International Economics

  • The Goldilocks Dilemma of Financial Regulation
    Elaine Byrne
    August 02, 2013

    Too much financial regulation is nearly as bad as too little. Public and private institutions together need to find a new approach to ensure that the rules are “just right.”

  • China Does Not Need to Grow at Current Levels

    Michael PettisWednesday, July 31, 2013

      China’s economy does not need to grow at 7.5 percent a year. What matters is that Chinese households continue to improve their lives at the rate to which they are accustomed.

    • China’s Slowing Growth Is Good for Manufacturers

      Michael PettisFriday, May 03, 2013

        If China is to rebalance its economy, the policies that subsidized Chinese exports must be reversed. As this happens, manufacturing in the rest of the world will surge.

      • Why the West Need Not Fear the BRICS Development Bank

        Jan TechauTuesday, April 16, 2013

          Brazil, Russia, India, China, and South Africa are setting up a development bank. That is good news, as it increases their stake in a rules-based liberal world order.

        • Russia Kisses Cyprus Good-Bye

          Dmitri TreninFriday, April 05, 2013

            Moscow has overcome its shock over the Cypriot bailout, even finding the deal useful domestically. But the crisis has profoundly changed Russian attitudes toward Europe.

          • How Fast Will China Grow in 2013?

            Michael PettisThursday, March 28, 2013

              Beijing is facing a financial dilemma: it must reduce investment and slow the growth of debt, but if it does so it will face stiff opposition from vested interests.

            • The Botched Rescue in Cyprus

              Uri DadushThursday, March 21, 2013

                The decision to endorse a bailout deal that included a levy on bank deposits was legally dubious, morally unjustifiable, managerially inept, and economically foolish.

              • Transatlantic Free Trade: The Battle for Europe’s Soul

                Jan TechauTuesday, March 12, 2013

                  By embracing the proposed Transatlantic Trade and Investment Partnership, political leaders can send a strong message of support for open markets and liberal capitalism.

                • How Much Longer Will the Crisis Last?

                  Michael PettisFriday, March 08, 2013

                    Growth will not return to Europe until Europeans heed the lessons of past financial crises and permanently resolve their debt problems.

                  • Toward a New Transatlantic Partnership

                    Ulrich SpeckFriday, March 01, 2013

                      The old transatlantic partnership, centered on security, is in decline. But an emerging new partnership, built around a transatlantic marketplace, offers the prospect for Europe and the United States to build a strong pillar of liberal world order.

                    • Why Do Spaniards Save So Little?

                      Michael PettisFriday, February 08, 2013

                        The euro crisis cannot be resolved if only low-savings countries adjust, because their low savings rates may themselves have been caused partly by high savings abroad.

                      • The Geopolitics of TAFTA

                        Jan TechauTuesday, January 29, 2013

                          While the idea of creating a Transatlantic Free Trade Area has ignited the imagination of strategic thinkers in Europe and America, the project may still fail over mundane details.

                        • China’s Difficult Year 2013

                          Michael PettisMonday, January 14, 2013

                            This year may mark the beginning of China’s most difficult period since the beginning of the reforms in 1978.

                          • The Revenge of History

                            Michael PettisTuesday, December 11, 2012

                              Without a huge increase in German spending, there is no way to eliminate years of unemployment, in which case Madrid must quickly decide whether the pain will be paid by German households or by Spanish households.

                            • The Global Crisis Reaches Asia

                              Michael PettisFriday, October 19, 2012

                                Europeans are so concerned with the crises in peripheral economies that it will come as a surprise that we may be at the beginning of a developing crisis in China.

                              • Can Merkel Now Sell Inflation to the Germans?

                                Judy DempseyThursday, September 13, 2012

                                  Right now, the euro looks more likely to survive than it has for a number of months. Yet the price to pay may be the return of inflation to Germany, and to the rest of Europe.

                                • Don’t Expect Political Union Anytime Soon

                                  Jan TechauTuesday, September 04, 2012

                                    Just as there is no big bazooka for the financial crisis, there will be no big bang to mark the genesis of real European political integration.

                                  • Why Merkel is So Stubborn

                                    Judy DempseyMonday, June 18, 2012

                                      Merkel is still convinced that austerity and reforms are the way forward to save the euro and make Europe more competitive.

                                    • The Rise of the Rest

                                      Dmitri TreninFriday, June 15, 2012

                                        What we are observing on the world scene is not so much the decline of the West as the rise—and a very uneven one—of some of the rest.

                                      • Greece’s Bankrupt Political Culture

                                        Judy DempseyThursday, June 14, 2012

                                          No matter which party wins on Sunday, Greece’s next government needs to achieve a giant leap in political culture if it is to make the Greek economy more competitive, the state more efficient, and civil society more vibrant.

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