Economic Policy Knowledge Base
What are the best indicators of a sustainable economic policy? This is specifically in regards to Dubai, U.A.E. and its promotion of free economic zones. How do these zones contribute toward a sustainable economic policy. I need to find some variables to use in my tests. I was thinking of looking at GDP/cap, Foreign Direct Investment Rates, and some way of examining technology spillover effects.
Is American economic policy to blame for the fact that poor immigrants are poor? Isn't that a function of the economic policy in their home countries? If so, then why would we want to run our economy the way those countries run theirs? If anything, isn't the STRENGTH of our economy the reason why these people came here, because here they won't always be poor? http://www.urban.org/uploadedpdf/410654_... http://www.washingtonpost.com/wp-dyn/con... Importing Poverty By Robert J. Samuelson Wednesday, September 5, 2007; Page A21 The government last week released its annual statistical report on poverty and household income. As usual, we -- meaning the public, the media and politicians -- missed a big part of the story. It is this: The stubborn persistence of poverty, at least as measured by the government, is increasingly a problem associated with immigration. As more poor Hispanics enter the country, poverty goes up. This is not complicated, but it is widely ignored. The standard story is that poverty is stuck; superficially, the statistics support that. The poverty rate measures the share of Americans below the official poverty line, which in 2006 was $20,614 for a four-person household. Last year, the poverty rate was 12.3 percent, down slightly from 12.6 percent in 2005 but higher than the recent low, 11.3 percent in 2000. It was also higher than the 11.8 percent average for the 1970s. So the conventional wisdom seems amply corroborated. Who's Blogging? Read what bloggers are saying about this article. Anderson@Large Business, Economics, Culture, and More ??? The American, A Magazine of Ideas Mangan's Full List of Blogs (43 links) » Most Blogged About Articles On washingtonpost.com | On the web Save & Share Article What's This? DiggGoogle del.icio.usYahoo! RedditFacebook It isn't. Look again at the numbers. In 2006, there were 36.5 million people in poverty. That's the figure that translates into the 12.3 percent poverty rate. In 1990, the population was smaller, and there were 33.6 million people in poverty, a rate of 13.5 percent. The increase from 1990 to 2006 was 2.9 million people (36.5 million minus 33.6 million). Hispanics accounted for all of the gain. Consider: From 1990 to 2006, the number of poor Hispanics increased 3.2 million, from 6 million to 9.2 million. Meanwhile, the number of non-Hispanic whites in poverty fell from 16.6 million (poverty rate: 8.8 percent) in 1990 to 16 million (8.2 percent) in 2006. Among blacks, there was a decline from 9.8 million in 1990 (poverty rate: 31.9 percent) to 9 million (24.3 percent) in 2006. White and black poverty has risen somewhat since 2000 but is down over longer periods. Only an act of willful denial can separate immigration and poverty. The increase among Hispanics must be concentrated among immigrants, legal and illegal, as well as their American-born children. Yet, this story goes largely untold. Government officials didn't say much about immigration when briefing on the poverty and income reports. The American Enterprise Institute, a conservative-leaning think tank, and the Center on Budget and Policy Priorities, a liberal advocacy group for the poor, both held briefings. Immigration was a common no-show. Why is it important to get this story straight? One reason is truthfulness. It's usually held that we've made little, if any, progress against poverty. That's simply untrue. Among non-Hispanic whites, the poverty rate may be approaching some irreducible minimum: people whose personal habits, poor skills, family relations or bad luck condemn them to a marginal existence. Among blacks, the poverty rate remains abysmally high, but it has dropped sharply since the 1980s. Moreover, taking into account federal benefits (food stamps, the earned-income tax credit) that aren't counted as cash income would further reduce reported poverty. We shouldn't think that our massive efforts to mitigate poverty have had no effect. Immigration hides our grudging progress. A second reason is that immigration affects government policy. By default, our present policy is to import poor people. This imposes strains on local schools, public services and health care. From 2000 to 2006, 41 percent of