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Sunday November 22, 2009

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  • Protecting Putin's Protection Racket

    Wed, 11 Nov 2009 00:00:00 GMT

    Protecting Putin's Protection Racket
    When Putin took power in 2000, he established a protection deal among powerful business owners. Clifford Gaddy and Barry Ickes discuss the intricacies of this arrangement and what message a recent suit against one of the country’s leading business newspapers is meant to send.

  • An Awkward Dance: China and the United States

    Wed, 11 Nov 2009 00:00:00 GMT

    An Awkward Dance: China and the United States
    While the economic entanglements between the U.S. and China have increased over the last decade, so has the tension. With President Obama visiting China and other Asian nations, Brookings expert Eswar Prasad and Grace Gu of Cornell University discuss the tightening embrace between the two countries—in terms of flows of goods and services, financial capital and people—and the implications.

  • The Scouting Report: Previewing President Obama's First Trip to China

    Wed, 04 Nov 2009 12:30:00 GMT

    Event Information:

    • November 04, 2009, 12:30 PM to 1:30 PM

    China’s continued ascension presents policy challenges for both Beijing and Washington. President Barack Obama made his first trip to China from November 15-18. Kenneth Lieberthal and Fred Barbash, Politico's senior editor, took questions about the president’s trip to China in this edition of the Scouting Report.

  • India and a Carbon Deal

    Mon, 02 Nov 2009 00:00:00 GMT

    India and a Carbon Deal
    There is an emerging consensus among governments that aggressive climate change mitigation would be desirable, though they remain divided about how the associated burden should be shared. Urjit Patel argues that a burden sharing criterion which involves emissions permit allocation to each developing country would be a fair deal and discusses how this would affect India.

  • G-20 Summit: Recovering from the Crisis

    Thu, 17 Sep 2009 00:00:00 GMT

    G-20 Summit: Recovering from the Crisis
    On September 24, President Obama will chair his first G-20 Summit in Pittsburgh. With the world economy improving, leaders will now focus their attention on economic recovery and restoring financial stability. Experts from Brookings Global Economy and Development program analyze top issues to be addressed at the summit and provide recommendations on how to effectively overcome global economic and governance challenges to ensure recovery now and to prevent future crises.

  • A Dangerous Game of Trade 'Chicken'

    Mon, 14 Sep 2009 00:00:00 GMT

    A Dangerous Game of Trade 'Chicken'
    The Obama administration's decision to impose tariffs on imports of Chinese tires has been met with a swift and sharp response by China. Eswar Prasad discusses the implications of protectionist measures and warns this U.S.-China spat could have global consequences.

  • Climate Change and India

    Mon, 10 Aug 2009 00:00:00 GMT

    Climate Change and India
    In response to Secretary Clinton's call for India to help combat global warming, India's environment minister said that India, with over 300 million impoverished people, was not in a position to assume legally binding emissions. Arvind Panagariya reviews the debate and argues for developed countries to substantially cut their emissions before asking developing countries to commit to mitigation.

  • Singh’s Big Chance to Unchain the Indian Economy

    Sun, 09 Aug 2009 00:00:00 GMT

    Singh’s Big Chance to Unchain the Indian Economy
    Although India’s economy has weathered the global financial crisis quite well, Eswar Prasad says the present political and economic circumstances in India give Prime Minister Manmohan Singh a chance to deliver real reforms, which are crucial for sustained growth that does not leave behind much of the population.

  • Rebalancing Growth In Asia Depends on Chinese Consumer Spending

    Sun, 02 Aug 2009 00:00:00 GMT

    Rebalancing Growth In Asia Depends on Chinese Consumer Spending
    Eswar Prasad argues that a key component in restoring overall global financial health is to fix growth imbalances in Asia's emerging markets, especially China's excessive dependence on export- and investment-led growth. Prasad encourages financial market development in China to increase private consumption to make growth more balanced and thus help stabilize the world financial and economic systems.

  • Sky’s the Limit? National and Global Implications of China’s Reserve Accumulation

    Tue, 21 Jul 2009 00:00:00 GMT

    Sky’s the Limit? National and Global Implications of China’s Reserve Accumulation
    While the financial crisis slowed the pace of foreign exchange reserve accumulation in late 2008, growth has recently taken off again. China announced its stock of reserves crossed the astounding milestone of $2 trillion this spring. Eswar Prasad and Isaac Sorkin analyze the sources and patterns of reserve accumulation and examine what implications this reserve buildup has for the Chinese and global economies.

