Economics

Research Links

Debt and Deficits

What's the difference between debt and deficit? What does the "fiscal cliff," a combination of tax increases and spending cuts, mean for deficit reduction? Research Links on Debt and Deficits provides news, research, data, and proposed solutions on debt and deficit in the United States (local and federal) and international comparisons.

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

Primary Sources

Documents on the U.S.-Africa Leaders Summit and the 13th Annual AGOA Forum

During August 4-6, 2014, President Barack Obama convened the U.S.-Africa Leaders Summit, the largest gathering of African heads of state and governments ever assembled by a U.S. President. Fifty-one leaders focused on sustainable development, trade, collaboration, investment, and America's commitment to Africa's security, its democratic development, and its people. The summit took place during the same time as the 13th Annual African Growth Opportunity Act Forum.

See more in Africa (sub-Saharan); United States; Trade; Diplomacy and Statecraft

Op-Ed

The Myth of Bretton Woods

Author: Benn Steil
Wall Street Journal

Benn Steil's op-ed in the Wall Street Journal debunks the popular notion that the famous 1944 Bretton Woods agreements—establishing the IMF, the World Bank, and a dollar-based fixed exchange-rate system—were important in reviving global trade and growth after World War II. In fact, dependence on bilateral trade and inconvertible currencies was greater in the early postwar years than it was in the 1930s. The Marshall Plan and the creation of the GATT were, he argues, far more powerful instances of effective, enlightened, and enduring internationalism emerging from the war.

See more in Global; Economics