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Monday December 1, 2008

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Global Economics

RESEARCH AND COMMENTARY

Save to My PortfolioMemo to the President: Restore Global Financial Stability

Eswar Prasad, January 09, 2009, The Brookings Institution

Memo to the President: Restore Global Financial StabilityAmerica faces a profoundly altered financial landscape and a rapidly shifting world economic order. To meet the challenges of maintaining strong domestic economic growth and restoring global financial stability, we need a national agenda that tackles a broad range of domestic economic policy issues and promotes constructive engagement with the global economy. Read More

Global Economics, Global Finance, U.S. Economy, Regulation, Financial Markets

RESEARCH AND COMMENTARY

Save to My PortfolioGlobal Economic Crisis: Mixed Forecast for Jordan and Syria

Navtej Dhillon, Nader Kabbani and Taher Kanaan, December 01, 2008, The Brookings Institution

Global Economic Crisis: Mixed Forecast for Jordan and SyriaJordan and Syria have recently faced similar economic challenges such as absorbing large numbers of Iraqi refugees and fighting high inflation. Yet the global economic slowdown may have unique implications for development and reform in each country, as Taher Kanaan and Nader Kabbani reveal in interviews with the Middle East Youth Initiative’s Navtej Dhillon. Read More

Middle East, Financial Markets, Global Economics, Development, Jordan

RESEARCH AND COMMENTARY

Save to My PortfolioExpecting the Unexpected: Macroeconomic Volatility and Climate Policy

Warwick J. McKibbin, Adele Morris and Peter J. Wilcoxen, November 2008, The Brookings Institution

The global financial crisis stresses the importance of developing a global climate architecture that can withstand major economic disruptions. In a new working paper, Warwick McKibbin, Adele Morris, and Peter Wilcoxen examine the effects of unanticipated macroeconomic shocks to growth in developing countries or a global financial crisis on the performance of three climate policy regimes: a globally-harmonized carbon tax; a global cap and trade system; and the McKibbin-Wilcoxen hybrid. Read More

Climate and Energy Economics, Climate Change, Development, Developing Countries, Global Economics

VIDEO

Save to My PortfolioRethinking U.S.-Latin America Relations

Mauricio Cárdenas, November 24, 2008

Rethinking U.S.-Latin America RelationsLatin America Initiative Director Mauricio Cárdenas says the Partnership for the Americas Commission’s new report offers important recommendations and insights for the president-elect.

Latin America, Global Economics, Global Poverty, Development, Foreign Policy

RESEARCH AND COMMENTARY

Save to My PortfolioBetter Aid: Responding to Gaps in Effectiveness

Homi Kharas and Johannes F. Linn, November 2008, The Brookings Institution

Better Aid: Responding to Gaps in EffectivenessDespite increasing aid volume and ministerial promises and commitments, there are gaps in the effectiveness of development aid. Using a two-pronged approach, Homi Kharas and Johannes Linn analyze these gaps and provide useful recommendations so that the aid architecture can be strengthened, aid flows coordinated and development sustainable—ultimately making aid better. Read More

Foreign Aid, Developing Countries, Economic Development, Global Economics, Global Poverty

RESEARCH AND COMMENTARY

Save to My PortfolioRe-Thinking U.S.-Latin American Relations

November 24, 2008, The Brookings Institution

Re-Thinking U.S.-Latin American RelationsWith the opportunity of a new U.S. administration and Congress, Brookings’s Partnership for the Americas Commission released its final report noting the need for a new hemispheric partnership to address key transnational challenges and providing specific policy recommendations on five key areas: energy and climate change, migration, trade, organized crime and drug trafficking and U.S.-Cuban relations. Read More

Latin America, South America, Global Economics, Foreign Policy, Climate Change

PAST EVENT

Save to My PortfolioRe-Thinking U.S.-Latin American Relations: A Hemispheric Partnership for a Turbulent World

Monday, November 24, 2008
10:30 AM to 12:00 PM
Washington, DC

Re-Thinking U.S.-Latin American Relations: A Hemispheric Partnership for a Turbulent WorldOn November 24, the Brookings Institution hosted the Partnership for the Americas Commission for the release of their report, “Re-thinking U.S.-Latin American Relations: A Hemispheric Partnership for a Turbulent World," which offers a set of policy recommendations to the next U.S. administration to meet the challenges facing the U.S. and Latin America, from economic and poverty policies to security, foreign policy and energy. Read More

Latin America, Global Economics, Foreign Policy, South America, Crime

RESEARCH AND COMMENTARY

Save to My PortfolioTrade and the G-20 Financial Summit: Next Steps for the Doha Round?

