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Although emerging economies as a group performed well during the global recession, weathering the recession better than advanced economies, there were sharp differences among them and across regions. The emerging economies of Asia had the most favorable outcomes, surviving the ravages of the global financial crisis with relatively modest declines in growth rates in most cases. China and India maintained strong growth during the crisis and played an important role in facilitating global economic recovery.In this informative volume, the second in a series on emerging markets, editors Masahiro Kawai and Eswar Prasad and the contributors analyze the major domestic macroeconomic and financial policy issues that could limit the growth potential of Asian emerging markets, such as rising inflation and surging capital inflows, with the accompanying risks of asset and credit market bubbles and of rapid currency appreciation. The book examines strategies to promote financial stability, including reforms for financial market development and macroprudential supervision and regulation.
Investing in Children: Work, Education, and Social Policy in Two Rich Countries presents new research by leading scholars in Australia and the United States on economic factors that influence children's development and the respective social policies that the two nations have designed to boost human capital development.The volume is organized around three major issues: parental employment, early childhood education and child care, and postsecondary education. All three issues are intimately linked with human capital development. Since both Australia and the United States have created extensive policies to address these three issues, there is potential for each to learn from the other's experiences and policies. This volume helps fulfill that potential.The authors demonstrate that in both nations, the effects of low family income and income inequality emerge early in life and persist. However, policies that increase parental employment, augment family income, and promote quality preschool and postsecondary education can boost children's development and at least partially offset the negative developmental effects of family economic disadvantage.
All societies face a key question: how to empower governments to perform essential governmental functions while constraining the arbitrary exercise of power. This balance, always in flux, is particularly fluid in today's China. This insightful book examines the changing relationship between that state and its society, as demonstrated by numerous experiments in governance at subnational levels, and explores the implications for China's future political trajectory.Ann Florini, Hairong Lai, and Yeling Tan set their analysis at the level of townships and counties, investigating the striking diversity of China's exploration into different governance tools and comparing these experiments with developments and debates elsewhere in the world. China Experiments draws on multiple cases of innovation to show how local authorities are breaking down traditional models of governance in responding to the challenges posed by the rapid transformations taking place across China's economy and society. The book thus differs from others on China that focus on dynamics taking place at the elite level in Beijing, and is unique in its broad but detailed, empirically grounded analysis.The introduction examines China's changing governance architecture and raises key overarching questions. It addresses the motivations behind the wide variety of experiments underway by which authorities are trying to adapt local governance structures to meet new demands. Chapters 2-5 then explore each type of innovation in detail, from administrative streamlining and elections to partnerships in civil society and transparency measures. Each chapter explains the importance of the experiment in terms of implications for governance and draws upon specific case studies. The final chapter considers what these growing numbers of experiments add up to, whether China is headed towards a stronger more resilient authoritarianism or evolving towards its own version of democracy, and suggests a series of criteria by which China's political trajectory can be assessed.Contents1. China at a Crossroads2. Streamlining the State3. The Evolution of Voting Mechanisms4. Civil Society5. From Local Experiments to National Rules: China Lets the Sunshine In6. Where is China Going?
Campaign 2012: Twelve Independent Ideas for Improving American Public Policy is an indispensable guide to the questions facing White House hopefuls in 2012, as well as the challenges awaiting the winner. It presents authoritative analyses of a dozen key policy issues currently testing the nation:-domestic economic growth-America's role in the world-the budget deficit-China relations-health care-Afghanistan and Pakistan-federalism-Iran-reforming government institutions-the Middle East-climate change-terrorismThis is truly Brookings at its best-independent expert analysis, presented in an accessible manner and offering viable solutions.
