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Business Economics articles from October 1992
Professional journal of the National Association of Business Economists covering topics such as macro and microeconomics, monetary and fiscal policy, business forecasting, international economics, and deregulation.
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Business Economics archives from October 1992
Excessive litigation - negative force in the economy.
October 1, 1992... LITIGATION AND RELATED legal costs pose a mounting threat to the nation's economic progress. Business economists have long ignored or downplayed the impact of the legal system on the future course of the economy. This must now change by giving...
Innovation and our product liability system: let us end the conflict on incentives.
October 1, 1992... EVERY COMPANY has a "risk budget" for betting on the future. Innovation, research and development are a part of it. So are a company's investments, new marketing programs, and other initiatives they hope will pay off later. Increasingly, our...
Setting the record straight: facts about litigation costs and delay.
October 1, 1992... FIRST, LET'S set the record straight:
1. America is not home to 70 percent of the world's lawyers.
2. American lawyers are not responsible for diminution of our national ability to compete internationally.
3. Tort cases are not the primary...
Courts and the litigation crisis: where's the problem? Where's the solution?
October 1, 1992... AMERICA IS IN the throes of a litigation crisis. We know this because our vice president tells us so. Conveying to President Bush an Agenda for Civil Justice Reform in America, Vice President Dan Quayle states that "In the past thirty years, our...
A beginner's guide to the litigation maze.
October 1, 1992... A HISTORIAN LOOKING back at our time might well find one of the distinctive and peculiar features of late twentieth century America to be the panic about litigation that gripped much of American society in the 1980s and persisted into the last...
Emerging issues and policy options in the U.S. futures industry.
October 1, 1992... THE U.S. FUTURES industry experienced explosive growth in the 1980s as annual volume tripled to more than a quarter of a billion contracts. This surge was attributable primarily to increased trading of financial and currency futures contracts, as...
International perspectives: Japan and the United States in Pacific Rim trade and economic cooperation.
October 1, 1992... DURING THE PAST three decades, the world economy has witnessed profound transformations of historical dimensions. Best known among them has been the shift of both economic activities and international economic policy from the Atlantic to the...
Is there a future for the GATT in the new world economic order? (General Agreement on Tariffs and Trade)
October 1, 1992... THE UP AND DOWN machinations of the Uruguay Round negotiations, and Lester Thurow's provocative declaration that "GATT is dead" have served to crystallize the opposing positions in the trade and industrial policy debate. Thurow, and others,(1)...