Friday July 30, 2010

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SPOTLIGHT: U.S. EXPORTS


Reuters/Mike Segar - Shipping containers in Newark, New Jersey.

Save to My Portfolio Export Nation: How U.S. Metros Lead National Export Growth and Boost Competitiveness

Emilia Istrate, Jonathan Rothwell and Bruce Katz, July 26, 2010

President Obama has linked an increase in exports to an increase in jobs. This analysis of U.S. exports of goods and services produced in America’s 100 largest metropolitan areas shows a possible way forward by leveraging U.S. metropolitan strengths to reset the nation’s economic trajectory. Read More

U.S. Economic Growth, Cities, Jobs and the Economy, Competitiveness, Innovation

SPOTLIGHT: Growth through Innovation


Reuters/Ho New - A battery engineer checks a battery for the Chevrolet Volt electric vehicle at the General Motors Global Battery Systems Lab in Warren, Michigan.

Save to My Portfolio The Importance of Research and Development for U.S. Competitiveness and a Clean Energy Future

Michael Greenstone, July 27, 2010

Michael Greenstone testified before the Joint Economic Committee on the need for expanded energy R&D investments to help combat our reliance on fossil fuels and promote our country’s future competitiveness in the global economy. Read More

Growth through Innovation, Energy and Climate, Energy, Jobs and the Economy

In Focus: Latin America


Reuters/Caetano Barreira - Traders work on the main floor of the BM&F stock exchange market in Sao Paulo.

Save to My Portfolio Latin America and the Caribbean's Economic Recovery

Mauricio Cárdenas and Camila Henao, July 20, 2010

Although not immune to the shocks of the recent global financial crisis, Latin America has shown remarkable resilience. To examine the impact of the global financial crisis in the region, Mauricio Cárdenas and Camila Henao have created the Latin America and the Caribbean Economic Recovery (LACER) Index which combines real, financial, and confidence variables for the seven largest Latin American economies. Read More

Latin America, Global Economics, Global Financial Crisis, Financial Markets, Financial Institutions

ECONOMIC STUDIES

Save to My PortfolioFiscal Accomplishments and Budget Update: A Discussion with OMB Director Peter Orszag

Wednesday, July 28, 2010
10:30 AM to 11:30 AM
Washington, DC

Photo by Paul MorigiOn July 28, Brookings hosted Peter Orszag, director of the Office of Management and Budget (OMB), for a discussion of the economic and fiscal accomplishments of the Obama administration and the path ahead. Read More

ECONOMIC STUDIES

Save to My PortfolioHow to Think About the U.S. Budget Challenge

Henry J. Aaron, July 27, 2010, Journal of Policy Analysis and Management

How to Think About the U.S. Budget ChallengeHenry Aaron examines the standard narrative of the long-term U.S. budget projections. Noting that cuts in health care spending and benefits like Social Security and Medicare would not by themselves significantly impact the long-term debt, he urges the curbing of deficits and the necessity of a tax increase in the near future. Read More

ECONOMIC STUDIES

Save to My PortfolioBasel III, the Banks, and the Economy

Douglas J. Elliott, July 26, 2010, The Brookings Institution

Basel III, the Banks, and the EconomyWith the Basel Committee on Banking Supervision’s board meeting this week to redefine capital and create guidelines on safe funding approaches, Douglas Elliott says the agreement is important for global economic stability but it will come with a cost—loans will become more expensive and harder to obtain. But the real argument is about degree, not direction, he says. Read More

GLOBAL ECONOMY AND DEVELOPMENT

Save to My PortfolioIndian Fiscal Rules: Framework and Critical Review of Outcomes and Design

Urjit R. Patel, July 26, 2010, The Brookings Institution

Indian Fiscal Rules: Framework and Critical Review of Outcomes and DesignThe challenge of reining in large fiscal deficits has re-emerged in India and elsewhere. Urjit Patel highlights a recent paper that explored India’s experience with fiscal responsibility rules, specificaly the outcomes of the Fiscal Responsibility and Budget Management Act, as well as fiscal responsibility legislations. Read More

AFRICA GROWTH INITIATIVE

Save to My PortfolioAGOA at 10: Challenges and Prospects for U.S.-Africa Trade and Investment Relations

July 29, 2010, The Brookings Institution

AGOA at 10: Challenges and Prospects for U.S.-Africa Trade and Investment RelationsThis year's Africa Growth and Opportunity Act (AGOA) Forum, held August 2-3, 2010 in Washington, DC, recognizes 10 years of trade and development cooperation between the United States and Africa. The forum brings together senior government trade officials from 38 African nations with senior leadership in the U.S. government to discuss ways to stimulate economic growth and trade. Experts from the Africa Growth Initiative examine the current AGOA framework and provide recommendations on how African and U.S. policymakers should strengthen and extend AGOA in order to realize greater positive gains. Read More

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The Status Report

Assessing the Obama Administration’s First Year

During the presidential transition, Brookings scholars wrote a series of policy recommendations in 12 memos to incoming President Barack Obama. One year into the new presidency, our experts rated the progress of the new administration on those same issues in a series of daily commentary and video.

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ExpertAdele Morris

Adele Morris is a fellow and policy director for climate and energy economics. She focuses on the economics of climate change and related energy and natural resource policies.

Research ProjectAfrica Growth Initiative

The Africa Growth Initiative conducts high-quality policy research and analysis focused on attaining sustainable economic development and prosperity in Africa, while amplifying the voice of African researchers in policy-making and planning.

ExpertJavier Solana

Dr. Javier Solana is a distinguished senior fellow in Foreign Policy at Brookings. He is the former secretary general of NATO, European Union high representative for common foreign and security policy and secretary-general of the Council of the European Union.

