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Neoconservatism's Liberal Legacy

by Tod Lindbergvia Policy Review
Friday, October 1, 2004

Striking a balance between freedom and equality

7 + 1 = 8. China Will Join the Economic Group of Seven

by Michael S. Bernstam, Alvin Rabushka
Monday, September 27, 2004

On October 1, 2004, on the 55th anniversary of the founding of the Communist People's Republic of China, the born-again China will effectively join the Group of Seven major industrial economies.

Analysis and Commentary

No-Limit Child Care Funding

by Jeffrey M. Jonesvia Hoover Daily Report
Wednesday, September 15, 2004

What's really behind the call for more federal child care funding is a political mind-set that views our nation's wealth as an endless resource for solving societal ills.

Analysis and Commentary

Cambodia joins the WTO

by Alvin Rabushka, Michael S. Bernstamvia russianeconomy.org
Tuesday, September 7, 2004

A recent announcement that Cambodia joins the WTO, on the heels of China's accession in November 2001 and bypassing the disqualified Russia, makes abundantly clear who is what.

Analysis and Commentary

The Flat Tax Idea Gains Momentum

by Alvin Rabushkavia russianeconomy.org
Tuesday, August 3, 2004

The adoption and success of the flat tax in a growing number of countries in Central and Eastern Europe, including Estonia, Latvia, Russia, Serbia, Slovakia, and Ukraine, has prompted interest in several other countries around the world.

The Monster in Our Backyard

by Clint Bolickvia Hoover Digest
Friday, July 30, 2004

Former president Bill Clinton famously proclaimed that “the era of big government is over.” He was wrong: Big government just moved to the suburbs. By Clint Bolick.

Healthy, Wealthy, and Wise

by Daniel P. Kessler, John F. Coganvia Hoover Digest
Friday, July 30, 2004

The American health care system is broken. Here’s how to fix it. By John F. Cogan, R. Glenn Hubbard, and Daniel P. Kessler.

Political Reform

Promoting the Scientific Development Concept

by Joseph Fewsmithvia China Leadership Monitor
Friday, July 30, 2004

For the past nine months, party General Secretary Hu Jintao and other leaders have been promoting a new economic approach that they call the "scientific development concept." This approach aims to correct what they describe as an overemphasis in recent years on increasing gross domestic product (GDP), which encourages the generation of false figures and dubious construction projects while neglecting the social welfare of those left behind in the hinterland. Advertised as a "people-centered" approach to development, the scientific development concept has been extended to leadership practices in general, including the recruitment of talent and the administration of the Chinese Communist Party (CCP). Leaders associated with former party General Secretary Jiang Zemin, such as Secretariat head Zeng Qinghong, have endorsed the scientific development concept, but Zeng in particular has appeared to demur at some of its central notions. At a minimum, this divergence underscores the difficulty of defining "social development" as opposed to "mere" economic development; at a maximum, it suggests continuing tensions within the leadership.

Economic Policy

Hunkering Down: The Wen Jiabao Administration and Macroeconomic Recontrol

by Barry Naughtonvia China Leadership Monitor
Friday, July 30, 2004

On April 26, 2004, the Standing Committee of the Politburo agreed to strengthen contractionary macroeconomic policies dramatically and to apply administrative controls over investment and land use. Within days, the State Development and Reform Commission (SDRC)—the former State Planning Commission—issued an urgent directive ordering the suspension and reinspection of thousands of investment projects. These steps represent a dramatic reorientation of Chinese macroeconomic policy. They have a significant political impact, bringing new leaders into the core of the economic decision-making process and shifting economic policy in a conservative direction. If not an outright step backward, these measures also indicate that economic policy approaches in place through the first year of the administration of Premier Wen Jiabao have failed to achieve their objectives. This piece describes the most important policy measures instituted; traces these measures' political implications, and assesses their economic implications.

The Provinces

Bringing China's Best and Brightest Back Home:

by Cheng Livia China Leadership Monitor
Friday, July 30, 2004

The Chinese leadership recently adopted a "strategy of strengthening China through human capital" with the goal of enhancing the country's international competitiveness in higher education. Largely because of new policy incentives implemented by the government, China has witnessed a tidal wave of foreign-educated Chinese returning to their native country since 2000. A quarter-century-long effort to train China's best and brightest overseas now seems to have come to fruition. These new developments, however, may also intensify political tensions between coastal and inland regions within the country and between foreign-educated and locally educated elites. China's well-funded universities, where foreign-educated returnees already predominate, are disproportionately located in a few coastal cities. This increasingly uneven distribution of human capital presents a major challenge for the Chinese leadership as it strives to achieve more-balanced regional development.

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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