Globalization is not dead. But it is evolving. And it can still be shaped for the betterment of all.
Fact-Checking the Deglobalization Narrative
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Inflation as a Political Power Play Gone Wrong
A half-century long strategy, led by corporations, Wall Street, governments, and central banks, is coming undone. As a result, the West’s
Climate-Impact Disclosure Is Common Sense
The momentum behind mandatory climate-risk disclosure is building globally. By acting now on its own proposed rule change, the US Securities
Why the US Federal Reserve’s Options Are Limited
The US Federal Reserve’s Federal Open Market Committee ought to announce a rate increase that is large enough to bring its policy rate
The Virus Is Still Winning
Despite the rapid development of COVID-19 vaccines and treatments to reduce mortality, the elderly, the immunocompromised, and other vulnerable
The Supply Solution to Stagflation
According to the World Bank’s latest forecast, global growth is projected to slow by 2.7 percentage points between 2021 and 2024 – more
Economic Consequences of a Ukraine Peace
The demand that Russia pay reparations for its unprovoked war in Ukraine is morally compelling. But Russia would be less likely to reconcile
Surviving a Future of Extreme Heat
Unprecedented extreme-heat episodes like the heatwave in India and Pakistan this spring and the 2021 heat dome in the Pacific Northwest are
Don’t Bet on a Soft Landing
With “Team Persistent” having clearly prevailed over “Team Transitory” in the debate over the nature of today’s surging inflation,
How Global Food Crises Work
As if the immediate food shortages created by Russia’s war in Ukraine were not bad enough, the disruption to this year’s harvest means
The Case for Nordic and NATO Realism
To be a realist in international relations is to accept that some states are more sovereign than others. “Strict realism” now requires
Realizing Africa’s Sustainable Energy Future
Without international support, including investment at scale, African countries will not be able to expand energy access to all and still
Will US Inflation Lead to Recession?
Sadly, principled statesmen and women who can forge bold, morally consistent responses to today’s global problems are in short supply.
Kofi Annan’s Lessons in Global Leadership
Sadly, principled statesmen and women who can forge bold, morally consistent responses to today’s global problems are in short supply.
Beware a Global Economy with Little Fires Everywhere
Rich countries have shown impressive unity in helping Ukraine counter the Russian invasion. They now need to demonstrate the same level of
A Better Globalization Might Rise from Hyper-Globalization’s Ashes
With the end of post-1990s hyper-globalization, scenarios for the world economy run the gamut. In the best case, achieving a better balance
When Does Inflation Stop?
To understand the increase in consumer price inflation around the world, one must look not only at supply and demand but also at the wedge
Europe’s Gas Conundrum
If Europe is willing to pay the price of expensive LNG imports, it could severely undermine Russia’s ability to earn hard currency via gas
The Fed Does Not Deserve All the Inflation Blame
The US Federal Reserve certainly bears its share of responsibility for the great inflation of the 2020s. But powerful political pressures
Friends Without Benefits
By calling for supply chains to be shifted away from strategic rivals, US Secretary of the Treasury Janet Yellen has implicitly rejected the
Will Western Sanctions Change the Global Financial System?
Western countries’ increased use of financial sanctions as a weapon of war has created a new incentive for China and other countries
The Growing Threat of Global Recession
With luck, the risk of a synchronized global downturn will recede by late 2022. But for the moment, the odds of recession in Europe, the United
The Growth Engines Are Sputtering
The International Monetary Fund’s significant downward revision to its 2022 World Economic Outlook, just one quarter into the calendar year,
This Inflation Is Demand-Driven and Persistent
Although inflation has risen sharply for multiple reasons, increased demand is by far the most important factor. The common argument about