Project Syndicate - the Smartest Op-Ed Articles from the World's Thought Leaders

Economics
Another Lesson from Japan
Stephen S. Roach

Economics
Another Lesson from Japan

Stephen S. Roach JUN 26, 2017 14

Stephen S. Roach thinks the latest inflation data should serve as a wake-up call to advanced-economy policymakers.
Kazuhiro Nogi/AFP/Getty Images
Though Japan’s experience since the early 1990s provides many lessons, policymakers in the rest of the world have failed miserably in heeding them. Time and again, major central banks – especially the Federal Reserve, the European Central Bank, and the Bank of England – have been quick to follow the Bank of Japan's disastrous lead. READ MORE
World Affairs
Reimagining Palestine
Marwan Muasher

World Affairs
Reimagining Palestine

Marwan Muasher JUN 26, 2017 2

Marwan Muasher highlights the need for a new strategy to move the Palestinian national project forward.
Ahmad Gharabli/AFP/Getty Images
In the 50 years since the 1967 Arab-Israeli War, the prospects of a “final status” agreement have never looked bleaker. With growing distrust in the Palestinian leadership, it’s time to reconsider the path forward, by making civil liberties a precursor to, rather than the result of, an independent state. READ MORE
World Affairs
Revisiting the Global Order
Javier Solana

World Affairs
Revisiting the Global Order

Javier Solana JUN 23, 2017 7

Javier Solana believes new leadership is needed to ensure an open, inclusive global system.
Mark Schiefelbein/Pool/Getty Images
The Pax Americana of the last half-century is on life support, but liberalism and multilateralism are not dead yet. An inclusive and mutually beneficial global system can still be resuscitated, if we begin to think differently about where the centers of influence are located. READ MORE
Business & Finance
An IMF Bridge to Somewhere for Greece?
Mohamed A. El-Erian

Business & Finance
An IMF Bridge to Somewhere for Greece?

Mohamed A. El-Erian JUN 21, 2017 20

Mohamed A. El-Erian says a compromise to prevent a default next month will work only if debt forgiveness follows.
NurPhoto/Getty Images
The IMF has resurrected an old technique – commonly used in the 1980s during the Latin American debt crisis – that will allow Greece to avoid a payment default next month on debt owed to European creditors. But the Fund’s elegant compromise still leaves Greece under the shadow of an enormous debt overhang. READ MORE
Politics
Saudi Arabia’s Game of Thrones
Bernard Haykel

Politics
Saudi Arabia’s Game of Thrones

Bernard Haykel JUN 24, 2017 6

Bernard Haykel examines how Mohammed bin Salman secured his succession to the throne, and why it matters.
Bandar Algaloud/Saudi Royal Council/Anadolu Agency/Getty Images
Saudi Arabia’s King Salman has now replaced the 57-year-old Muhammad bin Nayif with his 31-year-old son, Mohammed bin Salman, as crown prince, signaling a clear break from a decades-old tradition of building consensus. That implies a return to the absolute monarchy established by Saudi Arabia's founder, King Abdulaziz Ibn Saud. READ MORE

Another Lesson from Japan

Reimagining Palestine

Revisiting the Global Order

An IMF Bridge to Somewhere for Greece?

Saudi Arabia’s Game of Thrones

Video

PS On Air: Joseph Nye on Trump and the Liberal World Order

Economics in Transition

The University of Manchester’s Diane Coyle reviews three recent books assessing what has and hasn’t changed in economic thinking and research since the 2008 crisis.

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