Economic Instability

 
  • Op-Ed
    Short of Skilled Hands, Germany Looks South
    Judy Dempsey May 27, 2013 New York Times

    Propelled by high unemployment, thousands of educated graduates are leaving Southern Europe for Germany. But it won't be enough to solve the country's long-term labor shortage.

     
  • Op-Ed
    Excess German Savings, Not Thrift, Caused the European Crisis
    Michael Pettis May 21, 2013 China Financial Markets

    National savings represent a lot more than the thriftiness of local households, and as such it has a lot less to do with household or cultural preferences and more so with the policies or institutions that restrain the household share of GDP.

     
  • Op-Ed
    Why the World Needs a Stronger Europe
    Sinan Ülgen May 15, 2013 Euractiv

    The EU’s tarnished image as a community of nations is alarming. It is therefore essential to create the conditions for a better future in a postcrisis world.

     
  • Op-Ed
    For Merkel, an Image to Be Managed
    Judy Dempsey May 13, 2013 New York Times

    Angela Merkel, who remains immensely popular, has distanced herself from the scandals shaking her party. But she still needs to change her image before September's elections.

     
  • Op-Ed
    The Three-Speed World is Not Forever
    Uri Dadush May 3, 2013 L'Espresso

    Although the United States weathered the global recession relatively better than its European counterparts, it is not as strong as it looks and Europe’s long-term prospects are better than its current dismal performance suggests.

     
  • Op-Ed
    Addressing Risks in Myanmar
    Vikram Nehru April 23, 2013 East Asia Forum 中文

    In light of the most recent bout of violence in Myanmar, it is vital that the government act quickly to heal the nation's new wounds, protect ethnic minorities, and continue the important task of nation building.

     
  • Op-Ed
    India Needs More Democracy, Not Less
    Milan Vaishnav April 11, 2013 Foreign Affairs

    Effective, long-term solutions to India's governance woes will require a more accurate diagnosis of the problems and remedies that enhance the democratic elements of the Indian system.

     
  • Op-Ed
    President Obama’s Jobs Wake-Up Call
    John Judis April 5, 2013 New Republic

    The United States is headed into a political and economic cul-de-sac. Obama needs to make clear to the country that budget cuts are threatening the recovery.

     
  • Op-Ed
    Cautious Optimism from Cyprus
    Uri Dadush April 2, 2013 National Interest

    The events in Cyprus only reinforce the fact that all countries, and especially those with large banking sectors, must tighten regulation and insist on higher capital requirements where they are needed.

     
  • Op-Ed
    Recession Redux: Why I'm Not Cheering The Economic Recovery
    John Judis April 2, 2013 New Republic

    The current economic recovery is not leading toward the buoyant growth and widespread prosperity enjoyed after America’s last great crash and downturn.

     
  • Paper
    The Private Sector in Postrevolution Egypt
    Ahmed Ghoneim, Ibrahim Saif June 17, 2013 عربي

    The private sector and the government, in collaboration with civil society organizations, must work together to avert an economic crisis and promote growth, stability, and the consolidation of democracy in Egypt.

     
  • Book
    The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy
    Michael Pettis February 5, 2013 Princeton University Press

    China's economic growth is sputtering, the Euro is under threat, and the United States is combating serious trade disadvantages. However, this is not another great recession but rather a critical rebalancing of world economies.

     
  • Global Ten
    The World in 2013

    The Obama administration must realize that no “foreign policy” issue will matter as much to global economic, political, and ultimately security conditions in the coming year as whether the United States can demonstrate that it is able to deal with its economic crisis.

     
  • Paper
    The Big Three in EU Foreign Policy
    Stefan Lehne July 5, 2012

    The EU acts as a bloc with all 27 member states discussing issues and unanimously making decisions, but behind the scenes lies a tacit agreement that the Big Three, France, Germany, and the United Kingdom, take the lead on foreign policy.

