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Sunday July 5, 2009

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Global Economics

UPCOMING EVENT

Save to My PortfolioBrazil in the Global Crisis: Still a Rising Economic Superpower?

Monday, July 13, 2009
2:00 PM to 3:30 PM
Washington, DC

Brazil in the Global Crisis: Still a Rising Economic Superpower?On July 13, the Latin America Initiative at Brookings will host 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. Read More

Brazil, Global Economics, Latin America, Global Financial Crisis, BRICs

RESEARCH AND COMMENTARY

Save to My PortfolioG8 Africa Action Plan: Enhance Strategies for Development

Mwangi S. Kimenyi, July 01, 2009, The Brookings Institution

G8 Africa Action Plan: Enhance Strategies for DevelopmentAfrican development has been a top agenda item at previous G8 Summits, including the creation of the Africa Action Plan and increased financial commitments to support economic growth. Although the continent has seen some progress, Mwangi Kimenyi argues that more should be done and provides specific strategies for more effective development. Read More

G8 Summit, Africa, Developing Countries, Development, Economic Development

RESEARCH AND COMMENTARY

Save to My PortfolioGovernance Matters 2009: Learning From Over a Decade of the Worldwide Governance Indicators

Daniel Kaufmann, Aart Kraay and Massimo Mastruzzi, June 29, 2009, The Brookings Institution

Governance Matters 2009: Learning From Over a Decade of the Worldwide Governance IndicatorsPolicy analysts, civil society groups and aid donors agree that good governance is critical for sustainable economic development. Yet, improving governance and fighting corruption is not always a priority, highlighting serious challenges in global economics. Daniel Kaufmann, Aart Kraay and Massimo Mastruzzi, authors of Governance Matters VIII and the updated Worldwide Governance Indicators, analyze evidence from 212 countries that shows good governance has a strong, positive impact on development. Read More

Global Governance, Global Economics, Governance, Sustainable Development, Developing Countries

RESEARCH AND COMMENTARY

Save to My PortfolioGovernance Matters VIII: Aggregate and Individual Governance Indicators, 1996-2008

Daniel Kaufmann, Aart Kraay and Massimo Mastruzzi, June 2009, The World Bank

Daniel Kaufmann, Aart Kraay and Massimo Mastruzzi release Governance Matters VIII: Governance Indicators for 1996-2008. By updating the Worldwide Governance Indicators, the authors measure institutional quality, governance and the investment climate across 212 countries worldwide to show that good governance has a strong, positive impact on development. Read More

Global Governance, Global Economics, Governance, Sustainable Development, Developing Countries

RESEARCH AND COMMENTARY

Save to My PortfolioAn Education Stimulus for the Developing World

David Gartner, June 23, 2009, The Brookings Institution

An Education Stimulus for the Developing WorldIn this economic crisis many low-income countries are forced to cut back on vital investments in education. David Gartner urges that new guidance by Congress to the IMF could make a real difference in giving low-income countries the ability to invest in their own children. Read More

International Education, Education, Developing Countries, Development, International Monetary Fund

PAST EVENT

Save to My PortfolioLatin America and the Economic Crisis: An Address by Chilean President Michelle Bachelet

Tuesday, June 23, 2009
10:00 AM to 11:50 AM
Washington, DC

Latin America and the Economic Crisis: An Address by Chilean President Michelle BacheletOn June 23, the Brookings Institution hosted Her Excellency Michelle Bachelet, president of the Republic of Chile, for a discussion of the Latin American countries and the economic measures they are taking to cope with the global financial crisis. Read More

Latin America, Global Financial Crisis, Monetary Policy, Fiscal Policy, Global Finance

RESEARCH AND COMMENTARY

Save to My PortfolioFinancial Markets and Emerging Economies - The Decoupling Debate Is Back!

Eswar Prasad and M. Ayhan Kose, June 2009, Foreign Policy Magazine

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. Read More

Emerging Markets, Financial Markets, Global Financial Crisis, Global Economics, BRICs

RESEARCH AND COMMENTARY

Save to My PortfolioNew Global Trade Structures and the New Role of the U.S. Economy

Naoki Abe, June 08, 2009, The Brookings Institution

The response to the economic crisis by President Obama and American consumers indicate that global trade structures may be permanently altered. CNAPS Guest Scholar Naoki Abe explains that the government’s massive intervention in the economy will not be permanent, but that it must set the stage for the U.S. and other advanced economies to increase exports. Read More

Global Financial Crisis, Global Economics, Trade, Japan, Developing Countries

PAST EVENT

Save to My PortfolioThe Economic Impact of Climate Change Reduction Strategies

Monday, June 08, 2009
10:30 AM to 12:00 PM
Washington, DC

The Economic Impact of Climate Change Reduction StrategiesOn June 8, the Brookings Institution hosted a preview of a forthcoming report on the economic impact of climate change reduction strategies by Brookings experts Warwick McKibbin, Adele Morris and Peter Wilcoxen. Read More

Climate Change, Climate and Energy Economics, Environment, Environmental Regulation, Global Economics

RESEARCH AND COMMENTARY

Save to My PortfolioMiddle East's Dual Challenge: Youth and the Economy

Navtej Dhillon, June 04, 2009, Marketplace, American Public Media

Middle East's Dual Challenge: Youth and the EconomyPresident Obama presented his much anticipated speech in Cairo at a time when the Middle East faces the dual challenge of a peaking youth population and a slumping economy. On NPR’s Marketplace, Navtej Dhillon describes how the region can address chronic youth unemployment through a larger reform agenda, including social sector investment and open dialogue between the state and its citizens. Read More

