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. […]
The forces that kept protectionism at bay during the financial crisis—chief among them, national laws, regional agreements, and structural economic shifts—should be the focus of future trade negotiations. […]
Although World Trade Organization policies helped limit the increase in protectionist measures during the recent financial crisis, a mutually reinforcing set of legal and structural changes in the world economy played a larger role in keeping global markets open. […]
With inflation rising in the developing world, advanced countries are bearing the brunt of the post-crisis adjustment—including reestablishing fiscal sanity—with little help from the vibrant emerging economies upon which the world have come to rely. […]
While markets seem calm for now, the failure of the EU’s recent summit, combined with Portugal’s recent request for aid and other political setbacks, leaves the euro area vulnerable to a relapse of crisis. […]
A series of crises in advanced countries—from the financial collapse two years ago to the devastating earthquake in Japan to a surge in oil prices—has greatly diminished their ability to deal with the next economic shock. […]
In order to prevent another boom-bust episode—this time in developing countries—policy makers must act soon to cool the rising temperatures in several rapidly growing emerging markets. […]
Reform of the international monetary system tops France’s agenda as chair of the G20 but a review of the system during the crisis suggests no major overhaul is needed. Instead, major economies must change their domestic policies to ensure that the system functions smoothly. […]
Despite the recent optimism in Europe, evidence that countries are dealing adequately with the underlying causes of the euro crisis remains scarce. For the European rescue to succeed, leaders must focus on structural problems, not just fiscal ones. […]
While almost every economy in the Middle East and North Africa region is projected to accelerate in 2011-2012, significant downside risks to this forecast remain. […]
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