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53621. Economic Survey of Sweden, 2004

Publication Date:
02-2004
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
With sound monetary and fiscal frameworks and a good macroeconomic position, Sweden is better placed to face the longer-term challenges of an ageing population than many other OECD countries. As elsewhere, these demographic trends will put downwardpressure on growth in potential output and increase burdens on public expenditure over time. Managing this situation effectively within the welfare state approach while enjoying the highest possible living standards will be easier if the country can raise productivity growth, expand the effective labour supply, and get public finances quickly back onto their intended medium-term path. Productivity growth could be boosted further by increasing the pressures from competition in all parts of the economy, building on earlier liberalisation efforts. Effectively addressing cartels and other anti-competitive behaviour, removing regulatory obstacles and further exposing the large public sector to competition would all help. Productivity growth could also be raised if workers and capital moved more quickly and easily in response to shifts in costs and demand for different outputs. However, taking the rewards for productivity improvements in the form of lower working hours diminishes the tax base; further reductions in high marginal tax rates would reduce the incentive to do so. Although employment rates are already high overall, more could be done to get young people qualified and into the workforce earlier and to improve the integration of immigrants. Reducing the numbers of people drawing sickness and disability benefits will not only boost effective labour supply but also help ease expenditure pressures. More generally, tight expenditure restraint will be necessary to attain the government's surplus target. The budget framework could be refined in ways that would help to ensure that public finances are sustainable in the long term, while also providing room to moderate marginal tax rates in order to boost incentives to work, save and invest. Further progress towards environmental sustainability could focus on improving the cost-effectiveness of policies. Ultimately, creating faster growth and maintaining the welfare state depend on continuation of far-sighted economic management.
Topic:
Agriculture, Economics, Environment, Human Rights, International Organization, and Political Economy
Political Geography:
Sweden

53622. Economic Survey of Switzerland, 2003

Publication Date:
01-2004
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Although trend growth of GDP has been meagre for two decades (1.25 per cent against 2.75 per cent for the OECD average), per capita income in Switzerland remains among the highest in the OECD. In recent years, output growth was less resilient than in most other OECD countries, with the economy being in recession during the first semester of 2003. This is partly due to the global slump in the financial and capital goods sectors which are very important for the Swiss economy, but the unsatisfactory growth performance is largely attributable to the timid pace of structural reforms over many years. Against this background, there are three major challenges for economic policy.
Topic:
Agriculture, Economics, Environment, Human Rights, International Organization, and Political Economy
Political Geography:
Switzerland

53623. Economic Survey of Hungary, 2004

Publication Date:
01-2004
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
For Hungary to maintain strong growth, macroeconomic policy has to aim for sound and sustainable public finances, low inflation and maintaining the competitiveness of its FDI-driven export sector. Fiscal consolidation has to focus on lasting structural reforms, which bring down the volume of government expenditure in a sustainable way. Revenue increases buy time for the 2004 budget, but thistime has to be used to implement measures that will durably reduce spending in a medium-term framework. The difficult balancing act for monetary policy between achieving inflation targets and steering the exchange rate for entry into the euro zone could be made easier if fiscal targets are achieved. The move to base future budgets on the joint inflation target is a welcome step to improve co-ordination between the government and the Central Bank and should be continued. In wage setting, the indicative wage guidelines should be used to communicate disinflation in the runup to EMU, and thereby limit the risk of unintended real wage increases. Wage moderation should also be assisted by measures which increase the supply responsiveness of labour. Any room created for tax cuts should be used to reduce Hungary's large tax wedge on labour, which interacts negatively with some social benefit programmes. Large regional disparities should be addressed by measures which increase labour mobility and broaden investment across regions through further improved infrastructure. Business conditions can be further improved by addressing the low level of competition in some network industries and more generally improving the conditions for market entry in the domestic sector. The considerable costs of programmes to reduce the emission of greenhouse gases and also more local air pollutants could be reduced with the wider application of economic instruments. Hungary will only be able to reap the full benefits of European Union accession and EMU entry if it establishes a sound macroeconomic framework, boosts labour force participation and sustains high productivity growth.
Topic:
Agriculture, Economics, Environment, Human Rights, International Organization, and Political Economy
Political Geography:
Hungary

