Does Inflation in China Affect the United States and Japan?

This paper uses a number of econometric techniques to assess the extent of the link between inflation rates between China and the United States and Japan. It finds only limited empirical evidence at the aggregate
level for consumer price inflation in China leading to price changes in the United States and Japan. However, it finds some evidence that inflation in the United States has an impact on Chinese inflation, consistent with the literature that argues that inflation is propagated from
the reserve currency economy to other economies.

Locality Debates

This contribution to the International Encyclopedia of Human Geography outlines the history of theories of locality, particularly with respect to the field of economic geography.

Science and the Public Interest: Communicating the Results of New Scientific Research to the Public

The main thrust of this report is that researchers need to think deliberately about whether and how to communicate their results to the public and that, in this, a prime consideration should be how the public interest is best served. The report is designed to help researchers whose imminent publications might merit broader communication.

Policy for Industrial Champions: From Picking Winners to Fostering Excellence and the Growth of Firms

The aim of this paper is to review the arguments for and against pro-champions policies, in light of the existing literature and lessons from past experiences. The authors also examine the most marked characteristics of Europe’s industry and draw some policy orientations.

Enhancing Competitiveness: A Review of Recent State Economic Development Initiatives—2005

States launched a variety of economic development initiatives over the last year, despite limited resources available for new programs, according to the info brief. Most of the states’ major new economic development initiatives focused on enhancing state and regional “clusters of innovation”—fast-growing groups of businesses that share markets, labor, new ideas, and products.

Power of Access

The report, commissioned by FedEx Corp., is the first comprehensive effort in defining, measuring and analyzing access as a driving force of change and progress. According to the report, the power of Access lies in the opportunities it creates for individuals, business, and nations to participate, make choices, and improve their prospects. SRI found that higher levels of access enable higher economic growth, strongly relate to higher levels of personal income (as depicted in the following chart), and are critical for economic survival and growth.