Economic Growth Program

Archives: Economic Growth Program Articles and Op-Eds

China’s Latest Reforms Not a Sign of Economic Strength

  • By
  • Samuel Sherraden,
  • New America Foundation
May 10, 2012 |

This year, China has announced a flurry of financial liberalization measures that were perceived by many in the U.S. and Europe as a sign of confidence among Chinese leaders about their economy’s growth prospects.

Some analysts, such as Paul Markowski, president of MES Advisers Inc., have argued that these reforms indicate Chinese leaders believe they have avoided a so-called hard landing.

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GCC Countries Look Towards Developing World For Growth

  • By
  • Afshin Molavi,
  • New America Foundation
May 1, 2012 |

It is one of the most exclusive economic clubs in the world, and it's not the G20, the G8 or the IMF board of directors. It's the dwindling list of countries that have retained the gold standard of investment grade status: the AAA rating. From Canada to Sweden, from Switzerland to Germany to Australia, these AAA countries will soon be an even smaller club as France's status totters.

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I.M.F. Independence Matters

  • By
  • Douglas Rediker,
  • New America Foundation
  • and David Gordon, Eurasia Group
April 17, 2012 |

The International Monetary Fund has been at the center of global financial stability since its creation after World War II. In the last year it has played a central role in reducing the risk of a European financial meltdown. At the fund’s spring meetings this week, the question of whether to bolster I.M.F. resources will dominate the agenda. Yet in reality the I.M.F. faces a much greater challenge that could render additional financing a sideshow: an erosion of market belief in I.M.F. financial analysis.

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I.M.F. Independence Matters

  • By
  • Douglas Rediker,
  • New America Foundation
  • and David Gordon, Head of Research, Eurasia Group
April 17, 2012 |

The International Monetary Fund has been at the center of global financial stability since its creation after World War II. In the last year it has played a central role in reducing the risk of a European financial meltdown. At the fund’s spring meetings this week, the question of whether to bolster I.M.F. resources will dominate the agenda. Yet in reality the I.M.F. faces a much greater challenge that could render additional financing a sideshow: an erosion of market belief in I.M.F. financial analysis.

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The Real Bad Guy in the E-Book Price Fixing Case

  • By
  • Barry C. Lynn,
  • New America Foundation
April 12, 2012 |

This week, the Obama administration’s Justice Department struck a great legal blow against our open market for books, and indeed against open markets in America. Even though online retailer Amazon has captured more than 50 percent of many key book markets—like the one for e-books—antitrust enforcers brought suit not against this vast and swelling monopolist but against the publishers who are the victims of Amazon’s power.

Their supposed crime? To do what is most normal in any real market: insist on the right to price your own product.

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Power Failure

  • By
  • Barry C. Lynn,
  • New America Foundation
April 12, 2012 |

Americans have never felt at ease with empire, and with good reason. Running an empire often demands that we betray our republican ideals, at least for periods of time. It can also be costly in gold and in blood. So it was no surprise that after the fall of the Soviet Union, the American people leapt at the opportunity to lay down the imperial burdens we had carried since World War II. Politicians in both parties assured us that we could off-load our responsibilities onto a “global” market mechanism, overseen by a new institution created in 1995 called the World Trade Organization (WTO).

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Arabs' Economic Malaise Demands Local Solutions

  • By
  • Afshin Molavi,
  • New America Foundation
April 2, 2012 |

Over the past year, the European Bank for Reconstruction and Development (EBRD) has added four new target countries to its mandate: Egypt, Jordan, Morocco and Tunisia. The development body founded in the aftermath of the 1989 European revolutions and the end of communism has been investing across eastern and central Europe and Central Asia and the Caucasus for two decades - with measures of success.

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Scarce Water Resources Will Drive Life-and-Death Politics

  • By
  • Afshin Molavi,
  • New America Foundation
March 19, 2012 |

Every day, around the globe, nearly 4,000 children die from waterborne diseases. That is 166 children every hour, nearly three per minute. More than one billion people lack clean drinking water, and more than 2.5 billion lack adequate sanitation. Those numbers tell the story: while increased attention has been paid lately to a "coming water crisis", for many, that crisis has already come.

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A Subsidy for Dignity

  • By
  • Michael Lind,
  • Lauren Damme,
  • New America Foundation
March 14, 2012 |

In the aftermath of the Great Recession, the United States may be afflicted by high levels of unemployment for years to come. Compounding the challenge to public policy is the fact that many jobs in many sectors will never be restored, either because they depended on debt-enabled demand during the bubble economy years, like many jobs in finance, real estate, and construction, or because they are vulnerable in the long term to offshoring or automation.

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The DOJ’s Misguided Antitrust Attack

  • By
  • Barry C. Lynn,
  • New America Foundation
March 14, 2012 |

In 1890, Congress passed America’s first federal antimonopoly law, the Sherman Antitrust Act, by an overwhelming margin. The intent was to protect the nation’s markets and break up its concentrations of economic and political power. But almost immediately, the very plutocrats targeted by the law figured out how to turn it to their advantage. It was the unions of the workingman, they said, and the cooperatives of the farmer, that were the truly dangerous cartels. And with some help from business-friendly courts, the big man was made free to use the Sherman Act against the little man.

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