The links between economic policy and economic growth are simultaneously obvious and obscure, with many factors interacting to influence the overall process. The list of relevant parameters affecting economic growth of interest to scholars and policymakers is lengthy and expanding. Although the importance of government policy is widely recognized,
This volume examines the outlook for renewable energy in electricity generation-particularly wind and solar power-as a substitute for conventional fuels such as coal and natural gas. Economist Benjamin Zycher evaluates the central arguments in favor of policies that would make way for broader use of renewables and concludes that all are deeply problematic. "Renewable" energy sources are not superior in cost to conventional fuels; nor are they less taxing on the environment. The popular argument that increased use of renewables will create "green jobs" is likewise a fallacy-because wind and solar power are costly and inefficient, the net economic impact is a negative one. Zycher concludes that resource-use behaviors emerging from market competition are the best guides to effective, sustainable energy policies.
This study examines economic policy tools with which the United States or NATO collectively might reduce the prospective political/military reliability of the non-Soviet Warsaw Pact (NSWP). It argues that growing long-term economic relations between the NSWP and the West could have just such an adverse effect on reliability from the Soviet viewpoint. Since a reduction in NSWP reliability is consistent with a strengthening of deterrence, promotion of growing economic ties with Eastern Europe may serve U.S. and NATO interests. This policy would differ from the current "differentiation" policy pursued by the United States in that it would not attempt to shape NSWP behavior through a system of positive and negative incentives. Instead, it would attempt to exacerbate Soviet concerns about NSWP political and military reliability by expanding economic ties between the NSWP and the West in a long-term evolutionary fashion. The author identifies four examples of areas for trade expansion with Eastern Europe: pollution control equipment, nuclear power safety equipment, medical supplies and equipment, and promotion of joint business ventures.
The allocation of burdens and responsibilities within NATO has been a contentious issue since the formation of the alliance. This report explores the reasons that European defense spending is proportionately less than that of the United States, and contrasts the European spending record with their more impressive record in supplying defense resources to the Atlantic Alliance. The analysis makes clear that there are no simple quantitative criteria for assessing burden-sharing performance. Changing perceptions of the Soviet threat, and the forthcoming 1992 change in the European Economic Community, complicate the burden-sharing issue. Burden-sharing must be addressed together with needed changes in NATO military strategy and doctrine, and in light of the new political challenge for NATO governments posed by the Soviet Union's new style of security diplomacy. A clearer consensus within NATO on a future force structure and military doctrine is essential for acceptable future burden-sharing arrangements.
The links between economic policy and economic growth are simultaneously obvious and obscure, with many factors interacting to influence the overall process. The list of relevant parameters affecting economic growth of interest to scholars and policymakers is lengthy and expanding. Although the importance of government policy is widely recognized,
The authors consider how and by how much China's stellar economic performance might be impaired by eight potential adversities that China may face in the next decade: unemployment, poverty, and social unrest; corruption; HIV/AIDS and epidemic diseases; water resource problems and pollution; energy consumption and prices; the fragile financial system and state-owned enterprises; curtailed foreign direct investment; and serious military conflicts.
This volume examines the outlook for renewable energy in electricity generation-particularly wind and solar power-as a substitute for conventional fuels such as coal and natural gas. Economist Benjamin Zycher evaluates the central arguments in favor of policies that would make way for broader use of renewables and concludes that all are deeply problematic. "Renewable" energy sources are not superior in cost to conventional fuels; nor are they less taxing on the environment. The popular argument that increased use of renewables will create "green jobs" is likewise a fallacy-because wind and solar power are costly and inefficient, the net economic impact is a negative one. Zycher concludes that resource-use behaviors emerging from market competition are the best guides to effective, sustainable energy policies.
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