Doll(ar)-Drums?
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. […]
Western Europe
Migrants and the Global Financial Crisis
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. […]
Hold the Champagne: Economic Challenges Ahead for Europe
Carnegie’s Uri Dadush and Denis Redonnet discussed how the economic crisis is affecting the EU and its member states, and how Europe can work together to create effective solutions. […]
G20 Falls Short on Crisis Response, but Advances a New World Order
The G-20 fell well short of an adequate response to the grave global economic situation at its summit in London this week, but took a big step in recognizing the increasing significance of developing economies in the global economy and reflecting their interests. […]
The G20 and Depression Risk
Global depression is not the most likely scenario to result from the financial crisis, but it’s foolish to ignore the possibility. At the G-20 meeting this week, leaders must increase domestic stimulus measures, triple the IMF’s resources, and renew their commitment to avoid protectionism. […]
The World Economy on a Precipice
Although recovery from the global financial crisis will likely occur in 2010, forecasts are imperfect and great economic damage has already been done. Leaders at the upcoming G20 summit must adopt more ambitious and coordinated policies to address this crisis. […]
The Threat of Protectionism During the Financial Crisis
Drops in Chinese export figures and declines in world GDP suggest there will not be an economic recovery in the fourth quarter of 2009. The upcoming G-20 meeting must focus on halting the contraction as opposed to reforming the financial architecture. […]