Economics & Global Affairs

927 Items

Tehran Bazaar

Wikicommons

Analysis & Opinions - Brookings Institution

Iran’s economic reforms in retreat

| Dec. 04, 2018

If the intended aim of the new round of U.S. sanctions were to change Iran’s behavior, it already has. Just not the behavior the Trump team had in mind—Iran abandoning its pursuit of pro-market economic reforms. President Hassan Rouhani, who was elected twice, in 2013 and 2017, on a platform of liberal economic reforms, has piece by piece put aside his reform agenda. Because of the economic havoc wreaked by the re-imposition of U.S. sanctions, he finds himself in the odd position of overseeing price controls, punishing commodity hoarders, subsidizing imports of a variety of goods, including mobile phones, and has lost the most liberal members of his economic team

President Donald Trump with China's President Xi Jinping during their bilateral meeting at the G20 Summit in Buenos Aires, Argentina on December 1, 2018.

AP Photo/Pablo Martinez Monsivais

Analysis & Opinions - Financial Times

Washington May Bluster But Cannot Stifle the Chinese Economy

| Dec. 03, 2018

Presidents Xi Jinping and Donald Trump reached an agreement at the G20 meeting in Argentina at the weekend on a framework for trade dialogue that will delay the previously announced imposition of new American tariffs on January 1. While surely better than the alternative, this step does not address any of the fundamental tensions in the economic relationship between US and China.

This photo shows the Federal Reserve Building on Constitution Avenue in Washington in March 2009. 

AP Photo/J. Scott Applewhite

Analysis & Opinions - The Wall Street Journal

The Case for Pausing the Interest-Rate Climb

| Nov. 27, 2018

The Federal Reserve has done an outstanding job fulfilling its dual mandate of maximum employment and price stability. To keep the economy in this happy Goldilocks position, the Fed should hold off on raising rates at its December meeting and consider incoming data before deciding when—or even whether—to resume tightening.

Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington in September 2018.

AP Photo/Susan Walsh

Analysis & Opinions - The Wall Street Journal

Raise Rates Today to Fight a Recession Tomorrow

| Nov. 26, 2018

Some observers worry that higher short-term rates will push the economy into recession and wonder why the Fed is continuing to raise rates despite already having achieved its explicit monetary-policy goals. Yet that view overlooks the role that higher interest rates today must play in enabling the recovery from an inevitable future downturn. It is in the interest of the next recovery, I believe, that the Fed will continue its steady rate increases.

President Donald Trump Visits the American Cemetery of Suresnes, Outside Paris

NBC News

Analysis & Opinions - Los Angeles Times

Trump, Stung by Midterms and Nervous About Mueller, Retreats From Traditional Presidential Duties

| Nov. 13, 2018

For weeks this fall, an ebullient President Trump traveled relentlessly to hold raise-the-rafters campaign rallies — sometimes three a day — in states where his presence was likely to help Republicans on the ballot.

But his mood apparently has changed as he has taken measure of the electoral backlash that voters delivered Nov. 6. With the certainty that the incoming Democratic House majority will go after his tax returns and investigate his actions, and the likelihood of additional indictments by special counsel Robert S. Mueller III, Trump has retreated into a cocoon of bitterness and resentment, according to multiple administration sources.

Former Prime Minister of Senegal Aminata Touré and Ambassador Nicholas Burns

Harvard Kennedy School

Analysis & Opinions

Africa Doesn't Fully Take Advantage of its Resources Because of its Leaders

| Oct. 30, 2018

On her visit to the Harvard Kennedy School, Aminata Touré spoke with Faculty Chair of the Future of Diplomacy Project, Nicholas Burns. Their conversation was published on Harvard's website - in which the former Prime Minister stated that Africa is not getting enough from its resources due to its leaders