Financing for Education: Opportunities for Global Action

Financing for Education: Opportunities for Global Action. Brookings Institution. Liesbet Steer and Kathryn Smith. July 2015.

The authors hope that this year will be marked in history as the year when the world agreed on an ambitious global plan to eradicate poverty and ensure that all children have access to a high-quality basic education. Achieving these education goals will require all hands on deck. Governments, donors and nonstate actors will need to work together to deliver on this promise. Significantly more financing will be required, and resources will need to be spent in the most effective way. [Note: contains copyrighted material].

[PDF format, 128 pages, 1.41 MB].

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How to Foster Long-Term Innovation Investment

How to Foster Long-Term Innovation Investment. Center for American Progress. Neera Tanden and Blair Effron. June 30, 2015.

The U.S. economy is decades into the shareholder value revolution that has swept equities markets and boardrooms alike. Predicated on the idea that maximizing a firm’s share price should be managers’ top priority, this movement holds the promise of making corporations more productive and efficient while making investors wealthier. Yet for all its success in driving wealth and making companies more competitive, there remains an important, unresolved tension in this thesis that is usually glossed over: It does not explain how short-term equity market incentives will necessarily deliver optimal long-term decisions, according to the report. [Note: contains copyrighted material].

[PDF format, 8 pages, 91.03 KB].

The Big Sort: College Reputation and Labor Market Outcomes

The Big Sort: College Reputation and Labor Market Outcomes. National Bureau of Economic Research. W. Bentley MacLeod et al. Web posted July 2, 2015.

The authors find that the reputation of a college is correlated with their graduates’ earnings growth. They interpret this finding in a setting in which individuals choose colleges based on their reputations, and in which a school’s reputation in turn provides information about its students’ abilities and about its value added. [Note: contains copyrighted material].

[PDF format, 73 pages, 1.09 MB].

Achieving the United States’ Intended Nationally Determined Contribution

Achieving the United States’ Intended Nationally Determined Contribution. Center for Climate and Energy Solutions. June 2015.

Nations are working toward a new global climate agreement later this year in Paris. To that end, countries have begun submitting their “intended nationally determine contributions” (INDCs) to the agreement. In its INDC, the United States said it intends to achieve an economy-wide target of reducing its greenhouse gas emissions 26-28 percent below 2005 levels in 2025. Based on available estimates, measures already adopted or proposed will reduce emissions 19.5 to 23 percent below 2005 levels, meaning additional measures will be needed to achieve the 2025 target. [Note: contains copyrighted material].

[PDF format, 2 pages, 150.59 KB].

Greenhouse Gas Pledges by Parties to the United Nations Framework Convention on Climate Change

Greenhouse Gas Pledges by Parties to the United Nations Framework Convention on Climate Change. Congressional Research Service, Library of Congress. Jane A. Leggett. June 29, 2015.

International negotiations are underway toward an agreement, due in December 2015, under the United Nations Framework Convention on Climate Change (UNFCCC)regarding commitments and actions to address human-related, global climate change from 2020 on. The report briefly summarizes the existing commitments and pledges of selected national and regional governments to limit their greenhouse gas (GHG) emissions as contributions to the global effort.

[PDF format, 10 pages, 268.32 KB].

Central Banks: Printing Money Delays Domestic Structural Reforms

Central Banks: Printing Money Delays Domestic Structural Reforms. YaleGlobal. Will Hickey. June 30, 2015.

Countries are waging currency wars in competition over export markets, jobs and foreign investment, printing money, taking on more debt, rather than pursuing serious and needed domestic structural reforms. “Without deeper structural reforms that encourage consumption, innovation and a secure safety net ensuring certainty, the democratic governments will eventually flounder and citizens will vote leaders out of power,” writes Will Hickey. Greece is the most prominent example. Financial markets could soon lose patience with other countries like Italy or the United States. Necessary reforms include streamlining recalcitrant bureaucracies, improving education to encourage innovation, increasing immigration or reducing promises on pensions and other entitlements, and reducing reliance on low-value exports like natural resources or manufacturing with low-skilled labor. [Note: contains copyrighted material].

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Russian Ballistic Missile Defense: Rhetoric and Reality

Russian Ballistic Missile Defense: Rhetoric and Reality. Strategic Studies Institute. Keir Giles. June 29, 2015.

Russia continues to oppose strenuously U.S. plans for missile defense in Europe, despite the fact that Russia itself seeks to develop comparable missile defense systems, that, by their own logic, would be equally destabilizing. The report reviews Russian plans and progress toward implementing them, to prepare the ground for inevitable future confrontation with Russia over the rollout of U.S. systems. [Note: contains copyrighted material].

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