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World Watch

Insight on what's happening beyond the United States.
The G-7 Weighs in on SIFI Designations Peter J. Wallison 06/16/2014
The Treasury and Federal Reserve, afraid of congressional opposition, sought G-7 support for accelerated SIFI designations of capital markets firms.
The Natural Gas Boom: Questions and Complications Vaclav Smil 06/15/2014
Complex changes do not bring unalloyed benefits, and rather than adhering to a simplistic infatuation with new riches, we should recognize a number of already obvious complications and ask a number of necessary questions.
Europe in Denial Desmond Lachman 06/09/2014
Despite an electorate that is increasingly hostile to the European project and the risk that Europe could be drifting towards Japanese-style deflation, European policymakers remain complacent.
North Korea's Paradoxical Upswing in Trade Nicholas Eberstadt 06/04/2014
Never before has the North Korean economy been so totally dependent on the largesse of a single trade patron as it appears to be today.
Al Qaeda Isn’t ‘On Its Heels’ Reza Jan 05/27/2014
The president’s optimistic characterization of the al Qaeda threat in South Asia is increasingly outdated. The terrorist group is regenerating due to a pause in U.S. drone activity and the ongoing withdrawal of U.S. troops.
Are the U.S. Dollar’s Days Really Numbered? Desmond Lachman 05/19/2014
The U.S. dollar will remain the world's reserve currency because no other major currency offers such liquidity, depth of financial markets, and store of value.
Favoring 'Stability' Over Liberty in Venezuela Roger F. Noriega 05/07/2014
U.S. policy toward Venezuela is not only unjust, it’s foolish.
Disclosure: Iran’s New Diplomatic Weapon Ilan Berman 05/04/2014
In what is ostensibly intended as a confidence-building measure, Iran is preparing a ‘comprehensive document’ detailing the extent of its quarter-century-old nuclear effort. But the product won’t come quickly.
Have the Limits to Economic Growth Really Been Reached? Desmond Lachman 04/26/2014
Robert Gordon has painted a dark picture of the world’s long-run economic growth prospects. But if the past is any guide, he will likely prove to be far too pessimistic about the human capacity to innovate.
U.S. Leadership Rating Rises. Huh? James K. Glassman 04/16/2014
The objective of foreign policy is to secure the defined interests of the United States. It may appear to be easier to succeed at such an endeavor if foreigners like us, but don’t be so sure.
 
AEI