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November 15, 2019

Election 2020
Foreign Policy Roundup: The Democratic Foreign Policy Establishment Embraces Joe Biden

Each Friday, I look at what the presidential challengers are saying about foreign policy on the campaign trail.

Former Vice President Joe Biden speaks to a crowd after filing for the New Hampshire presidential primary on November 8.

May 31, 2017

Global
A Conversation With Martin Wolf

Martin Wolf discusses the economic origins of the rise in global populism, the political and financial implications, and the state of democratic capitalism.

Play Martin Wolf

September 30, 2019

Cybersecurity
The First Ever Global Meeting on Cyber Norms Holds Promise, But Broader Challenges Remain

Earlier this month, the United Nations held the first ever global meeting on peace and stability in cyberspace. While there is little reason to expect states to reach a final agreement on major issue…

The United Nations building is pictured in New York, New York, U.S., September 24, 2018.

September 20, 2019

Trade
Why Global Trade Imbalances Could Get Worse Before They Get Better…

Transatlantic imbalances reflect Europe's demand deficit, which should be easy to solve (but isn't). Transpacific imbalances haven't disappeared. And are likely harder to solve, as they stem from an …

Banco De Espana Conference on Global Imbalances and Capital Flows in the Era of New Technologies

August 13, 2019

China
On Designating China as a Currency Manipulator…

China really did manipulate its currency before the global crisis.  It really doesn't do so now.   But how China's manages its currency still matters for the global economy.

On Designating China as a Currency Manipulator…

July 22, 2013

Wars and Conflict
New From CFR: Amelia Wolf on the Future of Humanitarian Intervention

In a guest post on Micah Zenko’s blog, Amelia Wolf discusses the future of humanitarian intervention. She explains: While the international community is fixated on what world leaders are not doing o…

RTR3CRBS

October 4, 2006

United States
Martin Wolf: The US had no choice …

Stephen Roach thinks that China’s exchange rate policy plays (almost) no role in an unbalanced world; it all stems from the Bush Administration’s loose fiscal and the Fed’s loose monetary policy.  St…

June 27, 2005

China
Martin Wolf makes sense (the Economist does not)

Martin Wolf’s FT column makes a number of crucial points:1) Asia has let undervalued exchange rates (and reserve accumulation) substitute for policies to promote domestic demand. The (growing) back…

June 28, 2005

United States
More wisdom from Martin Wolf

Having laid out the problem on Monday, Martin Wolf offers his solutions in tomorrow’s Financial Times. He presents three answers to the question "what is to be done"One answer is: nothing. Let each c…

December 22, 2004

One more point on Martin Wolf

It is a simple point, but an important one. Wolf says the United States would be fine if it reduced its current account deficit from 6% of GDP to 3% of GDP. External debt to GDP then stabilizes at …