Did the G20 Lose its Seoul?
Despite headlines proclaiming otherwise, the G20 summit made substantial progress on several issues, including financial and IMF governance reforms and the rejection of current account and currency targets. […]
Global Governance
How to Avoid a Currency War
Threats of a currency war hang in the air, but few countries have actually seen their exchange rate appreciate significantly. Major world economies should refocus on domestic policies before the rhetoric turns into reality. […]
G20 Could Shed More Light, Less Heat
While the G20 is right to concentrate on short-term macroeconomic policy for now, its rhetoric must shift to better reflect reality, and more attention needs to be paid to structural reforms. […]
Why is Obama Calling Merkel?
The United States has a vital interest in containing the Euro crisis, and Germany’s leadership or lack of it will determine whether the response to the crisis succeeds or the euro zone unravels. […]
After Copenhagen
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. […]
Copenhagen and the Lessons From Global Trade Reform
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. […]