Emerging Markets Reshaping the World
Developing countries are transforming every aspect of global economic interaction. Global leadership is needed to ensure that this shift is marked by increased prosperity rather than conflict. […]
Month: June 2011
The Capital Flow Conundrum
The assumption that capital should flow from rich to poor countries is not only overly simplistic, but it also encourages developing economies to attract dangerous capital flows that they do not need and cannot absorb. […]
Growing Economies, Rising Problems
The fast rise of emerging economies brings an enormous opportunity to increase global prosperity, but also could generate dangerous conflicts. Global leaders must develop the means to mediate them. […]
The Poor Will Inherit the Earth
In the coming decades, the unprecedented emergence of the world’s poor countries as the largest global economies will both extend the frontier of prosperity and create massive tensions and unpredictable risks. […]
Reshaping the Global Economic Landscape
Within a generation, developing countries will likely account for six of the world’s seven largest economies and dominate world trade. […]
Yes, the United States is Competitive
Despite politicians lamenting the decline of U.S. competitiveness, America remains one of the most competitive and productive nations in the world. Policy makers should instead focus on the real problem: spending. […]
Power Implications of the 21st Century Economy
Within a generation, developing countries will likely account for six of the world’s seven largest economies and dominate world trade. How will this affect international relations and governance in the context of globalization? […]
The Future of the Renminbi as an International Currency
China is promoting the use of its currency for trade and investment, but this will eventually require China to open its capital account and make its exchange rate more flexible—moves that political considerations may block for years to come. […]