As fears rise over currency clashes, policy makers must confront the challenges of a two-speed global economy where China and other emerging markets are surging ahead while Europe, the United States, and Japan face a number of serious economic concerns.
The last decade has seen a marked change in both the scale of competition for resources and the interdependences this entails.
In the face of the euro crisis, questions have emerged about Europe’s cohesion—particularly the strength of the institutions called for under the Lisbon treaty—and what that means for its relevance in major international challenges.
The crisis in the eurozone may prove a blessing in disguise for Turkey, given its strong economic performance over the past years, and could even revitalize Turkey’s prospects for membership in the European Union.
Despite unprecedented support from the European Union and the IMF, the euro crisis that began in Greece has quickly engulfed Europe and now threatens the very future of the euro.
While the worst of the financial crisis may be over, the global recovery is fragile and the fallout from the crisis will change the landscape for finance and growth over the next ten years.
Leading economists describe the 2007-2009 economic crisis as the worst since the Great Depression, causing regulators worldwide to question the system that has drive the world’s economy for the past two decades.
Carnegie's Uri Dadush and Denis Redonnet discussed how the economic crisis is affecting the EU and its member states, and how Europe can work together to create effective solutions.
Drops in Chinese export figures and declines in world GDP suggest there will not be an economic recovery in the fourth quarter of 2009. The upcoming G-20 meeting must focus on halting the contraction as opposed to reforming the financial architecture.
David Rothkopf on how the financial crisis will lead the Obama administration to emphasize multilateralism.