26 May 2018

Real Insight

  • How serious is North Korean leader Kim Jong-un about denuclearization? Photo: AFP

    North Korean action for US words?

    - May 24, 2018 1:44pm
    Just days ago, the planned summit in Singapore between US President Donald Trump and North Korean leader Kim Jong-un seemed to be hanging by a thread. Talks are still on track, but the North Koreans have...
  • US President Donald Trump's decision to abandon the 2015 Iran nuclear deal demonstrates that Europe relies far too much on the United States for its security and prosperity. Photo: Bloomberg

    A blueprint to save the Iran deal

    - May 21, 2018 9:54am
    There can no longer be any doubt that “America First” means precisely that. In abandoning the 2015 Iran nuclear deal, US President Donald Trump rejected the advice of allies and showed an utter disregard for the...
  • German Chancellor Angela Merkel and French President Emmanuel Macron will have to work together for eurozone cohesion. Photo: AFP

    Europe’s double opportunity

    - May 17, 2018 1:32pm
    Europe has a decision to make. It can stand by as nationalism and authoritarianism flourish from the United States (with Donald Trump’s “America First” approach) to China (which is moving from a single-party system to a...
  • It would seem that higher education is an area where the United Kingdom truly excels. And yet the UK’s impending withdrawal from the European Union could threaten this success. Photo: Bloomberg

    How universities can soften the Brexit blow

    - May 17, 2018 1:16pm
    The United Kingdom ranks around 22nd among countries in terms of population. Its economy is somewhere between the fifth- and seventh-largest in the world in terms of nominal GDP (in US dollars), which is comparable to...
  • To prove that he is not being played “like a fiddle,” Donald Trump will need to carry out several tasks simultaneously when he meets with North Korean leader Kim Jong-un. Photo: Reuters

    What to expect from the Trump-Kim summit

    - May 2, 2018 10:20am
    Since the April 27 summit between South Korean President Moon Jae-in and his North Korean counterpart Kim Jong-un, US President Donald Trump has sought, unsurprisingly, to portray himself as the mastermind behind inter-Korean diplomacy. But, despite...
  • Given that predictions of AI’s impact range from minor job-market disruptions to human extinction, the world needs a new framework to analyze and manage the coming technological disruption. Photo: Bloomberg

    A precautionary approach to AI

    - May 2, 2018 10:07am
      For policymakers anywhere, the best way to make decisions is to base them on evidence, however imperfect the available data may be. But what should leaders do when facts are scarce or non-existent? That is...
  • Studies conducted by IMF staff and others in the wake of the financial crisis have concluded that banks need much more loss-absorbing equity. Photo: Bloomberg.

    Is the financial sector safe enough yet?

    - Apr 18, 2018 11:58am
    A decade after the global financial crisis, policymakers worldwide are still assessing how best to prevent bank failures from tanking the economy again. Two recent publications – one from the US Department of the Treasury, and...
  • Broadening the tax base will require new approaches to measuring value in the economy. Photo: Bloomberg

    Rethinking the 21st century economy

    - Apr 17, 2018 3:58pm
    Before the threat of a US-China trade war arose, surging stock markets and corporate profits had obscured the fact that the global economic system is under existential stress. Global financial stability remains considerably in doubt. Indeed,...
  • As artificial intelligence (AI) and robotic technologies advance fast, a significant percentage of the workforce in developed economies is expected to be displaced within the next decade. Photo: Bloomberg

    No worker left behind

    - Apr 17, 2018 10:45am
    A week rarely goes by without a new dystopian prediction about technologically driven mass unemployment. As artificial intelligence (AI) and robotic technologies advance faster than even their own developers expected, studies are finding that many of...
  • Cryptocurrency billionaires could help fund projects that improve the management of health-care finances. Photo: Bloomberg

    How should the crypto-rich spend their money?

