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152. Job Anxiety Is Real-And It's Global
- Author:
- Sandra Polaski
- Publication Date:
- 05-2004
- Content Type:
- Policy Brief
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- These are not normal times. Two changes in the past decade have produced a huge global oversupply of labor and intense competition for an expanding array of jobs. First, the Cold War's end threw millions of workers, who formerly produced only for the socialist bloc, onto the global labor market. And second, that market has become integrated by technological change that now permits outsourcing of service as well as manufacturing jobs. The current economic recovery will not solve the resulting global mismatch of supply and demand, and it cannot be addressed by the United States alone. Many current policies aggravate the problem. This paper proposes that the United States revise its policies and devote a concerted effort to get the major countries to work together to expand employment at that global level.
- Topic:
- Economics, Globalization, and Industrial Policy
- Political Geography:
- United States
153. Global Financial Integration: A Collection of New Research
- Author:
- Mark Carey
- Publication Date:
- 10-2004
- Content Type:
- Working Paper
- Institution:
- Board of Governors of the Federal Reserve System
- Abstract:
- This introductory note summarizes and draws together the work reported in eight research papers written by staff economists of the Board's Division of International Finance as part of a project on global financial integration. The eight papers are also International Discussion Finance Discussion Papers (IFDPs), the numbers of which are specified on the table of contents that appears herein. When viewing this introduction online, the paper titles appearing on the table-of-contents page are web links that may be used to navigate directly to each paper's on-line file.
- Topic:
- Economics, Globalization, and International Trade and Finance
- Political Geography:
- United States
154. Strategic Moral Diplomacy: Mandela, Qaddafi and the Lockerbie Negotiations
- Author:
- Lyn Boyd Judson
- Publication Date:
- 03-2004
- Content Type:
- Working Paper
- Institution:
- Center for International Studies, University of Southern California
- Abstract:
- On October 29, 1997, South African President Nelson Mandela arrived in Libya to award Colonel Muammar Qaddafi the Good Hope Medal. The Medal, also referred to as the Order of Good Hope, is the highest honor that South Africa can bestow upon a citizen of another country--it would be given a year later to US President Bill Clinton. At the time, Colonel Qaddafi was a pariah in the international community. Libya had been under United Nations sanctions since 1992 for its refusal to hand over the two indicted suspects in the bombing of Pan Am Flight 103 over Lockerbie, Scotland, that killed 270 people.
- Topic:
- International Relations, Globalization, Government, and United Nations
- Political Geography:
- Africa, United States, Libya, United Nations, and Scotland
155. Senator Kerry on Corporate Tax Reform: Right Diagnosis, Wrong Prescription
- Author:
- Gary Clyde Hufbauer and Paul Grieco
- Publication Date:
- 04-2004
- Content Type:
- Policy Brief
- Institution:
- Peterson Institute for International Economics
- Abstract:
- Senator John Kerry has proposed a major overhaul in corporate taxation, with the goal of persuading multinational companies (MNCs) to employ more workers at home and fewer abroad. Kerry has correctly emphasized that domestic production is often taxed at a higher rate than production abroad, but his prescriptions will not boost US jobs.
- Topic:
- Development, Globalization, and International Trade and Finance
- Political Geography:
- United States, South America, Central America, Caribbean, and North America
156. Democratizing Globalization? Impacts and Limitations of Transnational Social Movements
- Author:
- Jackie Smith
- Publication Date:
- 12-2004
- Content Type:
- Working Paper
- Institution:
- Institute on Globalization and the Human Condition, McMaster University
- Abstract:
- This paper examines the organizational foundations for global democracy that have been developed through the efforts of generations of activists who have conceptualized their struggles in transnational or global terms. A broad look at the history of transnational activism shows that the “battle of Seattle” against the World Trade Organization had its origins well before the fall of 1999. It also shows that activists from poor countries have played strong roles in shaping the course of past global activism, and they are likely to play central roles in defining the future course of global struggles for democracy and social justice. Finally, we see that transnational activism has helped cultivate skills, collective identities, and perspectives on global interdependence that affect the possibilities for social movement activism today. At the same time, anti-democratic forces led mainly by the U.S. government have sought to preserve existing relations of domination and exploitation against the latest movement challenges. The current “war on terror” serves to mask a longer-term effort by proponents of economic globalization to restrict public opposition to their agenda. I outline some of the key reactions that the U.S. and other Western governments have taken in response to movement challenges, and I suggest several lessons this analysis uncovers for how activists—primarily those in the U.S. and other Western countries—can work to enhance the struggle for a more democratic global system.
