China vs. America: Which Is the Developing Country?

From new roads to wise leadership, sound financials and five-year plans, Beijing has the winning approach, says Robert Herbold, the chief operating officer of Microsoft, in the WSJ.

America Reaches Its Demographic Tipping Point

Read the Brookings newsbrief here.

Event in Brussels: The making of America's debt crisis and the long recovery

The U.S. economy lost the first decade of the twenty-first century to an ill-conceived boom and subsequent bust. It is now in danger of losing another decade to the stagnation of an incomplete recovery. How did this happen? In their forthcoming book, which will be presented at this event, Jeffry A. Frieden (Harvard) and Menzie D. Chinn explain the political and economic roots of this crisis, as well as its long-term effects. They explore the political strategies behind the Bush administration’s policy of funding massive deficits with foreign borrowing. In addition, they show that the crisis was foreseen by many and was avoidable through appropriate policy measures. Finally, they examine the continuing impact of the huge U.S. public debt in the ongoing slow recovery from the recession.

Subscribe for this event in Brussels here.

Time for a double dip?

A lousy debt deal, rising fears of a recession, the danger of longer-term stagnation: America’s outlook is grim. Read the complete article in The Economist here.