Greenberg Center for Geoeconomic Studies Publications Archive


Born in 1988? Sorry.

Author: Peter R. Orszag

Peter R. Orszag writes that being born 20 years before a time of high unemployment can keep your earnings relatively low—and erode your health and happiness, as well—for a lifetime.

See more in United States; Financial Crises; Labor


In Iraq, Obama Has Two Terrible Choices

Author: Meghan L. O'Sullivan

In his efforts to save Iraq, President Obama is right to demand more power-sharing and other political reforms from Iraqi leaders before the United States offers more military assistance. But Obama should not think he can hold off offering such assistance until he secures those reforms—not if he wants to prevent the bloody breakup of the country and a wider regional war.

See more in Iraq; United States; Defense Strategy


Rebooting China

Author: A. Michael Spence
Project Syndicate

A. Michael Spence urges China's leaders to be steady-handed and sensible in their foreign policy and domestic reform agendas so as to maintain the kind of economic stability necessary for complex structural changes to work their way through the Chinese economy with minimal disruption.

See more in China; Financial Markets; Economic Development

Foreign Affairs Article

Taper Trouble

Author: Benn Steil

Benn Steil's essay in the July/August issue of Foreign Affairs looks at the international consequences of U.S. monetary policy action. He argues that developing-nation governments are coming to see the need for engineering current-account surpluses and large dollar-reserve stockpiles as a means of insulating themselves against Fed-induced capital-flow whiplash. As this amounts to "currency manipulation" in the eyes of U.S. policymakers, trade tensions are apt to grow.

See more in Ukraine; United States; Monetary Policy; International Finance


Toward a Progressive Tax Policy

Author: Peter R. Orszag

To address economic inequality in the United States, Peter R. Orszag writes that a progressive consumption tax and an inheritance tax would be more practical than Thomas Piketty's wealth tax.

See more in United States; Tax Policy


Beijing’s Actions in the South China Sea Demand a U.S. Response

Authors: Elizabeth C. Economy and Michael A. Levi
Washington Post
The China National Overseas Oil Coorporation (CNOOC) began drilling in Vietnamese-claimed waters late last week, accompanied by more than seventy vessels, including armed Chinese warships. Elizabeth Economy and Michael Levi write that the United States needs to face up to the full magnitude of the Chinese challenge to have any hope of successfully confronting it.

See more in China; Vietnam; Territorial Disputes; Oil