Three times in the few years since the global financial crisis erupted, the euro has come close to extinction, endangering both the world economy and history's most ambitious project in shared sovereignty. Yet each time, the case for a common currency proved to be more compelling than its weaknesses, and the euro survived. Saving Europe reveals how the nexus of international economics and national politics pushed monetary union to the brink of a breakup, how that disastrous development was avoided, and why the long-term viability of a common currency challenges politics as we know it.Carlo Bastasin reveals and analyzes what has been happening behind the scenes in European negotiations since the financial crisis began with the collapse of major financial institutions in 2008. He argues that the crisis in the euro zone actually has a political origin, having emerged from the self-interested abuses of national politics. Moreover, the crisis is reinforced even now by the obstinate defense of national prerogatives in politics and finance as well as by the lack of commitment for shared or supranational sovereignty. While the prevalent view is that monetary union was a flawed project from the start and is in need of amending, Bastasin shows that the failures have to do almost entirely with national opportunism-not only in Greece but in most countries, including Germany-and concludes that the crisis will lead to Europe's political union.Bastasin's work is an engrossing historical chronicle, interweaving moments of high drama with individual personalities on the world stage. German ChancellorAngela Merkel, French President Nicolas Sarkozy, and national and European central bankers, among others, play key roles. Saving Europe is also a rigorous attempt to make larger sense of what has happened in the euro zone and what might happen next. Given the central importance of Europe within the fragile world economy as well as growing speculation that the euro might disappear, this is essential reading for anyone trying to grasp international economics and politics. Just as important, it is a compelling tale of people, personalities, power, and money. There is no other book like it.
America's grantmaking foundations have grown rapidly over the course of recent decades, even in the face of financial and economic crises. Foundations have a great deal of freedom, enjoy widespread legitimacy, and wield considerable influence. In this book, David Hammack and Helmut Anheier follow up their edited volume, American Foundations, with a comprehensive historical account of what American foundations have done with that independence and power.While philanthropic foundations play important roles in other parts of the world, the U.S. sector stands out as exceptional. Nowhere else are they so numerous, prominent, or autonomous. What have been the main contributions of philanthropic foundations to American society? And what might the future hold for them? A Versatile American Institution considers foundations in a new way. Previous accounts typically focused narrowly on their organization, donors, and leaders, and their intentions-but not on the outcome of philanthropy. Rather than looking at foundations in a vacuum, Hammack and Anheier consider their roles and contributions in the context of their times and their economic and political circumstances.
Catalysts for Change examines the strengths and weaknesses of one of the United Nations' most important human rights mechanisms-the collection of independent experts known as special procedures-as they negotiate the rocky terrain where rights meet reality. These independent experts serve as the eyes and ears of the UN human rights system. Despite their prolific work as experts and advocates, however, there has been no empirical study of their impact at the national level-until now. This book provides concrete evidence of why the system works and ways it can be improved.
The rivalry between India and Pakistan has proven to be one of the world's most intractable international conflicts, ever since 1947 when the British botched their departure from the South Asian subcontinent. And the enmity is likely to continue for another thirty-five years, reaching the century mark. This has critical implications for both countries and the rest of the world. Renowned South Asia expert Stephen P. Cohen explains why he expects this rivalry to continue in this first comprehensive survey of the deep historical, cultural, and strategic differences that underpin the hostility.In recent years the stakes have increased as India and Pakistan have each acquired a hundred or more nuclear weapons, blundered into several serious crises, and become victims of terrorism, some of it from across their borders. America is puzzled by the problem of dealing with a rising India and a struggling Pakistan, and Cohen offers a fresh approach for U.S. policy in dealing with these two powers.Drawing on his rich experience in South Asia to explore the character, depth, and origin of Indian and Pakistani attitudes toward each other, Cohen develops a comprehensive theory of why the dispute between New Delhi and Islamabad is likely to persist. He also describes the terrible cost of this animosity for the citizens of India and Pakistan, including the region's high levels of violence and low level of economic integration. On a more hopeful note, however, he goes on to suggest developments that could ameliorate the tension, including a more active role for the UnitedStates in addressing a range of issues that divide the nations. Kashmir is one of these issues, but as much a consequence as a cause of the rivalry.Can India and Pakistan resolve their many territorial and identity issues? Perhaps the best they can expect in the near term is a limited degree of normalization, including bottom-up ideas generated by the peace and business communities, as well as a realistic assessment by strategic elites of the two states' shared common interests."Right now, full normalization seems unlikely," Cohen writes in the preface, "so this book is suffused with conditional pessimism: normalization would be desirable, but there are worse futures than a projection of the present rivalry for another thirty years or more."
