The magazine of international economic policy.

From the Winter 2010 issue

Can China Become the World's Engine for Growth?

Is China large and powerful enough? Are its impressive growth prospects sustainable? Or is today’s financial market enthusiasm towards China and its global role the latest form of irrational exuberance?

A symposium of views

A Reply to Krugman

In a recent New York Times column, Nobel Prize-winning columnist Paul Krugman accused China of mercantilism. Stanford Professor Ron McKinnon offers a spirited rebuttal.

Is China Killing the WTO?

Chinese officials are ignoring both international and local law for companies that produce for export.

By Susan Ariel Aaronson

Skirting Depression

A blow-by-blow account of the financial crisis—as it could have been. Would letting Lehman, AIG, and Citi all fail have produced a 13 percent U.S. unemployment rate?

By John M. Berry

Jail the Bankers

The great mystery of why more U.S. bankers aren’t being prosecuted.

By David D. Hale

Get Out While You Can

Why the U.S. dollar is doomed.

By Jørgen Ørstrøm Møller

Today’s Astonishing Risk

Thoughts on the meaning of the phrase, “real dollar purchasing power.”

By Roland G. Caldwell

America’s False Sense of Security

Its once-great advantages are shifting abroad.

By Klaus F. Zimmermann

Germany’s Fight Over BaFin

The ramifications of a Bundesbank takeover.

By Klaus C. Engelen

A Greek Tragedy

New questions about the longer-run viability of the Eurozone.

By Desmond Lachman

Cotton, the Oil of the Nineteenth Century

Important lessons of history.

By Gene Dattel

Don’t Kill the Oil Speculators

Because if that happens, energy prices will skyrocket. How commodity transactions promote price stability.

By Philip K. Verleger, Jr.

How Washington Blinked

America’s economic future remains uncertain in part because of a lack of courage by policymakers in dealing with banks.

By David M. Smick