The False Economic Promise Of Global Governance

Global governance is the mantra of our era’s elite. The surge in cross-border flows of goods, services, capital, and information produced by technological innovation and market liberalization has made the world’s countries too interconnected, their argument goes, for any country to be able to solve its economic problems on its own. We need global rules, […]

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A False Alarm About China

China’s growth has slowed largely as a result of changes in its fundamentals: less favorable demographics, a shift in emphasis from exports and public investment to the service sector and domestic consumption, and lower demand from advanced economies. But China’s past success also contributed to this slowdown, in the form of higher wages, which narrow […]

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Shockingly Ill-Informed

Foreign policy was hardly the centerpiece of the Republican candidates’ first debate, but when the topic came up, their answers revealed that none of these White House hopefuls have given the world and its problems an hour of serious thought. Read Here – Slate

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The Poison Chalice

The reason that U.S. President Barack Obama passed the buck on authorizing a military strike on Syria to Congress is not because getting congressional approval is the constitutional thing to do. It always has been, although presidents have regularly denied it. Rather, Obama passed the buck to Congress because it was the only way out […]

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Obama’s Debranding Of “War On Terror”

On June 8, Juan Cole, one of the few true Middle East experts in the US, posted a short entry on hisInformed Comment blog. The title said it all: “We misunderstood Barack: He only wanted the domestic surveillance to be made legal, not to end it”. But domestic surveillance was far from the only Bush policy that Obama has […]

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Phoney Currency Wars

OFFICIALS from the world’s biggest economies meet on February 15th-16th in Moscow on a mission to avert war. Not one with bombs and bullets, but a “currency war”. Finance ministers and central bankers worry that their peers in the G20 will devalue their currencies to boost exports and grow their economies at their neighbours’ expense. […]

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Can Russia Lead the G20?

Russia is taking the helm of the Group of 20, and with that honor comes a unique opportunity: to lead the international community toward sustainable, inclusive growth and shared prosperity in 2013. The Russian government has pledged to focus its G20 presidency on practical solutions to stimulate growth and jobs, manage government debt and regulate the financial sector. Russia could lead in advocating yet another significant G20 priority: strengthening local capital markets. […]

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Stubborn National Politics Drag Down The Global Economy

Four years ago world leaders, meeting in the G20 crisis session, agreed they would all work to move from recession to growth and prosperity.  They agreed to a global growth compact to be delivered by combining national growth targets with coordinated global interventions. It didn’t happen. After the $1 trillion stimulus of 2009, fiscal consolidation became the established order […]

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