the increase in people without health insurance occurred among Hispanics. Paradoxically, many Hispanics are advancing quite rapidly. But assimilation -- which should be our goal -- will be frustrated if we keep adding to the pool of poor. Newcomers will compete with earlier arrivals. In my view, though some economists disagree, competition from low-skilled Hispanics also hurts low-skilled blacks. We need an immigration policy that makes sense. My oft-stated belief is that legal immigration should favor the high-skilled over the low-skilled. They will assimilate quickest and aid the economy the most. As for present illegal immigrants, we should give most of them legal status, both as a matter of practicality and fairness. Many have been here for years and have American children. At the same time, we should clamp down on new illegal immigration through tougher border controls and employer sanctions. Whatever one's views, any sensible debate requires accurate information. There's the rub. Among many analysts, journalists and politicians, it's politically or psychologically discomforting to discuss these issues candidly. Robert Greenstein, head of the Center on Budget and Policy Priorities, says his group focuses on short-term trends, where immigration's role isn't so apparent. Conveniently, that avoids antagonizing some of the center's supporters. Journalists are also leery of making the connection. Fifty-four reporters signed up for the center's briefing last week. With one exception (me), none asked about immigration's effect on poverty or incomes. But the evidence is hiding in plain sight, and the facts won't vanish just because we ignore them. http://www.nytimes.com/specials/downsize/21cox.html http://www.bls.gov/opub/mlr/1988/05/art1full.pdf http://www.frbsf.org/econrsrch/wklyltr/el97-07.html#winners http://www.dallasfed.org/fed/annual/1999p/ar95.html http://money.cnn.com/2005/05/25/pf/record_millionaires/index.htm?cnn=yes http://money.cnn.com/2005/09/28/news/economy/millionaire_survey/index.htm?cnn=yes http://money.cnn.com/2006/03/28/news/economy/millionaires/?cnn=yes http://www.heritage.org/Research/Labor/bg1773.cfm http://www.heritage.org/Research/PoliticalPhilosophy/BG791.cfm http://www.msnbc.msn.com/id/6214022/site/newsweek/ http://www.msnbc.msn.com/id/20603729/site/newsweek/?from=rss http://www.cis.org/articles/poverty_study/povstudy.pdf http://corner.nationalreview.com/post/?q=MWUwOTYzNjUwNmIzM2I3ZWEyMTE4MzJkZTJmODZmZmM= http://www.freerepublic.com/focus/f-news/1229294/posts
If we had not reversed economic policy in the early 1980s, how long would the 1970s problems have continued? Consider before you answer "well Volcker put the brakes on the money supply and that stabilized prices" - if the government's obstacles to natural economic growth had no been reduced, would Volcker's eliminating the government's artificial stimulus not have caused a much deeper recession? Politically could the Fed's interest rate policy have been maintained? Relative to the global demand for dollars, Volcker's policies were very restrictive - could the economy have rebounded as early as the second half of '83 if the private sector were not allowed to reinvest more of its earnings? http://www.donaldsensing.com/2003/09/economic-iconoclasm.html http://www.nytimes.com/specials/downsize/21cox.html http://www.bls.gov/opub/mlr/1988/05/art1full.pdf http://www.frbsf.org/econrsrch/wklyltr/el97-07.html#winners http://www.dallasfed.org/fed/annual/1999p/ar95.html http://money.cnn.com/2005/05/25/pf/record_millionaires/index.htm?cnn=yes http://money.cnn.com/2005/09/28/news/economy/millionaire_survey/index.htm?cnn=yes http://money.cnn.com/2006/03/28/news/economy/millionaires/?cnn=yes http://www.nytimes.com/2004/11/27/opinion/27brooks.html?ex=1259298000&en=3a3e75cbd69858d4&ei=5090&partner=rssuserland Grumpy stop lying.
How does expansionary monetary policy promote economic growth in the economy? How does expansionary monetary policy promote economic growth in the economy? Here is what I know: Expansionary monetary policy promotes the growth of money supply by purchasing government bonds, lowering the reserve requirement, and lowering the federal funds interest rate. But how does expansionary monetary policy expand economic growth? I dont get that at all, help please
How can Hillary talk about economic policy? When she can not even do the math that there is no way she can catch Obama to win the nomination. She would have to win every remaining state by more than 30%. How does she expect to do that when she is only ahead in the polls by only 7% and that is even after the Wright thing?
