The first half of this decade brought with it a range of economic challenges, including increased unemployment, stagnant family incomes, and rising poverty.
Topic:
Demographics, Development, Economics, and Government
Cynthia M. Taeuber, Daniel W. Gillman, and Laura Smith
Publication Date:
03-2007
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
Statistical metadata is commonly defined as data about data. Metadata documents information about a statistical dataset's background, purpose, content, collection, processing, quality, and related information that an analyst needs to find, understand, and manipulate statistical data. As such, the metadata for a statistical dataset broadens the number and diversity of people who can successfully use a data source once it is released. It is the purpose of this paper to discuss issues related to the development and use of statistical metadata and to describe resources to standardize and automate statistical metadata. While there are many types of metadata – this paper is concerned only with statistical metadata.
Topic:
Development, Government, and Science and Technology
On the eve of its second Mardi Gras since Katrina, New Orleans stands poised to gain a larger economic benefit from the event than in did in 2006. Twenty additional hotels have opened since last year's Mardi Gras, and the New Orleans airport is now accommodating 100,000 more arriving passengers each month.
The evidence is clear. On the whole, America's central cities are coming back. Employment is up, populations are growing, and many urban real estate markets are hotter than ever, with increasing numbers of young people, empty-nesters, and others choosing city life over the suburbs.
Topic:
Development, Economics, Globalization, and Government
While many developers and investors intuitively believe in the potential for profitable returns in American cities, there is a lack of visibility into what works and what does not work in urban markets. This week the Urban Markets Initiative at the Brookings Institution honors Urban Market Pathfinders who have demonstrated excellence capturing market potential by investing in communities.
Topic:
Civil Society, Demographics, Development, and Markets
Following years of economic stagnation, Nigeria embarked on a comprehensive reform program during the second term of the Obasanjo administration. The program was based on the National Economic Empowerment and Development Strategy (NEEDS) and focused on four main areas: improving the macroeconomic environment, pursuing structural reforms, strengthening public expenditure management, and implementing institutional and governance reforms. This paper reviews Nigeria's recent experience with economic reforms and outlines major policy measures that have been implemented. Although there have been notable achievements under the program, significant challenges exist, particularly in translating the benefits of reforms into welfare improvements for citizens, in improving the domestic business environment, and in extending reform policies to states and local governments. Consequently, we argue that the recent reform program must be viewed as the initial steps of a much longer journey of economic recovery and sustained growth. This paper concludes by outlining a number of outstanding issues that future Nigerian administrations must address.
Poor countries are rarely challenged in formal WTO trade disputes for failing to live up to commitments, reducing the benefits of their participation in international trade agreements. This paper examines the political-economic causes of the failure to challenge poor countries and discusses the static and dynamic costs and externality implications of this failure. Given the weak incentives to enforce WTO rules and disciplines against small and poor members, bolstering the transparency function of the WTO is important to make trade agreements more relevant to trade constituencies in developing countries. While our focus is on the WTO system, our arguments also apply to reciprocal North-South trade agreements.
Topic:
Development, Economics, Government, and International Trade and Finance
Washington's future as a vibrant, inclusive city depends on its commitment to rebuilding the middle class from within. The District has experienced job growth, big increases in city revenues, and remarkable commercial and residential development over the past several years. Still, one out of every three DC residents is low-income, and many residents live in areas of concentrated poverty. More than most cities, Washington is a city of high and low incomes, with a small and declining middle class.
Benjamin Forman, Rebecca Sohmer, Eric McLean-Shinaman, David Warren, John Schneider, and Mark Muro
Publication Date:
02-2007
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
Could it be? Could it be that at least some of Massachusetts' long-suffering “Gateway Cities”—the state's once-humming mill and manufacturing towns—are ready to rejoin the state's economic mainstream? Yes, it could. Despite the latest blows of deindustrialization, signs of life are animating parts of the state's faded urban hubs beyond Boston.
Over the past decade, the real estate field has begun applying many of the development strategies employed by a number of iconic developers active before 1940. J.C. Nichols (Country Club Plaza in Kansas City), George Merrick (Coral Gables, Florida), the Rockefeller family (Rockefeller Center), and others have become role models, their major developments emulated in recently revived downtowns, suburban town centers, New Urbanism projects, and transit oriented developments. But while nearly all of the attention today has been on the urban design lessons of these developers and their projects, there are financing lessons they can teach us as well.