  • Brazil in the Global Crisis: Still a Rising Economic Superpower?

    Mon, 13 Jul 2009 14:00:00 GMT

    Event Information:

    • July 13, 2009, 2:00 PM to 3:30 PM

    On July 13, the Latin America Initiative at Brookings hosted a discussion on the recently released book, Brazil as an Economic Superpower? Understanding Brazil’s Changing Role in the Global Economy (Brookings Institution Press, 2009), edited by Brookings Political Economy Fellow Leonardo Martinez-Diaz and Lael Brainard, former vice president and director of Global Economy and Development at Brookings.

  • Financial Markets and Emerging Economies - The Decoupling Debate Is Back!

    Tue, 16 Jun 2009 00:00:00 GMT

    As the global financial crisis persists, some believe that emerging markets have become less reliant on advanced economies. Eswar Prasad and M. Ayhan Kose examine certain aspects of the decoupling hypothesis to see what they indicate for the future of the global economy.

  • Will the Singh Government Transform India Into a Modern Economy?

    Tue, 26 May 2009 00:00:00 GMT

    Will the Singh Government Transform India Into a Modern Economy?
    As Manmohan Singh begins his second term as India's Prime Minister, many challenges lay ahead. Arvind Panagariya recommends that to push vital economic reforms ahead, Mr. Singh's government must focus on both the business and rural sectors.

  • The Global Financial Crisis: Causes and Consequences

    Thu, 09 Apr 2009 00:00:00 GMT

    As the global economy begins to show some signs of recovery following the financial crisis, many are asking if the worst is over. In an interivew with the Australian Broadcasting Cooperation, Warwick McKibbin discusses the causes and consequences of the crisis and his optimitism for economic growth in many countries.

  • India Must Lead the G-20 Agenda

    Thu, 02 Apr 2009 00:00:00 GMT

    The reordering of the global economic power structure has created a leadership void among emerging markets. Eswar Prasad believes India is in an ideal position to lead the emerging markets and urges them to step up.

  • Brazil as an Economic Superpower? : Understanding Brazil's Changing Role in the Global Economy

    Wed, 01 Apr 2009 00:00:00 GMT


    Brookings gathered scholars and policymakers from Brazil, Europe, and the United States to examine the present state and likely future of Brazil’s economy. Their findings can be found in Brazil as an Economic Superpower? The authors’ analysis focuses particularly on five key topics: agribusiness, energy, trade, social investment, and multinational corporations.

  • Can India's Tiger Economy Survive the Global Crisis?

    Tue, 31 Mar 2009 00:00:00 GMT

    Can India's Tiger Economy Survive the Global Crisis?
    How worried should India be by the global economic crisis? Will the crisis impact India’s overall growth trajectory and thus mark the end of the country’s growth miracle? In this article, Brookings expert Homi Kharas, along with Laurence Chandy and Geoff Gertz, examine India’s long term economic outlook in light of the crisis and consider how policymakers should respond.

  • U.S.-Russian Leadership for Global Financial and Energy Security

    Mon, 23 Mar 2009 14:00:00 GMT

    Event Information:

    • March 23, 2009, 2:00 PM to 3:30 PM

    Amid a growing global recession and financial and energy challenges, a new U.S.-Russia relationship offers promise for new models of cooperation aimed at long-term solutions. On March 23, Brookings hosted a panel of Russian and American experts to discuss international cooperation on energy security, the financial architecture, and other key challenges.

  • The Limits to Fiscal Stimulus in Latin America and the Caribbean

    Fri, 20 Mar 2009 00:00:00 GMT

    Despite calls for all countries to pursue stimulus efforts, not all countries are capable of enacting fiscal stimulus plans to foster economic growth during the global financial crisis. Mauricio Cárdenas and Julia Guerreiro discuss the current status of Latin American countries and consider the magnitude of fiscal stimulus efforts already underway.

  • Russia's Economic Policy at a Crossroads

    Wed, 18 Feb 2009 00:00:00 GMT

    Russia's Economic Policy at a Crossroads
    Russia expert Clifford Gaddy discusses a range of Russian economic and political issues in an interview with Bloomberg’s Tom Keene. From U.S.-Russia relations to Russia’s current economic challenges and the Russian perspective, Gaddy offers insight into Russia’s policies.

  • India's Financial Secret Weapon

    Thu, 29 Jan 2009 00:00:00 GMT

    Originally thought to be immune to effects from the U.S. economic slowdown, many emerging economies have been hard hit. However, India has escaped the worst of the financial crisis, but how long can it last? In an article in Foreign Policy Magazine, Arvind Panagariya examines ways in which the Indian economy has not remained entirely immune to the tremors in the world economy.

