Economics

Foreign Affairs Article

Bean Counters to the Rescue

Author: Diane Coyle

What is a company worth? On its latest balance sheet, Apple showed assets of $261 billion, including $8.7 billion of “intangibles,” such as the positive views of the company held by consumers and investors.

See more in Global; Economics

Primary Sources

Remarks by European Commission President Juncker on the State of the Union

On September 9, 2015, European Commission President Jean-Claude Juncker spoke about issues the European Union is facing, including the influx of refugees, the relationships of Greece and of Britain to the EU, the conflict in Ukraine, and climate change. He released updates for the European Agenda on Migration and for the ten priorities of the European Commission (first outlined in 2014).

See more in EU; Eurozone; Grand Strategy

Article

The New 'Two Chinas' Question

Author: Richard N. Haass
Project Syndicate

Today there is an emerging two China question centering on the future of the country and whether China is best understood as a strong country, one with a promising future despite some short-term difficulties, or whether China’s troubles are structural, with the result that it is in real trouble and its future in some doubt. In short, two very different Chinas. 

See more in China; Development; Economics

Other Report

Global Economics Monthly: August 2015

Author: Robert Kahn

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that China’s request to include its currency, the renminbi (RMB), in an International Monetary Fund (IMF) currency basket, known as special drawing right (SDR), is political as much as economic in intent and effect. The inclusion would signal a milestone in China’s transition to a less-regulated economy. 

See more in China; Economics

Testimony

Greece's Euro Future and U.S. Policy

Author: Robert Kahn

In his testimony before the Senate Committee on Foreign Relations' Subcommittee on Europe and Regional Security Cooperation, Robert Kahn argues that although Greece's direct trade and financial links to the U.S. economy are small and there is less of a direct systemic threat to the United States than when the crisis began in 2009, the risks are still material.

See more in Greece; Eurozone; Financial Crises