Shannon K. O'Neil says, "[American] perceptions reflect the Mexican reality that dominates headlines: soaring crime rates and gruesome murders in a war against drug traffickers. But this window into Mexico overlooks an economic transformation and deepening ties with the United States that reflect a dramatically different country."
Michael Spence and Sandile Hlatshwayo write that if a relatively open global system is to survive, policymakers will have to ensure that its benefits are distributed equitably between and within countries.
Jagdish N. Bhagwati and Arvind Panagariya argue that it is a mistake for India to join the United States in "China bashing" over the value of the renminbi. With its savings rate high and rising, India too could run into the Chinese "problem" of a current account surplus.
Matthew Slaughter discusses the rise of foreign direct investment from developing into developed countries via M&A transactions. He says that leaders in advanced countries must remember the benefits of inward FDI and resist protectionist pressures.
Brazil's economic miracle is being threatened by China's peg to the falling dollar, which undermines Brazil's competitiveness. Sebastian Mallaby says that Brazil may need to confront China to keep its success on track.
"As U.S. president Barack Obama makes his way through Asia he will find a dynamic region in ferment," writes Evan Feigenbaum. And, as the region continues to grow, the United States needs to assert itself through trade agreements or risk becoming marginalized in a region that will constitute about half the global economy.
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 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.