Economics & Global Affairs

460 Items

Analysis & Opinions - Project on Europe and the Transatlantic Relationship

Ambassador Romana Vlahutin: The EU's Connectivity Strategy

| May 10, 2019

As part of the Project on Europe and the Transatlantic Relationship’s (PETR) event series, Ambassador Romana Vlahutin, Ambassador at Large for Connectivity in the European External Action Service, addressed the EU’s new Connectivity Strategy in conversation with Philippe Le Corre, PETR affiliate and senior fellow with Harvard Kennedy School's Mossavar-Rahmani Center on Business and Government at the Harvard Kennedy School.

Saudi Arabia’s Moment in the Sun

AP/Donna Fenn Heintzen

Analysis & Opinions - Carnegie Endowment for International Peace

Saudi Arabia’s Moment in the Sun

| May 07, 2019

As part of a high profile tour of China in February, Saudi Arabia’s Crown Prince Mohammed Bin Salman (MBS) has overseen a range of multi-billion dollar pledges and MOUs with Beijing. This partly reflects Riyadh’s desire to diversify sources for investments and technology following the mass withdrawal of major Western business leaders from the Future Investment Initiative in October 2018, after the murder of Saudi Journalist Jamal Khashoggi in the Saudi Embassy in Istanbul. Yet cooperation with China on renewable energy, if successful, would realize a significant first step towards Saudi Arabia’s lofty ambitions for solar and wind power.

The European Central Bank by the river Main in Frankfurt, Germany.

AP Photo/Michael Probst

Analysis & Opinions - Belfer Center for Science and International Affairs, Harvard Kennedy School

Too Big to Evade: The Costs of Europe Sticking with Iran

| Feb. 20, 2019

In spite of initial hopefulness, the Europeans will eventually face a reckoning with the facts: Washington’s financial leverage over Brussels has, arguably, never been greater since the establishment of the euro in 1999. The power of the U.S. Dollar and weaponization of the U.S. financial system cannot be challenged successfully by Europe at this moment.

 

Blog Post - Views on the Economy and the World

The Lesson from George H.W. Bush’s Tax Reversal

| Dec. 13, 2018

When President George H.W. Bush was laid to rest earlier this month, the remembrances appropriately remarked on his general decency and competence.  In public commentary, the encomiums tend to be followed by a “but.”  For journalists and historians, it is “but he was only a one-term president.”  He lost the election of 1992, in part because of the recession of 1990-91.  For members of his own political party, the “but” is, “but he broke with the legacy of Ronald Reagan and with his own ‘no new taxes’ pledge.”  They have always blamed his failure to win re-election on that perceived betrayal.

But President Bush’s mistake was making the anti-tax pledge in 1988 in the first place and sticking to it in the first part of his presidency. The 1990 reversal on fiscal policy set the stage for a decade of economic growth that eventually achieved budget surpluses.

Russia's Energy Foray into Asia: Implications for U.S. Interests

kees torn/Flickr

Paper - National Bureau of Asian Research

Russia's Energy Foray into Asia: Implications for U.S. Interests

This essay examines Russia’s growing role in Asia’s energy markets, assesses the implications for the U.S., and examines the claim that closer Sino-Russian energy ties are adding new incentives for a broader strategic alignment.

Blog Post - Views on the Economy and the World

Gopinath follows Obstfeld at the IMF, in a great tradition

| Dec. 10, 2018

Maury Obstfeld this month completes his exemplary term as Chief Economist at the International Monetary Fund. His departing economic outlook foresees slowing growth in the world economy in 2019 and 2020.

Gita Gopinath, my Harvard colleague, will take up the position in the new year.  (Technically the title is Economic Counsellor and Director of the Research Department.)