53624. Science and Innovation Policy: Key Challenges and Opportunities

Publication Date:
01-2004
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Science and technology exert a growing influence on society and the economy. Scientific achievements continue to expand the frontiers of knowledge and increasingly contribute to the technological progress that affects how people live and work. New science-based technologies help protect the environment, build safer homes, schools and factories, and develop energy- saving transport systems. Advances in genetics save lives and improve health standards throughout the world. Industries based on new technologies employ millions of highly skilled workers in the OECD and beyond. Information and communications technologies (ICT) have enhanced their productivity and made it possible for a greater number of individuals, firms and countries to take part in the knowledge-based economy.
Topic:
Agriculture, Economics, Environment, Human Rights, International Organization, and Political Economy

53625. Economic Survey of the United Kingdom, 2004

Publication Date:
01-2004
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
The performance of the UK economy has been impressive in recent years, underpinned by wide-ranging structural reforms and sound macroeconomic policy frameworks. The OECD projects growth above potential in 2004 and 2005, with unemployment remaining low, but instability stemming from the housing market is a risk. Monetary policy should continue to tighten to reduce future inflationary pressures and the risk of a further sharp rise in house prices from becoming a potential source of fragility. At the same time, the current rigidity of house supply should be eased by reforming land planning, while a reform of the regressive council tax could help to reduce the risk of housing market instability. Over the projection period, government spending will continue to rise as a share of GDP, reflecting the government's ambitious targets in priority areas. Slowing spending growth may be warranted on efficiency grounds: bottlenecks have become apparent, while time is needed to pilot new innovative approaches. More generally, getting incentives right is essential to meet the ambitious service targets. Slowing spending growth would also benefit the public finances. An income-contingent contribution scheme for university graduates is an equitable way forward; other forms of user charges not compromising equity concerns could improve efficiency. Both are preferable to raising taxes. Trend growth has already been boosted by the sharp decline in structural unemployment, but measures are still needed to reduce the number of inactive, especially those on incapacity benefit. While educational performance of students has risen, policy needs to further address the lack of vocational skills as one element in a strategy to reduce the productivity gap with the best performers elsewhere. In this respect, competition is also important. The government has strengthened the competition framework and active enforcement along with the market studies of the Office of Fair Trading and the Competition Commission's market investigations should help to ensure that markets become more competitive. However, planning restrictions and market power are a problem in the retail sector and industry regulators will need to remain vigilant in the electricity, gas and telecom sectors. Ensuring macroeconomic stability, while addressing the remaining weaknesses through further structural reforms offers the prospect of continuing strong economic performance.
Topic:
Agriculture, Economics, Environment, Human Rights, International Organization, and Political Economy
Political Geography:
United Kingdom

53626. 7th Annual Conference - Bulgaria

Publication Date:
11-2004
Content Type:
Working Paper
Institution:
Partnership for Peace Consortium of Defense Academies and Security Studies Institutes
Abstract:
On behalf of the Partnership for Peace Consortium of Defense Academies and Security Studies Institutes, I am pleased to present the report of the Consortium's 7th Annual Conference held from 13 to 15 June 2004 in Bucharest and co-hosted with the Romanian Ministry of National Defense.
Topic:
Security, Defense Policy, and NATO
Political Geography:
Europe and Bulgaria

53627. U.S.–South Africa Research and Training Collaborations

Author:
Beth Elise Whitaker
Publication Date:
01-2004
Content Type:
Working Paper
Institution:
Social Science Research Council
Abstract:
This report, the most recent of several SSRC projects related to knowledge production, research networks and capacity building in sub-Saharan Africa, concerns the state of collaboration between U.S. and South African higher education institutions around social science research and other areas linked to the extraordinary changes that have (and are) taking place in post- apartheid South Africa's higher education system. Conducted and written by Beth Whitaker, an assistant professor of political science at the University of North Carolina, Charlotte and former program associate at the American Council on Education's Association Liaison Office for University Cooperation in Development, the study inventories recent partnerships with an eye toward the future. Political transformations in South Africa catalyzed a flood of student exchange programs, individual research partnerships between U.S. and South African scholars, and broader efforts in establishing institutional linkages around research, advanced training, and in addressing the extreme inequities of a higher education system bifurcated along racial lines (an issue far from unfamiliar in the U.S. context). In focusing on these broader institutional connections, the study demonstrates some overlaps and some significant gaps (especially the paucity of cross-national institutional collaborations on HIV/AIDS). It also calls attention to the unevenly distributed participation in partnerships—with historically black and disadvantaged institutions in both countries less able to establish networks internationally for mutual benefit. It should be an important resource for those institutions planning future collaborations, which will hopefully address some of the gaps that have been identified in the study. While the research for the study was primarily conducted in 2002-3 with the support of the National Science Foundation, Prof. Whitaker updated the results for the purposes of this publication in the Spring of 2004.
Topic:
Education and International Cooperation
Political Geography:
Africa and United States

