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Can China Get Out of Its Rut?

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Yang Yao, Yu Yongding, Nouriel Roubini, Yi Fuxian, Stephen S. Roach, Nancy Qian

China’s authorities have powerful economic-policy levers at their disposal to achieve their 5% growth target this year and put the economy on a more sustainable long-term growth path. But several trends – from the shift toward state capitalism to population aging to the loss of goodwill between Chinese and Americans – could thwart China’s ambition to join the ranks of high-income countries by mid-century.

  1. mazzucato62 Getty Images

    Governments Must Shape AI’s Future

    Mariana Mazzucato & Fausto Gernone urge policymakers to see themselves as proactive participants in technological innovation and market-making.
  2. op_janeway15_AMY OSBORNEAFP via Getty Images_googlecampus Amy Osborne/AFP via Getty Images

    Is Techno-Monopoly Inevitable?

    William H. Janeway assesses a new theory of “technological market power” and its effects on the modern economy.
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    Joseph S. Nye, Jr., on nuclear risk, American hubris, great-power competition, and more

    Joseph S. Nye, Jr. calls for restoring the credibility of the US nuclear umbrella, highlights the role of nongovernmental agencies in international relations, worries that the US will play its cards poorly vis-à-vis China, and more.
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  5. op_tasca1_Long WeiVCG via Getty Images_e-cny Long Wei/VCG via Getty Images

    The Struggle for Currency Supremacy

    Paolo Tasca expects that digital assets will accelerate efforts to create alternatives to the US dollar.
  6. bp immigration Photo by Brandon Bell/Getty Images

    The Immigration Tinderbox

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    Alison L. LaCroix , Nancy Qian , Anne O. Krueger , Soňa Muzikárová , Federico Fubini

    In the United States and Europe, immigration tends to divide people into opposing camps: those who claim that newcomers undermine economic opportunity and security for locals, and those who argue that welcoming migrants and refugees is a moral and economic imperative. How should one make sense of a debate that is often based on motivated reasoning, with emotion and underlying biases affecting the selection and interpretation of evidence?

  7. op_elerian1_ Debarchan ChatterjeeNurPhoto via Getty Images_indiapopulation Debarchan Chatterjee/NurPhoto via Getty Images

    The Indian Giant Has Arrived

    Mohamed A. El-Erian & Michael Spence consider the risks and challenges associated with the country's rapidly expanding global footprint.
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    Angela Huyue Zhang on Chinese innovation, regulation, AI, and more

    Angela Huyue Zhang warns that China’s lax approach to regulating artificial intelligence could lead to a crisis, highlights the impact of the market’s deep-seated mistrust of the Chinese legal system, considers how Western regulatory trends influence China, and more.
  9. op_mkurz3_Spencer PlattGetty Images_rustbelt Spencer Platt/Getty Images

    How Capitalism Became a Threat to Democracy

    Mordecai Kurz examines the economic policies and market dynamics that have ushered in America's Second Gilded Age.
  10. pavlova1_pishitGetty Images_womanbusinessleader pishit/Getty Images

    The Global Economy’s Biggest Untapped Resource

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    Indermit Gill , Tea Trumbic , Nadia Calviño , Kristalina Georgieva , Odile Renaud-Basso , Rudo Kayombo , Yanis Varoufakis

    At the current rate of progress, it will take about 300 years to end child marriage, 286 years to deliver full gender equality under the law, and 140 years to achieve equal representation in leadership positions in the workplace, the United Nations reports. This moral failure is compounded by its enormous opportunity cost: a massive improvement in human welfare.

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    How Resilient Is Putin?

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    Anastassia Fedyk , Yuriy Gorodnichenko , Michael R. Strain , Nina L. Khrushcheva , Robin Brooks , Simon Johnson , Ian Buruma

    As Russia prepares for another sham presidential election, the West is introducing new sanctions over the death of opposition leader Alexei Navalny, considering seizing some $300 billion of Russian central-bank assets, and struggling to overcome political hurdles to continued support for Ukraine. How, if at all, will these developments affect Russian President Vladimir Putin’s grip on political power?

  12. op_xfu1_Jason MarzGetty Images_technologywave Jason MarzGetty Images

    Will Today’s Tech Wave Drown Developing Countries?

    Xiaolan Fu considers how lower-income economies can respond to the rise of technologies unsuited to their specific needs.
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    Nina L. Khrushcheva on Navalny, Putin, Russian elections, and more

    Nina L. Khrushcheva argues that seizing Russia’s central-bank assets would harm the West’s international reputation, highlights cracks in the Russian regime, calls warnings that Vladimir Putin plans to invade NATO irresponsible, and more.
  14. op_fofack3_Sean GallupGetty Images_rutogeorgieva Sean Gallup/Getty Images

    Making Bretton Woods Work for Africa

    Hippolyte Fofack envisions a reformed global financial architecture that provides equal access to long-term patient capital.

“It is better to ask forgiveness than permission” has been the mantra of the digital revolution so far, and one should not expect that to change with artificial intelligence. For those already in a position to dominate this potentially groundbreaking sector, the opportunities are too enticing to miss.

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