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日内瓦—十年前,当雷曼兄弟(Lehman Brothers)宣布破产时,人们一下子弄不清楚谁欠了谁什么,谁无法偿还债务,以及谁会下一个倒下。结果是银行间信用市场冻结,华尔街陷入恐慌,企业遭受冲击,不仅仅美国是如此,全世界亦然。政客们疲于应付危机,经济专家则纠结于20世纪80年代以来的低商业周期波动的“大稳健”是否正演变为另一场大萧条。



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  1. wei22_FABRICE COFFRINIAFP via Getty Images_WTOredlight Fabrice Coffrini/AFP via Getty Images

    How to Revive the WTO

    Shang-Jin Wei & Xinding Yu

    The World Trade Organization’s appellate body is under threat not from China, but from the United States, which is blocking the appointment of new judges to the panel. Reviving the WTO will require changes to the organization's rules – but killing its dispute-settlement system is not the solution.

  2. ghosh16_Yawar NazirGetty Images_indiakashmirmuslimwoman Yawar Nazir/Getty Images

    The Rape of India’s Soul

    Jayati Ghosh

    India’s rapid descent into xenophobia, violence, and irrationality has an important economic dimension, but it takes politicians to channel these emotions into nationalism, and to embolden the nationalists to commit violence. Now that the BJP has done so, is it able – or willing – to exorcise the many demons it has unleashed?