Finance

The List

The Stories to Watch in 2011

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.

Cameron Abadi |

Argument

Spain on the Verge of a Nervous Breakdown

European leaders need to stop whinging and start solving their debt crisis for real.

Edward Hugh |

EXCERPT

Fault Lines

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.

Raghuram Rajan |

EXCERPT

Looking Back on Too Big to Fail

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?

Andrew Ross Sorkin |

Feature

The Fourth Wave

Can the world avoid a fresh crisis?

Ian Bremmer |

Feature

The African Miracle

How the world's charity case became its best investment opportunity.

Norbert Dörr |

Argument

The Long Currency War

The G-20 summit failed to solve the international currency war -- and it may soon be escalating.

Kati Suominen |

Argument

Fool's Gold

Why the idea of a gold standard is best relegated to the dustbin of history.

Mark T. Williams |

Argument

The Goldilocks Number?

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.

Phil Levy |

Dispatch

Death of a Gambler

Argentina's high-stakes former president Nestor Kirchner will continue to be larger than life, even in death.

Anna Petherick |

Argument

The Return of Globalization

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?

Gary Hufbauer |

Feature

Avoid the Double Dip

How Obama can save the fragile economy from going back into a tailspin.

Nouriel Roubini |

In Box

Epiphanies from Paul Volcker

The legendary central banker speaks with FP about family values, what went wrong with big finance, and why baseball is to blame.

Benjamin Pauker |

Argument

The Ghost of Economics Past

What would the world's economics Nobel Prize laureates make of Barack Obama's response to the financial crisis?

Thomas Karier |

Argument

Divided We Fall

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.

Charles Dallara |

Argument

Financial Shock and Awe

The world's central banks are at war. What does that mean for the rest of us?

Barry Eichengreen |

Argument

The Japan Syndrome

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.

Ethan Devine |

Argument

The Wrong Way to Deal with Beijing

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.

John D. Watkins Jr. |

Argument

China Won't Revalue the Yuan

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.

John Lee |

Backstory

The Billionaire Prince

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.

Simon Henderson |

Argument

Europe Gets It Right

The continent's surprising comeback.

Kurt Volker |

Feature

Bank Shot

Nine years after 9/11, getting between extremist groups and their funding remains an uphill struggle.

Christian Caryl |

In Box

Bubble Bath

People didn't drown the markets; a bad system did.

Chrystia Freeland |

Argument

Beijing's Billions

China's foreign-policy ambitions could change the way it spends its money abroad.

Evan A. Feigenbaum |

Argument

The State Department Can’t Be Trusted with Iran Sanctions

The U.S. Treasury is far more willing and equipped to make sanctions truly biting.

Jonathan Schanzer |

Argument

Europe Bought Time and Not Much Else

The bailout may soothe markets, but it won't fix the fundamental problems that have pushed Greece, Spain, Portugal, and Italy to the brink.

Uri Dadush |

Argument

Goldman Envy

Wall Street's copycats are even worse than the original.

Suzanne McGee |

In Box

Epiphanies: Jacqueline Novogratz

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.  

Elizabeth Dickinson |

Argument

Beijing Is Key to Creating More U.S. Jobs

How China's unfair currency policies are exporting unemployment all over the world -- and why baby steps won't solve the problem.

C. Fred Bergsten |

Argument

How Iraqi Oil Is Changing the World

OPEC could be in for a serious shake-up.

Stephen Glain |