Since Russia’s invasion of Ukraine nine months ago, the West has not only delivered nearly $100 billion in aid to Ukraine, but also imposed
Politics
Deglobalization Is a Climate Threat
Globalization may have fallen out of favor in recent years, but preserving it is an environmental imperative. Effective, coordinated responses
The World Cup’s Education Goal
After the Taliban returned to power in Afghanistan 15 months ago, its leaders broke their promise to allow girls to continue pursuing secondary
The Republicans Lose with Trump
For four decades after World War II, climate change and job-displacing artificial intelligence were not on anyone’s mind, and terms like
An Antidote to Climate Despair
For four decades after World War II, climate change and job-displacing artificial intelligence were not on anyone’s mind, and terms like
The Rise and Fall of the Socially Beneficial Corporation
For four decades after World War II, climate change and job-displacing artificial intelligence were not on anyone’s mind, and terms like
The Age of Megathreats
For four decades after World War II, climate change and job-displacing artificial intelligence were not on anyone’s mind, and terms like
The Entrepreneurial State Must Lead on Climate Change
As a much-touted green alliance of financial institutions crumbles, the private sector has once again proven unequal to the task of climate
The Muddled Politics of US Inflation
While today’s inflationary surge is nothing like the hyperinflationary episodes of the twentieth century, its long-term impact may reverberate
The Case for Structural Financial Deglobalization
The strengthening US dollar and rising borrowing costs have left developing and emerging-market countries between a rock and a hard place.
Who Broke American Democracy?
Democracy is premised on equality, and all citizens are supposed to have an equal chance to influence political decisions. But for too long
The Bond Vigilantes are Back
Governments are beholden to both the public via their representatives in parliamen and the financial markets. Sometimes those ‘constituents’
China Takes Center Stage
Chinese President Xi Jinping seems determined to use his unprecedented third five-year term to reshape international institutions to suit
Crime and US Mid-Term Elections
Crime, not the economy, may be the critical swing factor in the upcoming mid-term elections.
The Implementation COP
Many are calling the upcoming UN climate change conference in Egypt “Africa’s COP.” But Africans prefer to see it instead as “the
Saudi Arabia Swings Toward Russia
In the short term, Western countries seeking to counter the Kingdom’s swing-producer power could release additional strategic reserves
A New Chance for the World Bank
The World Bank should be a major vehicle for crisis response, post-conflict reconstruction, and, most importantly, for supporting the huge
The Global Recovery Winds Down
The severity of the global downturn is compounded by policy error. Avoiding a deeper slump will require a course correction.
Where Has All the Liquidity Gone?
Financial markets have become accustomed to central bank liquidity. Weaning them off won’t be easy.
The Stagflationary Debt Crisis Is Here
The Great Moderation has given way to the Great Stagflation, which will be characterized by instability and a confluence of slow-motion negative
When the Fed Stops Trying
One can debate whether there is still a narrow path by which the United States could avoid both secular stagnation and stagflation in the
No Security Without Climate Security
Climate change poses an existential threat to humanity, but the US defense apparatus has not treated it accordingly, because it does not fit
Geopolitical Davids and Goliaths
The world’s largest and most well-established powers are all stuck in traps created by their own historical obsessions – be it memories
Preparing for the Next Global Catastrophe
The end of the pandemic may be in sight, but COVID-19 could be a harbinger of future calamities. If global leaders do not establish equitable