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.
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.
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.