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June 1, 2007

International Organizations
The World Bank and International Development Lenders

The World Bank, flagship of the world’s international development funds, faces questions about its relevance as a scandal topples its president and a series of smaller challengers sap its authority.

May 17, 2009

Monetary Policy
"We hate you guys ... but there is nothing much we can do"

That – now famous -- quote by Luo Peng isn’t really true. China’s government choose to peg its currency to the dollar. More importantly, China’s government choose to peg to the dollar at a rate t…

"We hate you guys ... but there is nothing much we can do"

April 25, 2005

Economics
Some good news

Boeing seems to be making a bit of a comeback on the back of a new small, light plane (the 787). Airbus is left hawking a heavier, lumbering giant (the A380) in the face of rising fuel prices. That…

October 7, 1999

Trade
The Diminishing Returns to Export-Led Growth

Overview In the 1970s and 1980s, there was a tremendous sea-change in development policy thinking, among both academic economists and policymakers. The inward-oriented, import-substitution strateg…

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October 2, 2006

United States
Daniel Gross is right …

The increase in the interest bill of the US government is an underreported story.   The CBO reports that FY 2006 interest payments will be about $40b more than FY 2005 payments.  And that trend is se…