« Previous |
71 - 77 of 77
|
Next »
Number of results to display per page
Search Results
72. Global Imbalances and Financial Reform with Examples from China
- Author:
- Raghuram G. Rajan
- Publication Date:
- 07-2006
- Content Type:
- Journal Article
- Journal:
- The Cato Journal
- Institution:
- The Cato Institute
- Abstract:
- I will focus on a familiar issue, the problem of global current account imbalances, and will describe how financial sector reform can help narrow them, using examples from China. The United States is running a current account deficit approaching 6.25 percent of its GDP and over 1.5 percent of world GDP. To help finance it, the United States pulls in 70 percent of all global capital flows. Clearly, such a large deficit is unsustainable in the long run. The current situation has its roots in a series of crises over the last decade that were caused by excessive investment, such as the Japanese asset bubble, the crises in emerging markets in Asia and Latin America, and most recently, the IT bubble. Investment has fallen off sharply since, with only very cautious recovery. This is particularly true of emerging Asia and Japan. The policy response to the slowdown in investment has differed across countries. In the industrial countries, accommodative policies such as expansionary budgets and low interest rates have led to consumption- or credit-fueled growth, particularly in Anglo-Saxon countries. Government savings have fallen, especially in the United States and Japan, and household savings have virtually disappeared in some countries with housing booms. By contrast, the crises were a wake-up call in a number of emerging market countries. Historically lax policies have been tightened, with some countries running primary fiscal surpluses for the first time, and most bringing down inflation through tight monetary policy. With corporations cautious, and governments abandoning the grandiose projects of the past, investment has fallen off. Instead, exports have led growth. Many emerging markets have run current account surpluses for the first time. In emerging Asia, a corollary has been a buildup of international reserves.
- Topic:
- Financial Crisis, Reform, Finance, Economy, and Deficit
- Political Geography:
- China, Asia, North America, and United States of America
73. Ending Welfare As We Know It: A Reform Still in Progress
- Author:
- Demetrios James Caraley
- Publication Date:
- 01-2002
- Content Type:
- Journal Article
- Journal:
- Political Science Quarterly
- Institution:
- Academy of Political Science
- Abstract:
- DEMETRIOS JAMES CARALEY summarizes the political and social dynamics that brought about the repeal of Aid to Families of Dependent Children (AFDC) and analyzes the effects of the new Temporary Assistance for Needy Families (TANF) program over its first four years. He considers possibilities for further changes in cash assistance for poor families during the program’s necessary reauthorization in 2002.
- Topic:
- Reform, Domestic Politics, Public Policy, Welfare, and Social Services
- Political Geography:
- North America and United States of America
74. The Politics of Reforming Social Security
- Author:
- R. Douglas Arnold
- Publication Date:
- 07-1998
- Content Type:
- Journal Article
- Journal:
- Political Science Quarterly
- Institution:
- Academy of Political Science
- Abstract:
- R. DOUGLAS ARNOLD analyzes the political difficulties in reforming Social Security in the absence of a short-term crisis. He argues that the chief political problem is to find a way to impose short-term costs on current taxpayers when the benefits of advance funding are exclusively long-term for future retires.
- Topic:
- Politics, Reform, and Social Security
- Political Geography:
- North America and United States of America
75. Brazil: The Twisted Path to Reform
- Author:
- Mark Falcoff
- Publication Date:
- 05-1997
- Content Type:
- Special Report
- Institution:
- American Enterprise Institute for Public Policy Research
- Abstract:
- Although Mexico is, without doubt, the most important Latin American country for the United States, by any standard Brazil should rank close behind. It represents our second largest export market in the region and has become the second largest venue of U.S. investment there. More to the point, in many ways, Brazil is South America, in the sense that its economy is larger than that of all its neighbors combined. In many ways, it is a trendsetter for an entire continent. The success or failure of President Fernando Henrique Cardoso’s reform program will decisively shape the future of Argentina, Uruguay, and Paraguay and influence strongly developments in Ecuador, Colombia, Peru, and Bolivia.
- Topic:
- Foreign Policy, Economics, Government, and Reform
- Political Geography:
- Brazil, Latin America, and United States of America
76. Who’s Afraid of Big Bad Brazil?
- Author:
- Mark Falcoff
- Publication Date:
- 11-1997
- Content Type:
- Special Report
- Institution:
- American Enterprise Institute for Public Policy Research
- Abstract:
- On his trip to South America last month, President Clinton made quite a splash in Brazil. After starting off badly–dodging a torrent of manure thrown at his motorcade–he ended the week with the local media singing his praises. The secret of his success? The president (a quick study if there ever was one) immediately grasped that the best way to get along with Brazilians was to repeat back to them–with redoubled enthusiasm–what they told him about themselves. Thus, by the time Clinton had been in the country for thirty-six hours, he was expressing his conviction that Brazil, together with the United States, would lead the hemisphere in the twenty-first century. He also went out of his way to insist on his support for Mercosur, a subregional trade agreement-cum-political alliance of whose existence Clinton was probably only peripherally aware before his trip. In so doing, he seemed to be writing off an entire continent to the Brazilian sphere of influence.
- Topic:
- Foreign Policy, Defense Policy, Economics, Politics, and Reform
- Political Geography:
- Brazil, South America, and United States of America
77. Teenage Childbearing and Personal Responsibility: An Alternative View
- Author:
- Arline T. Geronimus
- Publication Date:
- 09-1997
- Content Type:
- Journal Article
- Journal:
- Political Science Quarterly
- Institution:
- Academy of Political Science
- Abstract:
- ARLINE T. GERONIMUS examines widely-shared assumptions about teen childbearing that informed the welfare reform debate. She argues that the scientific basis for these assumptions is equivocal and questions the belief that teen childbearing always represents irrationality and the abdication of personal responsibility.
- Topic:
- Reform, Youth, Welfare, Social Responsibility, and Parenthood
- Political Geography:
- North America and United States of America