"France’s economy is roughly three-quarters the size of Germany’s. Persuading the Germans that the French are willing and able to pay their fair share...." This is incredible to me. Rogoff is supposedly one of the world's top economists, so how could he get something so basic so wrong. OF COURSE, France's economy is roughly 3/4 that of Germany's -- France's population is roughly 3/4 the population of Germany. France and Germany have virtually the same GDP per capita. But because France has a lot less inequality than Germany, the amount of wealth produced by the French economy is arguably better distributed to foster a broader prosperity. Rogoff, like most conventional economists, makes the mistake of once again using basic economic measurements about growth and size of economy to draw false conclusions about the overall quality of life. He ignores factors such as distribution. If you and I have the same wealth, but I spend mine more efficiently, I will have a better quality of life than you. Rogoff gets it wrong once again.
Oh please. While I think the imprisonment of Tymoshenko is politically motivated and wrong, and reveals the ugly face of the current regime ruling Ukraine, let's face it – Tymoshenko was no angel. She seemed to be yet another inept, egomaniacal kleptocrat produced by that part of the world on a fairly regular basis. If she had been a competent elected official, Yanukovych would never have won the last election, so she can take her share of blame for the current troubles. I'm sorry, but comparing herself to Mandela is a bit too much. I hope she gets out of prison soon, but she is not to be trusted.
The collapse of coalition negotiations has left German Chancellor Angela Merkel facing a stark choice between forming a minority government or calling for a new election. But would a minority government necessarily be as bad as Germans have traditionally thought?
During a time of American waywardness under Donald Trump, the United Kingdom's national security has increasingly come to depend on the European Union as a buffer against Russian revanchism. Ironically, then, the safest form of Brexit might be the one that hurts the most, so long as it leaves behind a stable EU.
In the first 11 months of his presidency, Donald Trump has failed to back up his words – or tweets – with action on a variety of fronts. But the rest of the world's governments, and particularly those in Asia and Europe, would be mistaken to assume that he won't follow through on his promised "America First" trade agenda.
While developed countries in Europe, North America, and Asia are rapidly aging, emerging economies are predominantly youthful. Nigerian, Indonesian, and Vietnamese young people will shape global work trends at an increasingly rapid pace, bringing to bear their experience in dynamic informal markets on a tech-enabled gig economy.
One day, the United States will turn the page on Donald Trump. But, as Americans prepare to observe their Thanksgiving holiday, they should reflect that their country's culture and global standing will never recover fully from the wounds that his presidency is inflicting on them.
In Zimbabwe, as in all coups, much behind-the-scenes plotting continues to take place in the aftermath of the military's overthrow of President Robert Mugabe. But who the eventual winners and losers are may depend, among other things, on the gender of the plotters.
At the 2017 Abu Dhabi Petroleum Exhibition and Conference, the consensus among industry executives was that oil prices will still be around $60 per barrel in November 2018. But there is evidence to suggest that the uptick in global growth and developments in Saudi Arabia will push the price as high as $80 in the meantime.
Saudi Arabia’s Crown Prince Mohammed bin Salman is working hard to consolidate power and establish his country as the Middle East’s only hegemon. But his efforts – which include an attempt to trigger a war between Israel and Hezbollah in Lebanon – increasingly look like the work of an immature gambler.