WEEKLY SERIES

INTERNATIONAL ECONOMICS

STRATEGIC SPOTLIGHT

GLOBAL FINANCE

ECONOMICS OF DEVELOPMENT

ECONOMIC AND REGULATORY POLICY

ECONOMIC HISTORY

ECONOMIC PERSPECTIVES

PUBLIC INTELLECTUALS

GLOBAL OUTLOOK

REGIONAL EYE

SPECIAL SERIES

PROJECT SYNDICATE

COMMENTARIES

COMMENTARIES

  • An Open Letter to America's Democratic Presidential Candidates

    Series: The World in Words
    2004-01-30
    Gentlemen, ... read
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  • Why Castro Survives

    Series: Latin America
    2004-01-29
    In a rehearsal studio, a young Cuban ballet dancer turns through the air, pivoting as though some invisible power has unfurled him in an arc. Then, without pause, he leaps once, twice, and I gasp at the height of his grandes jetés and then gasp again because his pointed toe is heading right for a barre . ... read
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  • Democracy at Bay

    Series: The Worldly Philosophers
    2004-01-28
    Is the democratic tide reversing? Little more than a decade ago, people spoke of the end of history, of the final, unchallengeable triumph of free markets and democracy. But public opinion in a number of countries now seems to be turning against democracy, argues Bronislaw Geremek, Poland's former foreign minister, and proposes ways in which this trend might be reversed. ... read
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  • Brazil Breaks Out

    Series: Economics and Justice
    2004-01-28
    The biggest hidden story in international development these days may be Brazil's economic takeoff. Two years ago, Brazil's economy was left for dead, and the election of Worker Party candidate Luiz Inácio "Lula" da Silva as President was widely expected to trigger financial collapse. ... read
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  • Is Iraq the Next Afghanistan?

    Series: Islam
    2004-01-27
    At the onset of the US-led war in Iraq, two competing views shaped predictions about the outcome. The first contended that overthrowing Saddam Hussein's regime would usher in a democratic era in Iraq that would serve as a model and catalyst for democratic change regionally. ... read
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  • A Tricky Trade Treaty

    Series: A Window on Russia
    2004-01-27
    When is a free-trade agreement bad? When the treaty's underlying purpose is neither about trade nor freedom. ... read
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  • Capitalism's High Noon

    and Series: Transatlantic Perspectives
    2004-01-26
    Europe's Enron-induced schadenfreude is kaput. Last year's Vivendi and this year's Parmalat scandals have seen to that. Europe, like America - indeed, like the entire capitalist world - must now become more hawkish in demanding prosecution and punishment of bosses who loot their companies. ... read
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  • Is America an Empire?

    Series: Of Might and Right
    2004-01-26
    Three decades ago, the radical left used the term "American empire" as an epithet. Now that same term has come out of the closet: analysts on both the left and right now use it to explain - if not guide - American foreign policy. ... read
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  • Taiwan's Democratic Taunts

    Series: China World
    2004-01-22
    Taiwanese President Chen Shui-bian's recent call for a law enabling popular referendums quickly turned into an international crisis. China, fearing that the law could be used to move Taiwan towards independence, reacted strongly even before the referendum bill was approved by the Legislative Yuan, Taiwan's parliament. ... read
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  • Wild about Risk

    Series: Finance in the 21st Century
    2004-01-22
    Most people do not feel the same impulse to go out and buy insurance, or diversify their investments, as they do to buy a sofa or new clothes. They should, but they don't. Insurance, investment, and banking institutions have historically had to fight an uphill battle to get individuals, businesses, and government to pay for risk management. Their successes, while impressive, remain incomplete: people still have difficulty facing the inherent risks and uncertainties about their economic future. ... read
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  • The New Face of Fascism

    Series: The World in Words
    2004-01-21
    Extreme-right and post-fascist parties, whose rising popularity caused alarm across Western Europe a few years ago, seem to be fading from the electoral scene. But does this mean that political radicalism, extreme-right sentiments, and fascism in Europe are dying out? ... read
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  • Sustainable Medicine

    Series: Health and Medicine
    2004-01-20
    There is hardly a developed country where health care reform has not become a kind of chronic disease of modern medicine: as soon as some reforms are implemented, a call comes for yet another round. Costs continue to climb, but nothing seems to contain their growth for very long. ... read
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  • Ending International Occupation

