Barry Eichengreen on China

Recent actions by Chinese authorities to rein in stock market volatility, depreciate the RMB and generally arrest actions they view as adverse to achieving requisite GDP growth raise questions that may end up overshadowing the worry about the economy’s fundamentals.

Authorities’ actions are giving rise to questions about the credibility of those who make the decisions and the capacity of those who advocate reforms to withstand pressures to achieve 7% GDP growth at all costs.

Greece: The Turning Point

Economist Anotole Kaletsky has not joined the Greek chorus bemoaning the recent deal between Athens and the EU.  He is instead refreshingly optimistic that it was a good deal for both sides, and is sustainable.

...the main conditions now seem to be in place for a sustainable recovery in Greece. Conventional wisdom among economists and investors has a long record of failing to spot major turning points; so the near-universal belief today that Greece faces permanent depression is no reason to despair.

Trade Trials: Getting TPP Right Is Better than Getting It Fast

“Foreign Affairs” ran a commentary by me on TPP, whose main message is that getting TPP right is better than getting it fast, for both economic and geopolitical reasons. But that will be very hard to do with the Obama administration’s current negotiating stance. Here is the URL: https://www.foreignaffairs.com/articles/asia/2015-05-12/trade-trials. 

Report Card on International Cooperation 2014-2015

A truly dismal report card on international cooperation in a variety of spheres, ranging from health care to nuclear proliferation. Based on a survey of global think tanks in 23 countries, it is evident that the world’s thought leaders are pessimistic about the progress being made.  Click here http://www.cfr.org/councilofcouncils/reportcard/#!/grades/2014 to view the report card by country and by issue.

The Iran Nuclear Deal, by the Numbers

The Iran Nuclear Deal, by the Numbers

An article written by Graham Allison from the Atlantic that assesses the impact of the accord that the United States and its partners reached with Iran last Thursday. For the full article please click here.

Hard Times Harder Choices

Hard Times & Harder Choices

Foreseeing Global Trends

Foreseeing Long-Term Global Trends Matters

One in Five Children Receive Food Stamps, Census Bureau Reports

One in Five Children Receive Food Stamps, Census Bureau Reports

The number of children receiving food stamps remains higher than it was before the start of the Great Recession in 2007, according to the U.S. Census Bureau’s annual Families and Living Arrangements table package released on January 28, 2015.

World Economic Forum 2015

The Global Economic Outlook - World Economic Forum 2015

What should be at the top of the agenda for the global economy in the year ahead?