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Curated by Project Syndicate

Emerging Market Meltdown

14 commentaries

Fears over China's economic slowdown, together with a looming increase in US interest rates and growing political instability, have sent investors scurrying out of emerging markets. Is this merely a momentary reversal, or have emerging markets become a bad long-term bet?

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  1. nye231_Sean GallupGetty Images_ukrainenuclear Sean Gallup/Getty Images

    Will the Ukraine War Fuel Nuclear Proliferation?

    Joseph S. Nye, Jr.

    While it is tempting to think that Ukraine would have remained safe if only it had held onto its Soviet-era nuclear warheads, that framing of the issue is too simplistic. Ultimately, all countries would benefit more in the long term from a strong non-proliferation regime than from possessing their own arsenals.

    considers what lessons the rest of the world will take from the asymmetrical conflict in Europe.
  2. rodrik198_Chip SomodevillaGetty Images_janet yellen Chip Somodevilla/Getty Images

    The New Productivism Paradigm?

    Dani Rodrik

    There are signs of a major reorientation toward an economic policy framework that is rooted in production, work, and localism instead of finance, consumerism, and globalism. It might just turn into a new policy model that captures imaginations across the political spectrum.

    points to the emergence of a fresh economic policy approach that might unite the right and the left.

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