While much maligned back home, Britain's Chancellor of the Exchequer Gordon Brown is fast becoming a serious force in international policy circles. The G7's idea man. By Janet Bush Britain, America's 51st State A sometimes fictional lay of the land. With budget deficits raging, Japan has only one choice to save its bond market. And it's not monetizing the debt.
Japan can never recover until the yen- dollar rate is permanently stabilized.
It's time China's economic strategists abandon their outdated obsession with inflation and address what's really haunting the system. The New Populism Experiments in Venezuela, Peru, and even Russia point the way toward a new and surprising political paradigm. The real story is the growing role of services exports. The new united Euopre can never be a full partner with the U.S. until it truly understands how economies expand.