Global Strategic Assessment Chapter 1: Economic Power

Global Strategic Assessment: Chapter 1
The Global Redistribution of Economic Power

I.Definition of Economic Power

A) Globalization

The Globalization Website: Emory University

Global Issues

Google Books: Globlalization Issues

B) Measurement

US Bureau of Economic Analysis
Estimates GDP and Personal Income for the US on national, regional and industry levels.

US Bureau of Labor Statistics
Estimates employment levels, inflation rates and average wages and salaries for the US and the states.

US Census Bureau
Gathers demographic and economic data for the US and its regions.

US Census Bureau: American Community Survey
Provides detailed demographic information on the US and its communities. Replaces the "long form" of the decennial census with an on-going survey.

Board of Governors, US Federal Reserve System
Statistics for the US banking and monetary system, gathered by the Federal Reserve System.

OECD
International economic organization with 30 member countries, including the most industrialized states in the world. Collects and publishes economic and demographic statistics from each of its member states.

National Bureau of Economic Research
US non-profit economic research institute dedicated to theoretical and empirical analysis of economics and economic trends.

Economic Intelligence Unit (EIU)(Available via Library Intranet)
Country analysis and economic data for 117 nations published by The Economist news journal.

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II.Finance

US Bond Market
US Bond Market Overview: The US bond market is one of the largest in the world. Although the returns from the bonds available are limited, the level of risk is comparatively lower than investments made in the stock market.

Investing in Bonds
The Securities Industry and Financial Markets Association (SIFMA) primer on investing in bonds for novice to expert investors.

Exchange Rates
Currency Converter
Forex Guide to Currency Rates

Trade Balance:
Trade Balance: Wikipedia
Census Foreign Trade Balance
BEA Balance of Payments

National Debt:
Treasury Direct
The U.S. National Debt and How It Got So Big
U.S. National Debt Tops Debt Limit

Books (Available from Pentagon Library Catalog)

Levine, Robert A. Adjusting to Global Economic Change: the Dangerous Road Ahead. Santa Monica, CA: Rand, 2009. Q180 .A1 R15 no.243.
Ferguson, Nail. The Ascent of Money: Financial History of the World. New York: Penguin Press, 2008. HG171 .F47 2008
Sobek, David. The Causes of War. Cambridge: Polity Press, 2009. U21.2 .S6375.

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III.Financial Crisis, 2008-2009

Baker, D. The Housing Bubble and the Financial Crisis, Real-world Economics Review, issue no. 46.

Crisis and Responses: the Federal Reserve and the Financial Crisis of 2007-2008, National Bureau of Economic Research (NBER)

Fiscal Days of Reckoning, C. Eugene Steuerle, Urban Institute, Nov. 12, 2009

When Safe Proved Risky: Commercial Paper During the Financial Crisis of 2007-2009 (NBER)

Is the 2007 U.S. Sub-Prime Financial Crisis So Different? An International Historical Comparison (NBER)

“Square-Root Reversal” The Economist Nov. 13, 2009
Analysis of US economic recovery for 2010. "America will recover, but too weakly for comfort."

Public Law 110-343: Troubled Asset Relief Program (TARP)

President-Elect Obama's Tax and Stimulus Plans, Roberton Williams, Urban Institute Tax Policy Center, Jan. 08, 2009

Books (Available from Pentagon Library Catalog)

Galbraith, John Kenneth, The Great Crash, 1929. Boston: Houghton Mifflin, 1955. HB3717 1929 .G14

Kindleberger, Charles P. A Financial History of Western Europe. New York: Oxford University Press, 1993. HG186 .A2 K56 1993

Mallaby, Sebastian. The World's Banker: A Story of Failed States, Financial Crises, and the Wealth and Poverty of Nations. New York: Penguin Press, 2004. HG3881.5.W57 M35 2004

Google Books: US Financial Crisis 2008

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IV.Structure

Federal Reserve Board
Founded in 1913, the Federal Reserve System is the central bank of the United States and works toward making a safer, more flexible, and stable monetary and financial system. Federal Reserve Board Bulletin—online digital access

International Monetary Fund
The International Monetary Fund (IMF) is an organization of 186 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

United Nations
The United Nations is an international organization committed to peace, respect for treaties and international law, social progress, tolerance, and economic and social advancement of all peoples.

UN Oil for Food
The United Nations Oil-for-Food Program has been described as both a tremendous success and a dismal failure. While the
program did improve the humanitarian situation in Iraq, it also permitted Saddam Hussein to steal from his own people billions
of dollars that were desperately needed.

