Global Business & Economics Program

  • Zoellick: U.S. Must Play Active Role in Multilateral System

    World Bank president  Robert Zoellick warned that we should be cautious in reforming the structure of  international economic institutions.  Making changes based on theoretical analysis while excluding the practical implications would have serious consequences.

    Responding to a question from Council president and CEO Fred Kempe about a proposal to end the practice of preserving the World Bank presidency for an American and IMF for a European, Zoellick answered that "the decision of the members is to say it should be open, meritorious, every country and then it it’ll be up to the shareholders to decide how they want to implement that."  But, he wryly noted, "let’s not forget these are ultimately political decisions."  Noting the recent selection of the EU president and foreign minister and the choosing of

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  • Different Economic Tones in Europe and Asia

    Bob Zoellick Atlantic Council

    World Bank president Robert Zoellick notes he was "struck by the very different tones" in recent financial summits in West and Asia, seeing a timidity in the former and an aggressive "growth agenda" in the latter.


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  • Robert Zoellick Event Transcript

    Robert Zoellick Event

    Speakers:

    • Frederick Kempe, President and CEO, Atlantic Council
    • Francis Kelly, Atlantic Council Board member; Managing Director and Head of Government Affairs Americas, Deutsche Bank
    • Robert Zoellick, President, World Bank

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  • Transatlantic Trade More Important than You Think

    USA - EU Cooperation Photo

    Despite perceptions here and in Europe that a G2 is emerging in which the United States and China will be international Goliaths largely oblivious to the world's Davids, the fact of the matter is that "the United States and the EU together comprise 54 percent of global GDP."


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  • Global Financial Collapse Coming?

    Reputable financial houses, as they are described online, are telling their clients how to prepare for potential "global collapse" over the next two years. France's Societe Generale, according to the London Daily Telegraph's chief investigative reporter, Ambrose Evans-Pritchard, is such a house that is now "mapping a strategy of defensive investments to avoid wealth destruction."


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  • Learning From Germany

    I agree with Paul Krugman that we can learn something from Germany:


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  • Trans-Atlanticism Renewed: The Path to Force Effectiveness

    Although NATO today faces threats from more unconventional enemies, its need to forge a strong trans-Atlantic Alliance remains as essential to its success as ever, says Thomas Enders. Throughout the Cold War, the Berlin Wall signified the tension and distrust between the capitalist, democratic West and the communist, authoritarian East.


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  • 1989 Started New Era of Globalization and Geopolitics

    The fall of the Berlin Wall in the autumn of 1989 was an exceptional event in German and world history. As a German-speaking Swiss national living in Zurich at the time, I was deeply moved by the events.


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  • French Rebound Continues While Germany Moves Sideways

    Euros

    Whoever would have thought that some people once called economics the most dismal of sciences? Certainly, as the current crisis goes on and on, those of us who consider ourselves to be economists scarcely are able to find the time to squeeze in a dull moment, even here and there. But even at a broader level, interest in that most dismal of dismal topics - the theory and practice of central banking - seems now to fire up levels of enthusiasm here in Spain that make even the appetising prospect of a forthcoming Real Madrid-Barça football match pale in intensity. Even if it is the case, I have to admit, that the everyday Johnny (or Jill) come lately sitting in the bar still - truth be told - prefers the sports columns of the daily newspapers, or the lacivious details of the latest romantic adventure of one of the rich and famous to a careful perusal of the detailed minutes of the last policy rate setting

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  • Russian Economy and the Balance of Power

    In assessing the balance of power between Russia and the West throughout the Eurasian space, many analysts have focused on political decisions. Does the Obama administration's decision to cancel the deployment of a missile-defense system in Poland and the Czech Republic leave pro-American governments in the region anxious to be integrated into the Euro-Atlantic community exposed? Is delaying a decision on whether to offer membership in NATO to Ukraine and Georgia a tantamount recognition of a re-emerging Russian "sphere of influence" in the region?


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