Middle East, Islamic World, Development, Egypt, Global Financial Crisis

RESEARCH AND COMMENTARY

Save to My PortfolioQ&A: Geithner's First Trip to China

Eswar Prasad, May 28, 2009, The Brookings Institution

Q&A: Geithner's First Trip to ChinaU.S. Treasury Secretary Timothy Geithner's first trip to China will feature a range of discussions about global economic issues and the U.S.-China economic relationship. Eswar Prasad outlines some of the critical agenda items and the broader challenges facing these two closely intertwined economies. Read More

China, China's Economy, U.S. Economy, Global Economics, Global Financial Crisis

PAST EVENT

Save to My PortfolioWill China Lead the Global Economic Recovery?

Thursday, May 28, 2009
2:00 PM to 4:00 PM
Washington, DC

Will China Lead the Global Economic Recovery?On May 28, the Global Economy and Development program and the John L. Thornton China Center hosted a panel discussion on China's stimulus package and its implications for China and the world. Carlos Pascual gave introductory remarks, and Richard Bush moderated a panel of Brookings experts including Xiago Geng, Eswar Prasad, Cheng Li and Dennis Wilder. Read More

China, Global Financial Crisis, U.S. Economy, Global Economics

RESEARCH AND COMMENTARY

Save to My PortfolioWill the Singh Government Transform India Into a Modern Economy?

Arvind Panagariya, May 26, 2009, The Wall Street Journal

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. Read More

India's Economy, India, Politics, Economic Development, Development

RESEARCH AND COMMENTARY

Save to My PortfolioTracking the Global Financial Crisis: An Analysis of the IMF's World Economic Outlook

Laurence Chandy, Geoffrey Gertz and Johannes F. Linn, May 2009, The Brookings Institution

Tracking the Global Financial Crisis: An Analysis of the IMF's World Economic OutlookThe IMF's flagship publication, the World Economic Outlook (WEO), marks the most extensive effort to measure the health of the global economy since the outbreak of the financial crisis. Analyzing the WEO's projections, the Wolfensohn Center's Laurence Chandy, Geoffrey Gertz and Johannes Linn examine the countries and regions hit worst by the downturn and assess the lasting impact on the global economy. Read More

Economic Development, Global Financial Crisis, Global Economics, Developing Countries, Development

PAST EVENT

Save to My PortfolioThe IMF’s Outlook for Latin America and the Caribbean

Thursday, May 21, 2009
2:00 PM to 3:30 PM
Washington, DC

Spillovers from a global crisis that began in advanced economies pose a severe test to Latin America and the Caribbean region. On May 21, the Latin America Initiative at Brookings hosted Nicolás Eyzaguirre, director of the IMF’s Western Hemisphere Department, and Steve Phillips, also of the IMF, as they presented this year’s Regional Economic Outlook: Western Hemisphere report. Read More

Latin America, Global Financial Crisis, Global Economics, Economic Development, International Monetary Fund

Featured Experts

Eswar Prasad

Eswar Prasad

Senior Fellow, Global Economy and Development
New Century Chair in International Economics

Eswar Prasad holds the New Century Chair in International Economics. He is the Tolani Senior Professor of Trade Policy at Cornell University and a Research Associate at the National Bureau of Economic Research. He was previously head of the Financial Studies Division and the China Division at the IMF.
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

TopicEducation

The economic and political well-being of any democracy requires a well-educated citizenry. Brookings’s work has extended beyond the K-12 bookends to include pre-school interventions and issues in higher education. Experts are tackling fundamental issues on the role of education in the national and global economy.

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.

ExpertRobert Puentes

Robert Puentes focuses on the broad array of policies and issues related to metropolitan growth and development. He is an expert on transportation and infrastructure, urban planning, growth management, suburban issues and housing.

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.

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.

ProgramMetropolitan Policy Program

Redefining the challenges facing metropolitan America and promoting innovative solutions to help communities grow in more inclusive, competitive and sustainable ways.

ExpertMartin Neil Baily

Martin Baily, a former chairman of the Council of Economic Advisers, focuses on issues of globalization, productivity and competitiveness, Social Security reform and U.S. economic policy.

Research ProjectBudgeting for National Priorities

The Budgeting for National Priorities project promotes greater fiscal responsibility by developing new ideas, educating the public and finding common ground among experts and policy-makers.

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.

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.

Research Project21st Century Defense Initiative

The 21st Century Defense Initiative produces cutting-edge research, analysis, and outreach that address some of the most critical issues facing leaders shaping defense policy in the coming century. The initiative focuses on three core issues: the future of war, the future of U.S. defense needs and priorities, and the future of the U.S. defense system

Policy CenterJohn L. Thornton China Center

The John L. Thornton China Center develops analysis and policy recommendations to help address key long-term challenges, both in terms of U.S.-China relations and China's internal development.

Policy CenterCenter on the United States and Europe

The Center on the U.S. and Europe is dedicated to the study of Europe and U.S.-Europe relations. It involves American and European experts in an active program of research, analysis, and debate.

ExpertEswar Prasad

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

ExpertVanda Felbab-Brown

Vanda Felbab-Brown focuses on the national security implications of illicit economies and strategies for managing them. She is a security studies professor at Georgetown University’s School of Foreign Service.

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.