PUBLICATIONS BY Ambassador Terry Miller
Research
2009 Commentary
January 14, 2009
Freedom Is Still the Winning Formula
By Terry Miller
It would be a shame if countries respond to the downturn with policies that further retard growth.
As former Texas Longhorn coach Darrell Royal liked to say, when faced with a challenging bowl game, you need to "dance with the one who brung you" to the party. Mr. Royal meant that even when faced with daunting new challenges, one would be well advised not to abandon a winning formula that had already brought success. That is good advice as the United States and other economies face the daunting task of restoring economic growth.
2008 Commentary
April 14, 2008
America Loses by Changing the Rules on Trade
By Terry Miller and Daniella Markheim
House Speaker Nancy Pelosi's sudden desire to change the rules on trade agreements carelessly throws into doubt a process that has brought unprecedented economic prosperity to millions of Americans — and billions more worldwide.
January 23, 2008
Encouraging a more creative, competitive America
By Terry Miller and Anthony B. Kim
America has a duty to further the cause of freedom, the president asserted during a major speech in the waning months of his second term.
2009 Research
September 28, 2009
Global Trade Liberalization Continues, But Risks Abound
By Daniella Markheim and Ambassador Terry Miller
(Backgrounder #2320)
The 2010 rankings of trade freedom in countries around the world, developed by The Heritage Foundation as part of its annual Index of Economic Freedom, show many countries moving ahead to lower tariffs and cut other barriers to trade. Other countries, however, are standing still or moving backward in response to protectionist political pressures and are likely to find themselves falling behind, with lower growth rates and stagnating economies.
June 10, 2009
Government Intervention: A Threat to Economic Recovery
By Ambassador Terry Miller
(Testimony #9999)
Testimony before The House Committee on Foreign Affairs' Subcommittee on Terrorism, Nonproliferation and Trade
March 26, 2009
New Global Currency Proposal: Good Diplomatic Theater but Bad Policy
By Ambassador Terry Miller
(WebMemo #2364)
Recently, both China and Russia have called for the replacement of the dollar as the international reserve currency of choice, suggesting use of IMF Special Drawing Rights instead. The proposal has far more to do with the theater of international diplomacy than the workings of the world economy.
March 24, 2009
Calling for G-20 Global Action for Economic Recovery: Obama Touches All the Bases but Fails to Score
By Ambassador Terry Miller
(WebMemo #2359)
President Obama’s March 24 call for “bold, comprehensive, and coordinated action” by the G-20 revealed the President’s basic confusion about the role of government in the economy.
March 13, 2009
G-20: International Cooperation Can Go Only So Far to End the Recession
By Ambassador Terry Miller
(WebMemo #2343)
An announcement by the governments of the G-20 of what they will not do to intervene in markets would probably go a lot further in restoring trust than any announcement of joint action or new regulations.
March 11, 2009
World Bank's Proposed Vulnerability Fund: A Gimmick for the Poor
By Ambassador Terry Miller
(WebMemo #2337)
The World Bank has proposed a "Vulnerability Fund" to siphon off 0.7 percent of developed countries' stimulus packages for assistance to poor countries.
2008 Research
December 17, 2008
Diplomacy in an Age of Faith: How Failing to Understand the Role of Religion Hinders America's Purposes in the World
By Thomas Farr, Ph.D., and Ambassador Terry Miller
(Heritage Lecture #1099)
The American foreign policy establishment has failed to grasp the significance of the resurgence of religion around the world. It has missed the opportunity to incorporate the U.S. policy of advancing religious freedom to root democracy so that it matures and consolidates, particularly in highly religious societies, and as a means of diplomatically fighting the war against terrorism.
September 19, 2008
Trade Liberalization Continuing Despite Doha Impasse
By Daniella Markheim and Ambassador Terry Miller
(Backgrounder #2187)
The 2009 trade freedom rankings developed for the Index of Economic Freedom show many countries moving ahead to lower tariffs and other barriers to trade. This benefits consumers and businesses in those countries that will enjoy greater access to competitively priced goods from around the world. Other countries are likely to find themselves falling behind, with lower growth rates and stagnating economies.
September 19, 2008
aFinding Pathways to Prosperity in the Americas
By Daniella Markheim and Ambassador Terry Miller
(Backgrounder #2187)
Beleaguered supporters of market-oriented democracies can take some solace from the announcement by the Bush Administration of “Pathways to Prosperity in the Americas,” an attempt to enlarge free trade in the Western Hemisphere and create open-market policies that will carry over into the next Administration.
September 15, 2008
High Corporate Taxes Undermine U.S. Global Competitiveness
By Ambassador Terry Miller and Anthony Kim
(WebMemo #2065)
High tax rates deprive companies of both the means and the incentive to take advantage of new market opportunities or technological changes that can improve productivity. Most advanced countries in the world have responded to new global economic realities by slashing corporate tax rates. The U.S. stands almost alone in having resisted such cuts, and its corporate tax rates are now among the highest in the world. Future U.S. prosperity depends on the willingness of our political leaders to resist populist anti-corporate dogma and make the necessary adjustments to keep the U.S. economy competitive.
