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Political Reform

The 16th Party Congress: Implications for Understanding Chinese Politics

by Joseph Fewsmithvia China Leadership Monitor
Thursday, January 30, 2003

Jiang Zemin emerged from the recent 16th Party Congress and First Plenary Session of the 16th Central Committee with a sweeping victory. Not only were his "three represents" written into the Chinese Communist Party (CCP) charter, but his allies also emerged in critical positions on the Politburo and its Standing Committee. Jiang himself will continue to hold the chairmanship of the powerful Central Military Commission (CMC). In terms of understanding Chinese politics, however, does this mean that personnel can be manipulated at will, without reference to institutions? Not entirely, for institutions are taking on greater force in Chinese politics, but Jiang has proven a master of working--and dominating--the institutions. Looking closely at the results of the recent CCP congress makes Jiang's victory at the 15th Party Congress in 1997 all the more important. Although it is too early to predict what will ultimately ensue at the highest reaches of Chinese politics, Jiang's domination of personnel decisions makes it very difficult for Hu Jintao, relying primarily on the institutional power of the office of general secretary, to consolidate power in his person.

What Every American Wants

by Milton Friedmanvia Hoover Digest
Thursday, January 30, 2003

The president has proposed sweeping tax cuts. Hover fellow and Nobel laureate Milton Friedman approves.

DEBT AND TAXES: The Bush Administration's Tax Plan

with Michael J. Boskin, Robert Reichvia Uncommon Knowledge
Thursday, January 30, 2003

In January 2003, the Bush administration unveiled a package of proposed new tax cuts, including provisions to eliminate the taxation of dividends and make permanent the 2001 tax cut. President Bush called the plan "an immediate boost to the economy" as well as "essential for the long run to lay the groundwork for future growth and prosperity." Critics have said that the plan doesn't provide short-term economic stimulus and endangers long-term growth and prosperity. Is the Bush tax plan good for the economy or not?

Doom or Boom?

by Charles Wolf Jr.via Hoover Digest
Thursday, January 30, 2003

Gloomy predictions notwithstanding, there are plenty of signs that the American economy is on the rebound. By Charles Wolf Jr.

Party Affairs

China's Leadership Transition: The First Stage

by Alice L. Millervia China Leadership Monitor
Thursday, January 30, 2003

The Chinese Communist Party's (CCP) 16th Party Congress delivered a turnover of top leaders that marks the first stage in a process of managed leadership transition unprecedented in People's Republic of China (PRC) politics. The congress brought to the party's top ranks a new generation of younger leaders and saw the retirement of the cohort of party leaders who had dominated China's politics since the early 1990s. The changes in the party's top leadership foreshadow comparable turnover in top PRC state posts at the 10th National People's Congress (NPC) in March 2003. The congress also ratified amendments to the party constitution that promise a watershed transformation of the party makeup in coming years.

Making Deficits Disappear

by Melvyn B. Kraussvia Hoover Digest
Thursday, January 30, 2003

The proper response to the president's tax proposals? Bravo! By Melvyn Krauss.

Why Big Government Is Still the Problem

by Dinesh D’Souzavia Hoover Digest
Thursday, January 30, 2003

Is the era of big government really over? In a word, hardly. By Hoover fellow Dinesh D’Souza.

Analysis and Commentary

Goldilocks and the Three [Russian] Bears

by Alvin Rabushka, Michael S. Bernstamvia
Wednesday, January 22, 2003

Goldilocks has entered the Russian bears' house. High oil prices will harm growth. Low oil prices will harm growth. Only the right oil prices will foster growth.

Analysis and Commentary

Financial Sector Reform in Russia: DÉjÀ Vu All Over Again

by Alvin Rabushka, Michael S. Bernstamvia
Tuesday, January 21, 2003

To this day, neither the IMF or other transition scholars have yet proposed any real reform of Russia's banks. Rather, they, as exemplified in this most recent IMF paper, choose to reiterate shopworn cliches, and then wonder why Russia's banks, and its economy in general, remain in need of reform.

Analysis and Commentary

Russia on Auto-Pilot

by Alvin Rabushka, Michael S. Bernstamvia
Monday, January 6, 2003

Since last summer, the Russian economy has been largely on auto-pilot. Economic policy discussion has virtually ground to a halt.


Economic Policy Working Group

The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.

Milton and Rose Friedman: An Uncommon Couple