Number of results to display per page
Search Results
992. Outward FDI from Germany and its policy context: update 2011
- Author:
- Thomas Jost
- Publication Date:
- 09-2011
- Content Type:
- Working Paper
- Institution:
- Columbia Center on Sustainable Investment
- Abstract:
- In 2010, German companies strongly increased their investments in foreign affiliates, with outward foreign direct investment (OFDI) flows having reached their third highest value on record (US$ 105 billion). Flows were driven by rising exports and growing profits of the German corporate sector. In 2010, the German economy made a robust recovery from the worldwide economic and financial crisis and became a growth engine among European Union (EU) countries. A further increase of OFDI is expected in 2011, as German companies are seeking to strengthen their strategic position in their main markets, although the pre-crisis level of OFDI flows of US$ 171 billion in 2007 will be hard to achieve. The German Government has continued to support the internationalization process of the German corporate sector by expanding its network of bilateral investment treaties and providing financial support and information services.
- Topic:
- International Trade and Finance, Markets, and Foreign Direct Investment
- Political Geography:
- Europe, Germany, and Ethiopia
993. US Tax Discrimination Against Large Corporations Should Be Discarded
- Author:
- Gary Clyde Hufbauer and Martin Vieiro
- Publication Date:
- 10-2011
- Content Type:
- Policy Brief
- Institution:
- Peterson Institute for International Economics
- Abstract:
- The United States holds contradictory views about large corporations. When Americans speak of breakthroughs in research and engineering, they are justly proud of large firms that pioneered railroads and steam engines in the 19th century, automobiles, electric power, and oil exploration in the 20th century, and computers, software, and biotechnology in the 21st century. Yet when talk turns to paying taxes, public opinion holds that large corporations should pay a higher statutory tax rate than other business firms, and enjoy fewer deductions in computing their taxable income. Despite common sense and the teachings of economics, tax discrimination is alive and well.
- Topic:
- Economics, Globalization, International Trade and Finance, Markets, and Financial Crisis
- Political Geography:
- United States and America
994. How Flexible Can Inflation Targeting Be and Still Work?
- Author:
- Adam S. Posen and Kenneth N. Kuttner
- Publication Date:
- 09-2011
- Content Type:
- Working Paper
- Institution:
- Peterson Institute for International Economics
- Abstract:
- This paper takes up the issue of the flexibility of inflation targeting regimes, with the specific goal of determining whether the monetary policy of the Bank of England, which has a formal inflation target, has been any less flexible than that of the Federal Reserve, which does not have such a target. The empirical analysis uses the speed of inflation forecast convergence, estimated from professional forecasters' predictions at successive forecast horizons, to gauge the perceived flexibility of the central bank's response to macroeconomic shocks. Based on this criterion, there is no evidence to suggest that the Bank of England's inflation target has compelled it to be more aggressive in pursuit of low inflation than the Federal Reserve.
- Topic:
- Economics, International Trade and Finance, Markets, and Monetary Policy
- Political Geography:
- England
995. The new Dutch sandwich: The issue of treaty abuse
- Author:
- George Kahale, III
- Publication Date:
- 10-2011
- Content Type:
- Policy Brief
- Institution:
- Columbia Center on Sustainable Investment
- Abstract:
- Years ago, international tax lawyers introduced us to the term “Dutch sandwich.” The concept was to sandwich a Dutch company between an investor from country A and its investment in country B. The combination of the extensive network of Dutch tax treaties and investor-friendly domestic Dutch tax law meant that country A's investor could reduce withholding tax on dividends out of country B and perhaps eliminate capital gains tax altogether by structuring its investment through a Dutch company.
- Topic:
- Economics, International Trade and Finance, Markets, and Foreign Direct Investment
- Political Geography:
- Europe
996. Not a Game, Speculation vs Food Security: Regulating financial markets to grow a better future
- Author:
- Marc-Olivier Herman, Ruth Kelly, and Robert Nash
- Publication Date:
- 10-2011
- Content Type:
- Policy Brief
- Institution:
- Oxfam Publishing
- Abstract:
- Food prices are a matter of life and death to many in the developing world. Financial markets that should be helping food growers and processors to manage their risk and set prices have become a potential threat to global food security. Deregulated and secretive agricultural commodity derivatives markets have attracted huge sums of speculative money, and there is growing evidence that they deliver distorted and unpredictable food prices. Financial speculation can play an important role to help food producers and end users manage risks, but in light of the harm that excessive speculation may cause to millions, action is required now to address the problem. This briefing explains what has gone wrong with financial markets and what could be done to fix them.
