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5631. Benefits and Burdens: The Politically Dominated Economics of U.S. Alliances with Japan and Korea

Author:
Charles Wolf and Michele Zanini
Publication Date:
04-1998
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
Alliances are organizations between or among independent entities that concert to produce “collective goods” for the mutual benefit of alliance members. The statement applies whether the alliances are between or among countries, corporations, universities, research centers, or other institutions. Of course, the nature of the collective goods, as well as the membership in the collectivity, differs across these cases. That the goods (or benefits) are “collective” means that their availability to one alliance member (or their production by any member) implies their availability to the other members of the alliance.
Topic:
International Relations, Security, Defense Policy, and Economics
Political Geography:
United States, Japan, Israel, East Asia, and Korea

5632. The Costs and Benefits of Korean Unification

Author:
Marcus Noland, Sherman Robinson, and Li-gang Liu
Publication Date:
03-1998
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
Existing estimates of the costs of unification are inadequate for a number of reasons. In this paper we use a dynamic computable general equilibrium model to calculate South Korean and total peninsular income streams under a variety of unification (and non–unification) scenarios. We find that there are scenarios in which the present discounted value of South Korean income is higher with unification than without it. Although lower income groups in South Korea experience reduced incomes under this scenario, with redistribution of the gains, everyone can be made better off. Indeed, this scenario, which involves relatively low levels of South Korean private investment in the North together with relatively high levels of North–South migration, is also the one which generates the highest level of total peninsular income as well. The latter point is critical in that it suggests that there is no necessary conflict between the economic interests of North and South Koreans after unification.
Topic:
Security, Economics, International Organization, and Political Economy
Political Geography:
Israel, East Asia, and Korea

5633. Energy and Security in East Asia

Author:
Michael May
Publication Date:
01-1998
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
This study examines the likely security consequences of the continued growth in energy consumption in East Asia, and in particular: The dimensions of that growth which are likely to have an effect on international security. The dependencies and insecurities created by that continued growth. The policy guidance that can be derived for the United States from a review of those dependencies and insecurities.
Topic:
Security, Economics, Energy Policy, and International Political Economy
Political Geography:
Israel and East Asia

5634. Digital Broadcasting and the Public Interest

Author:
Amy Korzick Garmer, Anthony Corrado, Angela Campbell, Henry Geller, Tracy Westen, Charles Firestone, Robert Corn-Revere, Monroe E. Price, Forrest P. Chisman, Andrew Graham, Steven S. Wildman, D. Karen Frazer, and Andrew L. Shapiro
Publication Date:
12-1998
Content Type:
Working Paper
Institution:
Aspen Institute
Abstract:
In January, 1998, the Aspen Institute's Communications and Society Program convened the first in a series of meetings to examine the public interest in the United States' communications system. With funding provided by the John and Mary R. Markle Foundation, the Program hosted the initial session of the Aspen Institute Working Group on Digital Broadcasting and the Public Interest on January 25–27, 1998, at the Institute's Wye River Conference Center. The conference brought together twenty-three legal scholars, lawyers, economists, and policy advocates, representing a variety of experiences and perspectives, to consider two issues: (1) the theoretical and legal bases for the imposition of public interest obligations on those using the electromagnetic spectrum for broadcasting purposes, and (2) other public interest implications of the move to digital broadcasting. It is the hope of the Working Group that the ideas generated at this and subsequent meetings will add to the ongoing public dialogue on broadcasting and the public interest, and will prove useful to the ongoing debate over the public interest responsibilities that should accompany broadcasters' receipt of new digital television licenses.
Topic:
Economics, Government, and Science and Technology
Political Geography:
United States

5635. Utility Restructuring in Central and Eastern Europe

Author:
Aspen Institute and Klaus Brendow
Publication Date:
01-1998
Content Type:
Working Paper
Institution:
Aspen Institute
Abstract:
The paper reviews market–oriented reforms of the electric power industries in central and eastern Europe (CEE) and the Commonwealth of Independent States (CIS), related utility cooperation and business strategies, and conditions of integrating CEE/CIS electricity systems into the emerging European electricity markets.
Topic:
Economics, Government, and Industrial Policy
Political Geography:
Europe and Eastern Europe

5636. The American Economy and the East Asian Crisis: Deconstructing Goldilocks

Author:
Thomas I. Palley
Publication Date:
04-1998
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
Over the last nine months the global economy has been roiled by a financial crisis that has moved through Thailand, Malaysia, Indonesia, and South Korea. Japan has also been affected by its wake, as has Russia. So too has Latin America, where Brazil has had to raise interest rates substantially to fend off an incipient currency crisis.
Topic:
Economics
Political Geography:
Russia, United States, Japan, Asia, and Brazil

