21 November 2018

Project Syndicate

  • A worldwide “war for talent” is being waged, and enterprises that manage their global talent pool well are marching ahead. Photo: Bloomberg

    The global talent race

    - Nov 21, 2018 10:16am
    More than 3 percent of all people live outside the country of their birth. But while the share of migrants in the world’s population has remained mostly stable for six decades, its composition has changed. The...
  • If a central bank digital currency were to be issued, it would immediately displace cryptocurrencies, which are not scalable, cheap, secure, or actually decentralized. Photo: Bloomberg

    Why central bank digital currencies would ruin cryptocurrencies

    - Nov 20, 2018 9:45am
    The world’s central bankers have begun to discuss the idea of central bank digital currencies (CBDCs), and now even the International Monetary Fund and its managing director, Christine Lagarde, are talking openly about the pros and...
  • The arbitrary and politically driven nature of Trump’s trade war with China will hurt US growth, argues Kenneth Rogoff. Photo: Bloomberg

    The global impact of a Chinese recession

    - Nov 8, 2018 9:59am
      When China finally has its inevitable growth recession – which will almost surely be amplified by a financial crisis, given the economy’s massive leverage – how will the rest of world be affected? With US...
  • For a growing number of people around the world, floods, landslides and heatwaves have become the new normal. Photo: Reuters

    Living with climate change

    - Nov 7, 2018 10:04am
    For anyone still undecided about the consequences of global warming, the summer of 2018, one of the hottest on record, should have tipped the scales. Across far-flung longitudes and latitudes, regions are struggling with the fallout...
  • America’s ideals of freedom, democracy, and justice for all may never have been fully realized, but now they are under open attack, says Joseph Stiglitz. Photo: Reuters

    Can American democracy come back?

    - Nov 7, 2018 9:38am
    The United States has long held itself up as a bastion of democracy. It has promoted democracy around the world. It fought, at great cost, for democracy against fascism in Europe during World War II. Now...
  • Recent developments show that when the right conditions are put in place, there can indeed be a market for developing new antibiotics. Photo: Bloomberg

    An earnest proposal for tackling AMR

    - Nov 5, 2018 9:52am
      Under Article 50 of the Treaty of Lisbon, the United Kingdom will leave the European Union on March 29, 2019. Presuming that it does (but even if it does not), the UK government should continue...
  • Deepening divisions within the UK and a painful divorce process seem to have raised awareness about the benefits of EU membership and the costs of populism. Photo: Reuters

    The Brexitization of European politics

    - Nov 1, 2018 9:58am
    Far from settling the question of the United Kingdom’s future, the 2016 Brexit referendum and subsequent negotiations with the European Union have triggered a full-blown identity crisis and culture war in Britain. Two years after the...
  • After decades of increasing openness and globalization, the world is retreating into fragmentation, thanks to the policies of US President Donald Trump. Photo: AFP

    America’s self-defeating China policy

    - Oct 31, 2018 9:44am
    Trade tariffs may be getting the most attention, but the conflict between the United States and China is actually being fought on multiple fronts, including exchange rates, technology, cyberspace, and even arms. This does not bode...
  • As mobile technology opens new doors of opportunity, it now makes humanitarian and business sense to target AI solutions far beyond Western countries, writes Tej Kohli.

    The promise of AI in the developing world

    - Oct 31, 2018 9:43am
    A common misperception among observers of digital trends is that consumers in developing countries do not benefit from advances in technology. Whether it is owning the latest smartphone or “employing” robot cleaners, the ability to access...
  • US President Donald Trump shakes hands with North Korean leader Kim Jong-un during their summit in Singapore on June 12. Since then, there has been no substantial progress toward denuclearization. Photo: Reuters

    Trump’s floundering North Korea strategy

    - Oct 29, 2018 7:36am
    “Insanity is doing the same thing over and over again and expecting different results.” This aphorism, often attributed to Albert Einstein, seems to be the inspiration for US President Donald Trump’s North Korea policy. Trump’s approach...
  • If left unaddressed, the yawning gap between under-connected and hyper-digitalized countries will widen, exacerbating existing inequalities. Photo: Bloomberg

    The digital divide is impeding development

    - Oct 24, 2018 11:15am
    It is easy to assume that access to the digital economy is ubiquitous, and that online shopping is the natural evolution of commerce. For example, in July, Amazon sold more than 100 million products to consumers...
  • New research shows the world may well be headed toward ecological and economic disaster. Photo: Reuters

    Is Hothouse Earth avoidable?