    - Apr 16, 2018 12:20pm
    In February, Forbes published its first-ever list of cryptocurrencies’ richest people. The top ten were each worth around US$1 billion, while the wealthiest – an American blockchain innovator named Chris Larsen – was estimated to be...
  • EU's model of economic openness, social cohesion, and strong institutions can provide an alternative to the isolationist and nationalist tendencies that are threatening global cooperation. Photo: Bloomberg

    Europe’s double opportunity

    - Apr 11, 2018 10:49am
    Europe has a decision to make. It can stand by as nationalism and authoritarianism flourish from the United States (with Donald Trump’s “America First” approach) to China (which is moving from a single-party system to a...
  • The eurozone’s financial-liberalization process amounted to a more profound shift for the periphery than for the core countries. Photo: Bloomberg

    How inequality fueled the euro crisis

    - Apr 10, 2018 9:38am
    Since the Great Recession of 2007-2009, most economists have begun to regard finance as a key driver of the business cycle. But the precise dynamics are not yet fully understood. For example, the University of Chicago’s...
  • US President Donald Trump should realize that what matters is the multilateral trade deficit, not bilateral trade deficits with any one country. Photo: Reuters

    Trump’s trade confusion

    - Apr 9, 2018 10:42am
    The trade skirmish between the United States and China on steel, aluminum, and other goods is a product of US President Donald Trump’s scorn for multilateral trade arrangements and the World Trade Organization, an institution that...
  • We will need to develop an approach that advances innovation within a framework of coordinated deliberation about future social and political arrangements. Photo: Reuters

    Reimagining security and rethinking economics

    - Apr 9, 2018 9:39am
    Now that the world is facing a trade war and the growing possibility that the West could find itself in a real war, we would do well to reconsider the lessons of the interwar period. Many...
  • Gray rhinos, or obvious but often ignored dangers, can make a huge impact on stock markets. Photo: Reuters

    Gray rhinos beset global stock markets

    - Apr 9, 2018 9:14am
    Recent turbulence in stock markets can be attributed to “gray rhinos”. “Gray rhino” has become a catchword since early last year, after American writer Michele Wucker published her best-selling book, The Gray Rhino: How to Recognize...
  • When China’s leaders formulate and execute policies, they tend to think in terms of decades. Photo: Reuters

    The right way to judge Chinese governance

    - Mar 27, 2018 9:45am
    Following China’s “two sessions” – the annual meetings of the national legislature and the top political advisory body – all Western observers, it seems, are discussing the removal of the two-term limit for the president. Xi...
  • To achieve a democratic digital future, the world needs to change how it thinks about technology. Photo: Bloomberg

    Engineering a more responsible digital future

    - Mar 16, 2018 10:04am
      The world is being battered by technological disruption, as innovations such as big data analytics, artificial intelligence (AI), robotics, the Internet of Things, blockchain, 3D printing, and virtual reality change how societies and economies work....
  • President Xi Jinping casts his ballot during a vote on a constitutional amendment lifting presidential term limits, at the third plenary session of the National People's Congress  in Beijing on Sunday. Photo: Reuters

    Missing the forest for the Xi

    - Mar 13, 2018 10:26am
    In recent weeks, Western media commentators have focused extensively on the Communist Party of China’s (CPC) decision to abolish presidential term limits, which will allow Xi Jinping to remain in power indefinitely. Unsurprisingly, they have generally...
  • A cryptocurrency mining facility in Austrla. Today’s 'coin mania' is not unlike the railway mania at the dawn of the industrial revolution in the mid-nineteenth century, say the authors. Photo: Bloomberg

    The blockchain pipe dream

    - Mar 6, 2018 10:11am
    Predictions that bitcoin and other cryptocurrencies will fail typically elicit a broader defense of the underlying blockchain technology. Yes, the argument goes, over half of all “initial coin offerings” to date have already failed, and most...
  • AI and other new technologies will eventually come to have a much larger impact on global growth than they have up to now. Photo: Bloomberg

    Economists vs scientists on long-term growth

    - Mar 5, 2018 10:39am
    Most economic forecasters have largely shrugged off recent advances in artificial intelligence (for example, the quantum leap demonstrated by DeepMind’s self-learning chess program last December), seeing little impact on longer-term trend growth. Such pessimism is surely...

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