53628. Technology Transfer: Bringing Innovation to NASA and the Nation

Publication Date:
11-2004
Content Type:
Working Paper
Institution:
The National Academy of Public Administration (NAPA)
Abstract:
For the last half of the twentieth century, the National Aeronautics and Space Administration (NASA) was among the most successful organizations in hi story in developing new technology and making it available to both the private sector and other government organizations. Small computers; cellular communications; lightweight, heat resistant materials; telemedicine, and a broad spectrum of everyday products have all benefited from NASA research and development.
Topic:
Science and Technology, Communications, and Reform

53629. Office of Energy Efficiency and Renewable Energy: Reorganizing for Results

Publication Date:
09-2004
Content Type:
Working Paper
Institution:
The National Academy of Public Administration (NAPA)
Abstract:
Of the Department of Energy's $23 billion budget, the $1.3 billion allocated to the Office of Energy Efficiency and Renewable Energy (EERE) offers important opportunities to assist in resolving one of the major issues facing the Nation today—the need for sources of clean, reliable, efficient, secure and affordable energy. EERE's programs—which include advanced hydrogen fuel concepts, renewable power technologies, transportation and building technologies—are aimed at improving this country's efficient use of energy, increasing the diversity of energy sources on which we rely, and making us less dependent on foreign energy sources. The management of this small office should be of major interest to leaders of both government and industry as EERE leadership tries to ensure that every dollar is used most effectively in the pursuit of its mission to strengthen America's energy security. This was the goal of Assistant Secretary David Garman as he launched a comprehensive reorganization of EERE on July 1, 2002.
Topic:
Economics, Energy Policy, Science and Technology, and Reform
Political Geography:
America and Germany

53630. Getting to “Yes” on Missile Defense: The Need to Rebalance U.S. Priorities & The Prospects for Transatlantic Cooperation

Author:
Jeffrey P. Bialos and Stuart L. Koehl
Publication Date:
01-2004
Content Type:
Special Report
Institution:
Center for Transatlantic Relations
Abstract:
At the end of the day, missile defense is and should be here to stay as a key element of U.S., and in all likelihood, European defense strategy for the twenty-first century. The threats are real and there is an emerging consensus about creating defenses against it. While the “macro” issues of ABM withdrawal and initial fielding of the U.S. midcourse segment are behind us, there are very legitimate issues that warrant debate on both sides of the Atlantic. We now need to focus on making the right choices to provide a better balance of capabilities between various strategic, regional, force protection, and homeland security needs. Moreover, U.S.-European engagement on missile defense is potentially, but not inevitably, a win-win proposition—binding alliance partners together geo-politically, creating a layered, multi-national plug and play “system of system” architecture, and enhancing our ability to fight wars together. And, an enhanced coalition war fighting capability is likely to have beneficial spillover effects on the broader Transatlantic relationship; it is axiomatic that countries that fight wars together tend to have congruent interests in a range of areas. But for this to happen, Europe needs to begin to seriously consider its missile defense needs soon and apply resources to the task and the United States needs to resolve the underlying technology transfer issues and questions of roles and responsibilities. Thus, with hard work and good will, multi-national cooperation between the United States and its allies offers “win-win” from the standpoint of strengthening the alliance and our mutual security.
Topic:
Defense Policy, Nuclear Weapons, Military Strategy, Weapons, and Missile Defense
Political Geography:
United States, China, and Europe