- Topic:
- Security, Agriculture, International Trade and Finance, Markets, and Food
- Political Geography:
- Europe
997. Global Outlook: Dangerous Times
- Publication Date:
- 10-2011
- Content Type:
- Policy Brief
- Institution:
- Oxford Economics
- Abstract:
- The global economic outlook has worsened significantly. The latest data point to a slowdown in economic activity in the spring and summer. Our baseline forecast sees world GDP rising by 2.8% in 2011 and 3.1% in 2012 (at market exchange rates). There are significant risks to global growth coming from three different fronts: i) an escalation of the Eurozone debt crisis, ii) the possibility that the US falls back into recession, and iii) a hard landing in the emerging economies.
- Topic:
- Economics, Globalization, International Trade and Finance, and Markets
- Political Geography:
- Ethiopia
998. Fostering Growth and Development in Small States through Disruptive Change: A Case Study of the Caribbean
- Author:
- Avinash D. Persaud
- Publication Date:
- 10-2011
- Content Type:
- Working Paper
- Institution:
- Centre for International Governance Innovation
- Abstract:
- The desks of civil servants in small states are stacked with yellowing consultancy reports from multilateral agencies on the need to generate sustainable jobs and growth, attract investment, bolster infrastructure and institutions, and improve the efficiency and reduce the expense of government. The real question is not what, but why? Why, in spite of everything we know, are many small states, especially those in the Caribbean, trapped in a zone of low growth, stagnation or relative decline? Policy makers face physical and financial constraints and implementation deficiencies, but the overriding constraint, even more so than in other countries, is political economy.
- Topic:
- Development, Economics, International Trade and Finance, Poverty, and Maritime Commerce
- Political Geography:
- Caribbean
999. The G20: Engine of Asian Regionalism?
- Author:
- Hugo Dobson
- Publication Date:
- 11-2011
- Content Type:
- Working Paper
- Institution:
- German Institute of Global and Area Studies
- Abstract:
- As a result of the emergence of the G20 as the self‐appointed “premier forum for international economic cooperation”, Asia's expanded participation in G‐summitry has attracted considerable attention. As original G7 member Japan is joined by Australia, China, Indonesia, India and South Korea, this has given rise to another alphanumeric configuration of the Asian 6 (A6). Resulting expectations are that membership in the G20 will impact Asian regionalism as the A6 are forced into coordination and cooperation in response to the G20's agenda and commitments. However, by highlighting the concrete behaviours and motivations of the individual A6 in the G20 summits so far, this paper stands in contrast to the majority of the predominantly normative extant literature. It highlights divergent agendas amongst the A6 as regards the future of the G20 and discusses the high degree of competition over their identities and roles therein. This divergence and competition can be seen across a range of other behaviours including responding to the norm of internationalism in promoting global governance and maintaining the status quo and national interest, in addition to claiming a regional leadership role and managing bilateral relationships with the US.
- Topic:
- Economics, Emerging Markets, Globalization, International Trade and Finance, Regional Cooperation, and Governance
- Political Geography:
- United States, Japan, China, Indonesia, India, Asia, South Korea, and Australia
1000. After €urogeddon? Frequently asked questions about the break-up of the euro zone
- Publication Date:
- 11-2011
- Content Type:
- Working Paper
- Abstract:
- Thirteen years since its launch, Europe's common currency is in crisis. A Greek debt restructuring is inevitable, and concern is now focusing on contagion among the larger euro area economies. The prospect of a cascade of disorderly sovereign defaults is chilling investors, and the departure of some members from the common currency is increasingly being discussed. The Economist Intelligence Unit's central forecast is that the currency area will survive, but the odds of failure are too high to ignore. To help clients anticipate the implications for their operations of a collapse in the euro zone, we have compiled a list of frequently asked questions (FAQ), exploring the potential scope and impact of a euro-area break-up. We look at what “break-up” could mean, although in practice numerous possible permutations exist between the extremes of departure by a single country and the exit of all 17 members.
- Topic:
- Economics, International Trade and Finance, Markets, Regional Cooperation, Monetary Policy, and Financial Crisis
- Political Geography:
- Europe