Carnegie Endowment for International Peace
As the U.S trade deficit becomes increasingly politicized in the face of high unemployment and a global contraction in demand, there is an increasing likelihood of trade tensions with net surplus countries, especially China.
Given the deep economic and cultural ties between Iran and Dubai, the recent economic troubles in the Emirate will certainly have an impact on Iran and may even play a role in the international negotiations over Iran’s nuclear program.
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.
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.
With only days to go before the Olympic Games, Minxin Pei joined a panel of experts on the Diane Rehm Show to discuss what the Chinese government hopes to gain from hosting one of the biggest spectacles in sports.
The recent breakdown of the Doha Round of WTO negotiations over differences between the US, the EU and key developing countries has left some concerned that the viability of multilateral trade negotiations is being called into question.