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    A Big Step Forward for Global Tax Justice

    Josep Borrell & Paolo Gentiloni

    The European Union should not merely emphasize its multilateral credentials, but must demonstrate that coordinated international action can deliver for all if every country invests in it. And the recent global agreement to reform corporate taxation does just that.

    hail the recent international deal on corporate taxation as an example of successful multilateralism.
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    Dismal Economics

    James K. Galbraith

    Although neoclassical economics relies on assumptions that should have been discarded long ago, it remains the mainstream orthodoxy. Three recent books, and one older one, help to show why its staying power should be regarded as a scandal.

    reviews four books that shed light on the unjustifiable hegemony of the neoclassical school.
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op_galbraith7_claffraGetty Images_USdollareconomy

Dismal Economics

James K. Galbraith

Although neoclassical economics relies on assumptions that should have been discarded long ago, it remains the mainstream orthodoxy. Three recent books, and one older one, help to show why its staying power should be regarded as a scandal.

reviews four books that shed light on the unjustifiable hegemony of the neoclassical school.
3
Colombia unrest Camilo Erasso/Long Visual Press/Universal Images Group via Getty Images

The Latin American Tinderbox

Featured in this Big Picture
  1. Javier Solana Javier Solana ,
  2. Enrique V. Iglesias Enrique V. Iglesias ,
  3. Ana Palacio Ana Palacio ,
  4. Mauricio Cárdenas Mauricio Cárdenas ,
  5. Jorge G. Castañeda Jorge G. Castañeda ,
  6. Kenneth Rogoff Kenneth Rogoff

A toxic combination of COVID-19, economic anxiety, and mounting popular anger threatens to erode support for democratic institutions across the region. If national leaders and the international community fail to respond effectively, the wave of unrest that has gripped country after country will likely grow worse.

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Afghan gun Ryanzo Perez/EyeEm via Getty Images

Afghanistan on the Brink

Featured in this Big Picture
  1. Joschka Fischer,
  2. Carl Bildt,
  3. Brahma Chellaney,
  4. Richard Haass,
  5. Amin Saikal,
  6. Anne-Marie Slaughter,
  7. Ashley Jackson,
  8. Elmira Bayrasli,
  9. Djoomart Otorbaev

As US and NATO troops prepare to leave Afghanistan by mid-July and the Taliban make rapid territorial gains, the outlook for the country’s long-suffering people is becoming bleaker by the day. The withdrawal is also likely to undermine regional security, embolden Islamist militants, and damage America’s already shaky international standing.

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