Eurasia Group's weekly selection of essential reading for the political risk junkie -- presented in no particular order. As always, feel free to give us your feedback or selections via @EurasiaGroup or @IanBremmer.
Is the world adequately prepared for a global pandemic? With the first H7N9 bird flu case surfacing outside of mainland China this week, we may find out sooner than we'd like.
Peter Blair Henry, Newsweek
Where have we seen countries flout the traditional rules of economic growth? From 1965 to 1990, South Korea ran trade deficits yet grew by 7.1 percent per year -- three times faster than the United States after World War II.
Richard Fry and Paul Taylor, Pew Research
Is "7-percenters" the new buzzword? From 2009 to 2011, the upper 7 percent of households' aggregate share of total U.S. household wealth rose from 56 to 63 percent. For most Americans, the recent economic recovery hasn't been a resurgence at all.
Neil Irwin, Wonkblog, The Washington Post
"Grand bargain" deficit reduction in Washington is no longer as urgent. In 2009, the budget deficit was 10 percent of GDP. Over the first three months of this year, Goldman Sachs pegs it at 4.5 percent -- and predicts it will fall below 3 percent by fiscal year 2015.
Charles C. Mann, The Atlantic
What if there is no peak oil? Is that necessarily a good thing? This essay is worth reading as much for its anecdotes, factoids, and historical perspective as for its underlying arguments.