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In a Chinese healthcare system where the incomes of hospitals and doctors are often dependent on pharmaceutical sales, the access and affordability of medicine is problematic. Reform is needed, but the nature of that reform is intensely debated.
Governments across Europe have failed to engage public opinion and win voters’ support for their military involvement in Afghanistan. They need to adopt plans for review commissions that would redress the situation.
Although no one can yet predict the full implications of the financial crisis, it may have a silver lining for the U.S. if it is able to maintain its position of power while learning valuable lessons in humility. In the future, the U.S. may be more cautious about taking on massive debt, less reckless with its military spending, and more willing to cooperate on global problems.
The United States is witnessing, at least temporarily, the collapse of effective liquidity for the complex financial instruments that have long been used to conduct transactions. But the real crisis is a Keynesian downward spiral, whereby declining consumption and declining investment reinforce each other.
Recent financial and food price crises have forced policy-makers to question conventional thinking on how agricultural markets work, why they sometimes fail, and what role governments should play when they do. To answer some of those questions, the Carnegie Endowment and the Heinrich Boll Foundation co-hosted a panel of experts to discuss sustainable agriculture policies.
Looking at recently released international indexes for governance, corruption, and social development sheds light on why Arab countries have a difficult time solving their internal problems.
As the economic crisis unfolds, the drama of impending calamity has spurred politicians to take action without fully understanding the crisis. Nobody knows if the bailout will work, and moreover, it fails to address any of the underlying economic problems that we face. Moving forward, our leaders must exercise much more thought and caution in addressing this wide array of economic challenges.
While the attacks of September 11, 2001 scarred the U.S. deeply, the current financial crisis may prove to have more lasting ramifications. Historians are more likely to see the economic crisis as a true global watershed: as the era of pure neoliberal economics abruptly ends, the U.S. must now decide whether to embrace a new American capitalism and accept greater government involvement.
While the attacks of September 11, 2001 scarred the U.S. deeply, the current financial crisis may prove to have more lasting ramifications than 9/11. Historians are more likely to see the economic crisis as a true global watershed: as the era of pure neoliberal economics abruptly ends, the U.S. must now decide whether to embrace a new American capitalism and accept greater government involvement.
Panel of experts, including Kemal Dervis, on the global implications of the financial crisis.
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