Global Economy and Development advances research, dialogue, and innovative solutions to address the forces of globalization and the challenges of global poverty. Our goal is to take the policy debate in new directions by providing fresh ideas on the drivers shaping the global economy, the road out of poverty and the rise of new economic powers.
Global trade talks stalled again following failed negotiations in Potsdam, Germany. As key differences remain on farm subsidies and manufactured goods, Paul Blustein, Brookings expert and former Washington Post reporter, discusses the latest challenges.
The United States government recently announced that it will partner with the IFC to create a program to catalyze private investment infrastructure in Latin America. Brookings scholars examine related growth and development challenges in the region.
Beginning with the devaluation of Thailand's currency in July 1997, East Asia experienced an economic crisis that sent ripples of economic instability to emerging market economies across the globe, and generated economic uncertainty and political upheaval. To mark the tenth anniversary of the Asian financial crisis, Brookings experts reflect on the causes and lessons and offer recommendations for further strengthening the region's vibrant economies.
With the United States running a current account deficit of about 6 percent of national income and foreign nationals holding approximately $14 trillion of U.S. assets, is America's indebtedness a major cause for concern? What are the vulnerabilities and risks of this debt for the U.S. economy and possibly even for U.S. national security?
Brookings expert Kenneth Rogoff explores the issues in recent Congressional testimony.
Australian Prime Minister John Howard recently announced that Australia will adopt an innovative permit trading system for greenhouse gases by 2012, basing his recommendation on a recent report by the Prime Ministerial Task Group on Emissions Trading. That new system puts Australia in the forefront of "cap and trade" regimes, now being proposed by several U.S. presidential candidates.
On June 21st, Brookings hosted a discussion on the Australian government's recent climate change discussions and proposed policies with Warwick McKibbin and Peter Wilcoxen, whose climate change blueprint shaped the task force recommendations.
William Easterly, a distinguished economist and development expert, has joined Brookings as a visiting fellow, Brookings President Strobe Talbott announced today.
Easterly is a professor of economics at New York University (NYU), jointly with Africa House, and is co-director of NYU's Development Research Institute. He is the author of The White Man's Burden: How the West's Efforts to Aid the Rest Have Done So Much Ill and So Little Good, and The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics, among other publications.
Easterly joins the Global Economy and Development program at Brookings and will focus on the historical determinants of development and success stories.
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