Strategic Debt

2008 ◽  
Vol 41 (2) ◽  
pp. 411-435 ◽  
Author(s):  
Carla Norrlöf
Keyword(s):  
United States ◽  
Political Economy ◽  
Empirical Analysis ◽  
Large Scale ◽  
Structural Changes ◽  
International Political Economy ◽  
The United States ◽  
Quarter Century ◽  
Trade And Investment

Abstract. Accumulating debt is usually harmful for states, but a cyclical deficit policy and large-scale borrowing have been beneficial for the United States. While structural changes in the international political economy may cap America's future ability to process debt, an empirical analysis of the economic dimensions of hegemony over the last quarter century shows unambiguously that the hegemon reaps disproportionate gains in the area of trade and investment. This finding provides new insight on whether it is advantageous to be a hegemon.Résumé. Les États pâtissent généralement de l'accumulation des dettes, mais une politique de déficit cyclique et le recours à de larges emprunts ont pourtant été bénéfiques aux États-Unis. La capacité future de la puissance américaine à gérer sa dette sera peut-être entamée par les changements structurels subis par l'économie politique mondiale. Toutefois, l'analyse empirique des dimensions économiques de la situation d'hégémonie durant les vingt-cinq dernières années met à jour, et sans ambiguïté aucune, les gains disproportionnés générés par l'hégémon dans les domaines du commerce et de l'investissement. Cette recherche apporte un éclairage nouveau au débat sur les avantages liés à la position d'hégémon.

Duterte’s Foreign Policy Pivot and Its Impact on Philippine Trade and Investments: An International Political Economy Perspective

2020 ◽  
Vol 41 (1-2) ◽  
pp. 127-160
Author(s):  
Jenny D. Balboa
Keyword(s):  
Political Economy ◽  
Foreign Policy ◽  
International Political Economy ◽  
The United States ◽  
The Philippines ◽  
The Political ◽  
The European Union ◽  
Economic Relations ◽  
The Impact ◽  
Trade And Investment

Abstract Since the Philippines elected President Rodrigo Duterte in 2016, the country’s foreign policy seems to have become more uncertain. President Duterte’s mercurial personality and antagonistic tirades against the country’s traditional Western allies, including the United States (US) and the European Union (EU), and his statements of building closer ties with China and Russia, had changed the political and diplomatic tone of the Philippines overall. Certainly, the political relationship between the Philippines and the West has been changed by Duterte’s strong remarks against the US and EU. Has this change spilled over to the economy? The paper presents an international political economy framework in examining the impact of Duterte’s foreign policy pivot to the country’s foreign economic relations, focusing on trade and investment. The paper argues that Duterte’s foreign policy shift is mainly shaped by Duterte’s “politics of survival”. Not firmly anchored in any idea, norms, or interest that can clearly benefit the country, Duterte is unable to provide coherent guidance and leadership on the foreign policy pivot, particularly on the economy. Duterte’s lack of guidance provided the technocrats with the policy space to continue the policies from the previous administration and not to divert radically from previous economic policies. The stability of the economic institutions provided a refuge in the period of uncertainty. As a result, the foreign economic relations of the Philippines has not radically shifted. The trade and investment situation of the Philippines remained stable, and economic relations with traditional partners are maintained.

7. International Political Economy: Contemporary Debates

2015 ◽  
Author(s):  
Robert Jackson ◽  
Georg Sørensen
Keyword(s):  
United States ◽  
Political Economy ◽  
Developing Countries ◽  
Western Europe ◽  
International Political Economy ◽  
Current Model ◽  
The United States ◽  
The Other ◽  
The Third ◽  
The Relationship

This chapter examines three important debates in International Political Economy (IPE). The first debate concerns power and the relationship between politics and economics, and more specifically whether politics is in charge of economics or whether it is the other way around. The second debate deals with development and underdevelopment in developing countries. The third debate is about the nature and extent of economic globalization, and currently takes places in a context of increasing inequality between and inside countries. This debate is also informed by the serious financial crisis of 2008 and has raised questions regarding the viability of the current model of capitalism in the United States and Western Europe.

