The new International Economic Bulletin draws on the expertise of Carnegie's global centers to provide a candid view of the economic crisis and its political implications. Addressing the momentous challenges of the economic downturn will require objectivity, and the ability to analyze the political dimensions of reforms around the world. Experts on Russia, China, the Middle East, and Africa weigh in on how policymakers in each region can do more to counteract the crisis.
Promoting the Rule of Law
During his recent speech at the Summit of the Americas, President Obama affirmed a commitment by the United States to promote rule-of-law reforms around the world. Thomas Carothers warns that leaders should not underestimate the difficulty of the task by overestimating the degree of consensus needed for building the rule of law in practice. They must not reduce the concept down to a procedural minimum, nor embrace the idea that the rule of law should precede democracy.
Obama's First 100 Days
David Rothkopf warns that despite appointing high-profile advisers tasked with transforming U.S. foreign policy, the Obama administration has yet to engage the most pressing challenge: overhauling the entire national-security apparatus to reflect U.S. priorities and budget realities.
Does China's Financial Sector Jeopardize Economic Growth?
Zhou Xiaochuan, governor of the People's Bank of China, recently called for an alternative to the U.S. dollar as the world's currency of choice. To discuss the health of China's financial sector and whether the pace of reforms should increase, Carnegie convened the 9th debate on Captiol Hill in the ongoing "Reframing China Policy" series.
New Stakeholders, New Solutions?
The United States faces a long list of foreign policy challenges that it cannot solve alone. The 4th annual Carnegie Junior Fellows Conference examined the role of emerging powers in climate change, nonproliferation, and the global economic system.
Russia in the Global Storm
Russia is among the countries hardest hit by the global economic crisis. Zeljko Bogetic, lead economist for Russia at the World Bank, warned that unless the country’s leadership takes quick and targeted action to mitigate the impact on households, the negative economic and social ramifications of today’s crisis will likely be longer and deeper than those experienced in recent Russian history.
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