ISIL Freedom Network: Global > Scholarly and In-Depth Studies > International Economics

Revisiting the Revisionists: The Rise and Fall of the Japanese Economic Model
Source: Cato Center for Trade Policy Studies
Author: Brink Lindsey and Aaron Lukas
Country: United States
E-mail: cato@free-market.net

Authors recount early post-Cold War "revisionist" theories which claimed that the Japanese economic model would replace communism as the major rival to democratic capitalism, and explain how Japan's current economic woes are the result of its economic form.

Poor country debt forgiveness: Flaws in the Clinton proposal
Source: Heritage Foundation
Author: Brett D. Schaeffer, Denise H. Froning
Country: United States

A breakdown of the flaws in President Clinton's proposal to Congress that would forgive the debt that 36 extremely poor countries owe to the United States. Available in Adobe PDF format. (10/25/99)

What's wrong with the IMF? What would be better?
Source: Independent Institute
Author: Allen H. Meltzer
Country: United States

"Created in 1944 to help stabilize debtor countries, the International Monetary Fund today is a source of instability, chiefly through its subsidies of risky bank loans and penalties on sound ones. The time has come to rely more on bank capital and market-based incentives to strengthen the international financial system." Full document in Adobe PDF format. (10/99)

The Case for Open Capital Markets
Source: The Cato Institute
Author: Robert Krol
Country: United States

This study makes the case that "[i]nternational capital flows should not be restricted," saying "they benefit entrepreneurs and savers alike, with lower borrowing costs and greater returns." It is available in Adobe PDF. (03/15/01)

Repairing the Lender-Borrower Relationship in International Finance
Source: The Cato Institute
Author: Ian Vasquez
Country: United States

The IMF policy of bailing out countries before monetary difficulties arise is fraught with problems. This paper looks at ways to repair the current system. It is available in PDF format. (9/27/99)

Growth IS good for the poor
Source: World Bank
Author: David Dollar and Aart Kraay
Country: United States

"Income of the poor rises one-for-one with overall growth. .... Although there is a fair amount of variation around this general relationship, a number of popular views about the poverty-growth relationship are not true. .... [W]e find no evidence that formal democratic institutions or public spending on health and education have systematic effects on incomes of the poor." (3/02)

U.S. Assistance for Market Reforms: Foreign Aid Failures in Russia and the Former Soviet Bloc
Source: Independent Institute
Author: Janine R. Wedel
Country: United States

"Rather than helping to dissipate the legacies of communism, U.S. aid has reinforced the destructive legacies of suspicion, central planning and politicization of the economy." (1/24/00)

WTO report card III: Globalization and developing countries
Source: The Cato Institute
Author: Aaron Lukas
Country: United States

"Empirical experience with foreign trade and investment in the developing world has been overwhelmingly positive." This report details the advantages of free trade for developing countries. Full document in Adobe PDF. (6/00)

Isolationism as the denial of intervention: What foreign policy is and isn’t
Source: The Cato Institute
Author: Earl C. Ravenal
Country: United States

"The tendency of both the Clinton administration and its Republican opponents to frame foreign policy as a compromise between 'global policeman' and 'isolationism' misses the point entirely." Earl Ravenal explains why American foreign policy must adapt to changes in international structure. The full report is available in Adobe PDF. (4/27/00)

WTO Report Card II: An exercise or surrender of U.S. sovereignty?
Source: The Cato Institute
Author: William H. Lash III and Daniel T. Griswold
Country: United States

"Critics across the political spectrum allege that the World Trade Organization undermines the ability of the United States to determine its own trade, tax, environmental, and foreign policy. But an examination of how the WTO really works reveals that no such threat exists to U.S. sovereignty." The full report is available in Adobe PDF. (5/4/00)

Economic Freedom of the World Annual Report 2001
Source: The Cato Institute
Author: James Gwartney, Robert Lawson, et al
Country: United States

"In this year's [world economic freedom] report, Hong Kong is still the world's freest economy, with Singapore coming a close second. But the United States has dropped from fourth to fifth position, according to the study, which is a comprehensive rating of 123 of the world's economies." (04/01)

A globalist manifesto for public policy
Source: IEA
Author: Charles Calomiris
Country: United States

"Professor Charles Calomiris, well known for his work on national and international financial markets, examines the successes and failures of recent global liberalisation and derives a 'globalist manifesto' for public policy." (Adobe Acrobat) (2002)

International banking regulation: Where's the market discipline in Basel II?
Source: Cato Institute
Author: L. Jacobo Rodriguez
Country: United States

This report argues that the 1988 Basel Accord governing international banking ought to be scrapped, not revised. Rodriguez concludes that a one-size-fits-all standard of international banking regulation is "neither necessary nor desirable to promote the soundness of the financial system." (Full report available as PDF file) (10/15/02)

EU enlargement: Costs, benefits, and strategies for central and eastern European countries
Source: Cato Institute
Author: Marian L Tupy
Country: United States

"Unfortunately, the incoming EU members had to choose between the common market on the one hand and economic liberty on the other. .... As a result, economic growth in Central and Eastern Europe (CEE) will continue to be suboptimal." (PDF file) (9/18/03)

The globalization of human well-being
Source: The Cato Institute
Author: Indur M. Goklany
Country: United States

Goklany argues that worldwide improvements in hunger, infant mortality, life expectancy, child labor, and access to safe water are especially benefiting poor countries. He also states that "freer trade has enhanced food security and that deterioration in some human development indicators of certain countries is due to insufficient globalization." (08/22/02)

The decline and fall of the first global economy
Source: Reason
Author: Brink Lindsey
Country: United States

Globalization, by any other name, was in full swing a century ago. Indeed, it was remarkably advanced, even by contemporary standards. But it was destroyed by nationalism, protectionism and collectivism, which spawned a century of dictatorship and war. (11/23/01)

Reforming the antidumping agreement: A road map for WTO negotiations
Source: Cato Institute
Author: Brink Lindsey and Dan Ikenson
Country: United States

Lindsey and Ikenson set forth a detailed plan for antidumping reform. They begin by explaining that the basic concepts, principles, and objectives of the WTO Antidumping Agreement have never been defined by any GATT or WTO agreement, and that such a definition would be a logical starting place for WTO negotiators. (12/11/02)

Why World Bank and the IMF should be closed down
Source: Association for Liberal Thinking
Country: Turkey

The World bank and the International Monetary Fund were formed after World War II with specific aims. The WB was to assist in development of postwar Europe, while the IMF was to support the international monetary system. Their recent actions aimed at helping poor countries have proven unsuccessful because they apply artificial recipes without any regard for local peculiarities.

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