     
  • Paper
    India and Europe in a Multipolar World

    While the relationship between the European Union and India has a great deal of potential, it has underperformed. To revitalize it, both sides need to move from dialogue to joint action on a regional or multilateral level.

     
  • Book
    Russia in 2020: Scenarios for the Future
    Nikolay Petrov, Maria Lipman November 21, 2011 Washington

    While Vladimir Putin is unlikely to give up power any time soon, the political and economic system he created is incapable of dealing with Russia’s rapidly changing conditions. Crises are likely unavoidable unless Russia changes and modernizes.

     
  • Report
    Currency Wars
    Vera Eidelman, Uri Dadush September 15, 2011

    The real cause of today’s currency tensions lies not in the international monetary system, but in misguided domestic policies in the world’s major economies, which must undertake long overdue and largely internal reforms.

     
  • Policy Outlook
    Should Capital Flow to Poor Countries?

    Encouraging developing economies to import capital simply because they are poor not only ignores the economic realities surrounding international financial flows but can also be highly destabilizing and dangerous.

     
  • Policy Outlook
    Russia in Mid-2011

    Russia’s recovery from the global economic crisis has been slow, constrained by a number of economic and political structural problems. Until they are resolved, these issues will continue to hinder Russia’s development.

     
  • Paper
    Is Protectionism Dying?
    Rachel Odell, Shimelse Ali, Uri Dadush May 26, 2011

    Although World Trade Organization policies helped limit the increase in protectionist measures during the recent financial crisis, a mutually reinforcing set of legal and structural changes in the world economy played a larger role in keeping global markets open.

     
  • TV/Radio Broadcast
    Economy Was Key In Iranian Election
    Karim Sadjadpour June 17, 2013 NPR’s Weekend Edition

    The outcome of the recent presidential election in Iran was unpredictable in that over the last decade in Iran, moderates and reformists had generally been purged from the corridors of power.

     
  • TV/Radio Broadcast
    EU Economy
    Uri Dadush May 8, 2013 CRI English

    If growth does not return to Europe in the next two years, the political situation will become more difficult.

     
  • TV/Radio Broadcast
    Cyprus Banks Remain Shut
    Michael Pettis March 26, 2013 ABC News

    The Cyprus banking crisis is an exaggerated version of the problems that persist throughout peripheral Europe.

     
  • TV/Radio Broadcast
    Cyprus and the Euro Crisis
    Uri Dadush March 20, 2013 NPR To The Point

    The Cypriot banking crisis reveals the danger of the euro crisis incapacitating Europe and the global economy more broadly.

     
  • TV/Radio Broadcast
    Crisis in Cyprus
    Matthew Rojansky March 20, 2013 CNN International

    Despite Cyprus' favorable fiscal and legal enviroment and the fact that Russian state is one of Cyprus' main creditors, Russia's involvement has generated some surprises.

     
  • TV/Radio Broadcast
    European Union Debt Crisis
    Uri Dadush March 11, 2013 C-SPAN

    The euro crisis continues to hamper Europe's growth, and the risk of contagion hangs in the air.

     
  • TV/Radio Broadcast
    Egypt’s Economy Two Years After Mubarak
    Uri Dadush March 1, 2013 PBS NewsHour

    Two years since the outbreak of democratic revolutions in Egypt, the economic situation in the region remains precarious. Egypt's economy struggles to grapple with high levels of unemployment, decreasing reserves, a widening fiscal deficit, and costly, yet inefficient, subsidies.

     
  • TV/Radio Broadcast
    Bubble Building
    Uri Dadush February 25, 2013 RT CrossTalk

    The developed world is eager to grab a slice of someone else's growth if they can't generate any of their own, with potentially negative repercussions for their relations with the developing world.

     
  • TV/Radio Broadcast
    The U.S. Economy is Still Inching Towards the Fiscal Cliff
    Uri Dadush November 29, 2012 ABC (Australia)

    The prospects that the United States will find a solution for the fiscal cliff’s impending tax increases and spending cuts seem promising.

