How An Overheated U.S. Economy Could Create Chaos

This year’s recently released U.S. Treasury Foreign Exchange Report reads like Hamlet would read if we excluded the Prince of Denmark. In seeking the sources for world external imbalances and for global currency misalignments, the Treasury looks everywhere other than where the main source of these imbalances now resides. Read Here | The National Interest

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China Wants Great Power, Not Great Responsibility

Forty-three years after Richard Nixon made his famous visit to China, that country has seemingly decided to take a page from the former U.S. president’s Treasury Department. As China lowers the value of the yuan, the country’s economic policy makers are mimicking the blasé attitude of Nixon-era Treasury chief John Connally, who dismissed international complaints […]

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America’s Self-Inflicted Wounds

Several recent developments reveal how political and institutional fragmentation in the United States has produced self-inflicted wounds for the U.S. abroad. In all of these instances, America’s ability to exercise economic power in the world has been deliberately curtailed through decisions made unilaterally in Washington by American political leaders. Read Here – The Atlantic

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Russia And Flight Of Capital

Amid Russia’s economic woes, billions of dollars continue to disappear in offshore havens. The net outflow of capital from Russia reached $32.6 billion during the first quarter of 2015, according to the nation’s Central Bank. Read Here – Eurasianet

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Sending Money Home

In Asia’s developing countries, the power and potential of remittances – the money that migrant workers send home to their families (many of whom live in poor and remote areas) – is immense. Currently, over 60 million migrant workers from the Asia/Pacific region account for more than half of all remittance flows to developing countries, […]

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