Economics & Global Affairs

26 Items

Dutch lawmaker Geert Wilders talks to reporters as he arrives at at Quicken Loans Arena before the start of the second day session of the Republican National Convention in Cleveland, Tuesday, July 19, 2016.

(AP Photo/Carolyn Kaster)

Analysis & Opinions - Project Syndicate

Putting the Populist Revolt in Its Place

| October 6, 2016

In many Western democracies, this is a year of revolt against elites. The success of the Brexit campaign in Britain, Donald Trump’s unexpected capture of the Republican Party in the United States, and populist parties’ success in Germany and elsewhere strike many as heralding the end of an era. As Financial Times columnist Philip Stephens put it, “the present global order – the liberal rules-based system established in 1945 and expanded after the end of the Cold War – is under unprecedented strain. Globalization is in retreat.”

In fact, it may be premature to draw such broad conclusions.

Some economists attribute the current surge of populism to the “hyper-globalization” of the 1990s, with liberalization of international financial flows and the creation of the World Trade Organization – and particularly China’s WTO accession in 2001 – receiving the most attention. According to one study, Chinese imports eliminated nearly one million US manufacturing jobs from 1999 to 2011; including suppliers and related industries brings the losses to 2.4 million.

Jens Stoltenberg speaks to students at the Harvard Kennedy School.

Bennett Craig

Speech

The Three Ages of NATO: An Evolving Alliance

| Sep. 23, 2016

Jens Stoltenberg,NATO Secretary General, discussed the future of the NATO alliance during this speech, given at the Harvard Kennedy School on September 23, 2016. He described the alliance as a responsive organization, capable of adapting to changes in the international security landscape but committed to the continuity of its founding values. In particular, he emphasized the necessity of maintaining a policy of absolute solidarity among member states, especially  in light of the exacerbating civil war in Syria and Russia’s aggressive stance toward countries to the East of NATO member state borders.

News

Harvard Kennedy School Welcomes Robert Springborg as the Fall 2016 Kuwait Foundation Visiting Scholar

| September 14, 2016

Robert Springborg, a preeminent senior scholar of the Middle East has joined the Harvard Kennedy School (HKS) community this semester as Kuwait Foundation Visiting Scholar at the Middle East Initiative at the Belfer Center for Science and International Affairs.

Blog Post - Views on the Economy and the World

Addressing Commodity Price Volatility in Algeria & Morocco

| June 11, 2016
I recently visited Algeria and Morocco.  Like so many other developing countries, they are dealing with the sharp decline in global commodity prices that has taken place over the last few years.  In meetings in Algiers and Casablanca, I offered four concrete ideas for policies to help commodity-exporting countries deal with global price volatility.  The four proposals, very briefly, are: (1) hedging with options (as Mexico does), (2) commodity bonds, (3) countercyclical fiscal institutions (like Chile’s), and (4) central bank targeting of a currency-plus-commodity basket.

Blog Post - Views on the Economy and the World

Fiscal Education for the G-7

| May 26, 2016
As the G-7 Leaders gather in Ise-Shima, Japan, on May 26-27, the still fragile global economy is on their minds.  They would like a road map to address stagnant growth. Their approach should be to talk less about currency wars and more about fiscal policy.Fiscal policy vs. monetary policyUnder the conditions that have prevailed in most major countries over the last ten years, we have reason to think that fiscal policy is a more powerful tool for affecting the level of economic activity, as compared to monetary policy.

Report

Rewriting the Arab Social Contract

| May 16, 2016

During the fall 2015 semester, former Minister Hedi Larbi convened eight distinguished experts, each with direct operational and academic experience in Arab countries and economies to participate in a study group titled Rewriting the Arab Social Contract: Toward Inclusive Development and Politics in the Arab World. Over the course of seven sessions during the semester, these experts contributed  to an integrated approach to the historical, social, political, and economic dimensions of the Arab uprisings, focusing in particular on the often overlooked economic and social issues at the root of the uprisings.

Analysis & Opinions

Inside the Middle East: "International Monetary Institutions and Reform in Tunisia" with Minister Hedi Larbi

| December 23, 2015

Excerpt from an October 16 installment of the “Inside the Middle East" Q&A Series, with Minister Hedi Larbi, Former Minister of Economic Infrastructure and Sustainable Development and Middle East Initiative Fall 2015 Kuwait Foundation Visiting Scholar, on the role of International Monetary Institutions such as the World Bank and IMF in encouraging and implementing economic reforms during the political transition in Tunisia.

Audio

Podcast: "Organized Chaos: How the Mediterranean Sea has Become the World's Most Lethal Migratory Route" with Philippe Fargues

April 17, 2015

An audio recording from Philippe Fargues, Director of the Migration Policy Centre, Robert Schuman Centre for Advanced Studies European University Institute (EUI).

On April 1, 2015 at MEI and the Center for European Studies Eastern Mediterranean and Europe Study Group, Dr. Philippe Fargues assessed the humanitarian crisis of often deadly boat crossings in the Mediterranean Sea by migrants coming from North Africa and the Levant to Europe.

Blog Post - Views on the Economy and the World

A Pre-Lima Scorecard for Evaluating Who is Doing their Fair Share in Pledged Carbon Cuts

| Nov. 19, 2014
Those worried about the future of the earth’s climate are hoping that this year’s climate change convention in Lima, Peru, December 2014, will yield progress toward specific national commitments, looking ahead to an international agreement at the make-or-break Paris meeting to take place in December 2015.The precedent of the Kyoto Protocol negotiated in 1997 is more discouraging than encouraging. It was an encouraging precedent in that countries were politically able to agree on legally binding quantitative limits to their emissions of Greenhouse Gases, to be achieved with the aid of international trading and other market mechanisms.