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272. A (Lack of) Progress Report on China's Exchange Rate Policies
- Author:
- Morris Goldstein
- Publication Date:
- 06-2007
- Content Type:
- Working Paper
- Institution:
- Peterson Institute for International Economics
- Abstract:
- This working paper assesses the progress made in improving China's exchange rate policies over the past five years (that is, since 2002). I first discuss four indicators of progress on China's external imbalance and its exchange rate policies—namely, the change in (and level of) China's global current account position, movements in the real effective exchange rate of the renminbi (RMB), the role of market forces in the determination of the RMB, and China's compliance with its obligations on exchange rate policy as a member of the International Monetary Fund (IMF). I then discuss why the lack of progress in improving China's exchange rate policies matters for the economies of the China and the United States and for the international monetary and trading system. I also argue that several popular arguments and excuses for why more cannot be accomplished on removing the large undervaluation of the RMB are unpersuasive. Finally, I consider what can and should be done by China, the United States, and the IMF to accelerate progress over the next year or two.
- Topic:
- Development, Economics, and Foreign Exchange
- Political Geography:
- United States, China, and Asia
273. Offshoring, Outsourcing, and Production Relocation-Labor—Market Effects in the OECD Countries and Developing Asia
- Author:
- Jacob Funk Kirkegaard
- Publication Date:
- 04-2007
- Content Type:
- Working Paper
- Institution:
- Peterson Institute for International Economics
- Abstract:
- This working paper evaluates the validity of available data on and the extent of the impact of offshoring on service-sector labor markets in the United States, EU-15, and Japan. A three-tier data validity hierarchy is identified. The impact of offshoring on employment in the three regions is found to be limited. Correspondingly, developing Asia is unlikely to experience large employment gains as a destination region. The paper highlights the case of the Indian IT industry, where the majority of job creation has been in local Indian companies rather than foreign multinationals. Domestic entrepreneurs have played a crucial role in the growth of the Indian IT-related service industry. However, increased tradability of services and associated skill bias in favor of higher skilled workers could have an uneven employment impact on developing Asia. Some high-skilled groups are benefiting and will continue to benefit dramatically from new employment opportunities and rising wage levels. Meanwhile, the same skill bias may eliminate many employment opportunities for unskilled or low-skilled groups in the region. Developing Asian countries therefore face a double educational challenge in the coming years: the need to simultaneously improve both primary and higher education.
- Topic:
- International Relations, Development, Economics, and Industrial Policy
- Political Geography:
- United States, Japan, and Asia
274. Education, Intelligence, and America's Future
- Author:
- Charles Murray
- Publication Date:
- 02-2007
- Content Type:
- Policy Brief
- Institution:
- American Enterprise Institute for Public Policy Research
- Abstract:
- In January, W. H. Brady Scholar Charles Murray stepped back from current education debates about reauthorization of the 2002 No Child Left Behind Act and education funding in the president's budget to ask more fundamental questions about the goals that should shape American education in the future. This On the Issues is adapted from essays published in the Wall Street Journal on January 16, 17, and 18, 2007.
- Topic:
- Development, Education, and Government
- Political Geography:
- United States and America
275. PolicyWatch #1241: Special Forum Report: The Future of Syria: Challenges and Prospects
- Author:
- Barry Rubin and Theodore Kattouf
- Publication Date:
- 06-2007
- Content Type:
- Policy Brief
- Institution:
- The Washington Institute for Near East Policy
- Abstract:
- On May 30, 2007, Barry Rubin and Theodore Kattouf addressed The Washington Institute's Special Policy Forum. Professor Rubin, a visiting fellow at the Institute, is director of the Global Research in International Affairs (GLORIA) Center, editor of the Middle East Review of International Affairs (MERIA), and author of the just-released book The Truth about Syria (Palgrave). Mr. Kattouf, a former U.S. ambassador to Syria and the United Arab Emirates, is president and CEO of AMIDEAST, a nonprofit group dedicated to enhancing educational links between the United States and the Middle East. The following is a rapporteur's summary of their remarks.
- Topic:
- Conflict Prevention, International Relations, and Development
- Political Geography:
- United States, Middle East, Eastern Europe, and Syria
276. Assessing the New Palestinian Unity Government: A Step Forward or Back?
- Author:
- David Makovsky
- Publication Date:
- 03-2007
- Content Type:
- Policy Brief
- Institution:
- The Washington Institute for Near East Policy
- Abstract:
- On March 17, the Palestinian Legislative Council (PLC) approved the formation of a Hamas-Fatah national unity government by an 83–3 margin. This culminated a process that began in early February with the Mecca accord facilitated by Saudi Arabia's King Abdullah. Many governments have withheld comment since that accord. One reason for their relative silence is reluctance to criticize a project associated with King Abdullah, who is emerging as a leading force in the Arab world and a linchpin of U.S. efforts to isolate Iran. Another is bated hope that the new government guidelines will be a marked improvement over those of the current Hamas government. Since Hamas's victory in January 2006 parliamentary elections, the focus has been on three principles proposed by the Quartet (the United States, Russia, the European Union, and the UN): (1) recognition of Israel, (2) disavowal of violence, and (3) adherence to past written commitments.