  • Russia's Economic Meltdown: Consequences and Prospects for the Future

    Wed, 28 Jan 2009 00:00:00 GMT

    Russia's Economic Meltdown: Consequences and Prospects for the Future
    Moscow faces the prospect of serious turmoil as protests in response to the financial crisis spread throughout Russia. What underlying policies beyond the global financial crisis gave rise to the current problem and how well is the Putin administration weathering the storm? At a recent event by the Carnegie Endowment for International Peace, Clifford Gaddy and Barry Ickes discussed the main issues.

  • Russia's Economic Meltdown: Consequences and Prospects for the Future

    Wed, 28 Jan 2009 12:00:00 GMT

    Event Information:

    • January 28, 2009, 12:00 PM to 1:30 PM

    Moscow faces the prospect of serious turmoil as protests in response to the financial crisis spread throughout Russia. What underlying policies beyond the global financial crisis gave rise to the current problem and how well is the Putin administration weathering the storm? At a recent event by the Carnegie Endowment for International Peace, Clifford Gaddy and Barry Ickes discuss the main issues.

  • The Russia-Ukraine Natural Gas Battle

    Wed, 07 Jan 2009 00:00:00 GMT

    The Russia-Ukraine Natural Gas Battle
    Following a dispute between Russia and Ukraine, Gazprom halted natural gas shipments through Ukraine, prompting shortages across Europe and growing calls of alarm. In an interview on the Diane Rehm Show, Clifford Gaddy discusses the essence of this dispute and the risks for Russia’s reputation.

  • Putin's Third Way

    Tue, 06 Jan 2009 00:00:00 GMT

    Putin's Third Way
    With the rise in oil prices and a conservative fiscal policy, Russia turned from a debtor nation into an economic powerhouse. Putin’s strategy created a compromise between the excesses of the free market and the inefficiencies of a command economy. Yet there remain deep cracks in the foundation of the post-Soviet structure. In a recent article in The National Interest, Clifford Gaddy and Barry Ickes discuss whether or not his Putinomics can survive the financial crisis.

  • Why Are Saving Rates of Urban Households in China Rising?

    Tue, 30 Dec 2008 00:00:00 GMT

    Why Are Saving Rates of Urban Households in China Rising?
    In China, the household savings rate rose by 7 percent from 1995 to 2005, reflecting savings of about one quarter of disposable income. Why are Chinese households saving so much across all demographic groups? In a new paper, Eswar Prasad and Marcos Chamon analyze the savings patterns of households in China and discuss the economic drivers.

  • Pay Attention to Latin America

    Sun, 23 Nov 2008 00:00:00 GMT

    Pay Attention to Latin America
    In a new op-ed outlining the recommendations by Brookings’s Partnership for the Americas Commission, co-chairs Ernesto Zedillo and Thomas Pickering detail the need for stronger hemispheric relations and outline five areas for potential policy partnerships for the next administration.

  • Latin America: Coming of Age

    Mon, 27 Oct 2008 00:00:00 GMT

    Latin America: Coming of Age
    Apart from the new pressures of the global financial crisis, the countries of Latin America are enjoying a period of economic growth, prosperity, and stable democracies. Yet these countries are also experiencing a great demographic change that will place more demand on their economies and governments. Leonardo Martinez-Diaz explains what these trends will mean for the region.

  • Global Financial Crisis: Is Brazil a Bystander?

    Wed, 15 Oct 2008 00:00:00 GMT

    Global Financial Crisis: Is Brazil a Bystander?
    In the wake of the global financial crisis, President of Brazil, Luiz Inácio Lula da Silva, has expressed confidence in the Brazilian economy to withstand a slowdown. Mauricio Cardenas discusses the fundamentals of the Brazilian economy and analyzes whether Brazil is likely to maintain its economic strength.

  • Can Russia Compete? Enhancing Productivity and Innovation in a Globalizing World

    Wed, 15 Oct 2008 15:00:00 GMT

    Event Information:

    • October 15, 2008, 3:00 PM to 5:00PM

    On October 15, 2008, Brookings co-hosted a discussion with the World Bank InfoShop on Can Russia Compete? Enhancing Productivity and Innovation in a Globalizing World. After escaping economic bankruptcy within the past ten years, Russia now needs to set its sights beyond oil and gas. Co-editors Raj M. Desai and Itzhak Goldberg focus on Russia's neglected manufacturing sector; and quantify and benchmark the relative strengths of the sector, identifying opportunities to increase the emerging economy's productivity and competitiveness.

