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Wednesday February 10, 2010

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SPOTLIGHT: U.S. Economy


Reuters/Brendan McDermid - A man demonstrates in New York City.

Save to My Portfolio Defining Deficits Down

Isabel V. Sawhill, January 29, 2010

Following the release of President Obama's budget, Isabel Sawhill believes there will be a lot of hand-wringing about the possible economic fallout from a virtually unprecedented accumulation of debt. Not only will this string of future deficits have dire economic consequences, she says, but will also reduce public confidence in their government. Ultimately, the budget’s insufficient proposals suggest that the current administration will be criticized for moving the goal posts on deficit reduction and for doing far too little to restore fiscal balance. Read More

U.S. Economy, Budget Deficit, U.S. Congress, U.S. Politics

SPOTLIGHT: The Presidency


Reuters/Pool New - President Obama walks down the center aisle before the State of the Union address.

Save to My Portfolio Jobs and the State of the Union

Gary Burtless, January 28, 2010

President Obama used the word “jobs” 23 times in his State of the Union address. Gary Burtless states that this emphasis is understandable given that unemployment has risen more steeply than in any period since the Great Depression. The president correctly identified the policies that have prevented the recession from metastasizing into a depression, and defended the need for Congress to go further in rebuilding the economy. Read More

The Presidency, Unemployment, U.S. Politics, U.S. Economy

SPOTLIGHT: Global Economics


Reuters/Denis Balibouse - Schwab founder and Executive Chairman of WEF at a news conference at the WEF headquarters in Cologny.

Save to My Portfolio Are Davos Man's Days Numbered?

Raj M. Desai and James Raymond Vreeland, January 26, 2010

At the World Economic Forum in Davos, global cooperation is at the top of the agenda. As the governance of international organizations is at odds with the global distribution of economic power, this goal for Davos could prove difficult. Brookings expert Raj Desai and Georgetown University Professor James Raymond Vreeland discuss global governance issues among economic institutions and urge that regional organizations might be the best path for economic governance. Read More

Global Economics, Global Governance, International Organizations, International Finance, Global Financial Crisis

GOVERNANCE STUDIES

Save to My PortfolioReviewing the Federal Budget

William A. Galston, February 01, 2010, The Brookings Institution

Reviewing the Federal BudgetWilliam Galston looks at how President Obama's FY 2011 budget tackles deficit reduction and fiscal restraint. Galston notes that most economists believe the recovery is weak, and the possibility of a double-dip recession remains, therefore another year of economic stimulus is likely necessary. Read More

Federal Budget, U.S. Economy, Budget Deficit, U.S. Politics, U.S. Congress

ECONOMIC STUDIES

Save to My PortfolioBank Restructuring on the Cheap

Douglas J. Elliott, January 29, 2010, The Economist

Douglas Elliott analyzes a "bail-in" proposal which would allow a regulator of a sinking financial institution to force a swift restructuring similar to a pre-packaged bankruptcy is clever. He argues that it could help avoid the massive loss of value that usually occurs when a financial institution goes into bankruptcy. Read More

Banking, Financial Institutions

CENTER ON CHILDREN AND FAMILIES

Save to My PortfolioObama and Biden’s Dreams for the Middle Class

Isabel V. Sawhill, January 25, 2010, The Brookings Institution

Obama and Biden’s Dreams for the Middle ClassThe Obama administration recently announced proposals for helping the middle class. Isabel Sawhill notes that the proposals are designed to encourage all of the behaviors that help people achieve and maintain middle class status: getting an education, working and saving. However, she cautions that there are some areas of concern, including lack of information about the new initiative's cost plus its assumption that people can find work and earn a decent wage. Read More

Children & Families, U.S. Economy

GLOBAL ECONOMY AND DEVELOPMENT

Save to My PortfolioThe Republic of India at Sixty

Arvind Panagariya, January 25, 2010, The Brookings Institution

The Republic of India at SixtyOn the eve of India's 60th anniversary as a republic, Arvind Panagariya reflects on the country's economic accomplishments. As an economy that showed remarkable resilience to the recent global financial crisis, India is still in need of economic reform to sustain and accelerate the pace of growth and poverty alleviation. Read More

India , India's Economy, BRICs, Global Economics, Economic Development, Global Poverty, Global Financial Crisis

GLOBAL ECONOMY AND DEVELOPMENT

Save to My PortfolioRule of Law Matters: A De Facto Reboot Needed?

