China’s new five-year work plan has a familiar list of growth and energy targets, an emphasis on technology investments, and special concerns about resource constraints and corruption, says CFR’s Elizabeth Economy.
Oil price shocks spurred by Mideast events are unlikely to derail the U.S. economic recovery, says CFR Distinguished Visiting Fellow Michael Spence. But bigger shifts in the global economy will hit U.S. unemployment, income inequality, and capital costs, he says.
In contrast to other Mideast states, economic pressures are less likely to topple Iran’s regime, says expert Suzanne Maloney. Stronger repressive forces and the impact of international sanctions may strengthen the government, she argues.
Instead of addressing serious problems in global imbalances, the February 18-19 meeting of the G20 finance minister is poised to go astray with ineffectual talks on reforming the international monetary system, says CFR’s Steven Dunaway.
Large numbers of unemployed youth have been behind the protests for change in the Middle East. Demographics expert Ragui Assaad says the region must move toward democracy and open economic systems to turn the youth bulge into an opportunity.
In this Markets and Democracy Brief, Shannon O’Neil charts the progress of Mexico’s economic and democratic reforms. She sees grounds for optimism on both fronts but concludes that Mexico risks falling behind unless it redoubles efforts to overcome its authoritarian past.
With food prices at historic levels, unrest is mounting around the world, particularly in import-dependent regions such as the Middle East. CFR’s Laurie Garrett says to meet demand going forward, countries will need to enhance food production and efficiencies.