Weekly Commentaries
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Hamas Comes in from the Cold
Michael Bröning
The recent unity deal between Palestine's two main factions, Hamas and Fatah, has heightened an unprecedented struggle within Hamas over the Islamist movement's course. The West now faces a choice: engage Hamas's moderates, or continue its boycott and strengthen its hardliners.
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Who Should Lead the World Bank?
Arvind Subramanian and Devesh Kapur Series: The New Global Economy 2012-02-17With Robert Zoellick departing in June as President of the World Bank, the Bank requires a new selection process that will enable it to choose the most qualified person, regardless of nationality. More importantly, it needs to identify the qualifications needed to run the Bank at a time when its role must be adapted to far-reaching global changes.... read Comments: 0 Recommended: 0 Read: 5715
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The Iranian Nuclear Threat Goes Global
Itamar Rabinovich Series: The World in Words 2012-02-16
The current drive to prevent Iran from developing a nuclear arsenal reflects two important, and interrelated, changes. From Israel’s perspective, these changes are to be welcomed, though its government must remain cautious about the country’s own role.... read Comments: 14 Recommended: 0 Read: 6746
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Capital Shrugged
Mark Spitznagel Series: The New Global Economy 2012-02-16Capitalism’s greatest strength has been its resiliency – its ability to survive the throes and challenges of crises and business cycles to fuel innovation and economic growth. Today, however, more than four years into a credit crisis, this legacy is being called into question as never before.... read Comments: 20 Recommended: 1 Read: 11901
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The Eurozone’s Fork in the Road
Mario I. Blejer and Eduardo Levy Yeyati Series: The New Global Economy 2012-02-09
The ECB's recent decision to lend unlimited funds to eurozone commercial banks at very low rates acknowledges the need to address a core drawback in the euro-architecture: the ECB itself. However the banks use the money, it is now clear that the eurozone’s future will be determined largely by the ECB.... read Comments: 5 Recommended: 0 Read: 11410
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Obama’s Middle East Malady
Zaki Laidi Series: The World in Words 2012-02-08No sooner did Barack Obama welcome home US troops from Iraq and laud that country’s stability and democracy than an unprecedented wave of violence revealed the severity of Iraq’s political crisis. Is that crisis an unfortunate exception, or, rather, a symptom of the failure of Obama’s Middle East diplomacy, from Egypt to Afghanistan?... read Comments: 4 Recommended: 0 Read: 9609
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A Strategy for Russia’s Snow Revolution
Mischa Gabowitsch Series: The World in Words 2012-02-05
So far, Russia's protesters have gotten much right: they have focused on a single demand – fair elections – and have united liberals, communists, nationalists, and otherwise apolitical citizens in a broad coalition. If their movement is to succeed, however, maintaining a commitment to non-violence is likely to be the key.... read Comments: 0 Recommended: 0 Read: 6870
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What do Egypt’s Generals Want?
Omar Ashour Series: The World in Words 2012-01-30One year after Egypt's revolution began, the country's Praetorian rulers are eager for a system in which they maintain their vast economic holdings, legal immunity, and a final say over high politics. But the generals must contend with Islamists in Parliament and pressure from the street, suggesting that a more democratic system is possible.... read Comments: 1 Recommended: 0 Read: 7021
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Demilitarizing Muslim Politics
Shahid Javed Burki Series: The World in Words 2012-01-25
The paramount question in countries as disparate as Egypt, Pakistan, and Turkey is whether Muslim governments can free themselves from their powerful militaries. To do so, they will have to overcome a tradition of governance dating from Islam’s founding in the seventh century.... read Comments: 1 Recommended: 2 Read: 8488
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New Year, Same Crisis
George Soros Series: The New Global Economy 2012-01-25The measures introduced by the European Central Bank last December have relieved the liquidity problems of European banks, but have not cured the financing disadvantage of the highly indebted member states. Since high-risk premiums on government bonds endanger the capital adequacy of banks, half a solution is not enough.... read Comments: 5 Recommended: 1 Read: 18017
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FEATURED COMMENTARY
The Dollar’s Long Tail
Sanjeev Sanyal
Series: The New Global Economy
Even if China replaces the US as the world’s largest economy within a decade, a global anchor currency can be more resilient than the economic and geopolitical dominance of its country of origin. That is why the dollar will most likely remain the dominant global currency long after the US has been surpassed.
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