By the time of Barack Obama's inauguration as the 44th president of the United States, he had already developed an ambitious foreign policy vision. By his own account, he sought to bend the arc of history toward greater justice, freedom, and peace; within a year he was awarded the Nobel Peace Prize, largely for that promise.In Bending History, Martin Indyk, Kenneth Lieberthal, and Michael O'Hanlon measure Obama not only against the record of his predecessors and the immediate challenges of the day, but also against his own soaring rhetoric and inspiring goals. Bending History assesses the considerable accomplishments as well as the failures and seeks to explain what has happened.Obama's best work has been on major and pressing foreign policy challenges-counterterrorism policy, including the daring raid that eliminated Osama bin Laden; the "reset" with Russia; managing the increasingly significant relationship with China; and handling the rogue states of Iran and North Korea. Policy on resolving the Israeli-Palestinian conflict, however, has reflected serious flaws in both strategy and execution. Afghanistan policy has been plagued by inconsistent messaging and teamwork. On important "softer" security issues-from energy and climate policy to problems in Africa and Mexico-the record is mixed. As for his early aspiration to reshape the international order, according greater roles and responsibilities to rising powers, Obama's efforts have been well-conceived but of limited effectiveness.On issues of secondary importance, Obama has been disciplined in avoiding fruitless disputes (as with Chavez in Venezuela and Castro in Cuba) and insisting that others take the lead (as with Qaddafi in Libya). Notwithstanding several missteps, he has generally managed well the complex challenges of the Arab awakenings, striving to strike the right balance between U.S. values and interests.The authors see Obama's foreign policy to date as a triumph of discipline and realism over ideology. He has been neither the transformative beacon his devotees have wanted, nor the weak apologist for America that his critics allege. They conclude that his grand strategy for promoting American interests in a tumultuous world may only now be emerging, and may yet be curtailed by conflict with Iran. Most of all, they argue that he or his successor will have to embrace U.S. economic renewal as the core foreign policy and national security challenge of the future.
With each passing day, Pakistan becomes an even more crucial player in world affairs. Home of the world's second-largest Muslim population, epicenter of the global jihad, location of perhaps the planet's most dangerous borderlands, and armed with nuclear weapons, this South Asian nation will go a long way toward determining what the world looks like ten years from now. The Future of Pakistan presents and evaluates several scenarios for how the country will develop, evolve, and act in the near future, as well as the geopolitical implications of each.Led by renowned South Asia expert Stephen P. Cohen, a team of authoritative contributors looks at several pieces of the Pakistan puzzle. The book begins with Cohen's broad yet detailed overview of Pakistan, placing it within the context of current-day geopolitics and international economics. Cohen's piece is then followed by a number of shorter, more tightly focused essays addressing more specific issues of concern.Cohen's fellow contributors hail from America, Europe, India, and Pakistan itself, giving the book a uniquely international and comparative perspective. They address critical factors such as the role and impact of radical groups and militants, developments in specific key regions such as Punjab and the rugged frontier with Afghanistan, and the influence of-and interactions with-India, Pakistan's archrival since birth. The book also breaks down relations with other international powers such as China and the United States. The all-important military and internal security apparatus come under scrutiny, as do rapidly morphing social and gender issues. Political and party developments are examined along with the often amorphous division of power between Islamabad and the nation's regions and local powers.Uncertainty about Pakistan's trajectory persists. The Future of Pakistan helps us understand the current circumstances, the relevant actors and their motivation, the critical issues at hand, the different outcomes they might produce, and what it all means for Pakistanis, Indians, the United States, and the entire world.Praise for the work of Stephen P. Cohen The Idea of Pakistan: "The intellectual power and rare insight with which Cohen breaks through the complexity of the subject rivals that of classics that have explained other societies posting a comparable challenge to understanding."- Middle East Journal India: Emerging Power: "In light of the events of September 11, 2001, Cohen's perceptive, insightful, and balanced account of emergent India will be essential reading for U.S. foreign policymakers, scholars, and informed citizens."- Choice
