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Curated by Project Syndicate

Europe's Nobel Project

22 commentaries

On Friday, the Norwegian Nobel Committee awarded this year's peace prize to the European Union, citing its six-decade-long contribution "to the advancement of peace and reconciliation, democracy and human rights in Europe." But the EU's crucial role in uniting a fragmented, war-torn continent has lately been eclipsed by political infighting and a financial crisis that threaten to tear it apart. Will the EU continue to serve as a beacon of peace?

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  1. roach111_westend61_getty images_shipping trade Westend61/Getty Images

    A Global Economy Without a Cushion

    Stephen S. Roach

    From 1990 to 2008, annual growth in world trade was fully 82% faster than world GDP growth. Now, however, reflecting the unusually sharp post-crisis slowdown in global trade growth, this cushion has shrunk dramatically, to just 13% over the 2010-19 period, leaving the world economy more vulnerable to all-too-frequent shocks.

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