Daniel Kaufmann, January 21, 2010, The Brookings Institution

Rule of Law Matters: A De Facto Reboot Needed? Senior Fellow Daniel Kaufmann confronts the orthodoxy on the rule of law by reflecting on three distinct circumstances that converge on a common development theme: billions of dollars of ineffective donor aid. He also stresses the need to learn from the lessons of past donor aid missteps in the now-devastated-Haiti. Read More

Global Governance, Corruption, Justice and Law, Global Economics, Emerging Markets, Developing Countries, Development

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Q&A with Alice Rivlin

The Stock Market Crash of 1929 and Our Current Recession

"In 1929 people got carried away with the idea that stock prices were going to keep going up... eventually a bubble like that bursts. We had a bubble like that a year ago, it did burst." - Alice Rivlin, Senior Fellow, Economic Studies

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Spotlight

TopicEducation

The economic and political well-being of any society requires a well-educated citizenry. Brookings’s work extends beyond the K-12 bookends to include pre-school interventions, higher education and the challenges of education in developing countries.

ExpertTed Gayer

Ted Gayer is the co-director of the Economic Studies program and the Joseph A. Pechman Senior Fellow at the Brookings Institution. He conducts research on a variety of economic issues, focusing particularly on public finance, environmental and energy economics, housing, and regulatory policy.

TopicHealth Care

Brookings is committed to producing innovative policy solutions to our nation’s most difficult challenges. The country may face no more important domestic policy challenge than the much-needed reform of our health care system. Through an institution-wide effort, Brookings delivers new ideas and offers policy solutions to improve health care both at home and globally.

Policy CenterCenter on Children and Families

The Center on Children and Families studies policies on the well-being of America's children and their parents and seeks a more effective means of addressing poverty, inequality and lack of opportunity in the United States.

ExpertVanda Felbab-Brown

Vanda Felbab-Brown focuses on the national security implications of illicit economies and strategies for managing them. She is an adjunct professor in the Security Studies Program at Georgetown University’s School of Foreign Service.

Research ProjectBrookings-Bern Project on Internal Displacement

The Brookings-Bern Project on Internal Displacement monitors displacement problems worldwide, works with governments, regional bodies, international organizations and civil society to create more effective policies and institutional arrangements for Internally Displaed Persons.

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.

Research ProjectAfrica Growth Initiative

The Africa Growth Initiative conducts high-quality policy research and analysis focused on attaining sustainable economic development and prosperity in Africa, while amplifying the voice of African researchers in policy-making and planning.

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.

ExpertIsabel V. Sawhill

A nationally known budget expert, Isabel Sawhill focuses on domestic poverty and federal fiscal policy. She is also co-director of the Center on Children and Families at Brookings.

ExpertAmy Liu

Amy Liu is deputy director of the Brookings Metropolitan Policy Program. Her policy studies include economic competitiveness, metropolitan growth and development, governance reforms, urban reinvestment, and social equity.

Research ProjectArms Control Initiative

Few problems pose greater challenges to U.S. national security than controlling, reducing and countering the proliferation of nuclear arms. The Brookings Arms Control Initiative brings the Institution’s multidisciplinary strengths to bear on the critical challenges of arms control and non-proliferation.

ExpertRichard C. Bush III

Richard Bush is the director of the Center for Northeast Asian Policy Studies. His public service career spans Congress, the intelligence community and the U.S. State Department. He currently focuses on China-Taiwan and U.S.-China relations, the Korean peninsula and Japan’s security.

Policy CenterCenter for Northeast Asian Policy Studies

CNAPS conducts research, analysis, and outreach designed to enhance policy development and understanding on the pressing political, economic, and security issues facing Northeast Asia.

Policy CenterUrban-Brookings Tax Policy Center

The Tax Policy Center, a joint venture of the Urban Institute and Brookings Institution, is comprised of nationally recognized experts in tax, budget and social policy who have served at the highest levels of government.

ExpertDomenico Lombardi

As president of the Oxford Institute for Economic Policy, Domenico Lombardi’s work at Brookings focuses on the international financial crisis and the reform of the IMF and the World Bank. He is an expert on G-20 and G8 Summits.

ExpertMark McClellan

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 & Medicaid Services, Dr. McClellan now directs the Engelberg Center for Health Care Reform.

ExpertMwangi S. Kimenyi

Mwangi S. Kimenyi is a senior fellow with the Africa Growth Initiative. He focuses on Africa's development, including institutions for economic growth, the political economy, and private sector development.