Embarking on her first international trip later this month, Secretary of State Hillary Clinton will travel to Japan, South Korea, China, and Indonesia to reinforce President Obama's commitment to active engagement and discuss the global financial crisis. Join CFR experts Edward Alden, Caroline Atkinson, and Elizabeth C. Economy to discuss U.S. foreign policy toward Asia, the global economy, and the challenges and opportunities that fill the new administration's inbox.
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.
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.
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 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.
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."
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.
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 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.