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332. The Freedom Savings Credit: A Practical Step to Build Americans' Household Balance Sheets
- Author:
- Lisa Mensah, Raymond O'Mara III, Colby Farber, and Robert Weinberger
- Publication Date:
- 02-2012
- Content Type:
- Policy Brief
- Institution:
- Aspen Institute
- Abstract:
- The imbalance of too much debt and not enough assets fuels financial insecurity in many American households. Building Americans' household balance sheets should start with making savings and asset-building incentives more efficient and equitable. Although millions of working Americans currently receive little or no tax incentive to save, modest reforms to our tax code have the potential to dramatically improve their financial futures. The Aspen Institute Initiative on Financial Security (Aspen IFS) proposes the Freedom Savings Credit to create a more equitable and economically efficient savings system that will benefit millions of American households and the nation as a whole.
- Topic:
- Security, Debt, Economics, and Financial Crisis
- Political Geography:
- United States and America
333. Economic patriotism: Dealing with Chinese direct investment in the United States
- Author:
- Sophie Meunier
- Publication Date:
- 05-2012
- Content Type:
- Policy Brief
- Institution:
- Columbia Center on Sustainable Investment
- Abstract:
- China is investing throughout the world, in industries from automobiles to zinc. In the US, Chinese foreign direct investment (FDI) accounted for only 0.25% of total FDI stock in 2010,but it is likely to increase as China diversifies its holdings and seeks to obtain technology, managerial know-how and easier access to US consumers. As these investments multiply, we expect a few cases to attract negative attention in the media and political arena. Chinese companies are predominately state-controlled, raising the specter that they act to fulfill strategic, rather than profit maximizing, goals. China is also an ideological rival, causing irrational concern that Chinese investment in the US may act as a Trojan Horse of Chinese values and politics --fueled by rational concerns about subsidies, piracy, and economic espionage.
- Topic:
- Economics, International Trade and Finance, and Foreign Direct Investment
- Political Geography:
- United States and China
334. US Agricultural Exports to ASEAN Grow - But Face Competition
- Author:
- Michael McConnell
- Publication Date:
- 03-2012
- Content Type:
- Policy Brief
- Institution:
- East-West Center
- Abstract:
- ASEAN countries have long been an important international market for US agricultural exports. The United States, in 2011, exported almost $9.6 billion of agricultural products to ASEAN, making it the sixth-largest export destination for US farmers, ranchers, and agribusinesses—behind Japan ($14 billion) and just behind the European Union ($9.6 billion), but well ahead of South Korea ($7 billion). Moreover, the value of agricultural trade between the United States and ASEAN almost doubled between 2007 and 2011, with the top four ASEAN markets in 2011 for the United States being Indonesia ($2.8 billion), the Philippines ($2.1 billion), Vietnam ($1.7 billion), and Thailand ($1.3 billion). With a population of 614 million and strong economic growth, it is expected that ASEAN will continue to be an important market for US agricultural products. However, the United States is likely to face increasing competition, particularly from China, Australia, and New Zealand, all of which have free trade agreements (FTAs) with ASEAN.
- Topic:
- Agriculture, Demographics, Economics, International Trade and Finance, Markets, and Food
- Political Geography:
- United States, China, Europe, East Asia, South Korea, Australia, Southeast Asia, and New Zealand
335. U.S.-China Competition in Asia: Legacies Help America
- Author:
- Robert Sutter
- Publication Date:
- 02-2012
- Content Type:
- Policy Brief
- Institution:
- East-West Center
- Abstract:
- As Sino-American competition for influence enters a new stage with the Obama administration's re-engagement with Asia, each power's legacies in the region add to economic, military and diplomatic factors determining which power will be more successful in the competition. How the United States and China deal with their respective histories in regional affairs and the role of their non-government relations with the Asia- Pacific represent important legacies that on balance favor the United States.
