Kemal Derviş, former Minister of Economic Affairs of Turkey and former Administrator for the United Nations Development Program (UNDP), is Vice-President of the Brookings Institution.
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Kemal Derviş
Commentaries by Kemal Derviş
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Balancing the Technocrats
ISTANBUL – A simplistic (actually, naive) view of markets is that they exist almost in a “state of nature,” and that the best of all worlds …
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Economic Policy’s Narrative Imperative
WASHINGTON, DC – The best advice I received when taking up policymaking responsibilities in Turkey more than a decade ago was to take “a lot…
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The Great Disconnect
PARIS – Since the second half of 2012, financial markets have recovered strongly worldwide. Indeed, in the United States, the Dow Jones indu…
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David Cameron’s European Spaghetti Bowl
WASHINGTON, DC – British Prime Minister David Cameron’s “Europe” speech, delivered on January 23, was powerful, polished, contained a bold v…
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The Centrists Cannot Hold
WASHINGTON – In most advanced democracies, a large center-right party competes with a large center-left party. Of course, the extent to whic…
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Should Central Banks Target Employment?
WASHINGTON, DC – On December 12, US Federal Reserve Chairman Ben Bernanke announced that the Fed will keep interest rates at close to zero u…
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The Second Coming of Barack Obama
WASHINGTON, DC – The race was tough, but US President Barack Obama has won re-election. The question now, for the United States and the worl…
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Back to the Brink for the Eurozone?
ISTANBUL – When European Central Bank President Mario Draghi announced in late July that the ECB would “do whatever it takes” to prevent so-…
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Europe’s Vital French Connection
PARIS – In the debates raging over the future of the European Union and the eurozone, Germany always takes center stage. It has the largest …
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Mario Draghi’s Guns of August
WASHINGTON, DC – August has been a dangerous month in European history, but this year it could be the turning point for the eurozone – and p…
Balancing the Technocrats
Kubilay M. Öztürk: Well, the underlying argument - the elusive-balance between free markets and government - is hardly new. The observation that technocrats have come to the fore in dictating long-term government policy…
Balancing the Technocrats
Manuel Gomes Samuel: Mr. Dervis, you are right! This is a complex issue, there is an implicit need to strike some balance between the fluctuant will of the people and stable scientific knowledge. Looking at the example yo…