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7561. Composite Indexes of Leading, Coincident, and Lagging Indicators: June 1998

Publication Date:
08-1998
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The leading index decreased 0.2 percent, the coincident index increased 0.1 percent, and the lagging index increased 0.6 percent in June. Taken together, the three composite indexes and their components show a moderating economy: The coincident indicators point to economic activity rising at faster pace than the latest GDP figures, but slower than the 4th quarter of 1997 and the 1st quarter of 1998. (The coincident index rose 3.1 percent while GDP rose 1.4 percent, annualized, in the 2nd quarter of 1998). A two-month decline in the leading indicators signals slower growth ahead and only a slight risk of a contraction. The lagging indicators show slight evidence of cyclical imbalances that could jeopardize the economyÕs stability.
Topic:
Economics
Political Geography:
United States

7562. America's Maligned and Misunderstood Trade Deficit

Author:
Daniel T. Griswold
Publication Date:
04-1998
Content Type:
Working Paper
Institution:
The Cato Institute
Abstract:
America's annual trade deficit, already large by historical standards, could reach a new record in 1998, fueling protectionist sentiment in Congress. Political fallout from the trade deficit numbers could impede efforts to reduce barriers to trade in the United States and abroad. Contrary to popular conception, the trade deficit is not caused by unfair trade practices abroad or declining industrial competitiveness at home. Trade deficits reflect the flow of capital across international borders, flows that are determined by national rates of savings and investment. This renders trade policy an ineffective tool for reducing a nation's trade deficit.
Topic:
Economics and Political Economy
Political Geography:
United States

7563. The Future of the Public Sector--The Challenges for Policy Research in a Changing Environment

Author:
George Galster
Publication Date:
09-1998
Content Type:
Working Paper
Institution:
Urban Institute
Abstract:
As we approach the 21st century, the public seems increasingly disenchanted with the record of government, and less and less inclined to believe in the value of empirical analysis as a guide to action. Evidence of the loss of confidence in the public sector's ability to operate effectively and efficiently is found in opinion polls, falling rates of electoral participation, and the rising influence of "anti-government" politicians. In such an environment, it is useful to reflect on the historical role that applied social science has played in the public sector and the role it might play in the future.
Topic:
Government
Political Geography:
United States

7564. Immigrants in New York: Their Legal Status, Incomes, and Taxes

Author:
Jeffrey S. Passel and Rebecca L. Clark
Publication Date:
04-1998
Content Type:
Working Paper
Institution:
Urban Institute
Abstract:
This report provides essential demographic and economic information on legal immigrants residing in New York State and addresses significant shortcomings in the existing data for immigrants and in analyses of fiscal impacts of legal immigrants. It focuses on four major issues: the size of the legal immigrant populations; the characteristics of legal status groups, including both legal and undocumented populations; the incomes and taxes paid by immigrant populations and natives; and the economic adaptation of immigrants and their descendants.
Topic:
Government, International Law, and Migration
Political Geography:
United States and New York

7565. The Number and Cost of Immigrants on Medicaid: National and State Estimates

Author:
Leighton Ku and Bethany Kessler
Publication Date:
09-1998
Content Type:
Working Paper
Institution:
Urban Institute
Abstract:
This work was conducted under Subtask 2.2.12 of HHS Contract HHS-100-94-1009. Many constructive comments were provided by staff of the Department of Health and Human Services, including Linda Sanches, David Nielsen, Penelope Pine and Bob Tomlinson. We gratefully acknowledge data and advice made available by Ron North and Roger Buchanan of the Health Care Financing Administration and Charles Scott of the Social Security Administration. Many colleagues at the Urban Institute offered useful advice or data, including Brian Bruen, Rebecca Clark, Teresa Coughlin, Linda Giannarelli, Jeff Passel, Karen Tumlin and Wendy Zimmerman. All opinions expressed are the authors' and should not be interpreted as opinions of the Urban Institute or the Department of Health and Human Services.
Topic:
Government and Migration
Political Geography:
United States

7566. Time to Reinvent APEC

Author:
Edward Lincoln and Kenneth Flamm
Publication Date:
11-1997
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
APEC, the Asia-Pacific Economic Cooperation forum, provides an opportunity for 18 countries with strong trade and investment ties to discuss a wide range of economic issues. APEC has scored two tangible achievements to date: a sweeping but vaguely worded 1994 pledge by its member states to open up to free trade and investment by 2010 and 2020, and a central role in the negotiation of the 1996 Information Technology Agreement (ITA). However, APEC is in danger of fading. When this year's summit begins on November 19, the United States must push for major reform of the APEC bargaining process if the organization is to have any chance of realizing its ambitious trade reform targets.
Topic:
Foreign Policy, Economics, Emerging Markets, International Organization, and International Trade and Finance
Political Geography:
United States and Asia

