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- Recent Productivity Growth: The Role Of Information Technology And Other Innovations
- The need for businesses to build intangible capital to realize the potential from new technologies is important in understanding the pattern of productivity growth for the U.S. in last few years. Nevertheless, reliance on growth accounting likely has led to an overstatement of the impact of IT. Productivity is driven...
- White papers 2004-04-15
- Comparing Intellectual Property Rights With Competition Policy, Environmental Protection, And Core Labor Standards
- The negotiation of the Agreement on Trade-Related Aspects of Intellectual Property Rights TRIPS greatly expands the purview of the World Trade Organization WTO into domestic regulatory standards. The minimum standards required in TRIPS are essentially about production processes, thereby erasing the traditional "product versus process" distinction in the trading rules....
- White papers 2003-01-01
- Subsidies, Market Closure, Cross-Border Investment, And Effects On Competition: The Case Of FDI In The Telecommunications Sector
- This article discusses the Case of FDI in the Telecommunications Sector. Telecommunications long was a sector where sellers of services operated in protected local markets, where law and government regulation created and enforced barriers to entry, especially by foreign firms. During the late 1980s and through the 1990s, however, many...
- Case studies 2003-01-01
- More Pain, More Gain: Politics And Economics Of Eliminating Tariffs
- In November 2002, the United States proposed that members of the World Trade Organization WTO eliminate their tariffs on nonagricultural products. World exports of nonagricultural goods, which were $5.4 trillion in 2001 (WTO 2002), would substantially expand if the US proposal were adopted. The United States offered various proposals with...
- White papers 2003-06-01
- A Renaissance For United States Trade Policy?
- U.S. trade policy has been facing widespread criticism around the world. Under threat of congressional action, the Bush administration initiated an investigation of steel imports, imposed tariffs of up to 30 percent on a sizable portion of foreign steel shipments to the United States, and launched an effort to organize...
- White papers 2002-12-01
- The Next Trade Policy Battle
- The global trading system underwent two major developments as the 20th century ended. The first was the agreement between the United States and China in mid-November that will enable the Chinese to join the World Trade Organization in the near future. The second was the WTO's failure during its ministerial...
- White papers 2000-01-01
- The US Export-Import Bank: Time For An Overhaul
- The US Export-Import Bank celebrated its 65th birthday in 1999. While congratulations were in order, this venerable institution needs an overhaul. Renewal of the Bank's charter in 2001 offers Congress an excellent opportunity to go to work. This article offers recommendations based on insights contained in the Institute's new volume....
- White papers 2001-04-01
- Steel Policy: The Good, The Bad, And The Ugly
- While the US steel industry has been in distress for decades, the "steel crisis" of 1999-2001 was particularly acute. More than 30 steel producing and steel processing firms fell into bankruptcy between 1997 and 2001, and most of the failures occurred after President Bush took office. As the crisis worsened,...
- White papers 2003-01-01
- The Impact Of Economic Sanctions On US Trade: Andrew Rose's Gravity Model
- With the end of the Cold War, the focus of US foreign policy changed—and so did that of economic sanctions. Partly because of increased cooperation within the UN framework, economic sanctions were imposed so routinely in the early 1990s that scholars called that period the sanctions decade. Andrew Rose made...
- White papers 2003-04-01
- Decision-Making in the WTO
- Seattle will be remembered as the city where street demonstrations stopped global trade talks cold. However, the Seattle protesters do not deserve such notoriety. The meeting actually fell victim to serious substantive disagreements among the member countries of the World Trade Organization WTO over the prospective agenda for new trade...
- White papers 2000-03-01
- US Trade Policy: Method to the Madness?
- This article focuses the renewed US-EU cooperation, which provided the requisite leadership for the launch of a new round of multilateral trade negotiations at the Doha Ministerial of the World Trade Organization WTO in November 2001. The congress legislation provides the president, the negotiating mandate to pursue the new trade...
- White papers 2002-10-11
- The FSC Case: Background and Implications
- This paper includes the background and implications of Foreign Sales Corporation FSC. It explains how enacted FSC was enacted and what were the clauses of the first and second round of FSC litigation. At time FSC was enacted it allowed partial tax exemption for the income of a foreign corporate...
- White papers 2002-02-27
- Price Level Convergence and Inflation in Europe
- Price level convergence has been put forth by prominent policymakers as a potential explanation for inflation divergence in the euro area. The authors' research provides evidence of an ongoing process of price level convergence in the euro area. Price convergence has contributed to observed inflation differences, but other forces explain...
- White papers 2006-01-09
- Empirical Investigations of Inflation Targeting
- This paper empirically investigates issues associated with inflation targeting using a dataset of 66 countries for the 1980 - 2000 periods. The paper focuses on two issues. First, which factors are systematically associated with a country's decision to adopt inflation targeting as its monetary framework? Second, does inflation targeting improve...
- White papers 2003-07-01
- Debt Sustainability, Brazil, and the IMF
- Those who have watched financial crises in emerging economies over the past two years would have noticed two things. First, there has been a high concentration of financial crises in Latin America. Second, debt problems have been at the heart of several recent crises, including the prominent ones in Argentina,...
- White papers 2003-02-01
- Finance and Changing US-Japan Relations: Convergence Without Leverage - Until Now
- In the postwar era, US-Japan economic relations have been characterized by substantial tensions, yet this has not damaged the underlying security relationship or critically harmed the multilateral economic framework. They have deepened since Japan "Caught up" with the United States around 1980, and Japanese and U.S firms began increasingly to...
- White papers 2001-08-01
- International Labor Standards and Trade: What Should Be Done?
- To date, the debate over trade and labor standards has been frustratingly sterile with the key parties mostly talking past one another. Developing country governments employer's organizations and many trade economists have rejected any discussion of possible linkages between trade and labor standards, arguing that demands for such linking are...
- White papers 2002-01-15
- What Might the Next Emerging-Market Financial Crisis Look Like?
- This paper addresses the following question: If a financial crisis affecting a group of emerging economies were to take place sometime over the next three years, where would the crisis likely originate, how could it be transmitted to other economies, and which economies would be most affected by particular transmission...
- White papers 2005-07-01
- Outsourcing and Onshoring: Pushing the European Model Over the Hill, Rather Than Off the Cliff!
- Managing the impact of outsourcing and offshoring presents an opportunity to solve Europe's most pressing problems of low productivity growth and low employment. Outsourcing and offshoring, however, also connote a very important additional imperative for structural reforms in Europe. Today Europe, through offshoring and outsourcing, is feeling the "gaiatsu" of...
- White papers 2005-03-01
- The Asset Management Industry
- This paper contains a description of the ways in which the capital markets are organized. It identifies the problems that arise as a result of the organization asset management industry so as to provide a suitable background for the subsequent discussion of the reforms that might stabilize the flow of...
- White papers 2005-06-21
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