellectual property and trade secrets. China denies the claim, but hundreds of recently prosecuted espionage cases prove otherwise. These espionage activities are changing the global balance of power, impacting U.S. and foreign economies, and providing challenges to domestic and national security, as well as foreign policy formulation. Domesti- cally, they threaten economic security, the protection of critical infrastructure, and intellectual property rights.
Topic:
Foreign Policy, Diplomacy, International Cooperation, International Law, and Espionage
Political Geography:
United States and China

140. Spies, Election Meddling, And Disinformation: Past And Present

Author:
Calder Walton
Publication Date:
09-2019
Content Type:
Research Paper
Institution:
Brown Journal of World Affairs
Abstract:
Spies, election meddling, disinformation, influence operations, data har- vesting: at present, it seems barely a moment passes without another intelligence scandal breaking on our news feeds. Following Russia’s “sweeping and systematic” attack on the 2016 U.S. presidential election—which was intended to support Moscow’s favored candidate, Donald J. Trump, and undermine his opponent, Hillary Clinton—the media frequently labeled the operation “unprecedented.” The social-media technologies that Russia deployed in its cyber-attack on the United States in 2016 were certainly new, but Russia’s strategy was far from unusual. In fact, the Kremlin has a long history of meddling in U.S. and other Western democratic elections and manufacturing disinformation to discredit and divide the West. Russia’s leader, Vladimir Putin, a former KGB officer, has reconstituted and updated the KGB’s old Cold War playbook for the new digital age. This paper, an exercise of applied history, has two aims: first, to understand the history of Soviet disinformation, and second, to make sense of Western efforts to counter it during the Cold War. Doing so provides policy-relevant conclusions from history about countering disinformation produced by Russia and other authoritarian regimes today.
Topic:
Elections, Cybersecurity, Democracy, Election watch, and Espionage
Political Geography:
Russia, United States, and Soviet Union