The ties binding the Arab Gulf states into the global economy are both deep-rooted and long predate the discovery and extraction of oil in the 20th century. In this research paper, Kristian Coates Ulrichsen, fellow for the Middle East, assesses the multifaceted reasons behind the Gulf states’ uneven record of integration into the world economy.
As Congress resumes work this spring on a bill granting Trade Promotion Authority to President Obama for completion of the Trans-Pacific Partnership trade pact, many members have sought inclusion of a chapter on currency manipulation. Currency manipulation is a legitimate concern. However, countermeasures require clear, objective identification of currency manipulation. Both the IMF and the U.S. Treasury Department have mandates to identify currency manipulation, yet neither has done so in the past 20 years. If it can be done, why has it not happened more often?
In this issue brief, Russell Green, Will Clayton Fellow in International Economics, reviews the difficulties of operationalizing a currency manipulation chapter and argues that the difficulty of identifying currency manipulation suggests serious political obstacles to implementation.
In a two-part blog, Russell Green, Will Clayton Fellow in International Economics, examines whether a slowdown of China's powerhouse economy will impact the country's global agenda.
Brazilian President Dilma Rousseff is starting her second term in office facing economic and political problems that feed into each other. These problems can be attributed to a large extent to mistakes her administration made during her first term. Rousseff’s macroeconomic policy proved to be inconsistent, and the choices she made in some key economic sectors, especially energy, were demonstrably disastrous. Rousseff now faces
the enormous challenge of reconciling the leftwing populism that led her to victory with the inescapable need
to regain the trust of the most dynamic sectors of Brazilian society, including the private sector.
This study examines the effects of lifting the 40-year-old U.S. crude export ban on crude pricing, energy security and energy sector investment. It includes a statistical analysis that explains what the relationship would be between the prices of crudes of different qualities in an unconstrained setting, which, according to author Ken Medlock, is important to providing a more accurate assessment of the impact of current U.S. policy.
The mysterious death of a special prosecutor who accused Argentina’s president of “an alliance with terrorists” has shaken the nation. If the prosecutor’s allegations prove to be true, the scandal will test whether democracy in Argentina means that all citizens — including the president — are accountable under the law.
We explain a great change in the distribution of income by increased automation, which has directly replaced human labor in tasks that can be reduced to algorithms.
