CFR's Stephen Sestanovich says Russian President Dmitry Medvedev's meetings in Silicon Valley represent the most interesting development of his U.S. trip, which culminates with a Washington summit where a host of issues will be discussed, including the new START treaty.
By ending the yuan's peg to the U.S. dollar, China will deflect pressure over its currency policy at the upcoming G20 meeting. But tensions will persist over the pace of reform, says CFR's Steven Dunaway.
Saving the European Union requires a plan to allow fiscally weak member countries to fail, as well as painful lifestyle changes and some loss of national sovereignty, says the Centre for European Policy Studies' Daniel Gros.
News that global trade contracted in 2009 underscores the need for Obama's trade strategy to include negotiating exchange rates with Asian countries and promoting free trade agreements, says IIE's Gary Hufbauer.
Markets' reaction to the sovereign debt crisis in Greece and other European countries suggests global governments "have used up all their ammunition to boost global growth," and could be punished by the markets if they sustain stimulus programs, says CFR's Sebastian Mallaby.
Despite lingering uncertainty about the outcome of Copenhagen's climate negotiations, there are signs that carbon markets will continue to make gains, says World Bank carbon finance expert Joelle Chassard.
The Obama administration's proposed defense budget fails to align spending with calls to rebuild the military to handle irregular warfare, says expert Todd Harrison. He also cites an inability to get personnel costs under control.
Some of Obama's budget proposals are sound policy, but congressional gridlock and faster economic reforms in China and Europe could jeopardize U.S. competitiveness, says Economist.com editor Ryan Avent.
President Obama, a newly minted Nobel Peace Prize winner, now faces the daunting task of delivering on a range of challenges, especially nuclear nonproliferation and climate change, says CFR's Michael Levi.
The recession has added fuel to the debate over skilled-worker visas, including a recent congressional effort to create stricter rules. CFR's Jagdish Bhagwati says the United States should be welcoming skilled workers and other immigrants.
Standard Chartered CEO Peter Sands says Western and Asian economies are both at risk of asset bubbles and that higher savings and social safety nets in Asia are not a near-term fix to global financial problems.
In Market Madness, Blake C. Clayton shows that predictions of dwindling oil supplies and a rise in prices have been empirically proven incorrect. Technological advances and geopolitical shifts have repeatedly prompted sudden, severe drops in oil prices—exactly like the one we are experiencing today.
In By All Means Necessary, Elizabeth C. Economy and Michael Levi explore the unrivaled expansion of the Chinese economy. China is now engaged in a far-flung quest, hunting around the world for resources, and deploying whatever it needs in the economic, political, and military spheres to secure them. More
In Money, Markets, and Sovereignty, the authors present a fascinating intellectual history of monetary nationalism from the ancient world to the present and explore why, in its modern incarnation, it represents the single greatest threat to globalization. More
In The Closing of the American Border, Edward Alden goes behind the scenes to tell the story of the Bush administration's struggle to balance security and openness in the wake of the September 11, 2001, terrorist attacks. More
In this report, Benn Steil shows that the financial crisis is the inevitable bust of a classic credit boom, and explains how monetary, taxation, and home ownership promotion policy combined with other features of the financial system to fuel an unsustainable buildup in debt. He recommends significant reforms to reverse the debt financing bias and make the system more resilient to falls in asset prices. More
In order for policymakers to tackle today’s global economic crisis, this report argues, they must go beyond bailouts and stimulus packages and focus on one of the crisis's root causes: imbalances between savings and investment in major countries. More