As many observers grimly predicted, US President Donald Trump’s betrayal of the Kurds in northern Syria has set off a chain of events that no one seems able to control. Both Syria and the wider Middle East are now up for grabs.
By the end of the century, Africa will be home to 40% of humanity, as well as many of the fastest-growing megacities in the world. But can the continent become a source of strength and stability within the world economy?
Ever since advanced economies renounced fiscal stimulus in favor of austerity following the 2008 financial crisis, central banks have been the sole guardians of growth and macroeconomic stability. But now they are running out of firepower – as well as ideas.
French President Emmanuel Macron has launched a new round of diplomacy with the Kremlin after years of a deep freeze caused by Russia’s actions in Ukraine. With new leadership in both the European Union and Ukraine, is Russia ready to come back in from the cold?
Many believe that cutting greenhouse-gas emissions won’t happen fast enough to prevent catastrophic climate change. But can we really engineer our way out of existential trouble, or is global warming an irreducibly political challenge requiring far-reaching social and economic change?
Argentina’s rapid slide into another currency and foreign-debt crisis has all but assured that President Mauricio Macri will not win a second term next month. But given that his Peronist opponents are the authors of Argentina’s troubles, a way out of the current crisis may be hard to find.
Financial investors like to say that when the tide goes out, one discovers who has been swimming naked. And a decade after the deepest financial crisis in nearly 80 years triggered the Great Recession, journalists, policymakers, and other academics are still pointing fingers at the economics profession.
Throwing both caution and democratic norms to the wind, British Prime Minister Boris Johnson has moved to block any parliamentary challenge to his Brexit agenda. Regardless of whether the country suffers a “hard” Brexit, its politics may already have been irreparably damaged.
There is much to be said for major US CEOs’ announcement that they will abandon shareholder primacy for a more socially and environmentally conscious corporate-governance model. But, as always, actions will speak louder than words.
With no end in sight for US President Donald Trump’s trade war, market jitters about a possible global recession are increasing. And, having blown up the federal budget deficit and pressured the Federal Reserve to cut interest rates, the next downturn, when it comes, is likely to be long and deep.
The rubric of inequality contains multitudes, from disparities in material means to those affecting access to opportunities and outcomes both between and within countries. Given that all inequalities were not created equal, the challenge for egalitarians is to decide which ones really matter.
The Sino-American trade conflict has taken a further turn for the worse, with the renminbi once again in the spotlight. Should the rest of the world brace itself for financial turmoil and economic recession, or might cooler heads yet prevail?
The “Britain Trump” is how the real one ineloquently described Boris Johnson, the United Kingdom’s new prime minister. If the label fits, the country could be poised precariously between disaster and catastrophe.
Brilliant ideas that would be catastrophic in the hands of buccaneering privateers should be pressed into public service. That way, we can benefit from their ingenuity without falling prey to their designs.
US President Donald Trump's impulsive decision to pull American troops out of northern Syria and allow Turkey to launch a military campaign against the Kurds there has proved utterly disastrous. But a crisis was already inevitable, given the realities on the ground and the absence of a coherent US or Western policy in Syria.