EconoMonitor

Last Days of Rome

  • How Much Unity in the United Arab Emirates?

    The quasi-default sparked by government-owned Dubai World in November–followed by somewhat tepid and only partial support from Abu Dhabi–has raised questions about the extent to which Dubai’s staggering, bubble-driven rise and fall over the past decade has upset the political foundations of the 38-year-old confederation known as the United Arab Emirates. Even as the UAE [...]

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  • Quick Thoughts on Germany, 20 Years Later

    While the events that led to fall of the Berlin Wall 20 years ago is getting a lot of attention right now, the reactions of Germany’s neighbors and the period of limbo that lasted from October 1989 until German reunification a year later get less attention. Here’s a quick sketch of the hopes and fears [...]

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  • The Rising Sun also Sets

    From Global Post: How do the Election Results Change US-Japan Relations? NEW YORK — As if Barack Obama doesn’t have enough foreign policy headaches, the United States now faces the prospect of trouble in Asia from a surprising quarter: Japan. For decades, since the post-war U.S. occupation of Japan ended in 1955, successive governments in [...]

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  • For Obama’s Diplomacy, the Going Gets Tough

    In the ten months since George W. Bush’s departure from the scene, the Obama administration has portrayed the tasks confronting it as a series of challenges stemming primarily from a miserable presidential inheritance.  From the economy to healthcare, from Russia to North Korea to Iran, words like rescue, reform, reset and reengagement are designed to drive home the point that the problem was created on someone else’s watch. This is particularly true in the geopolitical arena, one of the few places a president has wide leeway to act independently of Congress.

    For most presidents, the expiration date for this rhetorical approach is, roughly, two years—or the period between inauguration and the first mid-term election. After that, “you break it, you buy it” generally holds true. But for Barack Obama, events have conspired to vastly shorten this honeymoon. Before the end of his first year in office, Obama appears likely to face “break-it, buy-it” decisions on the nuclear threats posed by North Korea and Iran, and the war in Afghanistan, pinning the success of these diplomatic and military endeavors squarely on the president’s shoulders.

    Second Thoughts on ‘The Good War’

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  • Six Crises, 2009: A Half-Dozen Ways Geopolitics Could Upset Global Recovery

    NEW YORK, July 27 – Restoring order and stability to the global economy has been job one for the President Obama, and everyone from Hugo Chavez to the House Financial Services Committee has an opinion on how he’s doing.

    Yet even with the worst of the economic crisis behind us, geopolitical dangers lurk, some of which are of such a magnitude that the world’s economies could be sent tumbling back toward the abyss.  Here is a quick ranking of six raging global crises which could set the world’s hopes for recovery back. Any one of them, if mishandled by world leaders, could prevent the return to stability that must precede global recovery.

    First Risk: Iraq’s Relapse

    At Stake: American influence, U.S. fiscal health; oil prices, Mideast stability

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Ed Dolan Ed Dolan's Econ Blog

Edwin G. Dolan is an economist and educator with a Ph.D. from Yale University. Early in his career, he was a member of the economics faculty at Dartmouth College, the University of Chicago, and George Mason University. From 1990 to 2001, he taught in Moscow, Russia, where he and his wife founded the American Institute of Business and Economics (AIBEc), an independent, not-for-profit MBA program. Since 2001, he has taught at several universities in Europe, including Central European University in Budapest, the University of Economics in Prague, and the Stockholm School of Economics in Riga, where he has an ongoing annual visiting appointment. During breaks in his teaching career, he worked in Washington, D.C. as an economist for the Antitrust Division of the Department of Justice and as a regulatory analyst for the Interstate Commerce Commission, and later served a stint in Almaty as an adviser to the National Bank of Kazakhstan. When not lecturing abroad, he makes his home in San Juan Islands, Washington.

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