JOSEPH BIDEN’S NEW ECONOMIC POLICY: GLOBAL DIMENSION

Global Warming Policy: Some Economic Implications

Many analysts believe that adverse climate changes in the form of global warming are— or soon will be—under way as the result of anthropogenic emissions of greenhouse gases. (See the box entitled “What Is Global Warming?”) The largest such source of these gases is carbon dioxide (CO2) resulting from the growing consumption of fossil fuels (petroleum products, natural gas, and coal). Consequentl...

Global Value Chains: Economic and Policy Issues

In the past few years, a fairly substantial literature has emerged addressing the phenomenon of global value chains (GVCs). While one can find various definitions of GVCs, the simple concept proposed by Lunati (2007) seems to capture the spirit of most definitions. Namely, GVCs are international supply chains characterized by fragmentation of production activities across sites and borders. In e...

New BMJ policy on economic evaluations

New BMJ policy on economic evaluations.

Editor—We, the NHS Economic Evaluation Database Research Team, agree with Smith that economic evaluations should contain comprehensive reporting of both clinical effectiveness and economic analysis and that the BMJ is right to implement this new policy. How the clinical trial results (which inform the economic evaluation) are obtained is often paramount to the understanding and quality of the e...

Regional policy in the global economy: Insights from New Economic Geography

So far the contribution of New Economic Geography (NEG) has been mainly positive. Normative analysis and policy implications have lagged behind. The reason is the fear of the consequences of taking too literally the neat structure of the models. Under this respect the somewhat incautious aim of this paper is precisely to take NEG models literally and ask what their exact policy implications are...