The International Criminal Court remains a sensitive issue in U.S. foreign policy circles. It was agreed to at the tail end of the Clinton administration, but with serious reservations. In 2002 the Bush administration ceremoniously reversed course and "unsigned" the Rome Statute that had established the Court. But recent developments in Washington and elsewhere indicate that the United States may be moving toward de facto acceptance of the Court and active cooperation in its mission. In Means to an End, Lee Feinstein and Tod Lindberg reassess the relationship of the United States and the ICC, as well as American policy toward international justice more broadly.Praise for the hardcover edition of Means to an End "Books of this sort are all too rare. Two experienced policy intellectuals, one liberal, one conservative, have come together to find common ground on a controversial foreign policy issue.... The book is short, but it goes a long way toward clearing the ideological air." - Foreign Affairs "A well-researched and timely contribution to the debate over America's proper relationship to the International Criminal Court. Rigorous in its arguments and humane in its conclusions, the volume is an indispensable guide for scholars and policymakers alike." -Madeleine K. Albright, former U.S. Secretary of State"Two of our nation's leading authorities on preventing atrocities have joined to make a convincing argument that closer cooperation with the International Criminal Court will help promote human rights and the values on which America was founded." -Angelina Jolie, co-chair, Jolie-Pitt Foundation
The New Brazil tells the story of South America's largest country as it evolved from a remote Portuguese colony into a regional leader; a respected representative for the developing world; and, increasingly, an important partner for the United States and the European Union.In this engaging book, Riordan Roett traces the long road Brazil has traveled to reach its present status, examining the many challenges it has overcome and those that lie ahead. He discusses the country's development as a colony, empire, and republic; the making of modern Brazil, beginning with the rise to power of Getúlio Vargas; the advent of the military government in 1964; the return to civilian rule two decades later; and the pivotal presidencies of Fernando Henrique Cardoso and Luiz Inácio (Lula) da Silva, leading to the nation's current world status as one of the BRIC countries.Under newly elected President Dilma Rousseff, much remains to be done to consolidate and expand its global role. Nonetheless, as a player on the world stage, Brazil is here to stay."In part the [country's] success is due to external factors such as the high demand for Brazilian exports, particularly in China and the rest of Asia. But it also reflects sophisticated policy choices, including inflation targeting and maintenance of an autonomous central bank."-from the Introduction
While the immediate dangers from the recent financial crisis have abated-much of the financial system has returned to profitability and the economy is growing, albeit slowly-the damage to the economy will linger for years. Among the many impacts is the problem that may be most acute in the United States: how state and local governments and private companies will honor their obligations under defined benefit (DB) pension plans. Institutional investors also confront new difficulties in the low-interest-rate environment that has prevailed since the onset of the crisis. East Asian economies, namely in Japan, Korea, and China, also face pension issues as their populations age.In Growing Old, experts from academia and the private sector consider the hard questions regarding the future of pension plans and institutional money management, both in the United States and in Asia. This volume is the latest collaboration between the Brookings Institution and the Nomura Institute of Capital Markets Research on issues confronting the financial sector of common interest to audiences in the United States and Japan.Contributors: Olivia S. Mitchell (Wharton School, University of Pennsylvania), Akiko Nomura (Nomura Institute of Capital Markets Research), Robert Novy-Marx (Simon Graduate School of Business, University of Rochester), Betsy Palmer (MFS Investment Management), Robert Pozen (Harvard Business School), Joshua Rauh (Kellogg School of Management, Northwestern University), Natalie Shapiro (MFS Investment Management)
Across the US, cities and metropolitan areas are facing huge economic and competitive challenges that Washington won't, or can't, solve. The good news is that networks of metropolitan leaders - mayors, business and labor leaders, educators, and philanthropists - are stepping up and powering the nation forward. These state and local leaders are doing the hard work to grow more jobs and make their communities more prosperous, and they're investing in infrastructure, making manufacturing a priority, and equipping workers with the skills they need.In The Metropolitan Revolution, Bruce Katz and Jennifer Bradley highlight success stories and the people behind them.· New York City: Efforts are under way to diversify the city's vast economy· Portland: Is selling the "sustainability" solutions it has perfected to other cities around the world· Northeast Ohio: Groups are using industrial-age skills to invent new twenty-first-century materials, tools, and processes· Houston: Modern settlement house helps immigrants climb the employment ladder· Miami: Innovators are forging strong ties with Brazil and other nations· Denver and Los Angeles: Leaders are breaking political barriers and building world-class metropolises· Boston and Detroit: Innovation districts are hatching ideas to power these economies for the next centuryThe lessons in this book can help other cities meet their challenges. Change is happening, and every community in the country can benefit. Change happens where we live, and if leaders won't do it, citizens should demand it. The Metropolitan Revolution was the 2013 Foreword Reviews Bronze winner for Political Science.
