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World Watch

Insight on what's happening beyond the United States.
100 Years of the Panama Canal John Steele Gordon 08/15/2014
One of the supreme engineering feats of the early 20th century, the canal has been an immense boon to shipping and of major geopolitical benefit to the United States.
No Free Lunch for the ECB Desmond Lachman 07/25/2014
The IMF is urging the ECB to implement massive quantitative easing, but such a course of action is unlikely to promote short-term economic growth and would risk creating bigger bubbles in many asset markets.
Capitalizing on the Capitalist Peace Alan W. Dowd 07/09/2014
The next time the United States is compelled to try to rescue and rehabilitate a broken nation, Washington needs to pay as much attention to building free markets as to holding free elections.
Europe's Energy Problem Desmond Lachman 06/20/2014
Developments in the Middle East and Ukraine show Europe needs to improve its energy policy or face serious economic consequences.
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The president’s optimistic characterization of the al Qaeda threat in South Asia is increasingly outdated.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.
 
AEI