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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.
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.
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.
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.
Panel discussion on the expectations of China and India of the next U.S. president, and the rising importance of those expectations.
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.
In the midst of a wrenching global financial crisis, business and academic experts from around the world met in Beijing to discuss the causes and implications of the crisis. Although there was disagreement over the severity of the crisis, all participants agreed that it marks the end of the unbridled free-market economy in the U.S.
China is shifting its focus from growth to the broader goal of development, which includes a wide range of social and economic policy objectives. To examine the nature and impact of that transition, Carnegie hosted an event with KC Kwok, chief government economist of China's Hong Kong Special Administrative Region. Albert Keidel, senior associate at Carnegie, moderated the discussion.
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