     
  • TV/Radio Broadcast
    Is UK Heading for Divorce With the EU?
    Jan Techau November 21, 2012 Voice of Russia

    The EU budget approval summit may be one of the EU’s most bitter fights in years, but there are far more complex and deeply hidden issues on which EU members cannot agree.

     
  • Event
    The Changing Role of Cities in EU Cohesion Policy
    Dorthe Nielsen, Jan Olbrycht, Shin-pei Tsay, Simon Wilson, Wladyslaw Piskorz May 28, 2013 Brussels

    Cities, which account for 75 percent of Europe’s population and generate 85 percent of its GDP, have an important role to play in helping to meet key climate-change and economic targets.

     
  • Event
    The Economic Outlook in Southeast Asia
    Mario Pezzini, Uri Dadush April 12, 2013 Washington DC

    Economic disparities and a widening development gap both among and within Southeast Asian nations are among the most pressing issues facing the region.

     
  • Event
    Berlin’s Position on the European Debt Crisis
    Rafał Ulatowski, Zhang Lihua April 8, 2013 Beijing

    Economies continue to buckle under the uncertainty that has engulfed the European Union since the sovereign debt crisis broke out in 2009.

     
  • Event
    Germany’s Changing Role in a Changing Europe
    Jan Techau, Dmitri Trenin March 27, 2013 Moscow

    The latest developments connected to the financial crisis in the EU have only further underlined the need for a leader within the European community. Many believe that Germany is the one who should take up this mantle. To do so, however, Germans have to come to terms with their difficult history.

     
  • Event
    Germany’s Dilemma and the Future of European Integration
    Luigi Bonatti, Shi Zhiqin October 25, 2012 Beijing

    Germany’s actions to resolve the eurozone crisis will significantly impact the future of the region’s monetary union as well as trade relations with China, the EU's largest trading partner.

     
  • Event
    Transatlantic Trends–2012
    Constanze Stelzenmüller, Natalia Bubnova, Dmitri Trenin, Lev Gudkov September 13, 2012 Moscow

    According to this year’s Transatlantic Trends survey, majority opinions toward Russia on both sides of the Atlantic have turned from favorable to unfavorable, while Russian opinions of the West was generally favorable.

     
  • Event
    Europe After the Crisis
    Jean-Claude Thébault, Dmitri Trenin May 30, 2012 Moscow

    The current economic crisis presents Europe with serious challenges, but also with the opportunity for reflection and change.

     
  • Event
    Is America’s Age of Descent Ushering in a G-Zero World?
    Ian Bremmer, Edward Luce, David Rothkopf May 29, 2012 Washington, D.C.

    America’s role in the world is changing as a result of profound social, economic, and political challenges. What will be the geopolitical consequences?

     
  • Event
    India's Economy and the Looming Global Economic Crisis of 2014
    Kaushik Basu, Vikram Nehru April 18, 2012 Washington, D.C.

    The recent slowdown in the Indian economy and stalled reform initiatives have raised concerns about India's economic prospects.

     
  • Event
    Germany: Making or Breaking Europe?
    Sylvie Goulard, Henrik Enderlein, Kurt Biedenkopf, Quentin Peel, Terry Martin, John Kornblum March 27, 2012 Brussels

    Germany has thus far taken the lead in bankrolling and negotiating Europe’s bailout funds, but it remains to be seen if Berlin will play a similar role in tackling tough political reforms as the balance of power in Europe continues to shift.

     
  • Paper
    The Private Sector in Postrevolution Egypt
    Ahmed Ghoneim, Ibrahim Saif June 17, 2013 عربي

    The private sector and the government, in collaboration with civil society organizations, must work together to avert an economic crisis and promote growth, stability, and the consolidation of democracy in Egypt.

