With emerging markets surging ahead and the United States and other wealthy countries engulfed in a crisis that shows no sign of ending, it is worth asking if rich countries are in a growth trap—and should perhaps seek advice from their developing neighbors. […]
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. […]
Financial market turmoil and U.S. debt woes threaten to undermine the global recovery, but the biggest danger to the world economy comes from Europe and its worsening debt crisis. […]
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. […]
While a temporary default is not likely to fundamentally alter the global economic dynamic, the U.S. budget imbalance and uncertainties over whether Washington will address that imbalance are major contributors to international tensions. […]
If the debt ceiling debate can help Americans begin to confront the country’s fiscal anomalies—beginning with its huge healthcare costs, relatively low taxes, and defense budget—it is to be warmly welcomed. […]
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. […]
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. […]
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