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1411. One Size Must Fit All: National Divergences in a Monetary Union

Author:
Daniel Gros and Carsten Hefeker
Publication Date:
07-2000
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
What policy objective should a common central bank in a heterogeneous monetary union pursue? Should it base its decisions on the EU-wide average of inflation and growth or should it instead focus on (appropriately weighted) national welfare losses based on national rates of inflation and growth? We find that a central bank that minimises the sum of national welfare losses reacts less to common shocks and that this can lead to higher average union-wide expected welfare, if the variability of common shocks is large relative to the inflation bias. But for countries with a transmission mechanism close to the average, welfare can actually be lower in this case. The inflationary bias depends on the interaction between the transmission mechanism and distortions in labour markets.
Topic:
Economics, Government, Human Rights, International Trade and Finance, Migration, and Political Economy
Political Geography:
Europe

1412. The International Trade of Multinational Firms: The Empirical Behaviour of Intrafirm Trade in a Gravity Equation Model

Author:
Kimberly A. Clausing
Publication Date:
06-2000
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
Multinational firms are an increasingly important part of international economic integration. In recent years, foreign direct investment has been increasing at a rate that exceeds both the rate of growth of international trade and that of income. For many countries, the sales of affiliates of multinational firms have long dwarfed the value of trade. For example, in 1997, European Union country firms exported $283 billion in products to the United States. In the same year, affiliates of E.U.-based multinational firms sold $816 billion worth of products in the United States, almost three times the value of exports.
Topic:
Economics, Government, Human Rights, International Trade and Finance, Migration, and Political Economy
Political Geography:
United States and Europe

1413. Technical Barriers to Trade in the European Union: Importance for Accession Countries

Author:
Paul Brenton, John Sheehy, and Marc Vancauteren
Publication Date:
04-2000
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
With trade in industrial products between the EU and the CEECs now essentially free of tariff and non-tariff restrictions, the principal impact of accession to the EU on trade flows will be through access to the Single Market of the EU. A key element of this will be the removal of technical barriers to trade. In this paper we try and highlight the importance of technical barriers to trade between the EU and the various CEECs, distinguishing sectors according to the different approaches to the removal of these barriers in the EU: mutual recognition, detailed harmonisation (old approach) and minimum requirements (new approach). We utilise two sources of information on technical regulations: a sectoral classification from a previous study of the impact of the Single Market and our own detailed translation of EU product related directives into the relevant tariff codes. The analysis suggests that the importance of technical barriers varies considerably across the CEECs. The adjustment implications of access to the Single Market are likely to be greatest for those most advanced in their accession negotiations.
Topic:
Economics, Government, Human Rights, International Trade and Finance, Migration, and Political Economy
Political Geography:
Europe

1414. Goodbye, Agenda 2000, Hello Agenda 2003: Effects of the Berlin Summit on Own Resources, Expenditures, and EU Net Balances

Author:
Michael Emerson and Jorge Núñez Ferrer
Publication Date:
02-2000
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
This paper describes the development of the negotiations from the birth of the Agenda 2000 proposals to the end of the Berlin European Council Summit and discusses the consequences of the outcome. The study shows to what extent net contributions to the EU budget and narrow national interests dominated the negotiations, at the expense of the original aims of the reforms (to prepare the Union for enlargement and for the next round of WTO negotiations), which were practically forgotten. This type of behaviour is by no means unique. On the contrary, it has been recurrent in the history of the EU. Estimates of future expenditures and own resources show that the Berlin European Council conclusions will prove to be far from satisfactory.
Topic:
Economics, Government, Human Rights, International Trade and Finance, Migration, and Political Economy
Political Geography:
Europe and Berlin

1415. When Needs are Rights: An Overview of UN Efforts to Integrate Human Rights in Humanitarian Action

Author:
Karen Kenny
Publication Date:
01-2000
Content Type:
Working Paper
Institution:
Watson Institute for International and Public Affairs at Brown University
Abstract:
Integration of human rights throughout the United Nations system is, and always has been, a legal imperative flowing from the UN Charter. More recently, how- ever, it has also become stated policy of the organization and its component parts. The commitment to integration expressed by the Secretary-General in his reform program of July 1997 builds on the directions in the Vienna Declaration and Programme of Action, to which 171 states agreed in 1993.
Topic:
Human Rights, International Organization, and United Nations

1416. Privatization and the Distribution of Assets in Brazil

Author:
Roberto Macedo
Publication Date:
07-2000
Content Type:
Working Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
This paper focuses on the Brazilian privatization program undertaken in the 1990s, one of the largest in the world, as a result of which over US$71 billion worth of equity capital and US$17 billion of debt owed by the former state-owned enterprises (SOEs) were transferred to private owners, both at the federal and state levels.
Topic:
Development, Government, and Human Rights
Political Geography:
Brazil, South America, and Latin America

1417. President Clinton's Visit to Vietnam

Author:
Frederick Z. Brown
Publication Date:
11-2000
Content Type:
Working Paper
Institution:
Asia Society
Abstract:
On November 17, 2000, President Bill Clinton begins a four-day state visit to the Socialist Republic of Vietnam, the first visit ever by an American president to the unified country of Vietnam. He will be accompanied by Mrs. Clinton, daughter Chelsea, and several cabinet secretaries, most likely state, commerce, health and human services, veterans affairs, and the United States Trade Representative (USTR). A congressional delegation is also planned.
Topic:
International Relations, Foreign Policy, Democratization, Economics, Human Rights, and Politics
Political Geography:
United States, America, Vietnam, and Southeast Asia

1418. Report on IRFA and Annual Report on International Religious Freedom

Publication Date:
12-2000
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
One of the guiding purposes and principles behind the International Religious Freedom Act (IRFA) is to make the issue of international religious freedom an integral part of this nation's foreign policy agenda. The conditions of religious freedom in certain countries may be grave and deteriorating—in many instances on account of factors beyond the control of the United States—but not, if the IRFA process is working properly and vigorously, on account of a lack of attention paid to the issue as a matter of U.S. foreign policy. This report of the U.S. Commission on International Religious Freedom assesses the vitality and effectiveness of certain parts of the IRFA process as it is functioning in its second year.
Topic:
Foreign Policy, Diplomacy, Human Rights, and Religion
Political Geography:
United States

1419. First Annual Report

Publication Date:
05-2000
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
This is the first report of the United States Commission on International Religious Freedom (Commission), created by the International Religious Freedom Act of 1998 (IRFA). IRFA established a multi-faceted program for ensuring that religious freedom has a permanent and significant place in the formulation and application of U.S. foreign policy.
Topic:
Foreign Policy, Diplomacy, Human Rights, and Religion
Political Geography:
United States

1420. East Timor

Author:
Lynn Fredriksson
Publication Date:
12-2000
Content Type:
Policy Brief
Institution:
Foreign Policy In Focus
Abstract:
The half-island nation of East Timor was a colony of Portugal for some 450 years. After the Portuguese dictatorship fell in April 1974, the Indonesian government began to intervene in the decolonization process. When it became clear that it had little political support in East Timor, the Indonesian regime launched a military offensive from West Timor and fomented a civil war in the summer of 1975.
Topic:
Foreign Policy, Defense Policy, Human Rights, and Sovereignty
Political Geography:
United States and Southeast Asia