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  1. rogoff216_ SAUL LOEBAFP via Getty Images_imf Saul Loeb/AFP via Getty Images

    Unlocking IMF Reform

    Barry Eichengreen

    Sketching a reform agenda for the International Monetary Fund is easy; implementing reform is hard. It will require, among other things, the US to give up its veto in the institution, and China to assume more responsibility for global stability and the problems of other economies.

    writes that the key is a governance overhaul combined with a renewed focus on the Fund’s core mission.
  2. adebajo8KOLA SULAIMONAFP via Getty Images_tinubu KOLA SULAIMON/AFP via Getty Images

    Africa’s Hobbled Hegemons

    Adekeye Adebajo

    In the face of regional turmoil, rising extremism, and heightened geopolitical tensions, Africa urgently needs strong leadership. But its two most significant regional powers, Nigeria and South Africa, are too constrained by domestic challenges to represent Africa’s interests effectively on the world stage.

    examines the causes of political and economic malaise in Nigeria and South Africa.
  3. ltobin2_Brett CoomerHouston Chronicle via Getty Images_USmanufacturingrobot Brett Coomer/Houston Chronicle via Getty Images

    The US Needs a Techno-Industrial Strategy

    Liza Tobin & Addis Goldman outline a three-pronged approach that would entrench American leadership in advanced industries.
  4. strain29_ Bonnie CashGetty Images_powell Bonnie Cash/Getty Images

    The Fed Should Not Cut Interest Rates Yet

    Michael R. Strain argues that declaring victory over inflation, while tempting, would be to misread current economic conditions.
  5. benami215_IBRAHIM HAMSAFP via Getty Images_gazawar Ibrahim Hams/AFP via Getty Images

    Israel Is Enabling Iran’s War of Attrition

    Shlomo Ben-Ami thinks that Binyamin Netanyahu and his messianic allies are hastening the destruction of the Jewish state.
  6. acemoglu76_ HENRY NICHOLLSAFP via Getty Images_starmer HENRY NICHOLLS/AFP via Getty Images
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    The Starmer Model

    Daron Acemoglu thinks the UK Labour Party’s victory holds lessons for centrist and center-left parties elsewhere.
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    Free to read

    Accountability Holds the Key to Restoring Trust in Democracy

    Anat R. Admati argues that recklessness and deception flourish when their root causes are poorly understood.
  8. guinto3_TED ALJIBEAFP via Getty Images_heat wave TED ALJIBE/AFP via Getty Images

    Preparing for a Future of Extreme Heat Waves

    Renzo R. Guinto urges political leaders to place resilience at the heart of housing, transport, and water policies.
  9. op_stiglitz7_Elizabeth ServatynskaSuspilne UkraineJSC UAPBCGlobal Images Ukraine via Getty Images_ukrainereconstruction Elizabeth Servatynska/Suspilne Ukraine/JSC/ UAPBC/Global Images Ukraine via Getty Images

    The Way Forward for Ukraine’s Economy

    Joseph E. Stiglitz & Andrew Kosenko offer a roadmap for guiding the country's recovery and reconstruction during and after the war.
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Latest

  1. Africa’s Hobbled Hegemons
    adebajo8KOLA SULAIMONAFP via Getty Images_tinubu KOLA SULAIMON/AFP via Getty Images

    Africa’s Hobbled Hegemons

    Jul 17, 2024 Adekeye Adebajo examines the causes of political and economic malaise in Nigeria and South Africa.

  2. The US Needs a Techno-Industrial Strategy
    ltobin2_Brett CoomerHouston Chronicle via Getty Images_USmanufacturingrobot Brett Coomer/Houston Chronicle via Getty Images

    The US Needs a Techno-Industrial Strategy

    Jul 17, 2024 Liza Tobin & Addis Goldman outline a three-pronged approach that would entrench American leadership in advanced industries.

  3. The Fed Should Not Cut Interest Rates Yet
    strain29_ Bonnie CashGetty Images_powell Bonnie Cash/Getty Images

    The Fed Should Not Cut Interest Rates Yet

    Jul 17, 2024 Michael R. Strain argues that declaring victory over inflation, while tempting, would be to misread current economic conditions.

  4. Preparing for a Future of Extreme Heat Waves
    guinto3_TED ALJIBEAFP via Getty Images_heat wave TED ALJIBE/AFP via Getty Images

    Preparing for a Future of Extreme Heat Waves

    Jul 17, 2024 Renzo R. Guinto urges political leaders to place resilience at the heart of housing, transport, and water policies.

  5. Israel Is Enabling Iran’s War of Attrition
    benami215_IBRAHIM HAMSAFP via Getty Images_gazawar Ibrahim Hams/AFP via Getty Images

    Israel Is Enabling Iran’s War of Attrition

    Jul 17, 2024 Shlomo Ben-Ami thinks that Binyamin Netanyahu and his messianic allies are hastening the destruction of the Jewish state.

