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You searched for: Content Type Working Paper Remove constraint Content Type: Working Paper Publishing Institution Peterson Institute for International Economics Remove constraint Publishing Institution: Peterson Institute for International Economics Topic Economics Remove constraint Topic: Economics
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  • 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, Political Economy
  • Author: Richard M. Goodman, 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, Political Economy
  • Political Geography: United States, North America
  • Author: Gary Hufbauer, Tony Warren
  • Publication Date: 10-1999
  • Content Type: Working Paper
  • Institution: Peterson Institute for International Economics
  • Abstract: Globalization has affected all facets of the world economy. This includes services, which in most economies are the single largest contributor to economic growth and employment. However, despite its importance to national output, the impact of globalization on services is only recently receiving the attention of researchers and policy-makers.
  • Topic: Economics, International Trade and Finance, Political Economy
  • Author: Gary Clyde Hufbauer, Erika Wada
  • Publication Date: 09-1999
  • Content Type: Working Paper
  • Institution: Peterson Institute for International Economics
  • Abstract: In the wake of financial crises in Mexico (1994-95), Asia (1997-98), Russia (1998) and Brazil (1998-99), respected observers have questioned the benefits of wide-open international capital markets (Bhagwati, 1998; Krugman, 1998; Rodrik, 1998; Eichengreen, 1999). Our purpose is to identify true hazards and suggest appropriate precautions.
  • Topic: Economics, International Trade and Finance, Political Economy
  • Political Geography: Russia, Asia, Brazil, Mexico
  • Author: Adam S. Posen, Kenneth N. Kuttner
  • Publication Date: 09-1999
  • Content Type: Working Paper
  • Institution: Peterson Institute for International Economics
  • Abstract: Since 1990, a number of countries have adopted inflation targeting as their declared monetary strategy. Interpretations of the significance of this movement, however, have differed widely. To some, inflation targeting mandates the single-minded, rule-like pursuit of price stability without regard for other policy objectives; to others, inflation targeting represents nothing more than the latest version of cheap talk by central banks unable to sustain monetary commitments. Advocates of inflation targeting, including the adopting central banks themselves, have expressed the view that the transparency and communication of the inflation targeting framework grant the central bank greater short-run flexibility in pursuit of its long-run inflation goal.
  • Topic: Economics, International Organization, International Trade and Finance, Political Economy
  • Author: Marcus Noland, Sherman Robinson, Tao Wang
  • Publication Date: 07-1999
  • Content Type: Working Paper
  • Institution: Peterson Institute for International Economics
  • Abstract: For North Korea, product market integration would generate large welfare gains, sufficient to end the famine. Additional gains could be had through military demobilization. For the South, the impact of product market integration would be trivial, but the impact of factor market integration would be considerable, affecting the composition of output, distribution of income, and rate of growth.
  • Topic: Economics, International Trade and Finance, Political Economy
  • Political Geography: Israel, East Asia, Korea
  • Author: Marcus Miller, Lei Zhang
  • Publication Date: 05-1999
  • Content Type: Working Paper
  • Institution: Peterson Institute for International Economics
  • Abstract: Is sovereign borrowing so different from corporate debt that there is no need for bankruptcy-style procedures to protect debtors? With the waiver of immunity, sovereign debtors who already face severe disruption from short-term creditors grabbing their currency reserves are also exposed to litigious creditors trying to seize what assets they can in a 'race of the vultures'.
  • Topic: Economics, International Trade and Finance, Political Economy