Economics

Event

The Finance Industry and Its Impact on the U.S. Economy after the Great Recession

Speaker: Rana A. Foroohar
Speaker: John P. Lipsky
Speaker: Joseph E. Stiglitz
Presider: Peter R. Fisher

Experts discuss the growth of finance in the U.S. economy since the Great Recession and its impact on business production and income inequality, and whether government regulations introduced after 2008 have proven effective in preventing another recession.

See more in Global; United States; Financial Markets; Banks and Banking

Other Report

China’s G20 Challenge

China’s leadership of the Group of Twenty (G20) in 2016 comes at a moment when the role of the G20 itself is being challenged. CFR's Maurice R. Greenberg Center for Geoeconomic Studies and the Asia Global Institute convened a workshop in Hong Kong to assess the agenda facing the G20, why the group had fallen short of expectations in recent years, and whether China’s leadership in 2016 provides an opportunity for renewal. 

See more in China; Economics; International Organizations and Alliances

Article

China-Korea Relations: New Sanctions, Old Dilemmas

Authors: Scott A. Snyder and See-won Byun
Comparative Connections

North Korea’s fourth nuclear test in January and long-range rocket launch in February drew global opposition in the form of UN Security Council (UNSC) resolution 2270 and condemnation by regional leaders. Pyongyang promptly dismissed such calls with a series of short- and mid-range missile launches in March and April. 

See more in China; North Korea; Sanctions; Regional Security

Other Report

Global Economics Monthly May 2016

Author: Robert Kahn

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that the crisis in Venezuela continues to escalate, with no recovery or relief in sight. A messy and chaotic default looms, and the rescue will likely involve a tough adjustment program, large-scale financing from international policymakers, and deep sacrifices from Venezuela’s creditors and, most of all, the Venezuelan people. China’s role, as Venezuela’s largest creditor, will be critical and precedential for other emerging market commodity exporters with too much debt.

See more in Americas; Economics

Other Report

The Transatlantic Trade Investment Partnership as a Foreign Policy Tool

What are the ways in which the Transatlantic Trade Investment Partnership (TTIP) could advance the noneconomic foreign policy interests of the United States, the European Union (EU), and EU member states? The Council on Foreign Relations gathered experts—including current and former policymakers, economists, political scientists, investors, and business representatives—to explore whether and how the still-evolving TTIP could be designed to meet foreign policy objectives.

See more in Europe; Trade; Treaties and Agreements