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September 26, 2009
First Take
G-20 leaders in Pittsburgh agreed to a coordinated effort to reduce the imbalances that contributed to the global economic crisis. But CFR's Marc Levinson writes any changes in policy will be slow in coming.
See more in United States, International Organizations
September 24, 2009
Interview
CFR's Roger M. Kubarych says the G-20 summit will find leaders relieved that the worst of the global economic crisis is over but divided over substantive changes to the world's financial architecture.
See more in Economics, Financial Crises, International Organizations
September 21, 2009
Op-Ed
Bloomberg
Amity Shlaes writes that "to recall Kristol isn't to recall decline, but rather to remind that neoconservatism, or something like it, actually has a vibrant future."
September 18, 2009
Audio
Listen to Edwin M. Truman and David Wessel as they preview the upcoming G-20 Summit in Pittsburgh and its significance for a world struggling to recover from financial crisis
See more in Geoeconomics, International Finance, International Organizations
September 16, 2009
Transcript
CFR Senior Fellow Michael A. Levi and CFR.org Editor Robert McMahon discuss the deadlock in global climate negotiations and the upcoming UN Copenhagen Summit in December 2009.
See more in Climate Change, International Organizations
September 15, 2009
Op-Ed
Bloomberg
Amity Shlaes warns that without the right incentives, market players will continue to game the system in the very fashion that President Obama deplored in his speech on reforming financial regulation.
See more in United States, International Finance
September 2009
Other Report
In this Center for Geoeconomic Studies Working Paper, Steven Dunaway argues that the world economy faces the prospect of a prolonged period of slower growth. Other sources of demand need to be found to take up the slack left by slower U.S. growth. However, the prospects for this do not look good, as none of the other major economies appear inclined to make the necessary changes in policies to deal with their imbalances and raise their demand.
See more in Financial Crises, International Finance
August 25, 2009
Op-Ed
Bloomberg
Amity Shlaes comments on efforts to reduce the pay gap between men and women.
See more in United States, Economics
August 24, 2009
Op-Ed
Financial News
In the first of his new monthly columns for Financial News, Benn Steil argues that private as well as public sector defined benefit pension schemes are a major risk to taxpayers, and should be replaced by defined contribution schemes.
See more in Business & Foreign Policy, International Finance
August 13, 2009
Op-Ed
Washington Post
Amity Shlaes examines the Corporate and Financial Institution Compensation Fairness Act.
See more in United States, Economics
August 12, 2009
Academic Module
This module features teaching notes by CFR Senior Fellow Edward Alden, author of The Closing of the American Border: Terrorism, Immigration, and Security Since 9/11, along with other resources to supplement the text. In this book, Mr. Alden examines the complicated interplay between the United States' need for homeland security and economic openness in the wake of the September 11, 2001, terrorist attacks.
See more in United States, Immigration
August 12, 2009
Op-Ed
The Boston Globe
Michael A. Levi argues that the inclusion of carbon tariffs in cap-and-trade legislation would be economically damaging.
See more in Energy/Environment, U.S. Strategy and Politics
August 11, 2009
Op-Ed
Bloomberg
Amity Shlaes argues that both Democrats and Republicans are guilty of hypocrisy when discussing end-of-life care in the health care debate.
See more in United States, Economics, Health, Science, and Technology, Global Health
July 28, 2009
Op-Ed
Bloomberg
Amity Shlaes argues that the Federal Reserve is a "monarchy" with power to intervene in the world economy.
See more in United States, Economics, Financial Crises
July 13, 2009
Op-Ed
Los Angeles Times
See more in Americas, Immigration
July 13, 2009
Op-Ed
Los Angeles Times
Jeb Bush, Thomas F. McLarty III, and Edward Alden discuss the recent Independent Task Force on Immigration Policy and argue, "Getting immigration policy right is fundamental to [U.S.] national interests -- our economic vitality, our diplomacy and our national security."
See more in United States, Immigration, U.S. Strategy and Politics
July 9, 2009
Op-Ed
Bloomberg
Amity Shlaes compares today's economic policy with that of the 1980s.
See more in United States, Economics, Financial Crises
July 2009
Other Report
In this Center for Geoeconomic Studies Working Paper, Karen H. Johnson argues that gross financial flows, not net external imbalances, reveal which countries are most critical for global financial stability.
See more in Financial Crises, International Finance
July 6, 2009
Op-Ed
Time Magazine
Amity Shlaes argues, "FDR's tenacity did not suffice to get the economy back to where it had been before the Great Depression began."
See more in United States, Economics, U.S. Strategy and Politics, Presidency
June 23, 2009
Op-Ed
Bloomberg.com
Amity Shlaes considers the elimination of the job of U.S trade representative.
See more in United States, Trade
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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.
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.
In Termites in the Trading System, Jagdish Bhagwati reveals how the rapid spread of preferential trade agreements endangers the world trading system.
In Regional Monetary Integration, Peter B. Kenen poses an important question: Should various country groups follow the lead of the European Monetary Union and form similar full-fledged monetary unions?
In contrast to conventional wisdom, the growth in government spending and heightened regulation during the Great Depression may have done much to slow economic recovery.
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 feaures 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.
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.
Copyright 2009 by the Council on Foreign Relations. All Rights Reserved.