Hurricanes Katrina and Rita devastated the Gulf Coast in 2005. Commentary and analysis typically focused on what went wrong in the post-disaster emergency response. This forward-looking book, however, presents a more cautiously optimistic view about the region's ability to bounce back after multiple disasters.Catastrophes come in different forms-hurricanes, recessions, and oil spills, to name a few. It is imperative that we learn how best to rebuild in the wake of disasters and what capacities and conditions are needed to improve future resilience. Since the devastating summer of 2005, leaders have made important inroads to restoring communities in more prosperous ways. Resilience and Opportunity is an important contribution to our collective learning from a teachable moment.Contributors: Ivye Allen, Foundation for the Mid South; Lance Buhl, Duke University; Ann Carpenter, Federal Reserve Bank of Atlanta; Robert A. Collins, Dillard University; Mark S. Davis, Tulane University Law School; Breonne DeDecker, Brandeis University; Karen B. DeSalvo, Tulane University School of Medicine; Kathryn A. Foster, University at Buffalo Regional Institute, SUNY; Linetta Gilbert, The Declaration Initiative; Ambassador James Joseph, Duke University; Mukesh Kumar, Jackson State University; Luceia LeDoux, Baptist Communities Ministries; Silas Lee III, Xavier University of Louisiana; David A. Marcello, Tulane University; Richard McCline, Southern University; Nancy T. Montoya, Federal Reserve Bank of Atlanta; Reilly Morse, Mississippi Center for Justice; Elaine Ortiz, Greater New Orleans Community Data Center; Andre Perry, Loyola University, New Orleans; John L. Renne, University of New Orleans; Kalima Rose, PolicyLink; Michael Schwam-Baird, Tulane University; Jasmine M. Waddell, Brandeis University; Nadiene Van Dyke, New Orleans Police and Justice Foundation; Alandra Washington, W. K. Kellogg Foundation; Frederick Weil, Louisiana State University; Leslie Willams, LeaderShift Consulting; Jon Wool, Vera Institute of Justice.
