Roubini Topic Archive: International Organizations
Uniquely BRICs (Brazil, Russia, India, and China) has become a political grouping after having been invented by Jim O’Neill at Goldman Sachs. In June 2009, Russia organized the first BRIC summit, but will it hold?
The emerging economies will soon account for most of the world economy. We are at a crossroads of world history, as Oswald Spengler caught in his pessimistic 1918 book Der Untergang des Abendlandes or Paul Kennedy in his 1988 book The Rise and Fall of the Great Powers.
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 […]
Op-ed in YaleGlobal September 30, 2009 The much-awaited G-20 summit in Pittsburgh was overshadowed by the surprise announcement of Iran’s underground nuclear facility. But the summit was notable for defining a new economic direction to be taken by the United States and its partners. The leaders pledged to work for a “strong, sustainable, and […]
The 2008 election rekindled debate about whether US multinationals shift technology across borders and relocate production in ways that might harm workers and communities at home. President Obama now pledges to end tax breaks for corporations that ship jobs overseas. The preoccupation about the behavior of American multinationals takes three forms: (1) that US-based multinational […]