The International Economy back issues from January 2004:
The curious case of Greenspan bashing.(Off The News)(Alan Greenspan)
Jan 01, 2004 ... Maybe it's the overwhelming animosity throughout the global community towards George W. Bush's handling of the war in Iraq, but TIE remains a bit perplexed by the continued global elite sniping at Federal Reserve Chairman Alan Greenspan. The normally astute British-based financial press in ...
Geithner takes charge.(Off The News)(Timothy Geithner)
Jan 01, 2004 ... Within days the story made the rounds of the international community: At the recent meeting in New York of the Group of Thirty, a discussion club of current mad former international economic officials, former Federal Reserve Chairman Paul Volcker had this to say about the new ...
Is the aging of the developed world a ticking time bomb? The developed-world populations are aging and shrinking, producing huge fiscal, economic, political, and social stresses given the unfunded liabilities of public entitlement programs. Does this phenomenon represent a global crisis? If a crisis looms, when will it unfold, who faces the greatest risk, and what if anything can be done? Twenty important experts offer their views.(A Symposium Of Views)(Panel Discussion)(Cover Story)
Jan 01, 2004 ... PETER G. PETERSON Chairman, The Blackstone Group The aging of the population poses an enormous challenge for the developed countries. Businesses will have to cope with an aging and shrinking labor pool. Families will have to cope with a burgeoning number of frail elders. Most ...
Boom, gloom, and excess: yet the U.S. economy today is poised for serious takeoff.
Jan 01, 2004; ... Continuing evidence of stellar U.S. productivity growth and a year of substantial real economy and stock market gains no doubt led U.S. Federal Reserve Chairman Alan Greenspan to break out the champagne. In dozens of speeches, from 1997 through 2000, Greenspan contended that monetary ...
Inflation targeting: should the Federal Reserve in its conduct of monetary policy follow the European Central Bank and adopt some form of inflation target range? TIE asked thirteen distinguished experts.(A Symposium Of Views)
Jan 01, 2004 ... Some argue that while Fed Chairman Alan Greenspan, in office since 1987, has been an extraordinarily subtle and skillful manager, his successor may not enjoy these unique skills. Thus, the system needs eventually to agree on a series of guiding benchmarks if not a target for use in the ...
Why America is different: no matter who wins the 2004 presidential contest, serious tensions with the United Nations will persist.
Jan 01, 2004; ... In the early days of the U.S. occupation of Iraq, pundits rushed to employ the Vietnam-era term "quagmire" to describe the situation on the ground. On closer inspection, the term does not apply to the situation in Iraq but rather to an unresolved double dilemma confronting the entire ...
Master of the Senate: guess who's become the go-to Democrat on Capitol Hill?
Jan 01, 2004; ... When Hillary Rodham Clinton ran for the U.S. Senate seat vacated by New York's Pat Moynihan, she stumbled like a novice on the campaign trail. She began her race with an endless "listening tour" of New York State where the outspoken former First Lady said virtually nothing. She confused ...
America's sorry trade performance: whatever happened to all that talk about rule of law?(Illustration)
Jan 01, 2004; ... When the Appellate Body of the World Trade Organization recently ruled the United States' steel tariffs invalid, members of Congress complained bitterly. They pointed to the ruling as yet another example of a WTO body exceeding its charge and misinterpreting the rules. But their fingers ...
Bullish on America: the United States needs to think more conceptually about how to use its economic advantage.
Jan 01, 2004; ... The events of the last two years have conclusively shown that the United States has the most powerful and most operationally versatile military in world history. America is able to project devastating force around the globe in record time--and reaps many significant strategic and political ...
The Bush hate game: TIE asked a top Democratic analyst why the animosity toward the 43rd President is so great.
Jan 01, 2004; ... It really is a remarkable phenomenon that we are now seeing in the United States the same degree of hatred among Democrats and liberals toward President Bush that we saw among Republicans and conservatives toward President Clinton during his presidency. In fact, one year before facing ...
Mutual fund cleanup: Washington's surprisingly slow-motion efforts at reform.
Jan 01, 2004; ... America's financial markets--and the nation's reputation for market integrity--have been rocked by repeated scandals in recent years. But perhaps the most egregious scandal of all swirls around segments of the mutual funds industry. Mutual funds in the United States have exploded in size ...
Governments and growth: the real threat to global recovery.
Jan 01, 2004; ... A favorite game at this stage of the business cycle is to ask "Where will growth come from?" The American version is to ask where the extra demand will come from when the fiscal stimulus has worn off and real interest rates, hitherto only slightly above zero, return to normal. These ...
The case for globalization: the results of McKinsey's latest study of the pros and cons of emerging market foreign investment.
Jan 01, 2004; ... Few topics are more intensely debated or generate more contrasting emotions than the merits and costs of globalization, particularly foreign direct investment (FDI) by multinational companies in emerging markets. To bring new facts to this heated debate, the McKinsey Global ...
International investment carousel: when it comes to rules for international investment, it's time to stop riding the WTO.
Jan 01, 2004; ... Money makes the world go round. Today international investment is a much greater factor in global economic growth than trade. Yet foreign investment has grown without a formal international system of rules. This contrasts with trade. Growth in trade, which was so essential to Asia and ...
Knight vision: TIE's contributing editor Klaus Engelen interviews , Malcolm Knight the new General manager of the Bank for International Settlements.(Malcolm Knight)(Interview)
Jan 01, 2004; ... TIE: Do you share the view of other central bankers and economists that the global economy is recovering? Knight: I think we are seeing signs of a strengthening and broadening out of the recovery in the world economy. Of course, the degree of uncertainty that existed a year ago ...
Das empire strikes back: German banks have had enough of Standard and Poor's and other agencies, and they're not going to take it any more.
Jan 01, 2004; ... For more than a decade, bankers, industry executives and politicians on the Continent have complained about Europe's humiliating dependence on the almighty U.S.-regulated rating oligopoly. Now, the revolt against America's unchecked rating power is pressuring politicians to push the ...
Gunfight at the Basel II corral: as the dispute brews, will the Federal Reserve misjudge the mood on Capitol Hill?
Jan 01, 2004; ... In 1988, the bank supervisors from the G10 countries agreed on a new set of capital guidelines for commercial banks that became known generally as the Basel Accord, after the Swiss city where the Bank for International Settlements is located. The central focus of this relatively simple ...
Madagascar manifesto: an island nation looks to the future.
Jan 01, 2004; ... I have vision for my country, one which builds on its rich history and rests on the strength of its hardworking, talented citizens who are anxious to make a new and better world for their children. I get very excited about the possibilities for my country and the rewarding opportunities ...