Global Leadership in Transition calls for innovations that would "institutionalize" or consolidate the G20, helping to make it the global economy's steering committee. The emergence of the G20 as the world's premier forum for international economic cooperation presents an opportunity to improve economic summitry and make global leadership more responsive and effective, a major improvement over the G8 era."Key contributors to this volume were well ahead of their time in advocating summit meetings of G20 leaders. In this book, they now offer a rich smorgasbord of creative ideas for transforming the G20 from a crisis-management committee to a steering group for the international system that deserves the attention of those who wish to shape the future of global governance."-C. Randall Henning, American University and the Peterson InstituteContributors: Alan Beattie, Financial Times; Thomas Bernes, Centre for International Governance Innovation (CIGI); Sergio Bitar, former Chilean minister of public works; Paul Blustein, Brookings Institution and CIGI; Barry Carin, CIGI and University of Victoria; Andrew F. Cooper, CIGI and University of Waterloo; Kemal Dervis, Brookings; Paul Heinbecker, CIGI and Laurier University Centre for Global Relations; Oh-Seok Hyun, Korea Development Institute (KDI); Jomo Kwame Sundaram, United Nations; Homi Kharas, Brookings; Hyeon Wook Kim, KDI; Sungmin Kim, Bank of Korea; John Kirton, University of Toronto; Johannes Linn, Brookings and Emerging Markets Forum; Pedro Malan, Itau Unibanco; Thomas Mann, Brookings; Paul Martin, former prime minister of Canada; Simon Maxwell, Overseas Development Institute and Climate and Development Knowledge Network; Jacques Mistral, Institut Français des Relations Internationales; Victor Murinde, University of Birmingham (UK); Pier Carlo Padoan, OECD Paris; Yung Chul Park, Korea University; Stewart Patrick, Council on Foreign Relations; Il SaKong, Presidential Committee for the G20 Summit; Wendy R. Sherman, Albright Stonebridge Group; Gordon Smith, Centre for Global Studies and CIGI; Bruce Stokes, German Marshall Fund; Ngaire Woods, Oxford Blavatnik School of Government; Lan Xue, Tsinghua University (Beijing); Yanbing Zhang, Tsinghua University.
The simple yet challenging goal of this book is to deliberate the legitimacy, and advance the feasibility, of an important new concept-the notion of "global civics." We cannot achieve the international cooperation that is needed for a globalizing and interdependent century without embracing and implementing this important concept.The first section of Global Civics is a presentation of the overall idea itself; the second section consists of diverse assessments from around the world of the concept and where it currently stands. The third section discusses various options for a global civics curriculum.Praise for the Global Civics Program"I agree with Hakan Altinay that in order to navigate our global interdependence, we need processes where we all think through our own responsibilities toward other fellow humans and discuss our answers with our peers. A conversation about a global civics is indeed needed, and university campuses are ideal venues for these conversations to start. We should enter this conversation with an open mind, and not insist on any particular point of view. The process is the key, and we should not wait any longer to start it." -Martti Ahtisaari, 2008 Nobel Peace Laureate"The growing interconnectivity among people across the world is nurturing the realization that we are all part of a global community. This sense of interdependence, commitment to shared universal values, and solidarity among peoples across the world can be channeled to build enlightened and democratic global governance in the interests of all. I hope that universities and think tanks around the world will deploy their significant reservoirs of knowledge and creativity to develop platforms to enable students to study and debate these issues. This project is a contribution toward that goal and I look forward to following it closely." - Kofi Annan, Former Secretary General of the United Nations, 2001 Nobel Peace Laureate
Longtime Brookings economist and former presidential adviser Barry Bosworth examines why saving rates in the United States have fallen so precipitously over the past quarter century, why the initial consequences were surprisingly benign, and how reduced saving will affect the future well-being of Americans. The Decline in Saving provides an extensive and unparalleled account of the complexity of present saving patterns, an issue made even more serious by the 2008-09 global economic and financial crises. It objectively examines saving at both the individual household and the aggregate economy levels to understand whether the U.S. decline in saving is truly a threat to American prosperity.Highlights from The Decline in Saving:"The magnitude of the two-decade-long fall in household saving has been truly astonishing; it is even more surprising in view of the fact that the large cohort of baby boomers should have been in their peak saving years.""If Americans save so little, why are they so rich? This divergence emerges because the conventional measure of saving excludes all forms of capital gains....""Saving behavior appears to be influenced in important ways by country-specific institutional factors along with a few common determinants, such as income growth, demographic changes, and variations in private wealth.""In the aggregate, the United States has had a negative net national saving rate since the onset of the financial crisis, and it now relies on foreign resource inflows to finance all its capital accumulation and a portion of its consumption.""The optimistic projections of just a few years ago about the future well-being of retirees now seem seriously dated."