World Bank
The World Bank is an organization that serves as source of financial and technical assistance to developing countries around the world. The World Bank is not a bank in the common sense but consists of two development institutions owned by 186 member countries: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).

Books (Available from Pentagon Library Catalog)

Boughton, James M. and K. Sarwar Lateef, ed. Fifty Years After Bretton Woods: The Future of IMF and the World Bank: Proceedings of a Conference Held in Madrid, Spain, September 29-30, 1994. Washington, D.C.: International Monetary Fund, 1995. HG 3881.5 .W57 B68

Bryant, Ralph C. Crisis Prevention and Prosperity Management for the World Economy. Washington, D.C.: Brookings Institution Press, 2004. HG3891 .B788

Bryant, Ralph C. Turbulent Waters: Cross-Border Finance and International Governance. Washington D.C.: Brookings Institution Press, 2003. HG3891 .B793

Dent, Martin and Bill Peters. Poverty and Debt in the Third World: Confronting a Global Crisis. Leamington Spa, Warwickshire [England]: Research Institute for the Study of Conflict and Terrorism, 1998. JZ5595 .C77 no. 310

ECOSOC Ad Hoc Advisory Groups on African Countries Emerging from Conflict: the Silent Avant-Garde. New York: United Nations, 2006. JZ5584 .A35 P73

Governance in a Globalizing World. Washington, D.C. : Brookings Institution Press, 2000. JZ1318 .G68

Governance: the World Bank’s Experience. Washington, D.C.: The World Bank, 1994. HG3881.5 .W57 I57

Kreimer, Alcira… et. Al. The World Bank’s Experience with Post-Conflict Reconstruction. Washington, D.C.: World Bank, 1998. HG3881.5 .W57 W6949

Stremlau, John and Francisco R. Sagasti. Preventing Deadly Conflict: Does the World Bank Have a Role? Washington, D.C.: Carnegie Corporation of New York, 1998. JZ5595 .S73

The World Bank Annual Report. Washington, D.C.: International Bank for Reconstruction and Development/World Bank, 2007- HG3881 .I6 141

World Economic and Social Survey 2008: Overcoming Economic Insecurity. New York: United Nations, 2008. REF HC 59 .A169

World Economic Outlook: Crisis and Recovery. Washington, D.C.: International Monetary Fund, April 2009. HC 59 .W64

Articles

Altman, Roger C… et al. "Essays: Globalization in Retreat and More." Foreign Affairs 88.4 ( July/August 2009). CIAO.

Authers, John. "Question of Maturity in Developing Economies." Financial Times, London (24 Oct. 2009): 16. Proquest.

Bradford, Colin I. and Johannes F. Linn. "Global Economic Governance at a Crossroads: Replacing the G-7 with the G-20." Brookings Institution Policy Brief 131 (April 2004): 1-8. http://www.brookings.edu.

Geithner, Timothy F. "The United States and the G-20." FDCH Congressional Testimony, Committee on Senate Foreign Relations (17 Nov. 2009). EbscoHost Military and Government Relations.

Griesgraber, Jo Marie. "Reforms for Major New Roles of the International Monetary Fund? The IMF Post—G-20 Summit." Global Governance 15.2 (April-June 2009): 179(7). Gale Academic OneFile.

"Latin America: Heavy Capital Inflows Reflect Brazil’s Growing Influence in the World Economy." Emerging Markets Weekly (26 Oct. 2009): 1. ABI/INFORM Global.

Stephenson, Harvey. "U.S. Debt and Sovereign Wealth Funds." The Brown Journal of World Affairs 14.2 (Spring 2008): 175(7).

Thimann, Christian, Christian Just, and Raymond Ritter. "Strengthening the Governance of the International Monetary Fund: How a Dual Board Structure Could Raise the Effectiveness and Legitimacy of a Key Global Institution." Global Governance 15.2 (April-June 2009): 187(7). Gale Academic OneFile.

Weiss, Thomas G. "Toward a Third Generation of International Institutions: Obama’s UN Policy." The Washington Quarterly 32.3 (2009): 141-162. CIAO.

Zakaria, Fareed. "The Secrets of Stability: Why Terrorism and Economic Turmoil Won’t Keep the World Down For Long." Newsweek54.25 (21 Dec. 2009). Proquest Academic.

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V.Security

Bottom Billion Blog
"Brings together the latest news, opinions and case studies from across Africa and other countries of the Bottom Billion. With regular contributions from Paul Collier and others, the blog covers topics ranging across economics, business and technology and showcases exciting and emerging African opportunities.”

