270 Results for:

June 28, 2017

China
Geostrategic Implications of China’s Twin Economic Challenges

As China seeks to reorient the focus of its economy from investment and export to consumption, national security will become a more prominent strategic priority. The United States should recognize this shift and cooperate with China in its move toward a more sustainable growth path.

An employee works at a clothes factory in Huaxi village, of Jiangsu Province, on December 3, 2010. (Carlos Barria/Reuters)

January 1, 2017

Global
Global Economics Monthly January 2017

Bottom Line:  Markets showed impressive resilience in the face of a range of geopolitical shocks in 2016, but recent market moves suggest this year could be different. A greater range of possible, if…

November 17, 2017

Russia
Economic Constraints on Russian Foreign Policy

For now, Russia is able to achieve many of its foreign policy goals despite the limitations of its economy, but that will not last forever. The United States should prepare to seize future opportunit…

Russian servicemen march prior to the Victory Day military parade marking the World War II anniversary at Red Square in Moscow on May 9, 2017.

March 15, 2017

Greece
Global Economics Monthly: March 2017

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn writes that Greece and its creditors are again locked in a showdown over reforms, cash, and debt relief. Another cliff-hanger ahead of heavy July debt payments looks likely. Extend-and-pretend is a dead end for Greece and an increasingly populist Europe, and a more ambitious agreement seems ruled out by bailout fatigue in creditor countries. Markets are once again underestimating the risks of “Grexit.”

December 7, 2015

European Union
Global Economics Monthly: December 2015

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that the European Union (EU) faces rising populist pressure, reflecting long-term challenges to economic policymaking that can only partly be addressed by a cyclical recovery and debt relief. By strengthening the credibility of economic policy and the region’s resilience to shocks, better policy coordination and a faster path to economic union would go far toward securing a better economic future for Europe and addressing some underlying causes of populism.

April 27, 2017

Global
Global Economics Monthly May 2017

Bottom Line: British Prime Minister Theresa May’s decision to seek early elections comes as the economic costs of Brexit are becoming more apparent. While the removal of electoral uncertainty may be …

February 3, 2016

Asia
Global Economics Monthly: February 2016

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that the idea of capital control is less radical than it seems; although comprehensive liberalization is theoretically the ideal option, capital controls may be China’s best chance to end the panic roiling global markets.

December 2, 2016

Financial Markets
Global Economics Monthly: December 2016

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn writes that financial markets rallied following the U.S. election, on hopes that President-Elect Donald J. Trump’s fiscal stimulus and deregulation initiatives would spur corporate profits and growth. Perhaps so, but a strong case could be made for the opposite: that Trump’s economic agenda will prove disruptive to trade and growth, face growing headwinds in Congress, and exert a contractionary impact on the U.S. economy.

August 22, 2016

Brexit
Global Economics Monthly: August 2016

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that markets have absorbed the initial economic shock from Brexit, but navigating the new landscape will remain a challenge. Two months after the vote, the politics of Brexit is producing a lengthy and uncertain renegotiation of Britain’s place in Europe and the world. Such extended uncertainty is likely to produce a long-lasting drag on both UK and European economies, which could ultimately threaten the viability of the European Union (EU).

July 15, 2014

China
Global Economics Monthly: July 2014

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn discusses economic reform and rebalancing in China and their implications for future growth and crisis prevention.