TJTC and the promise and reality of redistributive vouchering and tax credit policy

The Targeted Jobs Tax Credit (TJTC) is a representative redistributive incentive. Initially, proponents saw TJTC as an elegant program, efficiently promoting labor market behavior that would solve the employment problems of many disadvantaged job seekers. However, interest groups distorted the credit into a windfall for businesses that hire large numbers of low wage workers. The policy theories incorporated into TJTC, which emphasized continual program reform and minimized program management by public administrators, provided a setting conducive to interest group distortion. Because few representatives of the disadvantaged participated in the oversight process, special interests undermined TJTC being reformed through empirical evaluation. This experience indicates that without major changes in the policy process, narrowly targeted rzdistributive policies should be avoided.     

REAGANISM AS CORPORATE LIBERALISM: IMPLICATIONS FOR THE AMERICAN FUTURE

The "corporate liberal" regime that held together in America from the end of World War I1 to the 1960s was marked by broad agreement on ideology, public policy and a stable ruling coalition centered in the Democratic Party. This regime unraveled in the late 1960s and 1970s with the relative decline in American military and economic hegemony and the rise of a "left liberal insurgency". Key corporate liberal intellectuals and constituencies migrated to the Republican Party under Reagan. Reaganism will not sustain itself because its coalition partners are too disparate, its failure to transform the Republicans into a majority party, a lack of consensus on many issues, and the continued decline of the U.S. in the international economy. Corporate liberalism will find itself migrating to a revitalized Democratic Party, under a centrist leadership favoring fiscal responsibility, government-corporate partnerships, and a more efficient military.     

AN EVALUATION OF FURTHER REFORMS IN THE DEMOCRATIC PARTY'S PRESIDENTIAL NOMINATION PROCESS

By 1992, the party of the majority, the Democratic Party, will have been out of power for twenty years of a twenty-four year span. Since 1968, numerous reforms in the presidential nominating process have been considered and adopted by the Democrats. These reforms have had the effect of opening the nominating process to rank-and-file Democrats through state primaries and participatory caucuses. While the reforms achieve this purpose, the end result is a mixed system that has been described as a disjointed hodgepodge of rules.
This article presents ten criteria of a sound nomination system. Then a panel of researchers and practitioners weighs seven options for further reform against the ten criteria. Several policy options are considered by the panel as improvements over the current presidential nomination system.     

Security implications of economic and political nationalism in the United States and South Korea

The views expressed here are solely those of the author and do not represent the position of any U.S. government agency.     

THE STATE SOCIALIST WELFARE SYSTEM and the POLITICAL ECONOMY OF PUBLIC HOUSING REFORM IN URBAN CHINA

This aticle analyses China's housing reform against the background that a new housing policy has been implemented since 1988. The crucial point of the 1998 housing policy package is to stop the allocation system of state‐subsidized public housing. By changing this rule of the game, a major institutional obstacle to housing reform will be removed, and some unfeasible policy measures become feasible within the new institutional context.     

Self-imposed term limits

In “Reconciling voters' behavior with legislative term limits,” Dick and Lott argue that since more senior representatives are better at rent-seeking, there is an inefficient tendency to re-elect incumbents. In their model, term limits are preferred collectively by constituencies, even though no constituency would independently oust its incumbent representative. However, many term limits are unilaterally self-imposed (in particular the 22nd amendment limiting presidents' terms to two), and their model cannot explain these limits. In this comment, I suggest that term limits may be self-imposed by risk-averse voters, who prefer cycling between left and right wing candidates to a once-and-for-all election that imposes a candidate of a single ideology on the entre electorate. The market failure that makes term limits helpful is that out of power minorities cannot bribe the median voter.     

Chinese nationalism,Taiwan autonomy and the prospects of a larger war

In contrast to the belief that the 1995–1996 Taiwan Straits crisis was caused by the visit of the President of Taiwan to Cornell University, in fact, the post‐Mao ruling groups in Beijing made forcing early reunification with mainland China on Taiwan a top priority soon after assuming power in 1978. This new focus on Taiwan's reunification reflects a policy switch. It is not a continuation of Mao era policies. The switch is basic. It involves a profound change in the content of Chinese nationalism from Mao era nationalism, which is seen by its critics in China as insufficiently promoting the national interests of the Chinese people. The new, post‐Mao nationalism in China not only challenges Taiwan's autonomy, it also could endanger peace in the Pacific‐Asia region. Consequently, it is important to rethink the political dynamics at work in China and in the region if the parties involved hope to avoid a larger war.