Economy

Analysis

    • Op-Ed

    China's Unbalanced Growth Has Served It Well

    High investment rates have driven China's rapid growth in both GDP and consumption, but it is unclear whether such a strategy is sustainable in the long run.

    • Op-Ed

    How China Sees Its Currency

    Understanding that the renminbi became undervalued because of expansionary monetary policy in the United States in 2003 helps explain why Chinese economists and political leaders have a differerent interpretation of the currency issue than Americans.

    • Article

    Is the African Renaissance For Real?

    Economic growth in Africa over the last ten years has been at its strongest in decades, but continued reform efforts—especially those affecting governance and the business climate—are needed to ensure that this renaissance continues.

    • Article

    The Growing Threat of Global Trade Protectionism

    Pending U.S. Congressional legislation that targets China’s currency policies is evidence of a broader trend toward protectionism, as countries seek to bolster domestic employment while avoiding the consequences of trade retaliation.

    • Op-Ed

    The First Move

    • Minxin Pei
    • September 27, 2010
    • South China Morning Post

    Rather than talking about building mutual trust, China should take concrete steps in order to inaugurate a positive cycle of reciprocal cooperation in U.S.-China relations.

    • Op-Ed

    Retaliation is Likely

    If countries with large trade surpluses weaken their currency, countries with large trade deficits are likely to retaliate through reciprocal currency manipulation or trade tariffs.

    • Op-Ed

    Advisers Advise But The President Must Lead

    President Obama will need to choose a strong chief economic adviser to replace Larry Summers, but he can also use the selection process as an opportunity for a substantial mid-course correction in his economic policy.

    • Article

    The Global Rebalancing Mirage

    Deficit countries are neglecting the needed—and more difficult—reforms at home and fueling protectionist sentiment abroad with their focus on external trade imbalances and their calls for major surplus economies to increase demand.

    • Article

    Russia: Optimism Goes up in Smoke

    With inflation rising, trade balances falling, and economic growth slowing, the outlook for Russia's economy is bleak. Official plans for strict budget tightening will only add to the troubles.

    • Article

    U.S. Unemployment Will Stay High

    • Vera Eidelman
    • September 16, 2010

    U.S. unemployment is expected to decline slowly in the coming years. Though a gradual adjustment is not unique to the current recession, policy makers must promote growth and address structural mismatches to help the 14.9 million unemployed workers.

Carnegie Economists

  • expert thumbnail - undefined
    Rozlyn C. Engel
    Nonresident Scholar
    Geoeconomics and Strategy Program
    Rozlyn C. Engel is a nonresident scholar in the Geoeconomics and Strategy Program at the Carnegie Endowment for International Peace, where she focuses on global macroeconomic risks, U.S. economic policy (foreign and domestic), and questions facing the economic intelligence community.
  • expert thumbnail - undefined
    Yukon Huang
    Senior Fellow
    Asia Program
    Huang is a senior fellow in the Carnegie Asia Program, where his research focuses on China’s economy and its regional and global impact.
  • expert thumbnail - undefined
    Moisés Naím
    Distinguished Fellow
    Moisés Naím is a distinguished fellow at the Carnegie Endowment for International Peace, a best-selling author, and an internationally syndicated columnist.
  • expert thumbnail - undefined
    Michael Pettis
    Nonresident Senior Fellow
    Carnegie–Tsinghua Center for Global Policy
    Pettis, an expert on China’s economy, is professor of finance at Peking University’s Guanghua School of Management, where he specializes in Chinese financial markets.
  • expert thumbnail - undefined
    Sinan Ülgen
    Visiting Scholar
    Carnegie Europe
    Ülgen is a visiting scholar at Carnegie Europe in Brussels, where his research focuses on Turkish foreign policy, nuclear policy, cyberpolicy, and transatlantic relations.