  • Top 10 Global Economic Challenges Facing America's 44th President

    Fri, 10 Oct 2008 00:00:00 GMT

    Top 10 Global Economic Challenges Facing America's 44th President
    As President-Elect Obama prepares to lead the United States, what are the top global economic challenges facing the new president and his advisors and how should the new administration address them? A new report by Brookings global economic and development experts ranks the top 10 issues and details specific ideas for how to tackle the toughest challenges.

  • Nano: The Car for the Common Man?

    Thu, 25 Sep 2008 00:00:00 GMT

    Nano: The Car for the Common Man?
    In January 2008, excitement surrounded the revelation by Tata Motors to offer the world’s cheapest vehicle, the Tata Nano, with a purchase price of US$2,500. Tata was praised for creating a car for the common man in India, but Arvind Panagariya questions the real cost of Nano’s production on taxpayers by examining the tripartite agreement signed between Tata Motors, West Bengal government and West Bengal Industrial Development Corporation.

  • The Financial Crisis and Emerging Markets

    Wed, 24 Sep 2008 00:00:00 GMT

    The Financial Crisis and Emerging Markets
    As the U.S. financial crisis continues to unfold, what is the likely impact on emerging markets, such as China, India and Brazil? Eswar Prasad and M. Ayhan Kose release new research examining economic decoupling between industrial and emerging markets and discuss the likely effects of the crisis.

  • Don't Reject the U.S.-India Nuclear Deal

    Wed, 24 Sep 2008 00:00:00 GMT

    Don't Reject the U.S.-India Nuclear Deal
    As the U.S.-India civil nuclear agreement goes to Congress for approval, Philip Gordon notes the considerable advantages and limited downsides the pact will hold for both countries. He argues that rejection of the deal would only serve to isolate the United States by denying firms the opportunity to participate in partnerships with an emerging strategic partner.

  • Can Latin American Economies Deflect the Financial Crisis?

    Mon, 22 Sep 2008 00:00:00 GMT

    Can Latin American Economies Deflect the Financial Crisis?
    The U.S. financial crisis has profound implications for emerging markets given the integrated and global nature of today’s economy. Mauricio Cardenas, director of Brookings’s Latin America Initiative, examines the likely impact on Latin American economies and discusses how they might deflect some of the aftershocks from the U.S. economic crisis.

  • Russia's Stock Market Fall: It's All About Oil

    Tue, 16 Sep 2008 00:00:00 GMT

    Russia's Stock Market Fall: It's All About Oil
    Cliff Gaddy explores the widely held idea that Russia's recent invasion of Georgia was a primary cause for the Russian stock market to plummet. Instead, Gaddy believes the global decline in oil prices—now nearly 30% off highs in July—is a more likely reason.

  • What Does a Free Trade Area of the Asia-Pacific Mean to China

    Wed, 27 Aug 2008 00:00:00 GMT

    What Does a Free Trade Area of the Asia-Pacific Mean to China
    In “What Does a Free Trade Area of the Asia-Pacific Mean to China,” the latest installment of the Brookings Global Economy and Development working paper series, Tingsong Jiang, Senior Economist at the Centre for International Economics in Australia, and Warwick J. McKibbin, Nonresident Senior Fellow in Global Economy and Development, assert it is in China’s interest to actively liberalize trade in the Asia-Pacific region.

  • How Not To Punish Moscow

    Sat, 23 Aug 2008 00:00:00 GMT

    How Not To Punish Moscow
    Cliff Gaddy discusses the politics of managing the situation between Russia and Georgia, advising that using economics as a tool poses risks on a global scale.

  • War in Georgia—End of an Era, Beginning a New Cold War?

    Tue, 12 Aug 2008 00:00:00 GMT

    War in Georgia—End of an Era, Beginning a New Cold War?
    With violence erupting between Georgia and Russia, Johannes Linn analyzes the serious dilemmas confronting both countries and their citizens as well as the consequences for the global community. Linn examines the reemergence of a cold-war mentality, calls for a swift halt of Russia’s military actions and provides recommendations for the world’s response to the conflict.

  • China's Economic Muscle

    Thu, 07 Aug 2008 15:08:23 GMT

    China has enjoyed significant economic growth and become a major global actor. Wing Thye Woo notes that China’s economic muscle, driven by infrastructure and exports, is probably safe from a short-term global recession. But a longer recession could threaten China's ability to modernize its industries.

