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Antitrust law is intended to protect consumer welfare and foster competition. At first glance, however, it is often unclear whether certain business practices have positive or detrimental effects. Businesses frequently engage in activities that may appear anticompetitive on the surface, but are actually beneficial to consumers. Business tying practices, for example, make the sale of one product conditional upon the sale of another product. This practice can either deprive consumers of choice and drive up prices or lower costs and improve convenience. Therefore, it is critical that policymakers have a keen understanding of which vertical restraints limitations imposed on businesses by firms located in the production chain are likely to harm consumers more than they benefit competition. In order to formulate economically efficient policies, they must be able to identify and limit those practices that are likely to do more harm than good. In A ntitrust Policy and Vertical Restraints a group of leading scholars takes a hard look at how restraints limit the conditions under which firms may purchase, sell, or resell a good or service. The authors, representing both sides of the antitrust debate over tying practices, provide a uniquely broad perspective on this critical economic policy issue. Contributors include Dennis Carlton (University of Chicago), David Evans (University College London), Bruce Kobayashi (George Mason University), and Michael Waldman (Cornell University).
America and the Transformation of the Middle East
Even the most seasoned Middle East observers were taken aback by the events of early 2011. Protests born of oppression and socioeconomic frustration erupted throughout the streets; public unrest provoked violent police backlash; long-established dictatorships fell. How did this all happen? What might the future look like, and what are the likely ramifications for the United States and the rest of the world? In The Arab Awakening, experts from the Brookings Institution tackle such questions to make sense of this tumultuous region that remains at the heart of U.S. national interests.
The first portion of The Arab Awakening offers broad lessons by analyzing key aspects of the Mideast turmoil, such as public opinion trends within the "Arab Street"; the role of social media and technology; socioeconomic and demographic conditions; the influence of Islamists; and the impact of the new political order on the Arab-Israeli peace process.
The next section looks at the countries themselves, finding commonalties and grouping them according to the political evolutions that have (or have not) occurred in each country. The section offers insight into the current situation, and possible trajectory of each group of countries, followed by individual nation studies.
The Arab Awakening brings the full resources of Brookings to bear on making sense of what may turn out to be the most significant geopolitical movement of this generation. It is essential reading for anyone looking to understand these developments and their consequences.
The West's Mediterranean Challenge
For every pithy conceptualization of complex events, there are additional lenses through which to examine them. One of the several virtues of this book is precisely that it brings different perspectives to bear on the complexity, diversity, and uncertainty of recent and current events in the Arab world. The thirteen authors concentrate on the critical social forces shaping the region demography, religion, gender, telecommunication connectivity, and economic structures and they are painstakingly analyzed and evaluated. from the foreword by Strobe Talbott, president of the Brookings Institution
The Arab Spring will be remembered as a period of great change for the Arab states of North Africa and the eastern Mediterranean. Facing fundamental transitions in governance, these countries are also undergoing profound social, cultural, and religious changes. The European Union and the United States, caught unprepared by the uprisings, now must address the inescapable challenges of those changes. How will the West respond to these new realities, particularly in light of international economic uncertainty, EU ambivalence toward a "cohesive foreign policy," and declining U.S. influence abroad? Arab Society in Revolt explains and interprets the societal transformations occurring in the Arab Muslim world, their ramifications for the West, and possible policy options for dealing with this new world.
Arab Society in Revolt examines areas of change particularly relevant in the southern Mediterranean: demography and migration, Islamic revival and democracy, rapidly changing roles of women in Arab society, the Internet in Arab societies, commercial and social entrepreneurship as change factors, and the economics of Arab transitions. The book then looks at those cultural and religious as well as political and economic factors that have influenced the Western response, or lack of it, to the Arab Spring as well as the policy options that remain open.
This second volume of The Arab Spring Five Years Later provides the original research papers on which volume 1 by Hafez Ghanem is based. In this edited volume, Ghanem assembles a collection of important research conducted by scholars from a variety of backgrounds to provide a deeper understanding of the economic factors that led to the Arab Spring. Chapters examine women's issues and agricultural practices in Morocco; urban transportation, small enterprises, governance, and inclusive planning in Egypt; reconstruction in Iraq; youth employment in Tunisia; education in Yemen; and more.
In addition to Hafez Ghanem, contributors include Mongi Boughzala (University of Tunis ElManar, Tunisia), Emmanuel Comolet (French Agency for Development), Mohamed Tlili Hamdi (University of Sfax, Tunisia), Seiki Tanaka (University of Amsterdam), and from the Japan International Cooperation Agency (JICA), Yuriko Kameyama, Mayada Magdy, Hideki Matsunaga, Yuko Morikawa, Akira Murata, Kei Sakamoto, Masanori Yoshikawa, and Takako Yuki.
Toward Great Inclusiveness
Hafez Ghanem delivers a thorough assessment of the economic dimensions of the Arab Spring, beginning with political developments since the revolutions and the economic impact of changes in legal and institutional frameworks. Arab economies grew at healthy rates before the revolts, but the benefits of economic growth were unfairly distributed. The politically connected reaped great benefits, while educated youth could not find decent jobs, and the poor and middle class struggled to make ends meet.
Ghanem advises the Arab Spring countries to adopt new economic policies and programs that enhance inclusiveness, expand the middle class, and foster growth in undeveloped regions. Key elements include strengthening economic institutions, developing small businesses, reforming the education system to better prepare Arab youth for the modern labor market, promoting gender equality with the objective of raising female labor market participation rates, and setting up programs for rural and regional development to reduce inequality and eliminate extreme poverty.