    Nearly 50 years ago, the Club of Rome’s report Limits to Growth warned that if economic growth continued apace without regard for the environment, the world could face ecological and economic collapse in the 21st century....
  • With the cryptocurrency bubble having gone bust, boosters have resorted to a defense of “blockchain”, the distributed-ledger software underpinning all cryptocurrencies. Photo: Bloomberg

    The big blockchain lie

    - Oct 16, 2018 9:01am
    With the value of Bitcoin having fallen by around 70 percent since its peak late last year, the mother of all bubbles has now gone bust. More generally, cryptocurrencies have entered a not-so-cryptic apocalypse. The value...
  • Progressives like Alexandria Ocasio-Cortez have managed to present an attractive message to the voters whom Democrats must mobilize to win. Photo: Reuters

    People vs money in America’s midterm elections

    - Oct 12, 2018 11:11am
    All eyes are on the United States as November’s Congressional elections approach. The outcome will answer many alarming questions raised two years ago, when Donald Trump won the presidential election. Will the US electorate declare that...
  • Donald Trump speaks on the US-Mexico-Canada Agreement, or USMCA, in the Rose Garden of the White House in Washington on October 1. Photo: Bloomberg

    The new and not improved NAFTA

    - Oct 10, 2018 10:07am
    US President Donald Trump acts as if he has pulled off a smashing victory by replacing the North American Free Trade Agreement (NAFTA) – supposedly “the worst trade deal ever” – with the new United States-Mexico-Canada...
  • Although Singapore’s growth has slowed, it still compares favorably to Europe. Photo: Bloomberg

    Crazy Rich Asia

    - Oct 10, 2018 9:54am
    In the surprise hit movie “Crazy Rich Asians” (based on a 2013 Kevin Kwan novel), a New York University economics professor (Rachel), travels with her boyfriend to Singapore to meet his family. There, she learns, apparently...
  • US international leadership must rest on American values, and on a broad perception of adherence to the unalienable principles underlying liberal democracy.  Photo: Reuters

    Reclaiming American internationalism

    Oct 9, 2018 10:20am
    To watch the debate play out in America’s news media, it would seem that the opposite of “America First” is American interventionism: a chronic penchant for leaping, to no apparent end, into wars of choice and...
  • US President Donald Trump seems to think that multilateralism dilutes American power, given that the United States can always use its economic and geopolitical clout to win a bilateral dispute. Photo: AFP

    What’s behind Trump’s trade war?

    - Oct 9, 2018 10:02am
    Since World War II’s end, trade has grown 50 percent faster than global GDP, owing largely to successive rounds of liberalization under the auspices of the World Trade Organization (previously the General Agreement on Tariffs and...
  • Clear message: To avoid severe economic and social shocks and protect essential ecosystems, we urgently need to limit the increase in global temperature to within 1.5° Celsius of the pre-industrial level. Photo: Reuters

    The latest climate science must mobilize us, not paralyze us

    The Intergovernmental Panel on Climate Change (IPCC), the United Nations body tasked with providing scientific evidence and consensus on climate change and its implications for decision-makers and the public, has just issued its latest, long-awaited report....
  • Once a champion of democracy, Hungary's Prime Minister Viktor Orbán is now mired in corruption scandals. Photo: Reuters

    Drain the EU swamp

    - Oct 5, 2018 1:54pm
    Populist leaders have long made gains by posing as the alternative to a “corrupt elite” that enriches itself at the expense of “the people”. According to the populists, only they can restore decency to governance. Or,...

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