39 Results for:

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.”

October 24, 2016

Saudi Arabia
Managing the Saudi-Iran Rivalry

Overview The growing rivalry between Saudi Arabia and Iran—and by extension, their allies and proxy forces in the region—will likely shape the Middle East for many years, and possibly even decades…

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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).

May 4, 2016

Venezuela
Global Economics Monthly: May 2016

Bottom Line: The crisis in Venezuela continues to escalate, with no recovery or relief in sight. A messy and chaotic default looms, and the rescue will likely involve a tough adjustment program, larg…

March 1, 2016

Economics
Global Economics Monthly: March 2016

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that the International Monetary Fund (IMF) deserves credit for effectively responding to the global and European financial crises. However, the institution will face different and potentially more difficult challenges in the next five years as it struggles to come to terms with a changing international power order and lending rules that are not well suited to address future crises.

February 1, 2016

Labor and Employment
No Helping Hand: Federal Worker-Retraining Policy

A decade ago the United States had the lowest share of long-term unemployed workers among developed nations. But today U.S. long-term unemployment levels are nearly as high as those in Europe, despite stronger overall U.S. economic performance. This Progress Report and Scorecard demonstrates that U.S. federal employment and training programs that assist job seekers do little to help the long-term unemployed prepare for different careers.

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October 9, 2015

China
Global Economics Monthly: October 2015

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that China's growth prospect lies somewhere between hard-landing and muddle-through scenarios. However, uncertainty remains and is already being felt strongly and likely to put increasing pressure on emerging markets through trade contraction and financial contagion. For the United States, fragility in emerging markets is the critical risk and will dominate economic decision-making for months if not years to come.

October 22, 2014

Digital Policy
Internet Governance and the ITU: Maintaining the Multistakeholder Approach

The International Telecommunication Union (ITU) is often considered an obscure technical organization, dealing with radio spectrum, satellite orbits, and telecommunications, that is not worthy of sus…

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February 3, 2014

United States
Global Economics Monthly: February 2014

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn discusses what the U.S. budget agreement means for global markets.

October 15, 2013

Fossil Fuels
The Shale Gas and Tight Oil Boom

Introduction U.S. policymakers have been concerned about the country's dependence on imported energy since World War II. Those concerns were highlighted in the 1970s when episodes of sharply risin…

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