  • Infrastructure: Time to Compete to Win

    Tue, 22 Jul 2008 00:00:00 GMT

    Infrastructure: Time to Compete to Win
    The Olympic development boom in China showcases the results of years of rapid growth in China’s economy and mirrors that of many other emerging markets. One of the Olympic lessons for the U.S. should be to reverse its ailing infrastructure trend and begin investing for the long-term to stay competitive, according to Lael Brainard.

  • Exploring China’s Growth and the International Climate Framework

    Mon, 21 Jul 2008 00:00:00 GMT

    Exploring China’s Growth and the International Climate Framework
    Climate change may be the key obstacle in preventing China from reaching equivalent living standards with the Western world. Warwick McKibbin, Peter Wilcoxen, and Wing Thye Woo analyze the future of international climate change agreements and offer recommendations on how to engage China, continue growth and establish an effective framework.

  • What Did the G8 Summit Achieve?

    Thu, 10 Jul 2008 00:00:00 GMT

    What Did the G8 Summit Achieve?
    Poverty, climate change, and the food crisis were at the forefront of the G8 Summit held in Hokkaido, Japan this week. Johannes Linn assesses the G8 meeting outcomes, and explores the implications of their commitments and other pending issues, including potential enlargement of the group.

  • Late to the Party: When Will the G8 Bring in the Heavy Hitters?

    Mon, 07 Jul 2008 00:00:00 GMT

    Late to the Party: When Will the G8 Bring in the Heavy Hitters?
    Held July 7-9 in Hokkaido, Japan, the G8 Summit has traditonally included only the most powerful heads of government. Colin Bradford argues that, in order to address global challenges, this outdated system should expand to include leaders from major emerging market economies.

  • Why All Augurs Well for India-U.S. Relations

    Thu, 03 Jul 2008 00:00:00 GMT

    Why All Augurs Well for India-U.S. Relations
    The most dramatic American presidential election in many decades contains good news for U.S.-Indian relations, says Strobe Talbott. The next president will inherit a relationship that is on an upward trajectory, but to better meet the challenges both countries share, he should translate into concerted action all the talk in recent years about the world’s oldest and largest democracies being “natural allies” and “strategic partners.”

  • The Right Way to Beat Chinese Inflation

    Wed, 02 Jul 2008 00:00:00 GMT

    The Right Way to Beat Chinese Inflation
    The threat of high inflation is plaguing many countries, including China, which must balance its long-term goal of sustained and strong economic growth with policies to tame inflation. Wing Thye Woo offers recommendations on how to balance these competing demands.

  • Can Russia Compete? : Enhancing Productivity and Innovation in a Globalizing World

    Tue, 01 Jul 2008 00:00:00 GMT


    The original research and analysis of Desai, Goldberg, and their colleagues will be of use to anyone interested in the problems of building manufacturing competitiveness, especially in Russia and the post-Soviet transition economies.

  • Russia's Addiction : The Political Economy of Resource Dependence

    Tue, 01 Jul 2008 12:00:00 GMT

    Through alternating periods of boom and bust, Russia’s fortunes and the legacies of its leaders have been dependent on the fluctuating value of its oil and natural gas.

  • U.S. Relations with China

    Fri, 27 Jun 2008 11:33:19 GMT

    The rise of China has created a number of geopolitical and diplomatic challenges. CSIS senior advisor Michael Green tells Martha Raddatz of ABC News that it's likely that our next president will work diligently to maintain good relations with China.

  • Brazil's Trade Policy: Old and New Issues

    Wed, 14 May 2008 00:00:00 GMT

    In this paper, Mauricio Moreira discusses Brazil’s trade agenda and identifies key reforms necessary if the country is to fully enjoy the growth and welfare benefits of trade.

  • Brazil's Trade Policy: Moving Away From Old Paradigms

    Wed, 14 May 2008 00:00:00 GMT

    In this paper, Pedro da Motta Veiga analyzes key shifts in Brazil’s trade policy and examines the tensions between forces pressing for more trade liberalization and those favoring a protectionist paradigm.

  • Brazil: The Challenges of Becoming an Agricultural Superpower

    Wed, 14 May 2008 00:00:00 GMT

    In this paper, Geraldo Barros provides an overview of Brazil’s agro-industrial sector and examines the challenges Brazil faces in becoming an agricultural superpower. These challenges include restoring the investment pattern in infrastructure, science and technology, and human capital of previous decades.