Some may dispute the effectiveness of aid. But few would disagree that aid delivered to the right source and in the right way can help poor and fragile countries develop. It can be a catalyst, but not a driver of development. Aid now operates in an arena with new players, such as middle-income countries, private philanthropists, and the business community; new challenges presented by fragile states, capacity development, and climate change; and new approaches, including transparency, scaling up, and South-South cooperation. The next High Level Forum on Aid Effectiveness must determine how to organize and deliver aid better in this environment. Catalyzing Development proposes ten actionable game-changers to meet these challenges based on in-depth, scholarly research. It advocates for these to be included in a Busan Global Development Compact in order to guide the work of development partners in a flexible and differentiated manner in the years ahead.Contributors: Kemal Dervis (Brookings Institution), Shunichiro Honda (JICA Research Institute), Akio Hosono (JICA Research Institute), Johannes F. Linn (Emerging Markets Forum and Brookings Institution), Ryutaro Murotani (JICA Research Institute), Jane Nelson (Harvard Kennedy School and Brookings Institution), Mai Ono (JICA Research Institute), Kang-ho Park (Ministry of Foreign Affairs and Trade, Korea), Tony Pipa (U.S. Agency for International Development), Sarah Puritz Milsom (Brookings Institution), Hyunjoo Rhee (Korea International Cooperation Agency), Mine Sato (JICA Research Institute), Shinichi Takeuchi (JICA Research Institute), Keiichi Tsunekawa (JICA Research Institute), Ngaire Woods (University College, Oxford), Sam Worthington (InterAction)
Why are America's public schools falling so short of the mark in educating the nation's children? Why are they organized in ineffective ways that fly in the face of common sense, to the point that it is virtually impossible to get even the worst teachers out of the classroom? And why, after more than a quarter century of costly education reform, have the schools proven so resistant to change and so difficult to improve?In this path-breaking book, Terry M. Moe demonstrates that the answers to these questions have a great deal to do with teachers unions-which are by far the most powerful forces in American education and use their power to promote their own special interests at the expense of what is best for kids.Despite their importance, the teachers unions have barely been studied. Special Interest fills that gap with an extraordinary analysis that is at once brilliant and kaleidoscopic-shedding new light on their historical rise to power, the organizational foundations of that power, the ways it is exercised in collective bargaining and politics, and its vast consequences for American education. The bottom line is simple but devastating: as long as the teachers unions remain powerful, the nation's schools will never be organized to provide kids with the most effective education possible.Moe sees light at the end of the tunnel, however, due to two major transformations. One is political, the other technological, and the combination is destined to weaken the unions considerably in the coming years-loosening their special-interest grip and opening up a new era in which America's schools can finally be organized in the best interests of children.
The recent collapse of the mortgage market revealed fractures in the credit market that have deep roots in the system's structure, conduct, and regulation. The time has come for a clear-eyed assessment of what happened and how the system should be strengthened and restructured. Such reform will have a profound and lasting impact on the capacity of Americans to use credit to build assets and finance consumption. Moving Forward explores what caused the crisis and, more important, focuses on the path ahead. The challenge remains the same as ever: protect consumers, ensure fairness, and guarantee soundness of the financial system without stifling innovation and overly restricting access to credit and consumer choice. Nicolas Retsinas, Eric Belsky, and their colleagues aim to stimulate debate based on analysis of the opportunities and challenges presented by the various components of global capital markets: financial engineering, risk assessment and management, specialization of financial intermediation, and marketing methods. The contributors-leaders in business, government, academia, and the nonprofit sector-discuss new research and ideas about the future of credit markets, including how improvements might be shaped by industry leaders.Contributors: John Y. Campbell, Harvard University; Marsha J. Courchane, Charles River Associates; Ren Essene, Federal Reserve Board; Allen Fishbein, Federal Reserve Board; Howell E. Jackson, Harvard Law School; Melissa Koide, Center for Financial Services Innovation; Michael Lea, San Diego State University; Eugene Ludwig, Promontory Financial Group; Brigitte C. Madrian, Harvard Kennedy School; Nela Richardson, Joint Center for Housing Studies of Harvard University; Rachel Schneider, Center for Financial Services Innovation; Peter Tufano, Harvard Business School; Peter M. Zorn, Freddie Mac
