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Begin New Search Topic Financial Crisis Author Uri Dadush

1. Global Rebalancing: The Dangerous Obsession

Author:
Uri Dadush
Publication Date:
02-2011
Content Type:
Policy Brief
Institution:
Carnegie Endowment for International Peace
Abstract:
The current emphasis on global rebalancing—which aims to reduce trade deficits and surpluses—is misguided. Trade deficits and surpluses narrowed significantly during the Great Recession, can be financed and eased over time, and are largely the result of domestic forces—making further global rebalancing unlikely. The obsession with global rebalancing stokes currency and protectionist tensions and diverts attention from what is really needed—reforms at home. Rather than focusing on global rebalancing, countries should concentrate more on fixing their domestic problems and expanding their domestic demand at the maximum sustainable rate.
Topic:
Debt, Globalization, International Trade and Finance, Global Recession, and Financial Crisis

2. Five Surprises of the Great Recession

Author:
Uri Dadush and Vera Eidelman
Publication Date:
11-2010
Content Type:
Policy Brief
Institution:
Carnegie Endowment for International Peace
Abstract:
The Great Recession included five major surprises: (1) the severity of the global trade and output collapse, (2) the United States suffered a milder than expected recession, (3) Europe saw the onset of a severe sovereign debt crisis, (4) China grew at an extraordinary rate even though it's greatly dependent on exports, and (5) Latin America showed remarkable resilience.
Topic:
Economics, Globalization, Global Recession, and Financial Crisis
Political Geography:
United States, China, Europe, and Latin America

3. Migrants and the Global Financial Crisis

Author:
Uri Dadush and Lauren Falcao
Publication Date:
12-2009
Content Type:
Policy Brief
Institution:
Carnegie Endowment for International Peace
Abstract:
More than 200 million people reside in a country that is not their birthplace. This “diaspora nation” of migrants outranks all but four of the world's countries in population. These migrants make an immense economic contribution both to their host country and to their home country, primarily through transfers of money they earn back to their home country, which are known as “remittances.” About 82 percent of migrants originate in developing countries, and their remittances, which amounted to an estimated $305 billion in 2008, represent an essential source of foreign exchange for these countries, as well as a major instrument in the fight against poverty.
Topic:
Economics, Globalization, Migration, Immigration, and Financial Crisis
Political Geography:
Russia, America, and Dubai