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36091. Transatlantic Issues in Electronic Commerce

Author:
Catherine L. Mann
Publication Date:
10-2000
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
The global and dynamic e-commerce marketplace will increasingly impact the nature of national and international economic and government relations. This paper highlights three areas where the United States and European Union (EU) governments differ in their approaches as to how best to serve their domestic constituencies: treatment of trade flows, approach to tax regimes, manner of protecting personal data. Because the Internet marketplace is global but policy jurisdictions remain local, policy conflicts can develop. Policymakers on both sides need to harness technology and promote incentives for the private sector to help solve problems caused by the jurisdictional overlap. In addition to cross-border jurisdictional overlap, problems within a country can develop from issue convergence and policy overlap. That is, because the e-commerce marketplace is so integrated, the policy toward handling one issue, even within the national context, has implications for the policy set that is available to policymakers on other issues. Therefore, policies within a country must be more carefully meshed with each other with an eye toward consistency in the face of the forces of electronic commerce..
Topic:
Economics, International Trade and Finance, and Political Economy
Political Geography:
United States and Europe

36092. Inflation, Monetary Transparency, and G3 Exchange Rate Volatility

Author:
Adam S. Posen and Kenneth N. Kuttner
Publication Date:
07-2000
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
Short-term volatility in G3 bilateral exchange rates has been a fact of life since the beginning of the post-Bretton Woods float. It has been established, surprisingly, that this volatility is not only disproportionately large relative to the variation in relative macroeconomic fundamentals of Germany, Japan, and the United States, but is in fact largely unrelated to them. The apparent disconnect between fundamentals and dollar-yen and dollar-euro exchange rate fluctuations has led to perennial complaints about persistent exchange rate “misalignments,” and their real effects on the G3 (and other) economies, giving rise in turn to recurring proposals for government policies to limit this volatility. The idea that volatility reflects nothing more than the (perhaps rational, certainly profit-seeking) behavior of foreign exchange traders seems to give justification for a policy response. Yet, the disjunction between macroeconomic expectations and the volatility seems to indicate as well that some deviation from domestic monetary policy goals would be necessary to intervene against exchange rate swings.
Topic:
Economics, International Trade and Finance, and Political Economy
Political Geography:
United States, Japan, and Germany

36093. The New Asian Challenge

Author:
C. Fred Bergsten
Publication Date:
03-2000
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
The initial postwar challenge from East Asia was economic. Japan crashed back into global markets in the 1960s, became the largest surplus and creditor country in the 1980s, and was viewed by many as the world's dominant economy by 1990. The newly industrialized countries (Korea, Taiwan, Hong Kong, Singapore) followed suit on a smaller but still substantial scale shortly thereafter. China only re-entered world commerce in the 1980s but has now become the second largest economy (in purchasing power terms), the second largest recipient of foreign direct investment inflows, and the second largest holder of monetary reserves. Indonesia and most of Southeast Asia grew at 7 percent for two or more decades. The oil crises of the 1970s and the financial crises of the late 1990s injected temporary setbacks but East Asia has clearly become a third major pole of the world economy, along with North America and Western Europe.
Topic:
Economics, International Trade and Finance, and Political Economy
Political Geography:
Japan, China, Europe, Israel, Taiwan, East Asia, Asia, North America, Korea, Singapore, and Hong Kong

36094. Electronic Commerce in Developing Countries: Issues for Domestic Policy and WTO Negotiations

Author:
Catherine L. Mann
Publication Date:
03-2000
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
Electronic commerce and its related activities over the internet can be the engines that improve domestic economic well-being through liberalization of domestic services, more rapid integration into globalization of production, and leap-frogging of available technology. Since electronic commerce integrates the domestic and global markets from its very inception, negotiating on trade issues related to electronic commerce will, even more than trade negotiations have in the past, demand self-inspection of key domestic policies, particularly in telecommunications, financial services, and distribution and delivery. Because these sectors are fundamental to the workings of a modern economy, liberalization here will rebound to greater economic well-being than comparable liberalization in more narrowly focussed sectors. Thus, the desire to be part of the e-commerce wave can be a powerful force to erode domestic vested interests that have slowed the liberalization of these sectors.
Topic:
Development, Economics, Government, International Trade and Finance, and Political Economy

