A year inside the beltway : making economic policy in Washington / Sue Headlee.

Format:

Book

Author/Creator:

Headlee, Sue E. (Sue Eleanor), 1943-

Language:

English

Subjects (All):

United States. Congress--Rules and practice.

United States.

Pressure groups--United States.

Pressure groups.

Politics, Practical--United States.

Politics, Practical.

Business and politics--United States.

Business and politics.

Policy sciences.

United States--Economic policy.

United States--Economic policy--2001--Decision making.

Physical Description:

1 online resource (303 p.)

Edition:

1st ed.

Distribution:

London : Bloomsbury Publishing, 2024

Place of Publication:

Westport, Conn. : Praeger, 2002.

Language Note:

English

Summary:

American domestic and international economic policymaking is a sometimes bewildering mixture of economic expertise and political interests. Headlee elucidates the pivotal debates of the 2000-2001 economic policymaking cycle by walking readers through the major institutions and introducing the key actors involved. A section on domestic policy starts with a chapter on the state of the U.S. economy, followed by chapters on making fiscal policy, monetary policy, and labor policy. Each of these chapters on making policy is illustrated by case studies on Social Security reform, the Federal Reserve as financial crisis manager, and women and the economy. The international policy section starts with a chapter on the state of the global economy, followed by chapters on making trade policy, international monetary and financial policy at the U.S. Treasury, reforming the IMF, and the economic development of China. A useful introduction to the ins and outs of beltway policymaking for students of economics, politics, and policymaking.

Contents:

Cover

A YEAR INSIDE THE BELTWAY

Contents

Illustrations

CHARTS

MAP

TABLES

Abbreviations

Preface

Introduction

WHAT IS ECONOMIC POLICY?

A TOUR OF WASHINGTON

THE PROCESS OF MAKING ECONOMIC POLICY

CRITICS OF THE PROCESS

METHODOLOGY

THE STRUCTURE OF THE BOOK

Part I Making Domestic Economic Policy in Washington

1 The State of the U.S. Economy

THE CURRENT STATE OF THE ECONOMY

THE TECHNOLOGICAL REVOLUTION

U.S. FINANCIAL MARKETS

CHANGING STRUCTURE OF THE U.S. ECONOMY

THE ECONOMIC OUTLOOK

2 Making Fiscal Policy in Washington

THE STATE OF THE FEDERAL BUDGET

THE BUDGET PROCESS

FISCAL POLICYMAKING FROM REAGAN TO CLINTON

BUDGET OUTLOOK

FISCAL POLICY DEBATES

3 Case Study: The American Welfare State

THE SOCIAL SECURITY SYSTEM

MEDICARE, MEDICAID, AND OTHER HEALTH CARE ISSUES

POVERTY IN THE UNITED STATES AND THE WELFARE REFORM OF 1996

FEDERAL AID TO EDUCATION, HEAD START, AND SUBSIDIZED CHILDCARE

4 Making Monetary Policy in Washington

THE PROCESS OF MAKING MONETARY POLICY

A BRIEF HISTORY OF THE FED (1913 TO THE PRESENT)

MAKING MONETARY POLICY UNDER CHAIRMAN PAUL VOLCKER (1979-1987)

MAKING MONETARY POLICY UNDER CHAIRMAN ALAN GREENSPAN (1987 TO THE PRESENT)

CURRENT INFLATION OUTLOOK

5 Case Study: The Federal Reserve as Financial Crisis Manager

THE CASE STUDY: CHAIRMAN GREENSPAN AND THE STOCK MARKET CRASH OF 1987

COMPARISON OF BULL RUNS, CRASHES, AND AFTERMATHS

"IRRATIONAL EXUBERANCE" IN THE CURRENT STOCK MARKET?

