The Obama administration’s deadline for Iran to enter discussions on the nuclear issue has passed. In spite of claims from Washington that “all options are on the table,” the economic crisis makes a military response to Iran infeasible. […]
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. […]
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. […]
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 financial crisis has had a disproportionate impact on migrants, who are among the most economically and politically vulnerable of the world. Host country governments should resist calls to expel foreign workers and instead extend them the protection of social programs. […]
Though global economic activity is beginning to stabilize, it is too early to say that a sustained recovery has begun. Considerable risks remain that the healing process could be interrupted by new shocks. To mitigate these risks, policies must remain proactive. […]
Ironically, the United States is among the countries least affected by the financial crisis. Financial markets have been hardest hit in Argentina and in Eastern European countries such as Ukraine and Hungary. […]
Following through on promises made at the G20 meeting in London to help triple IMF resources will not only help hasten economic recovery, but also bolster U.S. leadership in a world economy on which it is increasingly reliant. […]
The global economy is on a knife-edge, teetering between a vicious and a virtuous cycle. Policies in response to the crisis will determine whether the global economy emerges in a high or low equilibrium. […]
The economic crisis may force policy makers to revise their view that open borders are a good thing. Now is the time to take bold steps to forestall a protectionist resurgence. […]
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