Paul Blustein, November 17, 2008, The Brookings Institution

Trade and the G-20 Financial Summit: Next Steps for the Doha Round?At the G20 summit, leaders pledged to strive to reach an agreement on the Doha Round this year and also resist the temptation to raise new barries to investment and trade. Paul Blustein, an expert on the WTO, discusses the outcome and what is ahead for the global trade agenda. Read More

Global Governance, Financial Institutions, Global Economics, Trade, Global Finance

RESEARCH AND COMMENTARY

Save to My PortfolioThe G-20 Summit: The Medium was the Message

Lex Rieffel, November 17, 2008, The Brookings Institution

The G-20 Summit: The Medium was the MessageDespite having seats at the G-20 summit table, emerging market countries are only beginning to work within the broader system, argues Lex Rieffel in a new commentary post-summit, and big tasks lie ahead for the global financial system and the future of the G-8/G-20. Read More

Global Governance, Emerging Markets, Global Economics, Global Finance, Financial Markets

RESEARCH AND COMMENTARY

Save to My PortfolioAssessing the Key Outcomes of the G-20 Summit

Mauricio Cárdenas, November 17, 2008, The Brookings Institution

Assessing the Key Outcomes of the G-20 SummitWhat were the biggest outcomes of the G-20 summit on the financial crisis? Mauricio Cardenas examines the results and notes which steps were worthwhile, what is next and what is left hanging. Read More

Global Governance, Global Finance, International Monetary Fund, Financial Markets, Global Economics

RESEARCH AND COMMENTARY

Save to My PortfolioThe G-20 Financial Summit: A New Day for Global Governance

Colin I. Bradford, November 17, 2008, The Brookings Institution

The G-20 Financial Summit: A New Day for Global GovernanceFollowing the G-20 summit, Colin Bradford analyses the outcomes of the meeting and the governance implications, noting the G-20 has now de facto replaced the G-8. Read More

Global Governance, Financial Markets, Global Economics, Global Finance, Financial Institutions

PAST EVENT

Save to My PortfolioThe G20 Financial Summit: What’s at Stake?

Friday, November 14, 2008
1:00 PM to 2:30 PM
Washington, DC

The G20 Financial Summit: What’s at Stake?For the first time, leaders of G-20 countries gathered in Washington for an emergency summit on the global financial crisis. Brookings experts discussed the critical issues, including what is at stake and what can be accomplished, at a briefing on Friday, November 14. Read More

Global Economics, Global Finance, Global Governance, Financial Institutions, Financial Markets

RESEARCH AND COMMENTARY

Save to My PortfolioAPEC: The Challenge of Remaining Relevant

Richard Weixing Hu, November 2008, The Brookings Institution

APEC: The Challenge of Remaining RelevantAs leaders from around the Asia-Pacific gather in Peru for the APEC summit on November 22-23, former CNAPS Visiting Fellow Richard Weixing Hu writes in the Brookings Northeast Asia Commentary that APEC’s relevance could be jeopardized by its hollow dialogue agendas and competition from the growing number of regional community building projects. Read More

Asia, Global Economics, Global Finance, International Organizations

RESEARCH AND COMMENTARY

Save to My PortfolioTargeted Improvements in Crisis Resolution, Not a New Bretton Woods

Erik Berglöf and Jeromin Zettelmeyer, November 2008, VoxEU.org

In a recent article, Erik Berglöf discusses what G-20 leaders must do to stabilise our economy and fix the financial system. Read More

Financial Markets, Global Governance, Global Economics, Global Finance, Financial Institutions

Featured Experts

Lael Brainard

Lael Brainard

Vice President and Director, Global Economy and Development
Bernard L. Schwartz Chair in International Economics

Lael Brainard is vice president and director of Global Economy and Development. Formerly White House Deputy National Economic Adviser and Associate Professor at MIT, she focuses on competitiveness, trade, international economics, U.S. foreign assistance and global poverty. She is also the Director of the All Brookings Initiative on Competitiveness.
Read More

Barry P. Bosworth

Barry P. Bosworth

Senior Fellow, Economic Studies, Global Economy and Development
The Robert V. Roosa Chair

A former presidential advisor, Barry Bosworth is an expert on fiscal and monetary policy, economic growth, capital formation, and Social Security. His recent projects include studies of U.S. saving behavior and economic growth in China and India.
Read More

Paul Blustein

Paul Blustein

Journalist in Residence, Global Economy and Development

Paul Blustein, who focuses on trade, the IMF and World Bank, is writing a book about the World Trade Organization. As a former staff writer at the Washington Post, he covered economic policy and related issues and served as Asian economics correspondent in Tokyo for five years.
Read More

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Spotlight

ProgramGovernance Studies

Governance Studies explores political institutions of the United States and other democracies to assess how they govern, how their practices compare and how citizens and public servants can advance sound governance.