Is there a balance to be achieved in economic policy? An economy can have two extremes. On one side, it’s doing so well, that nobody needs the government for anything. There economy solves all the problems. On the other side, the economy is so poor, that society can’t function without government, the poor economy creates too many problems to be solved. How do we find the right balance? Where the government is not noticeable to the people who don’t need it, and the government helps the people who need it, not to need it anymore? Is this an illustration of “The Division” in our society? Dull Jon- That's beside the point. The government can only assume the effort is there. esponder- I agree, but how does that reflect in economic policy? ProudDemocrat- I agree at heart. But where do we balance that once job creation is not an issue. Once American companies are able to compete around the world WITH our labor? Overt Operative- I'm not sure where I stated that I thought the Government controlled the economy. And I'm aware that the governent taxes and subsidizes things and those are its primary influence on the economy. Maybe I didn't word this properly. I meant to suggest that the difference in economic realitites in our country serves as a division in our society, and to ask how people thought a balance could be achieved. I left taxes out of the question because i didn't want to get a bunch 'lower taxes at all costs people'.
Is there truly no substantial difference between a republican and democrat as to Foreign and Economic Policy? Seems the dems want us in Iraq as much as the republifascists and they just use different reasons.....any one understanding the psychology of the Good Cop/Bad Cop game should be suspicious. I do not like conspiracy theories but they do seem to work hand in glove alot as in the dems seldom undo republican policies all that much when power "shifts" WI the massive rebellion is anticipated and with the unPatriot Act tis much easier to nip such things in the bud....think about why the streets of Paris were rearranged and apply the analogy to Internet regulation and the use of child porn laws to regulate access and monitor use of ALL activity
Is it sound economic policy for bush to be flooding the US with massive amounts of counterfeit money? Can he really prevent his seven-year recession from sliding into a full-blown depression in his last year using this dishonest tactic? It doesn't appear to be propping up the faltering stock market any. All it has done is devalue the dollar to historic lows. If bush continues to print even more funny money in a desperate attempt to fix the economy, will the US experience the kind of nation-wrecking hyperinflation that Germany did in the 1920's?
What is a better example of an economic policy? Giving most of the tax breaks to the top 5% of Americans during a recession, so that they will "invest" in business and Wall Street? Or spreading out the tax breaks to the lower 95% of Americans during a recession so that they will spend the money on consumer goods, and add cash liquidity to stores and restaurants that need it during down times, which will prevent them from closing up and laying off employees? It seems like we are being offered 2 very different choices right now.
Would Obama take the Democrats backwords in economic policy? Like him or not, Bill Clinton was a centrist economically. In his speeches prior to becoming President Clinton highlighted the need for the party to embrace many "supply side" policys. Clinton led the charge for a balanced budget, and free trade agreements, which spelled prosperity and wealth creation during his tenure. None of this is heard from Obama. In fact, he has spoken out against free trade agreements, and, has offered little by way of knowing how many pro business growth initiatives he would support if President. So, is Obama going to take the Democrats back a generation?
How did Jimmy Carter affect our economic policy? Hey im just need some information on jimmy carter on how he changed ecomonic policy such as federal budget, social spending, defense spending, and taxtion policy. any links would help or if i could email or chat with someone. Thanks!
What trade policy would increase economic growth? If economic growth is caused by increasing the per capita, capital investment per worker (Von Mises), what trade policy would encourage capitalists (entrepreneurs) to invest their capital in the United States? Would free trade not encourage them to invest their capital in foreign nations where labor it cheaper and regulations less strict, and then freely import their products back to the United States? And since the dollars are being "repatriated" though the purchase of debt instruments (MBS and government debt primarily) how could free trade possibly be beneficial? (note: Please address my question, and do not go off on a tangent about specialization, which has nothing to do with my question and would occur no matter what trade policy is implemented.) Arcanum, Is that "investment" the purchase of existing assets, or is it the creation of new production centers (increasing the capital investment per worker)? It seems to me that the "re-investment" that is not simply financing our debt, is the purchase of existing assets which only result in the transfer of corporate profits to foreigners. Zehra M, Your answer does not address my question in any way, and I'm not asking a homework question. I'm trying to figure out how people compartmentalize and justify free trade based on the basic free market principle that growth comes from increasing the per capita, capital investment per worker. I'm starting to think that free trade advocates do not understand their own philosophy though.
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