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2000 - 2008/2009
Brookings Trade Forum provides comprehensive analysis on current and emerging issues of international trade and macroeconomics. Practitioners and academics contribute to each volume, with papers that provide an in-depth look at a particular topic.
2000 - 2004
Brookings-Wharton Papers on Financial Services, an annual series from the Brookings Institution and the Financial Institutions Center at the Wharton School, provides timely and insightful analyses of the financial services industry.
2000 - 2009
Designed to reach a wide audience of scholars and policymakers, Brookings-Wharton Papers on Urban Affairs provides accessible research on urban areas and issues, including studies on urban sprawl, crime, taxes, education, poverty, and related subjects.
Creating Wealth in Low-Income Communities
Poor people spend their money living day to day. How can they accumulate wealth? In the United States, homeownership is often the answer. Homes not only provide shelter but also are assets, and thus a means to create equity. Mortgage credit becomes a crucial factor. More Americans than ever now have some access to credit. However. thanks in large part to the growth of global capital markets and greater use of "credit scores," not all homeowners have benefited equally from the opened spigots. Different terms and conditions mean that some applicants are overpaying for mortgage credit, while some are getting in over their heads. And the door is left wide open for predatory lenders. In this important new volume, accomplished analysts examine the situation, illustrate its ramifications, and recommend steps to improve it. Today, low-income Americans have more access to credit than ever before. The challenge is to increase the chances that homeownership becomes the new pathway to asset-building that everyone hopes it will be.
Industry's Role in Safeguarding a Nuclear Renaissance
Rapidly increasing global demand for electricity, heightened worries over energy and water security, and climate-change anxieties have brought the potential merits of nuclear energy squarely back into the spotlight. Yet worries remain, especially after the failure of Japan's Fukushima Daiichi power plant to withstand the twin blows of an earthquake and a tsunami. And the idea of increasing the availability of nuclear power in a destabilized world rife with revolution and terrorism seems to many a dangerous proposition.
Business and Nonproliferation examines what a dramatic increase in global nuclear power capacity means for the nuclear nonproliferation regime and how the commercial nuclear industry can strengthen it.
The scope of a nuclear "renaissance" could be broad and wide: some countries seek to enhance their existing nuclear capacity; others will build their first reactors; and many more will seek to develop a nuclear energy capability in the foreseeable future. This expansion will result in wider diffusion and transport of nuclear materials, technologies, and knowledge, placing additional pressures on an already fragile nonproliferation regime. With the private sector at the center of this increased commercial activity, business should have an increased role in preventing proliferation, in part by helping shape future civilian use of nuclear energy in a way that mitigates proliferation.
John Banks, Charles Ebinger, and their colleagues explore the specific emerging challenges to the nonproliferation regime, market trends in the commercial nuclear fuel cycle, and the geopolitical and commercial implications of new nuclear energy states in developing countries. Business and Nonproliferation presents and assesses the concerns and suggestions of key stakeholders in the nuclear community
Enhancing Productivity and Innovation in a Globalizing World
In recent years the Russian government, concerned about sustaining its economic performance, has sought to promote more diversified and broader economic growth beyond the profitable natural-resource sector. Economic officials would like to see something closer to a "knowledge-based economy." One of the areas in clear need of upgrading is the manufacturing sector. This book quantifies and benchmarks the relative strengths of that sector, identifying opportunities to increase Russian productivity and competitiveness. Drawing on original survey data from Russian firms of all sizes, the authors formulate proposals that aim to enhance the innovative potential of Russian firms, upgrade the skills of their workforce, and develop a business-friendly climate of lower administrative costs and greater policy certainty. This book examines the underlying firm-level determinants of knowledge absorption, competitiveness, and productivity, with an eye to improving workers' skill levels and improving the investment climate, which should in turn enhance the innovation needed to keep up in a globalized economy. The original research and analysis of Desai, Goldberg, and their colleagues will be of use to anyone interested in the problems of building manufacturing competitiveness, especially in Russia and the post-Soviet transition economies. It will also be of interest to organizations planning to do business with Russia or to invest in it.
A New Type of Superpower
The rapid pace and grand scale of China's rise have produced a heady mixture of wonder and consternation in the West. Is China on track to become a superpower? What would that mean for the rest of the world? Economist Hu Angang approaches these questions through analysis of three major dimensions of China's rise: its overall economic and social development; advances in education, science, and technology (including alternative energy); and the likely complications posed by resource scarcity, environmental degradation, and climate change.
