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101. Financial Access for Immigrants: Learning from Diverse Perspectives

Author:
Audrey Singer and Anna Paulson
Publication Date:
10-2004
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
Policymakers and academics are now catching up to financial institutions in their desire to understand how and why immigrants use U.S. financial markets. “Financial Access for Immigrants: Learning from Diverse Perspectives,” a conference co-sponsored by the Brookings Metropolitan Policy Program formerly the Center on Urban and Metropolitan Policy) and the Federal Reserve Bank of Chicago, was held at the Chicago Fed on April 15-16, 2004. It included presentations from scholars and practitioners who discussed recent research on the financial practices of immigrants as well as the practical experiences of for-profit and nonprofit institutions working to provide financial services to the immigrant community.
Topic:
Economics, International Trade and Finance, and Migration
Political Geography:
United States and Chicago

102. The Political Economy of Nuclear Energy in the United States

Author:
Pietro S. Nivola
Publication Date:
09-2004
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
A tendency among commentators, even experts like Bernard L. Cohen, the author of the sentence above, is to regard the complicated story of nuclear energy in the United States as exceptionally troubled and frustrating. The root cause of the troubles and frustrations, moreover, is commonly thought to be more political than economic. The promise of nuclear power in the United States is said to have been dimmed primarily by an eccentrically risk-averse public and an unusually hostile regulatory climate. Practically nowhere else, it is said, have political and legal institutions been so uncooperative. Supposedly the central governments of most other advanced countries have lent far more support to their nuclear industries. And because those governments are assumed to be more aggressive in combating pollution, including greenhouse gas emissions from burning fossil fuels, surely “the rest of the world” has been doing much more than America to level the playing field for the development of nuclear energy. But just how valid is this conventional picture?
Topic:
Nuclear Weapons and Politics
Political Geography:
United States

103. Law of the Sea Convention: Should the U.S. Join?

Author:
David B. Sandalow
Publication Date:
08-2004
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
The United States has vital interests in the oceans. U.S. national security depends on naval mobility. U.S. prosperity depends on underwater energy resources. Ocean fisheries help feed the United States and much of the world. On February 25, 2004, the Senate Foreign Relations Committee unanimously recommended that the United States accede to the Law of the Sea Convention, which sets forth a comprehensive framework of rules for governing the oceans. The recommendation followed two hearings in which the committee heard testimony supporting the Convention from the Bush administration, the armed services, ocean industries, and environmental groups, among others. Following the favorable report from Foreign Relations, other congressional committees held hearings at which several lawmakers raised concerns about the treaty. The United States should promptly join the Law of the Sea Convention. Doing so would help protect U.S. national security, advance U.S. economic interests, and protect the marine environment. Prompt action is needed to ensure that the United States is a party by November 2004, when the Convention is open to amendment for the first time.
Topic:
Economics and International Law
Political Geography:
United States

104. Offshoring, Import Competition, and the Jobless Recovery

Author:
Charles L. Schultze
Publication Date:
08-2004
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
Until the end of 2003, the United States had been experiencing a “jobless” recovery, with employment stagnating at levels well below those in 2000. A widespread perception has arisen that a major culprit behind the dearth of jobs was the growing practice of U.S. firms to relocate part of their domestic operations to lower-wage countries abroad. “Offshoring” presumably caused a reduction in U.S. output and a corresponding loss of jobs.
Topic:
Economics, Government, and Human Welfare
Political Geography:
United States

105. Improving the Saver's Credit

Author:
William G. Gale and Peter R. Orszag
Publication Date:
07-2004
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
For decades, the U.S. private pension system has provided preferential tax treatment to employer-provided pensions, 401(k) plans, and individual retirement accounts relative to other forms of saving. The effectiveness of this system of subsidies is controversial. Despite the accumulation of vast amounts of wealth in pension accounts, concerns persist about the ability of the pension system to raise private and national saving, and in particular to improve saving outcomes among those households most in danger of inadequately preparing for retirement.
Topic:
Economics, Government, and Human Welfare
Political Geography:
United States

