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671. Britain, Ireland and Schengen: Time for a smarter bargain on visas

Author:
Michael Emerson
Publication Date:
08-2011
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
For the present UK government, full accession to the Schengen area, a passport- free travel area covering most of Europe, is a red line that it will not cross. Ireland shares a common travel area and land border with the UK and is also bound by this decision. However, it is becoming increasingly clear that the UK, along with Ireland, is suffering serious economic and reputational costs as a result of its separate visa and border management policies.
Topic:
Economics, International Trade and Finance, Markets, and Regional Cooperation
Political Geography:
Britain, United Kingdom, Europe, and Ireland

672. Markets, Tort Law, and Regulation to Achieve Safety

Author:
Paul H. Rubin
Publication Date:
06-2011
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
Markets, tort law, and regulation are alternative methods of achieving safety. Of these, the market is the most powerful, but it is often ignored in policy discussions. I show that both for the United States over time and for the world as a whole, higher incomes are associated with lower accidental death rates, and I discuss some examples of markets creating safety. Markets may fail if there are third-party effects or if there are information problems. Classic tort law is a reasonable (although expensive) way to handle third-party effects for strangers, as in the case of auto accidents. In theory, regulation could solve information problems, but in practice many regulations overreach because of different information problems—consumers are unaware of unapproved alternatives. A particularly difficult information problem arises in the case of what I call “ambiguous goods”— goods that reduce some risks but increase others (for example, medical care and malpractice.) Product liability focuses on these goods; over half of the litigation groups of the American Association for Justice are for ambiguous goods.
Topic:
Markets
Political Geography:
United States

673. La Rebelión de los Náufragos by Mirtha Rivero

Author:
Howard LaFranchi
Publication Date:
06-2011
Content Type:
Journal Article
Journal:
Americas Quarterly
Institution:
Council of the Americas
Abstract:
The modern tragic political figure is not just endemic to Latin America. The ignominious fall of Egyptian President Hosni Mubarak—once a war hero to his countrymen—is the latest proof of this. But in her book, La Rebelión de los Náufragos (The Revolt of the Castaways), Venezuelan journalist Mirtha Rivero takes us back to the tragic story of a man who was once one of Latin America's most promising leaders, and who fell from power (like his modern counterparts) from a combination of pride and the failure to understand the yearnings of his compatriots. Carlos Andrés Pérez, re-elected in 1989 to a second term as Venezuela's president, embodied one of Latin America's first modern political tragedies. He was a democrat who was confident that his country (along with much of his region) had conquered its ghosts and was finally ready for governance by first-world standards such as fair elections, a competitive market-based economy and political parties focused more on national interests than on self-preservation.
Topic:
Markets
Political Geography:
Latin America

674. State of the union Can the euro zone survive its debt crisis?

Publication Date:
04-2011
Content Type:
Working Paper
Abstract:
In the run-up to the global financial crisis, the euro area looked very much like a microcosm of the world economy. The region as a whole grew in line with its long-term trend, and its trade position with the outside world was broadly in balance. However, the euro area's aggregate position masked large variations across the member states. In some parts of the region (notably countries on the geographical periphery), demand grew consistently faster than output; in others (like Germany), the reverse was the case. Profligacy in the periphery was funded by thrift in the "core". This arrangement suited both sides.for a time at least. While countries in the periphery enjoyed debt-fuelled booms, countries such as Germany, where domestic demand was weak, could rely on exports to keep growing.
Topic:
Debt, International Trade and Finance, Markets, and Financial Crisis
Political Geography:
Europe and Germany

675. Honduras: Zelaya's return may spark instability

Publication Date:
07-2011
Content Type:
Video
Abstract:
José Manuel Zelaya, former president of Honduras, returned to his country in May after the coup that ousted him in 2009. Since coming back, he has reentered politics and this has raised concerns that he may once again try and change the constitution. This could have severe implications for the operating environment in Honduras.
Topic:
Democratization, Development, International Trade and Finance, Markets, and Governance
Political Geography:
Latin America