Meaning of International Order and Evidence on Revisionism

2021 ◽  
pp. 72-115
Author(s):  
Steve Chan ◽  
Huiyun Feng ◽  
Kai He ◽  
Weixing Hu
Keyword(s):  
United States ◽  
Political Economy ◽  
International Organizations ◽  
International Political Economy ◽  
The United States ◽  
International Order ◽  
The Other ◽  
Militarized Disputes ◽  
Over Time ◽  
Multilateral Treaties

“Revisionism” is supposed to mean a rejection of the existing international order. Yet the meaning of international order has been underdeveloped in current research. This chapter delineates this idea, relying on the English school’s writings. It distinguishes the primary and secondary institutions of international order and introduces a collection of indicators to track and measure Chinese and US commitment to two aspects of international order: one that is norm-based and the other that is rule- or institution-based. These indicators encompass these countries’ official pronouncements, their involvement in wars and militarized disputes, their engagement in international political economy, and their participation in international organizations and multilateral treaties. The evidence shows that, contrary to customary depiction, the United States has become more revisionist over time and according to some measures, more so than China.

Hegemony, Hierarchy, and Unipolarity: Theoretical and Empirical Foundations of Hegemonic Order Studies

2017 ◽  
Author(s):  
Carla Norrlof
Keyword(s):  
United States ◽  
World War Ii ◽  
International Political Economy ◽  
International System ◽  
The United States ◽  
World War ◽  
Quarter Century ◽  
American Hegemony ◽  
Single State ◽  
The Relationship

Scholars of international political economy in the 1970s explored the relationship among a dominant power, leadership, and openness. The discussion soon centered on the concept of hegemony, meaning a situation in which a single state exercises leadership in creating and maintaining the fundamental rules of the international system. The scholarly arguments that ensued focused on the rationale for, and durability of, hegemony, and seemed relevant because of a shared assumption that U.S. dominance, so strong during the quarter-century after World War II, was declining. However, the debate was premised on a shared but incorrect empirical perception that American hegemony was declining. When similar questions arose again at the end of the 20th century, the terminology used was less that of hegemony than of unipolarity and hierarchy, and the key question was whether exercising continuing leadership would be so costly to the hegemon that its decline would be generated by its leadership. The issues of hegemony raised in this literature have taken on renewed relevance with the election of Donald J. Trump as President of the United States.

scholarly journals Politically Feasible Reforms of Nonlinear Tax Systems

2021 ◽  
Vol 111 (1) ◽  
pp. 153-191
Author(s):  
Felix J. Bierbrauer ◽  
Pierre C. Boyer ◽  
Andreas Peichl
Keyword(s):  
United States ◽  
Political Economy ◽  
Empirical Analysis ◽  
Income Tax ◽  
Median Voter ◽  
The United States ◽  
Tax Reforms ◽  
Tax System ◽  
Sufficient Statistics ◽  
Tax Systems

We study reforms of nonlinear income tax systems from a political economy perspective. We present a median voter theorem for monotonic tax reforms, reforms so that the change in the tax burden is a monotonic function of income. We also provide an empirical analysis of tax reforms, with a focus on the United States. We show that past reforms have, by and large, been monotonic. We also show that support by the median voter was aligned with majority support in the population. Finally, we develop sufficient statistics that enable to test whether a given tax system admits a politically feasible reform. (JEL D72, H21, H24)

Quality Control of Data in a Large-Scale Cancer Register Program

1966 ◽  
Vol 05 (02) ◽  
pp. 67-74 ◽  
Author(s):  
W. I. Lourie ◽  
W. Haenszeland
Keyword(s):  
United States ◽  
Quality Control ◽  
Cancer Patients ◽  
Large Scale ◽  
The United States ◽  
Newly Diagnosed ◽  
Related Data ◽  
Cancer Register ◽  
Independent Review ◽  
End Results

Quality control of data collected in the United States by the Cancer End Results Program utilizing punchcards prepared by participating registries in accordance with a Uniform Punchcard Code is discussed. Existing arrangements decentralize responsibility for editing and related data processing to the local registries with centralization of tabulating and statistical services in the End Results Section, National Cancer Institute. The most recent deck of punchcards represented over 600,000 cancer patients; approximately 50,000 newly diagnosed cases are added annually.Mechanical editing and inspection of punchcards and field audits are the principal tools for quality control. Mechanical editing of the punchcards includes testing for blank entries and detection of in-admissable or inconsistent codes. Highly improbable codes are subjected to special scrutiny. Field audits include the drawing of a 1-10 percent random sample of punchcards submitted by a registry; the charts are .then reabstracted and recoded by a NCI staff member and differences between the punchcard and the results of independent review are noted.

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