The past few years have been characterized by growing political instability, which increases the risk of abrupt policy reversals that could dampen investment and undermine global economic growth.
U.S. and Chinese leaders seem to have fully accepted the logic of economic decoupling. But what exactly will decoupling entail and what will its consequences be?
Continuing to tout the unrealistic 1.5 C global warming goal is unrealistic; but setting a more feasible target raises risks of its own.
The global economy’s dire and deteriorating prospects, together with the scale of the climate challenge, have opened world leaders’ eyes to the risks that deglobalization poses.
After enjoying a long period of deflationary conditions, the global economy is being pushed by a wide range of forces toward a new and more difficult equilibrium.
A recession can be avoided if policymakers recognize the large role that supply-side measures must play in restoring price stability.
The green transition is a powerful mechanism for increasing resilience and reducing vulnerability to the weaponization of energy supplies.
The world needs a benign form of strategic competition more than ever, where countries strive to reach the forefront of innovation without trying to prevent others from challenging them.
The Lewis turning point is being reached in developing countries as their expanding export sectors are absorbing the surplus labor in traditional sectors like agriculture.
Attitudes on both sides are hardening, with Washington and Beijing settling into a comfortable but unproductive certitude that it occupies the moral high ground.
