Latin America performed better during this crisis than in the previous three global recessions. It continues to lag behind other emerging markets, however, underscoring the need to address its persistent structural weaknesses.
Al-Qaeda is not the only factor threatening Yemen’s stability. Water shortages, collapsing oil supplies, war, refugees, pirates, and poverty all put the country at risk of becoming a failed state.
While the economic crisis has caused widespread economic suffering, it appears that democracies, even struggling ones, are demonstrating more resilience to the crisis than many predicted.
As the Euro crisis continues to play out in Greece and other weak Euro area members, the time has come for policy makers to consider moderately raising their inflation targets.
If China allows its yuan to appreciate, it will reduce pressure on the Obama administration to officially label China a currency manipulator and would establish a more constructive atmosphere for future cooperation between the two nations.
History shows that while leaving the Euro area and defaulting would have disastrous implications for Greece and Euro area, it may become the best of bad options if Greece does not receive adequate support from the EU.
The conditions in Russia and the state of U.S.-Russia relations today are more hopeful for positive cooperation than at any time in the recent past, particularly in the fields of technology and innovation.
While China may experience a painful financial contraction as it increases private consumption, even a dramatic slowdown of Chinese growth will not prevent China’s share of global GDP from rising.
Greece’s economic imbalances are neither unprecedented nor — with help — unmanageable. Given the business, banking, and political interests in a positive outcome, Greece will either rescue itself, or be rescued.
Recently, calls for Prime Minister Vladimir Putin’s resignation were heard at rallies in different parts of Russia. Although unrelated, these gatherings underscore the growing cracks in the Kremlin’s political system of centralized power, opaque decision-making, and unaccountability.























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