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The US must lead with allies or risk becoming a bystander in a reshaped international financial system. As the global economy struggles to recover from COVID-19 and rising powers like China assert economic influence, this mission is critical to the long-term prosperity of the United States and its allies. Strong collaboration between the public and private sectors can help revitalize open markets for the twenty-first century.

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New Atlanticist

Apr 1, 2009

G20 Solves Financial Crisis and More!

By James Joyner

Tufts University political economist Dan Drezner passes on news of what he terms “The Miracle of London.” Your humble blogger has learned that, in an amazing reversal of fortune, the leaders of the G-20 have heeded President Obama’s call to embrace a “responsiblity to co-ordinate our action and find our common ground.” 

Economy & Business International Organizations

New Atlanticist

Mar 30, 2009

G20 Expectations: The View from Europe

By Valerie Nichols

European expectations about the upcoming G20 summit are rapidly on the decline.  Although most European nations began preparations with a relatively rosy outlook, many are now warning against an all-encompassing economic agreement coming out of the summit.

Economy & Business European Union

New Atlanticist

Mar 29, 2009

Brown Global Stimulus Plea Falls on Deaf Ears

By James Joyner

Gordon Brown’s call for a “global new deal,” in which the G20 leaders would provide more than $2 trillion in stimulus to fight the global recession, is finding no takers in Europe.  

Economy & Business United Kingdom

Report

Mar 28, 2009

G20 Report: Stimulus and Regulation Compromise Needed

By Paola Subacchi, Alexei Monsarrat, and Robin Niblett

What started last year as a growing international credit crunch and, by September, a global banking crisis has now spread into the real economy. International trade, investment and economic growth are all contracting. A drastic curtailment of credit, collapsing global demand and a loss of trade finance is having a devastating economic effect on both […]

Americas Economy & Business

New Atlanticist

Mar 28, 2009

Economist Has Buyer’s Remorse on Obama

By James Joyner

The editorial board at The Economist (which apparently considers itself a “newspaper” despite coming out weekly in magazine format) praises President Obama for having “already done some commendable things” in the foreign policy arena but charges that, domestically, “His performance has been weaker than those who endorsed his candidacy, including this newspaper, had hoped.”

Economy & Business United States and Canada

New Atlanticist

Mar 26, 2009

Geithner Dollar Remarks Create Panic

By James Joyner

The call earlier this week by the head of China’s central bank for a new world reserve currency to replace the dollar got a surprising second yesterday from U.S. treasury secretary Timothy Geithner, who told the Council on Foreign Relations that the administration is “quite open” to the idea.  Shockingly, this did not go over […]

Economy & Business
STOCK - EU

New Atlanticist

Mar 23, 2009

Atlantic Update: G20 Consensus Remains Elusive

By Valerie Nichols

Bad news from the IMF arrived last week as the G20 emergency summit creeps closer and closer.  The organization recently released some “depressing” figures.  In what the BBC called its “gloomiest forecast yet,” the Fund predicted a world economy contraction of 0.5% to 1.0% in 2009.  Only two months ago, the prediction had been of […]

Economy & Business European Union
Unemployed FDR Memorial

New Atlanticist

Mar 21, 2009

Countries with Best Unemployment Benefits

By James Joyner

FP’s Annie Lowrey notes that, “As many as 50 million people could be out of work by the end of 2009. But the unemployed in some countries definitely have it better than others.”

Economy & Business European Union

New Atlanticist

Mar 19, 2009

Swiss-German Tax Squabble Turns Ugly

By James Joyner

Parliamentarians say the darnedest things: A tax row between Switzerland and Germany took a venomous turn on Thursday, with Nazi accusations against German Finance Minister Peer Steinbrueck after he likened the Swiss to cowed “Indians.” 

Economy & Business Germany

New Atlanticist

Mar 17, 2009

Financial Crisis Result of Male Domination?

By James Joyner

Liar’s Poker author Michael Lewis argues in the April Vanity Fair that the male domination of the financial sectors in Iceland was a major contributors to the spectacular collapse of its banking system.

Economy & Business

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