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421. A New World Map in Textiles and Clothing

Publication Date:
10-2004
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
The textile and clothing industries provide employment for tens of million of people, primarily in developing countries, and accounted for USD 350 billion in merchandise exports in 2002, or 5.6% of the world total. The current rules governing world trade in textiles and clothing will change drastically at the end of 2004, when countries will no longer be able to protect their own industries by means of quantitative restrictions on imports of textile and clothing products. What will this mean for cotton growers in Burkina Faso and Turkey, fashion retailers in France and the United States, or shirt factories in Bangladesh, the Dominican Republic or China?
Topic:
Civil Society, Development, Economics, and Industrial Policy
Political Geography:
Bangladesh, United States, China, Turkey, and France

422. Fresh Starts: School Form and Student Outcomes

Author:
Peter Bearman and Christopher Weiss
Publication Date:
10-2004
Content Type:
Working Paper
Institution:
Institute for Social and Economic Research and Policy at Columbia University
Abstract:
Seemingly endless tinkering and adjustment of the structure of education in the United States over the past century has led to the adoption of different school forms at different times. Currently the middle school is the dominant form of schooling for the middle years of education; however, the middle school is a relatively new form that replaced the junior high school, which itself replaced previous schooling forms. Despite the rhetoric of policymakers and practitioners, little research has considered what school forms work for what kinds of adolescents across what dimensions. In this article, we show that for both academic and non-academic outcomes, how school systems structure the transition from 8th to 9th grade makes almost no difference. Where differences appear, they are small and point to the benefits of school transitions for providing fresh starts to adolescents in socially difficult situations. The policy implications are correspondingly clear: the optimal school structure for any school district is the one that maximizes building space, reduces crowding, and achieves administrative rationality.
Topic:
Development, Economics, and Education
Political Geography:
United States

423. Foreign Policy-Making in the Clinton Administration: Reassessing Bosnia and the "Turning Point" of 1995

Author:
Séastien Barthe and Charles-Philippe David
Publication Date:
12-2004
Content Type:
Working Paper
Institution:
The Raoul Dandurand Chair of Strategic and Diplomatic Studies, Université du Québec à Montréal
Abstract:
The conflict that ravaged Bosnia-Herzegovina from 1992 to 1995 was one of the central international problems that the Clinton White House had to face during its first term. The “issue from hell”, as Warren Christopher famously dubbed it in 19933, was emblematic of the Clinton administration's failure, during the period of January 1993 to late summer 1995, to formulate foreign policies that could produce the results desired by the policy-makers in the West Wing.
Topic:
Foreign Policy and Development
Political Geography:
United States, Bosnia, Herzegovina, and Eastern Europe

424. "Foreign Policy Is Not What I Came Here to Do" Dissecting Clinton's Foreign Policy-Making: A First Cut

Author:
Séastien Barthe and Charles-Philippe David
Publication Date:
12-2004
Content Type:
Working Paper
Institution:
The Raoul Dandurand Chair of Strategic and Diplomatic Studies, Université du Québec à Montréal
Abstract:
Some presidents fit a pattern. But though Clinton does bear comparison with some of his predecessors, he combines elements of several types and defies (for now) definitive categorization.
Topic:
Foreign Policy and Development
Political Geography:
United States and Eastern Europe

425. International Diversification at Home and Abroad

Author:
Fang Cai and Francis E. Warnock
Publication Date:
12-2004
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
We analyze foreigners' and domestic institutional investors' positions in U.S. equities. Controlling for many factors, we uncover a common preference for large firms and firms that are diversified internationally. The domestic preference for internationally diversified firms implies that investors might obtain substantial international diversification by investing at home. Using an international factor model, we show that exposure to foreign equity markets is indeed greater for domestic firms that are more diversified internationally, suggesting that at least some of the home-grown foreign exposure translates into international diversification benefits. After accounting for home-grown foreign exposure, the share of 'foreign' equities in investors' portfolios nearly doubles, reducing (but not eliminating) the observed home bias.
Topic:
International Relations, Development, Economics, and International Trade and Finance
Political Geography:
United States

426. Foreign Participation in Local-Currency Bond Markets

Author:
Francis E. Warnock and John D. Burger
Publication Date:
02-2004
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
We analyze the development of, and foreign participation in, 49 local bond markets. Countries with stable inflation rates and strong creditor rights have more developed local bond markets and rely less on foreign-currency-denominated bonds. Less developed bond markets have returns characterized by high variance and negative skewness, factors eschewed by U.S. investors. Results based on a three-moment CAPM indicate, however, that it is diversifiable idiosyncratic risk that U.S. investors appear to shun. Taken as a whole our results hint at a virtuous cycle of bond market development: Creditor friendly policies and laws can spark local bond market development that enables the development of derivatives markets and, in turn, attracts foreign participation.
Topic:
Development, Economics, Emerging Markets, and International Trade and Finance
Political Geography:
United States

