The international monetary system helped countries liberalize trade and limited protectionism during the Great Recession. But countries with pegged exchange rates remain a threat to trade, especially if the peg is undervalued. […]
The ascendance of emerging economies has altered the fundamentals of international trade, creating an urgent need for the World Trade Organization to play a more proactive and substantive role in this new 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. […]
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. […]
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. […]
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. […]
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. […]
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? […]
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. […]
In the years to come, the rise of emerging economies will reshape the global economic landscape. This monumental shift will enhance prosperity but also create great tensions that could stop progress in its tracks. […]
Copyright © 2024 | Economic Policy International
