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.
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.
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.
U.S. financial woes have thrown global markets into turmoil, undermining Western European banks, sending oil prices plummeting, and bringing harrowing losses to some developing economy stock indices.
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."
As emerging economies in Middle East and Asia become bigger foreign investors they are facing a new protectionist trend in many countries across the globe, write David Marchick and Matthew Slaughter.
The international community has hailed the past five years as exceptionally good economic times for Latin America. In this report the Inter-American Development Bank goes beyond initial perceptions to examine whether Latin America's macroeconomic performance and fundamentals are as sound as they appear at first sight. The report's aim is to present an alternative perspective in order to precipitate a useful and necessary debate.
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.
Speaker: Hernando de Soto Presider: Jeffrey R. Shafer
Hernando De Soto discusses his work with designing and implementing capital formation programs to empower the poor in the developing world. His research within the Institute for Liberty and Democracy (ILD)has given rise to the question: "What's the DNA of market development?" and to the conclusion that national legislation is the reason globalization works for some but not for others.
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.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.
The author analyzes the potentially serious consequences, both at home and abroad, of a lightly overseen drone program and makes recommendations for improving its governance.