International Economics Commons^™

Icy/Hot: Norwegian And Finnish Policy Toward The European Union, Mia Bennett

Claremont-UC Undergraduate Research Conference on the European Union

No abstract provided.

Theorizing The Odds: The European Union, Online Gambling Regulation And Integration Theory, Alexis Spencer-Notabartolo

Claremont-UC Undergraduate Research Conference on the European Union

No abstract provided.

Union Royale Belge De Sociétés De Football Association Asbl V. Jean-Marc Bosman: The Evolution Of Labor Law In Professional Soccer And Its Implication, Marvin Smith

Claremont-UC Undergraduate Research Conference on the European Union

No abstract provided.

Economic And Monetary Union: A Study Of Domestic Influence In The European Union From 1989-1993, Jason Grishkoff

Claremont-UC Undergraduate Research Conference on the European Union

No abstract provided.

The Impact Of Eu Oversight On Corporate Governance In The German Auto Industry, Jason Gorn

Claremont-UC Undergraduate Research Conference on the European Union

No abstract provided.

Rival Models To Capitalism: Can The Nordic Model Survive The New Global Economic System?, Robbie Block

Claremont-UC Undergraduate Research Conference on the European Union

No abstract provided.

An Economic Analysis Of Foreign Ownership In Professional Sports: Motivation, Success, And Implications For United States Market, Alex F. Wheatley

CMC Senior Theses

An economic analysis of foreign ownership in sports. Focusing on the English Premier League, National Basketball Association, and Major League Baseball.

The Origins Of The Italian Sovereign Debt Crisis, David M. Henningsen

CMC Senior Theses

Over the past decade, the European Union has been characterized by an explosion of expenditure, insufficient revenue, high deficits and a lack of budget discipline. Financial markets in Europe are currently dealing with enormous government debts, poor government balance sheets and a weakening banking system. The purpose of this paper is to investigate the origins of the current Euro-crisis and specifically identify the extent to which it will affect the nation of Italy going forward. To understand Italy's stance amid the Euro-crisis, we proceed as follows: First, a historical background section will develop the fundamental issues that have developed in …

Water Policy: The World's Most Important Resource Politicized, Ethan Gilbert

CMC Senior Theses

Water is the most important resource on the planet for sustaining life, and many consider access to water as a fundamental human right. However, in light of its necessity, the distribution and allocation of water has become a highly politicized issue. Economic and political conditions have been shown to be influential in shaping a country’s water policy, more so then recognition of water as a basic human right. The reason for this is that many agree that there needs to be a value assigned to water to encourage its conservation and efficient use, and different methods of addressing that issue …

The Great Indian Growth Puzzle: What Caused A Spike In 2003?, Aditya Bindal

CMC Senior Theses

This paper will employ unit root tests for finding structural breaks endogenously among India’s key macroeconomic aggregate series, as well as their components and subcomponents. The same analysis will be repeated, wherever data are available, for states. The results from these unit root tests will then be used in regression models for national and state level data to understand the causes behind structural breaks. We find that breakpoints cluster around 1982 and 2003 for most series at the national and state level. The services component appears to be a promising candidate for explaining the 2003 structural break in some of …

The Economic Impact Of Oil Price Shocks On Emerging Markets, Aanchal Kapoor

CMC Senior Theses

Recent spikes in oil prices have thrown light on how economic activity in emerging markets may be impacted by oil price shocks. This paper conducts an empirical analysis of the effect of oil price shocks on emerging markets. It tests for the existence of an asymmetrical relationship between oil prices and economic activity using a model developed by James Hamilton. It also assesses the impact of structural shocks to the real price of oil on output as proposed by Lutz Kilian. While our models find no consistent pattern within emerging markets, they do suggest that oil price shocks have a …

Has The Franco-German Power Balance In The European Union Tipped In Favor Of Germany?, Stephanie C. Haffner