Traditional public finance provides a powerful framework for policy analysis, but it relies on a model of human behavior that the new science of behavioral economics increasingly calls into question. In Policy and Choice economists William Congdon, Jeffrey Kling, and Sendhil Mullainathan argue that public finance not only can incorporate many lessons of behavioral economics but also can serve as a solid foundation from which to apply insights from psychology to questions of economic policy.The authors revisit the core questions of public finance, armed with a richer perspective on human behavior. They do not merely apply findings from psychology to specific economic problems; instead, they explore how psychological factors actually reshape core concepts in public finance such as moral hazard, deadweight loss, and incentives.Part one sets the stage for integrating behavioral economics into public finance by interpreting the evidence from psychology and developing a framework for applying it to questions in public finance. In part two, the authors apply that framework to specific topics in public finance, including social insurance, externalities and public goods, income support and redistribution, and taxation.In doing so, the authors build a unified analytical approach that encompasses both traditional policy levers, such as taxes and subsidies, and more psychologically informed instruments. The net result of this innovative approach is a fully behavioral public finance, an integration of psychology and the economics of the public sector that is explicit, systematic, rigorous, and realistic.
We live in a new reality of aid. Gone is the traditional bilateral relationship, the old-fashioned mode of delivering aid, and the perception of the third world as a homogenous block of poor countries in the south. Delivering Aid Differently describes the new realities of a $200 billion aid industry that has overtaken this traditional model of development assistance.As the title suggests, aid must now be delivered differently. Here, case study authors consider the results of aid in their own countries, highlighting field-based lessons on how aid works on the ground, while focusing on problems in current aid delivery and on promising approaches to resolving these problems.Contributors include Cut Dian Agustina (World Bank), Getnet Alemu (College of Development Studies, Addis Ababa University), Rustam Aminjanov (NAMO Consulting), Ek Chanboreth and Sok Hach (Economic Institute of Cambodia), Firuz Kataev and Matin Kholmatov (NAMO Consulting), Johannes F. Linn (Wolfensohn Center for Development at Brookings), Abdul Malik (World Bank, South Asia), Harry Masyrafah and Jock M. J. A. McKeon (World Bank, Aceh), Francis M. Mwega (Department of Economics, University of Nairobi), Rebecca Winthrop (Center for Universal Education at Brookings), Ahmad Zaki Fahmi (World Bank)
Scott Foresman Science ( 2003) components for Grade 4.
Approaching an uncertain future without Fidel Castro, and still reeling from a downturn at the end of the cold war, Cuba must act decisively to improve its economy and living conditions. One of the major challenges facing the impoverished island nation is securing access to energy resources that are sufficient to meet the needs of its revitalization and development goals. What steps can Cuba take to achieve both short- and long-term energy sustainability and self-sufficiency? In this timely analysis, Jonathan Benjamin-Alvarado and his colleagues answer that question. Cuba's Energy Future sets the geostrategic context within which Cuba is operating. The book provides an overview of the evolving relations among Caribbean states and explains why Cuba and its longtime nemesis the United States should look for ways to cooperate on developing energy resources. The possible role of oil companies is explored, as is Cuba's energy relationship with Hugo Chavez's Venezuela.The second section of Cuba's Energy Future features economic and technical appraisals, economic projections, and trends affecting Cuba's energy needs, including oil and natural gas potential, the country's antiquated electric power sector, and the role of biofuels such as sugarcane ethanol. The concluding section focuses on the conditions necessary for, and the mutual benefits of, greater cooperative engagement with the United States.Contributors: Juan A. B. Belt (Chemonics International, formerly USAID), Jonathan Benjamin-Alvarado (University of Nebraska-Omaha and University of Georgia), Amy Myers Jaffe (Rice University), Jorge R. Piñón (Florida International University), Ronald Soligo (Rice University).