    Series: Human Rights
    2004-01-20
    To state the obvious, military/political occupations and international oversight of a country are never welcome to the people who are being occupied and/or overseen. For a while, they grin and bear it, sometimes recognizing the necessity of the loss of sovereignty that they are enduring. But their tolerance inevitably fades - and fast. ... read
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  • The Richest Get Richer

    Series: Anatomy of the Global Economy
    2004-01-19
    Card-carrying neo-liberals like me, who pushed for opening capital flows wide in the early 1990's, had a particular vision in mind. But the future that we hoped for did not come to pass. ... read
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  • Reforming Employment Protection

    Series: European Economies
    2004-01-16
    There may be no labor market institution more controversial than employment protection regulation--the complex set of laws and procedures that govern how firms hire and fire workers. ... read
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  • Democracy Without Democrats

    Series: Against the Current
    2004-01-16
    The philosopher Karl Popper had ample reason to propose a precise definition of democracy. Democracy, he said, is a means to remove those in power without bloodshed. Popper's preferred method, of course, was the ballot box. ... read
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  • Ending the Islamic Democracy Deficit

    Series: The World in Words
    2004-01-16
    Despite encouraging signs, it is impossible to ignore a "democracy deficit" in the Muslim world, especially the Arab part of it. Only one of every four countries with Muslim majorities has a democratically elected government. Worse yet, the gap between Muslim countries and the rest of the world is widening. ... read
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  • Europe's Dollar Envy

    Series: Frontiers of Growth
    2004-01-14
    Currencies can become the focus not just for commercial transactions, but for diplomatic and political wrangles. When this happens, commercial transactions become more difficult and subject to greater uncertainty. The politicization of money during the interwar depression was economically devastating. But there have been more recent occurrences of nasty currency wars. ... read
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  • Making Peace Between Darwinism and Christianity

    Series: Science and Society
    2004-01-08
    Are science and religion fated to mutual enmity? Every schoolchild learns how Galileo was forced to his knees to recant his belief that the earth revolves around the sun, or how the Church was up in arms again in 1859, when Charles Darwin published On the Origin of Species , arguing that all living organisms, including humans, result from a long, slow process of evolution. Today, especially in America, many Christians, so-called Creationists, still argue that mankind's origins are to be found in the early chapters of Genesis, not in any scientific discovery. ... read
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  • America Should Not Lower the Nuclear Threshold

    Series: The World in Words
    2004-01-06
    President Bush has pushed stopping the spread of nuclear weapons to the top of the international agenda. Ironic, then, that America's nuclear weapons development program may promote the very proliferation it seeks to prevent, as US Senator Dianne Feinstein explains. ... read
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  • Fear and Loathing in Russia and Georgia

    Series: A Window on Russia
    2004-01-03
    Mikhail Saakashvili's victory in Georgia's presidential election was the predictable culmination of November's "Revolution of the Roses," which forced Eduard Shevardnadze to step down after more than a decade in power. A more complicated question is what Georgia's northern neighbor, Russia, should expect from the new power triumvirate of Saakashvili, Nino Burdzhanadze, and Zurab Zhvania. ... read
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  • How the French Plunder Africa

    Series: Into Africa
    2004-01-02
    France's unchallenged political, economic, and military domination of its former sub-Saharan African colonies is rooted in a currency, the CFA franc. Created in 1948 to help France control the destiny of its colonies, fourteen countries--Benin, Burkina-Faso, Ivory Coast, Mali, Niger, Senegal, Togo, Cameroon, Central African Republic, Congo, Gabon, Equatorial Guinea, Bissau Guinea, and Chad--maintained the franc zone even after they gained independence decades ago. ... read
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  • Cheap Talk in Kashmir

    Series: The Asian Century
    2004-01-01
    After two years of off-and-on nuclear brinkmanship, India and Pakistan are once again talking about how to settle their differences rather than issuing threats and rattling nuclear sabers. But do the talks now underway have any better chance of success than the countless failed negotiations that have marked the past fifty years? ... read
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  • Globalization and Its Discontents in 2004

    Series: Unconventional Economic Wisdom
    2004-01-01
    The year 2003 was in many ways a disaster for globalization. America and its "coalition" of the willing went to war in Iraq without the support of the UN, and the World Trade Organization meeting at Cancun--which was supposed to provide the impetus for a successful conclusion of the Development Round of trade negotiations--ended in failure. 2004 will almost surely be better, for political globalization as well as for the global economy. But don't look for a banner year. ... read
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