Lee Jong-Wha, Professor of Economics at Korea University, was chief economist at the Asian Development Bank and a senior adviser for international economic affairs to former South Korean President Lee Myung-bak.
William H. Janeway, a special limited partner at the private-equity firm Warburg Pincus, is an affiliated lecturer in economics at the University of Cambridge and author of Doing Capitalism in the Innovation Economy (Cambridge University Press, 2018).
Josef Joffe, a fellow at Stanford University’s Hoover Institution, serves on the editorial council of the German weekly Die Zeit and teaches international politics at Johns Hopkins University Paul H. Nitze School of Advanced International Studies.
There is ample reason to worry that major economies like the United States are heading for a recession, accompanied by cascading financial turmoil. Some of the worst elements of both the 1970s and the 2008 crash are now in play, with equity markets likely to move deeper into bear territory.
says six factors will determine how bad the next downturn will be for the real economy and equity markets.
There is evidence from around the world that the liberty of women is under attack, including in proud democracies. Against this backdrop, the US Supreme Court’s elimination of the federal right to abortion is a particularly egregious offense against women.
notes that the Supreme Court’s elimination of the federal right to abortion accompanies rising gender violence.
highlights a potential institutional advantage of developing countries, shows how the hesitation to appeal to voters’ emotions is putting progressives at a disadvantage, and considers where the economics discipline is headed.