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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 …

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Report by Frank G. Klotz

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 …

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Report by Glenn Yago

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…

Report by Robert Dugger, Robert McNally, and Richard Medley

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…

Report by Susan Ariel Aaronson

December 1, 1999

Emerging Markets
Building the Financial Infrastructure for Middle Class Emerging Economies

Overview The export-led growth model for emerging economies is driven by their need to service external debt and build foreign exchange reserves. It has foundered in the aftermath of financial cri…

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Report by Jane D'Arista