China and the United States are in the grip of major structural changes that both dread will end the halcyon era when China produced low-cost goods and the U.S. bought them. In particular, many fear that if these changes lead to direct competition between ...
If one looks at the trade patterns of the global economy's two biggest players, two facts leap out: (1) While the United States runs a trade deficit with almost everyone, including Canada, Mexico, China, Germany, France, Japan, South Korea, and Taiwan, not to mention the ...
As the economist Mario Monti's new government takes office in Italy, much is at stake — for the country, for Europe and for the global economy. If reforms falter, public finances collapse and anemic growth persists, Italy's commitment to the euro will diminish as the ...
As the American economy continues to sputter three years after the global financial crisis erupted, one thing has become clear: The United States cannot generate higher rates of growth in gross domestic product and employment without a change in the mix of the economy's ...
Led by Asia, the share of the global economy held by emerging markets has risen steadily over recent decades. For the countries of Asia — especially China and India — sustainable growth is no longer part of a global challenge. Instead, it has become ...
NEW YORK — Since the end of World War II, the global economy's trade and financial openness has increased, thanks to institutions like the International Monetary Fund and successive rounds of liberalization, starting with the General Agreement on Tariffs and Trade in 1947. In parallel, ...
MILAN — The worst of the financial/economic crisis seems to be over. Asset markets performed reasonably well in 2010. Growth in the United States and parts of Europe returned. Private-sector deleveraging continued, but was counterbalanced by rising public-sector deficits and debt. And emerging-market growth ...
NEW YORK — For many, if not most, Americans, the crisis that befell them in 2008 — leading to slow growth, rising unemployment and high anxiety among voters — appeared to spring from nowhere. Certainly, the vast majority of economists, investment analysts, financial firms ...
NEW YORK — In September 2008, the global economy and financial system was hit by an earthquake, whose epicenter was in the United States. It was the end of the Bush administration. The presidential election was two months away. The timing, from the point ...
STANFORD, Calif. — The current credit crisis has led to scaled-back projections for growth around the world. Governments and central banks are responding to damaged balance sheets and credit lockups in an attempt to limit extreme harm to their economies outside the financial sector. In ...
