April 26, 2012Development
Abundant reserves of minerals and petroleum often precipitate a resource curse in countries with weak governance institutions: fostering political corruption, eroding democratic accountability, incit…
March 19, 2014Infrastructure
To advise state and local government on how best to use private investment and build more critical infrastructure in a cost-effective way, Heidi Crebo-Rediker recommends the federal government create a new advisory unit within the Treasury Department called "Infrastructure USA."
July 29, 2013Arms Industries and Trade
The flow of high-powered weaponry from the United States to Latin America and the Caribbean exacerbates soaring rates of gun-related violence in the region and undermines U.S. influence in the Wester…
February 19, 2014Yemen
Benn Steil and Dinah Walker argue that the ECB's bank stress tests will roil rather than calm markets if recapitalization funds are not set aside in advance, as they were in the case of the highly successful U.S. tests in 2009.
February 24, 2014Europe and Eurasia
The European Stability Mechanism's (ESM) bank recapitalization instrument was designed to break the vicious circle tying financially weak eurozone governments to financially weak banks. It cannot, ho…