TopicEnergy and Climate

What will it take to mitigate severe climate disruption? What should our priorities be in the relationship between fresh water and climate change? What will it take to help vulnerable countries and regions adapt to change already taking place?

ExpertRichard C. Bush III

Richard Bush is the director of the Center for Northeast Asian Policy Studies. His public service career spans Congress, the intelligence community and the U.S. State Department. He currently focuses on China-Taiwan and U.S.-China relations, the Korean peninsula and Japan’s security.

Research ProjectArms Control Initiative

Few problems pose greater challenges to U.S. national security than controlling, reducing and countering the proliferation of nuclear arms. The Brookings Arms Control Initiative brings the Institution’s multidisciplinary strengths to bear on the critical challenges of arms control and non-proliferation.

ExpertAdam Looney

Adam Looney is a senior fellow in Economic Studies and policy director of The Hamilton Project. His research focuses on tax policy, labor economics, inequality and social policy. Previously, Looney was the senior economist for public finance and tax policy with the President’s Council of Economic Advisers and has been an economist at the Federal Reserve Board.

TopicGrowth through Innovation

What new practices and mechanisms will help prevent another economic downturn from turning into a financial panic that could become a truly global meltdown? What changes in the public and private sectors will build the workforce and infrastructure required for a global information-based economy?

ExpertSteven Pifer

A former ambassador to Ukraine, Steven Pifer’s career as a Foreign Service officer centered on Europe, the former Soviet Union and arms control. In addition to Kyiv, Pifer had postings in London, Moscow, Geneva and Warsaw, as well as on the National Security Council. At Brookings, Pifer focuses on arms control, Ukraine and Russia issues.

Research ProjectMiddle East Youth Initiative

A joint project of the Wolfensohn Center for Development at Brookings and the Dubai School of Government, the Middle East Youth Initiative aims to accelerate the international community's ability to better understand and respond to the changing needs of young people in the Middle East.

ExpertAudrey Singer

Demographer Audrey Singer is an expert on international migration, race and ethnicity, U.S. immigration policy, and demographic trends in metropolitan areas.

TopicManaging Global Change

How do we develop more realistic approaches and more effective means of ending intractable old conflicts and preventing new ones? How do we enhance measures to thwart nonstate actors—especially terrorists and illicit traffickers—and prevent the spread of nuclear weapons?

ExpertEzra Suruma

Ezra Suruma is a former minister of finance, planning and economic development. He is currently the senior presidential advisor on finance and planning in Uganda. His focus is on governance in governmental and financial institutions and its impact on stability and economic growth.

ExpertVanda Felbab-Brown

Vanda Felbab-Brown focuses on the national security implications of illicit economies and strategies for managing them. She is the author of Shooting Up: Counterinsurgency and the War on Drugs (Brookings Institution Press, 2009).

ExpertSuzanne Maloney

Suzanne Maloney studies Iran, the political economy of the Persian Gulf and Middle East energy policy. A former U.S. State Department policy advisor, she has also counseled private companies on Middle East issues.

TopicOpportunity and Well-being

As they weather the current economic storm, will our governments and societies address the basic needs and aspirations of the least well-off? How can we better use education to raise individual aspirations? How should governments around the world accelerate preparations to provide social services for the billions moving from poverty into the middle class?

Research ProjectLatin America Initiative

The Latin America Initiative provides high-quality, in-depth, and independent research across a range of economic and political issues, and offers policy recommendations aimed at U.S. and Latin American policymakers.

ExpertAlice M. Rivlin

In February 1975, the Congressional Budget Office was established with Alice Rivlin as its first director. Rivlin is an expert on urban issues as well as fiscal, monetary and social policy and directs the Greater Washington Research project at Brookings.

Policy CenterBrown Center on Education Policy

Raising the quality of education in the United States for more people is imperative for society’s well-being. The Brown Center on Education Policy at Brookings examines the problems of the American education system and helps delineate practical solutions.

Policy CenterCenter for Northeast Asian Policy Studies

CNAPS conducts research, analysis, and outreach designed to enhance policy development and understanding on the pressing political, economic, and security issues facing Northeast Asia.

Policy CenterUrban-Brookings Tax Policy Center

The Tax Policy Center, a joint venture of the Urban Institute and Brookings Institution, is comprised of nationally recognized experts in tax, budget and social policy who have served at the highest levels of government.

ExpertRebecca Winthrop

Rebecca Winthrop is a fellow and co-director of the Center for Universal Education. She is the former head of education for the International Rescue Committee, a humanitarian aid NGO. Her research focuses on education in the developing world, with special attention to fragile states and contexts of armed conflict, forced migration, and violent extremism.

Policy CenterCenter for Technology Innovation

The Center for Technology Innovation is at the forefront of shaping public debate on technology innovation and developing data-driven scholarship to enhance understanding of technology’s legal, economic, social, and governance ramifications.

Research ProjectBrookings-Bern Project on Internal Displacement

The Brookings-Bern Project on Internal Displacement monitors displacement problems worldwide, works with governments, regional bodies, international organizations and civil society to create more effective policies and institutional arrangements for Internally Displaced Persons.

ExpertTed Gayer

Ted Gayer is the co-director of the Economic Studies program and the Joseph A. Pechman Senior Fellow at the Brookings Institution. He conducts research on a variety of economic issues, focusing particularly on public finance, environmental and energy economics, housing, and regulatory policy.

ExpertHomi Kharas

Homi Kharas is a senior fellow and deputy director for the Global Economy and Development program. Formerly a chief economist in the East Asia and Pacific Region of the World Bank, Homi Kharas currently leads a research project on aid agency effectiveness, and also has expertise on East Asia development and global economic trends.