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Analysis and Commentary

Where the Flat Tax Goes from Here

by Alvin Rabushkavia Hoover Daily Report
Monday, May 27, 2002

Despite regression in the United States, the flat tax has been successful in several new countries that emerged from the breakup of the Soviet Union.

Analysis and Commentary

Tax Reform Remains High on Russia's Policy Agenda

by Alvin Rabushkavia
Wednesday, May 22, 2002

On April, 2002, I posted to this site an article entitled "Further Extending Russia's Tax Reforms." It described the Russian government's new proposal to radically simplify and reduce the tax treatment of small businesses.

After the Bubble

by Milton Friedmanvia Hoover Digest
Tuesday, April 30, 2002

What do the stock market crash of 1929, Japan’s decade-old recession, and the recent dot-com implosion in the United States have in common? More than you might suppose. By Hoover fellow Milton Friedman.

Party Affairs

The Succession of Hu Jintao

by Alice L. Millervia China Leadership Monitor
Tuesday, April 30, 2002

The anticipated succession of Hu Jintao to be China's top-ranking leader at the upcoming Sixteenth Party Congress will cap the outcome of a ten-year effort to groom him for the position. If Hu does in fact replace Jiang Zemin, the transition in leaders will mark an important new step in the effort, launched by Deng Xiaoping two decades ago, to institutionalize orderly processes in PRC politics. As the Party's top leader, Hu will likely play to the party's center to maintain his own power, while cautiously but steadily extending the liberalizing policies of Jiang Zemin in much the same manner that Jiang did those of his predecessor Deng Xiaoping.

The Joy of Freedom

by David R. Hendersonvia Hoover Digest
Tuesday, April 30, 2002

Why ideas really do matter. By Hoover fellow David R. Henderson.

Economic Policy

Selling Down the State Share: Contested Policy, New Rules

by Barry Naughtonvia China Leadership Monitor
Tuesday, April 30, 2002

Since the middle of 2001, the issue of reducing the government ownership stake in corporations listed on the Shanghai and Shenzhen Stock Exchanges has been high profile and highly contentious. This issue touches on many fundamental problems relating to the future of China's economic reforms, including the public ownership system, the development of capital markets, and the long-term social security of China's aging population. The twists and turns in Beijing's approach to this issue in recent months illuminates evolving decision-making processes and sheds light on the continuing role of Premier Zhu Rongji.

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Federalize Vaccine Production? We’d Be Taking a Shot in the Dark

by Henry I. Miller, Sam Kazmanvia Hoover Digest
Tuesday, April 30, 2002

Since the anthrax scare last fall, there have been calls for the federal government to set up a National Vaccine Authority. Hoover fellow Henry I. Miller and Sam Kazman explain why that would be a mistake—with deadly consequences.

Political Reform

Rethinking the Role of the CCP: Explicating Jiang Zemin's Party Anniversary Speech

by Joseph Fewsmithvia China Leadership Monitor
Tuesday, April 30, 2002

After Jiang Zemin delivered his groundbreaking speech on the communist party's anniversary last summer, there was much speculation about the strength of his political position and controversy over the meaning of the speech itself. Close examination of authoritative commentary, however, suggests that the speech has received strong support within the party and represents far more than the general secretary's personal views. Moreover, articles by party theoreticians based at the Central Party School indicate that Jiang's speech was intended to convey a program of wide-ranging political reform, albeit not one of democratization. This program of political reform is intended to meet the domestic and international challenges facing the party and to make the exercise of power in China better institutionalized and more stable.

Analysis and Commentary

Defense Mathematics

by Bruce Berkowitzvia Hoover Daily Report
Monday, April 22, 2002

We need to proceed aggressively on military transformation to create the flexible, agile, and rapid-response military force required to counter the asymmetric threats we now face.

CULTURE CLASH: A Talk with Hernando De Soto

with Hernando De Sotovia Uncommon Knowledge
Monday, April 22, 2002

In the West, capitalism reigns triumphant. Living standards, wealth, and technological development in the capitalist Western countries surpass anything seen before in human history. But why has capitalism so obviously failed in most developing countries? Why are some saying that capitalism is in a state of crisis today in the Third World? Does the success of capitalism depend on Western cultural values that simply don't translate to the Third World? Or can economic and political reforms, especially reform of property rights, enable developing countries to share the same fruits of capitalism and free enterprise that we enjoy in the West?


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