Robert Hormats and Jim O'Neil of Goldman Sachs International write that the next president will need a new set of policies to address a changing global economy. They say the United States must "boost its own competitiveness and further open foreign markets for its goods and services." They also call for the creation of a "more representative global economic policy architecture to reflect the ongoing shifts in financial wealth, commodity power and trade flows."
Authors: Cecilia Tam, Michael Taylor, and Dolf Gielen
Global cement production grew significantly from 1970 to 2005, with the vast majority of the growth occurring in developing countries. In terms of CO2 emissions, cement production is the most important activity in the non-metallic minerals category. This paper sets out some of the initial data collected for a separate IEA analysis report on the energy demand, CO2 emissions and CO2 emission reduction opportunities in the cement industry.
China’s sovereign wealth fund looks more like a state agency for managing financial sector investments than a diversified global fund manager, says Brad Setser in a piece that first appeared in the May 2008 issue of Emerging Markets.
John W. Bruns, the senior executive based in China for Boeing’s commercial airplanes division, says Chinese ventures to build large commercial aircraft present both opportunities and challenges for established aerospace firms.
Romania and Bulgaria have entered a European Union that has stalled at a crossroads, says this commentary from the German Marshall Fund of the United States. The paper discusses the various ways the new EU members will influence policymaking in the EU.
The massive growth of hedge funds has sparked warnings of instability and demands that the industry be regulated. But the fear of hedge funds is overblown, based on a misunderstanding of their role in the international financial system. In reality, hedge funds do not increase risk; they manage it -- and policymakers, rather than clamping down, should make sure hedge funds have the tools to perform this function well.
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The authors argue that it is essential to begin working now to expand and establish rules and norms governing armed drones, thereby creating standards of behavior that other countries will be more likely to follow.
The author examines Pakistan's complex role in U.S. foreign policy and advocates for a two-pronged approach that works to quarantine threats while integrating Pakistan into the broader U.S. agenda in Asia.
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