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    China's Journey into the Unknown

    George Magnus

    Following the Chinese government’s sweeping corporate crackdown this year, three recent books on the country’s governance model have become especially timely. Each suggests that Chinese President Xi Jinping will have to navigate fundamental contradictions in his quest for “common prosperity.”

    reviews three books examining the increasingly obvious flaws in the country’s governance model.
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    Supply-Shock Therapy

    Featured in this Big Picture
    1. Diane Coyle Diane Coyle ,
    2. Dalia Marin Dalia Marin ,
    3. Richard Haass Richard Haass ,
    4. Jonathan Woetzel Jonathan Woetzel ,
    5. Mekala Krishnan Mekala Krishnan ,
    6. Keun Lee Keun Lee

    Even if today’s fears of a global production meltdown prove to be exaggerated, COVID-19 has exposed the myriad vulnerabilities of cross-border value chains. The key issue, beyond the immediate priority of easing input shortages, is whether firms will need state help to protect themselves against future supply disruptions.

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    The Security Deficit

    As the world changes rapidly, so does the nature of the risks we face. Yet our models for mitigating security threats have largely failed to keep up. In The Security Deficit, Project Syndicate, in partnership with the Doha Forum, brings together leading experts, academics, practitioners, and politicians to identify the world’s biggest vulnerabilities – and show what it will take to strengthen our defenses.

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op_magnus1_WANG ZHAOAFP via Getty Images_cpc WANG ZHAOAFP via Getty Images

China's Journey into the Unknown

George Magnus

Following the Chinese government’s sweeping corporate crackdown this year, three recent books on the country’s governance model have become especially timely. Each suggests that Chinese President Xi Jinping will have to navigate fundamental contradictions in his quest for “common prosperity.”

reviews three books examining the increasingly obvious flaws in the country’s governance model.
2
op_vanwaas1_Paula BronsteinGetty Images_rohingya muslims Paula BronsteinGetty Images

The Statelessness Pandemic

Laura van Waas & Natalie Brinham

At least 15 million people today are stateless, and millions more are threatened with national exclusion. The issue of statelessness thus demands urgent attention, as do works of history that shed light on the problem.

review two works of history tracing the evolution of the problem and the role of modern states in creating it.
5
container stack Jim Watson/AFP via Getty Images

Supply-Shock Therapy

Featured in this Big Picture
  1. Diane Coyle Diane Coyle ,
  2. Dalia Marin Dalia Marin ,
  3. Richard Haass Richard Haass ,
  4. Jonathan Woetzel Jonathan Woetzel ,
  5. Mekala Krishnan Mekala Krishnan ,
  6. Keun Lee Keun Lee

Even if today’s fears of a global production meltdown prove to be exaggerated, COVID-19 has exposed the myriad vulnerabilities of cross-border value chains. The key issue, beyond the immediate priority of easing input shortages, is whether firms will need state help to protect themselves against future supply disruptions.

1
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Deciphering the Crypto Crackdown

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

1
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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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