CMC Senior Theses

The power balance between France and Germany in the European Union has been one of great discussion and debate. Countless journalists and scholars have argued that Germany’s power has risen gradually against the seemingly perpetually stronger France over the past sixty years, and is now finally set to surpass France; but how true are these claims? How can power within the EU truly be measured? Through an analysis of Franco-German collaboration through unionization, a critique of the contemporary discourse on the relationship, and an examination of changing contributions to the EU budget, my paper argues that the Franco-German power balance …

The Impact Of A Conditional Cash Transfer Program On Credit Behavior In Colombia, Brittany Pineros

CMC Senior Theses

This paper investigates the impact of Familias en Acción, a conditional cash transfer program in Colombia, on participant credit behavior. The motivation of the research is derived from previous studies which indicate that conditional cash transfer programs have effects on households aside from those directly intentioned by the programs. While the direct impacts of Familias en Acción have been measured by the research team responsible for evaluating the program, potential indirect effects remain uninvestigated. My research specifically focuses on the impacts of the program on credit behavior. I compute estimates on the percent change in loan balance outstanding and …

Strategic Significance: A Model Of G-20 Membership, Patrick Eagan-Van Meter

CMC Senior Theses

The membership of the Group of 20 was selected without any official criteria. This paper investigates whether group membership can be explained through the consideration of several different factors that coincide with the mission of the organization. I found strong evidence that membership in the Group of 20 was based on some combination of land mass and economic output. The results demonstrate that these factors are highly predictive of group membership.

Democratic Strength And Terrorism: An Economic Approach, Brian P. Winter

CMC Senior Theses

There has been much literature about the economic effects of terrorism in democratic countries, but this literature often considers democracy to be a binary variable. This paper sought to explore how the effects might differ depending on the strength of a democracy. In the end, I found that the numbers of attacks and the effects of those attacks do not follow a linear path. The results for autocracies and anocracies require further analysis, but democracies have revealed interesting results. It seems that democracies as a whole have more terrorist attacks, but, within this group, the more democratic a country is …

The Gift That Keeps Giving: Fdi Inflows In China, Joseph Chang

CMC Senior Theses

This paper investigates the primacy of foreign direct investment inflows in liberalizing China’s economy and whether the long-term gains from economic openness will justify its inefficient energy uses and growing regional income disparities. By examining the history of FDI inflows in China, it becomes evident that FDI inflows were an instrumental part in institutional and technological development in China. I extend the argument to take into account how these developed infrastructures react to China’s growing energy demand in light of a shrinking world supply. Lastly, I perform a meta-analysis on the Environmental Kuznets Curve theory and the Pollution Haven Hypothesis, …

Pricing Bond Yields In The European Bond Market, David Cook

CMC Senior Theses

This paper analyzes macroeconomic factors and their effect on 2-year government bonds of 11 countries in the European Monetary Union. I specifically looked at how a simultaneous budget and trade surplus effect a country's bond yield spread relative to Germany's bond yield. My model showed that double surplus countries have a larger yield spread than countries that do not have a double surplus.

The Consequences Of Increasing Ocean Acidification On Local And Global Fishing Industries, Alyson N. Stark

CMC Senior Theses

As human activities continue to generate accelerating levels of carbon dioxide emissions, the world’s oceanic resources are threatened by variability in seawater chemistry, known as ocean acidification. Recent increases in atmospheric carbon dioxide have resulted in decreased carbonate ion concentrations and ocean pH levels, leading to increasingly acidic waters. The exact consequences of these chemical changes on ecosystems and individual species are difficult to predict; however, research has shown that economically valuable calcifying species will experience reduced reproductive fitness and population declines. Ocean acidification, therefore, poses an immediate risk to both fish stocks and fishery industries. From a local perspective, …

Integrated Overview, Case-Studies And Analysis: Income Inequality In Latin America, Post-1980, Aaron R. Campbell

CMC Senior Theses

This thesis provides an integrated overview on the historical and contemporary literature dedicated to the study of within-country income inequality in Latin America.

The central hypothesis of this report is that there are underlying factors that drive the persistent levels of high within-country inequality experienced by Latin American countries. We study two countries, Brazil and Bolivia, through the process of reform and growth, and note the effects on the labor markets.

