Greenberg Center for Geoeconomic Studies Publications Archive

Op-Ed

What the 2014 Oil Crash Means

Author: Michael A. Levi
Politico Magazine

As oil prices continue to drop, Michael Levi argues that the benefit to American consumers will outweigh any damage to the U.S. economy. However, how you view this plunge in oil prices "depends a lot on where you live and what work you do."

See more in Global; Oil; Financial Markets

Op-Ed

Can Solar Solve India's Energy Woes?

Authors: Varun Sivaram and K. Dhru
World Economic Forum

As the world’s fourth largest consumer of electricity and the fastest growing source of global greenhouse gas emissions, India faces pressure to meet basic energy needs as well as to do its part in combating climate change. Solar power is so attractive because it promises to address both issues, but today it accounts for only 2%-3% of India’s energy demand, and India’s leadership will have to make several difficult decisions if this is to change, says Varun Sivaram.

See more in India; Energy Policy

Op-Ed

Europe's Bargain

Author: A. Michael Spence
Project Syndicate

A. Michael Spence argues that the eurozone has an opportunity to jumpstart economic recovery by relaxing fiscal constraints on the condition that member states use the reprieve to initiate public sector investment and structural reforms.

See more in Europe; Monetary Policy; Budget, Debt, and Deficits

Op-Ed

The Myth of Bretton Woods

Author: Benn Steil
Wall Street Journal

Benn Steil's op-ed in the Wall Street Journal debunks the popular notion that the famous 1944 Bretton Woods agreements—establishing the IMF, the World Bank, and a dollar-based fixed exchange-rate system—were important in reviving global trade and growth after World War II. In fact, dependence on bilateral trade and inconvertible currencies was greater in the early postwar years than it was in the 1930s. The Marshall Plan and the creation of the GATT were, he argues, far more powerful instances of effective, enlightened, and enduring internationalism emerging from the war.

See more in Global; Economics