Notes on a New Approach to U.S. Economic Foreign Policy

1953 ◽  
Vol 5 (3) ◽  
pp. 302-312
Author(s):  
W. W. Rostow
Keyword(s):  
United States ◽  
Transition Period ◽  
The United States ◽  
Soviet Bloc ◽  
New Approach ◽  
Economic Relations ◽  
Structural Distortions ◽  
Communist Countries ◽  
The International Monetary Fund ◽  
Direct Attack

The purpose of this article is to outline a fresh approach to America's economic relations with the non-Communist world. These proposals envisage a direct attack by the United States and its allies on the structural distortions which have persisted since 1945 in the non-Communist world economy. The chronic dollar shortage of our major allies is taken to be, essentially, a symptom of these more basic structural distortions. The proposals would end, after a transition period, the system of annual Congressional grants to our allies and would substitute for it the combined operation of investment and financial pools. These pools might be built up from the present International Bank and the International Monetary Fund, although they would require operations different in scale and purpose from those now conducted by these institutions. The proposals would apply a common approach to the problems of both the industrialized portions of the non-Communist world and the underdeveloped regions, and would thus combine or coordinate U.S. economic efforts in Europe, Japan, and in underdeveloped areas. It is believed, also, that they would mitigate some of the more serious political friction between the United States and other non-Communist countries and strengthen the non-Communist world as against the Soviet bloc.

scholarly journals The West’s Teeth: IMF Conditionality During the Cold War

2020 ◽  
Author(s):  
Ariel Kessel Akerman ◽  
Leonardo Weller ◽  
Joao Paulo Pessoa
Keyword(s):  
United States ◽  
Cold War ◽  
International Monetary Fund ◽  
Strong Evidence ◽  
The United States ◽  
Political Pressure ◽  
The Cold War ◽  
Communist Countries ◽  
The International Monetary Fund ◽  
The Imf

Was the International Monetary Fund (IMF) susceptible to political pressure from the United States and its Western allies during the Cold War? To answer this question, we construct a new database containing the number of conditions applied to over 500 IMF loans since 1970 and analyze how the distance from a borrowing country to its closet communist neighbor affected the IMF conditionality. We show that the fund imposed fewer conditions on loans to countries geographically closer to the communist bloc. Results are stronger when neighboring communist countries were not part of the Warsaw Pact. This pattern persisted during the 1990s, when the fund helped former communist countries in their transition to market economies. However, we find no strong evidence of such discretionary treatment by the IMF after 2001, when thecontainment of communism had ceased to be the West’s top priority.

Stress Testing to Assess Recovery from Extreme Events

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
M. John Plodinec
Keyword(s):  
Climate Change ◽  
United States ◽  
Financial Institutions ◽  
Extreme Events ◽  
Stress Testing ◽  
The United States ◽  
The Other ◽  
New Approach ◽  
Rapid Spread ◽  
Potential Benefits

Abstract Over the last decade, communities have become increasingly aware of the risks they face. They are threatened by natural disasters, which may be exacerbated by climate change and the movement of land masses. Growing globalization has made a pandemic due to the rapid spread of highly infectious diseases ever more likely. Societal discord breeds its own threats, not the least of which is the spread of radical ideologies giving rise to terrorism. The accelerating rate of technological change has bred its own social and economic risks. This widening spectrum of risk poses a difficult question to every community – how resilient will the community be to the extreme events it faces. In this paper, we present a new approach to answering that question. It is based on the stress testing of financial institutions required by regulators in the United States and elsewhere. It generalizes stress testing by expanding the concept of “capital” beyond finance to include the other “capitals” (e.g., human, social) possessed by a community. Through use of this approach, communities can determine which investments of its capitals are most likely to improve its resilience. We provide an example of using the approach, and discuss its potential benefits.

scholarly journals 107 Traceability

2019 ◽  
Vol 97 (Supplement_2) ◽  
pp. 61-62
Author(s):  
John Butler
Keyword(s):  
United States ◽  
The United States ◽  
Current Approach ◽  
Animal Disease ◽  
Global Marketplace ◽  
Cattle Industry ◽  
New Approach ◽  
Traceability System ◽  
Competitive Disadvantage ◽  
Final Rule

