Economy & Business

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

Mar 15, 2009

G20 Leaders Proclaim Consensus Without Achieving It

By James Joyner

The G20 ministers ended their meetings yesterday proclaiming consensus and pledging to cooperate in solving the financial crisis.  This, despite their being very little consensus among the G20 leaders on what policies to take and no agreement being reached that will have meaningful policy impact.

Economy & Business

New Atlanticist

Mar 2, 2009

Euro Drops Ever So Slightly After Bailout Rejection

By James Joyner

One has to love headline writers. YahooNews titles an AFP story “Euro drops against dollar after EU rejects bailout.” That got my attention, obviously, so I read further.

Economy & Business

New Atlanticist

Feb 26, 2009

Consumer Confidence Hits Record Lows on Both Sides of Atlantic

By James Joyner

European businesses and consumers alike have the lowest confidence in the economy since tracking began a quarter century ago, the European Commission said earlier today.

Economy & Business

New Atlanticist

Feb 22, 2009

Europe Agrees to Tighten Regulations, Double IMF Funding

By James Joyner

The leaders of Europe’s key economies agreed this morning to stronger regulation for the financial markets and to double the investment in the International Monetary Fund ahead of the G20 summit. 

Economy & Business European Union

New Atlanticist

Jan 20, 2009

EU – South Korea Trade Deal Nears

By James Joyner

The EU and South Korea are very close to establishing a free trade zone and expect to finalize a deal in March, AP business writer Kelly Olsen reports.

Economy & Business European Union

New Atlanticist

Jan 8, 2009

Dell Moves Jobs From Ireland to Poland

By James Joyner

While the outsourcing of manufacturing jobs from high wage countries to lower wage countries is a longstanding phenomenon, we mostly think of it as one between the developed and developing worlds, not something that takes place within the EU.

Economy & Business European Union

New Atlanticist

Dec 19, 2008

Fighting Poverty with Profit

By James Joyner

Alan Wood argues that it’s time to rethink how we fight poverty in the developing world, shifting from aid to profit-based approaches.  Quite a while ago, trade and development economist Peter Bauer (1915-2002) of the London School of Economics famously remarked that aid was a transfer of wealth from poor people in rich countries to […]

Economy & Business
STOCK - Financial Crisis

New Atlanticist

Dec 18, 2008

Fed Rate Cut Leaves American and European Investors Guessing

By Peter Cassata

“We are flying blind,” the FT‘s editors declared after the Fed cut its federal-funds rate to a range of 0 to 0.25 percent on Tuesday.  Although Bernanke had indicated he was willing to employ unorthodox measures to lift the U.S. economy out of recession, few analysts expected such a dramatic cut. 

Economy & Business European Union

New Atlanticist

Dec 12, 2008

China on a Diet as Consumption Drops?

By Peter Cassata

Figures published Wednesday on China’s economy show the country doing worse than the World Bank previously anticipated, boding poorly for China’s chances of avoiding the global downturn as well as for the West’s hopes of possible bailout assistance from Asia. 

Economy & Business

New Atlanticist

Nov 14, 2008

G20 Summit: The View from Europe

By Peter Cassata

Will this weekend’s G20 summit really be “Bretton Woods II?”  The answer from Europe (like the U.S.) seems to be no. 

Economy & Business European Union

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