2006 Annual Report—Federal Reserve Bank of Dallas
The Best of All Worlds
Globalizing the Knowledge Economy
Acknowledgments
"The Best of All Worlds" was written by W. Michael Cox and Richard Alm. The essay is based on research conducted by Cox, senior vice president and chief economist, Federal Reserve Bank of Dallas. Alm is a senior economics writer in the Bank's Research Department. Julia K. Carter, a senior economic analyst at the Bank, provided important research assistance on the project. Danielle DiMartino, economics writer at the Bank, wrote the stories about J.C. Penney, Encysive Pharmaceuticals and BrassCraft.
Exhibit Notes and Data Sources
Robert J. Barro and Jong-Wha Lee (2000), "International Data on Educational Attainment: Updates and Implications," Working Paper no. 42, Center for International Development, Harvard University, April.
Organization for Economic Cooperation and Development (OECD), Education at a Glance: OECD Indicators 2006.
OECD, Science, Technology and Industry Outlook 2006.
National Science Foundation, Science and Engineering Indicators 2006.
United Nations Educational, Scientific and Cultural Organization, UNESCO Statistical Yearbook 1998 and Global Education Digest 2006.
National Institute for Research Advancement, NIRA's World Directory of Think Tanks 2002, www.nira.go.jp/ice/nwdtt/2005/intro/intro2002.html.
World Intellectual Property Organization, statistics on patents.
National Human Genome Research Institute, http://genome.gov.
International Telecommunication Union (ITU), World Telecommunication Development Report 2003 and World Telecommunication Indicators database.
World Bank, World Development Indicators database.
Thomas M. Lenard and Daniel B. Britton (2006), The Progress & Freedom Foundation, The Digital Economy Fact Book, 8th edition.
Peter Lyman and Hal R. Varian (2003), "How Much Information?" School of Information Management and Systems, University of California at Berkeley.
Semiconductor Industry Association, Global Billings Report History.
Bureau of Economic Analysis (BEA), national economic accounts, fixed assets.
Wikipedia, www.wikipedia.org.
Wikipedia.
Historical Statistics of the United States: Millennial Edition Online, Cambridge University Press.
Federal Communications Commission, Trends in the International Telecommunications Industry 1998 and 2005.
International Data Corp. (unpublished data).
David L. Hummels (forthcoming), "Trans��portation Costs and International Trade in the Second Era of Globalization," Journal of Economic Perspectives.
Inflation and trade openness data are for 1987-2003. The horizontal axis measures the growth in a sector's import-to-production ratio. The vertical axis measures the inflation in a sector's producer prices relative to the economywide average.
World Bank, World Development Indicators database.
International Monetary Fund, World Economic Outlook, April 2006.
World Bank, World Development Indicators database.
BEA, national and international economic accounts.
Nash Information Services, www.the-numbers.com, movie budget records.
ITU, Information and Communication Technology statistics database (ICT Eye).
The chart illustrating educational gaps covers only countries with populations that exceed 30 million.
OECD, Education at a Glance, 2006.
Robert Barro and Jong-Wha Lee (2000).
OECD, Science, Technology and Industry Outlook 2006.
Chinese Ministry of Education.
Viacom, www.viacom.com.
Discovery Networks International, http://corporate.discovery.com.
News Corp., Fox International Channels, www.newscorp.com.
CNBC, www.cnbc.com.
BBC World, www.bbcworldwide.com.
A&E Television Networks, www.aetninternational.com.
Bloomberg, http://about.bloomberg.com.
London Business School Media Club, www.londonmediaclub.org/summit/sponsors.html.
TV5 Monde, http://tv5.org.
World Bank, World Development Indicators database.
Photo Credits
(c) 2007 Intuitive Surgical Inc., p. 4.
(c) 2007 Chuck Kuhn, p. 8.
Columbus Regional Airport Authority, p. 9.
J.C. Penney Co., p. 10.
Preben Bailey, International Shopfitting Organisation, Sweden, p. 11.
Encysive Pharmaceuticals Inc., p. 17.
Courtesy of Texas Instruments Inc., p. 20.
National Human Genome Research Institute, p. 22.
On the Cover
The Internet Explosion. The graphic, created in one day on a single computer, represents the Internet's networks and nodes as of November 2003. The colors correspond to geographic regions: orange for North America, yellow for Asia–Pacific, red for Latin America and the Caribbean, and green for Europe, the Middle East, Central Asia and Africa.
Photo courtesy of Barrett Lyon, The Opte Project.
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