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March 23, 2005

Capital Flows
Wolfowitz and the World Bank

Paul Wolfowitz looks to be heading toward the Presidency of the World Bank. He probably was not the first choice of anyone outside the US, not even the UK. But no one seems to see much of an upside…

November 1, 2005

China
Balance of payments math for the Economist (and some thoughts on Chinese banks)

The Economist - byline Bejing, Hong Kong, Shanghai.The quote: "No country can sustainably invest more than it saves ..."As most of you know, I generally agree with that sentiment, though it is certai…

January 6, 2006

United States
The USA, China and Saudi Arabia - the big three of global adjustment?

The standard discussion of the unbalanced world divies the world up into three: the US, Europe and Japan/ Asia.   And the standard discussion of global imbalances says all three need to do their part…

January 6, 2008

Economics
Looking back at the top macroeconomic and financial stories of 2007, and looking forward to 2008

Here is my list of the top five stories of 2007 - and some things that I’ll be watching in 2008. What did I miss?1. The "subprime" crisis. The credibility of Wall Street’s financial engineering …

March 11, 2010

North Korea
Rajin-Sonbong: North Korea’s (New?) Strategy to Attract Foreign Investment

I’ve been watching North Korea ramp up efforts to attract foreign investment since Jack Pritchard and I heard last November in Pyongyang from the chairman of Pyongyang’s Foreign Investment Advisory B…

February 1, 2011

Fossil Fuels
An Awful New Industry Talking Point

The New York Times reports this morning on the perennial battle over energy subsidies. In addition to a lovely quote from this blog, the Times has this from American Petroleum Institute (API) preside…

March 1, 2011

North Korea
Time for a Comprehensive, Proactive North Korea Policy

Jack Pritchard was the President of the Korea Economic Institute and was formerly ambassador and special envoy for negotiations with North Korea. Last year I was privileged to co-chair the Council o…

North Korea Denounces UN Punishment

March 1, 2011

Diplomacy and International Institutions
TWE Remembers: The Zimmermann Telegram

Ninety-four years ago today, the American public found out that Zimmermann, Germany’s foreign minister, had sent a telegram directing the German ambassador in Mexico City to ask Mexico to join German…

Zimmermann-Telegram

March 7, 2011

Politics and Government
Campaign 2012: Hello Herman Cain, GOP Presidential Candidate

Herman Cain takes the stage to address the Conservative Political Action Conference in Washington in February 2011. (Jonathan Ernst/courtesy Reuters) What if when Americans go to the polls on Novem…

Herman Cain takes the stage to address the Conservative Political Action conference in Washington on February 11, 2011.  (Jonathan Ernst/courtesy Reuters)

March 16, 2011

China
Does the United States Have the Leverage to Press China to Become a Full Global Health Donor?

Mexican soldiers unload boxes with medical aid donated by China at the airport in Oaxaca, Mexico on May 5, 2009. (STR New/Courtesy Reuters) On March 11, I had a debate with Ambassador Jack Chow of C…

Mexican soldiers unload boxes with medical aid donated by China at the airport in Oaxaca, Mexico on May 5, 2009.