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As emerging markets transform mineral markets through strategic investments and export restrictions, advanced countries should work to secure access to crucial supplies, but be careful not resort to measures that impair free trade.
One year after 9/11, seventeen Carnegie experts assessed the significance of the attacks and their aftermath. Ten years after 9/11, the same Carnegie experts revisit their original findings and analyze the impact of the historic moment.
An alternative reserve currency would mean faster growth and less debt for the United States and would help correct ongoing imbalances in the world economy.
Though the global recovery is weakening, the world economy is not likely to head back into recession unless the sovereign debt crisis in Italy and Spain intensifies.
For the last decade South American exports of mining, agricultural, and energy commodities to China have boomed, leading countries like Argentina, Brazil, and Chile to worry about rising commodity dependency on China.
The transformation of China into an economic powerhouse will fundamentally alter Beijing’s relationship with the global economy and require far-reaching changes in the global institutional architecture.
Given the economic problems facing both sides of the Atlantic, Europe and the United States can best support democratic transitions in Arab countries through enhanced trade agreements that improve market access and maximize job-promoting reforms.
Debates within Arab countries transitioning toward democracy must take into account the critical question of taxation, which shapes the contours of the social contract between the state and all components of society.
While assessments of Chinese economic imbalances often rely on flawed statistics that understate consumption and overestimate investment, the country’s share of consumption to GDP will not rise significantly until Beijing increases welfare spending or divests itself of state assets.
Historically, the United States has placed a higher tax burden on its wealthiest citizens than it does currently. Such higher government revenues could help resolve the financial problems facing the country.
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