Commentary / World Feb 22, 2011

Expanding the scope of the export sector

NEW YORK — Since the end of World War II, the global economy's trade and financial openness has increased, thanks to institutions like the International Monetary Fund and successive rounds of liberalization, starting with the General Agreement on Tariffs and Trade in 1947. In parallel, ...

Commentary / World Jan 19, 2011

Global economy: five steps forward in 2011

MILAN — The worst of the financial/economic crisis seems to be over. Asset markets performed reasonably well in 2010. Growth in the United States and parts of Europe returned. Private-sector deleveraging continued, but was counterbalanced by rising public-sector deficits and debt. And emerging-market growth ...

Commentary / World Nov 17, 2010

Fixing the U.S. economy

NEW YORK — For many, if not most, Americans, the crisis that befell them in 2008 — leading to slow growth, rising unemployment and high anxiety among voters — appeared to spring from nowhere. Certainly, the vast majority of economists, investment analysts, financial firms ...

Commentary / World Oct 25, 2010

White House magic at halftime

NEW YORK — In September 2008, the global economy and financial system was hit by an earthquake, whose epicenter was in the United States. It was the end of the Bush administration. The presidential election was two months away. The timing, from the point ...

Commentary / World Oct 20, 2008

From distress to effective global governance

STANFORD, Calif. — The current credit crisis has led to scaled-back projections for growth around the world. Governments and central banks are responding to damaged balance sheets and credit lockups in an attempt to limit extreme harm to their economies outside the financial sector. In ...