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October 7, 1999

Trade
The Diminishing Returns to Export-Led Growth

Overview In the 1970s and 1980s, there was a tremendous sea-change in development policy thinking, among both academic economists and policymakers. The inward-oriented, import-substitution strateg…

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February 17, 2000

Asia
The Perils of Being No.1

Overview The cumulative impact of U.S. global and regional policies and behavior, a broad regional trend of emerging, multi-faceted national self-assertiveness, and regional economic dynamics add …

October 19, 2016

Northeast Asia
The Return of the East Asian Savings Glut

Overview The combined savings of China, Japan, Korea, Taiwan, and the two city-states of Hong Kong and Singapore is about 40 percent of their collective GDP, a thirty-five-year high. No other regi…

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September 24, 2010

European Union
The Potential Twilight of the European Union

This essay assesses the causes and consequences of the renationalization of politics in the European Union. Editor's Note: This essay is part of the collection Crisis in the Eurozone. Introduct…

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October 7, 2013

Capital Flows
Global Economics Monthly: October 2013

Bottom Line: In the face of uncertain capital flows, an international network of swap lines would help to ensure adequate liquidity and act as a significant enhancement of the global financial safety…