Partners or predators? : the impact of regional trade liberalization on Indonesia

The authors empirically assess regional integration and liberalization scenarios impact on Indonesia and other Pacific Rim economies, including the complete Uruguay Round, further global liberalization and the creation of the Association of Southeast Asian Nations (ASEAN) or Asia-Pacific Economic Cooperation (APEC) free trade areas. They consider how major international exchange rate realignments affect the world trade pattern, and Indonesia in particular. The analysis uses a multi-country, computable general equilibrium (CGE) model to quantify the trade liberalization impact on countries, sectors, and factors. The extended APEC-CGE model consists of nine linked country models: Indonesia, Malaysia, and Singapore (together), the Philippines, Thailand, China (including Hong Kong), Korea and Taiwan, Japan, the United States and the European Union. Each country model is linked through explicit bilateral trade flows modeling for each traded sector. The empirical results lead to several conclusions: a) eliminating tariff and non tariff barriers in industrial countries (especially the Multifibre Agreement) gives Asian developing countries the opportunity to expand exports and achieve productivity gains; b) creation of an APEC free trade area gives participants significant benefits, with little effect on nonmembers while creation of an ASEAN free trade area gives its members little benefit, thus ASEAN countries should work toward more liberalization under GATT or hasten the APEC free trade area creation; c) all economies gain the most from further multilateral liberalization; and d) major exchange rate realignments significantly affect bilateral trade balances and world trade volume and direction. However, they have less effect than trade liberalization on the internal production and trade structure. Sectoral protection andsubsidy rates vary greatly and their elimination yields significant efficiency gains. Changes in exchange rates have less effect.Trade Policy,Environmental Economics&Policies,Payment Systems&Infrastructure,Economic Theory&Research,Transport and Trade Logistics,TF054105-DONOR FUNDED OPERATION ADMINISTRATION FEE INCOME AND EXPENSE ACCOUNT,Economic Theory&Research,Environmental Economics&Policies,Trade and Regional Integration,Trade Policy

After the negotiations: assessing the impact of free trade agreements in Southern Africa

After protracted and difficult negotiations, agreement was recently reached on the dimensions of a South African-EU free trade deal. Because of South Africa's prominence in the sub-region, implementation of this agreement will have an impact not only on South Africa, but on all the SADC economies. This paper traces how this impact may be felt over time, using a multi-region model constructed to focus on the determination of sectoral and geographic trade patterns. By separatelymodeling South Africa and the rest of southern Africa, the model can be used to evaluate how alternative SADC regional trade strategies can influence how the EU deal affects the region's economies; by distinguishing among major trading partners (EU, North America, East Asia), the simulations can help illuminate how the trade deal will likely affect current trade patterns The empirical results lead to a number of conclusions: (1) trade creation dominates trade diversion for the region under all FTA arrangements; (2) the rest of southern Africa benefits from an FTA between the EU and South Africa — the recently signed bilateral agreement is not a “beggar thy neighbor” policy; (3) the rest of southern Africa gains more from zero-tariff access to EU markets than from a partial (50 percent) reduction in global tariffs; and (4) the South African economy is not large enough to serve as a growth pole for the region. Access to EU markets provides substantially bigger gains for the rest of southern Africa than does access to South Africa.Trade policy Africa., Free trade., South Africa.,

Policy lessons from a simple open - economy model

The authors show how two-sector models can be used to derive policy lessons about adjustment in developing economies. In the past two decades, changes in the external environment and in economic policies have been the key factors in the performance of developing economies. By and large the shocks have involved the external sector: terms-of-trade shocks or cutbacks in foreign capital. The policy responses most commonly proposed have targeted the external sector: depreciating the real exchange rate or reducing distortionary taxes to make the economy more competitive. The authors provide a starting point for analyzing the relation between external shocks and policy responses. Starting from a small, one-country, two-sector, three-good (1-2-3) model, the authors outline how the effects of a foreign capital inflow and terms-of-trade shock can be analyzed. They derive the assumptions underlying the conventional policy recommendation of real exchange rate depreciation in response to adverse shocks. The implications of such trade and fiscal policy instruments as export subsidies, import tariffs, and domestic indirect taxes can also be studied in this framework. The authors show that the standard advice to depreciate the real exchange rate in the wake of an adverse terms-of-trade shock rests on the condition that the income effect of the external shock dominates its substitution effect. But, depending on the characteristics of the economy (for example, the trade elasticities), policy results may run counter to received wisdom. For example, when the substitution effect ofan adverse external shock dominates, real depreciation is inappropriate. An infusion of foreign capital does not necessarily benefit the nontradable sector, as the results of"Dutch disease"models suggest (for example, in the extreme case of nearly infinite substitution elasticity between imports and domestic goods). When import tariffs are significant sources of public revenue, potential revenue losses from tariff cuts must be offset by other revenue sources to maintain the external current account balance. The paper shows a simple way to calculate the necessary tax adjustment. A major advantage of small models is their simplicity. The example in this paper can be solved analytically - either graphically or algebraically. It also can be solved numerically, using such widely available PC-based spreadsheet programs as Excel. The numerical implementation involves only modest data requirements. The data that governments normally release on national income, fiscal, and balance of payments accounts are sufficient.Environmental Economics&Policies,Economic Theory&Research,Economic Stabilization,TF054105-DONOR FUNDED OPERATION ADMINISTRATION FEE INCOME AND EXPENSE ACCOUNT,Markets and Market Access

