Top Menu

Author Archive | Mark Weisbrot

When China Overtakes the United States

Various observers have noted this week that China’s economy will be bigger than that of the United States in 2016.  This comes from the International Monetary Fund’s (IMF’s) latest projections, which were made in its semi-annual April World Economic Outlook database.  Since 2016 is just a few years away, and it will be the first […]

Continue Reading

Haiti Resists US Pressure, Announces Aristide Can Return

It didn’t get much attention in the media, but U.S. Secretary of State Hillary Clinton did something quite surprising on Sunday.  After taping interviews on five big Sunday talk shows about Egypt, she then boarded a plane to Haiti.  Yes, Haiti.  The most impoverished country in the hemisphere, not exactly a “strategic ally” or a […]

Continue Reading

Aristide Should Be Allowed to Return to Haiti

Haiti’s infamous dictator “Baby Doc” Duvalier returned to his country this week, while the country’s first elected President, Jean-Bertrand Aristide, is kept out.  These two facts really say everything about Washington’s policy toward Haiti and our government’s respect for democracy in that country and in the region. Asked about the return of Duvalier, who had […]

Continue Reading
Figure 1

Haiti’s Fatally Flawed Election

Executive Summary Before Haiti’s November 28 election was held, its legitimacy was called into question because of the exclusion of over a dozen political parties from the election — including Haiti’s most popular political party, Fanmi Lavalas.  The ban on Fanmi Lavalas was analogous to excluding the Democratic or Republican Party in the United States. […]

Continue Reading

European Authorities Pushing Ireland Down the Wrong Track

As another one of the so-called “PIIGS” countries is being led to the slaughterhouse, it is worth asking whether all the carnage advocated by the European authorities is really necessary.  Ireland is in its third year of recession and income per person has already declined by more than 20 percent since 2007.  Unemployment has more […]

Continue Reading

G-20 Barking Up the Wrong Tree

If the G-20 is going to be nothing more than a talking shop on economic issues, they ought to at least talk about the economic problems that really matter, and the ones that they can do something about.  Not that currency values don’t matter — they are actually very important.  And it is interesting to […]

Continue Reading

Dilma’s Victory in Brazil

Like the rally led by Jon Stewart and Stephen Colbert of Comedy Central that brought hundreds of thousands of people into the streets of Washington DC on Saturday, Brazil’s election on Sunday was a contest of “Restore Sanity” versus “Keep Fear Alive.” Dilma Rousseff of the governing Worker’s Party coasted to victory against the opposition […]

Continue Reading
Figure 1

The IMF and Economic Recovery: Is Fund Policy Contributing to Downside Risks?

Introduction The IMF’s most recent World Economic Outlook (WEO) projects world economic growth will slow, from 4.8 percent in 2010 to 4.2 percent next year.  Throughout the report, there are numerous concerns expressed about the “fragility” of the global economic recovery.  The Acting Chair of the Executive Board states that “[t]he recovery is losing momentum […]

Continue Reading