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News Release

Peterson Institute Wins "Oscar of the Think Tank World"

October 31, 2011


Washington—The Peterson Institute for International Economics is pleased to announce that it is the recipient of the 2011 Prospect Award for Best Think Tank outside the United Kingdom. British Broadcasting Corporation's Radio 4 has dubbed the annual Prospect Think Tank Awards "the Oscars of the think tank world".

"We are delighted to receive such high praise from a publication of Prospect's stature," said Peterson Institute Director C. Fred Bergsten. "We at the Institute strive to provide the highest quality, balanced, and policy-relevant research from some of the world's top experts on international economics."

Prospect said of the Peterson Institute's contributions on the challenges facing the world economy, "Among many voices in an energetic worldwide debate, none spoke with more insight and authority than the Peterson Institute for International Economics." It added that, "This year the Peterson Institute produced a steady stream of striking and influential research, including standout work on China and the eurozone debt crisis." The judges were unanimous in their decision that PIIE deserved the award.

Prospect is one of Britain's leading monthly current affairs magazines. Each issue brings together independent, and sometimes opposing, viewpoints on a wide range of subjects including politics, economics, and the arts and sciences. It blends in-depth analysis, first-person accounts, columns, fiction, and lighter pieces. Notable past contributors include Margaret Atwood, Gordon Brown, Francis Fukuyama, and Mohamed ElBaradei.

A panel of five judges selected this year's winners, based on originality and ability to influence the public policy debate, from nearly 40 nominees. The panel consisted of Bronwen Maddox, Editor and CEO, Prospect Magazine; Baroness Shriti Vadera, Former Minister, Department of Business, Innovation, and  Skills; Nader Mousavizadeh, CEO, Oxford Analytica; James Crabtree, Comment Editor, Financial Times; and Jay Elwes, Deputy Editor, Prospect Magazine.

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About the Peterson Institute

The Peter G. Peterson Institute for International Economics is a private, nonprofit, nonpartisan research institution devoted to the study of international economic policy. Since 1981 the Institute has provided timely and objective analysis of, and concrete solutions to, a wide range of international economic problems. It is one of the very few economics think tanks that are widely regarded as "nonpartisan" by the press and "neutral" by the US Congress, its research staff is cited by the quality media more than that of any other such institution. Support is provided by a wide range of charitable foundations, private corporations and individual donors, and from earnings on the Institute's publications and capital fund. It moved into its award-winning new building in 2001, and celebrated its 25th anniversary in 2006 and adopted its new name at that time, having previously been the Institute for International Economics.