Naked Economics, Wheelan, Charles [open ebook .txt] 📗

Economic Perspectives, vol. 15, no. 1 (Winter 2001).

6.Dan Barry, “A Mill Closes, and a Hamlet Fades to Black,” New York Times, February 16, 2001.

7.Marvin Zonis, “Globalization,” National Strategy Forum Review: Strategic Outlook 2001, National Strategy Forum, Spring 2001.

8.Kenneth F. Scheve and Matthew J. Slaughter, “A New Deal for Globalization,” Foreign Affairs, July/August 2007.

9.David Cortright and George A. Lopez, eds., The Sanctions Decade: Assessing UN Strategies in the 1990s (Boulder, Colo.: Lynne Rienner, 2000).

10.Anthony DePalma and Simon Romero, “Orange Juice Tariff Hinders Trade Pact for U.S. and Brazil,” New York Times, April 24, 2000, p. A1.

11.“UN Chief Blames Rich Nations for Failure of Trade Talks,” New York Times, February 13, 2000, p. 12.

12.Thomas Friedman, “Protesting for Whom?” New York Times, April 24, 2001.

13.Nicholas D. Kristof and Sheryl WuDunn, “Two Cheers for Sweatshops,” New York Times Magazine, September 24, 2000, pp. 70–71.

14.Thomas Friedman, “Parsing the Protests,” New York Times, April 14, 2000, p. 31.

15.Zonis, “Globalization.”

16.“Web Sites Provide Opportunity for Artisans Around the World to Sell Their Wares Thus Increasing Living Standards,” National Public Radio, September 11, 2000.

17.Kristof and WuDunn, “Two Cheers for Sweatshops.”

18.“A Survey of Globalization,” The Economist, September 29, 2001.

19.Kristof and WuDunn, “Two Cheers for Sweatshops.”

20.Paul Krugman, “Hearts and Heads,” New York Times, April 22, 2001.

21.“Economic Man, Cleaner Planet,” The Economist, September 29, 2001.

22.Krugman, “Hearts and Heads.”

23.John Micklethwait and Adrian Wooldridge, “Why the Globalization Backlash Is Stupid,” Foreign Policy, September/October 2001.

CHAPTER 13. DEVELOPMENT ECONOMICS

1.“No Title,” The Economist, March 31, 2001.

2.World Development Report 2008, World Bank (New York: Oxford University Press, 2000).

3.William Easterly, The Elusive Quest for Growth (Cambridge, Mass.: MIT Press, 2001), p. 285.

4.World Development Report 2002: Building Institutions for Markets, World Bank, Oxford University Press, p. 3.

5.Thomas L. Friedman, “I Love D.C.,” New York Times, November 7, 2000, p. A29.

6.Daron Acemoglu, Simon Johnson, and James Robinson, The Colonial Origins of Comparative Development: An Empirical Investigation, NBER Working Paper No. W7771 (National Bureau of Economic Research, June 2000).

7.Daniel Kaufmann, Aart Kraay, and Pablo Zoido-Lobatón, Governance Matters (Washington, D.C.: World Bank, October 1999).

8.“No Title,” The Economist, March 31, 2001.

9.Erica Field, “Entitled to Work: Urban Property Rights and Labor Supply in Peru,” undated manuscript.

10.“A Coke and a Frown,” The Economist, October 7, 2000, p. 73.

11.“No Title,” The Economist, March 31, 2001.

12.Gary S. Becker, Human Capital, p. 24.

13.Easterly, The Elusive Quest for Growth, p. 160.

14.“Fare Thee Well, Iowa,” The Economist, August 18, 2001.

15.Jeffrey Sachs, Tropical Underdevelopment, NBER Working Paper No. W8119 (National Bureau of Economic Research, February 2001).

16.Donald G. McNeil, “Drug Companies and Third World: A Case Study in Neglect,” New York Times, May 21, 2000.

17.Rachel Glennerster and Michael Kremer, “A Better Way to Spur Medical Research and Development,” Regulation, vol. 23, no. 2.

