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541. The Future of American Power

Author:
Joseph S. Nye Jr.
Publication Date:
11-2010
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
It is currently fashionable to predict a decline in the United States' power. But the United States is not in absolute decline, and in relative terms, there is a reasonable probability that it will remain more powerful than any other state in the coming decades.
Topic:
Economics
Political Geography:
United States and America

542. GDP Now Matters More Than Force

Author:
Leslie H. Gelb
Publication Date:
11-2010
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
Most nations have adjusted their foreign policies to focus on economic security, but the United States has not. Today's leaders should adapt to an economic-centric world and look to Presidents Harry Truman and Dwight Eisenhower for guidance.
Topic:
Security and Economics
Political Geography:
United States, Europe, and Washington

543. The Demographic Future

Author:
Nicholas Eberstadt
Publication Date:
11-2010
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
Global demographics in the twenty-first century will be defined by steep declines in fertility rates. Many countries will see their populations shrink and age. But relatively high fertility rates and immigration levels in the United States, however, may mean that it will emerge with a stronger hand.
Topic:
Economics, United Nations, and War
Political Geography:
United States and Beijing

544. Globalizing the Energy Revolution

Author:
Michael Levi, Adam Segal, Elizabeth C. Economy, and Shannon O'Neil
Publication Date:
11-2010
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
Clean-energy technology is expensive and the United States is spending far too little on developing it. The U.S. government must do more to promote cross-border innovation and protect intellectual property rights.
Topic:
Economics
Political Geography:
United States and China

545. Does Profit-Seeking Rule Out Love? Evidence (or Not) from Economics and Law

Author:
Julie A. Nelson
Publication Date:
09-2010
Content Type:
Working Paper
Institution:
Global Development and Environment Institute at Tufts University
Abstract:
Many believe that firms are driven to maximize profits, and therefore are not allowed to take actions that would benefit their workers, communities, or the environment if these actions would reduce profits even slightly. This essay shows that this belief is supported neither by sound economic evidence and arguments, nor by United States statutory and case law. The roots of this belief are, instead, to be found in a centuries-old desire of economists to make our discipline look like Newtonian physics. Among scholars of law, both misinformation and the use of University of Chicago-style economics have contributed to the belief's popularity. Among scholars and the public alike, the dualistic "love or money" view is appealing because of its simplicity and congruence with cultural gender norms. Reexamining the evidence, rather than adhering to common ideologies, this essay offers an unconventional analysis of corporate behavior and commodification.
Topic:
Economics, Environment, International Trade and Finance, Markets, and Law
Political Geography:
United States and Chicago

546. An Interview with Andrew Schiff about Fishing Nets, Hut Gluts, and other Economic Matters

Author:
Andrew Schiff
Publication Date:
12-2010
Content Type:
Journal Article
Journal:
The Objective Standard
Institution:
The Objective Standard
Abstract:
The author and investor discusses his book, the state of economy, the cause of America's financial problems, and investment possibilities under the circumstances
Topic:
Security and Economics
Political Geography:
United States

547. Five Surprises of the Great Recession

Author:
Uri Dadush and Vera Eidelman
Publication Date:
11-2010
Content Type:
Policy Brief
Institution:
Carnegie Endowment for International Peace
Abstract:
The Great Recession included five major surprises: (1) the severity of the global trade and output collapse, (2) the United States suffered a milder than expected recession, (3) Europe saw the onset of a severe sovereign debt crisis, (4) China grew at an extraordinary rate even though it's greatly dependent on exports, and (5) Latin America showed remarkable resilience.
Topic:
Economics, Globalization, Global Recession, and Financial Crisis
Political Geography:
United States, China, Europe, and Latin America

548. Progressive and Regressive Taxation in the United States: Who's Really Paying (and Not Paying) their Fair Share?

Author:
Brian Roach
Publication Date:
12-2010
Content Type:
Working Paper
Institution:
Global Development and Environment Institute at Tufts University
Abstract:
The 2010 debate over extending the 2001 and 2003 Bush tax cuts often focused the fairness of the tax distribution in the United States. Unfortunately, discussions of tax fairness rarely take into account the distribution of the overall tax system, typically focusing only on the federal income tax or on federal taxes without consideration of the state and local tax system. This paper updates a 2003 analysis (Roach, 2003) to present a current assessment of the distribution of all components of the U.S. tax system, including recent trends. The results show that the overall federal tax system is quite progressive. But when state and local taxes are included as well, the overall U.S. tax system is only slightly progressive. Further, most of the progressivity of the overall tax system occurs in the lower half of the income spectrum. At upper-income levels, progressivity levels off and actually reverses at the highest income levels. Median-income taxpayers pay about 25% of their total income in taxes, while taxpayers in the top 1% pay about 31% of their income in taxes. Thus claims that America has a “highly progressive” tax system do not appear to be valid.
Topic:
Economics, Social Stratification, and Monetary Policy
Political Geography:
United States

549. Trade Disputes Between China and the United States: Growing Pains so Far, Worse Ahead?

Author:
Gary Clyde Hufbauer and Jared C. Woollacott
Publication Date:
12-2010
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
This study covers the history of Sino-US trade relations with a particular focus on the past decade, during which time each has been a member of the World Trade Organization (WTO). Providing a brief history of 19th and 20th century economic relations, this paper examines in detail the trade disputes that have arisen between China and the United States over the past decade, giving dollar estimates for the trade flows at issue. Each country has partaken in their share of protectionist measures, however, US measures have been characteristically defensive, protecting declining industries, while Chinese measures have been characteristically offensive, promoting nascent industries. We also cover administrative and legislation actions within each country that have yet to be the subject of formal complaint at the WTO. This includes an original and comprehensive quantitative summary of US Section 337 intellectual property rights cases. While we view the frictions in Sino-US trade a logical consequence of the rapid increase in flows between the two countries, we caution that each country work within the WTO framework and respect any adverse decisions it delivers so that a protracted protectionist conflict does not emerge. We see the current currency battle as one potential catalyst for such conflict if US and Chinese policymakers fail to manage it judiciously.
Topic:
Economics, International Trade and Finance, Markets, and Bilateral Relations
Political Geography:
United States and China

550. A Bright Future for International Law?

Author:
Steven Haines
Publication Date:
06-2010
Content Type:
Policy Brief
Institution:
The Geneva Centre for Security Policy
Abstract:
During the period of the Bush presidency, from 2001-2009, there was much concern expressed, both domestically within the United States and internationally, about Washington's apparently cavalier attitude towards international law. 1 Much of this – though by no means all – was prompted by the US reaction to the 2001 attacks on New York and Washington (the so-called 'global war on terrorism'), and the decision in 2002/3 to opt for regime change in Iraq. For many commentators it seemed as though US policy in that period provided solid evidence that law within the international system was of little influence in the face of determined power. This perception reflects realist assumptions about the pre-eminence of national interest and power as determinants of policy. Of particular moment is the power of those states that fall within the category of 'great power' – and 'superpower' has a special quality all its own.
Topic:
Economics, International Law, International Affairs, and Power Politics
Political Geography:
United States