Council of Councils
Think Global Health
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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January 1, 1999
Space
Space, Commerce, and National Security
Overview Throughout the past decade, space has become increasingly important to all aspects of American life. The information revolution now transforming both private activity and global commerce …
June 10, 1999
Financial Markets
Private Capital Flows, Emerging Economies, and International Financial Architecture
Overview Firms and development strategies based on a rear-view mirror view will leave companies, projects, and entrepreneurs scrambling for capital access. The control of capital in the developed …
October 7, 1999
Trade
The Diminishing Returns to Export-Led Growth
Overview In the 1970s and 1980s, there was a tremendous sea-change in development policy thinking, among both academic economists and policymakers. The inward-oriented, import-substitution strateg…
October 28, 1999
Financial Markets
The American Stock Market as a Financial Risk
Overview Developed nation policymakers will not likely have to deal with a US stock market decline that precipitates a global downturn. Most likely, guided by active, informed markets and sound go…
November 17, 1999
Trade
Who Decides? Congress and the Debate Over Trade Policy in 1934 and 1974
Introduction Governor Adlai E. Stevenson thought trade policy was boring; he once described it as one field where the greatest need is for fresh clichés. He had a point. In the long period that th…