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. […]
Recovery came faster than expected in 2009 and forecasts seem to be underestimating the outlook again—this time for 2010. The consequences of underestimating growth remain milder than those of overestimating it, however, and policy makers should not accelerate stimulus withdrawal. […]
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. […]
Russia is the only major economy that is not a member of the WTO, but discussions over its accession have intensified, giving rise to important questions about the implications for world trade. […]
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. […]
Leading economists describe the 2007-2009 economic crisis as the worst since the Great Depression, causing regulators worldwide to question the system that has drive the world’s economy for the past two decades. […]
By 2050, emerging countries in Asia and Latin America are expected to become economic powers comparable to the United States and Europe, dramatically shifting the world’s balance of power. […]
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. […]
World leaders meeting at the G20 summit in Pittsburgh must tread carefully as they plan to withdraw government stimulus from their economies and insist that countries enact reforms needed to prevent a future crisis. […]
The financial crisis underscored the importance of the World Trade Organization in warding off protectionism, but as the WTO is increasingly bypassed in trade reform, questions arise about its role in world trade. […]
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