Member Views

Mapping Carbon Neutrality from Words to Deeds

Who would have thought that after 30 years since the UN Convention on Climate Change, the gap between the agreed goals, and delivery on them remains so wide, and that consequently global warming continues unabated?

Xi Should Use His Sway Over Putin to Push Him to the Negotiating Table with Ukraine

BWC vice-chair William R. Rhodes writes in the South China Morning Post that Xi Jinping should "use his influence with Putin to push him to the negotiating table... after Ukraine’s counteroffensive."

China needs to change its "platitudes into a workable deal".

Decline of globalisation will make our planet less prosperous and more unliveable

o The unfolding trade, tech and cold wars between the US, China and their allies risk eroding the international rules-based architecture
o Without a system for connection and exchange, economies will shrink, cooperation will wither and global crises will mount

How China Can Learn from Mistakes in US Oversight

BWC vice-chair William Rhodes argues that "regulatory oversight of regionally significant firms is maintained, not weakened" and that "we should remember the late Paul Volcker’s maxim that a central banker is a supervisor, not a bankers’ friend."

Time for China to Use Its Influence with Putin to Create Room for Peace

"If China wants to lead," writes BWC vice-chair Bill Rhodes in an op-ed for the South China Morning Post, "the country should do so on Ukraine by creating pressure for and room for a deal, rather than siding with the aggressor and sliding into being an active military supplier to Russia."

China must shield the rest of its economy from the property contagion

The Bretton Woods Committee is proud to Member Spotlight a recent opinion article authored by BWC Vice-Chair William Rhodes and Group of 30 Executive Director Stuart Mackintosh. The article emphasizes the imperative for China to safeguard the broader economy from the property contagion. Their suggestions include advocating for short-term resilience and endorsing Beijing's consideration of allowing developers to face consequences.

Avoiding the pain of China’s housing crisis risks infecting the wider economy

o The growing housing crisis threatens to spread like previous financial contagions and damage economies across the globe
o Policymakers need to let poor performers suffer the consequences of bad bets while looking after solvent banks and enacting land and property reforms

U.S. Secretary of Commerce Gina Raimondo Appoints Members of U.S. Investment Advisory Council (IAC)

Today, U.S. Secretary of Commerce Gina Raimondo announced the names of 34 international business and economic leaders who will advise the Secretary of Commerce on how government policies and programs affect the United States’ ability to attract and facilitate foreign business investment. Jonathan R. Everhart, CEO, Global ReEnergy Holdings and BWC member was appointed.

The United States vs. China: The Quest for Global Economic Leadership

China’s dramatic growth and its implications for the world economy have fueled new books at a pace commensurate with the subject

A recent wave includes an important book by Fred Bergsten, founder of the Peterson Institute for International Economics and an established Washington elder on global economics

The Global Currency Power of the US Dollar: Problems and Prospects

When the COVID-19 pandemic triggered a “risk-off” flight of capital in the spring of 2020, private investors and financial institutions turned to US Treasury bonds as the alternative “safe asset.” The retreat from financial markets was soon reversed, in part because of the Federal Reserve’s formidable response to the threat of a global financial collapse. Fifty years after President Richard Nixon cut the link between gold and the dollar reserves held by foreign central banks, the US dollar continues to play a predominant role in the global financial system, with enormous spillover effects for US monetary policy.