Global Business & Economics Program

  • Will the Dollar be the Only Casualty of the Economic Crisis?

    Twenty Dollar Bill

    When the world’s largest creditor (China) sends a message of frustration to the world’s largest debtor (the U.S.), it is probably a good idea to pay attention. Indeed, there may be a larger message there than that of the role of the dollar.

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  • Global Economic Crisis: We Are Our Own Enemy


    Of all the emerging threats we may face, the wolf closest to or already in the sled is here at home.  It is, to repeat that childishly effective phrase of the 1992 presidential election, the economy stupid!  Despite a rebound in the stock markets and expectations of “green shoots” of recovery, the economy is still in ill-health.  What we are probably seeing is the movement of the economy into the eye of the storm rather than passage into calm waters.

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  • Youssef Boutros Ghali Discusses IMF, Economic Crisis

    The Atlantic Council's Global Business and Economics program hosted Youssef Boutros Ghali, the Finance Minister of Egypt and chair of the IMF's International Monetary and Financial Committee, for a conference call to discuss the IMF's response to the global economic crisis' effects in developing countries.

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  • Dr. Josef Ackermann Event Transcript

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  • Capitalism's Future Shape

    Josef Ackerman Atlantic Council Photo

    Dr. Josef Ackermann, the chairman of Deutche Bank, told the Atlantic Council that the current financial crisis is a "watershed event" that may "reshape our political system."  He warned that, "Globalization is not a natural force.  It is man-made and can be undone with our own hands."

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  • Josef Ackermann on the Global Economic and Financial Crisis

    Josef Ackermann on the Global Economic and Financial Crisis

    Deutsche Bank CEO Dr. Josef Ackermann visited the Atlantic Council for a frank discussion about the global economic crisis.

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  • 5 Questions for Mario Monti

    Mario Monti, a member of the Atlantic Council's Business and Economic Advisors Group is  president of Bocconi University and the former EU Commissioner for the Internal Market, Tax Policy (1995-1999) and Competiton (1999-2005).  I had the opportunity to get his thoughts on some key issues of interest to the Atlantic Council community.

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  • After G-20: Not Quite A New World Order…Yet

    After G-20: Not Quite A New World Order…Yet

    Now that the dust has settled from the London G20 meeting earlier this month, what did it add up to? The media was not kind to British PM Gordon Brown’s boast that, “I think the New World Order is emerging.”

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  • When Bubbles Burst: Daewoo All Over Again

    I have been teaching a class called “The Global Marketplace” this semester, but often I begin class by stating, “Welcome back to `The Global Meltdown’ class.”  Instead of studying about rising trade and investment and economic integration, we discuss deglobalization and the prospects for a global depression. 

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  • G20 Leaders Leave Hard Problems Unsolved

    As widely anticipated, not much was achieved at the G20 Summit. 

    The announcement of $850 billion dollars for the international financial institutions and $250 billion in trade finance is a welcome sign that world leaders are paying attention to the needs of poor countries.  But the lack of any real consensus on a true global fiscal stimulus demonstrates the ongoing rift between the US and Europe over the real solutions to stagnating growth.  Trade finance is only useful if there is a serious demand for exports, and the estimated 10 percent decline in global trade makes plain that lagging demand is as much to blame as lack of finance for global trade slowing to a crawl. 

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