- Topic:
- Civil Society, Development, and Government
- Political Geography:
- United States, Europe, Middle East, Palestine, Arabia, and Saudi Arabia
277. Follow the Money: Challenges and Opportunities in the Campaign to Combat Terrorism Financing
- Author:
- Matthew Levitt
- Publication Date:
- 03-2007
- Content Type:
- Policy Brief
- Institution:
- The Washington Institute for Near East Policy
- Abstract:
- The U.S. government's much-discussed but little-understood effort to combat terrorism financing faces both challenges and opportunities. Terrorist groups continue to evolve, proactively working to evade existing sanctions and minimize the impact of future ones. Meanwhile, interagency efforts are being called upon to meet some of the most pressing national security threats through targeted financial measures.
- Topic:
- Development, Economics, International Cooperation, and Terrorism
- Political Geography:
- United States
278. Meeting with Iraq's Neighbors: A Confidence-Building Measure, or Much More?
- Author:
- David Pollock
- Publication Date:
- 02-2007
- Content Type:
- Policy Brief
- Institution:
- The Washington Institute for Near East Policy
- Abstract:
- Does this week's surprise U.S. declaration of a new international conference on Iraq, scheduled for March 10, represent a major shift in U.S. policy or just a minor shuffle? Why is it happening now? And will it have any more of an impact than other recent international meetings on Iraq?
- Topic:
- Development and Regional Cooperation
- Political Geography:
- United States, Iraq, and Middle East
279. Are U.S. Military Academies Preparing Graduates for Today's Wars?
- Author:
- Andrew Exum
- Publication Date:
- 01-2007
- Content Type:
- Policy Brief
- Institution:
- The Washington Institute for Near East Policy
- Abstract:
- For the past five years, U.S. Army and Marine Corps officers have been operating in highly complex combat environments in both Afghanistan and Iraq. Uniformed decisionmakers realized early on that these wars required a wide array of skill sets and areas of expertise beyond those traditionally taught to junior officers. Army chief of staff Gen. Peter Schoomaker has stressed the need for a new kind of Army leader skilled in governance, statesmanship, and diplomacy and able to understand and work within different cultural contexts. The question, then, is to what extent the education given to future ground component officers at the U.S. Military Academy at West Point and the U.S. Naval Academy at Annapolis is working to produce such leaders. Specifically, to what extent are the traditional engineering-based curricula at the nations service academies producing leaders with the requisite language and cultural skills necessary to be effective officers on the ground in Iraq and Afghanistan?
- Topic:
- Development, Education, and War
- Political Geography:
- Afghanistan, United States, Iraq, and Middle East
280. Nation Building: We CAN Do Better
- Author:
- Beth Cole and Christina Parajon
- Publication Date:
- 03-2007
- Content Type:
- Policy Brief
- Institution:
- United States Institute of Peace
- Abstract:
- How can the international community increase the likelihood of success in societies emerging from conflict? This question was discussed at a public Institute event, Nation Building in the 21st Century: Prescriptions for Success, on March 9, 2007. The panel of speakers included Representative Sam Farr (D-CA); Ambassador James Dobbins, director of International Security and Defense Policy Center at the RAND National Security Research Division; Ambassador John Herbst, coordinator for the Office of Reconstruction and Stabilization; and Beth Cole, senior program officer at the Institute. Daniel Serwer, Institute vice president for Post-Conflict Peace and Stability Operations, moderated. The discussion drew on a new RAND book, The Beginner's Guide to Nation Building, whose authors include Dobbins and Cole, a “Framework for Success for Societies Emerging from Conflict” developed by USIP, and new operating models nearing approval by the U.S. government for the deployment of civilians to missions abroad. This USIPeace Briefing highlights the main points made during the discussion and does not represent the views of the Institute, which does not advocate specific policies. Drawing on past experience, the panel emphasized that the success of future nation building missions depends on acquiring support from policymakers in Congress and the Administration, applying lessons learned in the past, using common frameworks and doctrine for the future, and increasing civilian capacity, which is sorely lacking.
- Topic:
- International Relations, Development, and Political Economy
- Political Geography:
- United States