How Should We Respond to Lower Oil Prices?
The politics of raising fuel taxes and simultaneously giving American households an income tax break may be impractical, but the economic logic of doing so remains compelling. […]
Russia
Emerging nations and the return of geopolitics—First Roundtable
A slowing global economy has uncovered wide disparities in performance across developing countries. Meanwhile, in 2014, growing tensions among large nations have elicited concerns about the return of geopolitics. […]
Emerging Markets Will Not Sink the World Economy
The difficulties of emerging nations are unlikely to become so severe as to endanger the global recovery. […]
Emerging Markets Unite!
A new initiative by the BRICS coalition of emerging countries, intended to establish a new development bank, will rival traditional development groups such as the IMF and World Bank and may shift the balance of power of the world’s economy. […]
The Botched Rescue in Cyprus
The decision to endorse a bailout deal that included a levy on bank deposits was legally dubious, morally unjustifiable, managerially inept, and economically foolish. […]
Emerging Markets Reshaping the 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. […]
Juggernaut: How Emerging Markets Are Reshaping Globalization
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. […]
Why Are Reserves So Big?
The dramatic increase in official foreign exchange reserves in developing countries has prompted accusations of protectionism, but developed countries are equally to blame for the recent increase. […]
Hot in the South
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. […]
Russia’s Accession to the WTO
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. […]