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Global Economy
< Resources for Researchers Top
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Starting Points
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Antitrust/Competition Policy
- 2003
- "Text: Antitrust Officials Issue Guidelines on Merger Notification, Multi-jurisdiction review process at issue, U.S. official says,"
US State Dept, 6/26/03. "Antitrust officials from about 50 countries including the United States have worked out voluntary guidelines for cross-border merger notifications, according to
the U.S. Department of Justice. In a June 26 press release, the department described the four new recommended practices adopted by the International Competition Network (ICN) conference
in Merida, Mexico." http://lists.state.gov/SCRIPTS/WA-USIAINFO.EXE?A2=ind0306d&L=WF-EASIA&P=R12377
- "Competition Network Set to Examine Cross-Boder Mergers,"
FT6/23/03, p7. International Competition Network meets in Merida, Mexico, for its second annual meeting, to establish common criteria for cross-border M&As.
http://www.internationalcompetitionnetwork.org/annualconference2003.html,
http://www.internationalcompetitionnetwork.org/news/june262003.html
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Agriculture
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Banking
- 2003
-
US Senators Anxious about Basel II Banking Reforms," FT6/19/03, p6. Senate Banking
Committee members express fear at a hearing 6/18 that Basel II proposals may endanger the
US economy by reducing lending to small businesses among other concerns.
http://banking.senate.gov/03_06hrg/061803/index.htm
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Competitiveness
- 2003
- "EU Competition Authorities Put among Top of the Class,"
FT6/17/03, p7. Global Competition Review survey ranks competition authorities. Ratings are 1. US, Germany; 3. UK; 4. EU; 5. Japan,
the Netherlands, Sweden, Switzerland. http://www.globalcompetitionreview.com/
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Corruption
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Development
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Dollar Policy
- 2003
- "Coalition for a Sound Dollar (NAM) releases a new monthly, the "Asian Currency
Manipulation Monitor," highlighting Japan's recent record intervention to buy more than $43 billion dollars and other actions
taken by China, Korea and Taiwan to keep their currencies artificially low against the dollar. "Japan's blatant manipulation of its
currency through massive intervention in the market in order to keep an artificially weak yen should be seen for what it is – an
outright subsidy for its manufacturers," said Steve Collins, president of the Automotive Trade Policy Council and spokesman for the
Coalition. It is a policy of exchange rate protectionism which is aimed straight at the heart of America's manufacturers."
Press Release, Monthly Currency Manipulation Monitor
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Foreign Direct Investment
- 2003
- "Text: U.S. Net Negative Investment Position Hits Record in 2002, Foreigners increase purchases of U.S. corporate bonds, Treasury,"
US State Dept, 6/30/03. "The net investment position of the United States reached a negative record in 2002,
the Department of Commerce reports. In a June 30 news release, the department calculated that at yearend
2002 the value of foreign investments in the United States exceeded the value of U.S. investments abroad
by $2,387,211 million, up from $1,979,906 million at yearend 2001."
http://lists.state.gov/SCRIPTS/WA-USIAINFO.EXE?A2=ind0306e&L=WF-EASIA&P=R2526
- "Study of Cross-Border Merger Cost Boosts Calls for Reform,"
FT6/23/03, p15. Price-Waterhouse Cooper study reveals that companies in large cross-border mergers pay up to $11.6 million to have their
deals reviewed by antitrust regulators.
http://www.pwcglobal.com/uk/eng/about/svcs/vs/pwc_mergers.pdf
- "International M&A Flows Fall Sharply, Says OECD Report,"
FT6/20/03, p8. According to OECD report, Trends and Recent Developments in Foreign Direct Investment, international
investment flows are less than half 2002 levels; cross-border M&A activity falls to lowest level since the mid-1990s,
the biggest losers being the US and UK.
http://www.oecd.org/pdf/M00042000/M00042212.pdf
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Innovation
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Intellectual Property
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Labor
- Child Labor
- "The Department of
Labor's 2002 Findings on the Worst Forms of Child Labor," 6/11/2003, prepared by the
Bureau of International Labor Affairs, US Dept of Labor in response to a child
labor reporting requirement under the Trade and Development Act of 2000.
It is the second annual report on the worst forms of child labor in 146 countries
and territories that receive U.S. trade benefits.
Press Release,
Report
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Law
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Manufacturing
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Organizations
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Science & Technology
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Standards
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Tax
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Trade
- 2003
- "Tech Trade Update, 2003," American Electronics
Asssociation. Technology goods exports fell 26% from $223 billion in 2000 to $166 billion in 2002;
High-tech goods imports decreased 19%, from $271 billion in 2000 to $220 billion in 2002; The deficit
in technology goods trade was a record $54 billion in 2002. http://www.aeanet.org/publications/idmk_tech_trade_update_2003.asp
- "UN Urges Rich To Restart Trade Talks,"
FT6/26/03, p5. UN's 2003 World Economic and Social Survey calls on developed countries to restart WTO
Doha trade negotiations and halt agricultural export subsidies to help stimulate developing economies.
World trade is forecast to rise 4% in 2003.
http://www.aeanet.org/publications/idmk_tech_trade_update_2003.asp
- Free Trade Agreements
2003
- "ITC Expects Little To No Economic Impact From Singapore,
Chile FTAs," Inside US Trade, 6/20/03. "The free trade agreements the U.S. has signed with Chile and
Singapore are likely to have minimal economic impact in the U.S., though some specific industry sectors
may see measurable changes in terms of increased exports and imports, according to two separate studies
by the U.S. International Trade Commission. Beyond the increases in exports and imports, the ITC holds
open that there may be other economic impacts from a general improvement in the business climate between
the U.S. and these countries, but that these would be hard to quantify."
- U.S.-SINGAPORE FREE TRADE AGREEMENT: POTENTIAL ECONOMYWIDE AND SELECTED SECTORAL EFFECTS Investigation
No. TA-2104-6 (Publication 3603; June 2003)
- U.S.-CHILE FREE TRADE AGREEMENT: POTENTIAL ECONOMYWIDE AND SELECTED SECTORAL EFFECTS Investigation No.
TA-2104-5 (Publication 3605; June 2003)
For Both Reports in PDF
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