FEATURED IN THE CURRENT ISSUE
The gravest threat to American global leadership is neither Russia nor China but continued interest group-driven Congressional abandonment of the kind of balanced strategy that won the Cold War.
The world’s post-war economic and financial institutions—
including the International Monetary Fund and the World
Bank, the Bank for International Settlements, and the regional
development banks—seem to be suffering a crisis of credibility.
Is this claimed loss of credibility exaggerated? If not, is
the damage reparable? How can the statecraft be reinvented?
Nearly twenty international policy strategists offer their views, including Anders Åslund, Jörg Asmussen, Martin Neil Baily, William E. Brock, Bernard Connolly, Richard N. Cooper, Marek Dabrowski, Richard D. Erb, Thomas Ferguson, Jeffrey E. Garten, Richard Jerram, Richard C. Koo, Chong-Pin Lin, Edward N. Luttwak, Ewald Nowotny, Alex J. Pollock, Miroslav Singer, and Marina v N. Whitman.
Back to the Drawing Board
In retrospect, implementing the G-20’s IMF reform package would have been a mistake.
The international economic organizations established after World War II have destroyed their credibility.
Understanding Economic Statecraft
Two new analytical studies offer important insights.
The Fed and Its Critics
Both ends of the political spectrum take aim.
The Myth of Currency Manipulation
The Bergsten/Schumer/Portman theory is wrong.
How Hong Kong is losing its edge.
And why parallel avenues for diplomatic engagement are vital.
Off the News
Ugly European Facts, ugly China facts, ugly world facts, and Norman Bailey on debt relief negotiations.
Is China’s New AIIB a Clever Ploy?