Business Economics articles from October 1993

Business Economics archives from October 1993

The insurance industry: navigating the sea of change. (The Insurance Industry, Retrospect and Prospect) (Industry Overview)
October 1, 1993... U.S. FINANCIAL institutions of all kinds have been buffeted by profound economic and regulatory shocks during the past two decades, and the insurance industry has been no exception. As this process has unfolded, the distinctions among financial...

The life insurance industry in mid-1993. (The Insurance Industry, Retrospect and Prospect) (Industry Overview)
October 1, 1993... INSTABILITY and unusual risk-taking virtually define the history of U.S. institutional finance of the 1980s. In reaction, the 1990s as a whole are likely to be characterized by a return to conservatism in management and regulation of such...

An in-depth look at the life-health insurance industry: past, present and future. (The Insurance Industry, Retrospect and Prospect) (Industry Overview)
October 1, 1993... THE LIFE-HEALTH insurance industry has received its share of negative publicity over the past five years. A handful of major failures, most notably Executive Life, Mutual Benefit Life, Kentucky Central Life and others, has drawn close scrutiny...

The property/casualty insurance industry: its past and prospects. (The Insurance Industry, Retrospect and Prospect) (Industry Overview)
October 1, 1993... PROPERTY/CASUALTY insurance is an essential cornerstone of commerce. Much of the American economy would grind to a halt without affordable insurance. Many factories, stores, and offices could not face the risk of operating without it. Most...

Insurance regulation: where do we go from here? (The Insurance Industry, Retrospect and Prospect) (Industry Overview)
October 1, 1993... THE EFFICIENCY of state regulation of insurance has given rise to emotional and often heated discussions in recent years. Selected members of Congress, consumer advocates, and even some insurers insist that the current state-based system of...

The impending restructuring of the electric utility industry: causes and consequences. (Applied Economics) (Industry Overview)
October 1, 1993... THE DECADE of the 1980s witnessed a rapid deregulation of many industries, including trucking, airlines, and telecommunications. The economic rationale for regulation was never well established in the trucking and airline industries. Changes in...

Long-term inflation expectations, the personal saving rate and credit standards. (Applied Economics) (Industry Overview)
October 1, 1993... AROUND 1980-82 a century-old view of the nature of inflation was shattered by a crisis of confidence in the stability of our currency. That long-held view had perceived each inflation surge as simply the effect of a temporary crisis. Experience...

Impact of China's open-door policy on Pacific Rim trade and investment. (International Perspective)
October 1, 1993... AN OPEN-DOOR policy has been Deng Xiaoping's most dramatic contribution to China's economic reform movement. The policy represented a rejection of the inward-looking, autarkic development strategies of the previous two decades. Adoption of an...

A retrospective look at Business Economics. (journal of the National Association of Business Economists) (The Business Economist at Work)
October 1, 1993... THE Historical Index of Business Economics has just been updated through 1992, reflecting the first twenty-nine years of publication. In preparing this index, it was apparent that Business Economics has gone through many changes in both design...

The statistics corner: it takes a long time to change statistical programs. (The Business Economist at Work)
October 1, 1993... IN THE NEXT ISSUE, my presidential address from the 1993 NABE annual meeting will be published. As readers of this column would expect, my title is "Statistics for Decision Making in the Next Millenium." One of the elements in preparing for the...

Balancing Act: The New Medical Ethics of Medicine's New Economics.
October 1, 1993... ONE OF THE factors driving up health care costs for business is the problem of uncompensated care. The cost of caring for those who are unable -- or sometimes simply unwilling -- to pay for their health care is frequently shifted to those...