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An increasingly popular view holds that institutions-in particular,
the rule of law-are the keys to unlocking the developing world's
full growth potential. But what exactly does this mean? Which legal
institutions matter and why? How can policymakers use this
knowledge to promote growth? In The Law-Growth Nexus, Kenneth Dam
brings five decades of experience as a legal scholar and
policymaker to bear upon these questions. After reviewing the
burgeoning literature on legal institutions and economic
development, Dam unpacks the ""rule of law"" concept. Successive
chapters analyze enforcement, contracts, and property rights the
three concepts that collectively define rule of law and examine
their roles in the real estate and financial sectors. Dam uses an
extended analysis of China to assess the importance of the rule of
law. This case study illustrates several of the book's central
themes, including the difficulty of building a strong, independent
judiciary and firstclass financial sector. The stark fact is that
many parts of what we call the developing world have stopped
developing, while other regions have seen a slowdown in
once-promising growth. Could new or better legal institutions help
jumpstart these economies? In exploring this question, The
Law-Growth Nexus goes beyond regression results to examine the
underlying mechanisms through which the law, the judiciary, and the
legal profession influence the economy. The result is essential
reading for analysts and policymakers facing the challenges of
legal and economic reform.
The United States is increasingly dependent on information and
information technology for both civilian and military purposes, as
are many other nations. Although there is a substantial literature
on the potential impact of a cyberattack on the societal
infrastructure of the United States, little has been written about
the use of cyberattack as an instrument of U.S. policy.
Cyberattacks-actions intended to damage adversary computer systems
or networks-can be used for a variety of military purposes. But
they also have application to certain missions of the intelligence
community, such as covert action. They may be useful for certain
domestic law enforcement purposes, and some analysts believe that
they might be useful for certain private sector entities who are
themselves under cyberattack. This report considers all of these
applications from an integrated perspective that ties together
technology, policy, legal, and ethical issues. Focusing on the use
of cyberattack as an instrument of U.S. national policy,
Technology, Policy, Law and Ethics Regarding U.S. Acquisition and
Use of Cyberattack Capabilities explores important characteristics
of cyberattack. It describes the current international and domestic
legal structure as it might apply to cyberattack, and considers
analogies to other domains of conflict to develop relevant
insights. Of special interest to the military, intelligence, law
enforcement, and homeland security communities, this report is also
an essential point of departure for nongovernmental researchers
interested in this rarely discussed topic. Table of Contents Front
Matter Synopsis 1 Overview, Findings, and Recommendations Part I:
Framing and Basic Technology 2 Technical and Operational
Considerations in Cyberattack and Cyberexploitation Part II:
Mission and Institutional Perspectives 3 A Military Perspective on
Cyberattack 4 An Intelligence Community Perspective on Cyberattack
and Cyberexploitation 5 Perspectives on Cyberattack Outside
National Security 6 Decision Making and Oversight Part III:
Intellectual Tools for Understanding and Thinking About Cyberattack
7 Legal and Ethical Perspectives on Cyberattack 8 Insights from
Related Areas 9 Speculations on the Dynamics of Cyberconflict 10
Alternative Futures Appendixes Appendix A: Biographies of Committee
Members and Staff Appendix B: Meeting Participants and Other
Contributors Appendix C: Illustrative Criminal Cyberattacks
Appendix D: Views on the Use of Force in Cyberspace Appendix E:
Technical Vulnerabilities Targeted by Cyber Offensive Actions
Economic news once confined to the business pages of the newspapers
now receives headline coverage, whether it involves protests in
Seattle or sweatshops in Asia. As attention is increasingly focused
on economic policy, it becomes even more important for
noneconomists to be able to make sense of these stories. Is the
Asian economy sinking or rising? What effects will a single
European currency have on the US economy? Kenneth W. Dam's "The
Rules of the Global Game" provides, in clear and practical
language, a framework to help readers understand and answer such
questions. Dam takes us beyond the headlines and inside the
decision-making process as it is populated by lobbyists, special
interest groups, trade associations, and public relations firms.
While some economists and thinkers have idealized plans for US
international economic policy, Dam, currently the deputy secretary
of the treasury, manages to merge this idealism with a
consideration of what it means to govern at the intersection of
competing groups with competing claims.
In "The Rules of the Global Game," Dam first lays out what US
international economic policies are and compares them to what they
should be based on how they affect US per capita income. With this
foundation in place, Dam then develops and applies principles for
elucidating the major components of economic policy, such as
foreign trade and investment, international monetary and financial
systems, and current controversial issues, including intellectual
property and immigration. Underlying his explanations is a belief
in the importance of worldwide free trade and open markets as well
as a crucial understanding of the political forces that shape
decisionmaking. Because economic policy is not created in a
political vacuum, Dam argues, sound policymaking requires an
understanding of "statecraft"-the creation and use of institutions
that channel the efforts of interest groups and political forces in
directions that encourage good economic outcomes.
Dam's vast experience with the politics and practicalities of
economic policy translates into a view of policy that is neither
academic nor abstract. Rather, Dam shows us how policy is actually
made, who makes it, and why, using examples such as GATT, NAFTA,
the US-Japan semiconductor agreement, and the Asian financial
crisis. A rare book that can be read with pleasure and profit by
layperson and economist alike, "The Rules of the Global Game"
allows readers to understand the policies that shape our economy
and our lives.
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