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351. A Patent Policy Proposal for Global Diseases

Author:
Jean O Lanjouw
Publication Date:
06-2001
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
We are in the midst of a dramatic extension of the global reach of the patent system. Until recently, in an effort to keep their prices low, many developing countries did not grant patents on new pharmaceutical products. Today, however, most countries have extended their patent laws to include pharmaceutical innovations, and in order to fulfill World Trade Organization membership requirements, the rest will soon follow.
Topic:
Civil War, Development, Human Welfare, International Trade and Finance, and Treaties and Agreements

352. Open Doors

Author:
Paul Masson, Michael Pomerleano, and Robert E Litan
Publication Date:
06-2001
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
Foreign direct investment in financial firms in emerging markets surged in the 1990s, although not equally in all places. The main beneficiaries: Latin America and Central Europe, with Asia a distant third. This conference report summarizes findings on the impacts—mainly positive—of this significant inflow of funds and managerial and technical know-how, as well as recommendations for policies toward foreign direct investment (FDI) in the future. The main recommendation: countries with restrictions generally should relax them, even when their own financial systems are weak. At the same time, foreign entry gives rise to new policy challenges, supervisory and competitive, which emerging markets need to confront both unilaterally and with cooperation from source country governments.
Topic:
Emerging Markets, International Trade and Finance, and Third World
Political Geography:
Asia, Latin America, and Central Europe

353. Moving Forward in South Asia

Author:
Stephen P Cohen
Publication Date:
05-2001
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
The key to an effective American policy in South Asia is the deepening of Washington's engagement with India and Pakistan. India is an emerging major power and Pakistan, despite its internal economic and political problems, is also a significant state. Besides reengaging these states in strategic terms, Washington should overhaul current regional sanctions policy, seeking in return Indian and Pakistani compliance with missile and nuclear proliferation regimes, and should assist them in reducing the risk of accidental nuclear detonation and missile launches.
Topic:
Security and Foreign Policy
Political Geography:
Pakistan, United States, America, South Asia, Washington, and India

354. The Caucasus and Central Asia

Author:
Fiona Hill
Publication Date:
05-2001
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
The Caspian Basin and the surrounding states of the Caucasus and Central Asia have crept from obscurity onto the U.S. foreign policy agenda. While the individual countries of the two regions may not be of vital interest to the United States, the countries that border them are. Four have nuclear weapons, one is an important NATO ally, and two are states that have posed direct challenges to U.S. security by their support for terrorist movements.
Topic:
Security and Foreign Policy
Political Geography:
United States and Central Asia

355. Corruption and Globalization

Author:
Shang-Jin Wei
Publication Date:
04-2001
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
At least since the Asian financial crisis, the International Monetary Fund (IMF) has, from time to time, included transparency and anti-corruption measures as part of the conditions for countries to borrow its funds. Because of this, it has been criticized as having overstepped its mandate, or even having made crises worse in countries the IMF is supposed to help.
Topic:
Development, Economics, Globalization, and Third World
Political Geography:
Asia

356. Stemming the Backlash Against Globalization

Author:
Carol Graham
Publication Date:
04-2001
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
There is much speculation about a new round of protests at the upcoming meetings of the World Bank and the International Monetary Fund (IMF). The protestors contend that globalization is bad for poor people in poor countries. But the evidence suggests the opposite: that globalization provides the poor in developing countries with new opportunities for upward mobility. Yet it also introduces new vulnerabilities, particularly for those in the middle income strata, which cause even the upwardly mobile in these strata to negatively assess their economic progress. We propose three sets of policies for poor countries — increasing access to higher levels and better quality education, eliminating market distortions that block the upward mobility of the poor (including excessive levels of inequality), and providing more broadly available safety nets for people without steady incomes — that could help prevent these negative sentiments from growing into a broader backlash against globalization, which would ultimately hurt the poor in these countries the most.
Topic:
Development, Globalization, Human Welfare, and Third World

357. Options for Stabilization Policy: A New Analysis of Choices Confronting the Fed

Author:
William T. Dickens, George A. Akerlof, and George L. Perry
Publication Date:
02-2001
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
One of the most important choices any president-elect must make is how to organize and staff the National Security Council (NSC). Chief executives from John Fitzgerald Kennedy to William Jefferson Clinton have found their foreign policy held hostage to the management choices they made between election and inauguration.
Topic:
Economics
Political Geography:
United States

358. Moving Beyond Kyoto

Author:
Warwick J. McKibbin
Publication Date:
10-2000
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
In November 2000, just after the presidential elections in the United States, negotiators will meet in The Hague at the sixth meeting of the Conference of the Parties (COP6) to the United Nations Framework Convention on Climate Change (UNFCCC). By then, it will have been almost three years since the negotiation of the Kyoto Protocol on global climate change at COP3, which was held in Kyoto in December 1997. Intense negotiations over the intervening period have focused on how to implement the Kyoto Protocol. The Kyoto Protocol has been signed by 84 countries but not ratified by any of the key countries, and ratification does not appear to be imminent, especially in the United States, where the Senate has registered its strong opposition.
Topic:
Environment and International Cooperation
Political Geography:
United States

359. Permanent Normal Trade Relations for China

Author:
Nicholas R. Lardy
Publication Date:
05-2000
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
In what has been described as its most important vote this year, the U.S. Congress will soon decide whether to provide permanent normal trade relations to China. A vote is required because, after 14 years of negotiations, China is poised to enter the World Trade Organization (WTO). Assuming China concludes its bilateral negotiations with the European Union by June or July, entry is likely before the end of the year. The cornerstone principle of the World Trade Organization is that members provide each other unconditional Most Favored Nation trade status, now called Permanent Normal Trade Relations (PNTR) in U.S. trade law. Current U.S. law precludes granting PNTR to China; as a result President Clinton has asked Congress to amend the law. A negative vote would have no bearing on China's entry into the World Trade Organization, but it would mean that U.S. companies would not benefit from the most important commitments China has made to become a member. Gaining the full range of benefits is particularly important in light of the large and growing deficit the United States faces in its trade with China (Figure 1). A positive vote would give U.S. companies the same advantages that would accrue to companies from Europe, Japan, and all other WTO member states when China enters the World Trade Organization. It would also provide an important boost to China's leadership, that is taking significant economic and political risks in order to meet the demands of the international community for substantial additional economic reforms as a condition for its WTO membership. A positive vote would strengthen bilateral economic relations more generally. That may help place a floor on the broader bilateral relationship, which continues to face critical challenges on security issues, stemming largely from tensions between China and Taiwan, and on human rights issues.
Topic:
International Relations and International Trade and Finance
Political Geography:
United States, China, Europe, and Asia

360. Heterogeneity and Evolution of Expectations: a Model of Currency Crisis

Author:
Jasmina Arifovic and Paul Masson
Publication Date:
12-1999
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
A model of a portfolio allocation between mature and emerging markets is simulated with heterogeneous expectations, imitation, and experimentation. Solutions produce periodic crises. The predictions of the model are compared to a representative-agent, rational expectations model with multiple equilibria.
Topic:
Economics, International Political Economy, and International Trade and Finance