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Sunday July 5, 2009

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Spotlight: Economic Development


Photo Credit: World Bank/Curt Carnemark

Save to My Portfolio Governance Matters 2009: Learning From Over a Decade of the Worldwide Governance Indicators

Daniel Kaufmann, Aart Kraay and Massimo Mastruzzi, June 29, 2009

Policy analysts, civil society groups and aid donors agree that good governance is critical for sustainable economic development. Yet, improving governance and fighting corruption is not always a priority, highlighting serious challenges in global economics. Daniel Kaufmann, Aart Kraay and Massimo Mastruzzi, authors of Governance Matters VIII and the updated Worldwide Governance Indicators, analyze evidence from 212 countries that shows good governance has a strong, positive impact on development. Read More

Global Governance, Global Economics, Governance, Sustainable Development, Developing Countries

SPOTLIGHT: U.S. Economy


Reuters/Robert Galbraith - Unemployed people hold signs along Market Street in San Francisco

Save to My Portfolio A New Depression After All?

Gary Burtless, June 24, 2009

Some analysts believe the current recession bears an uncanny resemblance to the Great Depression. Much of their evidence focuses on trends in international trade and industrial output. Gary Burtless says that the comparisons may seem frightening but are incomplete. We have a way to go before the current downturn can approach the economic catastrophe of the 1930s. Read More

U.S. Economy

SPOTLIGHT: Federal Budget


i-stockphoto- money black hole

Save to My Portfolio An Update on the Economic and Fiscal Crises: 2009 and Beyond

William G. Gale and Alan J. Auerbach, June 2009

William Gale and Alan Auerbach share increasing public concerns about the deficit. Their research shows that as bad as the $1.7 trillion deficit looks for this year, the medium term and long-term numbers are of much greater concern. Our fiscal house of cards has dire implications for the American economy.
Read More

Federal Budget, Fiscal Policy, Budget Deficit, U.S. Economy

U.S. Economy


Alex Grimm/Reuters - A trader reacts to his screens

Save to My Portfolio The U.S. Financial and Economic Crisis: Where Does It Stand and Where Do We Go From Here?

Martin Neil Baily and Douglas J. Elliott, June 15, 2009

The economy is showing signs that it is likely bottoming out and heading toward a weak recovery, but we need to keep our optimism—and our policy actions—in check, argue Martin Baily and Douglas Elliott. Many risks remain for both the banking system and the larger economy, and they argue for increased focus on existing financial rescue plans and the banking sector. Read More

Financial Institutions, Financial Markets, Banking, U.S. Financial Market Regulation, U.S. Economy

GLOBAL ECONOMY AND DEVELOPMENT

Save to My PortfolioCan the G8 Lead in IMF Reform?

Domenico Lombardi, July 2009, Newsdesk Communications Limited

Can the G8 Lead in IMF Reform?Domenico Lombardi questions whether the G8 is leading the discussion on critical IMF governance reform and claims that the G20 may be better equipped to mobilize these issues. While the G8 may no longer be the guiding force behind the reform of the Bretton Woods Institutions, Lombardi states that it does provide an informal framework to discuss issues of common responsibility among its members. For instance, the G8 Summit should focus on the declining aid flows to poor countries and fulfilling its previous commitments to aid African growth. Read More

G8 Summit, International Monetary Fund, Global Governance, Developing Countries

METROPOLITAN POLICY PROGRAM

Save to My PortfolioNext on Climate: Improve Waxman-Markey Innovation Provisions in Senate

Mark Muro, June 29, 2009, The Brookings Institution

Following a narrow House vote on Friday to pass climate change legislation, President Obama called on the Senate this weekend to follow suit. Mark Muro urges an even greater investment in energy innovation to catalyze a radically cleaner future. Read More

Energy Security, Climate Change, Innovation, Competitiveness, Technology and Development

BLUEPRINT FOR AMERICAN PROSPERITY

Save to My PortfolioCalifornia Metros Hit Hard by Recession

Alan Berube, June 28, 2009, Los Angeles Times

Credit CrisisMost California cities are experiencing the worst economic downturn since the Depression; most Texas cities are not. Based on a new Brookings analysis on the nation's largest metropolitan areas, Alan Berube explains that “a lot depends on what a metro area's firms and workers do, and what its housing market did in the lead-up to the crash.” Read More

