Home > 04. Publications > GPI Brief no. 7 (December 2008)
GPI Brief no. 7 (December 2008)
| GPI Brief no. 7 (December 2008) | Table of Contents and Abstracts |
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- "Policy Institutions" Research Note
The Liberal Democrats as a Driving Force for Winning the U.S. Presidential Election in 2008.........2
Masahito Watanabe (Visiting Fellow, Sigur Center for Asian Studies, George Washington University)
- In US Presidential Elections, the policy positions and the roles of organized constituency groups in the Republicans and Democrats, especially which contributes to a specific party winning the Presidential Election, are sometimes significant to read where the new administration is going. This paper argues the liberal Democrats are one of the most important supporters for Barack Obama from the early stage of his campaign. The paper will also examine specific issues Liberals will try to make key to the new administration. Those initiatives could be a crucial element in the Liberal political dynamics and an interesting opportunity for the relationship between Japan and the United States.
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- "Globalization and Public Policy" Research Note
What Is Special about the Current Financial Crisis?.........5
Nobusuke Tamaki (Executive Advisor to the Governor, Deposit Insurance Corporation of Japan)
- Although we have experienced some economic or financial crises since the end of the World War Second, what is special about the current financial crisis is its wide-ranging, diminished market liquidity. The Unite States has tried to address the issue not only by Treasury's introducing the Troubled Assets Relief Program (TARP) or FRB's aggressively conducting buying operations, but also by establishing various new financial policy instruments. While financial policy instruments as well as perceptions for fiscal policies are changing, both theories behind policies and practical ability to respond to such crises are being verified. What is challenging is, from these experiences, to create new ways of thinking and institutions that support policies for stable financial markets.
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- "Policy Research" Note
The Challenge of an East Asian Community.........7
Tomoyoshi Nakajima (Associate Senior Researcher, The Economic Research Institute for Northeast Asia)
- In recent years in East Asia, intraregional economic linkages, such as trade, have been strengthened rapidly. Based on such a de facto economic integration, the movement toward pushing an institutional integration has been in progress internationally, centered on the ASEAN plus Three Summit Meeting, where the concept of “an Asian Economic community” has been proposed. However, given the major issues, including the gaps in income between the countries of East Asia, the lack of democratic maturity, and the deficiencies in the rule of law, we should not necessarily be rushed into its embodiment.
- GPI Forum in Kansai—Highlight.........9
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Home > 04. Publications > GPI Brief no. 7 (December 2008)