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  1. spence158_Justin SullivanGetty Images_helpwantednowhiring Justin Sullivan/Getty Images

    America’s Widening Productivity Gap

    Michael Spence & Belinda Azenui

    Amid labor-supply constraints and economic shocks, the case for productivity-boosting interventions is clear. Unless US policymakers use a combination of investment and incentives to reverse negative productivity trends, the US will achieve modest growth, at best.

    urge policymakers to pursue interventions aimed at reducing supply constraints in the non-tradable sector.
  2. acemoglu56_NICOLAS MAETERLINCKBELGA MAGAFP via Getty Images_chatgpt NICOLAS MAETERLINCK/BELGA MAG/AFP via Getty Images

    What’s Wrong with ChatGPT?

    Daron Acemoglu & Simon Johnson

    Artificial intelligence is being designed and deployed by corporate America in ways that will disempower and displace workers and degrade the consumer experience, ultimately disappointing most investors. Yet economic history shows that it does not have to be this way.

    worry that the technology will be deployed to replace, rather than empower, humans.
  3. aslund73_ MIKHAIL KLIMENTYEVAFP via Getty Images_putin potanin MIKHAIL KLIMENTYEVAFP via Getty Images

    Stealing Russia

    Anders Åslund shows how the war is redistributing massive wealth and resources to President Vladimir Putin and his cronies.
  4. marin23_DAVID HECKERAFP via Getty Images_german deindustrialoization DAVID HECKER/AFP via Getty Images

    German Deindustrialization Is Still Looming

    Dalia Marin looks beyond surprisingly strong recent indicators and sees a cliff edge ahead for the country’s exporters.
  5. oneill116_Christopher FurlongGetty Images_real estate manchester Christopher Furlong/Getty Images

    Could These Two Trends Save Britain?

    Jim O'Neill sees a pair of economic developments that could deliver a welcome surprise – if policymakers pay attention.
  6. sinn108_KENZO TRIBOUILLARDAFP via Getty Images_PauloGentiloni Kenzo Tribouillard/AFP via Getty Images

    Europe at Debt’s Door

    Hans-Werner Sinn warns that the European Commission's borrowing plans endanger the EU's stability and the single currency.
  7. cliffe8_Liu JieXinhua via Getty Images_fed Liu Jie/Xinhua via Getty Images

    The Fed’s Climate Complacency

    Mark Cliffe warns that the US central bank’s approach to climate risk falls woefully short of what is needed.
  8. pongsudhirak15_David MmrSOPA ImagesLightRocket via Getty Images_myanmar coup David Mmr/SOPA Images/LightRocket via Getty Images

    Tipping the Scales in Myanmar’s Civil War

    Thitinan Pongsudhirak argues that, like Ukraine’s defenders, the country’s armed opposition deserves international support.
  9. op_anheier13_CHRISTOF STACHEAFP via Getty Images_scholzbaerbockhabecklindner Christof Stache/AFP via Getty Images

    Germany’s Reckoning

    Helmut K. Anheier traces the contours of the country's debate, triggered by the Ukraine war, about its strategic future.
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Latest

  1. Could These Two Trends Save Britain?
    oneill116_Christopher FurlongGetty Images_real estate manchester Christopher Furlong/Getty Images

    Could These Two Trends Save Britain?

    Feb 7, 2023 Jim O'Neill sees a pair of economic developments that could deliver a welcome surprise – if policymakers pay attention.

  2. The Fed’s Climate Complacency
    cliffe8_Liu JieXinhua via Getty Images_fed Liu Jie/Xinhua via Getty Images

    The Fed’s Climate Complacency

    Feb 7, 2023 Mark Cliffe warns that the US central bank’s approach to climate risk falls woefully short of what is needed.

  3. Europe at Debt’s Door
    sinn108_KENZO TRIBOUILLARDAFP via Getty Images_PauloGentiloni Kenzo Tribouillard/AFP via Getty Images

    Europe at Debt’s Door

    Feb 7, 2023 Hans-Werner Sinn warns that the European Commission's borrowing plans endanger the EU's stability and the single currency.

  4. Stealing Russia
    aslund73_ MIKHAIL KLIMENTYEVAFP via Getty Images_putin potanin MIKHAIL KLIMENTYEVAFP via Getty Images

    Stealing Russia

    Feb 7, 2023 Anders Åslund shows how the war is redistributing massive wealth and resources to President Vladimir Putin and his cronies.

  5. Sergei Guriev on Putin, populism, Chinese repression, and more
    GettyImages-148081044

    Sergei Guriev on Putin, populism, Chinese repression, and more

    Feb 7, 2023 Sergei Guriev assesses the strength of the Russian president’s grip on power, predicts that Xi Jinping’s embrace of personalist rule will lead to policy missteps, urges the West to pursue a strategy of “adversarial engagement” toward modern dictators, and more.

Trending

  1. GettyImages-148081044

    Sergei Guriev on Putin, populism, Chinese repression, and more

    Sergei Guriev assesses the strength of the Russian president’s grip on power, predicts that Xi Jinping’s embrace of personalist rule will lead to policy missteps, urges the West to pursue a strategy of “adversarial engagement” toward modern dictators, and more.
  2. op_anheier13_CHRISTOF STACHEAFP via Getty Images_scholzbaerbockhabecklindner Christof Stache/AFP via Getty Images

    Germany’s Reckoning

    Helmut K. Anheier traces the contours of the country's debate, triggered by the Ukraine war, about its strategic future.
  3. BP inflation hawks China News Service / Contributor via Getty Images

    The Flight of the Inflation Hawks

    Featured in this Big Picture

    Raghuram G. Rajan, Joseph E. Stiglitz, James K. Galbraith, Lucrezia Reichlin

    Though the US Federal Reserve’s first interest-rate hike of 2023 is smaller than those that preceded it, policymakers have signaled that more increases are on the way, despite slowing price growth. But there is good reason to doubt the utility – and fear the consequences – of continued rate hikes, on both sides of the Atlantic.

