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The Populist-Prosperity Paradox


The prevailing narrative used to explain political populism in the West is that some element of globalization is pushing voters to embrace right-wing, anti-establishment parties. But as Dalia Marin of the Center for Economic and Policy Research argues, that can't explain why populists are gaining strength in Germany.

Interested in learning more? We recently spoke to ECFR's Mark Leonard about Italy's recent elections and the populist threat to the EU. Tune in here:;
  1. mallochbrown10_ANDREW MILLIGANAFPGetty Images_boris johnson cow Andrew Milligan/AFP/Getty Images

    Brexit House of Cards

    Mark Malloch-Brown

    Following British Prime Minister Boris Johnson's suspension of Parliament, and an appeals court ruling declaring that act unlawful, the United Kingdom finds itself in a state of political frenzy. With rational decision-making having become all but impossible, any new political agreement that emerges is likely to be both temporary and deeply flawed.

  2. sufi2_getty Images_graph Getty Images

    Could Ultra-Low Interest Rates Be Contractionary?

    Ernest Liu, et al.

    Although low interest rates have traditionally been viewed as positive for economic growth because they encourage businesses to invest in enhancing productivity, this may not be the case. Instead, Ernest Liu, Amir Sufi, and Atif Mian contend, extremely low rates may lead to slower growth by increasing market concentration and thus weakening firms' incentive to boost productivity.


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