It has only been a few days since the New Year fireworks lit up the skies of many of the world’s cities. For a brief moment, it was possible to forget the tumult and flurry of activity that marked the end of 2018, and focus on the festivities.

Unfortunately, not even the arrival of a new year is likely to aid any efforts to temper rising volatility, fractious diplomacy, political headwinds, tepid markets and, generally speaking, a world on the brink. Regardless of the causes of the alarming deve...

Talk of the “next recession” is often dismissed as alarmist fear-mongering. The wounds of the 2008 financial crisis and the resulting downturn are still fresh despite positive results from a synchronized global recovery effort. In these politically charged times, economic pessimism is considered unfair criticism of the Global North’s flirtation with populism. Calls for caution and economic prudence are rarely taken seriously. However, no matter your political leanings or your particular school o...

Brain drains have existed as long as there has been economic disparity between geographic areas. More recently, they have been among the primary negative effects of the lopsided globalization that has long favored the developed world at the expense of developing economies. The brain-drain phenomenon occurs when skilled, educated people migrate to pursue better living standards and quality of life, higher wages, more personal freedom, access to the latest cutting-edge technologies and solutions,...

The Transatlantic Economy 2018 annual survey offers the most up-to-date set of facts and figures describing the deep economic integration binding Europe and the United States. It documents European-related jobs, trade and investment in each of the 50 U.S. states, and U.S.-related jobs, trade and  investment in each member state of the European Union and other European countries. It reviews key headline trends and helps readers understand the distinctive nature of transatlantic economic relations...

Excerpt from a column published by CBC News on June 26, 2018. View it here.

China's strategic game

Whether or not Trump's tweet-led policy can be described as rational, Greg Chin, a China scholar at Toronto's York University, says it appears China is trying to be.

"A[s] far as I can read it, the Chinese haven't really gone for the jugular yet," says Chin, who is currently working on a book about the internationalization of the Chinese currency.

While Trump always quotes trade in physical goods...

September 27, 2017

As China prepares to hold its 19th Party Congress, an event with momentous policy implications, SAIS China hosted a discussion by David Lampton to highlight trends in the US-China relationship. He spoke about the friction in the economic and military ties between the two nations prior to the Xi Jinping administration and the uncertainties and risks that have developed since the inauguration of US President Trump.

Lampton spoke about how the United States has in recent decades fostered the emerge...

Across the Caribbean, increasing pressure on governments to manage high levels of indebtedness and fiscal imbalances is placing severe limitations on their ability to effectively support broad-based social and economic development. Small states are especially vulnerable to the international economic environment, and the region continues to struggle after the 2008 financial crisis hit traditional growth sectors - tourism, commodities, and financial services –particularly hard. Furthermore, the re...

February 14, 2017

Frederic Neumann took on the imposing task of analyzing challenges facing Asia today and deliberating over its future prospects. Neumann described the present situation as a balancing act involving delicate and difficult choices in the midst of miscellaneous pressures.

The discussion started with a brief history of how the West and the East have gotten where they are today; the former stagnating and the latter soaring. He attributed the troubles in the West as the fallout of the 2008 financial c...

February 4, 2017

The outlook for the American economy continues to be bright and improving in the near term, according to Roger Ferguson of financial services giant, TIAA. The consensus view among economists is for sustained growth globally, although at a slower rate than recent expansions, Ferguson reported.    

Asked by moderator John Lipsky to comment on the most pressing economic challenges for the new US administration, Ferguson said these issues include boosting growth, managing tax cuts an...

Photo: World Leaders at the 2016 APEC Summit, 20 November 2016.  APEC Peru 2016, license: CC BY-NC-ND 2.0 

If the Chinese get one thing right, it is timing. Shortly after the US elections, Beijing made public its strategy for engagement with Latin America and the Caribbean, intended to send the world a reassuring signal in times of turmoil. This was in November 2008, amidst the fallout from the global financial crisis and just days prior to the APEC summit in Lima that year.

Beijing’s recent...

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The Paul H. Nitze School of Advanced International Studies (SAIS)
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