Research Library

Governments of the Caribbean Community and Common Market (CARICOM) have called for a discussion on the decriminalization of marijuana after a pilot study found that legalized medical marijuana sales could boost the region’s ailing economies. As a result, the topic was an important agenda item at a CARICOM Inter-Sessional Heads of State Summit held in March 2014. Two aspects of decriminalization were discussed: decriminalization for medical use and decriminalization for recreational use.

Fellow Joe Barnes looks at the kerfuffle arising from former secretary of state Hillary Clinton’s critical — much-publicized — response to President Obama’s description of his foreign policy as “don’t do stupid stuff.”

Economic growth in recent years has not translated to improvements in the quality of life for most Peruvians. On the contrary, it has shed light on the inaccessibility of basic needs such as education, health care, employment, better remuneration, and implementation of projects that generate resources or jobs, as well as environmental concerns related to the extractive activities in the nation. In addition to these concerns, the high rate of corruption and urban insecurity generates a perception of uncertainty that if not properly addressed could exacerbate crisis situations in different regions of the country.

A Malaysian airliner with 298 people on board crashed in Ukraine on a flight from Amsterdam to Kuala Lumpur, amid allegations it was shot down. Baker Institute fellow Joe Barnes examines the possible diplomatic ramifications of the tragedy in the Baker Institute Blog.

Speaking from the historic steps of Old North on the Georgetown University campus on June 25, 2013, President Obama unveiled a detailed plan to address the causes and impacts of climate change. In his words, the president promised, “I’m directing the Environmental Protection Agency to put an end to the limitless dumping of carbon pollution from our power plants, and complete new pollution standards for both new and existing power plants.” Not quite a year later on June 6, 2014, Gina McCarthy, administrator of the Environmental Protection Agency, responded by proposing “state-specific rate-based goals for carbon dioxide emissions from the power sector, as well as guidelines for states to follow in developing plans to achieve the state-specific goals.”

Narendra Modi was sworn in as India’s new prime minister on Monday, a little over a week after a landslide victory at the polls. The resounding win gives Modi much greater freedom to implement his agenda than any Indian leader in recent years, says international economics fellow Russell Green. What will Modi’s India look like, and how will it affect the U.S.? Green, who spent four years in India as the U.S. Treasury Department’s first financial attaché to that country, explains.

José Woldenberg, who served as the first president of Mexico's Federal Electoral Institute, traced the country's transition to democracy at an April 2014 lecture hosted by the Baker Institute Mexico Center. The center's Lisa Guaqueta and Kristin Foringer explain why Mexico's experience is distinct from similar processes elsewhere in the world.

European finance ministers have agreed to the final pieces that will create a banking union and a fund that can be used to rescue failing EU member banks — a big step forward for European financial stability. International economics fellow Russell Green explains in the Baker Institute Blog.

The past few months have seen extraordinary progress in financial sector reforms in India. Why now, near the end of the current government’s term?