Economics

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Snapshot,
Karel Lannoo

During the free-fall of the global financial crisis, representatives from 20 of the world’s leading economies agreed to gather regularly in order to tame the wild beast of finance. Five years later, it is time to take stock.

Snapshot,
Tom Keatinge

Since 2011, FATF, the international body charged with developing policies to combat money laundering and terrorism financing, has had Turkey on its gray list of high-risk and non-cooperative jurisdictions. Here's why.

Snapshot,
Johan Lagerkvist

Although China's leaders are intent on liberating the country's economy, they have outlined no such liberalization for China’s restless civil society. That approach may come back to haunt them.

Snapshot,
David Petraeus and Robert Zoellick

As crises in the Middle East and rising tensions in Asia have consumed U.S. policymakers’ attention over the past decade, Washington has devoted comparatively little thought to North America. Yet it is precisely today's broader global challenges that make an ambitious strategy to strengthen North America so important.

Snapshot,
Diane Coyle

The economy’s character -- and what citizens value -- is changing, and that the way we measure the economy will have to keep up. In particular, economists will have to grapple with three issues: complexity, driven by innovation; the increasing share in advanced economies of intangibles, such as online activities with no price; and sustainability.

Snapshot,
Bhaskar Chakravorti, Jianwei Dong, Kate Fedosova

European corporations have an important competitive advantage in many emerging markets: a legacy of colonialism that provides cultural, linguistic, and political ties. The fact that the United States has no such legacy is a liability as U.S. firms try to catch up to their European competitors and seize new opportunities in the world’s fastest-growing economies.

Comment, Mar/Apr 2014
Jake Kendall and Rodger Voorhies

Most of the world’s poor lack a basic savings account, but the humble cell phone may change all that. Thanks to mobile finance, banks can now offer critical services to more people and in more places than ever before, helping them escape poverty for good.

Comment, Mar/Apr 2014
Jan-Werner Müller

Ten years ago, eight eastern European states joined the European Union, seemingly locking them onto an upward developmental trajectory. But now this supposed triumph is in serious doubt, as most those countries are experiencing profound political crises.

Essay, Mar/Apr 2014
Zachary Karabell

The notion that a few simple numbers such as GDP or inflation can capture today’s multifaceted economic systems is a myth worth abandoning. Instead, economists should ask specific new questions and embrace new ways of answering them.

Interview, Mar/Apr 2014
Ngozi Okonjo-Iweala

Nigeria's finance minister speaks with Foreign Affairs about the developing world's role in international financial institutions, the fight against corruption, and her mother's politically motivated kidnapping.

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