Scientific and technological innovation may be necessary for the productivity growth that enriches societies, but it is not sufficient. Without
Focus on Productivity, Not Technology
Continue Reading
Politics
India and the Global Balance of Power
Great power politics now include India. But will India tip the balance?
Has Putin Lost Russia?
Vladimir Putin’s greatest nightmare has come true, with Russia having been brought to the brink of civil war. Even if a massacre of the
Russia’s New Rasputin
The chief of the feared Wagner Group, Yevgeny Prigozhin, has been attacking Russia’s top military brass and warning that ordinary Russians,
The Myth of Western Decline
In recent years, China has capitalized on the G7’s diminishing share of global GDP to proclaim the superiority of its one-party system over
In Defense of Industrial Policy
At a time of rising geopolitical tensions and supply-chain fragmentation – when national-security considerations are shaping economic policy,
Xi of Arabia
After decades of heeding Deng Xiaoping’s advice to “hide its strength, bide its time, never take the lead,” China has apparently decided
Why Ukraine Matters
Although Florida Governor Ron DeSantis has walked back recent remarks claiming that America has no important stake in the outcome of Russia’s
The Sino-Indian Rivalry Is Reshaping Asia
By standing up to Chinese territorial encroachments, India has openly challenged Xi Jinping’s expansionism in a way that no other world
China’s Abandoned Illusion of High Growth
China is moving away from growth for growth’s sake. Instead, the focus is on balanced growth and macroeconomic stability.
A BRICS Threat to the Dollar?
Chatter that the dollar is about to be displaced as the world’s primary reserve currency are misplaced. The issue is not so much the strength
A Bank Murder Mystery
The primary lesson learned from recent banking stress is that banks are fundamentally risky ventures. Regulation must be improved and strengthened.
In Search of a New Political Economy
The late-twentieth-century assumption that democracy and markets would ultimately triumph everywhere has since been met by an intellectual
A Reality Check for the Renminbi
While China has made great strides in internationalizing its currency, the goal of dethroning the US dollar is still far off. To undermine
In Defense of Nature-Based Carbon Markets
Though carbon-offset schemes are riddled with complexity, there is no question that they pay for something that matters. Far from being a
Putin and Trump in the Dock?
The recent indictments of Russian President Vladimir Putin and former US President Donald Trump highlight the law’s growing, and potentially
Crises of Uncertainty
National governments’ responses to the latest banking crisis confirm once again that some countries play by different rules than others.
A Tale of Two Banks
Is the Fed is losing control over the money supply and inflation in its efforts to combat the banking crisis?
Belonging, COVID, and Students
It has been three years since COVID shut down schools, and we are still learning about the profound impact it has had on our youngest generations.
How China Benefits from Another US Banking Crisis
Today, we are witnessing a potentially lethal interplay between two sources of tension: a financial crisis, reflected in the failure of Silicon
America’s Interest in Ending the Ukraine Crisis
After more than a year of fighting, it is clear that neither side in the Russia-Ukraine war can win on the battlefield. A negotiated ceasefire
What Next?
The ongoing banking crisis is an opportunity to rethink whether we even still want or need to have banks.
Revisiting America’s War of Choice in Iraq
Wars are fought not only on the battlefield but also in domestic political debates and in histories written after the fact. In the case of
Who Is to Blame for the New Banking Crisis?
In 2018, US lawmakers loosened banking regulations on the spurious grounds that smaller banks do not pose systemic risks to the stability