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January 1, 1996

Economic Crises
Lessons of the Mexican Peso Crisis

What the United States and the international community have done for Mexico is unique. No other country, with the exception of Canada, could muster such support from the U.S.government. The Mexican p…

March 26, 1999

Afghanistan
Testimony on the Situation in Afghanistan Before the United States Senate Committee on Foreign Relations

Recent Events and Political Actors in AfghanistanFor policy recommendations, see text of oral testimony1. INTRODUCTION: SUMMARY OVERVIEW1On August 8, 1998, the Taliban (Islamic student) movement of A…

November 27, 2001

Agricultural Policy
Across the Rubicon

Overview The world's agricultural system stands at the shores of a technological Rubicon. On the near side, where most farmers toil today, new strains of crops are still largely the product of con…

October 29, 2002

China
Digital Dragon

Can China become a true global economic power? That depends on the evolution of the Chinese high-technology sector. The industry's success or failure will determine whether China becomes a modern eco…

September 18, 2003

United States
Public Diplomacy Steps Taken Since 9/11 Not Enough; Council Task Force Urges the Bush Administration to Counter America’s Deteriorating Image as Anger at U.S. Deepens Post-Iraq War

September 18, 2003 - World opinion of the United States and U.S. policy has plummeted in the wake of the U.S.-led war in Iraq. The resulting widespread anger, fear, and mistrust, warns the Council-s…

September 18, 2003

Iraq
Finding America’s Voice

The world’s opinion of the United States and of U.S. policy has plummeted in the wake of the war in Iraq. The resulting widespread anger, fear, and mistrust, warns this timely report of the independe…

December 10, 2004

Emerging Markets
Why Argentina should do its bond exchange, ASAP

Yields on Latin American bonds have not been this low for a long time. It is hard to believe that Brazil’s 20 year dollar bond trades at a yield of only 8%, and most long-term Brazilian bonds are in …

February 25, 2005

Capital Flows
Oil, and a bit of geopolitics

On Thursday, the Financial Times, the New York Times and Tom Friedman all weighed in on Asian reserve diversification. Paul Blustein of the Washington Post has an A1 story today on another of my comm…

July 25, 2005

Emerging Markets
It would be easier to take creditor complains about Argentina more seriously …

if international investors -- not just local ones -- were not scrambling all over themselves to buy Argentina's most recent dollar-denominated bond issue. Yes -- evey now and again, I do stil…

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 …