     
  • TV/Radio Broadcast
    Economy Was Key In Iranian Election
    Karim Sadjadpour June 17, 2013 NPR’s Weekend Edition

    The outcome of the recent presidential election in Iran was unpredictable in that over the last decade in Iran, moderates and reformists had generally been purged from the corridors of power.

     
  • Event
    The Changing Role of Cities in EU Cohesion Policy
    Dorthe Nielsen, Jan Olbrycht, Shin-pei Tsay, Simon Wilson, Wladyslaw Piskorz May 28, 2013 Brussels

    Cities, which account for 75 percent of Europe’s population and generate 85 percent of its GDP, have an important role to play in helping to meet key climate-change and economic targets.

     
  • Op-Ed
    Short of Skilled Hands, Germany Looks South
    Judy Dempsey May 27, 2013 New York Times

    Propelled by high unemployment, thousands of educated graduates are leaving Southern Europe for Germany. But it won't be enough to solve the country's long-term labor shortage.

     
  • Op-Ed
    Excess German Savings, Not Thrift, Caused the European Crisis
    Michael Pettis May 21, 2013 China Financial Markets

    National savings represent a lot more than the thriftiness of local households, and as such it has a lot less to do with household or cultural preferences and more so with the policies or institutions that restrain the household share of GDP.

     
  • Op-Ed
    Why the World Needs a Stronger Europe
    Sinan Ülgen May 15, 2013 Euractiv

    The EU’s tarnished image as a community of nations is alarming. It is therefore essential to create the conditions for a better future in a postcrisis world.

     
  • Op-Ed
    For Merkel, an Image to Be Managed
    Judy Dempsey May 13, 2013 New York Times

    Angela Merkel, who remains immensely popular, has distanced herself from the scandals shaking her party. But she still needs to change her image before September's elections.

     
  • TV/Radio Broadcast
    EU Economy
    Uri Dadush May 8, 2013 CRI English

    If growth does not return to Europe in the next two years, the political situation will become more difficult.

     
  • Op-Ed
    The Three-Speed World is Not Forever
    Uri Dadush May 3, 2013 L'Espresso

    Although the United States weathered the global recession relatively better than its European counterparts, it is not as strong as it looks and Europe’s long-term prospects are better than its current dismal performance suggests.

     
  • Op-Ed
    Addressing Risks in Myanmar
    Vikram Nehru April 23, 2013 East Asia Forum 中文

    In light of the most recent bout of violence in Myanmar, it is vital that the government act quickly to heal the nation's new wounds, protect ethnic minorities, and continue the important task of nation building.

     

Carnegie Experts on Economic Instability

  • Uri Dadush
    Senior Associate and Director
    International Economics Program

    Dadush is senior associate and director of Carnegie’s International Economics Program. He focuses on trends in the global economy and is currently tracking developments in the eurozone crisis.

  •  
  • Moisés Naím
    Senior Associate
    International Economics Program

    Naím is a senior associate in Carnegie’s International Economics Program, where his research focuses on international economics and global politics. He is currently the chief international columnist for El País, Spain’s largest newspaper, and his weekly column is published worldwide.

  •  
  • Vikram Nehru
    Senior Associate
    Asia Program
    Bakrie Chair in Southeast Asian Studies

    Nehru is a senior associate in the Asia Program at the Carnegie Endowment. An expert on development economics, growth, poverty reduction, debt sustainability, governance, and the performance and prospects of East Asia, his research focuses on the economic, political, and strategic issues confronting Asia, particularly Southeast Asia.

  •  
  • David Rothkopf
    Visiting Scholar

    Rothkopf, author of the recent book Power, Inc.: The Epic Rivalry Between Big Business and Government and the Reckoning that Lies Ahead, served as deputy undersecretary of commerce for international trade policy in the Clinton administration.

  •  
  • Jan Techau
    Director
    Carnegie Europe

    Techau is director of Carnegie Europe, the European center of the Carnegie Endowment for International Peace. Techau is a noted expert on EU integration and foreign policy, transatlantic affairs, and German foreign and security policy.

  •  

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