Globalization & Development

Research

The Iceland and Ireland Banking Crises: Lessons for the Future David Howden \| Jul 24, 2012 The economic collapses of Iceland and Ireland after 2008 are the most severe in the developed world in recent history. This paper assesses five key differences in the causes of and responses to each country’s crisis.	U.S. Immigration Policy in the 21st Century Benjamin J. VanMetre, Joshua C. Hall, Richard K. Vedder \| Jan 2012 This article argues a new approach to immigration in that visas should not be allocated based on arbitrary political criteria but instead through the price system.
Do Subsidies Justify Retaliatory Protectionism? Donald J. Boudreaux \| Oct 07, 2011 In this journal article published by Economic Affairs, Don Boudreaux examines whether protectionism is justified if foreign governments are subsidizing export industries.	Taking Institutions Seriously John Nye \| Jun 21, 2011 This essay uses the Philippines as a case study to suggest what is wrong with leading development prescriptions.
What Aid Can’t Do Peter Leeson, David Skarbek \| Apr 26, 2011 Leeson and Skarbeck respond to Gustav Ranis' main objections to their article previously published in the Cato Journal.	Out with the BRICs, Time for the TIMBIs Jack Goldstone \| Feb 18, 2011 The last decade has seen the arrival of emerging markets, and investors and pundits alike have shown unbounded excitement about the BRICs—Brazil, Russia, India, and China—as the new sources of the world’s economic growth. However, a focus on the BRICs is already out of date. In half of these countries, demographic patterns have shifted, and the future of the world’s growth now looks set to come from a different set of emerging economies, the TIMBIs: Turkey, Indonesia, Mexico, Brazil, and India.

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Testimony & Comments

Strengthening Economic Freedom: Natural Resource Indicators and Economic Growth

Daniel M. Rothschild, Frederic Sautet, Kyle McKenzie | Oct 26, 2006

In this policy comment submitted to the Millennium Challenge Corporation (MCC), the Mercatus Center reflects on the first three years of the MCC and evaluates the potential of two proposed "natural…

Research Summaries & Toolkits

Yes Africa Can

Karol Boudreaux | Apr 28, 2010

In this research summary published by the World Bank, Karol Boudreaux explores the economic success Rwanda has seen by liberalizing their coffee sector.

Speeches & Presentations

Frederic Sautet on Voice of America Frederic Sautet \| Jun 09, 2005 Frederic Sautet on Voice of America…	Iraq: Physical and Political Security: Toward an Exit Strategy \| Nov 10, 2003 From the conference "America's Role as Nation Builder: Lessons Learned and Applied to Iraq." Discussion in this session revolved around concerns of nation building experts and practitioners.
The Bush Administration's Strategy in Iraq Tim Roemer \| Nov 04, 2003 Remark by Deputy Secretary of Defense Paul Wolfowitz on the topic of the Bush administration's strategy in Iraq.	Toward Legitimacy: Strategic Institution Building Jack Goldstone, Maurice P. McTigue, Vernon Smith \| Nov 04, 2003 Maurice McTigue, Vice President of Mercatus, Vernon Smith, Mercatus Center Fellow, and Jack Goldstone, Mercatus Center Fellow, participate in a panel discussion concerning reconstruction in Iraq.
America's Role as Nation Builder: Lessons Learned and Applied to Iraq: Introduction Paul Edwards \| Nov 03, 2003 Introductory remarks from the Mercatus Center conference entitled "America's Role as Nation Builder: Lessons Learned and Applied to Iraq."

