CFR Senior Fellow Laurie Garrett says the recent Davos economic forum failed to provide any blue print for reconciling the financial crisis and development aid needs. She predicts donor nations will "face tough sells, trying to convince their voters that it is vital to spend money feeding starving masses abroad."
Trade problems are an underlying cause of the financial crisis. To truly revive the world economy, a new trade consensus is necessary.
Listen to John P. Lipsky, first deputy managing director of the International Monetary Fund (IMF), remark on the recent effects of the economy on IMF member countries and the IMF's reaction to the financial crisis.
Watch John P. Lipsky, first deputy managing director of the International Monetary Fund (IMF), remark on the recent effects of the economy on IMF member countries and the IMF's reaction to the financial crisis.
Listen to experts analyze the effect of the financial crisis on developing countries' economies and the roles that the IMF and World Bank play during this time.
Vietnam's stock market has plunged and its economic growth has dwindled since 2006, when it was seen as a model for emerging country growth. The country's experience highlights the problems confronting emerging markets in the 2008 financial crisis.
CFR's Latin America Studies Program outlines the implications of the global financial crisis for Latin America.
David Rothkopf, a visiting scholar at the Carnegie Endowment for International Peace and author of "Superclass: The Global Power Elite and the World They Are Making," writes that in this time of transformation of the international system, emerging-market powers will define the new "new world order." The need for broad global engagement around not only the financial crisis but many other world challenges will almost certainly lead the Obama administration to more actively engage the BRICs-a term coined in 2001 to refer to the biggest of the emerging powers Brazil, Russia, India and China-and that in order to manage the challenges of the world economy, potential rivals will become vital partners.
Special Correspondent Mac Margolis examines why, as Brazil becomes Latin America's economic pacesetter, its neighboring countries are viewing it as target No. 1. With a $1.4 trillion economy and a global political agenda, Brazil stands out in a region hobbled by poverty and poor governance. Its industry eclipses that of its neighbors, assuring Brazil a fat regional trade surplus. And as Brazil's fortunes soar, it casts a harsh spotlight on the shortcomings of its neighbors. The result: increased animosity from across its borders.
As Brazil becomes a more powerful player, its neighbors are becoming increasingly aggressive.
CFR Senior Fellow Adam Segal writes that India may be better positioned for a quick recovery from the global financial crisis than many other developing countries.
The G-20 meeting in Washington on November 15 is an opportunity for India to help shape the new global economic architecture in line with its strategic interests. India should propose short-term crisis response actions and suggest a clear medium-term agenda.
As the effects of the financial crisis stretch beyond America and Europe, the world's emerging markets start to wobble and analysts wonder just how hard China, India, and other major developing nations will be hit.
These Crisis Talk postings highlight information regarding the recent financial crisis.
The Economist calls the Fed's decision to lower its rate to 1 percent "a sign of how the locus of the crisis has shifted from developed to emerging markets, requiring a corresponding shift in policy."
China increasingly asserts itself as an emerging economic superpower, but the country also continues to face high-profile setbacks that tarnish its brand.
This stable democracy with a hot market economy resembles another Asian giant in the 1990s.
Iraq's finance minister asserts his country does not have a surplus of funds and expresses concern about the potential impact of the global financial crisis, and falling oil prices, on Iraq.
As the financial crisis in the U.S. begins to seep into sectors domestically and ripples overseas to European markets, the reaction and situation in Asia is somewhat curious. Dr. Gerard Lyons, Chief Economist and Group Head of Global Research at Standard Chartered, discusses his view on the global economy from the Asia lens.
Williams argues that the status quo for peace operations in untenable and that greater U.S. involvement is necessary to enhance the quality and success of peacekeeping missions.
The authors argue that the United States has responded inadequately to the rise of Chinese power and recommend placing less strategic emphasis on the goal of integrating China into the international system and more on balancing China's rise.
Campbell evaluates the implications of the Boko Haram insurgency and recommends that the United States support Nigerian efforts to address the drivers of Boko Haram, such as poverty and corruption, and to foster stronger ties with Nigerian civil society.
Ashley's War tells the poignant and gripping story of a groundbreaking team of female American warriors who served alongside Special Operations soldiers in Afghanistan. More
Smith's insightful book explores the policy issues testing the Japanese government as it tries to navigate its relationship with an advancing China. More
This revolutionary new look at volatility and crisis in oil markets explores the conditions in which oil supply fears arise, gain popularity, and eventually wane. More
Learn more about CFR’s mission and its work over the past year in the 2014 Annual Report. The Annual Report spotlights new initiatives, high-profile events, and authoritative scholarship from CFR experts, and includes a message from CFR President Richard N. Haass.
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