Articles

28 Items

Q&A: Lawrence Summers and Why It’s Too Early to Raise Rates

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Newspaper Article - The Wall Street Journal

Q&A: Lawrence Summers and Why It’s Too Early to Raise Rates

| Wednesday, September 16, 2015

Lawrence Summers, the Harvard University professor and former Obama administration economic adviser, hasn’t been shy of late urging the Federal Reserve to refrain from raising short-term interest rates at its policy meeting this week. In a series of opinion columns and blog posts, Mr. Summers has argued that the time isn’t ripe for a move and that markets aren’t prepared.

Anti-EULEX (European Union Rule of Law Initiative) Graffiti - Mitrovica (Serb Side) - Kosovo, October 26, 2013

Adam Jones, Ph.D. Photo

Journal Article - Nationalities Papers

Towards the Rule of Law in Kosovo: EULEX Should Go

| 2014

Following Kosovo's declaration of independence in February 2008, the European Union deployed a rule of law mission in Kosovo (EULEX). While EULEX and its supporters have argued that the mission has the potential to succeed, critics claim that the mission has failed to significantly improve Kosovo's rule of law institutions, to address the rule of law vacuum in the north of Kosovo, and to prosecute high-level organized crime and corruption.

Journal Article

U.S. Economic Prospects: Secular Stagnation, Hysteresis, and the Zero Lower Bound

| February, 2014

In his February 24, 2014  remarks to the National Association of Business Economics, Summers said, “I want to take up these issues -secular stagnation, the idea that the economy re-equilibrates; hysteresis, the shadow cast forward on economic activity by adverse cyclical developments; and the significance of the zero lower bound for the relative efficacy of monetary and fiscal policies.”

A man is reflected in the Bankia bank HQ in Madrid, May 9, 2012.  Spain's Prime Minister Mariano Rajoy dodged a question on whether the government planned to nationalize Bankia, Spain's 4th-largest bank and the most exposed to bad loans on real estate.

AP Photo

Magazine Article - CNN

The Pain in Spain That Threatens the Eurozone

    Author:
  • Tim Lister
| May 31, 2012

Pierpaolo Barbieri, Ernest May Fellow at the Harvard Kennedy School's Belfer Center, says that "big, international banks like Santander and BVA are well diversified. Of the others, quite a few need capital — but how much? That's the unknown and Bankia has undermined faith in financial reporting."

Gertrude Kitongo poses with her mobile phone in Johannesburg, South Africa. She cherishes a cell phone as a link to family and friends and also sees it as a radio, a library, a mini cinema, a bank teller, etc., Nov. 8, 2011.

AP Photo

Magazine Article - Finance & Development

Africa's New Engine

| December 2011

Cell phone use has grown faster in Africa than in any other region of the world since 2003....Of course, South Africa—the most developed nation—still has the highest penetration, but across Africa, countries have leapfrogged technology, bringing innovation and connectivity even to remote parts of the continent, opening up mobile banking and changing the way business is done.

(R-L) Soviet Commissar for Foreign Affairs Vyacheslav Molotov, General Secretary of the Communist Party Josef Stalin, & German Reich Foreign Minister Joachim von Ribbentrop signing the German-Soviet non-aggression pact in Moscow, Aug 23, 1939.

AP Photo

Journal Article - Quarterly Journal: International Security

Preventing Enemy Coalitions: How Wedge Strategies Shape Power Politics

| Spring 2011

States use wedge strategies to prevent hostile alliances from forming or to dis­perse those that have formed. These strategies can cause power alignments that are otherwise unlikely to occur, and thus have significant consequences for international politics. How do such strategies work and what conditions promote their success? The wedge strategies that are likely to have significant effects use selective accommodation—concessions, compensations, and other inducements—to detach and neutralize potential adversaries. These kinds of strategies play important roles in the statecraft of both defensive and offensive powers. Defenders use selective accommodation to balance against a primary threat by neutralizing lesser ones that might ally with it. Expansionists use se­lective accommodation to prevent or break up blocking coalitions, isolating opposing states by inducing potential balancers to buck-pass, bandwagon, or hide. Two cases—Great Britain’s defensive attempts to accommodate Italy in the late 1930s and Germany’s offensive efforts to accommodate the Soviet Union in 1939—help to demonstrate these arguments. By paying attention to these dynamics, international relations scholars can better understand how balancing works in specific cases, how it manifests more broadly in interna­tional politics, and why it sometimes fails in situations where it ought to work well.

Chinese and U.S. flags flutter on a lamppost in front of the portrait of Mao Zedong on the Tiananmen Square to welcome the visit of U.S. President Barack Obama in Beijing, China, 17 November 2009.

AP Photo

Journal Article - Washington Quarterly

American and Chinese Power after the Financial Crisis

| October 2010

"...Asia has its own internal balance of powers, and in that context, many states continue to welcome an American presence in the region. Chinese leaders have to contend with the reactions of other countries, as well as the constraints created by their own objectives of economic growth and the need for external markets and resources. Too aggressive a Chinese military posture could produce a countervailing coalition among its neighbors that would weaken both its hard and soft power. A poll of 16 countries around the world found a positive attitude toward China’s economic rise, but not its military rise."

A nuclear security officer armed with an AR-15 assault rifle and 9mm hand gun patrols the coastal area of the Diablo Canyon nuclear power plant, May 5, 2004, in Avila Beach, Calif.

AP Photo

Journal Article - Daedalus

Reducing the Greatest Risks of Nuclear Theft & Terrorism

| Fall 2009

"Keeping nuclear weapons and the difficult-to-manufacture materials needed to make them out of terrorist hands is critical to U.S. and world security — and to the future of nuclear energy as well. In the aftermath of a terrorist nuclear attack, there would be no chance of convincing governments, utilities, and publics to build nuclear reactors on the scale required for nuclear energy to make any significant contribution to coping with climate change."

President Barack Obama talks with China's President Hu Jintao at the start of the morning plenary session at the G-20 summit in Pittsburgh, Friday, Sept. 25, 2009.

AP Photo

Magazine Article - American Interest

What 'Chimerica' Hath Wrought

| January/February 2010

"For a time, [Chimerica] was a symbiotic relationship that seemed like a marriage made in heaven. Put simply, one half did the saving, the other half the spending. Comparing net national savings as a proportion of Gross National Income, American savings declined from above 5 percent in the mid 1990s to virtually zero by 2005, while Chinese savings surged from below 30 percent to nearly 45 percent. This divergence in saving patterns allowed a tremendous explosion of debt in the United States, for one effect of the Asian "savings glut" was to make it much cheaper for households to borrow money than would otherwise have been the case."