  • Brazil as an International Energy Player

    Wed, 14 May 2008 00:00:00 GMT

    In this paper, Ricardo Sennes and Thais Narciso analyze the current Brazilian energy matrix in terms of oil, natural gas, hydropower and biofuels, as well as the policies and market regulations that affect energy supply.

  • Technology, Public Policy, and the Emergence of Brazilian Multinationals

    Wed, 14 May 2008 00:00:00 GMT

    In this paper, Edmund Amann examines the role of technology, innovation, and public policy in the development of some of Brazil’s largest and most internationalized firms.

  • Putin’s Plan: The Future of "Russia Inc."

    Fri, 29 Feb 2008 00:00:00 GMT

    Putin’s Plan: The Future of
    Dmitri Medvedev—Vladimir Putin’s hand-picked successor—won Russia's recent presidential election. Clifford Gaddy, senior fellow and a Russia expert at Brookings, examines the future for Russia by analyzing “Putin’s Plan” for continuity of policy and what it means for international and domestic relations, and the economy.

  • India's Growing Economy: Song of the Crossroads

    Mon, 18 Feb 2008 00:00:00 GMT

    India's Growing Economy: Song of the Crossroads
    Arvind Panagariya discusses India's recent economic growth and how reforms can help this trend to continue.

  • Russia's Virtual Economy

    Mon, 11 Feb 2008 00:00:00 GMT

    Russia's Virtual Economy
    The virtual economy was the system of informal rent-distribution that arose in post-Soviet Russia in the 1990s as nonviable Soviet-era manufacturing industries sought to protect themselves from the discipline of the market.  The article discusses the system’s historical roots, describes some of its characteristic phenomena, and outlines a model for behavior of enterprises.

  • Russia Resurgent: The Once and Future Superpower

    Thu, 07 Feb 2008 00:00:00 GMT

    Fueled by rising revenues from its vast oil reserves, Russia is experiencing a sudden comeback from its economic and political collapse just sixteen years ago. This program will consider what Russia’s re-emergence as a global force could mean for the already diminishing constraints of arms control and for a renewed power struggle between Russia and the U.S. in an increasingly multi-polar world. Brookings Scholar Clifford Gaddy speaks about Russia, past and present.

  • China’s Economic Growth and Its Implications for the World

    Tue, 08 Jan 2008 13:30:00 GMT

    Event Information:

    • January 08, 2008, 1:30 PM to 5:30 PM

    On January 8, the John L. Thornton China Center and CAIJING Magazine hosted a symposium on China’s economy and its implications for the global economy. A distinguished panel of leading economists and China experts analyzed and discussed the policy options that would enable sustained high growth of the Chinese and global economy.

  • Russian Election Results and U.S.-Russia Relations

    Mon, 03 Dec 2007 00:00:00 GMT

    Russian Election Results and U.S.-Russia Relations
    Brookings Senior Fellow Clifford Gaddy joins Diane Rehm and guests for analysis of the parliamentary election results in Russia and what they mean for the future of democracy there.

  • Facing Protectionism Generated By Trade Disputes: China’s Post-WTO Blues

    Fri, 30 Nov 2007 00:00:00 GMT

    U.S. policymakers and presidential hopefuls often express concern over the large and growing U.S.-China trade deficit and propose solutions, including appreciation of the yuan, to help resolve it. Yet, what are the real economic issues underlying the trade deficit and what policies would help successfully resolve it?

  • What Form Should An Asian Economic Union Take?

    Fri, 30 Nov 2007 00:00:00 GMT

    Brookings Scholar Wing Thye Woo discusses the key components for forming an effective Asian Economic Forum.

  • The Subprime Mortage Crisis and Central Banks: a Rock and a Hard Place

    Sun, 11 Nov 2007 00:00:00 GMT

    Brookings Scholar Urjit Patel examines the global effects of the US sub-prime market crisis on central banks.

  • Dealing Sensibly with the Threat of Disruption in Trade with China: The Analytics of Increased Economic Interdependence

    Thu, 18 Oct 2007 00:00:00 GMT

    Noting widespread concern in Washington over the large and growing U.S.-China trade deficit, Brookings Scholar Wing Thye Woo discusses solutions to the present trade tensions.

  • Issues in the U.S.-Russia Economic Relationship

    Wed, 17 Oct 2007 00:00:00 GMT

    In this congressional testimony, Cliff Gaddy examined what is at stake in the U.S.-Russian economic relationship—specifically the business climate in Russia—arguing that "the truly important part of the Russian economy that matters for the outside world, including the United States, is oil and gas."

