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All items tagged global economyOpen Think Tank ArticlesNovember 14, 2011 | Why Europe Must Up Its Game in AsiaFraser Cameron: America’s new Pacific engagement should be a wake-up call to Europeans. It is both a signal that they have been neglecting an Asia policy and a reminder that the EU must be more serious about providing for its own defense and asserting its influence as a populous and economically powerful union. ... MoreNovember 13, 2011 | Europe in America's Pacific Century: Theme Week IntroductionEditorial Team: Delegations from the US, Russia, China, and other global players will meet with the Association of Southeast Asian Nations at joint ASEAN-East Asia summits beginning November 17. Neither the EU nor any member states will be there. Now, as America refocuses its attention on the Pacific, we take a look at how the EU must face its transatlantic and Asian partnerships in the “Pacific Century.” ... MoreSeptember 10, 2008 | The Shift in Global Power Calls for More Burden SharingAnna Wojnilko: Institutions for global governance must become more balanced; the United States and the European Union cannot continue to carry the onus of global decision-making on their own. The emerging economic powers must be given more say in multilateral organizations and also take on more international responsibility. ... MoreGlobal Must Read ArticlesAugust 8, 2011 | Doomed to an Economic Double-Dip?The world economy risks a double-dip, a second severe recession, thanks to an EU debt crisis, fiscal instability in the US, and slow manufacturing seemingly everywhere else. Policy makers are quickly running out of options to trigger recovery. ++ Now, economies that still have market access should “introduce new short-term fiscal stimulus while committing to medium-term fiscal ... MoreDecember 11, 2009 | Banks Must Serve the Global CommunityEurope must lead the way in forging a new financial consensus, as fundamental issues must be addressed globally. ++ We live in an age where national economies have been eclipsed by global structures, so financial standards must be likewise modernized. ++ There is an urgent need for a new compact between banks and the society they serve. ++ There must be a worldwide process to improve financial ... MoreDecember 1, 2009 | The Slowmotion DefaultIn order to deal with massive deficits and US debts, international governments must press for a “permanently and greatly weakened” dollar. ++ Otherwise, to close the gaping holes in the American economy, taxes would have to be raised to sky-high levels while simultaneously slashing public spending: a tall order for any government. ++ The US dollar has been the king of the global economy, so its ... MoreSeptember 3, 2009 | Bernanke Still Blind to DangerObama’s re-nomination of Ben Bernanke to a second term as Fed chairman was a populist and bad decision. ++ Bernanke has to take huge responsibility for the global economic crash and it seems he has not learned from his mistakes. ++ To keep the Federal Reserve Chairman in office was a politically safe decision, but will ultimately prove disruptive. ++ “Perhaps after another four years of ... MoreAugust 27, 2009 | The Fed: Obama's Good ChoiceThe US President’s decision, to nominate Ben Bernanke for another term as head of the Federal Reserve Bank was right. ++ Bernanke remains the most qualified for the position, as the Princeton Professor is an expert in theory and praxis. ++ Although, Bernanke’s decision to let the Lehman Brothers crash proved to be a serious mistake, he accurately reacted in the immediate aftermath. ++ If there ... MoreMay 29, 2009 | Only China's People Power Can Bring Recovery US consumers won’t spend us out of the downturn - they lack the leverage: recession ends the old cycle of the US buying up Chinese goods, fueling global growth, building Chinese savings thus financing US borrowing. ++ Recovery is endangered. ++ May 6, 2009 | Major Indicators Show Recession is OverEconomic indicators show that the recession in the US could end as early as this month. ++ Consumer spending has increased, and claims for unemployment insurance have peaked. ++ Container imports and exports are both up at two major ports. ++ A bottom has most likely been reached forhome sales and housing starts. ++ More jobs may be still be lost, and there will be more defaults,foreclosures and ... MoreMay 4, 2009 | Robust Germany is a Pillar of the Global EconomyGermany’s economic stimulus efforts are comparable to the US’. ++ Strong financial, social welfare and regulatory systems have allowed Germany to absorb the shockwaves from the crisis and the nation is now boosting the global economy. ++ German households are in hardly any debt meaning consumption will actually increase in 2009. ++ The stability of German consumption is now the world’s ... MoreApril 17, 2009 | US Must Keep Its Reputation for RiskA push for Wall Street banks to be turned into heavily regulated, “talent-deficient” public utilities would see them take fewer investment risks, leading to lower economic growth and higher long-term unemployment. ++ A no-risk system fails to support start-up innovators and small businesses. ++ A push for simplified capital markets ignores the fact that today’s system solved a decade of ... MoreApril 15, 