The Mismeasurement of Mobility for Walkable Neighborhoods

The major US household travel surveys do not ask the right questions to understand mobility in Walkable Neighborhoods. Yet few subjects can be more important for sustainability and real economic growth based on all things of value, including sustainability, affordability, and quality of life. Walkable Neighborhoods are a system of land use, transportation, and transportation pricing. They are areas with attractive walking distances of residential and local business land uses of sufficient density to support enough business and transit, with mobility comparable to suburbia and without owning an auto. Mobility is defined as the travel time typically spent to reach destinations outside the home, not trips among other destinations that are not related to the home base. A home round trip returns home the same day, a way of defining routine trips based on the home location. Trip times and purposes, taken together, constitute travel time budgets and add up to total travel time in the course of a day. Furthermore, for Walkable Neighborhoods, the analysis focuses on the trips most important for daily mobility. Mismeasurement consists of including trips that are not real trips to destinations outside the home, totaling 48 percent of trips. It includes purposes that are not short trips functional for walk times and mixing of different trips into single purposes, resulting in even less useful data. The surveys do not separate home round trips from other major trip types such as work round trips and overnight trips. The major household surveys collect vast amounts of information without insight into the data needed for neighborhood sustainability. The methodology of statistics gets in the way of using statistics for the deeper insights we need. Household travel surveys need to be reframed to provide the information needed to understand and improve Walkable Neighborhoods. This research makes progress on the issue, but mismeasurement prevents a better understanding of the issue

Message, Messenger, and Response: Puritan Forms and Cultural Reformation in Harriet Beecher Stowe's Uncle Tom's Cabin

I don't remember the first time I read Uncle Tom's Cabin. However, while in high school, I participated in a summer production of the play in a park, an activity as American as a Puritan election day sermon. From a makeshift orchestra pit, cardboard chunks of ice attached to sticks waved up and down as Eliza ran across the Ohio River. In maturity, I returned to the book as suggested research in a Puritan studies seminar. Puzzled, I examined the book anew and my life story acquired a new chapter. Paper ice and drama novices do not make a revolution. But Uncle Tom's Cabin did, and became the first international best-seller, as well. I had to know why. While feminist scholarship has recovered Harriet Beecher Stowe for American literature, its various approaches to her masterpiece do not adequately explain the nineteenth-century response to her novel. Because of Puritanism's influence upon American culture, it~ connections to nineteenth-century sentimentality with subsequent implications for audience response began to form in my analysis. The riddle gradually subsided as I erected the framework for my thought; welcome to my Puritan construction of sentimentality in Uncle Tom's Cabin, the epic melodrama.Englis

Promises

Photograph of Charles Lawman; Illustration of leaves in grey strip bordered by light blue stripshttps://scholarsjunction.msstate.edu/cht-sheet-music/12358/thumbnail.jp

He\u27s So Unusual

Photograph of a woman and illustrations of dancers beneath.https://scholarsjunction.msstate.edu/cht-sheet-music/3017/thumbnail.jp

Clostridium difficile in the ICU

Clostridium difficile has become an increasingly common infectious agent in the healthcare setting. It is generally associated with antibiotic use and causes diarrhea as well as other complications such as pseudomembranous colitis (PMC) and toxic megacolon. This organism poses a serious threat to patients in the intensive care unit (ICU) as it increases hospital length of stay, morbidity, and mortality. Recurrence rates are typically higher in the ICU population as those patients usually have immunocompromised systems, more exposure to antibiotics and proton pump inhibitors, loss of normal nutritional balance, and alterations in their colonic flora. Emergence of more virulent and pathogenic strains has made combating the infection even more difficult. Newer therapies, chemotherapeutic agents, and vaccinations are on the horizon. However, the most effective treatments to date are ceasing the inciting agent, reduction in the use of proton pump inhibitors, and prevention of the disease. In this chapter, we will explore the risk factors, diagnosis, treatment, and prevention of C. difficile infections (CDI) in the ICU

One-loop approximation for the Heisenberg antiferromagnet

We use the diagram technique for spin operators to calculate Green's functions and observables of the spin-1/2 quantum Heisenberg antiferromagnet on a square lattice. The first corrections to the self-energy and interaction are taken into account in the chain diagrams. The approximation reproduces main results of Takahashi's modified spin-wave theory [Phys. Rev. B 40, 2494 (1989)] and is applicable in a wider temperature range. The energy per spin calculated in this approximation is in good agreement with the Monte Carlo and small-cluster exact-diagonalization calculations in the range 0 <= T < 1.2J where J is the exchange constant. For the static uniform susceptibility the agreement is good for T < 0.6J and becomes somewhat worse for higher temperatures. Nevertheless the approximation is able to reproduce the maximum in the temperature dependence of the susceptibility near T = 0.9J.Comment: 15 pages, 6 ps figure

I Love To Bumpity Bump

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