The Mosbacher Institute for Trade, Economics, and Public Policy was founded in October 2009 upon the request of President George H.W. Bush to honor Robert A. Mosbacher Sr., who served as secretary of commerce from 1989 to 1992. The Mosbacher Institute houses the new Global Value Chains Program that combines policy, economics, logistics and, supply chain management approaches to emerging issues of today’s global value chains, and the new Borders and Migration Lab that brings together scholars across several disciplines to conduct original research on topics related to borders and migration. The Institute publishes policy briefs (The Takeaway), conducts original and sponsored research, and supports students through graduate education, programming, and internships.
The Mosbacher Institute is committed to identifying policies and practices that promote global market integration. Global market integration involves increased economic interdependence among nations and regions arising from reduced trade barriers and improved coordination of fiscal and monetary policies. It has been shown to foster economic growth, raise living standards, and promote world peace. Through our Global Value Chains (GVC) Program we conduct and facilitate interdisciplinary education and research on the emerging issues that GVCs are facing. In our interconnected world, policymakers need to know how to harness the powerful tools of trade to improve living standards here in the United States and in emerging economies.
The increasing movement of people, goods, and ideas across geographical borders has put border states under significant pressure to adapt to changing realities. Our interdisciplinary Borders & Migration Lab is a research consortium that conducts and shares research on both local and global impacts of international migration and cultural and economic exchange. Through a series of evidence-driven capacity-building efforts, policy outreach activities, high-impact learning opportunities, and scholarly engagement and exchange, the Mosbacher Institute seeks to shape a constructive public debate and to increase the effectiveness of policy choices.
The Mosbacher Institute takes a fact-based, economic approach to comparing the world’s energy options, evaluating the true costs of energy, encouraging the coordination of global policy responses to energy security, and promoting smarter energy policy. Sound energy policy that balances cheap, clean, and secure energy, while relying extensively on markets, is an essential foundation for economic growth.
The Mosbacher Institute aims to identify good governance practices and policies in our domestic economy, and to propose solutions to correct failures and inefficiencies in the provision of public services. Good governance increases the efficiency of the public sector and lowers the costs of doing business for the private sector, thereby increasing America’s competitiveness in the global marketplace. The Institute focuses on governance in such key public policy areas as education, health, environment, and emergency management.
Lori L. Taylor
MOSBACHER INSTITUTE RESEARCH
By Anastasia Shcherbakova and Helen Wakefield
Money plays a big role in US politics. There are two primary ways of amassing political influence: donations to campaigns and political action committees (PACs) and lobbying. With no limits on lobbying expenditures, this activity has historically garnered the largest spending. In today’s markets, firms cannot be successful without considering their political environment. Because of this, competitive market behavior and political rent-seeking (like lobbying) have become strategic complements, and firms redistribute their spending across market and political activities based on which arena offers the best chance at increasing revenues.