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EU, Onward Thursday, July 4th, 2019

The selection of candidates to lead the European Union’s top institutions has been well received. Assuming they are confirmed by the European Parliament, how should the new Eurocrats approach their jobs? In this Big Picture, Daniela Schwarzer of the German Council on Foreign Relations advises..

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The Democratic Nominee America Needs

The contenders for the US Democratic Party’s presidential nomination have held their first debates, and the main questions reverberating in political and media circles seem to be either who will be tough enough to take on President Donald Trump, or who has the headline-grabbing ideas. But there..

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Occupy Hong Kong Wednesday, July 3rd, 2019

After almost a month of massive demonstrations in Hong Kong, a subset of protesters this week forced their way into the city's legislature, leaving shattered windows in their wake. With militant elements becoming bolder, all eyes are on the city's chief executive, Carrie Lam, and her overseers in..

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Power and Interdependence in the Trump Era

US President Donald Trump has been accused of weaponizing economic globalization. Sanctions, tariffs, and the restriction of access to dollars have been major instruments of his foreign policy, and he has been unconstrained by allies, institutions, or rules in using them. According to The..

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In Praise of Demographic Decline Tuesday, July 2nd, 2019

Every two years, the United Nations issues its latest estimate of future population trends. Its 2019 projection reveals a stark divide. Across all of Asia, Europe, and the Americas, population stability has already been achieved or soon will be, with the median projection suggesting an increase..

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Thumbs Down to Facebook’s Cryptocurrency

Facebook and some of its corporate allies have decided that what the world really needs is another cryptocurrency, and that launching one is the best way to use the vast talents at their disposal. The fact that Facebook thinks so reveals much about what is wrong with twenty-first-century American..

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Does Japan Vindicate Modern Monetary Theory? Monday, July 1st, 2019

The once-obscure school of macroeconomic thought known as Modern Monetary Theory has been attracting a lot of attention lately. Some US progressives, such as Representative Alexandria Ocasio-Cortez (AOC), and economists like James K. Galbraith, now advocate including MMT in the policy conversation,..

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G20 Gyrations: Donald, Ivanka and Hollow Diplomacy

Traditional diplomacy is being given a makeover - at least where it is not being abolished altogether and being replaced by a replica of The Apprentice. US President Donald Trump’s seizure of the art has been violent and molesting. Had Roman emperors had access to Twitter and the twenty-four hour..

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Farewell, Flat World

Fifty years ago, the conventional wisdom was that rich countries dominated poor countries, and it was widely assumed that the former would continue getting richer and the latter poorer, at least in relative terms. Economists like Gunnar Myrdal in Sweden, Andre Gunder Frank in the United States, and..

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The Roots of Our Discontent Saturday, June 29th, 2019

Every spring, the Trento Festival of Economics convenes some of the world’s leading economists to discuss the issues of the day in open dialogue with one another and the public. In the following interview, the festival’s director, Italian economist Tito Boeri of Bocconi University, and Raghuram..

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Money Can’t Buy Palestinians’ Love Friday, June 28th, 2019

“Man shall not live by bread alone,” says Jesus in Matthew 4:4. But biblical wisdom seems to have been lost on the organizers of the economic conference held on June 25-26 in Bahrain, where Jared Kushner, US President Donald Trump’s son-in-law and key foreign-policy adviser, finally presented..

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America’s Economic Blockades and International Law

US President Donald Trump has based his foreign policy on a series of harsh economic blockades, each designed to frighten, coerce, and even starve the target country into submitting to American demands. While the practice is less violent than a military attack, and the blockade is through financial..

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Putin Doesn’t Care About Economic Growth Thursday, June 27th, 2019

Even Russian President Vladimir Putin’s most loyal followers would have to admit, if only to themselves, that this year’s televised call-in program – an annual event during which he responds to citizens’ questions directly – went worse than ever before. Citizens wanted to know why their..

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Why Despair Is Beating Hope

Wherever one looks – the media, political leaders’ rhetoric, or online discussions – one finds a bias toward bad ideals. This is not to suggest that we (or most of us) endorse, say, racism, misogyny, or homophobia, but rather that we grant them efficacy. We believe that extremist ideals must..

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Bad News for the World’s Poorest Wednesday, June 26th, 2019

The global economic mood is souring. At their meeting in Fukuoka, Japan, earlier this month, G20 finance ministers and central bank governors warned that economic growth remains weak, with risks still tilted to the downside. Just a few days before that gathering, the World Bank had lowered its 2019..

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Three Lessons from the Hong Kong Protests

The massive protests in Hong Kong in recent weeks have demonstrated the depth of its citizens’ determination to uphold their democratic way of life – something they were supposedly guaranteed when the United Kingdom returned sovereignty over the city to China in 1997. Moreover, the protests..

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Is Economic Development the Key to Mideast Peace?

At a workshop this week in Bahrain, White House Senior Adviser Jared Kushner presented an ambitious economic-development initiative for the Palestinian people. The Trump administration’s hope is that its Peace to Prosperity proposal will untie the Gordian knot of the Israeli-Palestinian conflict,..

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A Living Wage for Capitalism Thursday, November 14th, 2019

At 3.6%, unemployment in the United States remains near its lowest level since the late 1960s. There are even signs that people who had previously dropped out of the..

Kalapani Belongs To Nepal Wednesday, November 13th, 2019

China’s Risky Endgame in Hong Kong Wednesday, November 13th, 2019

America’s Feeble Indo-Pacific Strategy Tuesday, November 12th, 2019

Europe on a Geopolitical Fault Line Tuesday, November 12th, 2019