Greenberg Center for Geoeconomic Studies Publications Archive

Foreign Affairs Article

Putin's Lehman Moment

Author: Robert Kahn

Robert Kahn argues that the West should be ready to impose more robust economic sanctions against Russia, in order to deter it from further infiltrating or destabilizing Ukraine. Russia's economic complexity means sanctions would meaningfully reduce Russian wealth and growth, since Russian oligarchs and business leaders have significant financial stakes in the West.

See more in Russia and Central Asia; Sanctions


China Runs Into Natural-Resources Pushback

Authors: Elizabeth C. Economy and Michael A. Levi
Wall Street Journal

Though strategists have long feared that China's quest for natural resources would lead to ever-higher prices, a breakdown in trade, and perhaps even wars, Elizabeth Economy and Michael Levi write that a stunning WTO rebuke of Chinese exports restrictions shows that the global system is far more resilient than the worriers have claimed.

See more in China; Energy and Environment


Los Angeles and Connecticut: A Continent Apart, Similar Paths to Clean Energy

Authors: Varun Sivaram and Daniel C. Esty
EnergyBiz Magazine

Both Connecticut and Los Angeles are pursuing cheaper, cleaner and more reliable renewable power generation during a decline in federal funding for clean energy projects. Along with Energy Commissioner Dan Esty, Varun Sivaram explains how this state and city are each leading the way to offer creative new approaches to financing clean energy initiatives and pursing a more reliable energy future.

See more in United States; Renewable Energy


How to Reform Ukraine's Economy

Authors: Heidi Crebo-Rediker and Douglas A. Rediker

Heidi Crebo-Rediker and Douglas A. Rediker examine the role of the European Bank for Reconstruction and Development (EBRD) in Ukraine, arguing that the EBRD should shift its resources away from Russia and, in accordance with its mandate, support Ukraine's transition toward democracy and market-oriented economics.

See more in Ukraine; Economics


What Europe Can Learn From the U.S. Bank Crisis

Authors: Benn Steil and Dinah Walker
Wall Street Journal

Benn Steil's latest op-ed in the Wall Street Journal, co-authored with Dinah Walker, explains why the ECB's anticipated foray into more aggressive monetary stimulus next week won't have any significant effect on the availability and cost of private-sector credit. The ECB believes that its ongoing bank stress tests will help revive the eurozone's moribund banking industry, but they argue that the tests are counterproductive without a mechanism in place to assure sufficient recapitalization of banks that fall short—as there was in the United States in 2009.

See more in Europe; Banks and Banking