Economics

Backgrounder

Abenomics and the Japanese Economy

Author: Beina Xu

Japanese Prime Minister Shinzo Abe has focused his second term in office to implementing an audacious set of economic policies designed to spur the country out of its decades-long deflation and sluggish growth, explains this Backgrounder.

See more in Japan, Economics

Ask CFR Experts

How long will it take southern Europe to rebound from the eurozone crisis, and how will that affect the rest of Europe?

Asked by Jackson Ryan, from King HS

The debt crisis that has hammered southern Europe since 2010 will have long-lived economic effects, despite the moderation in Spanish and Italian government borrowing costs since the European Central Bank's "Outright Monetary Transactions" initiative last September.

Read full answer

See more in Western Europe, EU, Economics, Financial Crises, EU, IMF

Audio

Economic Competitiveness and a North American Market

Speaker: Robert A. Pastor

Robert Pastor, professor and founding director of American University's Center for North American Studies, leads a conversation on the findings of his recent CFR Policy Innovation Memorandum, Shortcut to U.S. Economic Competitiveness: A Seamless North American Market, as part of CFR's State and Local Officials Conference Call series.

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Ask CFR Experts

Where do you see Brazil in 2020? As a country with the lowest growth rates among the BRICS, is the dream over for Brazil?

Asked by Fagner Dantas, from Universidade Federal da Bahia

The Brazilian government faces a number of challenges and opportunities concerning its economic forecast in the coming years. After peaking at 7.5 percent growth in 2010, Brazil's recent economic slowdown has caused worry that the dream of a new high-growth economy had slipped out of reach.

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See more in Brazil, Economics, Economic Development, Emerging Markets, Financial Crises, Geoeconomics

Primary Sources

Joint Statement of the Fifth BRICS Summit in Durban, March 2013

The fifth summit of the BRICS (Brazil, Russia, India, China, South Africa) countries met in Durban, South Africa March 26 and 27, 2013, to discuss "political and economic coordination." They released their fifth summit declaraction, "BRICS and Africa: Partnership for Development, Integration and Industrialisation," which includes plans for a BRICS development bank.

See more in Emerging Markets, Trade

Transcript

Economic Prospects for the Eurozone

Speaker: Willem H. Buiter

Willem H. Buiter, chief economist at Citigroup, discusses break-up risk, sovereign debt restructuring, bank creditor bail-ins, debt mutualization, austerity, and growth in the Eurozone.

See more in EU, Economics

Audio

Economic Prospects for the Eurozone

Speaker: Willem H. Buiter
Presider: J. Tomilson Hill

Willem H. Buiter, chief economist at Citigroup, discusses break-up risk, sovereign debt restructuring, bank creditor bail-ins, debt mutualization, austerity, and growth in the eurozone.

See more in EU, Economics

Video

Economic Prospects for the Eurozone

Speaker: Willem H. Buiter
Presider: J. Tomilson Hill

Willem H. Buiter, chief economist at Citigroup, discusses break-up risk, sovereign debt restructuring, bank creditor bail-ins, debt mutualization, austerity, and growth in the eurozone.

See more in EU, Economics

Article

Egypt’s Financial High Noon

Author: Isobel Coleman
Foreign Policy

Isobel Coleman writes that while it is widely recognized that food and fuel subsidies in Egypt are expensive and inefficient, Egyptian leaders do not want to touch the political third rail of subsidy reform. But they also realize that the country's fiscal situation is untenable without it. Sooner or later, serious subsidy reform is inevitable, and a well-planned process is preferable to the alternative.

See more in Egypt, Economic Development, Energy/Environment