Economic Instability

    • Commentary

    Global Crisis: How Far to Go? Part I

    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.

    • Multimedia

    The International Response to the Financial Credit Freeze

    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.

    • Commentary

    Even the Smart Guys Don't Understand the Meltdown

    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.

    • Multimedia

    Credit Crisis More Damaging Than September 11

    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.

    • Commentary

    9/11 Was Big. This Is Bigger.

    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.

    • Event

    A New Global Climate Change Deal? New Vision Conference Session 4

    Jessica T. Mathews, Tom Burke and Laurence Tubiana on what the EU and the U.S. need to do to address climate change.

    • Event

    The Long-term Implications of the Global Financial Crisis. New Vision Conference Session 5

    • Kemal Dervis, Paul Taylor, Freddy Van den Spiegel, David Rennie
    • October 03, 2008
    • Brussels

    Panel of experts, including Kemal Dervis, on the global implications of the financial crisis.

    • Event

    Post-Bush America and the World: Can the Gap be Closed?

    Expectations are running high for major changes in the next U.S. administration's foreign policy, but how much change is likely, and will it be enough to close the gap between America and the world? Top experts from the Carnegie Endowment and elsewhere discussed this question during a two-day conference in Brussels.

    • Event

    India and China: A Rising Powers' World, New Vision Conference Session 3

    Panel discussion on the expectations of China and India of the next U.S. president, and the rising importance of those expectations.

    • Multimedia

    South America Watches As U.S. Alters Free-Market Tune

    As the U.S. government steps in to rescue the financial system, Latin American leaders are using the crisis to justify their own leftist policies, claiming the United States' free-market approach has collapsed. But some U.S. scholars see a middle ground; future regulation may help guide markets on the national and even the global stage, without completely departing from the free market system.

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