The Copenhagen Accord represents a step forward in dealing with the climate change, but two problems—the insistence on binding, internationally-agreed-upon targets and the conflation of the mitigation and aid agendas—should be avoided in the future. […]
While China’s role in global trade is continuing to grow, the dollar, not the yuan or the euro, will remain the world’s leading reserve currency for the foreseeable future. […]
Russia is the only major economy that is not a member of the WTO, but discussions over its accession have intensified, giving rise to important questions about the implications for world trade. […]
Since the start of the financial crisis, questions about sovereign wealth funds, which had $3.9 trillion in assets in 2008, have been at the forefront of discussions regarding financial stability and global politics. […]
Migrants are economic assets for both their host and home countries, but they are disproportionately affected by the global financial crisis. Temporary migration programs and collaboration with migrant-sending countries can help maximize the economic benefits of migration, even in times of crisis. […]
Copenhagen is not likely to deliver a legally-binding, multilateral agreement on carbon emissions. However, trade negotiations provide lessons on how to enact far-reaching reforms even in the absence of a global deal. […]
Leading economists describe the 2007-2009 economic crisis as the worst since the Great Depression, causing regulators worldwide to question the system that has drive the world’s economy for the past two decades. […]
By 2050, emerging countries in Asia and Latin America are expected to become economic powers comparable to the United States and Europe, dramatically shifting the world’s balance of power. […]
The recent emphasis on the trade imbalance between the United States and China—which was high on President Obama’s agenda in Asia this week—is largely misplaced and diverts attention from more pressing domestic problems. […]
The G20 has claimed its spot as the world’s leading economic forum. Though it failed to adequately address trade, the group did discuss climate change, signaling a shift from crisis control to a long-term focus. […]
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