17 October 2018

Real Insight

  • US President Donald Trump has exploited popular anger to advance his own interests. But he did not create that anger; America’s elites have spent decades doing that. Photo: Reuters

    Anger in America

    - Jun 26, 2018 1:07pm
    Many blame today’s populist rebellion in the West on the far right, which has won votes by claiming to be responding to working-class grievances, while stoking fear and promoting polarization. But, in blaming leaders who have...
  • It is hoped that next year’s European Parliament election will help advance the thorough restructuring of the European political scene. Photo: Reuters

    Toward a more democratic Europe?

    - Jun 22, 2018 10:20am
    A year ago, Emmanuel Macron’s decisive victory in the French presidential election, and his party’s subsequent success in legislative elections, caused many to breathe a sigh of relief. The rising tide of extremist populism in the...
  • No one died from radiation released by the 2011 accident at Japan’s Fukushima Daiichi plant. The negative impact resulted from inept regulation and evacuation procedures. Photo: Bloomberg

    Rediscovering the promise of nuclear power

    - Jun 22, 2018 10:05am
    At the 2015 United Nations Climate Change Conference in Paris, world leaders at last seemed to recognize the reality of climate change. But the response they are pursuing is fundamentally flawed, given its dependence on “renewable...
  • Trump’s ‘America First’ policies pose a direct threat to the post-war international order, but they could also be just what the long-stagnant European integration process needs. Photo: Bloomberg

    Why ‘America First’ means ‘Europe United’

    - Jun 11, 2018 10:20am
      One of the main arguments made in support of the United Kingdom’s withdrawal from the European Union is that the UK will be able to negotiate better trade deals with other countries – and even...
  • City planners should deploy technology in ways that make cities more inclusive for the poor, the disabled, the elderly, and other vulnerable people. Photo: Bloomberg

    Can smart cities be equitable?

    - Jun 8, 2018 10:19am
      Around the world, governments are making cities “smarter” by using data and digital technology to build more efficient and livable urban environments. This makes sense: with urban populations growing and infrastructure under strain, smart cities...
  • Even if the best bet is that any emerging-market bond meltdown would remain contained, today’s jitters ought to be a wake-up call, even for advanced economies. Photo: Bloomberg

    Are emerging markets the canary in the financial coal mine?

    - Jun 7, 2018 9:38am
      Are brewing exchange-rate and debt crises in Argentina and Turkey localized events without broader implications? Or are they early warning signs of deeper fragilities in bloated global debt markets that are being exposed as the...
  • Italy’s inflation-adjusted per capita GDP is currently lower than it was when the euro experiment began in 1998. Photo: Bloomberg

    Italy’s slow-motion euro train wreck

    Jun 4, 2018 9:17am
      The possibility of a populist, euroskeptic government coming to power in Italy has focused investors’ minds like few other events this year. The yield differential, or spread, between Italian and German bonds has widened sharply,...
  • If China wants a truly balanced, resilient and anti-fragile real economy and financial system, it will need to develop a comprehensive set of risk-sharing mechanisms. Photo: Bloomberg

    Managing China’s global risks

    - May 30, 2018 9:53am
    The world economy and international system are now characterized not only by deep interconnectedness, but also by intensifying geopolitical rivalries. For China, the situation is complicated further by US President Donald Trump’s evident view of the...
  • 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...

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