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Open Think Tank Articles
Kishore Mahbubani: It has taken Europe’s leaders some time to adjust to Asia’s rise, and the implications of that for EU policymaking. Unrest in the Middle East points to some lessons the Europe could learn from Asia. Kishore Mahbubani remembers Brussels’ condescensions and counsels a fresh EU approach.
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Alexandra Dobra: The theoretical backing of the so-called economics of happiness provide a frame for pragmatic state-led intervention in the form of public policies. However, if their character is too ethnocentric and they are badly implemented, there is a danger that they will become paternalistic.
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NATO: The Foreign Ministers’ meeting in Tallinn marked the launch of the NATO Afghan First Policy aimed at increasing NATO-ISAF’s support for the local economy in Afghanistan. The policy aims at facilitating the procurement of local goods and services through simplified bidding and contracting procedures in Afghanistan. This will allow qualified and certified Afghan firms to run as prime competitors for NATO-ISAF contracts.
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Jay Thomas Chittooran: This paper focuses on the relationship between economic growth and income distribution. Previous attempts to study this relationship have ignored, for the most part, government social spending aimed at the redistribution of wealth.
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Marcin Szwajkajzer: China must recognize that the global financial crisis is recalibrating the international economy. This realization is quickly dawning on the CCP as they drive to boost domestic consumption and promote the Yuan internationally. Can this sustain growth?
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Eimear O'Casey: Dubai’s growth came at the expense of the human rights of Asian and African workers, and against the fragile environment. Westerners moving to Dubai have a responsibility to end their ignorance toward this unfair society.
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Ethan Christian Arrow: The rapid growth of India and China is reshaping the present international order. Representatives of these nations elucidate their intention to replicate the West’s wealth without replacing its established international order. Following such a path, without first securing democratic freedoms and institutions, will however, prove problematic.
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Nouriel Roubini: The Financial Times recently interviewed economist Nouriel Roubini regarding the current US housing market problem and the potential for an extended US recession. Roubini addresses the outlook of the US economy, mortgages, potential policy action—The Frank-Dodd bill, Fed policy, and the outlook of financial markets.
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Ulf Gartzke: Bush’s last-minute climate change proposal threatens the historic consensus that was to be Merkel’s crowning achievement as G8 president. Is Bush serious about reducing greenhouse gases, or could this be an attempt to sabotage the Summit?
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Global Must Read Articles
The US-China relationship suffers from a mutual lack of trust. ++ A zero-sum view of the world sees any Chinese economic or military gains as “expansionary” at the expense of the West, just as Beijing is suspicious of a dysfunctional and “trigger-happy” US. ++ Despite decades of interaction, “increased interdependence has not led to better understandings”
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China has criticized the US for its debt problems, but Beijing’s own growth model is “fraught with difficulties”. ++ Since US and EU debt issues leave its export-driven economy vulnerable to market fluctuations, Beijing must bolster domestic demand. ++ It can do so by relocating industry to cheap-labor inland provinces and encouraging coastal regions to focus on service and
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The sad truth of the matter is that global income distribution in the year 2010 looks not so very different from that under the Apartheid regime in South Africa. In spite of a myriad of development projects, there is still a great chasm between rich and poor countries. However, one tool has as yet been left untried in attempts to bridge the divide: labor mobility. Increased freedom for workers to
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Despite the current economic improvement in the US, global prospects still leave room for scepticism. ++ “The world can no longer rely [on] growth [for] free-spending Americans, because the US needs export-led growth.” ++ Developing countries could replace America globally, if they increased domestic spending and imports. ++ Worldwide trade imbalances are rooted in Asian states’
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Eventually, Europe and the US must be seen as two gravely different societies. ++ America shouldn’t look up to the “bureaucratic powerhouse of the EU” as it was unable to cope with recent crises. ++ There is an essential link between the countries’ different need for economic growth and strongly varying demographic expectancies. ++ In order to maintain living standards, “America’s… emphasis
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China can revive the world economy by strengthening its consumption. ++ Its industrial development has been shaped by US consumer demand and “US consumption has in turn been fueled by Chinese lending that kept interest rates low.” ++ This circle is broken - the US economy is in a recession and the Chinese are failing to fill the gap. ++ China has the resources to undertake stimulus
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Economically speaking,
Arab states have developed at a strikingly slower pace in the last 20 years
than most other regions in the world. This is particularly true for the Arab Mediterranean, including Jordan, Egypt, Tunisia, Algeria and
Morocco, which have failed to capitalize on their especially advantageous
geo-strategic position “at the crossroads of three continents, with
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It has been unchallenged that export-led growth is the way to go for developing countries. ++ In light of the global slowdown, however, it is likely that the EU and US will become less hospitable to developing nations’ exports. ++ South-south trade cannot help, because emerging economies trade similar products and countries such as Brazil already struggle in the race with China. ++ Future
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In times of elections, it becomes obvious that both the right and the left promise the same thing which is economic growth. ++ However, the growth strategies and the ideas about the role of the state differ from each other. ++ The right-wing assumption that in the long run markets are “self-correcting” was proven wrong by recent developments in the US economy. ++ Therefore, the left has a more
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With regard to the global slowdown, it would be wise if China privatized state-owned assets in order to transform China’s growth model from being export-driven to being stimulated by domestic consumption. ++ Even if the country’s assets in government hands supported the emergence of an industrialized economy in the past, it is time for the government to share the wealth through economic growth
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The Western coupling of China and India as rising powers overlooks drastic differences between the two countries. ++ China began liberalization first, and its growth has put it “in a totally different economic league from India.” ++ Yet despite pro-Tibetan protests in India and border disputes, the two countries would do well to work together. ++ India excels in the software sector, while China’s
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The inner-workings of the sub-prime crisis in the United States are explored by the BBC. Scrutinized are its origins and its effects, but particularly the role of the mortgage bond market in the outcome and current challenges.
The city of Cleveland is used as a representative example of the complications, given financial institutions capitalized on its predominant character as working-class,
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