Dick Beason takes issue with Clyde Prestowitz's argument that government action, not free markets, beat the Japanese juggernaut.
For every totally out-of-the-blue crisis that seizes the international agenda, there are some that everyone should have seen coming. Here are five foreign-policy stories to watch in 2011.
European leaders need to stop whinging and start solving their debt crisis for real.
Global Thinker No. 26 Raghuram Rajan's look at the fissures that brought about the global financial crisis -- and which are still at work today.
From the new afterword to Andrew Ross Sorkin's classic tale of the financial crisis, recommended by several FP Global Thinkers: Have we learned anything from our failures?
The G-20 summit failed to solve the international currency war -- and it may soon be escalating.
The Federal Reserve just announced that it would buy $600 billion in government bonds over the next eight months. Some say it isn't enough, others say it could ruin the world's financial system, and the Fed says it's just right.
Argentina's high-stakes former president Nestor Kirchner will continue to be larger than life, even in death.
As the G-20 finance ministers gather in South Korea, trade is returning but currency wars are brewing. Can they agree to cooperate before protectionist urges tear them apart?
How Obama can save the fragile economy from going back into a tailspin.
The legendary central banker speaks with FP about family values, what went wrong with big finance, and why baseball is to blame.
What would the world's economics Nobel Prize laureates make of Barack Obama's response to the financial crisis?
As the global economic recovery staggers, countries are lurching toward unilateral solutions that will only make us all worse off. It's time for the world to come together and produce real answers.
The world's central banks are at war. What does that mean for the rest of us?
China's teetering on the verge of its own lost decade, and a meltdown in Beijing would make Japan's economic malaise look like child's play.
U.S. lawmakers are moving swiftly to enact punitive tariffs on China. But American companies doing business in China believe there's a better way to rebalance the world economy.
No amount of hectoring by Barack Obama is going to change the calculus of Chinese leaders. An undervalued currency may be critical to their very survival.
Saudi Arabia's Al-Waleed bin Talal is back in the spotlight for allegedly being one of the financiers behind the planned Islamic center in downtown Manhattan. Here are 10 things that you should know about the colorful royal.
Nine years after 9/11, getting between extremist groups and their funding remains an uphill struggle.
China's foreign-policy ambitions could change the way it spends its money abroad.
The U.S. Treasury is far more willing and equipped to make sanctions truly biting.
The bailout may soothe markets, but it won't fix the fundamental problems that have pushed Greece, Spain, Portugal, and Italy to the brink.
When Jacqueline Novogratz first traveled to Africa in 1986, she meant business -- the serious business of sharing her entrepreneurial know-how with the poor. Now, the founder of the Acumen Fund, a nonprofit venture capital firm that works in developing countries, tells FP why she first went abroad and why it's time to end the culture of handouts.