BY DAVID M. HART THE RISE OF THE GLOBAL KNOWLEDGE ECONOMY AND THE CHALLENGES OF GOVERNANCE Over the past two or three decades, knowledge-intensive industries, such as semiconductor chip design and biotechnology-based drug discovery, have undergone a global restructuring. Globalization now extends beyond markets for goods, unskilled labor, and conventional finance into markets for technology, [...]
BY JOHANNA BOCKMAN In 1975, Soviet economist Leonid Kantorovich and American economist Tjalling Koopmans jointly won the Nobel Prize in Economics “for their contributions to the theory of optimum allocation of resources.”1 How could an economist of socialism and an economist of capitalism share this prestigious prize? Michael Bernstein, historian of the United States and Provost [...]
BY BASSAM HADDAD The state’s relationship with business communities can provide both detrimental and beneficial economic outcomes. One factor that impinges on successful development can be the state-business nexus. Is such underdevelopment a function of certain cultures? A study of how state and business actors come together in informal economic networks and shape patterns of [...]
BY CHRIS COYNE Among many other problems, the current U.S. occupation of Iraq suffers from a problem of incentive misalignment. From the beginning of the occupation, the United States made very clear its firm commitment to stay the course. This provided a disincentive to members of the Iraqi populace as well as to Iraq’s neighbors [...]
BY TYLER COWEN When Hollywood penetrates global markets, to what extent is American culture being exported? Or is a new global culture being created, above and beyond its specifically American origins? There is no simple answer to this question. Critics of cultural imperialism make two separate and partially contradictory charges. Some are unhappy with the [...]