106. Encouraging Job Advancement Among Low-Wage Workers: A New Approach

Author:
Harry J. Holzer
Publication Date:
05-2004
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
While their employment rates have risen considerably, most former welfare recipients continue to earn very low wages. Similarly, the earnings of less-educated U.S. workers more broadly have also stagnated or fallen in recent years. Using a new dataset from the Census Bureau, some recent research suggests that low earners' advancement prospects are closely tied to the characteristics of the employers for whom they work. Employment in certain high-wage sectors and especially at firms that pay wage premiums and offer career ladders is strongly correlated with earnings gains over time for initially low earners. Job mobility often results in higher earnings gains than does staying in the same job. "Work first" approaches—such as immediate job placement for those on welfare—produce modest gains over time, while early work at a higher-wage employer or with a temp agency generates larger gains. Policymakers should therefore encourage better job placements for low earners as well as targeted training that is integrated with these placements. Policies to support the creation of more higher-wage jobs for the unskilled should be considered as well. Private labor market intermediaries can play important roles in both processes.
Topic:
International Relations, Foreign Policy, Government, and Political Economy
Political Geography:
United States

107. Global Economic Governance at a Crossroads: Replacing the G-7 with the G-20

Author:
Johannes F. Linn and Colin I. Jr. Bradford
Publication Date:
04-2004
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
Finance ministers representing the Group of 7 (G-7) industrialized countries met in Boca Raton, Florida, in early February amid concerns about the weakening of the U.S. dollar. One factor in the dollar's decline is the U.S. trade deficit, which is partly due to the undervalued Chinese yuan. The involvement of China, which is not a G-7 member, illustrates both the glaring gap in global governance and the increasing economic and policy interdependence between industrial countries and major emerging market economies (EMEs). As one observer, referring to the Boca Raton meeting, put it, "China is the 800-pound gorilla and it isn't even part of the negotiations."
Topic:
International Relations, Foreign Policy, Government, and Political Economy
Political Geography:
United States and China

108. The Uncertain Future of the Telecommunications Industry

Author:
Robert E. Litan and Roger G. Noll
Publication Date:
01-2004
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
The U.S. telecommunications industry is riding a roller coaster. For most of the 1990s, the industry's future looked promising. The growth of Internet use, the promise of a broadband network, and a less restrictive regulatory environment that was expected following passage of the 1996 Telecommunications Act led industry experts to forecast rapidly growing demand for core network services along with high-margin business opportunities in an expanding array of new information services. The industry backed these expectations with massive investments to expand the capacity of both wireless and wire line networks as well as to facilitate the expected boom in high-speed data transmission.
Topic:
International Relations, Foreign Policy, Government, and Political Economy
Political Geography:
United States

109. Building an Effective, Sustainable Partnership Between the Government and the Private Sector

Author:
James B. Steinberg and Gilman Louie
Publication Date:
12-2003
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
The challenge of preventing and responding to the new security threats is very different from the one we, as a nation, faced in the Cold War. Today, the private sector is on the frontline of the homeland security effort: Its members are holders of information that may prove crucial to thwarting terrorist attacks; stewards of critical infrastructure that must be protected and dangerous materials that could be used to do harm; and important actors in responding to attacks. As we said in our first Task Force report, private sector information is essential to counter-terrorism, and government agencies should have timely, needed access to that information, pursuant to guidelines that give confidence that the information will be used in a responsible way.
Topic:
Government, National Security, and Terrorism
Political Geography:
United States

110. Metropolitan Magnets for International and Domestic Migrants

Author:
William H. Frey
Publication Date:
10-2003
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
Hundreds of thousands of people move to the U.S. each year seeking a better life. Millions of Americans move to new locations within the U.S. each year for the same reason. The respective destinations of these two groups—immigrants and domestic migrants—shape the physical landscape, public service needs, business patterns, and political culture of our nation's metropolitan areas. For those reasons, international and domestic migration trends in the late 1990s, and how they shaped metropolitan growth dynamics, represent some of the most eagerly anticipated findings from U.S. Census 2000.
Topic:
Demographics and Migration
Political Geography:
United States