May 23, 2008
International Trade as an Engine for Development
By Ambassador Terry Miller
(WebMemo #1936)
International trade is fulfilling its promise as the most significant source of external financing for development, surpassing all other external sources combined. In the first five years following the adoption of the Monterrey Consensus, exports from emerging markets and developing countries have grown, according to the International Monetary Fund, at an average annual rate of almost 11 percent. Current account balances for those countries have grown from $78.4 billion in 2002 to $596 billion in 2006.
May 08, 2008
China's Undervalued Currency Benefits Americans
By Ambassador Terry Miller
(WebMemo #1919)
Politicians looking for quick fixes to perceived U.S. economic ills have focused yet again on trade. The China Currency Manipulation Act of 2008 was introduced in the United States Senate on April 3 by Senators Jim Bunning (R–KY), Debbie Stabenow (D–MI), and Evan Bayh (D–IN). Presidential candidates Senator Hillary Clinton (D–NY) and Senator Barack Obama (D–IL) both endorsed the legislation while campaigning in Indiana.
April 17, 2008
Getting Better, Not Bitter, in Pennsylvania
By Ambassador Terry Miller
(WebMemo #1895)
The recent firestorm over Senator Barack Obama's comments about Pennsylvania's "bitter" voters has focused on charges of condescension and on the perceived denigration of gun ownership and religion. The Senator’s attitudes and tone are certainly fair game in an election year, but the more interesting issue is his facts: Are Pennsylvanians in fact "bitter?" Are there communities that have stagnated for "25 years?"Are there no jobs? Is there no hope?
April 03, 2008
Economic Freedom: Revolutionary Empowerment for Women
By Ambassador Terry Miller
(Heritage Lecture #1073)
To be informed voters, we have to read between the lines, be aware of nuance, judge emotional intensity, and look at the candidates’ records. Trade benefits society as a whole, and when our political candidates are saying something different, we need to listen carefully and cautiously. The changes they are promising could wind up costing us all dearly.
April 01, 2008
Trade Policy and Election Promises: Does the Rhetoric Match the Facts?
By Ambassador Terry Miller
(Heritage Lecture #1072)
To be informed voters, we have to read between the lines, be aware of nuance, judge emotional intensity, and look at the candidates’ records. Trade benefits society as a whole, and when our political candidates are saying something different, we need to listen carefully and cautiously. The changes they are promising could wind up costing us all dearly.
April 01, 2008
The Global Poverty Act: The Wrong Track for U.S. Aid Policy
By Ambassador Terry Miller and Brett D. Schaefer
(WebMemo #1878)
The Global Poverty Act of 2007 is superfluous, misguided, and dangerous.
February 25, 2008
Understanding the Democracy Deficit at the U.N.: The G-77, Non-Aligned Movement, and Organization of the Islamic Conference
By Ambassador Terry Miller
(Heritage Lecture #1061)
U.N. advocates describe one country/one vote decision making as embodying the best principles of democracy, but it is actually quite different. The governments casting their equal votes in the General Assembly represent vastly different numbers of people, and when many of the states casting those votes are not themselves democratic, one may legitimately ask whose voices their votes represent.
January 11, 2008
To Render Unto Caesar: Tax Policy for Developing Countries
By Ambassador Terry Miller
(Heritage Lecture #1056)
No tax policy is likely to succeed (certainly not in a democracy) unless basic questions of fairness and justice are answered to the satisfaction of the population as a whole. Governments that make the tax process as simple, as honest, as transparent, and as fair as possible will bring benefits both spiritual and economic to their people.
2007 Research
November 30, 2007
Sovereign Wealth Funds No Cause for Panic
By Terry Miller, Daniella Markheim, and Anthony B. Kim
(WebMemo #1713)
Policymakers should not consider stricter investment controls in the wake of Abu Dhabi's purchase of 4.9 percent of Citicorp.
November 27, 2007
Productivity Growth, Not Trade, Is Cutting Manufacturing Jobs
By Ambassador Terry Miller
(WebMemo #1709)
U.S. leaders must reject anti-trade demagoguery and embrace America's tradition of optimism in the face of change and progress.
November 01, 2007
IMF Report: U.S. Economy on Track for a Soft Landing
By Ambassador Terry Miller
(WebMemo #1686)
A positive assessment of the global economy is a reminder that economic freedom and open economies lead to sustained growth and prosperity.
October 18, 2007
Free Trade: Media Should Include Facts with Opinion Polls
By Ambassador Terry Miller
(WebMemo #1670)
Stories that focus on negative attitudes toward free trade should include information about the undeniable benefits that free trade generates.
November 20, 2009
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