International Economics Commons^™

Outsourcing And Offshoring: Problems For Price And Productivity Measurement, Susan N. Houseman

Conference Papers

No abstract provided.

An International Comparison Of Trends In Labor Market Policy, Christopher J. O'Leary

Conference Papers

No abstract provided.

Measurement Issues Arising From The Growth Of Globalization, Susan N. Houseman, Kenneth F. Ryder Jr.

Presentations

No abstract provided.

The Oecd And Economic Governance: Invisibility And Impotence?, Richard Woodward

Books/Book Chapters

Chapter 3 sketches the OECD's role in economic governance, in particular the pursuit of its obligation to promote policies which maximize economic growth. While the OECD's work in the economic field evolves, its mechanisms of economic governance have barely altered. Richard Woodward argues that the OECD exerts ‘subtle discipline’ over the trajectory of economic governance through the use of its soft law mechanisms such as surveillance and peer review. These mechanisms can lead to convergence in national policies and, occasionally, outbreaks of international policy coordination. Ultimately, however, the proliferation of international mechanisms of governance and the internal politics of the …

Concurrent Sexual Partnerships Do Not Explain The Hiv Epidemics In Africa: A Systematic Review Of The Evidence, Larry Sawers, Eileen Stillwaggon

Economics Faculty Publications

The notion that concurrent sexual partnerships are especially common in sub-Saharan Africa and explain the region’s high HIV prevalence is accepted by many as conventional wisdom. In this paper, we evaluate the quantitative and qualitative evidence offered by the principal proponents of the concurrency hypothesis and analyze the mathematical model they use to establish the plausibility of the hypothesis.

We find that research seeking to establish a statistical correlation between concurrency and HIV prevalence either finds no correlation or has important limitations. Furthermore, in order to simulate rapid spread of HIV, mathematical models require unrealistic assumptions about frequency of sexual …

Ua37/29 Gary Ransdell - Fed. Reserve Board - Challenges For The Economy & State Governments, St. Louis Federal Reserve Board

Faculty/Staff Personal Papers

Email sent to members of the St. Louis Federal Reserve Board of Ben Bernanke's speech Challenges for the Economy and State Governments.

Measurement Issues Arising From The Growth Of Globalization: Conference Summary, Susan N. Houseman, Kenneth F. Ryder Jr.

External Papers and Reports

No abstract provided.

Sovereignty, Accountability, And The Wealth Fund Governance Conundrum, Anna Gelpern

Georgetown Law Faculty Publications and Other Works

Sovereign wealth funds – state-controlled transnational portfolio investment vehicles – began as an externally imposed category in search of a definition. SWFs from different countries had little in common and no particular desire to collaborate. But SWFs as a group implicated the triple challenge of securing cooperation between deficit and surplus states, designing a legal framework for global capital flows, and integrating state actors in the transnational marketplace. This Article describes how an apparently artificial grouping of investors, made salient by the historical and political circumstances of their host states in the mid-2000s, became a vehicle for addressing some of …

Faulty Structure And Uninspired Member States Fail The Euro: Lessons Learned From The Greek Crisis, Maximilian Bevan

Independent Study Project (ISP) Collection

The conception of the euro was a moment that revolutionized the role of a monetary union. States no longer dealt internally with their monetary policies nor made their decisions autonomously from other nations. The euro countries in 1999 became dependent on one another’s success of policymaking and proper governance. There were skeptics of this single currency theory but if it was executed properly, the Eurozone becomes one of the most important economic regions in the world. From 2002, when the euro coins were issued, up until eight months ago, the euro accomplished a level of significance rivaling the dollar and …

Off The Cliff And Back? Credit Conditions And International Trade During The Global Financial Crisis, Davin Chor, Kalina Manova

Research Collection School Of Economics

We study the collapse of international trade flows during the global financial crisis using detailed data on monthly US imports. We show that credit conditions were an important channel through which the crisis affected trade volumes, by exploiting the variation in the cost of capital across countries and over time, as well as the variation in financial vulnerability across sectors. Countries with higher interbank rates and thus tighter credit markets exported less to the US during the peak of the crisis. This effect was especially pronounced in sectors that require extensive external financing, have limited access to trade credit, or …

A Two-Edged Sword: The Economy Cooperation Framework Agreement Between The Republic Of China And The People's Republic Of China, Chi-An Chou

Brigham Young University International Law & Management Review

No abstract provided.

A Clashing Viewpoint Concerning India: A Critique Of Goldman Sachs 2007 Report, Ashok K. Roy, Aniruddha Bagchi

Journal of Global Initiatives: Policy, Pedagogy, Perspective

The centerpiece of the 2007 Report by Goldman Sachs is the prediction of India's phenomenal economic growth and power in the next few decades. In this article we critique the conceptual validity of that prognosis. In particular, we highlight several hard and soft infrastructure impediments to India's emergence as a major economic power.