Carnegie Experts on
Political Economy

  • expert thumbnail - undefined
    Cornelius Adebahr
    Nonresident Fellow
    Carnegie Europe
    Adebahr is a nonresident fellow at Carnegie Europe. His research focuses on foreign and security policy, in particular regarding Iran and the Persian Gulf, on European and transatlantic affairs, and on citizens’ engagement.
  • expert thumbnail - undefined
    Salman Ahmed
    Nonresident Senior Fellow
    Geoeconomics and Strategy Program
    Salman Ahmed is a nonresident senior fellow at the Carnegie Endowment for International Peace, where he focuses on the future of U.S. national security strategy and its role in promoting national economic interests.
  • expert thumbnail - undefined
    Thomas Carothers
    Harvey V. Fineberg Chair for Democracy Studies
    Senior Vice President for Studies
    Thomas Carothers is senior vice president for studies at the Carnegie Endowment for International Peace. He is a leading authority on international support for democracy, human rights, governance, the rule of law, and civil society.
  • expert thumbnail - undefined
    James F. Collins
    Nonresident Senior Fellow
    Russia and Eurasia Program;
    Diplomat in Residence
    Ambassador Collins was the U.S. ambassador to the Russian Federation from 1997 to 2001 and is an expert on the former Soviet Union, its successor states, and the Middle East.
  • expert thumbnail - undefined
    Judy Dempsey
    Nonresident Senior Fellow
    Carnegie Europe
    Editor in chief
    Strategic Europe
    Dempsey is a nonresident senior fellow at Carnegie Europe and editor in chief of Strategic Europe.
  • expert thumbnail - undefined
    Evan A. Feigenbaum
    Vice President for Studies
    Evan A. Feigenbaum is vice president for studies at the Carnegie Endowment for International Peace, where he oversees research in Washington, Beijing and New Delhi on a dynamic region encompassing both East Asia and South Asia.
  • expert thumbnail - undefined
    François Godement
    Nonresident Senior Fellow
    Asia Program
    Godement, an expert on Chinese and East Asian strategic and international affairs, is a nonresident senior fellow in the Asia Program at the Carnegie Endowment for International Peace.
  • expert thumbnail - undefined
    Paul Haenle
    Maurice R. Greenberg Director’s Chair
    Carnegie–Tsinghua Center for Global Policy
    Paul Haenle holds the Maurice R. Greenberg Director’s Chair at the Carnegie–Tsinghua Center based at Tsinghua University in Beijing, China. Haenle served as the director for China, Taiwan, and Mongolia Affairs on the National Security Council staffs of former presidents George W. Bush and Barack Obama prior to joining Carnegie.
  • expert thumbnail - undefined
    Kheder Khaddour
    Nonresident Scholar
    Malcolm H. Kerr Carnegie Middle East Center
    Kheder Khaddour is a nonresident scholar at the Malcolm H. Kerr Carnegie Middle East Center in Beirut. His research centers on civil military relations and local identities in the Levant, with a focus on Syria.
  • expert thumbnail - undefined
    Jessica Tuchman Mathews
    Distinguished Fellow
    Mathews is a distinguished fellow at the Carnegie Endowment for International Peace. She served as Carnegie’s president for 18 years.
  • expert thumbnail - undefined
    Marwan Muasher
    Vice President for Studies
    Muasher is vice president for studies at Carnegie, where he oversees research in Washington and Beirut on the Middle East.
  • expert thumbnail - undefined
    Douglas H. Paal
    Nonresident Scholar
    Asia Program
    Paal previously served as vice chairman of JPMorgan Chase International and as unofficial U.S. representative to Taiwan as director of the American Institute in Taiwan.
  • expert thumbnail - undefined
    Pang Xun
    Resident Scholar
    Carnegie–Tsinghua Center for Global Policy
    Pang Xun is a resident scholar at the Carnegie–Tsinghua Center for Global Policy, where she is part of the China and the Developing World Program.
  • expert thumbnail - undefined
    George Perkovich
    Ken Olivier and Angela Nomellini Chair
    Vice President for Studies
    Perkovich works primarily on nuclear strategy and nonproliferation issues; cyberconflict; and new approaches to international public-private management of strategic technologies.
  • expert thumbnail - undefined
    Tang Xiaoyang
    Deputy Director
    Carnegie–Tsinghua Center for Global Policy
    Tang Xiaoyang is a resident scholar and the deputy director of the Carnegie–Tsinghua Center for Global Policy and an associate professor in the Department of International Relations at Tsinghua University. His research interests include political philosophy, China’s modernization process, and China’s engagement in Africa.
  • expert thumbnail - undefined
    Dmitri Trenin
    Director
    Carnegie Moscow Center
    Trenin, director of the Carnegie Moscow Center, has been with the center since its inception. He also chairs the research council and the Foreign and Security Policy Program.
  • expert thumbnail - undefined
    Milan Vaishnav
    Director and Senior Fellow
    South Asia Program
    Vaishnav’s primary research focus is the political economy of India, and he examines issues such as corruption and governance, state capacity, distributive politics, and electoral behavior.
  • expert thumbnail - undefined
    Richard Youngs
    Senior Fellow
    Democracy, Conflict, and Governance Program
    Richard Youngs is a senior fellow in the Democracy, Conflict, and Governance Program, based at Carnegie Europe. He works on EU foreign policy and on issues of international democracy.

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