India’s Prime Minister Narendra Modi, once barred from entering the U.S., is getting a rock star welcome on his first trip here since being elected in May. “Am I the only India follower who is bored with Modi’s spectacle of a U.S. visit?” asks international economics fellow Russell Green. “The glitz is fun, but I am an economic policy wonk, and from my perspective, there is little to capture the imagination.”
The Trans-Pacific Partnership Agreement offers an opportunity to deepen U.S.-Mexico economic ties without reopening the still contentious North American Free Trade Agreement for negotiation. It may also serve as a vehicle for advancing the current Mexican government’s economic reform agenda. The leaders of the U.S. and Mexico believe that the TPP will bolster domestic economic growth.
Public finance fellow John Diamond recently testified before the Texas House Ways and Means Committee on dynamic scoring and analysis use in tax policy.
The changing regional geopolitics of the Middle East have created new opportunities for the Gulf states to engage in Arab-Israeli conflict resolution after the Arab Spring. This policy report examines the potential role that the six Gulf Cooperation Council (GCC) states — Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE) — might play in Israeli-Palestinian conflict resolution. It presents policy recommendations on how the Gulf states can engage with regional and international partners and build upon the greater space for action as the shifting parameters of Middle East politics create new regional pathways for action and cooperation.
North America is emerging as a virtual supply center of the international energy market, a development that has implications for the economic and geopolitical stature of the entire continent.
Mexico must address two key questions in order to realize the promise of greater employment opportunities: Does the country’s current workforce have the needed skills to adequately respond to increases in production, and is the country allocating the necessary resources to respond to the demand for future skills? This issue brief focuses on education's role in reducing the workforce skills gap that Mexico will face as the energy sector expands.
This issue brief explores China’s deepening relationship with Costa Rica, which severed diplomatic relations with Taiwan in 2007 to strengthen its economic ties with the PRC. China’s relationship with Costa Rica has opened the possibility for the PRC to reach out to other countries in the region.
This paper examines the effects of a U.S. Supreme Court ruling that a one-time retroactive British “Windfall Tax” levied on 32 public utilities that were privatized between 1984 and 1996 was eligible for the US foreign tax credit (FTC). The decision could have far-reaching implications for the creditability of taxes that are not ordinarily thought to be income taxes, including various cash-flow business taxes that are key elements of several proposals recommending replacement of the income tax with a consumption-based tax.
Charles E. McLure, Jr., Jack Mintz, George R. ZodrowAugust 20, 2014
Academic mobility is critical for robust collaborations in education, research and innovation between the U.S. and Mexico. Governments in both countries, in cooperation with nongovernmental actors, should provide a framework to develop mechanisms that generate and sustain a meaningful exchange of students, faculty, and staff from educational institutions at all levels of post-secondary education.
Governments of the Caribbean Community and Common Market (CARICOM) have called for a discussion on the decriminalization of marijuana after a pilot study found that legalized medical marijuana sales could boost the region’s ailing economies. As a result, the topic was an important agenda item at a CARICOM Inter-Sessional Heads of State Summit held in March 2014. Two aspects of decriminalization were discussed: decriminalization for medical use and decriminalization for recreational use.