Abstract Animal disease traceability—or knowing where diseased and at-risk animals are, where they’ve been, and when—is important to ensuring a rapid response when animal disease events take place. Although animal disease traceability does not prevent disease, an efficient and accurate traceability system reduces the number of animals and response time involved in a disease investigation; which, in turn, reduces the economic impact on owners and affected communities. The current approach to traceability in the United States is the result of significant discussion and compromise. Federal policy regarding traceability has been amended several times over the past decade based on stakeholder feedback, particularly from the cattle industry. In early 2010, USDA announced a new approach for responding to and controlling animal diseases, referred to as the ADT framework. USDA published a proposed rule, “Traceability for Livestock Moving Interstate,” on August 11, 2011, and the final rule on January 9, 2013. Under the final rule, unless specifically exempted, livestock moved interstate must be officially identified and accompanied by an interstate certificate of veterinary inspection (ICVI) or other documentation. However, these requirements do not apply to all cattle. Beef cattle under 18 months of age, unless they are moved interstate for shows, exhibitions, rodeos, or recreational events, are exempt from the official identification requirement in this rule. We can do better. Our industry must recognize how vulnerable we really are, should we be subject to a disease such as foot and mouth. We must also understand what a competitive disadvantage the United States faces in the global marketplace without a recognized, industry-wide traceability system.

Economic relations between Taiwan and the United States

1994 ◽  
Vol 5 (3) ◽  
pp. 349-366
Author(s):  
James Riedel ◽  
Maria Luisa Cicognani
Keyword(s):  
United States ◽  
The United States ◽  
Economic Relations

Towards a redefinition of the role of the court interpreter

Interpreting ◽  
1998 ◽  
Vol 3 (1) ◽  
pp. 21-45 ◽  
Author(s):  
Holly Mikkelson
Keyword(s):  
United States ◽  
Formal Education ◽  
The United States ◽  
Jury Trial ◽  
Cultural Norms ◽  
Anglo Saxon ◽  
New Approach ◽  
Distinctive Features ◽  
State Statutes

Various federal and state statutes in the United States define the role of the court interpreter with clear and unequivocal rules. This definition is based on the underlying principles of the U.S. legal system, which is derived from the Anglo-Saxon common-law tradition. Consequently, the distinctive features of that system, including the jury trial and the concept of adversarial proceedings, make the function of the court interpreter quite different from that of his/her counterparts in other countries. In recent years, the judiciary has made an effort to enhance the public's access to the justice system, but at the same time, the latest wave of immigration comprises individuals from societies in which cultural norms differ greatly from those of the United States. Moreover, many of these immigrants have received little or no formal education. As a result, judiciary interpreters feel somewhat constrained by the rules that govern their profession when they strive to bridge the cultural and linguistic gap. This paper reexamines the function of the court interpreter in light of these circumstances and an analysis of prevailing practices in other countries, and proposes a new approach to the interpreter's role.

scholarly journals The Development of Whistleblowing Laws in the United States and Europe (de lege ferenda remarks)

2021 ◽  
Vol 28 (2) ◽  
pp. 139-155
Author(s):  
Łucja Kobroń-Gąsiorowska
Keyword(s):  
United States ◽  
European Union ◽  
The United States ◽  
The European Union ◽  
Work Process ◽  
Free Markets ◽  
Member States ◽  
Communist Countries ◽  
Established Democracies

Corruption, harassment in a workplace, practices contrary to the correct work process, and many others are irregularities that can arise in any enterprise. This is a problem that affects established democracies and free markets and post-communist countries that are transitioning to democracy and market economies. While the causes of irregularities vary, the tools often suggested tackling them include that do not necessarily encourage potential whistleblowers to report them, whether inside or outside the organization. This article discusses the role of whistleblowing as a whistle­blowing tool. Describes the law and whistleblowing in a comparative context, focusing on the United States and the European Union. The article then concludes with recommendations for strengthening whistleblowing in Europe, where reporting irregularities is just beginning, and the level of protection differs between the Member States.

scholarly journals Trump, Russia, and China: The First 100 Days

2017 ◽  
pp. 116-122
Author(s):  
M. Share
Keyword(s):  
United States ◽  
Foreign Policy ◽  
Turning Point ◽  
Transition Period ◽  
American Foreign Policy ◽  
The United States ◽  
Donald Trump ◽  
Key Indicator ◽  
The World ◽  
The Future

On April 30 the United States and the World marked the 100th day in office of Donald Trump as President of the United States. The first 100 days are considered as a key indicator of the fortunes for a new President’s program. This article briefly reviews the 2016 campaign and election, the 11 week transition period, his first 100 days, a brief examination of both American-Russian relations and Sino-American relations, and lastly, what the future bodes for each under a Trump Presidency. The 100 Day period has been chaotic, shifting, and at times incoherent. He has made 180 degree shifts toward many major issues, including Russia and China, which has only confused numerous world leaders, including Presidents Putin and Xi. There has been a definite disconnection between what Trump says about Russia, and what his advisors and cabinet officials say. So far Trump has conducted a highly personalized and transactional foreign policy. All is up for negotiation at this a huge turning point in American foreign policy, the greatest one since 1945. Given all the world’s instabilities today, a rapprochement between the United States and Russia is a truly worthwhile objective, and should be strongly pursued.

Sign in / Sign up

Export Citation Format

Share Document