In the first quarter of 2012, economic developments in China unfolded according to plan. Growth slowed moderately and incremental steps were taken towards key economic and financial reforms.Read more ►
The new government, whatever its composition, is sure to have a very difficult task in front of it--keeping Greece in the eurozone while mollifying a people exhausted by the nation's fifth year of recession.
Iran's economy is facing several major challenges. Its outlook will depend on policymakers' commitment to advancing the public welfare and directing resources to economically and socially productive ends.
Neither candidate in France's presidential election has addressed the growth and competitiveness issues underlying the country's economic problems. But failing to grapple with them could be ominous for the entire eurozone.
Emerging market demand was the main cause of the post-2005 increase in metal and energy prices. But, contrary to conventional wisdom, it did not play a key role in the parallel spike in food prices.
China's rise has had very different consequences for its North Asian and Southeast Asian neighbors, in particular, making it difficult for Southeast Asia to break out of the middle income trap.
Coordinated policy and plain luck have propped up the eurozone, but have not decisively addressed the root cause of the euro crisis: diminished competitiveness in the periphery.
Leaders of the Group of Eight (G8) economies will gather this weekend at Camp David, at a time some are questioning the relevance of the summit. While the G20 has become the premier forum for international economic cooperation since September 2009, reflecting the growing role of the emerging countries, the relative importance of G8 economies has continued to decline, in part because of the recent financial crisis. Since 2008, the G8 countries’ share of global GDP, in purchasing power terms, has fallen from 41.4 to 38.5 percent, while their share in global exports has declined by 2.6 percentage points to 32 percent. Despite their declining weight in the global economy, however, advanced G8 economies have a very large say in international institutions. For example, the G8 economies account for 40 percent of the voting power at the World Bank, twice the share of developing G20 countries, suggesting that G8 countries will continue to shape the world’s economic structures through their influence over global financial institutions.
Leaders of the Group of Eight (G8) economies will gather this weekend at Camp David, at a time some are questioning the relevance of the summit. While the G20 has become the premier forum for international economic cooperation since September 2009, reflecting the growing role of the emerging countries, the relative importance of G8 economies has continued to decline, in part because of the recent financial crisis. Since 2008, the G8 countries’ share of global GDP, in purchasing power terms, has fallen from 41.4 to 38.5 percent, while their share in global exports has declined by 2.6 percentage points to 32 percent. Despite their declining weight in the global economy, however, advanced G8 economies have a very large say in international institutions. For example, the G8 economies account for 40 percent of the voting power at the World Bank, twice the share of developing G20 countries, suggesting that G8 countries will continue to shape the world’s economic structures through their influence over global financial institutions.
Uri Dadush and William Shaw write in their new book that the rise of emerging economies over the next four decades will likely enhance prosperity but also create great tensions that could slow the process or even stop it in its tracks.
The Carnegie International Economics Program (IEP) monitors and analyzes short- and long-term trends in the global economy, including macroeconomic developments, trade, commodities, and capital flows, and draws out policy implications.
Uri Dadush, Editor
Zaahira Wyne, Managing Editor
Drawing on the unique expertise of Carnegie’s global centers and area specialists, the International Economic Bulletin provides a candid assessment of international economic conditions and their political implications.
As armed clashes last weekend show, north Lebanon is becoming a growing support base for the Syrian revolution. Sunni mobilization in support of the uprising in Syria is mounting and the Lebanese government is losing its ability to maintain its policy of neutrality.
The U.S. pivot to the Asia-Pacific has created both tension and opportunity in its relations with China.
Relations between Ukraine and the EU have reached their lowest point yet. It could be time for the EU to come up with a new plan.
Putin has returned to the Kremlin, but he faces a significantly different Russia, because the country's situation has changed drastically. The previous Putin’s consensus between those in power and society has fallen apart.
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