Globalization And The Unending Frontier: An Overview, Olutayo C. Adesina

Journal of Global Initiatives: Policy, Pedagogy, Perspective

The decisive events and the determining forces unleashed by globalization hold on the one hand, the potential for expanding the scope of political, social and economic processes, and on the other, erode people's connection to the way they live, the people they live with and the places they live in. They also intensify alienation and disengagement. The essays, themes, arguments and macro-level analysis in this volume try to make sense of the dynamics of globalization. They survey the potentials of the phenomenon and forces of globalization, and the capacity of these highly disruptive and contentious change processes to direct, affect …

Africa's Debt Crisis: Perspectives On Nigeria's Escape From External Debt Trap, Solomon O. Akinboye

Journal of Global Initiatives: Policy, Pedagogy, Perspective

In sharp contrast with the image of an "oil-rich" country, Nigeria is paradoxically a heavily indebted poor country. While the country's oil production reached 2.5 million barrels per day in 2004, its total external debt stock at the end of 2004 was estimated at $35.9 billion. The debt crisis has been aggravated by the burden of debt servicing, which has absorbed the nation's budgetary and foreign exchange resources with deleterious impact on the critical sectors of the economy. The paper critically examines Nigeria's external debt profile and efforts toward its alleviation. It argues that the debt burden constitutes a major …

From The Alliance Of Economies To The Alliance Of Civilizations: Turkey's Strategic Role And Importance, Murat Doral

Journal of Global Initiatives: Policy, Pedagogy, Perspective

In "The Clash of Civilizations;' Huntington hypothesized that the principal conflicts of global politics will occur between groups of different civilizations, and concluded that the "clash of civilizations" will dominate global politics in the future. In addition, Huntington declared Turkey as one of the "torn countries" and tried to make connections between its Muslim identity and its delayed ED membership. The growing trade and investments volume tell us that regardless of our differences, people around the world understand the benefits of economic cooperation and would prefer this route to starting a war of civilizations.

The Effects Of Refugee And Non-Refugee Immigrants On Us Trade With Their Home Countries, Roger White, Bedassa Tadesse

Economics

Employing data on US immigrants and trade with 59 home countries for the years 1996–2001, we compare the extent to which refugee and nonrefugee immigrants affect US trade with their home countries and provide the first evidence of variation in the US immigrant–trade relationship across immigrant types. We also consider the abilities of refugee and non-refugee immigrants to offset the trade-inhibiting influence of cultural distance. Our results show that while immigrants, in general, exert positive influences on US imports from – and exports to – their home countries, the influence of refugee immigrants is quite minimal when compared with that …

Trade Equilibrium, Trade Deficits, And Jobs, Narendra C. Bhandari

Faculty Working Papers and Articles

The U.S. sacrifices about ten full time jobs for each million dollars of net imports of goods and services. Its billions of dollars in trade deficit is the primary reason behind its millions of job losses. Loss of jobs, in turn, decreases income, demand, investment, and tax revenues. Budget deficits enlarge and programs of public and social care are curtailed.

“Trade Equilibrium,” naturally, is the principal solution. In the short term it will put a stop on additional jobs exports. Over the years, it will also create net new jobs. There is no other long lasting practical way out of …

Global Economic Crisis: The Need For African Government Interventions For Rapid Economic Recovery And Stability, Hassan T. Sanni

Bullion

The paper reappraises the various measures taken by African governments to curtail the effects of the global economic meltdown. This is with a view to re-emphasizing the need for strong interventions by African governments. The paper is organized into five sections. Aside from the introduction, section two reviews the genesis of the global economic crisis, while section three briefly discusses the impact of the global economic meltdown with greater emphasis on African economies. The global responses as well as African forms of interventions since the global shock are presented in section four of the paper. The summary, recommendations and conclusion …

Naira Convertibility: The Journey So Far, Moses K. Tule

Bullion

This paper examines the path to Naira Convertibility, the Journey so far. lt avers that convertibility is pursued by countries either as an economic management approach or as a tool for achieving higher reckoning on the global economic stage. Consequently, the examples of Argentina, Chile, Peru, Brazil, etc could fall in the first category while the Russian Rubble push could qualify for the second group. Nigeria's efforts at Naira convertibility would fall. The paper suggested that Nigeria should initiate a more realistic Naira convertibility programme through trade guarantees where it insists that imports from Nigeria from member ECOWAS members would …

Positive Economic Freedom: An Enabling Role For International Labor Standards In Developing Countries?, Tonia Warnecke, Alex De Ruyter

Faculty Publications

Approaches to economic development have overemphasized negative economic freedom for multinational corporations at the expense of a majority of the population in developing countries. An inevitable outcome has been the growth of informal sector and “vulnerable” employment in developing countries and entrenchment of existing inequalities. We argue that rather than an emphasis on negative freedom, an emphasis on using labor standards to facilitate positive economic freedom must occur. Labor standards do this not only through the “core” rights of union membership and collective bargaining, but also in addressing substantive (“non-core”) rights at work (wages, working-time, etc.), thereby facilitating positive freedom.