FEATURED IN THE CURRENT ISSUE
The Asian Century: Reality or Hype?
Conventional wisdom has argued that the twenty-first century will be dominated by Asia while America’s global importance declines. Is this journalistic hype, or are we living in the second decade of the Asian Century?
Thirty-five experts offer their predictions, including including Zbigniew Brzezinski, Kent E. Calder, Bernard Connolly, Richard N. Cooper, Jacques de Larosière, Andrew DeWit, James E. Glassman, Carla A. Hills, Gary Clyde Hufbauer, Richard Katz, Chong-Pin Lin, Edward N. Luttwak, Joseph S. Nye, William H. Overholt, Yonghao Pu, William R. Rhodes, Daniel H. Rosen, James R. Schlesinger, Andrew Z. Szamosszegi, Makoto Utsumi, Charles Wolf, Martin Wolf, Friedrich Wu, Gene H. Chang, Paul J. Alapat, Richard Jerram, Dan Sneider, Jeffrey J. Schott, Diana Choyleva, Mark A. DeWeaver, Kishore Mahbubani, John Lee, Shang-Jin Wei, Charles E. Morrison, and Ramin Toloui.
ALSO in the Summer 2013 issue:
What Ponzi Scheme?
The risks of China's shadow banking system are manageable.
Can he keep it? How will he use it?
Why Japan Can’t Reform
Only a drastic crisis can transform rhetoric into action.
Asia’s Coming Shift
It is time for some new priorities.
The Fed’s Communications Struggle
Forward guidance versus asset purchases in shaping market opinion.
The Dangers of Debt: A Layman’s Guide
An excerpt from the noted new book, Balance: The Economics of Great Powers from Ancient Rome to Modern America, by Glenn Hubbard and Tim Kane.
Iconoclast economist Paul Craig Roberts has offered his rethink on today’s economic challenges in a new book entitled The Failure of Laissez Faire Capitalism. TIE asked two distinguished economic thinkers, Dan Ikenson and Michael Hudson, to respond to Roberts’ analysis.
I. Germany Is a Stealth Currency Manipulator
It improves its competitive position and export performance at the expense of its eurozone partners.
II. Germany Is Not Manipulating the Euro
The charge amounts to “old wine in new bottles.”
A Question of Money
And who pays to rescue Europe’s over-indebted banks.
Merkel’s Deceptive “Don’t Wake the Voters” Election Strategy
And the mystery is why her opponent, Peer Steinbrück, is also hiding the bad news.
A Political Union Skeptic
One of European monetary union’s premier architects argues that centralization per se will not lead to prosperity.
Free Trade Revolution
Beware: Today’s “constitutional convention” will shape the global trade landscape for years to come.
Off the News
Is the situation in Europe worse than Japan’s Lost Decade?, American oil production, ugly Chinese facts, and ugly American facts.
The Yellen/Summers Brawl. We may have avoided a depression. But so far most growth rates are moving in the wrong direction. Why would any sane person want this job?