  • The G-20 After Eight Years: How Effective a Vehicle for Developing-Country Influence?

    Wed, 17 Oct 2007 00:00:00 GMT

    Leonardo Martinez-Diaz examines if the influence of developing countries has been strengthened after eight years of participation in the Group of Twenty Finance Ministers and Central Bank Governors (G-20).

  • India Policy Forum 2006-07 : Volume 3

    Mon, 01 Oct 2007 12:00:00 GMT


    India Policy Forum is an annual publication with the objective of presenting high-quality empirical research on the major economic policy issues that confront contemporary India.

  • Mexico's Economic Challenges

    Wed, 05 Sep 2007 00:00:00 GMT

    Reviewing President Felipe Calderon's report to Mexico's Congress, Leonardo Martinez-Diaz argues that Calderon's ambitious plans to reform his nation's economy will come to little unless his government can deliver on tax reform.

  • Indonesia: Ten Years After the Crisis

    Thu, 28 Jun 2007 00:00:00 GMT

    Opinion by Lex Rieffel, The Brookings Institution (6/28/07)

  • The Asian Financial Crisis: A Ten-Year Retrospective on the Winds of Fortune

    Thu, 28 Jun 2007 00:00:00 GMT

    Opinion by Wing Thye Woo, The Brookings Institution (6/28/07)

  • Managing Future Financial Crises: The IMF's Role

    Wed, 27 Jun 2007 00:00:00 GMT

    Opinion by Paul Blustein, The Brookings Institution (6/27/07)

  • Ten Years After the East Asian Crisis: A Resurgent and Restructured Region

    Wed, 27 Jun 2007 00:00:00 GMT

    Opinion by Homi Kharas, The Brookings Institution (6/27/07)

  • Trade and Globalization

    Wed, 06 Jun 2007 00:00:00 GMT

    Trade and Globalization
    In testimony before the Senate Finance Committee, Lael Brainard discussed trade and globalization. She argued that trade adjustment assistance is the core program for addressing dislocation associated with globalization.

  • What are the High-Probability Challenges to Continued High Growth in China?

    Tue, 22 May 2007 00:00:00 GMT

    Wing Thye Woo says “if the Chinese economy is depicted as a speeding car, then are three classes of failures that could result in a car crash: (1) hardware failure, (2) software failure, and (3) power supply failure.”

  • U.S.: A Losing Superpower?

    Sat, 28 Apr 2007 00:00:00 GMT

    Opinion by Leonardo Martinez-Diaz The Press-Enterprise (04/28/07)

  • An Impossible Trinity?: Resources, Space, and People

    Sun, 01 Apr 2007 00:00:00 GMT

    Article by Clifford Gaddy (4/14/07)

  • Navigating China's Rise: Develop a Sustained, High-Level Trade Strategy

    Wed, 28 Feb 2007 00:00:00 GMT

    Navigating China's Rise: Develop a Sustained, High-Level Trade Strategy
    China’s growth in economic and military power has presented both challenges and opportunities to U.S.-China relations and to the global economy. In an Opportunity 08 paper, Lael Brainard and Wing Thye Woo examine five elements to a successful approach to trade with China.

  • Top Ten Global Economic Challenges: An Assessment of Global Risks and Priorities

    Thu, 01 Feb 2007 00:00:00 GMT

    Top Ten Global Economic Challenges Report by Global Economy and Development (February 2007)

  • Accounting for Growth: Comparing China and India

    Wed, 17 Jan 2007 00:00:00 GMT

    The emergence of China and India as major forces in the global economy is one of the most significant economic developments of the past quarter century. Their continued growth is likely to dominate the course of the world economy for the next several decades. Up to now, only a small fraction of the world's population has enjoyed the fruits of economic well-being, with high-income industrial countries accounting for less than a fifth of the world's population. However, China and India together comprise over a third of the world's population; and since 1980, they have achieved remarkable rates of economic growth and poverty reduction.

  • Will We Strangle Gas Pipelines?

    Thu, 04 Jan 2007 00:00:00 GMT

    Urjit Patel describes Indian regulation of natural gas markets in Business Standard

  • The Russian Economy in the Year 2006

    Mon, 01 Jan 2007 00:00:00 GMT

    Clifford Gaddy article from Post-Soviet Affairs number 1, 2007

  • As Russia Looks East: Can It Manage Resources, Space and People?