Center for Global Development
The Center for Global Development is an independent, nonprofit policy research organization that is dedicated to reducing global poverty and inequality and to making globalization work for the poor. Through a combination of research and strategic outreach, the Center actively engages policymakers and the public to influence the policies of the United States, other rich countries, and such institutions as the World Bank, the IMF, and the World Trade Organization to improve the economic and social development prospects in poor countries.”

Corruption (Brookings Institution)
Developing Countries (Brookings Institution)

Financial Crisis (World Bank)

Global Policy Forum
An independent policy watchdog that monitors the work of the United Nations and scrutinizes global policymaking. GPF works particularly on the UN Security Council, the food and hunger crisis, and the global economy. "We promote accountability and citizen participation in decisions on peace and security, social justice and international law.”

Next Billion Development Through Enterprise
"NextBillion.net is a website and blog bringing together the community of business leaders, social entrepreneurs, NGOs, policy makers and academics who want to explore the connection between development and enterprise.”

UNCTAD (United Nations Conference on Trade and Development)
Established in 1964, UNCTAD promotes the development-friendly integration of developing countries into the world economy. UNCTAD has progressively evolved into an authoritative knowledge-based institution whose work aims to help shape current policy debates and thinking on development, with a particular focus on ensuring that domestic policies and international action are mutually supportive in bringing about sustainable development.

Security The WWW Virtual Library: International Affairs Resources
"Internet directory of over 2000 annotated links to high-quality English-language sources of information and analysis in a wide range of international affairs, international studies, and international relations topics. These sites are carefully selected for their long-term value, favoring those with cost-free, authoritative information and analysis online.” Site is maintained by Wayne A. Selcher, Professor Emeritus, Dept. of Political Science, Elizabethtown College, PA.

Books (Available from Pentagon Library Catalog)

Collier, Paul. The Bottom Billion: Why the Poorest Countries are Failing and What Can Be done About It. New York, Oxford University Press, 2007. HC79 .P6 C634 2007

Crane, Keith and others. Guidebook for Supporting Economic Development in Stability Operations. Santa Monica, CA: Rand, 2009. Also available online at: http://www.rand.org/pubs/technical_reports/TR633/ Q180 .A1 R30 no.633. Publication is designed to help U.S. Army personnel more effectively use economic assistance to support economic and infrastructure development.

Diamond, Jared. Collapse: How Societies Choose to Fail or Succeed. New York, Viking, 2005. HN13.D5 2005

Articles

Berlinski, Claire. "The Dark Figure of Corruption." Policy Review 155 (June/July 2009): 71(11). Proquest.

Goldstone, Jack A. "The New Population Bomb." Foreign Affairs 89.1 (Jan/Feb 2010): 31(13). Proquest.

Gottselig, Glenn. "Still the Bottom Billion: Glenn Gottselig Interviews Oxford Economist Paul Collier." Finance & Development 46.2 (Jun 2009): 4(4). Proquest.

Heeks, Richard. "Emerging Markets: IT and the World's 'Bottom Billion'." Communications of the ACM 52.4 ( 2009): 22-24. Ebsco Academic Search Complete.

Ksenia, Gerasimova. "Can Corruption and Economic Crime be Controlled in Developing Countries and if so, is it Cost-Effective?" Journal of Financial Crime15.2 (2008): 223. Proquest.

Suggested search terms for the Library Intranet databases: Bottom Billion Least Developed or Less-Developed Countries or LDCs The above terms can linked i.e. LDCs and government corruption, LDCs and poverty, LDCs and globalization

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VI. Protectionism

Articles

Miller, Vincent H. and James Elwood. Free Trade or Protectionism, International Society for Individual Liberty.

Applebaum, Anne. Protectionism Anew, Washington Post, 16 Feb. 2009.

China’s Indigenous Innovation Product System Raises Deep Concerns for Protectionism & Innovation.

The New Protectionism, Financial Times.

Bown, Chad P. Protectionism Exposed “A New Database Tracks Emerging Threats to Trade”, Wall Street Journal, 5 Aug. 2009.

Chinese President: Protectionism Will Not Solve Crisis, CNN, 13 Nov. 2009.

Saad, Lydia, Americans See Protectionism, Tax Cuts as Ways to Create Jobs, Gallup, 2 Dec. 2009.

Federal Reserve Bank of Dallas: Economic Insights
Economic Protectionism, Feb. 2001.

Knowledge @ Wharton: Trade Wars: Will Protectionism Win Out Over Recovery?, 19 Feb. 2009.