Expert Commentary

To Fight Pandemics, Reward Research The New York Times By Tyler Cowen \| May 04, 2013 That frightening word “pandemic” is back in the news. A strain ofavian influenza has infected people in China, with a death toll of more than 25 as of late last week. The outbreak raises renewed questions about how to prepare for possible risks, should the strain become more easily communicable or should other deadly variations arise.	World Hunger: The Problem Left Behind The New York Times By Tyler Cowen \| Sep 15, 2012 For all its importance to human well-being, agriculture seems to be one of the lagging economic sectors of the last two decades. That means the problem of hunger is flaring up again, as the World Bank and several United Nations agencies have recently warned.
The Work of Friedrich Hayek Shows Why EU Governments Cannot Spend Their Way Out of the Eurozone Crisis London School of Economics: European Politics and Policy Blog By Steven Horwitz \| Aug 22, 2012 The most powerful argument against more stimulus comes from Friedrich Hayek and the Austrian school. The key to their view is their understanding that economic resources, whether capital or labour, are not fungible. That is, capital goods and human beings have a multiple, though not infinite, number of ways they can contribute productively to the value creation process.	Two Prisms for Looking at China’s Problems The New York Times By Tyler Cowen \| Aug 11, 2012 China is confronting some serious economic problems, and how Beijing does — or doesn’t — respond to them could bend the course of the global economy…
A Ploy for Poverty The New York Times By Donald J. Boudreaux \| Aug 06, 2012 That the assembly of most of our consumer goods is done abroad is a blessing for America. Most of our workers have better-paying options.	Never Mind Europe. Worry About India By Tyler Cowen \| May 09, 2012 The economic slowdown in India is one of the world’s biggest economic stories, but it is commanding only a modicum of attention in the United States.

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Charts

Growth in U.S. Export-Import Bank Authorizations

The Ex-Im Bank’s facade of boosting exports and creating jobs is not well supported by its own data. The actual effect of the bank’s activity is the creation of perverse incentives, moral hazards, and inefficient outcomes that has become a fund for corporate welfare. It is worth questioning whether the United States, with mounting debt problems and the possible expiration of the Ex-Im Bank’s reauthorization, needs yet another agency to subsidize companies with taxpayers picking up the tab.

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Experts

Paul Dragos Aligica

Paul Dragos Aligica is a Senior Research Fellow at the Mercatus Center, and Senior Fellow at the F. A. Hayek Program for Advanced Study in Philosophy, Politics and Economics at George Mason University.

Donald J. Boudreaux

Donald J. Boudreaux is a professor of economics at George Mason University.

Karol Boudreaux

Karol Boudreaux is an affiliated senior research fellow at the Mercatus Center. Her primary research interests are the institutional analysis of property rights, land tenure, natural resource management, and international development.

Tyler Cowen

Tyler Cowen is the general director at the Mercatus Center and the Holbert C. Harris Professor of Economics at George Mason University.

Christopher Coyne

Christopher Coyne is Associate Director of the F. A. Hayek Program for Advanced Study in Philosophy, Politics and Economics. He also holds the title of F.A. Harper Professor of Economics at the Mercatus Center and he is a member of the department of economics at George Mason University where he serves as the Director of Graduate Studies.

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Videos

Steve Horwitz Explain why Government is not the answer to Natural Disasters on Sun News Network

Steven Horwitz | November 02, 2012

Keith Hall Discusses the Latest Jobs Numbers on FBN

Keith Hall | November 02, 2012

Podcasts

Jack Goldstone Discusses American Foreign Policy in Afghanistan on WWL

Jack Goldstone | October 12, 2012

Jack Goldstone Discusses American Foreign Policy in Afghanistan on WWL.

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Recent Events

Alternative Futures: Hilton Root on the Waning of Liberal Internationalism and the Resurgence of Global Governance Diversity

The present institutional structure of the international system does not provide sufficient stimulus for transition to republican democracy as liberal optimists hope. Neither does liberal…

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Books

The Cultural and Political Economy of Recovery: Social Learning in a Post-disaster Environment

Emily Chamlee-Wright | Feb 16, 2010

This book seeks to understand how people cultivate strategies for recovery when the answers are not obvious; when a genuine process of discovery is required; and at points when the social…

