Geoeconomics

Article

Hillary Hits the Mark

Author: Leslie H. Gelb
The Daily Beast

Leslie H. Gelb argues that Secretary of State Hillary Clinton's recent remarks to the Economic Club of New York should compel foreign policy experts and political leaders to face the new 21st-century reality: that gross domestic product matters more than military might.

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Article

China: Creditor to the Rich

Author: Brad W. Setser
China Security

Brad W. Setser writes about the United States' dependency on China as its largest creditor. He argues that the U.S. government should look to transition to a world in which more U.S. investment is financed by the United States' own savings.

See more in China, Geoeconomics, International Finance

Article

What to Do with Over a Half a Trillion a Year? Understanding the Changes in the Management of China’s Foreign Assets

Author: Brad W. Setser
RGE Monitor

The China Investment Corporation’s $5 billion investment in Morgan Stanley, its $3 billion investment in Blackstone and the China Development Bank’s likely $2b investment in Citigroup have attracted an enormous amount of attention.  In this paper for RGE Monitor, Brad Setser examines the unprecedented growth in China ’s foreign assets, the key institutions managing these assets, and the composition of China's aggregate external portfolio.

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Article

Don't Cry for Free Trade

Author: Jagdish N. Bhagwati
Council on Foreign Relations

Newspaper and magazine stories refer to a "loss of nerve", even a "loss of faith" in free trade by economists. When presidential candidates are challenged by free trade proponents, they typically say: "Ah, but economists no longer have a consensus on free trade." But the truth of the matter is that free trade is alive. The analytical arguments in favor of trade have hardly been dented by its critics, such as Alan Blinder, arrayed against it.

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Ask CFR Experts

Will China extend its influence in the Indian Ocean by building a naval base in Gwadar, Pakistan?

Asked by Hassan, from National University Of Sciences and Technology

To date, Chinese officials have asserted that their interest in Gwadar is strictly a commercial effort to provide another energy corridor for Middle East oil, and Pakistani government officials stridently affirm this position. New Delhi, on the other hand, has expressed "concern" about the true motivations in developing Gwadar, suspecting that it is a Sino-Pak effort at encirclement.

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See more in China, India, Pakistan, Geoeconomics, Infrastructure, Trade

Ask CFR Experts

Where do you see Brazil in 2020? As a country with the lowest growth rates among the BRICS, is the dream over for Brazil?

Asked by Fagner Dantas, from Universidade Federal da Bahia

The Brazilian government faces a number of challenges and opportunities concerning its economic forecast in the coming years. After peaking at 7.5 percent growth in 2010, Brazil's recent economic slowdown has caused worry that the dream of a new high-growth economy had slipped out of reach.

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See more in Brazil, Economics, Economic Development, Emerging Markets, Financial Crises, Geoeconomics