Trending

  1. op_stiglitz7_Elizabeth ServatynskaSuspilne UkraineJSC UAPBCGlobal Images Ukraine via Getty Images_ukrainereconstruction Elizabeth Servatynska/Suspilne Ukraine/JSC/ UAPBC/Global Images Ukraine via Getty Images

    The Way Forward for Ukraine’s Economy

    Joseph E. Stiglitz & Andrew Kosenko offer a roadmap for guiding the country's recovery and reconstruction during and after the war.
  2. james159_getty images-inflation Getty Images

    Joseph E. Stiglitz on inflation, freedom, neoliberalism, and more

    Joseph E. Stiglitz highlights four inflation risks associated with another Donald Trump administration, explains what US Republicans get wrong about freedom, identifies the principles that should guide a post-neoliberal agenda, and more.
  3. op_norrlof2_z_weiGetty Images_petrodollar z_wei/Getty Images

    The Decline and Fall of the Petrodollar?

    Carla Norrlöf considers whether Saudi Arabia would ever move away from invoicing its oil trade in US dollars.
  4. op_wautier1_Feodora ChioseaGetty Images_corporategreed Feodora Chiosea/Getty Images
    Free to read

    The Profit Trap

    Jean-Baptiste Wautier considers why capitalism is creating problems instead of solving them, and how to save the system from itself.
  5. Shareholder capitalism Volkan Furuncu/Anadolu Agency via Getty Images

    Todd G. Buchholz on US debt, Chinese trade practices, industrial policy, and more

    Todd G. Buchholz points out that not all the reasons for the US economy’s strong performance are positive, highlights the limits of antitrust enforcement, suggests that China is undermining both its own future growth and the world trading apparatus, and more.
  6. op_andrews7_Print CollectorPrint CollectorGetty Images_firstopiumwar Print Collector/Getty Images

    The Evolution of Empire

    John Andrews traces the enduring role of imperial power from the eighteenth century to the present.

It is both the best and the worst of times for democracy – or at least for voting. Although a record-breaking four billion people across 76 countries will have cast ballots in elections this year, democratic institutions are increasingly under strain, and leading watchdogs warn of a broad-based global trend toward “autocratization.”

Learn more
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  1. guajajara1_ Craig StennettGetty Images_brazil Craig Stennett/Getty Images

    Fighting Climate Change Requires a Different Mindset

    Sonia Guajajara thinks the rest of the world can learn a lot from how indigenous peoples relate to nature.
  2. hafele1_INA FASSBENDERAFP via Getty Images_ solar panels INA FASSBENDER/AFP via Getty Images

    How Europe Can Fix Its Competitiveness Problem

    Jakob Hafele explains how an EU-level industrial strategy could unleash the bloc’s untapped potential.
  3. korolec1_ BERTRAND GUAYAFP via Getty Images_solar BERTRAND GUAY/AFP via Getty Images

    Europe Needs an Industrial Development Fund

    Marcin Korolec urges policymakers to shore up the bloc’s competitive position by supporting greentech producers.

Opinion that Moves

  1. Adekeye Adebajo Africa’s Hobbled Hegemons
  2. Liza Tobin, et al. The US Needs a Techno-Industrial Strategy
  3. Michael R. Strain The Fed Should Not Cut Interest Rates Yet
  4. Barry Eichengreen Unlocking IMF Reform

  1. Shlomo Ben-Ami Israel Is Enabling Iran’s War of Attrition
  2. Steve Pincus The King of the Americans
  3. Shang-Jin Wei Will Trump Benefit from the Attempt on His Life?
  4. Dmitry Muratov, et al. Restore the Olympic Peace

  1. Renzo R. Guinto Preparing for a Future of Extreme Heat Waves
  2. Natalia Kanem Supporting Sexual and Reproductive Health Is Good Business
  3. Emmanuel Macron, et al. A Shining Example of Successful Multilateralism
  4. Titir Bhattacharya, et al. Can Private Hospitals Increase Access to Health Care in Developing Countries?

  1. Sonia Guajajara Fighting Climate Change Requires a Different Mindset
  2. Mary Robinson Rich Countries Must Meet Their Biodiversity Financing Pledges
  3. Jakob Hafele How Europe Can Fix Its Competitiveness Problem
  4. Marcin Korolec Europe Needs an Industrial Development Fund

  1. Andrew Sheng, et al. Shenzhen’s Next Transformation
  2. Diane Coyle The Digital Economy’s Growing Time Tax
  3. Sultan Al Jaber Embracing the AI-Energy-Climate Nexus
  4. Lenny Mendonca Harnessing AI for the Common Good

  1. Gordon Brown What to Do About the Taliban’s Gender Apartheid
  2. Michael Spence The Economics of Philanthropy
  3. Gilbert F. Houngbo, et al. Social Justice Is the Best Policy
  4. J. Bradford DeLong How Humanity Lost Control

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

  1. Adekeye Adebajo Africa’s Hobbled Hegemons
  2. Linguère Mously Mbaye Rethinking How to Address Irregular Migration from Africa
  3. Mohamed Cheikh El Ghazouani, et al. Putting Africa on the Path to Prosperity

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

  1. Antonio Zappulla To Protect Democracy, Protect Exiled Journalists
  2. Jodie Ginsberg Our Freedoms Depend on Press Freedom
  3. Carsten Brosda Must Democratizing the Media Be Bad for Democracy?

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

  1. Winnie Byanyima, et al. How to Protect the World from the Next Pandemic
  2. Tom Achoki, et al. Preparing Now for the Next Disease X
  3. Mariana Mazzucato The Economics of Health for All