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Open Think Tank Articles
Ethan Christian Arrow: The rapid growth of India and China is reshaping the present international order. Representatives of these nations elucidate their intention to replicate the West’s wealth without replacing its established international order. Following such a path, without first securing democratic freedoms and institutions, will however, prove problematic.
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Nouriel Roubini: The Financial Times recently interviewed economist Nouriel Roubini regarding the current US housing market problem and the potential for an extended US recession. Roubini addresses the outlook of the US economy, mortgages, potential policy action—The Frank-Dodd bill, Fed policy, and the outlook of financial markets.
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Ulf Gartzke: Bush’s last-minute climate change proposal threatens the historic consensus that was to be Merkel’s crowning achievement as G8 president. Is Bush serious about reducing greenhouse gases, or could this be an attempt to sabotage the Summit?
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Global Must Read Articles
China can revive the world economy by strengthening its consumption. ++ Its industrial development has been shaped by US consumer demand and “US consumption has in turn been fueled by Chinese lending that kept interest rates low.” ++ This circle is broken - the US economy is in a recession and the Chinese are failing to fill the gap. ++ China has the resources to undertake stimulus
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Economically speaking,
Arab states have developed at a strikingly slower pace in the last 20 years
than most other regions in the world. This is particularly true for the Arab Mediterranean, including Jordan, Egypt, Tunisia, Algeria and
Morocco, which have failed to capitalize on their especially advantageous
geo-strategic position “at the crossroads of three continents, with
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It has been unchallenged that export-led growth is the way to go for developing countries. ++ In light of the global slowdown, however, it is likely that the EU and US will become less hospitable to developing nations’ exports. ++ South-south trade cannot help, because emerging economies trade similar products and countries such as Brazil already struggle in the race with China. ++ Future
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In times of elections, it becomes obvious that both the right and the left promise the same thing which is economic growth. ++ However, the growth strategies and the ideas about the role of the state differ from each other. ++ The right-wing assumption that in the long run markets are “self-correcting” was proven wrong by recent developments in the US economy. ++ Therefore, the left has a more
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With regard to the global slowdown, it would be wise if China privatized state-owned assets in order to transform China’s growth model from being export-driven to being stimulated by domestic consumption. ++ Even if the country’s assets in government hands supported the emergence of an industrialized economy in the past, it is time for the government to share the wealth through economic growth
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The Western coupling of China and India as rising powers overlooks drastic differences between the two countries. ++ China began liberalization first, and its growth has put it “in a totally different economic league from India.” ++ Yet despite pro-Tibetan protests in India and border disputes, the two countries would do well to work together. ++ India excels in the software sector, while China’s
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The inner-workings of the sub-prime crisis in the United States are explored by the BBC. Scrutinized are its origins and its effects, but particularly the role of the mortgage bond market in the outcome and current challenges.
The city of Cleveland is used as a representative example of the complications, given financial institutions capitalized on its predominant character as working-class,
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