The object of this study is to assess the role of trade in the transmission of currency shocks across geographically close countries. The analysis will focus on identifying and comparing the degree of vulnerability of new EU member states from the Central and Eastern European countries (CEECs) to currency shocks.
This study poses the question about whether labour market institutions can explain unemployment rates in the ten new European Union member states. In five out of the ten new member states, unemployment rates lie above the average in the 15 member states of the European Union (EU-15) that comprised the EU prior to May 2004. The study finds that labour market institutions in the acceding countries are less rigid than in the EU-15. Moreover, labour market institutions explain only a minor part of unemployment in the new EU member states. This does not mean that these countries have no labour market problems. Just as in the EU-15, a great deal of heterogeneity exists among the acceding countries. In some of them, labour market reforms could prove a key issue in improving employment performance. The main worry is the poor labour market performance in Poland and the Slovak Republic, where unemployment has risen to almost 20%. The main reasons for this growth are i) postponed restructuring in combination with tight monetary policy; ii) poor governance; and iii) an increasing labour force.
Belfer Center for Science and International Affairs, Harvard University
Abstract:
Vaccines represent a nearly $8 billion global industry today , which is projected to grow to $10 billion in 2010 (PhRMA, 2001). In 2001, worldwide spending on R for “biologicals,” of which vaccines are the largest segment, was $1.1 billion (about 4% of total private pharmaceutical R) (PhRMA, 2001). Although vaccines com p rise only 2% of the global pharmaceutical market, it is indispensable for public health immunization the world over. Yet, at the same time, the number of private vaccine suppliers in advanced industrialised countries is shrinking (in the US alone, there were over twenty vaccine suppliers until the 1970s and now approximately five exist); firm s in developing countries must pick up some of this slack, especially for vaccines that are especially important for diseases prevalent in developing countries.
Topic:
Energy Policy, Human Welfare, Industrial Policy, and Science and Technology
The growth and movement of jobs and population in the Washington, DC metropolitan area and the persistence of the booming housing market in the city have created both a crisis of affordability and an opportunity to strengthen and rebuild portions of the District of Columbia.
Topic:
Civil Society, Economics, Government, and Human Welfare
In theory it seems quite straightforward. All United Nations humanitarian and development agencies have a role to play in ensuring respect for the human rights of persons who have become, or are at risk of becoming, displaced within the borders of their own country as a result of armed conflict and human rights violations.
Topic:
Development, Human Welfare, Third World, and United Nations
We hypothesize that the perceived returns to human capital and to income uncertainty are important determinants of recent cross-sectional variation in Latin American fertility. An empirical study of cross-country individual level data supports the hypothesis. In particular, we find that a higher perceived return to human capital and higher income uncertainty both lead to higher fertility, all else equal. We interpret the evidence to suggest that increasing economic opportunity in Latin America should be accompanied by institutions that provide social protection in order to promote further decreases in fertility toward the replacement rate.
Topic:
Economics, Gender Issues, and Human Welfare
Political Geography:
South America, Latin America, Central America, and Caribbean
This paper studies the effect of regional unemployment rates on subjective well-being in post-Soviet Russia. Research conducted in Europe and the United States has documented that higher unemployment rates lead to lower reported life-satisfaction. By contrast, our Russian study finds a small but significant effect in the other direction. We estimate that du ring the period of our study (1995-2001), each percentage point increase in the local unemployment rate was correlated with the average well-being of people in the region increasing by an amount equivalent to moving 2% of the population up one level in life satisfaction measured on a five-point scale. Our intuition is that the so-called comparison effect drives this result: when individuals observe their peers suffering in a troubled economy, they lower their standards of what is good enough. All else equal, they thus perceive themselves to be better off in worse times. In highlighting the dependence of subjective well-being scores on expectations and reference groups, we sound a note of caution against using happiness data from economies in crisis to draw macroeconomic policy conclusions.
Topic:
Economics and Human Welfare
Political Geography:
Russia, United States, Europe, Asia, and Soviet Union
The United States is in the midst of a wave of unprecedented immigration. Immigrants comprised 11.1 percent of the U.S. population in 2000. During the 1990s alone, the foreign-born population grew by 11.3 million, or 57.4 percent, bringing the Census 2000 count of immigrants to 31.1 million. The rapidity of this influx, coupled with its sheer size, means that American society will con- front momentous social, cultural, and political change during the coming decades and generations.
Efforts to reform the welfare system over the last two decades have largely focused on reducing welfare dependency by getting welfare recipients to work. By the time the Temporary Assistance for Needy Families (TANF) program was created by the welfare reform law of 1996, there was widespread agreement in the states that welfare recipients should be required to look for work and to do so shortly after (or even before) they began receiving cash assistance. Once TANF was implemented, work became a central focus of local welfare offices. However, as shown by the recent debates on the reauthorization, consensus on work requirements remains elusive.
Until the end of 2003, the United States had been experiencing a “jobless” recovery, with employment stagnating at levels well below those in 2000. A widespread perception has arisen that a major culprit behind the dearth of jobs was the growing practice of U.S. firms to relocate part of their domestic operations to lower-wage countries abroad. “Offshoring” presumably caused a reduction in U.S. output and a corresponding loss of jobs.