International Selection

Any effort to undermine international trade – a leading engine of global economic growth since the end of WWII – will inevitably impose high costs on everyone. A column by Anne O. Krueger.

Larry McDonald, Editor of the Bear Traps Report, predicts a full-blown crisis in the emerging markets and outlines why this also could offer some promising opportunities for investors.

Ethan Cramer-Flood, China expert with The Conference Board, on his pessimistic outlook for the trade negotiations between the US and China.

If China had a sustainable growth model underpinning a highly efficient economy, it might be able to afford a moderate arms race with the US. But it has neither. A column by Minxin Pei.

The US can and should greatly step up financial and logistical aid to help neighboring states deal with the overwhelming refugee problem. A column by Kenneth Rogoff.

Anat Admati, Professor of Finance and Economics at Stanford University warns that the too big to fail problem is not solved and that the financial system remains vulnerable.

Lehman Brothers’ collapse revealed a flaw not just in finance, but in twenty-first-century politics and society: technologically driven short-termism. A column by Harold James.

A marriage of convenience between surplus and deficit countries eventually blossomed into codependency. Now, frictions have intensified and might lead to a full-blown trade war. A column by Stephen S. Roach.

The evidence is that Quantitative Easing can play a positive stabilization role. If there are negative side effects, these are best addressed not by central banks but by other policy makers. A column by Barry Eichengreen.

Laurence Ball, Professor of economics at Johns Hopkins University, says that key policy makers have not been transparent about the failure of Lehman Brothers. He claims that the Federal Reserve could have rescued the imperiled investment bank but chose not to because of political pressures.

As soon as long-term rates will rise, the present value of future corporate profits will shrink and investors will have an alternative to equities. The result will be a decline in share prices. A column by Martin Feldstein.

Leaders who refuse to recognize the world as it is will eventually lose the position that their denial of reality was supposed to protect. A column by Nina L. Khrushcheva.