The latest Gaza war presents the United States and governments across the Middle East with an opportunity to end Hamas and Iran’s cynical project of creating chaos. But first, Israel must be stopped from expelling the Palestinians from Gaza, as that would radicalize and destabilize the entire region.
warns that Israel’s scorched-earth Gaza campaign risks playing into its enemies’ hands.
The long-standing economic consensus that interest rates would remain low indefinitely, making debt cost-free, is no longer tenable. Even if inflation declines, soaring debt levels, deglobalization, and populist pressures will keep rates higher for the next decade than they were in the decade following the 2008 financial crisis.
thinks that policymakers and economists must reassess their beliefs in light of current market realities.
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发自剑桥——中国新冠清零政策的失败正导致人们对该国实力进行重新评估。虽说直到最近还有许多人预测中国GDP将在2030年或之后不久超过美国,但如今一些分析家认为即便中国实现了这一目标,美国还是会再次迅猛超前。这是否意味着我们是否已经见证了“中国高点”?
高估中国的实力和低估它一样危险。低估会令人滋生自满情绪,高估则会激发恐惧;而两者都会导致误判。由此可见我们需要仔细的净评估(net assessment)才能制定一个好的战略。
与目前的流行观点相反,中国并不是全球最大的经济体。虽然以购买力平价计它在2014年超越了美国经济。但购买力平价其实是经济学家比较大概福利状况的工具;即使中国有一天在经济总规模上超过了美国,GDP也不是衡量地缘政治力量的唯一标准。中国在军事和软实力指数上仍远远落后于美国,如果再加上欧洲、日本和澳大利亚等美国盟友的话那其相对经济实力就更小了。
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