Using all available statistics and the wealth of knowledge compiled since the early 1980s, this study identifies those trends, and the factors that cause them to reappear in numerous …

Financial Liberalization And International Capital Flows, Nancy Neiman Auerbach, Yoonmin Kim, Thana Sompornserm

Scripps Faculty Publications and Research

It is interesting that domestic and international financial liberalization are among the most often cited causes of the 1997–98 crisis. Liberalization in the Asian crisis countries took place prior to the crisis as did large capital inflows, many of which reversed during the crisis in the classic pattern of capital flow bonanzas ending in sudden stops (Calvo, Izquierdo, and Mejía 2008; Reinhart and Reinhart 2008; Sula and Willett 2009). Furthermore, China and India, with much less general financial liberalization and a continuing array of capital controls, were little hit by the crisis. Malaysia’s experiment with increasing capital controls during the …

The Persistent Problem: Inequality, Difference, And The Challenge Of Development, Aseema Sinha, John Echeverri-Gent, Leslie Elliott Armijo, Marc Blecher, Daniel Brumberg, Valerie Bunce, Kiren A. Chaudhry, John W. Harbeson, Evelyne Huber, Bronwyn Leebaw, Susanne Hoeber Rudolph, Loren Ryter, Susan L. Woodward

CMC Faculty Publications and Research

This report highlights the complex, multidimensional nature of inequality in the era of globalization. It documents that despite the impressive strides by nations like China and India, absolute inequality between the richest and poorest countries is greater than ever before in history. It demonstrates that the rise of China and India creates a new dimension to the persistent problem of inequality.

India’S Unlikely Democracy: Economic Growth And Political Accommodation, Aseema Sinha

CMC Faculty Publications and Research

There is no doubt that India’s democracy has become stable, yet economic change could create distributional conflicts and stresses on its democratic institutions. Economic change and liberalization have served to reinforce and further stabilize democracy rather than undermining it. This has happened partly because of the nature of economic and social transition, which has allowed the rich many options in the private, urban, and global economy. Simultaneously, the poor are divided and seek redress through electoral and democratic channels. Weak coalition governments in the 1990s have responded to claims from the poor contributing to the continuing stability of Indian democracy.

The Political Economy Of Perverse Financial Liberalization: Examples From The Asian Crisis, Nancy Neiman Auerbach, Thomas D. Willett

Scripps Faculty Publications and Research

Debates continue to rage about the causes of recent currency and financial crises around the globe and their implications for the desirability of domestic and international financial liberalization. Beneath the heated exchanges of the most vocal disputants, a quiet consensus is beginning to emerge among serious scholars and policy officials. The big lesson from these crises is that while financial liberalization is still a desirable goal, it must be approached very carefully. It’s not just that without the proper pre-conditions liberalization will not provide full benefits. The results can sometimes be disastrous. What was once considered to be an arcane …

Production Sharing And Singapore’S Global Competitiveness, Sven W. Arndt

CMC Faculty Publications and Research

Singapore has made spectacular progress in recent decades in pushing its economy into the world's top ranks. One important payoff has been a substantial rise in living standards. Among the main drivers behind this accomplishment have been entrepot trade, which exploits an important natural comparative advantage, on the one hand, and enlightened education, social, and economic policies, which have built up man-made comparative advantage based on human capital, on the other.

Subsidy And Countervailing Duty Issues In The Context Of North American Economic Integration, Sven W. Arndt

CMC Faculty Publications and Research

The paper then considers some general effects of domestic subsidies on a country's trading partners. The penultimate section examines alternative strategies of response to foreign subsidies. It is followed by concluding comments.

Trade And Financial Interdependence In The World Economy, Sven W. Arndt, Lawrence Bouton

CMC Faculty Publications and Research

With regard to the trading order, questions have arisen about the benefits from freer trade at a time when more countries are turning to managed trade and protectionist sentiment is on the rise. Some believe that the international financial system, for its part, no longer facilitates the transactions of goods but dominates them. This article discusses these issues and addresses the policy options available to government leaders.