2009 | Protectionism Is Not the AnswerGovernments must cooperate to stimulate their economies and resist protectionism in response to the economic crisis. ++ Protectionism is short-sighted and could destroy the positive aspects of economic globalization which have encouraged international growth. ++ Protectionism will not stop other forms of globalization and could lead to the spread of disease, friction in nations with high ... MoreApril 10, 2009 | Help Africa to Continue Its DevelopmentThe economic crisis threatens to undo the progress made across Africa. ++ It has been achieved as a result of stronger leadership, more accountable governments and effective development aid. ++ Funds from the IMF and World Bank are still required, as well as strong export market, to allow development to continue and not suffer from a crisis Africa did not create. ++ Protectionism must be avoided ... MoreApril 7, 2009 | The Economic Recovery Versus Economic NationalismDespite the agreement at last week’s G20 meeting, concerns exist that protectionism will come to the fore. ++ The Chinese proposal to replace the US dollar as the international currency is emblematic of this. ++ For decades the dollar has “lubricated global prosperity” but overreliance can also backfire. ++ There is no obvious replacement for the dollar as the euro and the yen are not suitable ... MoreMarch 25, 2009 | China to the RescueBrazil, Russia, India and China, the “BRIC” countries, have called the IMF to implement sweeping reforms “to adapt to the ever-changing global financial situation.” ++ To give the IMF greater legitimacy, reforms should “give proper representation to and increase the say of emerging developing economies. ” ++ As the world’s third largest economy, China should get a place in the monetary body. ++ ... MoreMarch 11, 2009 | "Global New Deal" Answer to the Economic DownturnToday’s politics is global as well as local. ++ A global effort is required to “reduce the impact of the downturn and support a sustainable recovery.” ++ Problems in emerging markets and developing countries should not be ignored. ++ Increased funding to the IMF should be agreed by the G20 to increase lending and “prevent the spread of the crisis from corporations to countries.” ++ In addition, ... MoreMarch 3, 2009 | This Time Around, Think of EthicsThe financial crisis was not a total shock; some economists - Stiglitz - warned of the dangers which inhabited the global economy. ++ Currently, the use of public funds to revive the economy will only succeed if done in an ethical way which allows for “responsible state intervention.” ++ The financial crisis calls for ethical regulation and changing attitudes in industrialized ... MoreJanuary 23, 2009 | Nationalize the Banks, For GoodIt is a case of too little, too late for British PM Brown’s second banking-bail out. ++ The current halfway measures are a recipe for failure and “risk turning recession into slump.” ++ The solution is clear: nationalize the banks. ++ Calls for nationalization are coming from economist and CEOs alike, yet the Labour legacy leaves ministers allergic to the prospect of ... MoreNovember 20, 2008 | An Auto Bailout Would Damage Free TradeA bailout for the Big Three automotive companies could damage US engagement in the global economy. ++ Foreign investment and job insourcing would take a major hit, costing jobs and devaluing the dollar. ++ By expanding protectionist policies around the globe, the bailout would hinder US multinational businesses, including the Big Three auto-makers. ++ To keep up international competition, the US ... MoreOctober 10, 2008 | Gordon Brown: Global Fix for FinanceWorld’s financial systems are increasingly interdependent, and solutions to economic slowdown that used to be relevant are now “outworn dogmas.” ++ Cross-continental flows of capital make regional systems of supervision inadequate. ++ A global system of supervision needs to be introduced immediately. ++ The Financial Stability Forum and the International Monetary Fund need to ... MoreSeptember 26, 2008 | A New Financial Ethos NeededThe financial crisis evinces the exigent need for a “Global Monetary Authority.” ++ No international framework exists for dealing with such crises; the vacuum is perilous. ++ Financial wealth is shifting to the East; the result will be a “clash of philosophies,” in which the American financial system will be contested. ++ The GMA would “set the tone for capital ... MoreSeptember 18, 2008 | A Strategic Economic Engagement with ChinaGiven the interdependence between the economic growth of China and the world, it is necessary to integrate China into the global economy system. ++ One option is the US-China Strategic Economic Dialogue (SED), which brings US and Chinese policymakers together to expand the bilateral relations. ++ Due to the long consultation that the Chinese government needs for decision making, the dialogue is ... MoreAugust 8, 2008 | Privatization Would Enrich China's CitizensWith 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 ... MoreJuly 23, 2008 | With 50-50 Chances for Success, Doha Needs a MiracleThis week the WTO gathers trade ministers to try and salvage the Doha round. ++ Decisions are tough and stakes are high: whereas success would boost the global economy and be “a historic achievement for