Political Economy
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Essay,
Nov/Dec
2009
The global economic crisis has revealed the folly of large U.S. budget and trade deficits, as well as of the strong dollar that makes them possible. If it is serious about recovery, the United States must balance the budget, stimulate private saving, and embrace a declining dollar.
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Snapshot,
June 17, 2009
Are the bank bailouts a reward for bad behavior? Maybe. But keeping large financial institutions in business still makes sense.
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Snapshot,
May 20, 2009
At first, Russia reacted to the global economic crash with denial. Then came a period of reform. What follows next will likely decide the battle between the country's liberals and hardliners.
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Essay,
May 1, 2009
Driven by a near obsession with economic growth, Beijing has been extending the state’s reach into the economy. Thus, instead of urging it to resume extensive market reforms—which it will not readily do—Washington should encourage it to focus on a narrow range of feasible measures.
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Essay,
May/June
2009
Driven by a near obsession with economic growth, Beijing has extended the state’s reach into the economy. Instead of urging the Chinese government to resume extensive market reforms, Washington should encourage it to focus on a narrow range of feasible measures.
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Essay,
May/June
2009
Across the world, the free market is being overtaken by state capitalism, a system in which the state is the leading economic actor. How should the United States respond?
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Response,
May/June
2009
Does the current financial crisis resemble Japan's "lost decade" of the 1990s? It may be even worse, argues Robert Madsen. Not so, replies Richard Katz.
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Snapshot,
March 12, 2009
The financial crisis is challenging Beijing's ability to hold up its end of the deal with the country's elite, leading to a potential threat to the continued rule of the Chinese Communist Party.
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Comment,
Mar/Apr
2009
The financial crisis of 2008 is not a replay of Japan’s “lost decade” of the 1990s. The current crisis is the result of correctable policy mistakes rather than deep structural flaws in the economy.
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