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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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    Where Will Fumio Kishida Take Japan?

    Takatoshi Ito

    Japan’s next prime minister will have more than enough time in office to introduce and implement an economic policy agenda of his choice. But while he has called for a move away from “neoliberalism,” it remains to be seen how far he will go in pursuing a new vision of capitalism.

    considers the knowns and unknowns of the new prime minister’s economic-policy agenda.
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    Our Common Agenda and the Road to 2023

    Madeleine Albright & Ibrahim Gambari

    In a new report, UN Secretary-General António Guterres argues that “humanity faces a stark and urgent choice: a breakdown or a breakthrough.” In the midst of two global crises and rising great-power tensions, how could a breakthrough be possible?

    propose a strategy to achieve long-overdue institutional changes to the post-1945 multilateral system.
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  4. op_vanwaas1_Paula BronsteinGetty Images_rohingya muslims Paula BronsteinGetty Images
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    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.
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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.

0
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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?

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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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The COVID-19 Crisis

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