Dr. Kim Comes to the World Bank
While Jim Yong Kim is a strong nominee for president of the World Bank, it is interesting to imagine how a more desirable and honest nomination process could unfold. […]
Op-Ed
Will the Emerging Markets Boom Last?
Over the past 20 years, emerging economies have not only grown faster than advanced countries, but outperformed market expectations–leading to significant returns on investment. Whether this will be the case in the future remains to be seen. […]
The World Bank’s Quota System for Leaders
The selection process for the World Bank’s top job is far from competitive, but focusing on the presidency obscures the extent to which other high-level positions at both the Bank and the International Monetary Fund are also quota-driven. […]
Is There Life for the G20 Beyond the Global Financial Crisis?
In 2008, the G20 proved to be an effective forum for coordinating action to stem the global financial crisis. But now that the storm has passed, it remains to be seen if the G20 is capable of assuming leadership on key economic governance issues. […]
The United States Beyond 2012
The United States is well positioned to benefit from globalization and the rise of emerging markets, but it must first confront its economic challenges, regain a measure of political consensus, and reestablish its capacity to lead. […]
Is the Labor Market Global?
While it may no longer be possible to provide manufacturing workers the kind of security they once enjoyed, given the fact that technology and globalized markets are changing too quickly, a much better job can be done to help workers adjust to these changes. […]
Wounded Giants
French President Sarkozy’s request for Chinese money in support of the euro rescue symbolized three historic shifts in great power relations: the fragility and endangerment of the European project, the ascendance of China, and the beginning of the end of the American era. […]
Surviving the Storm is the First Priority
To save the euro, Europe must not only put out the immediate fire, but also act to prevent future fires by layering both fiscal and political unions on top of its currency union. […]
The Great Recession and the Rich-Country Trap
With emerging markets surging ahead and the United States and other wealthy countries engulfed in a crisis that shows no sign of ending, it is worth asking if rich countries are in a growth trap—and should perhaps seek advice from their developing neighbors. […]
Germany’s Choice
Leaders in Germany and other eurozone countries are starting to recognize that dealing with the euro’s problems requires not just austerity and structural reforms in the periphery but also a much closer fiscal union. […]