International Economics

  • What Obama’s State of the Union Means for Europe
    January 30, 2014

    Barack Obama’s State of the Union address paid little attention to foreign policy. Europeans must take note and realize that the era of the old transatlantic relationship is over.

  • Europe’s Competitive Austerity

    Michael PettisFriday, January 10, 2014

      Spanish unemployment is largely due to German austerity. As long as Spain cannot run its own monetary policy, Madrid cannot address the root cause of its unemployment crisis.

    • Judy Asks: Should the TTIP Be Held Ransom to Snowden?

      Judy DempseyWednesday, November 06, 2013

        Every week a selection of leading experts answer a new question from Judy Dempsey on the foreign and security policy challenges shaping Europe’s role in the world.

      • Europeans: Buy Lithuanian Cheese!

        Judy DempseyMonday, November 04, 2013

          Russia has repeatedly resorted to imposing embargoes on EU countries to test Europeans’ unity. Yet in almost all cases, Moscow’s bullying has failed to break EU solidarity.

        • The Lessons of Lampedusa

          Uri DadushMonday, October 14, 2013

            Unskilled migrants offer many economic advantages for recipient countries in the West. As Europeans get richer and older, they will need more and more unskilled immigrants.

          • The Goldilocks Dilemma of Financial Regulation

            Elaine ByrneFriday, 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.

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