How can Korea Raise its Future Potential Growth Rate?
Elena Ianchovichina & Danny Leipziger
Volume 9, Number 4, 2008, pages 129 - 144
Korea has achieved tremendous economic progress over the last three and a half
decades, but in recent years growth has slowed down, and looking forward, most
forecasters expect potential growth to decline substantially. The authors’ analysis
of the key factors determining potential growth in Kore ... Read more
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Economic Drivers of Pharmaceutical Investment Location
David Lewis, Edward Bramley-Harker & Joshua Farahnik
Volume 8, Number 3, 2007, pages 171 - 182
The article examines the range of economic factors that underlie decision making about the location of investments by research-based pharmaceutical companies. Set in the context of the commercial challenges facing the industry, structured interviews with 34 senior executives in pharmaceutical compan ... Read more
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Agricultural Reform and Trade Negotiations
Can the Doha Round deliver?
Kimberly Ann Elliott
Volume 7, Number 4, 2006, pages 125 - 144
In this essay, Kim Elliott examines the patterns of support for agriculture across countries and commodities in the industrialized world. She then summarizes the approach to reducing trade-distorting support that came out of the Uruguay Round, and concludes with a discussion of the implications for ... Read more
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Can Iraq Overcome the Oil Curse?
Robert E. Looney
Volume 7, Number 1, 2006, pages 21 - 44
A growing literature suggests that the oil sector and the allocation of its revenues is the critical variable in shaping both the economic structure and political systems of countries like Iraq. For the most part this literature focuses on the so-called “oil curse” or the “paradox of plenty.” ... Read more
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Blueprint for Public Company Reform
Edward Gottesman
Volume 4, Number 4, 2003, pages 171 - 184
The crisis of confidence in corporate governance and the opacity of public
company reporting are growing concerns. These flaws in the market system have
been highlighted by the stock market bubble and pose a threat to orderly capital
flows. Reform is needed, but legislation may have little effect ... Read more
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Hydropower in Bhutan and Nepal
Why the difference?
Jeremy Berkoff
Volume 4, Number 3, 2003, pages 121 - 142
Bhutan and Nepal have followed differing hydropower development strategies.
Bhutan has co-operated with India and power export earnings have helped fund a
broadly successful economic, environmental and social programme. In contrast,
Nepal turned to the World Bank and other donors to fund its powe ... Read more
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Five Centuries of Energy Prices
Roger Fouquet & Peter Pearson
Volume 4, Number 3, 2003, pages 93 - 119
Concerns about rising energy prices tend to occur in times of economic
expansion, to disappear in times of recession. A recurring fear is that, in the long
run, real energy prices will trend upwards. This paper presents evidence from
five hundred years of prices of energy sources for the United K ... Read more
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Weapons Exports
The bogus moral dilemma
Samuel Brittan
Volume 4, Number 2, 2003, pages 39 - 56
The commonly held view that an ethical approach to arms sales is desirable but
‘unaffordable’ because jobs and exports are at stake is challenged by Samuel
Brittan. He argues that it arises from a failure to understand the circular flow of
income, the fallacy of a ‘lump of labour’ and a long disc ... Read more
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Regulating Tobacco in the United States
The Government and the Courtroom
Jonathan Gruber
Volume 3, Number 3, 2002, pages 27 - 53
There has been a dramatic turn of events against the tobacco industry in the past
few years, raising the question of the appropriate future path for smoking policy
in the US. This paper discusses the theory and evidence on regulation of
smoking. The author begins by reviewing the background on th ... Read more
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Transport, Access and Economic Growth
Karl W. Steininger
Volume 3, Number 2, 2002, pages 75 - 91
Transport and gross domestic product have grown at roughly a one-to-one
relationship in the past. Many decision-makers consider the supply of transport
infrastructure an important ingredient in fostering productivity and economic
growth; some even consider it a prerequisite. This article analyses ... Read more
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The International Arms Industry Since the End of the Cold War
Ron Smith
Volume 2, Number 3, 2001, pages 155 - 166
This article surveys the evolution of the international arms market since the end of the Cold War. It begins with the policy context, the choices made by the
national Ministries of Defence and the constraints they faced. It then looks at the choices available to the arms producers: convert, diversi ... Read more
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Is the Internet Better than Electricity?
Martin Brookes & Zaki Wahhaj
Volume 2, Number 2, 2001, pages 53 - 72
This article looks at the economic impact of electrification in the United States to
gain insights about the possible consequences of today’s information
technologies. A close study reveals that electrification significantly raised
productivity growth by spurring a redesign of the optimal factory ... Read more
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Negotiating Trade
David Flath
Volume 2, Number 2, 2001, pages 19 - 28
If unilateral free trade is the best policy, then why are international treaties
needed to achieve it? The reason may be found in the Becker theory of
competition among political pressure groups. By entering wide-ranging
negotiations, nations shift the political question from one of protecting a ... Read more
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The Modern Motor Industry
Nowhere for the inefficient to hide
Garel Rhys
Volume 2, Number 1, 2001, pages 9 - 29
The motor industry is experiencing one of its periods of massive change. This
involves considerable micro- and macroeconomic effects, reflecting the structure
and behaviour of the industry and its scale of operations within an economy. The
industry is a highly rivalrous oligopoly, where although ... Read more
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Can Agriculture Become an Environmental Asset?
Daniel W. Bromley
Volume 1, Number 3, 2000, pages 127 - 139
Traditional treatments see agricultural practices as inimical to many environmental attributes in rural areas. In the policy arena, farmers and environmentalists often clash over land-use practices, crop monoculture, animal wastes, and the application of chemicals – the residues of which are said t ... Read more
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