multilateral diplomacy,” stalemate would be a dangerous setback. ++ If failure is attributed to the WTO’s lack of leadership and overambitious membership and agenda, the institution’s future ... MoreJune 9, 2008 | Tourism and Climate Change: The Guilty GainInternational tourism is undergoing very rapid changes. New travelling habits, an increased awareness of price, short notice and short term holidays - and the wish for more flexibility and individuality as well as rising energy prices are constantly creating new challenges for the tourism industry. Unpredictable incidents have added to this: terrorist attacks (New York, Bali, Djerbra, Morocco, ... MoreJune 2, 2008 | US Deficit and Sinking Dollar: The Agenda of a New G5The US dollar was for a long time the leading global currency against which all other foreign currencies were measured. The downside of this is that as a result, the USA has accumulated a huge trade deficit. In 2006, foreign goods and services purchased by Americans were worth 600 billion USD more than the goods and services they sold abroad. Every day, the US needs to draw on seven billion ... MoreApril 28, 2008 | Americans Are Growing Skeptical of GlobalizationInternationalist economic policy is no longer perceived to be in the interest of the working population in the US. ++ A new internationalism that mitigates adverse effects – inequality and insecurity – is required to maintain America’s commitment to an integrated global economy. ++ US should acknowledge the long term advantages of globalization as an indubitable producer of ... MoreApril 24, 2008 | Will the Chinese Change International Institutions?The appointment of a Chinese Professor, Lin Yifu, to the post of chief economist at the World Bank reflects the changes in the global balance of powers. ++ In the past, the World Bank, like the IMF, was traditionally dominated by American, Europeans, and their neoliberal agenda. ++ However as American financial pillars are now underpinned by Chinese money, it has become impossible to ignore ... MoreApril 15, 2008 | No Decline of the West but a Rise of the RestThe threats to US supremacy tend to be overstated. ++ China and Russia won’t achieve global domination while the post war arrangement goes on. ++ Yet to contain the progress of autocracy, protect and promote liberalism, and maintain its global power, the US should lead a democratic front within the framework of international institutions and cease discrediting its model with inappropriate ... MoreApril 14, 2008 | Purchasing in China is Becoming More ExpensiveThanks to its massive March 12, 2008 | US Recession Hurts EveryoneIt is wrong to think that China has supplanted America in driving the global economy - the US still contributes 5 times more to the world’s GDP than China. ++ Banks around the world are learning that the US has lived beyond its means and debt may not be repaid. ++ Though a US tax cut may help, it won’t be enough to prevent recession. ++ The extent of the damage may not be known until 2009. ... MoreApril 26, 2007 | Hands Off Hedge FundsThe current conventional wisdom on hedge funds—which have rapidly emerged as a major force in the world economy—is that they are dangerous and should be subject to much broader regulation. Sebastian Mallaby, economist for the American Council on Foreign Relations, offers a different view. Mallaby challenges the image of hedge funds as a threat to market stability and argues that they mitigate ... MoreApril 19, 2007 | Aon Corporation Measures Effects of Political Instability on the Global MarketThe Aon Corporation’s Political and Economic Risk Map provides a concise visual guide to risk management for international business ventures in 214 countries. Political volatility in individual states is measured by looking at specific threats to business practice, including potential political interference, terrorism, and supply chain vulnerability. Countries are color-coded according to the ... MoreApril 12, 2007 | Mirela Isic Argues For Transatlantic Free TradeA Transatlantic Free Trade Area (TAFTA) could provide new momentum for the transatlantic relationship, reports Mirela Isic of the Center for Applied Policy Research in Munich. An alliance that handles one third of world trade and produces more than 40% of world GDP would be a good safeguard against variations in the world economy such as those caused by integrating India and China into the world ... MoreApril 2, 2007 | Daniel W. Drezner on "The New New World Order"Tufts University professor Daniel Drezner highlights the Bush administration’s recognition of the shifting geopolitical order. The author of All Politics is Global credits the US for its multilateral approach on incorporating China, India and other rising powers into a reconfigured foreign policy strategy. But there are clear obstacles to US leadership in twenty-first century international ... MoreCommentsDecember 3, 2011 | Eurozone Stuck in Globalization Like every...January 14, 2011 | Here's the 2011 agenda as I see it:...April 28, 2009 | I think there is always room for more...October 1, 2008 | One has to thank Mr. Jeff Hathor for a...October 1, 2008 | Ways to improve human economy in the long...September 29, 2008 | To be or Not to be one of the following is not... |
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