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More Media Clippings

The Iceland and Ireland Banking Crises: Lessons for the Future David Howden \| Jul 24, 2012 The economic collapses of Iceland and Ireland after 2008 are the most severe in the developed world in recent history. This paper assesses five key differences in the causes of and responses to each country’s crisis.	U.S. Immigration Policy in the 21st Century Benjamin J. VanMetre, Joshua C. Hall, Richard K. Vedder \| Jan 2012 This article argues a new approach to immigration in that visas should not be allocated based on arbitrary political criteria but instead through the price system.
Do Subsidies Justify Retaliatory Protectionism? Donald J. Boudreaux \| Oct 07, 2011 In this journal article published by Economic Affairs, Don Boudreaux examines whether protectionism is justified if foreign governments are subsidizing export industries.	Taking Institutions Seriously John Nye \| Jun 21, 2011 This essay uses the Philippines as a case study to suggest what is wrong with leading development prescriptions.
What Aid Can’t Do Peter Leeson, David Skarbek \| Apr 26, 2011 Leeson and Skarbeck respond to Gustav Ranis' main objections to their article previously published in the Cato Journal.	Out with the BRICs, Time for the TIMBIs Jack Goldstone \| Feb 18, 2011 The last decade has seen the arrival of emerging markets, and investors and pundits alike have shown unbounded excitement about the BRICs—Brazil, Russia, India, and China—as the new sources of the world’s economic growth. However, a focus on the BRICs is already out of date. In half of these countries, demographic patterns have shifted, and the future of the world’s growth now looks set to come from a different set of emerging economies, the TIMBIs: Turkey, Indonesia, Mexico, Brazil, and India.

Frederic Sautet on Voice of America Frederic Sautet \| Jun 09, 2005 Frederic Sautet on Voice of America…	Iraq: Physical and Political Security: Toward an Exit Strategy \| Nov 10, 2003 From the conference "America's Role as Nation Builder: Lessons Learned and Applied to Iraq." Discussion in this session revolved around concerns of nation building experts and practitioners.
The Bush Administration's Strategy in Iraq Tim Roemer \| Nov 04, 2003 Remark by Deputy Secretary of Defense Paul Wolfowitz on the topic of the Bush administration's strategy in Iraq.	Toward Legitimacy: Strategic Institution Building Jack Goldstone, Maurice P. McTigue, Vernon Smith \| Nov 04, 2003 Maurice McTigue, Vice President of Mercatus, Vernon Smith, Mercatus Center Fellow, and Jack Goldstone, Mercatus Center Fellow, participate in a panel discussion concerning reconstruction in Iraq.
America's Role as Nation Builder: Lessons Learned and Applied to Iraq: Introduction Paul Edwards \| Nov 03, 2003 Introductory remarks from the Mercatus Center conference entitled "America's Role as Nation Builder: Lessons Learned and Applied to Iraq."

To Fight Pandemics, Reward Research The New York Times By Tyler Cowen \| May 04, 2013 That frightening word “pandemic” is back in the news. A strain ofavian influenza has infected people in China, with a death toll of more than 25 as of late last week. The outbreak raises renewed questions about how to prepare for possible risks, should the strain become more easily communicable or should other deadly variations arise.	World Hunger: The Problem Left Behind The New York Times By Tyler Cowen \| Sep 15, 2012 For all its importance to human well-being, agriculture seems to be one of the lagging economic sectors of the last two decades. That means the problem of hunger is flaring up again, as the World Bank and several United Nations agencies have recently warned.
The Work of Friedrich Hayek Shows Why EU Governments Cannot Spend Their Way Out of the Eurozone Crisis London School of Economics: European Politics and Policy Blog By Steven Horwitz \| Aug 22, 2012 The most powerful argument against more stimulus comes from Friedrich Hayek and the Austrian school. The key to their view is their understanding that economic resources, whether capital or labour, are not fungible. That is, capital goods and human beings have a multiple, though not infinite, number of ways they can contribute productively to the value creation process.	Two Prisms for Looking at China’s Problems The New York Times By Tyler Cowen \| Aug 11, 2012 China is confronting some serious economic problems, and how Beijing does — or doesn’t — respond to them could bend the course of the global economy…
A Ploy for Poverty The New York Times By Donald J. Boudreaux \| Aug 06, 2012 That the assembly of most of our consumer goods is done abroad is a blessing for America. Most of our workers have better-paying options.	Never Mind Europe. Worry About India By Tyler Cowen \| May 09, 2012 The economic slowdown in India is one of the world’s biggest economic stories, but it is commanding only a modicum of attention in the United States.