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The old central-bank playbook of slashing interest rates to spur consumption, investment, and employment has become less effective since the 2008 financial crisis. Yet without effective tools and the public's confidence, central banks will be unable to rise to the occasion when the next recession arrives.
French President Emmanuel Macron has drawn criticism for describing NATO as brain dead and pursuing a rapprochement with Russian President Vladimir Putin. But now that a wayward America could abandon the continent at any moment, Macron's argument for European defense autonomy is difficult to refute.
More inclusive global growth in a world with free capital mobility does not require a “global” government that taxes and redistributes, but it does require global taxation and tax cooperation. Countries should be free to set their own taxes, but they should be required to share tax-relevant information.
Dec 5, 2019 hopes that the region's ongoing street protests will trigger a broader economic and political discussion.
Dec 5, 2019 warns that attacks on news media in the US, Brazil, and Mexico resemble what happened in Venezuela.
Dec 5, 2019 examines how monetary policymakers can regain public confidence before the next recession arrives.
Dec 5, 2019 worries that a little-known moratorium on digital levies could soon be on the chopping block.
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Both US President Donald Trump and Chinese President Xi Jinping would benefit from a face-saving deal to end the ongoing trade war. But even if Trump and Xi manage to ease tensions in the short term, the future of the two countries’ economic relationship remains in doubt.
At a time of shifting global power balances and asymmetric threats, the risk of a conflict involving nuclear weapons has increased to a level few would have anticipated just a decade ago. Are we headed back to the bad old days of hair-trigger warnings and mutually assured destruction?
To many observers, America’s “weaponization” of the dollar against China, the European Union, and others looks like yet another example of President Donald Trump abusing his power. The question is whether anyone can – or will – do anything about it.
The Big Picture brings together a range of Project Syndicate commentaries not just on topics in the news, but also on the deeper issues driving the news. Readers quickly gain the insights of diverse, authoritative perspectives on critical global events and challenges.
Project Syndicate celebrates its 25th anniversary with PS 25, a collection of our hardest-hitting commentaries so far.
Sustainability Now brings together leading voices in all of the domains involved in combating climate change, each addressing specific facets of the challenge.
Efforts to combat climate change through sustainable development are as complex as they are important for the future of humanity. With US President Donald T… read more
After the election of President Emmanuel Macron in France and the return of a centrist grand coalition government in Germany, many hoped that the Franco-German ax… read more
The biggest cloud hanging over the world economy is the incipient trade war with China launched by US President Donald Trump. But with America’s closes… read more
Today’s media landscape is littered with landmines: open hostility by US President Donald Trump, mounting censorship in countries such as Hungary, Turkey, a… read more
Africa’s economic rise is a world-changing development, but the sources of its emerging strength – and lingering weaknesses – are little understood. W… read more
Half of the world’s population live in cities, and that share is growing rapidly. How can cities expand, maintain services and communities, and be envi… read more
