In The News

Les relations americano-russes sont indemnes, pour le moment

Dmitry V. Suslov February 28, 2005

US-Russia Relations Saved for Now

Dmitry V. Suslov February 28, 2005
Though the recent meeting between US President George W. Bush and Russian President Vladimir Putin ended predictably with handshakes and smiles, all is not well with bilateral relations. As Dmitry V. Suslov reports, the superficial glazing-over of fundamental disagreements, though a short-term diplomatic "band-aid," may do substantial harm to regional and international politics. Of...

Millions of Indians Await Benefits of Globalization

Jessica Einhorn February 25, 2005
At a time when many analysts predict a booming future for the Indian economy, India remains hesitant to fully embrace globalization. India and its neighbor China have been tagged as the world's next economic superpowers. Yet while China industriously makes its shores hospitable to foreign capital, Indian reformers continue to grapple with a long history of intransigent domestic opposition to...

Dealing with a Declining Dollar – Part II

David Dapice February 9, 2005
If today's US budget deficit raises concerns, then tomorrow's projections should sound an alarm, writes economist David Dapice. As the United States descends further and further into debt – by several trillion dollars over the next ten years – the value of US currency will decline. Should a worldwide "run on the dollar" result, shockwaves would resonate throughout the global...

Dealing with a Declining Dollar – Part I

Jeffrey E. Garten February 7, 2005
There may be trouble brewing in the global financial system. With US external debt now over US$2.5 trillion, foreign creditors may soon demand higher interest rates in order to keep money flowing into America. In turn, this might lead to a US recession that will eventually spread globally. However, such a disaster could be averted if other countries were to allow their currencies to move...

Can the World Deliver for Africa?

Larry Elliott February 2, 2005
2005 may be the year of Africa, if UK Prime Minister Tony Blair and other officials have anything to do with it. Britain, charged this year with the coinciding presidencies of both the EU and the G8, has vowed to make African economic revival a priority. The poorest continent in the world is steadily growing poorer, as standards of living, health, education, and economic productivity are far...

Worldwide Effects of Sinking Dollar

David R. Francis November 22, 2004
As the value of the US dollar continues its dive, observers worldwide continue to debate the consequences. The gaping US trade deficit is seen as the culprit for the devaluation, which has sped up markedly since President Bush's re-election. Most recently, concerned G20 officials called for the United States to rein in its federal deficit. As Chinese citizens, fearing a revaluation of...