POLICY OPTIONS IN THE FACE OF A BUBBLE

6 Making Labor Policy in Washington

THE STATE OF "WORKING AMERICA" IN HISTORICAL PERSPECTIVE

THE STATE OF "WORKING AMERICA" COMPARED TO OTHER COUNTRIES

LABOR LEGISLATION

THE ROLE OF ACTIVISM IN MAKING LABOR POLICY IN WASHINGTON

ECONOMIC DEBATES ON LABOR POLICY.

OUTLOOK FOR MAKING LABOR POLICY IN WASHINGTON

7 Case Study: Women and the Economy

THE ECONOMIC STATUS OF WOMEN IN THE UNITED STATES OVER TIME

THE ECONOMIC STATUS OF WOMEN IN THE UNITED STATES COMPARED TO OTHER COUNTRIES

THE ROLE OF POLICYMAKING IN THE ECONOMIC STATUS OF WOMEN

THE OUTLOOK FOR FUTURE PROGRESS

Part II Making International Economic Policy in Washington

8 The State of the Global Economy

THE STATE OF THE GLOBAL ECONOMY

GLOBALIZATION

OUTLOOK

9 Making Trade Policy in Washington

MAKING TRADE POLICY FROM FDR TO CLINTON

THE ARGUMENTS FOR FURTHER EXPANSION OF FREE TRADE

LABOR'S VISION OF THE NEW INTERNATIONALISM

THE VIEW FROM THE DEVELOPING WORLD

THE OUTLOOK FOR TRADE POLICY

10 Case Study: Exchange Rates and the U.S. Treasury

BACKGROUND: THE BRETTON WOODS SYSTEM OF FIXED EXCHANGE RATES

THE CASE STUDY: THE PLAZA ACCORD IN 1985, HISTORY'S LARGEST INTERVENTION IN CURRENCY MARKETS

THE CURRENT SITUATION AND OUTLOOK

11 Making International Monetary and Financial Policy in Washington

WHAT IS THE IMF?

MAKING INTERNATIONAL MONETARY AND FINANCIAL POLICY AT THE IMF AND THE U.S. TREASURY FROM REAGAN TO CLINTON

The 1980s

The 1990s

The Year 2000

OUTLOOK UNDER THE GEORGE W. BUSH ADMINISTRATION

12 Case Study: Reforming the International Monetary Fund

SHOULD DEVELOPING COUNTRIES OPEN THEIR MARKETS TO GLOBAL CAPITAL?

THEORIES OF HOW INTERNATIONAL FINANCE WORKS

POLICY OPTIONS FOR TAMING GLOBAL FINANCE AND REFORMING THE IMF

13 Making Economic Development Policy at the World Bank

THE CURRENT STATE OF DEVELOPING COUNTRIES AND FOREIGN DIRECT INVESTMENT (FDI)

MAKING ECONOMIC DEVELOPMENT POLICY FROM BRETTON WOODS TO WOLFENSOHN

Project Lending

International Development Association (IDA)

Theories of Economic Development and Research.

Structural Adjustment Loans (SALs)

Back to Poverty Alleviation

Heavily Indebted Poor Countries (HIPC) Initiative

REFORMING THE WORLD BANK, THE CONDUCT OF MULTINATIONAL CORPORATIONS (MNCs), AND PROTECTIONISM IN DEVELOPED COUNTRIES

14 Case Study: Chinese Economic Development

WORLD BANK LENDING IN CHINA AND FOREIGN DIRECT INVESTMENT

MAKING ECONOMIC POLICY IN BEIJING

Mao Zedong (1949-1977)

Deng Xiaoping (1978-1993)

Zhu Rongji (1993-2003)

REMAINING PROBLEMS

U.S. POLICY TOWARD CHINA

Conclusion

Postscript

Appendix

WASHINGTON SEMESTER IN ECONOMIC POLICY, AMERICAN UNIVERSITY, WASHINGTON, D.C.

Bibliography

Index

About the Author.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references (p. [261]-265) and index.

Includes bibliographical references and index.

ISBN:

9798216039860

9786610927708

9781280927706

1280927704

9780313012006

0313012008

OCLC:

53988430