Economics and Globalization | Wilson Center

Economics and Globalization

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

How Brazil Measures up to Latin America’s Biggest Economies

Assessing Latin America as a monolith is a terrible mistake. Besides being extremely diverse in cultural, social, and even political terms, the region's economic aggregates often hide significant country differences. Average results are pulled by a handful of larger economies which perform as outliers in a region filled with smaller markets.

A Conversation with Arturo Herrera Gutiérrez, Mexico's Secretary of Finance and Public Credit

The Wilson Center's Mexico Institute was pleased to host a conversation with Arturo Herrera Gutiérrez, Mexico's Secretary of Finance and Public Credit, on fiscal policy, labor reforms, and economic development in Mexico.

Ukraine Quarterly Digest: July–September 2019

BY ANDRIAN PROKIP

The third quarter of 2019 showcased Ukraine’s vibrant political life. The country held parliamentary elections and established a new cabinet. Power has now been consolidated in one political party, led by recently elected President Zelenskyy. Parliament started amending current legislation and reforming the political system with extraordinary speed. Over the summer the new Ukrainian administration was dragged into an investigation of U.S. president Donald Trump.

1. INTERNATIONAL AFFAIRS

Relations with the EU

Ice-Diminishing Arctic Interview: Tero Vauraste

Tero Vauraste discussed the role of economics in developing the Arctic Region. Vauraste highlights the region's 1 trillion USD investment potential, and the need for infrastructure to support increased activity as the Arctic enters into a new era. He also touched upon the importance of Arctic Council cooperation and dialogues to mitigate security concerns. Vauraste is the President of Mariadi Ltd, and former Chair of the Arctic Economic Council.

Japan's Global Economic Leadership Beyond the G20

Over the past two years, Japan has emerged as a global leader in forging ahead with multilateral trade agreements, and as such taking on a greater role in ensuring that free, fair, and open markets prevail. At the same time, there are growing expectations for Japan to take on a larger role that goes beyond trade to ensure economic stability worldwide, and act as a global stabilizer amid growing uncertainties.

Taiwan’s Economic Momentum for Regeneration

Uncertainties abound regarding trade relations between the United States and China, as the causes of tensions range from frustration over trade imbalances to grievances about adhering to the rule of law. But equally unsettling is the fact that it is difficult to predict which side may actually emerge victorious in the end. In fact, the question may well be which country will be able to hedge its losses more rather than coming out ahead in the end.

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