MOST RECENT COMMENTARIES

To Russia with Social Media

2010-03-19

How can Russia - or any country - create its own Silicon Valley? The answer is not lots of money in proximity to a great university or two, but rather a culture that rewards thoughtful innovation and considers mistakes the price of learning.... read

Comments: 0 Recommended: 0 Read: 100

Assault on the OAS

Jorge G. Castañeda Series: The Statesmen's Debate

2010-03-18

The OAS will have to decide on March 24 whether to re-elect Chilean diplomat and politician José Miguel Insulza as its Secretary General. But the OAS is facing a broader challenge in the threatened departure of the so-called ALBA countries - Cuba, Venezuela, Nicaragua, Ecuador, Bolivia, and Paraguay - which are seeking to establish a rival organization.... read

Comments: 0 Recommended: 0 Read: 534

Paid to Fail

Lucian Bebchuk, Alma Cohen and Holger Spamann Series: The Rules Of The Game

2010-03-18

In a report just filed with the US court that is overseeing the bankruptcy of Lehman Brothers, a court-appointed examiner described how the firms' executives deliberately pursued an aggressive investment strategy, took on greater risks, and substantially increased leverage. In this way, they literally destroyed the company - but, worse still, they were paid to do so.... read

Comments: 1 Recommended: 0 Read: 521

Preempting Home-Grown Terrorists

Thomas de Maizière Series: Human Rights

2010-03-18

When it comes to home-grown terrorists, prevention is better than repression. We should do everything in our power to avoid radicalization, to interrupt radicalization processes early, and to reintegrate radicalized individuals into our societies.... read

Comments: 1 Recommended: 0 Read: 236

China’s Bad Debtor

Yu Yongding Series: China Stands Up

2010-03-17

China’s foreign-exchange reserves are facing a triple whammy: a decline in the US dollar’s purchasing power, a fall in the prices of US government securities, and possible inflation in the longer run. If the US government cannot safeguard the value its securities, it should compensate China in one way or another. ... read

Comments: 6 Recommended: 1 Read: 1466

Taxing the Israeli Occupation

Ezzedine Choukri Fishere Series: Islam

2010-03-17

Europe’s failure to play a role in resolving the Israeli-Palestinian conflict does not result from its supposed anti-Israeli views, but from the fact that the EU is not a state. But what Europe can do to advance the cause of peace is to alter the political calculus inside Israel by imposing an "occupation tax" that would target the settlers’ economy and the violation of Palestinians’ human rights.... read

Comments: 0 Recommended: 1 Read: 742

The Euro Zone’s Default Position

Simon Johnson and Peter Boone Series: The Hopeful Science

2010-03-16

Like the over-leveraged euro-zone countries today, Kazakhstan binged on easy loans from global investment banks in recent years, before its banks defaulted on their loans in 2009. If European leaders are smart, they will recognize that a Greek default is similarly inevitable - and that it may be just what the European (and global) financial system needs.... read

Comments: 2 Recommended: 0 Read: 2615

Trial by Crisis

Leszek Balcerowicz Series: Frontiers of Growth

2010-03-16

Episodes like the current financial crisis seriously disrupt economic growth. But the question that we should be asking concerns such episodes’ impact on longer-term development – and that question has attracted surprisingly little interest.... read

Comments: 0 Recommended: 0 Read: 994

Afghanistan is Lost without Better Governance

Jamie F. Metzl Series: The Asian Century

2010-03-15

The US and its Afghan and NATO allies have demonstrated unmistakable progress in Afghanistan this year. But no matter what other progress is made, America and its allies cannot succeed in Afghanistan unless the Afghan government succeeds – and that government is moving in the wrong direction.... read

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The Kremlin Temptation	Dominique Moisi
France’s recent sale of four powerful Mistral-class warships to Russia has evoked comparisons with Germany's go-it-alone strategy toward the Kremlin. Indeed, European leaders may ultimately be doing the same thing, but they are all doing it separately, as competitors vying for Russian favor rather than as partners within a supposedly tight-knit Union.... read
States of Risk	Nouriel Roubini
Unsustainable private-debt problems must be resolved by defaults, debt reductions, and conversion of debt into equity. If, instead, private debts continue to be excessively socialized, the advanced economies will face a grim future: serious sustainability problems with their public, private, and foreign debt, together with crippled prospects for economic growth.... read

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MOST RECENT COMMENTARIES

To Russia with Social Media

Assault on the OAS

Paid to Fail

Preempting Home-Grown Terrorists

China’s Bad Debtor

Taxing the Israeli Occupation

The Euro Zone’s Default Position

Trial by Crisis

Afghanistan is Lost without Better Governance

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