    Mon, 01 Jan 2007 00:00:00 GMT

    Clifford Gaddy article from Gaiko Forum, January 2007

  • Towards a Rational Market for Natural Gas

    Sat, 16 Dec 2006 00:00:00 GMT

    Urjit Patel discusses demand for natural gas in India as demand increases in an Opinion from Business Standard

  • A Harmonious Socialist Society or Bust: China's Quest for Sustainable Development

    Fri, 01 Dec 2006 00:00:00 GMT

    The 6th Plenum of the 16th Central Committee of the Communist Party of China (CPC) concluded on October 11, 2006 with the passage of a resolution to establish a harmonious society by 2020. The obvious implication from this commitment is that the present major social, economic and political trends within China might not lead to a harmonious society or, at least, not lead to a harmonious society fast enough.

  • Siberians Struggling in Post-Soviet Era

    Thu, 28 Sep 2006 00:00:00 GMT

    An interview by Clifford Gaddy on NPR (9/28/2006)

  • Sources of Growth in the Indian Economy

    Sat, 15 Jul 2006 00:00:00 GMT

    Source of Growth in the Indian Economy

  • The India Policy Forum 2005-06 : Volume 2

    Mon, 01 May 2006 00:00:00 GMT


    Economics, Global#Global poverty and development economics#Other

  • Kremlin Keeps Tight Hold on Natural Gas Profits

    Tue, 10 Jan 2006 00:00:00 GMT

    Interview with Clifford G. Gaddy, NPR (1/10/06)

  • The Structural Nature of Internal and External Imbalances in China

    Thu, 29 Dec 2005 00:00:00 GMT

    A paper by Wing Thye Woo

  • Resource Rents and the Russian Economy

    Tue, 01 Nov 2005 00:00:00 GMT

    Article by Clifford G. Gaddy and Barry W. Ickes, Eurasion Geography and Economics (November 2005)

  • The Virtual Economy Revisited: Resource Rents and the Russian Economy

    Thu, 20 Oct 2005 00:00:00 GMT

    Speech by Clifford G. Gaddy and Barry W. Ickes, Renaissance Capital Speech (October 20, 2005)

    Our 1998 article entitled "Russia's Virtual Economy" described the economic system of the 1990s. At the heart of the virtual economy thesis were two basic questions: (1) Where is value in the Russian economy created? and (2) How is that value distributed?

  • Demythologizing the Russian Flat Tax

    Mon, 14 Mar 2005 00:00:00 GMT

    Article by Clifford G. Gaddy and William G. Gale, Tax Notes International (3/14/05)

  • The India Policy Forum 2004 : Volume 1

    Sat, 01 Jan 2005 00:00:00 GMT


    The India Policy Forum (IPF) is a new annual publication dedicated to research on the contemporary Indian economy. This inaugural issue contains highlights from a conference held in New Delhi in March 2004.

  • Perspectives on the Potential of Russian Oil

    Thu, 01 Jul 2004 00:00:00 GMT

    Article by Clifford G. Gaddy, Eurasian Geography and Economics (July 2004)

  • Does Economic Crisis Reduce Support for Markets and Democracy in Latin America? Lessons from Surveys of Public Opinion and Well Being

    Sat, 01 May 2004 00:00:00 GMT

    Article by Carol Graham and Sandip Sukhtankar, Journal of Latin American Studies (2/10/04)

  • Well Being and Unemployment in Russia in the 1990's: Can Society's Suffering Be Individuals' Solace?

    Thu, 01 Apr 2004 00:00:00 GMT

    CSED Working Paper No. 35

  • Doubling GDP and the Illusion of Growth

    Wed, 12 Nov 2003 00:00:00 GMT

    Opinion by Clifford Gaddy and Fiona Hill, The Moscow Times (11/12/03)

  • The Siberian Curse: Does Russia's Geography Doom its Chances for Market Reform?

    Mon, 01 Sep 2003 00:00:00 GMT

    In particular, a huge portion of modern Russia?cities, factories, and people?is lost in the distance and cold of Siberia. Until Russia?s leaders come to terms with Siberia?s misdevelopment?and overdevelopment?during the 20th century, their efforts to

  • Is Putin Running Out of Steam?

    Thu, 29 May 2003 00:00:00 GMT

    Opinion by Clifford G. Gaddy, The Brookings Institution (5/29/03)

  • Is Economic Crisis Reducing Support for Markets and Democracy in Latin America? Some Evidence from the Economics of Happiness

    Fri, 01 Nov 2002 00:00:00 GMT

    CSED Working Paper No. 30: ""Is Economic Crisis Reducing Support for Markets and Democracy in Latin America?