New IMF Managing Director Christine Lagarde has to move quickly to establish independence from the European authorities who got her the job, enhance the IMF’s legitimacy, and display her ability to manage the fund, says CFR’s Steven Dunaway.
The U.S. economic recovery has been hit by high unemployment, a widening deficit, and political stalemate over the debt ceiling. CFR’s Michael Spence calls for boosting investment in education and infrastructure to generate jobs and spur U.S. competitiveness.
What are the implications for U.S. global competitiveness of running large budget deficits, and what should be done to reign in the fiscal shortfall? Five experts provide their take on the risks and recommend solutions.
As Cuba’s Communist Party convenes this weekend for the first time in fourteen years, President Raul Castro will look to clarify and gain support for economic reforms. CFR’s Julia Sweig says the country has made significant strides toward modernization and suggests the United States should amend its restrictive Cuba policies.
Japan’s ability to rebound from its triple disaster in March will require more than just rebuilding; it will demand restructuring in areas from energy and farm policy to decentralization of power, write Brian P. Klein and CFR’s David S. Abraham.
President Obama’s trip to Brazil provides an opportunity for the two countries to reestablish their relationship, setting the stage for future agreements on trade, infrastructure, and foreign policy, says expert Matias Spektor.
Despite turbulence in financial markets, Japan’s multiple disasters will likely not have a major global economic impact, and reconstruction will provide a boost to the Japanese economy in the long term, says CFR’s Sebastian Mallaby.
An extraordinary series of events has caused Japan’s nuclear crisis but it appears backup safety systems were flawed, says nuclear expert Charles Ferguson. He expects the disaster to slow some nuclear projects elsewhere but not cause a wholesale stoppage.