The authors are right that this moment calls for a transformation of the multilateral system rather than a restoration of old patterns. The climate emergency and the pandemic are much bigger tests of the global system than the financial crisis, and our responses have been found wanting. The trick now is to find a new kind of multilateralism that goes with the grain of a national politics that craves control and security rather de-regulation and removing barriers.
Inspiring piece by Josep Borrell. Europeans too often act as if they are playthings stuck in the middle between two great power blocs in China and America. Borrell shows that Europeans have the resources to be a bloc themselves if they overcome the psychology of weakness. He shows member states that they will be judged by their ability to hang together behind more realistic policies on Libya, Iran, the Balkans and Africa. But the foundation of all this must be developing more tough-minded policies and the tools to link the EU's big market, diplomatic clout and spending with common policies in different areas.
Emmanuel Macron understands that the European elections this year will be different. In spite of their name, normally European elections are predominantly national, low-turn-out, low stakes affairs. But this election will have a transational element, as the Salvini-Orban-Bannon axis tries to turn it into a referendum on migration. The nationalists hope to mobilise millions of ‘left behind voters’ behind an anti-European platform and to start dismantling the EU from within. Macron’s article is the beginning of a reponse to their threat. Macron sees the three main battlefields as the main dimensions of a future-orineted European project: democracy (protecting elections from external interference), protection (a common border for Schengen and a European Security Council that includes the UK), and progress (European Climate Bank, regulation of Global tech companies, an EU innovation fund). The challenge will be to use this vision and concrete ideas to appeal to Europeans who feel that the current system is broken. Will he be able to show that his goal is to revolutionise Europe so that it can live up to the promise of democracy, protection and progress – rather than looking like a champion for the status-quo in Brussels? Mark Leonard - Director European Council on Foreign relations
Over time, the office of the US presidency has grown only more powerful, despite perennial hand-wringing by commentators and the party that is out of power. Though there are a number of possible explanations for this trend, the most straightforward is that it is what the public wants.
offers a historical explanation for why the US executive branch continues to amass ever more power.
US President Joe Biden's administration has embarked on a bold and long-overdue departure from the economic policy orthodoxy that has prevailed in the US and much of the West since the 1980s. But those who are seeking a new economic paradigm should be careful what they wish for.
explains why the last thing the world – or the economics profession – needs is a new ossified orthodoxy.