5637. Transcript: World Economic Update I

Author:
Daniel K. Tarullo, John Lipsky, Bruce Steinberg, and David Jones
Publication Date:
11-1998
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
Mr. Daniel K. Tarullo: Good morning, ladies and gentlemen. We'd like to get started promptly so that we can end promptly. Welcome to this morning's session on the update of world economic conditions. This is the first in what we anticipate to be a series of updates, perhaps quarterly, sponsored by the Council on Foreign Relations, probably right here in this room, part of a continuing effort to focus on world economic conditions, both for themselves, and as they intersect with foreign policy concerns.
Topic:
Economics
Political Geography:
Russia, Europe, Asia, South America, Latin America, and North America

5638. Transcript: Crisis of Global Capitalism: Open Society Endangered -- A New Book

Author:
George Soros, Leslie H. Gelb, John Heimann, Mort Halperin, George J.W Goodman, and John T. Connor
Publication Date:
12-1998
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
Dr. Leslie H. Gelb (President, Council on Foreign Relations): (Joined in progress) In all the years I've been here we have never had more brainpower assembled for one of our programs than this evening, your humble presider, to the contrary, notwithstanding. And with all that brainpower here, I hope we finally get an answer to the question that has bedeviled me for a long time, George, namely: If all the nations of the world are in debt, who has all the money?
Topic:
International Relations, Economics, and Globalization

5639. International Capital Mobility and Monetary Politics in the U.S. Congress, 1960–1997

Author:
J. Lawrence Broz
Publication Date:
10-1998
Content Type:
Working Paper
Institution:
Weatherhead Center for International Affairs, Harvard University
Abstract:
Prevailing approaches to the politics of monetary policy in the United States are based on closed economy assumptions, which is appropriate for analyzing the period before about 1980. However, the opening of U.S. and foreign financial markets since the early 1980s has had a profound effect on domestic monetary policy and domestic monetary politics. The major policy effect is that the transmission channels of monetary policy now include the exchange rate. The major political effect is that the exchange rate has become a focus of concern for well-organized industries in the traded goods sector and, by extension, for Congress. This paper presents statistical evidence showing that the forces driving congressional activity on monetary policy have changed dramatically with the international financial integration of the U.S. economy. Exchange rates, as opposed to interest rates, now largely determine congressional attentiveness to monetary policy and the Federal Reserve.
Topic:
Economics, Government, and International Political Economy
Political Geography:
United States

5640. Negotiating Economic Transitions in Liberizing Polities

Author:
Frances Hagopian
Publication Date:
05-1998
Content Type:
Working Paper
Institution:
Weatherhead Center for International Affairs, Harvard University
Abstract:
How do governments struggling to consolidate new democracies enact effective stabilization and adjustment policies, reform the public sector, and deregulate markets? And what has been the impact of economic liberalization on political institutions and systems of political representation? Treating economic and political transitions as mutually interdependent, this paper couples these questions to suggest a reformulation of the conventional wisdom about how economic liberalization proceeds and how political interests are determined. It challenges the assumption that neoliberal reform is most readily achieved in liberalizing polities when visionary political leaders surrounded by coherent economic teams with comprehensive programs in place act with a wide margin of autonomy from society. It also questions the contention that structures of political representation are the outgrowth of either economic organization or the product of state engineering. The paper makes two arguments. Its central argument is that economic reform is accomplished most readily when government reformers, acting through available clientelistic, corporatist, and party-based networks of mediation, negotiate the compliance of public and private sector representatives of social actors for the introduction of market-oriented reforms. They trade public resources or legislation favoring the representational status of political or social actors in the present for the agreement of those actors to accept diminished state resources for their organizations or constituents in the future. The use of specific networks of negotiation, moreover, influences the design of liberalization policies and helps to account for national differences in the pace and sequence of economic reform measures. The paper's second argument is that those systems of political representation that are strengthened as a result of the temporary advantages that accrue to them during the process of state retreat will endure even when they are incompatible with economic liberalism. This is so because the politicians and group leaders who manage these networks have the opportunity to design institutions that will allow them to accommodate themselves and adapt their power bases to economies in which the market plays a larger role.
Topic:
Economics and Political Economy
Political Geography:
South America, Latin America, Central America, and North America