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. […]
After the failure of the U.S. “supercommittee”—which may mark the beginning of a multi year impasse—it is far from clear that Washington lawmakers will be able to address the country’s fiscal problems before the markets turn. […]
The Arab Spring has toppled three governments and galvanized change across the Middle East. But fiscal, external and labor market imbalances are widening, and both new and old governments are under pressure to deliver simultaneously on political, economic, and social fronts. […]
Given the economic problems facing both sides of the Atlantic, Europe and the United States can best support democratic transitions in Arab countries through enhanced trade agreements that improve market access and maximize job-promoting reforms. […]
Because the U.S. economy is both competitive and flexible, policy makers in the United States can afford to be bold in tackling the country’s large fiscal problem. […]
To gain the popular legitimacy needed for a sustained political transition, Egypt’s government will need to show progress on the economic front. What happens in Egypt is pivotal in determining the course of the rest of the region. […]
The Middle East and North Africa have seen more change in the last three months than in the previous fifty years and the current turmoil will have far-reaching and, in the short-run, adverse economic implications both within the region and beyond. […]
The international community must provide support to countries across the Middle East in order to contain the numerous financial and economic risks created by the current unrest. […]
Turmoil in the Middle East has injected huge uncertainty into oil markets. Could unrest spread to Saudi Arabia, Iran, or others in the region and disrupt oil supplies? What will be the consequences for the global recovery? What can policy makers do? […]
For primarily political reasons, the fiscal policies of the United States and the United Kingdom diverged dramatically in 2010, as British leaders introduced a harsh austerity program while U.S. policy makers agreed to extend tax cuts. […]
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