This is the first history of the Export-Import Bank of the United States (Ex-Im) based on archival sources. As the government's exports credit agency, Ex-Im promotes exports through loans, guarantees and insurance and has had an unusual history as a public institution shaped by market principles. Congress mandated that the Bank only provide credit with a reasonable assurance of repayment. But the rules of the market and the needs of the state conflicted at times. Ex-Im has played a part in all the major events that marked the growing involvement of the United States in the international economy. In the last two decades, the bank has carried on its congressionally mandated mission in an increasingly complicated environment brought on by changes in private capital markets; congressional constraints on its budgets; major financial crises in Latin America and South-East Asia; fast-moving developments in communications and information technology and the demands of non-governmental organisations devoted to environmental protection.

This paper assesses the issues of government involvement in international trade finance stemming from the recent changes in global financial markets. This study is based on discussions with representatives of export credit agencies during the period from October 2003 to May 2004. A survey of 27 agencies provided valuable insights. Financial flows facilitated by official export credit agencies are large in comparison with official development assistance and gross lending by international financial institutions to developing countries. However, the importance of officially supported trade finance has been declining relative to the rapid expansion of world trade and total capital flows to developing countries. The study highlights the key challenges facing official export credit agencies, including complementing the private sector, facilitating financing to low-income countries while helping maintain these countries’ debt sustainability, and playing a positive role in the area of trade finance in international efforts to address emerging market financial crises.

From the time of Alexander Hamilton's "Report on Manufactures" through the Great Depression, American towns and cities sought to lure footloose companies by offering lavish benefits. These ranged from taxpayer-financed factories, to tax exemptions, to outright gifts of money. This kind of government aid, known as "corporate welfare," is still around today. After establishing its historical foundations, James T. Bennett reveals four modern manifestations.His first case is the epochal debate over government subsidy of a supersonic transport aircraft. The second case has its origins in Southern factory relocation programs of the 1930s the practice of state and local governments granting companies taxpayer financed incentives. The third is the taking of private property for the enrichment of business interests. The fourth export subsidies has its genesis in the New Deal but matured with the growth of the Export-Import Bank, which subsidizes international business exchanges of America's largest corporate entities.Bennett examines the prospects for a successful anti-corporate welfare coalition of libertarians, free market conservatives, Greens, and populists. The potential for a coalition is out there, he argues. Whether a canny politician can assemble and maintain it long enough to mount a taxpayer counterattack upon corporate welfare is an intriguing question.

This encyclopedia spans the relationships among business, ethics and society, with an emphasis on business ethics and the role of business in society.

No previous work has covered the web of important players, places, and events that have shaped the history of the United States’ relations with its neighbors to the south. From the Monroe Doctrine through today’s tensions with Latin America’s new leftist governments, this history is rich in case studies of diplomatic, economic, and military cooperation and contentiousness. Encyclopedia of U.S.-Latin American Relations is a comprehensive, three-volume, A-to-Z reference featuring more than 800 entries detailing the political, economic, and military interconnections between the United States and the countries of Latin America, including Mexico and the nations in Central America, the Caribbean, and South America. Entries cover: Each country and its relationship with the United States Key politicians, diplomats, and revolutionaries in each country Wars, conflicts, and other events Policies and treaties Organizations central to the political and diplomatic history of the western hemisphere Key topics covered include: Coups and terrorist organizations U.S. military interventions in the Caribbean Mexican-American War The Cold War, communism, and dictators The war on drugs in Latin America Panama Canal Embargo on Cuba Pan-Americanism and Inter-American conferences The role of commodities like coffee, bananas, copper, and oil "Big Stick" and Good Neighbor policies Impact of religion in U.S.-Latin American relations Neoliberal economic development model U.S. Presidents from John Quincy Adams to Barack Obama Latin American leaders from Simon Bolivar to Hugo Chavez With expansive coverage of more than 200 years of important and fascinating events, this new work will serve as an important addition to the collections of academic, public, and school libraries serving students and researchers interested in U.S. history and diplomacy, Latin American studies, international relations, and current events.

Examines the planning and budgeting processes of the United States. This title describes the planning and resource integration activities of the White House, reviews the adequacy of the structures and process and makes proposals for ways both might be reformed to fit the demands of the 21st century security environment.

In this provocative and original study, George A. Gonzalez argues that the relationship between energy and the state, as well as global politics, has become more and more deeply intertwined, reaching something of a crescendo with the global hegemony of Pax Americana in the twentieth and early twenty-first centuries. He presents a clear and concise case for viewing the modern state as the collaborative and affirmative union of capitalism and political authority in a setting where energy resources, be it wind, coal, or oil, provide the basis for the relatively inexpensive projection of political power. More broadly, energy serves as the foundation of the modern economy and, because of this, a prime function of the modern state is ensuring access to cheap, reliable sources to power and grow the economy. Historically, energy is more of a zero-sum resource than capital, markets, labor, or technology, and thus is a greater source of geopolitical tension and violence. Energy politics, and by extension international politics is, moreover, shaped by domestic corporate elites, especially those within the United States.

Presents an alphabetically-arranged reference to the history of business and industry in the United States. Includes selected primary source documents.

Moral Hazard is a core concept in economics. In a nutshell, moral hazard reflects the reduced incentive to protect against risk where an entity is (or believes it will be) protected from its consequences, whether through an insurance arrangement or an implicit or explicit guarantee system. It is fundamentally driven by information asymmetry, arises in all sectors of the economy, including banking, medical insurance, financial insurance, and governmental support, undermines the stability of our economic systems and has burdened taxpayers in all developed countries, resulting in significant costs to the community. Despite the seriousness and pervasiveness of moral hazard, policymakers and scholars have failed to address this issue. This book fills this gap. It covers 200 years of moral hazard: from its origins in the 19th century to the bailouts announced in the aftermath of the COVID-19 outbreak. The book is divided into three parts. Part I deals with the ethics and other fundamental issues connected to moral hazard. Part II provides historical and empirical evidence on moral hazard in international finance. It examines in turn the role of the export credit industry, the international lender of last resort, and the IMF. Finally, Part III examines specific sectors such as automobile, banking, and the US industry at large. This is the first book to provide an interdisciplinary analysis of moral hazard and explain why addressing this issue has become crucial today. As such, it will attract interest from scholars across different fields, including economists, political scientists and lawyers.