Economics and Globalization | Wilson Center

Economics and Globalization

Arctic Infrastructure: Needs and Opportunities in an Emerging Market

With the Arctic experiencing unprecedented changes, there is heightened focus on the region for its economic potential. Investments in the region require an array of infrastructure to support sustainable, community-focused economic development, and to process and transport materials, people, and data. Infrastructure development has wide-ranging impacts and implications on the Arctic's environment and communities, and calls for sustainable approaches.

 

Trade Restrictions May Lead to Increased Competitiveness

Necessity is the mother of invention, or so the old adage goes. Plato’s words may resonate especially loudly in East Asia these days, as governments are pushed to do more with less. With punitive trade actions becoming an increasingly common tool political tool, countries in the region are stepping up efforts to become more resilient to such moves. What’s more, efforts to avoid tariffs and other trade restrictions may actually lead to increased competitiveness in the longer term.

A Conversation with Ambassador Alice Wells on the China-Pakistan Economic Corridor

How does China’s Belt and Road Initiative compare with U.S. models for sustainable economic growth in Pakistan? Ambassador Alice Wells, Principal Deputy Assistant Secretary of State for South and Central Asia, examined the China-Pakistan Economic Corridor and its implications for Pakistan’s development.

Selected Quotes
 

Ambassador Alice Wells:

New Leadership and Challenges for the IMF

In this edition of Wilson Center NOW we speak with Meg Lundsager and Shihoko Goto on the International Monetary Fund’s new leadership under Managing Director Kristalina Georgieva. We also focus on the tenure of former Managing Director Christine Lagarde, the changing role of the IMF in a shifting global order, and that institution’s biggest worries headed into 2020.

Guests

Farm Labor and Mexico's Export Produce Industry

The Wilson Center’s Mexico Institute, along with CIESAS and Migration Dialogue, are pleased to launch a report on farm labor in Mexico’s export produce industry.

The U.S.-China Trade War and Options for Taiwan

The 2018 U.S. National Security Strategy noted that “economic security is national security.” The report stated that the White House would “no longer turn a blind eye to violations, cheating or economic aggression.” In order to address these concerns, the Trump administration adopted a number of concrete measures aiming to weaken the link between economic and security ties that have bound U.S.-China relations tightly until now.

Democrats' Clashes with Trump Must Not Imperil Trade with Mexico and Canada

It is increasingly urgent that the United States achieve stability and predictability with its two largest trading partners. The International Monetary Fund (IMF) warns of a “synchronized global slowdown” powered significantly by trade tensions, and the Institute of International Finance flags 20-year highs in global trade and economic uncertainty. 

“Getting to Yes” on the United States-Mexico-Canada Agreement (USMCA) this year would diminish these threats in North America.

Calling For a Multilateral Approach to Tackle Political Risk

From ongoing trade wars to monetary policy hitting a wall, the outlook for the global economy is hardly rosy. But following its annual meeting in Washington, the International Monetary Fund was quick to point out the rocky road ahead limited what could actually be done to prevent the slowdown from escalating further. The convening power of the IMF, bringing together central bankers and finance ministers from across the world, remains indisputable. Yet how the IMF and other international financial institutions may be able to preempt the risks ahead remain unclear at best.

Will Loans Become a Lifeboat for Ukraine’s Economy?

BY VADYM SYROTA

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