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On Defense, France Bites the Bullet, But Avoids Strategic Insolvency May 7, 2013

Iceland’s Recovery Saga Presents Opportunities for Brussels, Washington—and Beijing May 6, 2013

Which Way Forward for Europe’s Hybrid Regimes? May 2, 2013

The Arab Revolts and the Liberal Order May 2, 2013

Events
GMF celebrates its 40 year history and Founder and Chairman, Dr. Guido Goldman at Gala Dinner May 09, 2013 / Washington, DC

GMF held a celebratory gala dinner at the United States Institute of Peace in Washington, Wednesday May 8.

Audio
Deal Between Kosovo, Serbia is a European Solution to a European Problem May 13, 2013

In this podcast, GMF Vice President of Programs Ivan Vejvoda discusses last month's historic agreement to normalize relations between Kosovo and Serbia.

Andrew Small on China’s Influence in the Middle East Peace Process May 10, 2013

Anchor Elaine Reyes speaks with Andrew Small, Transatlantic Fellow of the Asia Program for the German Marshall Fund, about Beijing's potential role in brokering peace between Israel and Palestine

Ensuring globalization after the great crisis October 13, 2010 / Kati Suominen, Gary Hufbauer
Vox

Related Regions: European Union / North America
The global crisis has rocked people’s faith in globalization. This article introduces a new book arguing that, despite taking a step back, globalization is one of the most travelled routes the world has known for spreading growth and prosperity. It provides policy recommendations for renovating that road dealing with the WTO, social security, global imbalances, and foreign direct investment.
 
In statistical terms, globalization is back. The trade rebound looks V-shaped – a drop of 12.2% in 2009 followed by a projected gain of 13.5% in 2010 (WTO 2010). Global foreign direct investment (FDI) is expected to recover to $1.2 trillion this year, after plunging from $2.0 trillion in 2007 to $1.0 trillion in 2009 (UNCTAD 2010). Financial markets have rebounded, and cross-border flows are recovering. After halving from $1.3 trillion in 2007 to $0.5 trillion in 2009, net portfolio capital flows to emerging markets will rise to an estimated $0.7 trillion this year (IIF 2010). Investors with cash are eyeing bets on Europe and the US, where good companies still go for cheap prices.
 
While the “Great Crisis” of 2008-2009 devastated the world economy and all but halted globalization, much went right. In contrast to the beggar-thy-neighbor protectionism in the 1930s, international commitments made over the past sixty years to liberalize world trade and finance, defended by thousands of vocal proponents of free markets ensconced in industry, academia, the media, and national governments, preserved the open global economy (Baldwin and Evenett 2009). To be sure, protection has erupted across the G20 like a thousand flowers, but collectively the damage was orders of magnitude less than in the Great Depression of the 1930s.
 
For the full article, please click here: http://www.voxeu.eu/index.php?q=node/5666