- Topic:
- Globalization, Government, Human Rights, and Non-Governmental Organization
- Political Geography:
- United States
157. Went for Cost, Stayed for Quality?: Moving the Back Office to India
- Author:
- Rafiq Dossani and Martin Kenney
- Publication Date:
- 11-2003
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- Will the next great wave of globalization come in services? Increasingly, components of back-office services, such as payroll and order fulfillment, and some front-office services, such as customer care, are being relocated from the United States and other developed countries to English-speaking, developing nations—especially India, but also other nations, such as the Philippines. Though moving service activities offshore is not entirely new, the pace has quickened of late. The acceleration of this business process offshoring (BPO) is intertwined, though not synonymous, with another phenomenon, namely an increasing willingness by firms to outsource what formerly were considered core activities. It is significant that a substantial number of service activities might move offshore, because it was once thought that service jobs were the future growth area for developed country economies. Manufacturing, by contrast, would relocate to lower labor cost regions offshore. Notably, the services commonly known as “business processes” (BPs) are among the fastest growing job categories in the United States (Goodman and Steadman 2002). Should these jobs begin to move offshore, a new tendency may be under way in the global economy that will be as or more important than the relocation of manufacturing offshore, and might necessitate a rethinking of government policies across a wide spectrum.
- Topic:
- International Relations and Globalization
- Political Geography:
- United States, India, Asia, and Philippines
158. The Paradox of Korean Globalization
- Author:
- Gi-Wook Shin
- Publication Date:
- 01-2003
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- Some months ago a Stanford freshman came to ask for help on his project on Korea. At the time, I thought he was a Korean American, given that his command of both English and Korean is excellent. To my surprise, I learned that he was educated until high school in Korea and had never been to the United States before coming to Stanford. He surprised me further when he told me about his high school, the Korean Minjok Leadership Academy (KMLA). Located in a remote area of Kwangwon province—arguably the more underdeveloped region in South Korea—KMLA aspires to be Korea's version of Eton. The school's goal is to produce Korea's future leaders, and to instill in them a strong national identity (see its website at http://www.minjok.hs.kr). Fascinated by what he told me, I made a visit to his high school in fall 2002.
- Topic:
- Economics, Globalization, and Nationalism
- Political Geography:
- United States, America, Asia, and Korea
159. Contagion: An Empirical Test
- Author:
- Jon Wongswan
- Publication Date:
- 09-2003
- Content Type:
- Working Paper
- Institution:
- Board of Governors of the Federal Reserve System
- Abstract:
- Using the conditional Capital Asset Pricing Model (CAPM), this paper tests for the existence and pattern of contagion and capital market integration in global equity markets. Contagion is defined as significant excess conditional correlation among different countries' asset returns above what could be explained by economic fundamentals (systematic risks). Capital market integration is defined as the situation in which only systematic risks are priced. The paper uses a panel of sixteen countries, divided into three blocs: Asia, Latin America, and Germany-U.K.-U.S., for the period from 1990 through 1999. The results show evidence of contagion and capital market integration. In addition, contagion is found to be a regional phenomenon.
- Topic:
- International Relations, Economics, Globalization, and International Trade and Finance
- Political Geography:
- United States, United Kingdom, Asia, Germany, and Latin America
160. Free Movement of People, Goods, Services and Capital in View of the Context of Stability Pact
- Author:
- Mladen Stanicic
- Publication Date:
- 02-2003
- Content Type:
- Working Paper
- Institution:
- Austrian National Defence Academy
- Abstract:
- The Stability Pact is a strategic concept whose aim is to warrant long- term peace and stability in South-Eastern Europe. It is becoming an indispensable element of the global security structure which is currently being constructed in relations between the big powers, the USA, Russia and China, with the active participation of the United Nations, the European Union, international financial institutions and individual countries. As one of the sponsors of the pact, the European Union is keenly interested in stability and peace among its next-door neighbours, some of whom are covered by the pending eastern enlargement. This enlargement is intended to transcend centuries of civilisational and religious divisions in Europe, the causes of many political and armed conflicts in the past. The vision of Europe in the 21st century, reaching all the way to the borders of the former Soviet Union, is that of a multicultural community encompassing states with diverse civilisational, religious, ethnic and cultural characteristics.
- Topic:
- Security, Globalization, International Cooperation, and International Trade and Finance
- Political Geography:
- Russia, United States, China, Europe, and Eastern Europe