36095. International Economic Agreements and the Constitution

Author:
Richard M. Goodman and John M. Frost
Publication Date:
02-2000
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
International agreements, such as the General Agreement on Tariffs and Trade (GATT) and the North American Free Trade Agreement (NAFTA), generally aim to facilitate the free flow of goods and services among nations. The U.S. Supreme Court has developed a jurisprudence similarly aiming to facilitate the free flow of goods and services among the several states. That jurisprudence has developed from litigation challenging the constitutionality of state actions on the basis of the Commerce and Supremacy Clauses of the Constitution (art. I, § 8, cl. 3, and art. VI, cl. 2). In some subject areas, Commerce Clause decisions closely align with international agreements. In other areas, either or both fall short of achieving economic integration.
Topic:
Economics, Government, International Trade and Finance, and Political Economy
Political Geography:
United States and North America

36096. From Shebaa To Al-Quds: The Evolution Of Hizballah

Author:
Yossi Baidatz and Rachel Stroumsa
Publication Date:
12-2000
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
While international attention has been focused on the shift from diplomacy to violence in the Israeli–Palestinian arena, the "comeback" of Lebanon's Hizballah organization as an instigator of conflict has been, to some observers, a surprise. Following Israel's withdrawal from the "security zone" in May 2000, it was widely held that Hizballah would rest on its laurels and focus on its political/social agenda inside Lebanon. Instead, as recent events show, Hizballah has chosen to persist in its military strategy against Israel. Indeed, in contrast to the low-intensity conflict on the Palestinian front, Hizballah's actions have the potential to trigger a full-scale, inter-state war.
Topic:
Conflict Resolution, Security, and Diplomacy
Political Geography:
Middle East, Israel, Palestine, Arabia, and Lebanon

36097. Assessing Barak's Election Gambit

Author:
David Makovsky
Publication Date:
12-2000
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
Israeli prime minister Ehud Barak's surprise resignation Saturday night has plunged the country's already battered political system into further turmoil, and so far, his gambit seems to have failed. Barak's move was clearly designed, at least in part, to utilize a provision in Israeli law that would sideline his once and would-be opponent Benjamin Netanyahu from running in a special election for prime minister on February 6. Moreover, Barak hoped that by avoiding a general election, he could avert the reconfiguration of the Knesset since polls show that if elections were held today, it would become a more rightward-leaning body.
Topic:
Conflict Resolution, Security, and Diplomacy
Political Geography:
Middle East, Israel, and Arabia

36098. The Separation Option: An Alternative To The Peace Process?

Author:
Dan Schueftan
Publication Date:
12-2000
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
Recently, public opinion in both Israel and the Palestinian territories has shifted in ways that argue for separation or disengagement. Israelis no longer accept the notion that negotiations will eventually lead to peace, but they are far more willing to make concessions to the Palestinians. Palestinians no longer expect a final agreement with Israel, and have instead shifted toward the Lebanon model of using violence to force an Israeli retreat — a trend with tragic implications for the future of Palestinian society.
Topic:
Conflict Resolution, Security, and Diplomacy
Political Geography:
Middle East, Israel, Palestine, and Arabia

36099. Israeli Elections And The Peace Process

Author:
David Makovsky
Publication Date:
11-2000
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
Israeli prime minister Ehud Barak's decision yesterday to preempt his opponents and announce his willingness to hold early elections must be seen in the context of his interest in reviving the peace process. The vote for early balloting was driven by both animus toward the failed Camp David summit and by the Barak government's handling of the subsequent Al-Aqsa Intifada.
Topic:
Conflict Resolution, Security, and Diplomacy
Political Geography:
Middle East, Israel, and Arabia

36100. A UN Protection Force For Palestinians: Background And Implications

Author:
Robert Satloff and Rachel Stroumsa
Publication Date:
11-2000
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
In recent weeks, Arab parties from the Palestinian Authority (PA) to the Arab League summit have called for the dispatch of a United Nations force to the West Bank and Gaza in order to protect Palestinian civilians from Israeli military force. Rather than reject this idea because of its contribution to the internationalization of the Israeli-Palestinian dispute, the U.S. view has been to cite its impracticality, given Israeli opposition. Remarkably, the Israeli government itself seems to be hinting that it may be willing to consider the proposal, especially in the event of a reduction in violence. This is evidenced by recent talks between Israeli and Palestine Liberation Organization (PLO) representatives to the United Nations, reportedly hosted by their Egyptian colleague.
Topic:
Conflict Resolution, Security, Diplomacy, and United Nations
Political Geography:
United States, Middle East, Israel, Palestine, Arabia, Gaza, and Egypt