  4. op_boccaletti3_Michele LapiniGetty Images_italyflood

    The New European Frontier

    Giulio Boccaletti thinks a changing climate will force the European Union finally to embrace its political nature.
  5. BQ china india Oleksii Liskonih via Getty Images

    PS Commentators Respond: Could the “Chinese Century” Belong to India?

    Featured in this Big Question

    Pranab Bardhan, Brahma Chellaney, Pinelopi Koujianou Goldberg, Yi Fuxian

    From demographics to trade to GDP growth, China is currently struggling precisely where India seems to be thriving. At a time when the global economy’s center of gravity is shifting to Asia, we asked PS commentators whether India’s rising star will soon outshine China’s.

  6. GettyImages-1089910162

    Shashi Tharoor on India-Russia relations, the Quad, Ambedkar, and more

    Shashi Tharoor assesses prevailing Indian perceptions of the Ukraine War, criticizes India’s continued wariness of security pacts, touts affirmative-action programs that guarantee outcomes, not just access to opportunities, and more.
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The year 2022 was one of grim and grisly returns: the return of major war – and nuclear brinkmanship – to Europe; the return of high inflation and the threat of stagflation globally; and the return of famine, dire poverty, and other problems against which the developing world had been making steady progress. With all these developments poised to continue, the question now is whether solutions will be found to counter the forces of discord and disintegration.

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  1. cliffe8_Liu JieXinhua via Getty Images_fed Liu Jie/Xinhua via Getty Images

    The Fed’s Climate Complacency

    Mark Cliffe warns that the US central bank’s approach to climate risk falls woefully short of what is needed.
  2. boly1_Giovanni MereghettiUCGUniversal Images Group via Getty Images_agriculture rwanda Giovanni Mereghetti/UCG/Universal Images Group via Getty Images

    How to Transform African Agriculture

    Safia Boly & Omid Kassiri identify four principles that could help governments across the continent boost food security.
  3. boeve4_Gehad Hamdypicture alliance via Getty Images_loss and damage cop27 Gehad Hamdy/picture alliance via Getty Images

    An Annual Check-Up for the Climate Movement

    May Boeve assesses patient Earth after a year of energy crises, natural disasters, and landmark global summits.

Opinion that Moves

  1. Jim O'Neill Could These Two Trends Save Britain?
  2. Hans-Werner Sinn Europe at Debt’s Door
  3. Dalia Marin German Deindustrialization Is Still Looming
  4. Michael Spence, et al. America’s Widening Productivity Gap

  1. Anders Åslund Stealing Russia
  2. Thitinan Pongsudhirak Tipping the Scales in Myanmar’s Civil War
  3. Aryeh Neier Putin’s Brezhnev Moment
  4. Joseph S. Nye, Jr. Japan’s Strategic Imperative

  1. Mamta Murthi Preparing Now for the Next Health Emergencies
  2. Nana Akufo-Addo, et al. Global Education Has Reached a Tipping Point
  3. William A. Haseltine Breathing Life Back into COVID Prevention
  4. Nancy Qian China’s Brutal COVID Winter

  1. Mark Cliffe The Fed’s Climate Complacency
  2. Safia Boly, et al. How to Transform African Agriculture
  3. Gernot Wagner Realism About Techno-Optimism
  4. May Boeve An Annual Check-Up for the Climate Movement

  1. Daron Acemoglu, et al. What’s Wrong with ChatGPT?
  2. Diane Coyle Preempting a Generative AI Monopoly
  3. Maximo Torero The Second Green Revolution Will Be Digitized
  4. Ana Palacio Human Values for Artificial Intelligence

  1. Jan Egeland Educating the World’s Children of Conflict
  2. Slavoj Žižek Death or Glory in Russia
  3. Arvind Subramanian The Age of Verbiage
  4. Antara Haldar Davos Man Has a People Problem

Africa’s economic rise is a world-changing development, but the sources of its emerging strength – and lingering weaknesses – are little understood. W…

  1. Safia Boly, et al. How to Transform African Agriculture
  2. Rabah Arezki The Multilateral Financing Paradox
  3. Nana Akufo-Addo, et al. Global Education Has Reached a Tipping Point

Today’s media landscape is littered with landmines: open hostility from illiberal and autocratic regimes, mounting censorship in countries such as Hungary, Turkey,…

  1. Arzu Geybulla Facebook Is Failing Journalists
  2. Anne-Marie Slaughter, et al. Defending Democracies’ Information Infrastructure
  3. Alexander Schallenberg, et al. Defending Democracy’s Defenders

As the COVID-19 crisis escalates, PS commentators assess its implications for the economy, propose policy responses, and consider what might – and sho…

  1. William A. Haseltine Breathing Life Back into COVID Prevention
  2. Ian Buruma China’s Autocracy in Crisis
  3. Nancy Qian China’s Brutal COVID Winter