427. That Old Time Religion: A Review of Recent Environmental Books

Author:
Steven F. Hayward
Publication Date:
11-2004
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
A slew of new and highly regarded environmental books in 2004 is testimony to the persistence of environmental apocalyticism, despite growing signs of environmental progress in the United States and the developing world. The persistence of doomsaying is an indicator of the staleness of popular environmental thought, which is increasingly removed from political reality and closed-minded toward innovative thinking about real environmental problems and their solutions.
Topic:
Development, Energy Policy, and Environment
Political Geography:
United States

428. Labour Markets and Employment Development in South East Europe

Author:
Hermine Vidovic
Publication Date:
01-2004
Content Type:
Working Paper
Institution:
Austrian National Defence Academy
Abstract:
In contrast to the Central European transition countries, the economies of South East Europe (SEE) have been facing complex and interrelated political and economic problems. The dis solution of Yugoslavia combined with market losses, war in Bosnia and Herzegovina and Croatia, sanctions finally culminating in the Kosovo conflict were the main causes of political and economic instability in the whole region. Taking into account these factors, output recovery has been much slower in SEE than in the Central European countries. Measured in purchasing power standards, Croatia is the best per former in the region, with its GDP at about 38% of the EU average. Next comes Bulgaria (32%), whereas the respective values f or Serbia and Montenegro and Albania range between 15-17%. Looking at the economic performance in the 1990-2002 period, Croatia and Romania reached almost 94% of their pre-transitional level in 2002, followed by Bulgaria and Macedonia (about 88% each). Serbia and Montenegro, the worst-affected, reached only about half of what it was in 1990. The cumulative output decline there was one of the largest among all the Central and East European countries.
Topic:
Security, Defense Policy, Development, and Sanctions
Political Geography:
United States, Central Asia, Eastern Europe, Kosovo, Serbia, Bulgaria, Albania, Croatia, and Montenegro

429. La política exterior de las entidades federativas: un estudio comparado

Author:
Jorge A. Schiavon
Publication Date:
08-2004
Content Type:
Working Paper
Institution:
Centro de Investigación y Docencia Económicas
Abstract:
This working paper analyses the causes of the increased international activity of federated states' units, and the way and intensity in which this activity takes place. First, it explains that the growing participation of federal entities in foreign policy is a product, on one hand, of increasing globalization and interdependence in the international system, and, on the other, of the internal processes of liberalization, democratization, and decentralization. Second, using the Mexican case as an example, it explains how the legal rules in the Constitution establish the limits of international participation of the states of the federation; then, it analyses how the institutional configuration, the division of power, and the division of purpose in the system influence the degree of intensity of participation of these federal units in foreign policy issues, within the constitutional limitations. Likewise, it considers economic capacity and geographical location of the states as variables that also seem to influence their degree of activity. Then, it briefly explores how Mexican federal entities have participated in the internacional arena. Finally, it describes the relationships, in terms of foreign policy, between different orders of government in other federal systems, such as Australia, Brazil, Canada, Germany, Switzerland, and the United States, and contrasts these relationships with those in Mexico.
Topic:
International Relations, Foreign Policy, Development, and Government
Political Geography:
United States, Canada, Germany, Australia, Switzerland, and Mexico

430. The Saudi Security Apparatus: Military and Security Services - Challenges and Developments

Author:
Anthony H. Cordesman and Nawaf Obaid
Publication Date:
08-2004
Content Type:
Working Paper
Institution:
Geneva Centre for Security Sector Governance (DCAF)
Abstract:
Both Saudi Arabia's security situation, and the Saudi security apparatus, are undergoing major changes. Saudi Arabia no longer faces a major threat from Iraq, but must deal with the growing risk that Iran will become a nuclear power. This confronts Saudi Arabia with hard strategic choices as to whether to ignore Iran's efforts to proliferate, seek US military assistance in deterring Iran and possibly in some form of missile defense, or to acquire more modern missiles and its own weapons of mass destruction.
Topic:
International Relations, Security, Development, and Terrorism
Political Geography:
United States, Iraq, Iran, Middle East, and Arabia