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Long Reads

PS Most-Read on Economics & World Affairs 2016

Political rage went global in 2016, fueling a populist backlash across the democratic world and appalling terrorist violence in the Middle East, Europe, and beyond. Here is a selection of commentaries – of the year's 1,140 published by Project Syndicate – on the global political upheaval of the last 12 months, and its economic causes and consequences, that resonated most with our online readers.

Economics

Globalization and its New Discontents
Joseph Stiglitz explains why neoliberalism’s chickens are now coming home – to Europe and the US – to roost.

Central Banking Goes Negative
Stephen Roach inveighs against monetary policymakers’ decision to push interest rates south of the zero bound.

The Abdication of the Left
Dani Rodrik asks why the political backlash against globalization has come mainly from the nationalist right.

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  1. Trump visits China Thomas Peter-Pool/Getty Images

    China’s New World Order?

    • Now that Chinese President Xi Jinping has solidified his position as China’s most powerful leader since Mao Zedong, he will be able to pursue his vision of a China-led international order.

    • But if China wants to enjoy the benefits of regional or even global hegemony in the twenty-first century, it will have to prove itself ready to accept the responsibilities of leadership.
  2. Paul Manafort Alex Wong/Getty Images

    The Fall of the President’s Men

    • There can no longer be any doubt that Donald Trump is the ultimate target of Special Counsel Robert Mueller’s sweeping investigation of alleged Russian interference in the 2016 presidential election. 

    • But even if Mueller doesn’t catch Donald Trump in a crime, the president will leave much human and political wreckage behind.