Peterson Institute for International Economics

Archive for November, 2009

  • A Blueprint for Global Leadership in the 21st Century

    Keynote Speech at the Global Human Resources Forum, Seoul, Korea November 4, 2009 The International Economic Order of the 20th Century The current international economic system was created at the end of the Second World War. Its overarching goals were to avoid a repetition of the Great Depression of the 1930s, which was severely deepened […]

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  • Dr. Singh of India Comes to Town

    Hard on the heels of his tour of China—a visit that produced mixed results and even more mixed reviews—President Obama welcomes Prime Minister Manmohan Singh to the White House in the first state visit of his presidency. For both Mr. Obama and Dr. Singh, the trip will be important symbolically, politically, and economically—even if it […]

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  • Is King Euro Naked?

    Europeans may find several historical and theoretical reasons why a political government for the euro area would be desirable. But after the global crisis there are technical reasons why it is more than desirable. That conclusion is a necessity in light of three increasingly important aspects of current monetary developments in Europe: (1) the lack […]

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  • The Impact of the Recovery Act on Economic Growth

    Main Points The world economy is experiencing a modest recovery after near financial collapse this spring. The strength of the recovery varies sharply around the world: In Asia, real GDP growth is returning quickly to precrisis levels and while there may be some permanent GDP loss, the real economy appears to be clearly back on […]

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  • India: New Letter and Spirit

    Op-ed in Business Standard, New Delhi October 28, 2009 Never mind that it was a confidential communication. Never mind too that the establishment came down on him and crushed any possibility of his private views translating into public policy. Never mind, in short, that it is back to the status quo with a vengeance. The […]

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  • The Leader of the CIS Is Lonely and Weak

    Op-ed in the Moscow Times October 28, 2009 Russia’s relations with its neighbors are worse than ever, and this is particularly true among the former Soviet republics. On October 9, the Commonwealth of Independent States (CIS) held its annual summit in Chisinau. The Nezavisimaya Gazeta headline said it all: “Summit in 30 Minutes. CIS Leaders […]

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  • Latvia, Lithuania, and the IMF

    The International Monetary Fund (IMF) has had a good year in Eastern Europe. It has been called to help numerous countries and it has acted fast and generously. It has learned several lessons from the East Asia financial crisis of 1997–98, which was very similar. The East European crisis is primarily a current-account crisis, not […]

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  • Is the “Chicago School” to Blame in the Economic Crisis?

    Michael Mussa, a former student and professor at the University of Chicago, assesses the influence—for good and for ill—of economics as espoused at the University of Chicago. Recorded October 14, 2009. © Peterson Institute for International Economics. Steve Weisman: This is Steve Weisman at the Peterson Institute for International Economics. Michael Mussa is our guest […]

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