676. FDI stocks are a biased measure of foreign affiliate activity

Author:
Sjoerd Beugelsdijk, Jean-François Hennart, Arjen Slangen, and Roger Smeets
Publication Date:
08-2011
Content Type:
Policy Brief
Institution:
Columbia Center on Sustainable Investment
Abstract:
Researchers often call the value added (VA) in a host country by firms based in another country foreign direct investment (FDI) and use FDI stocks and flows from a country's balance of payments to measure it. What FDI stocks and flows actually measure, however, is narrower, since they record long term financial transactions by which domestic firms exert control over foreign firms. French FDI stocks in Australia, for example, measure the value of shares and reinvested earnings of Australian firms owned by French firms and the net indebtedness of these Australian firms to their French parents.
Topic:
Economics, Markets, Foreign Direct Investment, and Financial Crisis
Political Geography:
France and Australia

677. The world economic crisis as a changed circumstance

Author:
Hermann Ferré and Kabir Duggal
Publication Date:
08-2011
Content Type:
Policy Brief
Institution:
Columbia Center on Sustainable Investment
Abstract:
In September 2008, the bankruptcy of Lehman Brothers sent financial markets in the United States into a spin. Credit markets froze as banks began to mistrust counterparties, not knowing the extent of toxic assets in loan portfolios that could lead to another major bank collapse. The crisis quickly spread around the world. Governments were urged to take drastic measures. Experts discussed the possible nationalization of portions of the U.S. banking industry and other sectors. Other countries also considered measures to save key industries.
Topic:
Economics, International Trade and Finance, Markets, and Financial Crisis
Political Geography:
United States

678. Matching the Market and the Model: The Business of Independent News Media

Author:
Michelle J. Foster
Publication Date:
08-2011
Content Type:
Working Paper
Institution:
National Endowment for Democracy
Abstract:
The audience for, and access to, news media has grown across the globe. Economic development in formerly impoverished countries, the spread of mobile and Internet technologies, and the loosening of censorship have fueled this expansion. However, many media businesses are unable to take full advantage of this growth because of their lack of management skills and inexperience in developing effective business models. Compounding this is a lack of media development assistance targeted to media managers, the expansion of economic constraints on media businesses, and a lack of access to investment capital.
Topic:
Markets, International Affairs, and Mass Media

679. Cloud Computing: Policy Challenges for a Globally Integrated Innovation, Production and Market Platform

Author:
John Zysman and Jonathan Murray
Publication Date:
07-2011
Content Type:
Working Paper
Institution:
Berkeley Roundtable on the International Economy
Abstract:
“Cloud computing” is much more than simply a new set of technologies and business models. It is rapidly emerging as the platform that will underpin the next generation of digital products and services. Cloud Computing is transforming how consumers, companies, and governments store information, how they process and exchange that information, and how they utilize computing power. Consequently, it opens a new set of policy discussions while at the same time underling the importance of old debates.
Topic:
Government, Intelligence, Markets, and Science and Technology

680. Reinventing America's Legacy Cities: Strategies for Cities Losing Population

Publication Date:
04-2011
Content Type:
Working Paper
Institution:
American Assembly at Columbia University
Abstract:
The global knowledge economy favors cities because their density and infrastructure support the knowledge spillovers and innovation that flow from concentrated economic activity. Increasing demand for energy efficiency, too, favors the proximity and walkability found in cities' dense urban development patterns. Perhaps most importantly, cities continue to offer a unique opportunity for living well together in dense, dynamic communities where diversity and democracy flourish. In the United States people continue to move to metropolitan areas and before the Great Recession were increasingly returning to central cities, a trend expected to continue as the economy rebounds.
Topic:
Development, Economics, Markets, Governance, and Urbanization
Political Geography:
United States