ExpertCarlos Pascual

Carlos Pascual is a former U.S. ambassador to Ukraine. As vice president and director of Foreign Policy, he focuses on post-conflict stabilization and international security policy.

Research ProjectThe Hamilton Project

The Hamilton Project produces research and policy proposals on how to create a growing economy that benefits more Americans. Their agenda also focuses on enhancing individual economic security and effective public investments. 

ExpertSuzanne Maloney

Suzanne Maloney studies Iran, the political economy of the Persian Gulf and Middle East energy policy. A former U.S. State Department policy advisor, she has also counseled private companies on Middle East issues.

TopicMigration

Migration is an issue that bridges Brookings’s expertise in domestic and foreign policy. In the United States, reforming immigration policy remains a subject of intense political debate. Globally, the unprecedented movement of people across borders raises issues in both industrialized countries and the developing world.

ExpertMartin S. Indyk

Ambassador to Israel and assistant secretary of state for near east affairs during the Clinton Administration, Martin Indyk directs the Saban Center for Middle East Policy. He currently focuses on the Clinton administration’s diplomacy and the Arab-Israeli conflict.

TOPICThe Presidential Transition

During the 77 days from the election to the Inauguration, Brookings experts will offer 12 "Memos to the President" on top policy priorities across the spectrum of domestic and global challenges, plus additional advice on transitioning from campaigning to governing.

ExpertEswar Prasad

Eswar Prasad, the Tolani Senior Professor of Trade Policy at Cornell University, is a senior fellow in Global Economy and Development. He was previously head of the Financial Studies Division and the China Division at the IMF.

ExpertHugh B. Price

Former president and chief executive officer of the National Urban League, Hugh Price is an expert on education, civil rights, equal opportunity and criminal justice. His 40-year career spans journalism, philanthropy, the law, and social advocacy.

ExpertDarrell M. West

Darrell M. West is the vice president and director of Governance Studies at Brookings. His studies include campaigns and elections, political advertising, mass media, public opinion, technology policy and electronic government.

ExpertMauricio Cárdenas

Mauricio Cárdenas is a senior fellow and director of the Latin American Initiative. Formerly minister of Economic Development and Transportation, and director of National Planning of Colombia, his research focuses on international and development economics. He is also the president of the Latin American and Caribbean Economic Association (LACEA).

Research ProjectLatin America Initiative

The Latin America Initiative provides high-quality, in-depth, and independent research across a range of economic and political issues, and offers policy recommendations aimed at U.S. and Latin American policymakers.

ExpertMark B. McClellan

A medical doctor and economist, Mark McClellan works on promoting high-quality, innovative and affordable health care. Once commissioner of the Food and Drug Administration and administrator of the Centers for Medicare and Medicaid Services, Dr. McClellan now directs the Engelberg Center for Health Care Reform.

Policy CenterEngelberg Center for Health Care Reform

The Engelberg Center for Health Care Reform provides practical solutions to achieve high-quality, innovative, affordable health care with particular emphasis on identifying opportunities on the national, state and local levels.

ExpertRebecca Blank

Rebecca Blank is an expert on the interaction between the macroeconomy, government anti-poverty programs, and the behavior and well being of low-income families. She has just been named the Robert S. Kerr senior fellow at Brookings.

ExpertSarah A. Binder

Sarah Binder is an expert on Congress and legislative politics.  She is completing a project on the politics of advice and consent, and is at work on the politics of how Congress responds to financial crises.

ExpertDouglas W. Elmendorf

Doug Elmendorf, whose government posts have included the Federal Reserve, Treasury, Council of Economic Advisors, and CBO, focuses his research on macroeconomics and fiscal policy. He is co-editor of the Brookings Papers on Economic Activity and director of The Hamilton Project, which develops proposals for shared growth.

ExpertJulia B. Isaacs

Julia Isaacs focuses on public investments in children and how children are affected by national budgetary policies. A former federal budget analyst, she also researches the economic mobility of children and families across the income spectrum.