SPECIAL SERIES
2009 Year End Series
The past two years have witnessed the worst economic crisis since the 1930’s. While the international conflicts of the Bush era continued to fester, the crisis also accentuated tectonic shifts of political and economic power from the developed West to the rising countries of Asia. In addition to reviewing the main events of 2009 and forecasting major economic and political developments for 2010, Project Syndicate’s special year-end supplement will canvas these seismic upheavals.
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Europe’s Rising Global Role
Jose Manuel Barroso Series: 2009 Year End Series 2009-12-16Twenty years after the fall of the Berlin Wall and the end of the Cold War, the contours of world order remain in the making. But two “mega-trends” seem clear: the broadest and deepest wave of globalization the world has ever seen, and the rise of new world players from Asia and elsewhere.... read Comments: 0 Recommended: 0 Read: 1334
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A Time of Tests
Tony Blair Series: 2009 Year End Series 2009-12-14On the economy, climate change, and security issues, events in 2009 exposed a clash between short-term politics and the correct long-term policy. If we hope to bridge that gap in 2010, our bridge’s foundation must be a strong set of convictions.... read Comments: 0 Recommended: 0 Read: 1359
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Is the Reagan-Thatcher Revolution Over?
Martin Feldstein Series: 2009 Year End Series 2009-12-09Many people view 2009 as the year of counter-revolution against the small-government principles of privatization, low taxation, and de-regulation that motivated Ronald Reagan and Margaret Thatcher. But the dramatic policy changes in the US and Britain under Reagan and Thatcher brought about such profound improvements that there is no going back.... read Comments: 0 Recommended: 0 Read: 1130
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Globalization After the Crisis
Justin Yifu Lin Series: 2009 Year End Series 2009-12-09By the end of 2009, unemployment worldwide may stand at 219-241 million – the highest number on record – while growth in real wages, which slowed dramatically in 2008, is expected to have dropped even further. In 2010 and beyond, developing countries should draw from the lessons of counterparts like China, India, and Vietnam, which have weathered the crisis well.... read Comments: 0 Recommended: 0 Read: 878
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Our Double-Dip Future
George Soros Series: 2009 Year End Series 2009-12-09Barely a year after the bankruptcy of Lehman Brothers, financial markets have stabilized, stock markets have rebounded, and the economy is showing signs of recovery. But the growing belief that the global financial system has escaped collapse, and that we are slowly returning to business as usual, is a grave misinterpretation of the current situation. ... read Comments: 0 Recommended: 0 Read: 1995
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The Harsh Lessons of 2009
Joseph E. Stiglitz Series: 2009 Year End Series 2009-12-09The best that can be said for 2009 is that it could have been worse, that we pulled back from the precipice on which we seemed to be perched in late 2008, and that 2010 will almost surely be better for most countries around the world. But, unless we learn the lessons of this crisis, we may well be faced with another opportunity to learn them.... read Comments: 0 Recommended: 0 Read: 1140
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A Jobless Recovery?
Richard Freeman Series: 2009 Year End Series 2009-12-09The big losers from this economic disaster are workers in the advanced countries that bought into the laissez-faire flexibility of American-style capitalism. As we have learned from the current, finance-driven recession, the view that "flexibility" – weak unionization, limited legal job protection, and high turnover – is the key factor in boosting employment is no longer tenable. ... read Comments: 0 Recommended: 0 Read: 956
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A Sustainable Housing Recovery?
Robert J. Shiller Series: 2009 Year End Series 2009-12-09Home prices in the US rebounded strongly over the course of 2009, and similar recoveries have been underway in Australia, the UK, Hong Kong, Korea, Singapore, Sweden, and elsewhere. But home prices remain unhinged from economic fundamentals, which suggests that volatility, not smoothly rising prices, will be the order of the day in housing markets in 2010.... read Comments: 0 Recommended: 0 Read: 1105
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The IMF’s New Direction
Dominique Strauss-Kahn Series: 2009 Year End Series 2009-12-09Roughly one year ago, the global economic situation looked grim: a severe global recession, massive wealth destruction, and declines in trade and employment. But a disaster of “Great Depression” proportions was averted, thanks to unprecedented economic-policy coordination by governments around the world, with the IMF now set to help ensure that it continues.... read Comments: 0 Recommended: 0 Read: 1030
| The Middle East’s Democratic F-Words | Mai Yamani 
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