After three decades of unprecedented economic growth, China is now home to the world's second-largest economy. It is the world's largest exporter and its second-largest consumer of energy (as well as number one in carbon emissions). Extrapolating from these seismic changes, Hu forecasts that by 2020 China will become a "mature, responsible, and attractive superpower" that will contribute, alongside the European Union, to the "end of the unipolar era dominated by the United States."
China in 2020 presents a native Chinese perspective on the challenges and opportunities that Beijing will face as its global footprint expands. Through a meticulous examination of China's development trajectory, Hu Angang explains how his nation as the world's largest emerging market will impact global economic growth, foreign direct investment flows, energy consumption, and carbon dioxide emissions. He proposes a comprehensive strategic framework to guide the next stage of China's rise, seeking to maximize the country's positive impact on the world and minimize the negative externalities of its meteoric development.
Speeches of Zheng Bijian 1997-2005
While in the past other emerging powers have used territorial expansion or other forms of aggression in order to insert themselves into the international arena, China is taking a different road. In this timely collection of speeches, Zheng Bijian, one of China's leading thinkers on ideological questions, examines "China's peaceful rise," addressing some of the most complex issues China faces as it emerges into a rapidly changing world order. These speeches reflect Zheng's firm sense that the lessons of history demand that China pursue a stable, peaceful international environment as a first priority. Such a strategy will not only help smooth China's rise it will also translate China's successes into benefits for other countries as well. These speeches are worth reading not only for the strength of their ideas, but also for a greater understanding of the political and policy constraints and opportunities in relations with China. They help us begin to answer the crucial question that informs all these speeches: How should we think about China?
Emerging Policy and Market Opportunities
The global climate change problem has finally entered the world's consciousness. While efforts to find a solution have increased momentum, international attention has focused primarily on the industrial and energy sectors. The forest, and land-use sector, however, remains one of the most significant untapped opportunities for carbon mitigation. The expiration of the Kyoto Protocol's first commitment period in 2012 presents an opportunity for the international community to put this sector back on the agenda.
In this timely, wide-ranging volume, an international team of experts explain the links between climate change and forests, highlighting the potential utility of this sector within emerging climate policy frameworks and carbon markets. After framing forestry activities within the larger context of climate-change policy, the contributors analyze the operation and efficacy of market-based mechanisms for forest conservation and climate change. Drawing on experiences from around the world, the authors present concrete recommendations for policymakers, project developers, and market participants. They discuss sequestration rights in Chile, carbon offset programs in Australia and New Zealand, and emerging policy incentives at all levels of the U.S. government. The book also explores the different voluntary schemes for carbon crediting, provides an overview of best practices in carbon accounting, and presents tools for use in future sequestration and offset programs. It concludes with consideration of various incentive options for slowing deforestation and protecting the world's remaining forests.
Climate Change and Forests provides a realistic view of the role that the forest and land-use sector can play in a post-Kyoto regime. It will serve as a practical reference manual for anyone concerned about climate policy, including the negotiators working to define a robust and enduring international framework for addressing climate change.
Politics and Ideology in American Universities
Contrary to popular belief, the problem with U.S. higher education is not too much politics but too little. Far from being bastions of liberal bias, American universities have largely withdrawn from the world of politics. So conclude Bruce L. R. Smith, Jeremy Mayer, and Lee Fritschler in this illuminating book. C losed Minds? d draws on data from interviews, focus groups, and a new national survey by the authors, as well as their decades of experience in higher education to paint the most comprehensive picture to date of campus political attitudes. It finds that while liberals outnumber conservatives within faculty ranks, even most conservatives believe that ideology has little impact on hiring and promotion. Today's students are somewhat more conservative than their professors, but few complain of political bias in the classroom. Similarly, a Pennsylvania legislative inquiry, which the authors explore as a case study of conservative activism in higher education, found that political bias was "rare" in the state's public colleges and universities. Yet this ideological peace on campus has been purchased at a high price. American universities are rarely hospitable to lively discussions of issues of public importance. They largely shun serious political debate, all but ignore what used to be called civics, and take little interest in educating students to be effective citizens. Smith, Mayer, and Fritschler contrast the current climate of disengagement with the original civic mission of American colleges and universities. In concluding, they suggest how universities can reclaim and strengthen their place in the nation's political and civic life.