- Topic:
- Foreign Policy, Arms Control and Proliferation, Diplomacy, Economics, International Trade and Finance, and Bilateral Relations
- Political Geography:
- United States, China, America, and Asia
336. Taiwan: Crisis Deferred, But Maybe Not For Long
- Author:
- Denny Roy
- Publication Date:
- 01-2012
- Content Type:
- Policy Brief
- Institution:
- East-West Center
- Abstract:
- Taiwan's elections on January 14, which for the first time combined polls for the presidency and the legislature, displayed further positive evolution in Taiwan's now well-established democracy. The results also precluded an immediate disruption in relations between Taiwan and the PRC, which is good news in Washington. In Beijing's view, however, the goal is not stability across the Taiwan Strait, but unification. Chinese impatience might weigh more heavily on President Ma Ying-jeou, and by extension on the United States, during Ma's second term.
- Topic:
- Arms Control and Proliferation, Democratization, Economics, and Politics
- Political Geography:
- United States, China, Washington, Taiwan, and Southeast Asia
337. America's Voluntary Standards System—A "Best Practice" Model for Innovation Policy?
- Author:
- Dieter Ernst
- Publication Date:
- 02-2012
- Content Type:
- Working Paper
- Institution:
- East-West Center
- Abstract:
- For its proponents, America's voluntary standards system is a "best practice" model for innovation policy. Foreign observers however are concerned about possible drawbacks of a standards system that is largely driven by the private sector. There are doubts, especially in Europe and China, whether the American system can balance public and private interests in times of extraordinary national and global challenges to innovation.
- Topic:
- Democratization, Economics, Globalization, International Trade and Finance, Markets, and Governance
- Political Geography:
- United States, China, and Europe
338. The Negative Effects of Minimum Wage Laws
- Author:
- Mark Wilson
- Publication Date:
- 06-2012
- Content Type:
- Working Paper
- Institution:
- The Cato Institute
- Abstract:
- The federal government has imposed a minimum wage since 1938, and nearly all the states impose their own minimum wages. These laws prevent employers from paying wages below a mandated level. While the aim is to help workers, decades of economic research show that minimum wages usually end up harming workers and the broader economy. Minimum wages particularly stifle job opportunities for low-skill workers, youth, and minorities, which are the groups that policymakers are often trying to help with these policies.
- Topic:
- Economics, Labor Issues, and Governance
- Political Geography:
- United States
339. The Great Streetcar Conspiracy
- Author:
- Randal O'Toole
- Publication Date:
- 06-2012
- Content Type:
- Working Paper
- Institution:
- The Cato Institute
- Abstract:
- Streetcars are the latest urban planning fad, stimulated partly by the Obama administration's preference for funding transportation projects that promote "livability" (meaning living without automobiles) rather than mobility or cost-effective transportation. Toward that end, the administration wants to eliminate cost-effectiveness requirements for federal transportation grants, instead allowing non-cost-effective grants for projects promoting so-called livability. In anticipation of this change, numerous cities are preparing to apply for federal funds to build streetcar lines.
- Topic:
- Economics, Environment, Government, Political Economy, and Infrastructure
- Political Geography:
- United States
340. Competition in Currency: The Potential for Private Money
- Author:
- Thomas L. Hogan
- Publication Date:
- 06-2012
- Content Type:
- Working Paper
- Institution:
- The Cato Institute
- Abstract:
- Privately issued money can benefit consumers in many ways, particularly in the areas of value stability and product variety. Decentralized currency production can benefit consumers by reducing inflation and increasing economic stability. Unlike a central bank, competing private banks must attract customers by providing innovative products, restricting the quantity of notes issued, and limiting the riskiness of their investing activities. Although the Federal Reserve currently has a de facto monopoly on the provision of currency in the United States, this was not always the case. Throughout most of U.S. history, private banks issued their own banknotes as currency. This practice continues today in a few countries and could be reinstituted in the United States with minimal changes to the banking system.
- Topic:
- Economics, Government, Markets, and Monetary Policy
- Political Geography:
- United States