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  1. mallochbrown13_SIPHIWE SIBEKOPOOLAFP via Getty Images_vaccine SIPHIWE SIBEKOPOOLAFP via Getty Images

    No More Pandemic Have-Nots

    Mark Malloch-Brown, et al.

    With the Global North still dragging its feet while billions of people around the world remain vulnerable to COVID-19, a new coalition of leading philanthropies has come together to press for meaningful action. Failure to address this crisis means that we will almost certainly fail in the face of the next one, too.

    announce a new coalition of leading philanthropies committed to collective action against COVID-19.
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    A New Global Economic Consensus

    Mariana Mazzucato

    Now that the COVID-19 pandemic has highlighted the deficiencies of economic deregulation and market liberalization, a new policymaking paradigm is emerging. But its success depends on concrete reforms and the creation of new mission-driven institutions.

    proposes a new policy vision that would halt and repair the damage caused by the broken free-market paradigm.
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    The EU's Arctic Vision

    Josep Borrell & Virginijus Sinkevičius

    The Arctic faces serious, even existential, challenges – particularly climate change. The European Union stands ready to scale up and modernize its engagement to help ensure that collaborative approaches to addressing these issues prevail over potentially damaging strategic competition.

    outline a wide-ranging strategy for increasing European engagement in the region.
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Deciphering the Crypto Crackdown

Featured in this Big Picture
  1. Aleh Tsyvinski Aleh Tsyvinski ,
  2. Ashley Alder Ashley Alder ,
  3. Jon Cunliffe Jon Cunliffe ,
  4. Sheila Warren Sheila Warren ,
  5. Elmira Bayrasli Elmira Bayrasli ,
  6. Daron Acemoglu Daron Acemoglu ,
  7. Jeffrey Frankel Jeffrey Frankel

Unfettered innovation may sound attractive in theory, but can be problematic in practice – not least when it comes to money and payment systems. Can regulators find a way to protect users and the stability of the global monetary system without killing off private digital money before it comes of age?

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The Undoing of Doing Business

Featured in this Big Picture
  1. Anne O. Krueger,
  2. Joseph E. Stiglitz,
  3. Jayati Ghosh,
  4. Kaushik Basu,
  5. Mauricio Cárdenas

The recent data-manipulation scandal involving the World Bank’s annual flagship report, and the role of the International Monetary Fund’s current managing director, has shaken public confidence in the Bretton Woods institutions. Will procedural tweaks alone be enough to rebuild their reputation, or do the problems run deeper?

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A Reckoning for the China Dream

Featured in this Big Picture
  1. Shang-Jin Wei,
  2. Kenneth Rogoff,
  3. Stephen S. Roach,
  4. Raghuram G. Rajan,
  5. Yuen Yuen Ang,
  6. Nancy Qian

Many investors remain focused on whether the Chinese government will succeed in ring-fencing the problems at the heavily indebted property developer Evergrande. But the bigger issue is what President Xi Jinping’s increasing regulatory crackdown and “common prosperity” agenda mean for China’s long-term growth.

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