California, U.S. Economy, U.S. Economic Growth, Regions and States, Cities

BUDGETING FOR NATIONAL PRIORITIES

Save to My PortfolioStatutory PAYGO: An Important First Step Toward Fiscal Responsibility

Alice M. Rivlin, June 25, 2009, House Committee on the Budget

Testifying before the House Budget Committee, Alice Rivlin urged enforcement of the statutory pay-as-you-go budget rules to rein in the long-term deficit. She endorsed the recent actions taken to stimulate the economy and rescue the financial sector, but said the costly measures further obligate Congress and the administration to control deficits. Read More

Federal Budget, Governance, Fiscal Policy, U.S. Economy

ECONOMIC STUDIES

Save to My PortfolioThe Fiscal Crisis: Bad Now, Worse Long-Term

William G. Gale, June 22, 2009

The Fiscal Crisis: Bad Now, Worse Long-TermWhile many steps have been taken to help shore up the floundering U.S. economy, William Gale says that the long-term fiscal situation is still very dire.

Federal Budget, Fiscal Policy, Budget Deficit, U.S. Economy

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Spotlight

TopicEducation

The economic and political well-being of any democracy requires a well-educated citizenry. Brookings’s work has extended beyond the K-12 bookends to include pre-school interventions and issues in higher education. Experts are tackling fundamental issues on the role of education in the national and global economy.

Research Project21st Century Defense Initiative

The 21st Century Defense Initiative produces cutting-edge research, analysis, and outreach that address some of the most critical issues facing leaders shaping defense policy in the coming century. The initiative focuses on three core issues: the future of war, the future of U.S. defense needs and priorities, and the future of the U.S. defense system

Research ProjectBudgeting for National Priorities

The Budgeting for National Priorities project promotes greater fiscal responsibility by developing new ideas, educating the public and finding common ground among experts and policy-makers.

TopicHealth Care

Brookings is committed to producing innovative policy solutions to our nation’s most difficult challenges. The country may face no more important domestic policy challenge than the much-needed reform of our health care system. Through an institution-wide effort, Brookings delivers new ideas and offers policy solutions to improve health care both at home and globally.

TopicMigration

Migration is an issue that bridges Brookings’s expertise in domestic and foreign policy. In the United States, reforming immigration policy remains a subject of intense political debate. Globally, the unprecedented movement of people across borders raises issues in both industrialized countries and the developing world.

ProgramMetropolitan Policy Program

Redefining the challenges facing metropolitan America and promoting innovative solutions to help communities grow in more inclusive, competitive and sustainable ways.

ExpertMartin Neil Baily

Martin Baily, a former chairman of the Council of Economic Advisers, focuses on issues of globalization, productivity and competitiveness, Social Security reform and U.S. economic policy.

ExpertSarah A. Binder

Sarah Binder is an expert on Congress and legislative politics.  She is completing a project on the politics of advice and consent, and is at work on the politics of how Congress responds to financial crises.

ExpertEswar Prasad

Eswar Prasad, who holds the New Century Chair in International Economics, is a senior fellow in Global Economy and Development. He is the Tolani Senior Professor of Trade Policy at Cornell University and was previously head of the Financial Studies Division and the China Division at the IMF.

Policy CenterCenter on Children and Families

The Center on Children and Families studies policies on the well-being of America's children and their parents and seeks a more effective means of addressing poverty, inequality and lack of opportunity in the United States.

Policy CenterJohn L. Thornton China Center

The John L. Thornton China Center develops analysis and policy recommendations to help address key long-term challenges, both in terms of U.S.-China relations and China's internal development.

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.

Policy CenterCenter on the United States and Europe

The Center on the U.S. and Europe is dedicated to the study of Europe and U.S.-Europe relations. It involves American and European experts in an active program of research, analysis, and debate.

ExpertVanda Felbab-Brown

Vanda Felbab-Brown focuses on the national security implications of illicit economies and strategies for managing them. She is a security studies professor at Georgetown University’s School of Foreign Service.

ExpertRobert Puentes

Robert Puentes focuses on the broad array of policies and issues related to metropolitan growth and development. He is an expert on transportation and infrastructure, urban planning, growth management, suburban issues and housing.

ProgramGovernance Studies

Governance Studies explores political institutions of the United States and other democracies to assess how they govern, how their practices compare and how citizens and public servants can advance sound governance.