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The Place of Government

by Sebastian Mallabyvia Policy Review
Saturday, February 1, 2003

Setting the terms to promote competition

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.

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Lula’s Moment

by Stephen Haber, Herbert S. Klein, Richard Sousavia Hoover Digest
Thursday, January 30, 2003

Brazil has suffered economic and political stagnation for a quarter of a century. Will the nation’s charismatic new president be able to make a difference? By Hoover fellows Stephen Haber, Herbert S. Klein, and Hoover senior associate director Richard Sousa.SIDEBAR: Live from Rio

Economic Policy

Economic Policy after the 16th Party Congress

by Barry Naughtonvia China Leadership Monitor
Thursday, January 30, 2003

The 16th Party Congress focused primarily on political principles and personnel issues. With respect to economic policy, the party congress understandably stressed continuity. Thus, fewer dramatic signs of future economic policy orientation have come in the aftermath of the congress than may be the case in other issue areas. In economic policy, the most important personnel choices tend to come at the level of ministers and vice ministers, one level below the top politicians chosen by the 16th Party Congress. These choices are being announced only gradually in the run-up to the 10th National People’s Congress (NPC) meeting in March 2003. Nonetheless, some important choices have already been made—particularly with respect to the financial system—and the implications of those choices are discussed in this essay. The most important signal is the promotion of the former chairman of the China Securities Regulatory Commission (CSRC), Zhou Xiaochuan, to head the Central Bank. The reassignment of economic managers is especially important because the key personnel involved represent the young, better-educated members of China’s “fourth generation,” those who began their educations after the Cultural Revolution. The senior members of the fourth generation, who have just ascended to the top of the formal political system, by contrast completed their educations before the Cultural Revolution. Some of the shortcomings of the political succession process may imply that the younger, post–Cultural Revolution leaders could begin to play an especially important role effective immediately.

Nike and the First Amendment

by Clark S. Judgevia Hoover Digest
Thursday, January 30, 2003

Does the First Amendment extend to corporate America? The Supreme Court is about to decide. By Clark S. Judge.

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Who Owns the Genome?

by Richard A. Epsteinvia Hoover Digest
Thursday, January 30, 2003

Should private companies be granted patents on the human genome? Hoover fellow Richard Epstein on a debate that he argues has been fraught with needless misunderstanding.

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.

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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