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231. Untangling China's Quest for Oil through State-backed Financial Deals

Author:
Erica Downs and Peter C. Evans
Publication Date:
05-2006
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
The efforts of China's national oil companies to secure upstream oil assets abroad have attracted attention from U.S. officials and policymakers. Congress has taken notice, as indicated by the request of the Chairman of the U.S. House of Representatives Resources Committee Richard W. Pombo—triggered by the bid made by China National Offshore Oil Corporation Ltd. for Unocal in 2005—for a study by the Department of Energy of the economic and national security implications of China's energy demand. The report, released in February 2006, concludes that the foreign investments of China's national oil companies do not pose an economic challenge to the U.S. However, one issue the report mentions only in passing that merits further attention is how the Chinese government's financial support for some of these investments can undermine an open and competitive world oil market.
Topic:
Security, Economics, and Energy Policy
Political Geography:
United States, China, and Asia

232. The Effects of Investing in Early Education on Economic Growth

Author:
Jeffrey Tebbs, Isabel V. Sawhill, and William T. Dickens
Publication Date:
04-2006
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
Many in Congress and the administration have called for new investments in education in order to make the United States more competitive, with President Bush stressing the importance of education in preparing young Americans to “fill the jobs of the 21st century.” Yet advocates of early childhood education have only recently stressed the economic benefits of preschool programs, and it has been difficult to win support for these short-term investments given the long-term nature of the benefits to the economy.
Topic:
Development, Economics, Education, and Government
Political Geography:
America

233. Pragmatic Reform of Global Governance: Creating an L20 Summit Forum

Author:
Johannes F. Linn and Colin I. Bradford Jr.
Publication Date:
04-2006
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
The global challenges confronting political leaders today—whether the stalemate of global trade negotiations, the threat of Avian flu, the struggle over Iran going nuclear, or the fight against global poverty—cannot be solved by yesterday's institutions. They demand new approaches to global governance that are more inclusive, more representative, and thus more effective. The G8 summit, in particular, is a forum of the eight industrialized countries that were the dominant powers of the mid-twentieth century. By excluding the emerging powers of the twenty-first century, it has become increasingly ineffective, unrepresentative and illegitimate. U.S. global interests are best served by increasing the inclusiveness and effectiveness of the global steering process rather than sticking with the obsolete, overly formalized and unrepresentative G8.
Topic:
International Relations, Development, Politics, and Treaties and Agreements
Political Geography:
United States

234. Reducing Unwed Childbearing: The Missing Link in Efforts to Promote Marriage

Author:
Daniel T. Lichter and Andrea Kane
Publication Date:
04-2006
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
Most social scientists acknowledge that, on balance, single parents, stepparents, or cohabiting couples are no substitute for childrearing by two married parents. Yet, new data from the federal government show that a record number of babies—nearly 1.5 million—were born to unmarried women in the United States in 2004. Empirical evidence of this sort has leveraged political support for the Bush administration's “Healthy Marriage Initiative.” Congress recently approved major funding for this initiative as part of welfare reform reauthorization. Approximately $100 million per year will be available for research, demonstration, and technical assistance projects to promote healthy marriage through such activities as public advertising campaigns, relationship and marriage education in high schools, and relationship and marriage skills for both unmarried and married couples. In addition, about $50 million per year will be available to promote responsible fatherhood.
Topic:
Civil Society, Economics, Government, and Human Welfare
Political Geography:
United States

235. Building Automatic Solvency into U.S. Social Security: Insights from Sweden and Germany

Author:
James C. Capretta
Publication Date:
03-2006
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
Although Social Security reform appears to be off of the national agenda for now, real funding problems remain for America's popular retirement program that policymakers need to address. The payroll taxes that support Social Security's “pay–as-you-go” system will begin to fall short of outlays in 2017 and will be sufficient to finance only 74 percent of scheduled annual benefits by 2041, when the Social Security trust fund is projected to be exhausted.
Topic:
International Relations and Economics
Political Geography:
United States, Europe, Germany, and Sweden

236. Preparing for Future "Katrinas"

Author:
Robert E. Litan
Publication Date:
03-2006
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
While policymakers and leaders continue to debate the rebuilding of Gulf areas devastated by Hurricane Katrina, a much greater loss looms on the horizon. Katrina exposed more than problems with poverty, emergency management, and infrastructure. The storm also illustrated the inability of private insurance markets to handle large-scale losses. “Mega-catastrophes” are catastrophic events, like Katrina, whose costs are so large and unpredictable that private insurers either are unwilling to insure against them, or charge premiums so high that significant numbers of customers do not want or cannot afford the insurance.
Topic:
Development, Economics, Environment, and Politics

237. The Decline of the Underclass

Author:
Paul A. Jargowsky and Isabel V. Sawhill
Publication Date:
01-2006
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
Hurricane Katrina reminded the nation of the consequences of entrenched poverty, and Congress now faces complicated policy questions set against the backdrop of class and race. As America confronts these issues in cities and states beyond the Gulf Coast, it is important to realize that the number of poor people living in troubled neighborhoods—often described by journalists as the “underclass”—are actually fewer now than in the 1980s. Yet public policies that encourage education, work, and opportunity are urgently needed to keep that positive trend from reversing.
Topic:
Demographics, Development, Economics, and Government
Political Geography:
America

238. Autism and Hope

Publication Date:
01-2006
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
Autism spectrum disorders have become among the most common and severe developmental disabilities facing children—and thus future generations of adults—in the United States today. More than in 200 young children may now be affected by a neurological condition on the spectrum (which includes autism, pervasive development disorder, and Asperger's syndrome or disorder). This fact has become increasingly well reported in recent months.
Topic:
Development, Economics, Health, and Human Welfare
Political Geography:
United States

239. Treatment of Coronary Artery Disease: What Does Rationing Do?

Author:
Henry J. Aaron
Publication Date:
12-2005
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
Providing all beneficial care to those who need it is rapidly becoming unaffordable, even for a nation as rich as the United States. The highly decentralized U.S. payment system is unique in its lack of effective levers for limiting health care spending, and managed care has largely been ineffective. A different solution, considered extreme by many in the United States, is rationing. The need to ration healthcare has long been a reality in the United Kingdom where healthcare spending must be covered by an annual budget accounting for only 7.6 percent of GDP—about half the U.S. share. These decisions are perhaps most difficult in regards to treatment of conditions that are literally matters of life or death, such as coronary artery disease. This brief examines reasons for the differences in treatment and outcomes in the United States and Britain, and discusses the difficulty of rationing care in the United States, where a unique payment system now uses income from those with health insurance to cover the medical costs of the uninsured.
Topic:
Health
Political Geography:
United States, United Kingdom, and Europe

240. The Spread of Innovations through Social Learning

Author:
H. Peyton Young
Publication Date:
12-2005
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
Innovations often spread by the communication of information among potential adopters. In the marketing literature, the standard model of new product diffusion is generated by information contagion: agents adopt once they hear about the existence of the product from someone else. In social learning models, by contrast, an agent adopts only when the perceived advantage of the innovation--”as revealed by the actions and experience of prior adopters--”exceeds a threshold determined by the agent's prior beliefs. We demonstrate that learning with heterogeneous priors generates adoption curves that have an analytically tractable, closed-form solution. Moreover there is a simple statistical test that discriminates between this type of process and a contagion model. Applied to Griliches' classic results on the adoption of hybrid corn, this test shows that learning with heterogeneous priors does a considerably better job of explaining the data than does the contagion model.
Topic:
Civil Society, Demographics, Development, and Education