Economics

Book

The Fix

Author: Jonathan Tepperman

A provocative look at the world's most difficult, seemingly ineradicable problems—and the surprising stories of the countries that solved them.

See more in Global; Economics

Foreign Affairs Article

America’s Brewing Debt Crisis

Author: Robert E. Litan

“Although short-term debt poses one of the greatest threats to the financial stability of the United States, Dodd-Frank has done little to mitigate it. Fortunately, several experts have proposed ambitious ways of dealing with the problem, including expanding federal insurance of bank deposits, allowing the Federal Reserve to lend money to more firms in the case of a panic, and banning unregulated financial institutions from issuing runnable liabilities,” writes Robert E. Litan.

See more in United States; Budget, Debt, and Deficits

Other Report

Global Economics Monthly August 2016

Author: Robert Kahn

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that markets have absorbed the initial economic shock from Brexit, but navigating the new landscape will remain a challenge. Two months after the vote, the politics of Brexit is producing a lengthy and uncertain renegotiation of Britain’s place in Europe and the world. Such extended uncertainty is likely to produce a long-lasting drag on both UK and European economies, which could ultimately threaten the viability of the European Union (EU).

See more in Europe; Economics

Event

Private Sector Innovation and Women’s Entrepreneurship

Presider: Rachel B. Vogelstein
Speaker: Sarah Thorn
Speaker: Jane Nelson

Jane Nelson and Sarah Thorn will discuss strategies to grow women’s entrepreneurship worldwide, with a particular emphasis on the role of the private sector. They will address the importance of public-private partnerships to train female entrepreneurs and facilitate the integration of women-owned businesses into global supply chains. This meeting is part of a high-level series on women and development, generously sponsored by the ExxonMobil Foundation. 

See more in Ivory Coast; Entrepreneurship

Article

The TPP Debate Has Devolved Into Generalizations. What’s Actually in the Deal?

Author: Edward Alden
World Politics Review

U.S. President Barack Obama has promised to continue his push for Congress to approve the Trans-Pacific Partnership (TPP), despite firm opposition to the free trade agreement from both of the major candidates for president, including his former secretary of state, Hillary Clinton. “Right now, I’m the president and I think I’ve got the better argument,” he told reporters following a meeting Tuesday with Singapore’s prime minister, Lee Hsien Loong.

See more in United States; Trade; Treaties and Agreements

Op-Ed

Among High-Growth Firms, Reason for Optimism on Startups. (Really.)

Author: Robert E. Litan
Wall Street Journal

Think Tank readers know of my pessimism about the 30-year secular decline in the startup rate–the ratio of new U.S. firms with at least one employee as a share of all firms–through 2011. Labor Department data out Wednesday that looked at new firms and jobs created in the last quarter of 2015 showed how the numbers are down since the recession ended compared with pre-recession data.

See more in United States; Financial Markets

Other Report

Global Economics Monthly July 2016

Author: Robert Kahn

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that summer has seemingly brought a new optimism about the Russian economy. Russia’s economic downturn is coming to an end, and markets have outperformed amidst global turbulence.  But the coming recovery is likely to be tepid, constrained by deficits and poor structural policies, and sanctions will continue to bite. Brexit-related concerns are also likely to weigh on oil prices and demand. All this suggests that Russia’s economy will have a limited capacity to respond to future shocks.

See more in Russia and Central Asia; Economics