18.Jeffrey Sachs, “Nature, Nurture, and Growth,” The Economist, June 14, 1997.

19.Jeffrey Sachs, “Growth in Africa: It Can Be Done,” The Economist, June 29, 1996.

20.Jeffrey A. Frankel and David Romer, “Does Trade Cause Growth?” American Economic Review, vol. 89, no. 3 (June 1999), pp. 379–99.

21.Sachs, “Growth in Africa.”

22.Jeffrey D. Sachs and Andrew M. Warner, “The Big Push: Natural Resource Booms and Growth,” Journal of Development Economics, June 1999, as cited in Economic Intuition, Montreal, Fall 1999.

23.“Tracking Angola’s Oil Money,” The Economist, January 15, 2000, p. 48.

24.Blaine Harden, “Angolan Paradox: Oil Wealth Only Adds to Misery,” New York Times, April 9, 2000.

25.“Open to the Winds: A Nation of Traders,” The Economist, September 12, 1987.

26.Norimitsu Onishi and Neela Banerjee, “Chad’s Wait for Its Oil Riches May Be Long,” New York Times, May 16, 2001.

27.Amartya Sen, Development as Freedom (New York: Alfred A. Knopf, 1999), p. 152.

28.Paul Collier, The Bottom Billion: Why the Poorest Countries Are Failing and What Can Be Done About It (New York: Oxford University Press), 2007.

29.“Coka and Al-Qaeda,” The Economist, April 3, 2004.

30.Nicholas D. Kristof and Sheryl WuDunn, “The Women’s Crusade,” New York Times Magazine, August 23, 2009.

31.“Self-Doomed to Failure,” The Economist, July 6, 2002.

32.Kristof and WuDunn, “The Women’s Crusade.”

33.Jeffrey Sachs, “The Best Possible Investment in Africa,” New York Times, February 10, 2001.

34.“What’s Good for the Poor Is Good for America,” The Economist, July 14, 2001.

35.Jeffrey Sachs, “Growth in Africa: It Can Be Done,” The Economist, June 29, 1996.

36.William Easterly, The White Man’s Burden (New York: Penguin, 2007).

37.William Easterly, “Was Development Assistance a Mistake,” American Economic Review, vol. 97, no. 2 (May 2007).

38.Craig Burnside and David Dollar, “Aid, Policies, and Growth,” American Economic Review, vol. 90, no. 4 (September 2000), pp. 847–68.

39.Dani Rodrik, “Goodbye Washington Consensus, Hello Washington Confusion? A Review of the World Bank’s Economic Growth in the 1990s: Learning from a Decade of Reform,” Journal of Economic Literature, vol. XLIV (December 2006).

EPILOGUE. LIFE IN 2050

1.“Out of Sight, Out of Mind,” The Economist, May 18, 2001.

2.Denise Grady, “In Quest to Cure Rare Diseases, Some Get Left Out,” New York Times, November 16, 1999.

3.Anthony Lewis, “A Civilized Society,” New York Times, September 8, 2001.

4.Phred Dvorak, “A Puzzle for Japan: Rock-Bottom Rates, but Few Borrowers,” Wall Street Journal, October 25, 2001.

5.Simon Johnson, “The Quiet Coup,” The Atlantic, May 2009.

* When our Ford Explorer rolled over at 65 mph on an interstate three years later, we bought a Volvo.

* I cannot fully explain why the pharmaceutical companies were so resistant to providing low-cost HIV/AIDS drugs to Africa. These countries will never be able to pay the high prices charged in the developed world, so the companies would not be forgoing profits by selling the drugs cheaply. In places like South Africa, it’s either cheap drugs or no drugs. This would appear to be a perfect opportunity for price discrimination: Make the drugs cheap in Cape Town and expensive in New York. True, price discrimination could create an opportunity for a black market; drugs sold cheaply in Africa could be resold illegally at high prices in New York. But that seems a manageable problem relative to the huge public relations cost of denying important drugs to large swathes of the world’s population.

* There is a subtle but important analytical point here. Those who argue that tax cuts increase government revenues often point out, correctly, that