In Jan. 2004, Congress estab. the Millennium Challenge Corp. (MCC) to administer the Millennium Challenge Account. MCC's mission is to promote econ. growth & reduce extreme poverty in developing countries. MCC must rely on quantitative criteria in determining countries' eligibility for assistance. MCC will provide assistance primarily through compacts -- agree. with country gov'ts. MCC aims to be one of the top donors in countries with which it signs compacts. For FY 2004 & 2005, MCC received $2.5 billion; for FY 2006, $3 billion. This report monitors MCC's: (1) process for determining country eligibility, (2) progress in developing compacts, (3) coord. with key stakeholders, & (4) estab. of mgmt. structures & accountability mechanisms. Illus.
The relative effectiveness of various institutions, such as the market or government, is based on the ability for individuals to access and use dispersed knowledge in society and the incentives that steer their actions. Market process theory emphasizes the effectiveness of the price system to consolidate and transmit knowledge in the marketplace. Together this framework provides new insights on the capability of individuals to cooperate and improve society, and the limits to government interventions in society. The original research in each chapter uses this economic way of thinking to analyze a variety of public policy issues, examining the incentives responsible for and the factors that contribute to the creation and effectiveness of the policies. These chapters, authored by public policy practitioners and researchers, tackle such pressing issues as public education, the process for approving medical devices, tax policy, and land use regulation.
The tools of American statecraft—defense, diplomacy, foreign and security assistance, homeland security and intelligence—are rarely examined together. Adams and Williams fill this gap by examining how these tools work, how they are planned for, and how they are budgeted. Seeing policy through the lens of the budget can help decision makers and ordinary citizens discern the genuine priorities of national leaders from the oftentimes illusory ones portrayed in rhetoric. Simply put, policies and strategies cannot be carried out without a corresponding allocation of resources. Buying National Security weaves a tapestry around the institutions, organizations, tools, and processes that support planning and resource allocation across the breadth of the American national security enterprise. The authors analyze the planning and resource integration activities across agencies of the Executive branch as well as examine the structure and processes the Congress uses to carry out its national security oversight and budgetary responsibilities. Finally, they review the adequacy of the current structures and process and evaluate proposals for ways both might be reformed to fit the demands of the 21st century security environment.