An Empirical Analysis of the Federal Judiciary
Over the past two decades, the United States has seen an intense debate about the composition of the federal judiciary. Are judges "activists"? Should they stop "legislating from the bench"? Are they abusing their authority? Or are they protecting fundamental rights, in a way that is indispensable in a free society? Are Judges Political? cuts through the noise by looking at what judges actually do. Drawing on a unique data set consisting of thousands of judicial votes, Cass Sunstein and his colleagues analyze the influence of ideology on judicial voting, principally in the courts of appeal. They focus on two questions: Do judges appointed by Republican Presidents vote differently from Democratic appointees in ideologically contested cases? And do judges vote differently depending on the ideological leanings of the other judges hearing the same case? After examining votes on a broad range of issues--including abortion, affirmative action, and capital punishment--the authors do more than just confirm that Democratic and Republican appointees often vote in different ways. They inject precision into an all-too-often impressionistic debate by quantifying this effect and analyzing the conditions under which it holds. This approach sometimes generates surprising results: under certain conditions, for example, Democrat-appointed judges turn out to have more conservative voting patterns than Republican appointees. As a general rule, ideology should not and does not affect legal judgments. Frequently, the law is clear and judges simply implement it, whatever their political commitments. But what happens when the law is unclear? Are Judges Political? addresses this vital question.
India's Military Modernization
India has long been motivated to modernize its military, and it now has the resources. But so far, the drive to rebuild has lacked a critical component—strategic military planning. India's approach of arming without strategic purpose remains viable, however, as it seeks great-power accommodation of its rise and does not want to appear threatening. What should we anticipate from this effort in the future, and what are the likely ramifications? Stephen Cohen and Sunil Dasgupta answer those crucial questions in a book so timely that it reached number two on the nonfiction bestseller list in India.
"Two years after the publication of Arming without Aiming, our view is that India's strategic restraint and its consequent institutional arrangement remain in place. We do not want to predict that India's military-strategic restraint will last forever, but we do expect that the deeper problems in Indian defense policy will continue to slow down military modernization."—from the preface to the paperback edition
India's Military Modernization
India's growing affluence has led experts to predict a major rearmament effort. The second-most populous nation in the world is beginning to wield the economic power expected of such a behemoth. Its border with Pakistan is a tinderbox, the subcontinent remains vulnerable to religious extremism, and a military rivalry between India and China could erupt in the future. India has long had the motivation for modernizing its military it now has the resources as well. What should we expect to see in the future, and what will be the likely ramifications? In Arming without Aiming, Stephen Cohen and Sunil Dasgupta answer those crucial questions.
India's armed forces want new weapons worth more than $100 billion. But most of these weapons must come from foreign suppliers due to the failures of India's indigenous research and development. Weapons suppliers from other nations are queuing up in New Delhi. A long relationship between India and Russian manufacturers goes back to the cold war. More recently, India and Israel have developed strong military trade ties. Now, a new military relationship with the United States has generated the greatest hope for military transformation in India.
Against this backdrop of new affluence and newfound access to foreign military technology, Cohen and Dasgupta investigate India's military modernization to find haphazard military change that lacks political direction, suffers from balkanization of military organization and doctrine, remains limited by narrow prospective planning, and is driven by the pursuit of technology free from military-strategic objectives. The character of military change in India, especially the dysfunction in the political-military establishment with regard to procurement, is ultimately the result of a historical doctrine of strategic restraint in place since Nehru. In that context, its approach of arming without strategic purpose remains viable as India seeks great-power accommodation of its rise and does not want to look threatening. The danger lies in its modernization efforts precipitating a period of strategic assertion or contributing to misperception of India's intentions by Pakistan and China, its two most immediate rivals.
The Slow Pace of Economic Reform
In the late 1980s, Japan's strong economic performance put it on a the verge of becoming a major player in regional and global affairs. But nearly a decade of economic stagnation, a mounting of bad debts, and a continuing stream of scandals have tarnished the country's distinctive economic model. At the turn of the millennium, the Japanese economy remained mired in a pattern of stagnation. As this disappointing condition dragged on, the government pursued policies to restore economic health. Yet Japan has been slow to embrace the systemic reform on which a robust economic recovery depends. In Arthritic Japan, Edward J. Lincoln examines the causes and implications of this weak response. Concluding that Japan is unlikely to pursue the vigorous reform necessary for economic growth, Lincoln warns of serious consequences: a stumbling economy bedeviled by recession and financial crisis, eroding leadership in economic and security issues, a continued defensive trade posture, and a disgruntled population that could turn a more nationalistic stance in foreign policy.
In this collaboration between the Brookings Institution and the Asian Development Bank Institute, eminent international economists examine the increased influence of Asian nations in the governance of global economic affairs, from the changing role of the G-20 to the reform of multilateral organizations such as the International Monetary Fund.
Established in the aftermath of the Asian financial crisis at the ministerial level, the G-20 has served as a high-level platform for discussing economic analyses and policy responses since 1999. During the current global financial crisis, however, the G-20's role moved toward that of a global crisis management committee at the leadership level. The challenge now for the G-20 is to succeed in fostering ongoing and increasing cooperation among its members while being supportive of, rather than trying to replace, more universal institutions.
After analyzing the dynamics of growth in Asia comparatively and historically, the volume appraises the scope for policy coordination among key economies. The contributors analyze financial stability in emerging Asia and then assess the implications of Asia's increasing role within the newly emerging system of global economic governance, focusing especially on reform of the international monetary structure.
Contributors: Dony Alex (ICRIER, New Delhi), Kemal Dervis¸ (Brookings), Hasan Ersel (Sabanci University), Karim Foda (Brookings), Yiping Huang (Peking University), Masahiro Kawai (ADBI), Rajiv Kumar (FICCI, New Delhi), Domenico Lombardi (Oxford University and Brookings), José Antonio Ocampo (Columbia University), Jim O'Neill (Goldman Sachs)