7567. Globaphobia: The Wrong Debate Over Trade Policy

Author:
Robert Z. Lawrence and Robert E. Litan
Publication Date:
10-1997
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
The outcome of the fast-track debate that opened this month will determine whether the United States continues to lead the world toward a more open global economy or whether, for the first time since the end of World War II, it sends the opposite message.
Topic:
Foreign Policy, Globalization, International Political Economy, and International Trade and Finance
Political Geography:
United States

7568. Strategic Arms Control -- Moment of Decision?

Author:
Rodney W. Jones, Michael Nacht, Sergei Rogov, Kenneth Sr. Meyers, Steve Pifer, Nikolai Sokov, and Alexei Arbatov
Publication Date:
06-1997
Content Type:
Working Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
In his introductory remarks, Jones pointed out that key Russian interests in the terms of START II, which the United States shared and helped address in the early 1990s -- the denuclearization of Ukraine and the decoupling of Russian strategic forces from dependence on missile production plants in Ukraine -- faded into the background after START I entered into force and Ukraine acceded to the NPT as a non-nuclear-weapon state in December 1994. Russian criticism of START II thereafter focused on U.S. missile defense developments that could affect the ABM Treaty, on the heavy costs to Russia of implementing reductions, and on the unequal U.S. and Russian reconstitution potential under START II ceilings. By 1996, reactions to NATO expansion had become a further obstacle to START II ratification in Moscow.
Topic:
Security, Foreign Policy, and Arms Control and Proliferation
Political Geography:
Russia, United States, and Ukraine

7569. Nuclear Non-Proliferation Conference 1997 Agenda

Author:
Brad Roberts, Richard Speier, Leonard Spector, James Steinberg, Hank Chiles, Rüdiger Hartmann, Harald Müller, Leonard Weiss, Ben Sanders, Valery Tsepkalo, Shai Feldman, Phebe Marr, Riaz Kokhar, Virginia Foran, Dennis Gormley, Michael Moodie, Gennady Pshakin, Wendy Frieman, Shah. Prakash, Munir Akram, Michael Krepon, and Alexei Arbatov
Publication Date:
06-1997
Content Type:
Working Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
It is a great pleasure to welcome you to this conference on "Nuclear Non-Proliferation: Enhancing the Tools of the Trade." Each year, preparing the agenda for this meeting and preparing my opening remarks, provides me the opportunity to survey our field, to take stock of recent accomplishments and set backs, and to anticipate the challenges ahead. In many respects the news in our field has been good. Since we met last, in February 1996: The Comprehensive Test Ban Treaty has been opened for signature. The South-East Asian Nuclear Weapon Free Zone has entered into force for the regional parties, and the African Nuclear Weapon Free Zone has been opened for signature. The safeguards system of the International Atomic Energy Agency has been upgraded and the way opened for further enhancements, under the second part of the 93+2 program. In the area of export controls, multilateral regimes, including the Nuclear Suppliers Group and the Missile Technology Control Regime, have added several new members and refined their rules... and China has strengthened its non-proliferation commitments by pledging not to assist unsafeguarded nuclear installations. In addition, there have been no new stories of significant leaks of nuclear materials from Russia or the other Soviet successor states, and U.S. cooperative programs to enhance security over such materials have gained considerable momentum. Reinforcing the norm of non-proliferation, the two nuclear superpowers continue to dismantle nuclear weapons and strategic missiles, and there are reasonable prospects for further reductions under the pending START II treaty and an anticipated START III accord. Looking at the threshold states... Pakistan is continuing its freeze on the production of fissile material, although Israel and India are apparently adding to their plutonium stockpiles. The North Korean nuclear weapons effort appears to remain frozen, as the result of the October 1994 Agreed Framework understanding with the United States. Finally, Iran's nuclear weapons program, according to recent testimony by U.S. Arms Control and Disarmament Agency Director John Holum, has not progressed in the past two years, while Iraq's nuclear activities are being suppressed by UNSCOM, and Libya's nuclear program appears to be languishing.
Topic:
Security, Arms Control and Proliferation, International Cooperation, and Nuclear Weapons
Political Geography:
Pakistan, Africa, Russia, United States, and Iran

7570. Landmines: Africa's Stake, Global Initiatives

Publication Date:
04-1997
Content Type:
Working Paper
Institution:
Africa Policy Information Center
Abstract:
The momentum for a comprehensive global ban on anti-personnel landmines is growing rapidly, and 1997 is a particularly decisive year. Africa is the most heavily mined continent, and African governments and non-governmental landmine campaigns are taking an increasingly prominent role in the global effort. The South African and Mozambican governments both announced comprehensive bans in February 1997, just as the 4th International NGO Conference on Landmines was convening in Maputo, Mozambique. The Southern African Development Community (SADC) is being urged to quickly declare Southern Africa a mine-free zone, and non-governmental campaigns are gathering steam in many other African countries.
Topic:
Security, Foreign Policy, Defense Policy, and Arms Control and Proliferation
Political Geography:
Africa and United States