Project syndicate Project Syndicate - The World’s Opinion Page Mon, 27 Mar 2017 05:44:16 +0300 <![CDATA[Muslim Anxieties and India’s Future]]> The recent election in Uttar Pradesh, India's largest state, gave Prime Minister Narendra Modi and his Bharatiya Janata Party a strong mandate, providing the government with a golden opportunity to advance economic development there, while reaching out to the Muslim population. But Modi seems intent on fueling Hindu chauvinism.

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<![CDATA[Defending Liberal Democracy in Poland]]> Fri, 24 Mar 2017 18:19:51 +0300 <![CDATA[Fighting for Life at 60]]> European Union heads of state just gathered to celebrate the 60th anniversary of the signing of the Treaty of Rome, while right-wing populists are threatening to destroy Europe’s open liberal societies. Although the Dutch election showed that such forces can be defeated, the risk of another populist upset remains real.

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<![CDATA[Problems from Hell]]> The political crises now brewing in Europe, the Middle East, and Asia do not just threaten to unleash enormous violence and fuel chronic instability. In the absence of effective international actors and institutions, they could also prove to be irresolvable.

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<![CDATA[The Coming Ban on Nuclear Weapons]]> On March 27, the United Nations will start negotiations on an international treaty to ban nuclear weapons. The nuclear weapon states will finally be put to the test: Will they keep their promises to disarm and join the treaty, or will they reject international law and the will of the global community?

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<![CDATA[How Corruption Fuels Climate Change]]> After the Paris climate agreement, efforts to combat corruption and global warming must go hand in hand. Corruption ensures that moneyed and powerful interests are free from rules that hold them in check, and it explains why governments have so far fallen short of upholding their commitments to reduce greenhouse-gas emissions.

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<![CDATA[Using Data to Find the Middle Ground]]> Today, many policy proposals are immediately identified as either “left-wing” or “right-wing," leaving little room for discussion. But there is a way to bypass such divisiveness: trusting cost-benefit analysis to identify the policies and investments that would have the biggest positive impact on society.

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<![CDATA[A More Dangerous Globalism]]> Today's most important political struggle is not between globalists and anti-globalists, but rather between two models of integration: one is multilateral and internationalist; the other is bilateral and imperialist. Throughout the modern age, the world has seesawed between them.

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<![CDATA[A Turkish Thorn in the EU’s Side]]> While the EU tries to weather a populist, nationalist storm that threatens its core institutions, some of its most important strategic allies have injected more uncertainty into the current political climate. Chief among them is Turkey, which has now taken an alarming turn away from democratic norms.

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<![CDATA[Nationalists and Globalists]]> Populism means a politics of the people, juxtaposed against a politics of the elites. But, at least in the US, President Donald Trump’s ideology – which has little to do with traditional Republican conservatism – frames the axis of division not as the many versus the few, but as nationalists versus globalists.

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<![CDATA[Trump the Destroyer]]> With all the skill of an experienced arsonist, US President Donald Trump is preparing America for a firestorm. Voters who thought they were supporting the only capable firefighter around have been played.

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<![CDATA[The Eurozone is Still Vulnerable]]> The eurozone remains fragile and uninsured against the risk of another crisis, not least because it is still vulnerable to asymmetric boom-and-bust cycles. Although reforms that were implemented in response to the last crisis have improved the situation at the aggregate level, efforts to achieve fiscal convergence have failed.

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<![CDATA[Mnuchin’s Mission]]> US Treasury Secretary Steven Mnuchin has so far avoided fulfilling one of Trump’s irrational promises: to label China a currency manipulator. Mnuchin should kill that promise once and for all, by acquainting his boss with reality.

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<![CDATA[The Sino-Korean Trade War Must End]]> Since South Korea decided to deploy a US missile-defense system, China has been attempting to use economic pressure to compel the South to reverse course. But, as long as North Korea poses such an acute threat, China’s opposition to it is pointless – and highly destructive.

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<![CDATA[Robotization Without Taxation?]]> The public reaction to recent proposals that robots be taxed when they replace human labor has been largely negative. But a moderate tax on robots – even a temporary levy that merely slows the adoption of disruptive technology – seems like a natural and obvious component of any policy to address rising inequality.

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<![CDATA[Trump or No Trump?]]> Ongoing congressional gridlock will be the key to continued buoyancy in US equity markets, says Gavekal Dragonomics’ Anatole Kaletsky. It’s when Trump’s agenda starts to be implemented that the euphoria will wane.

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<![CDATA[Europe’s Dutch Turning Point?]]> Tue, 21 Mar 2017 19:19:55 +0300 <![CDATA[Who’s Really Threatening Europe?]]> Opponents of immigration into the EU typically make one or more of four arguments: immigrants are weakening Christian values, undermining liberal democratic institutions, bringing terrorism, and burdening public budgets. But none of these claims withstands scrutiny.

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<![CDATA[Why Some Drug Prices Should Be High]]> The high prices of prescription medicines in the US have prompted much public anger, compelling President Donald Trump to promise to bring those prices down. But while this is a worthwhile goal, Trump must be careful to strike the right balance between accessibility and scientific innovation.

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<![CDATA[Keeping the Balkan Ghosts at Bay]]> Tue, 21 Mar 2017 16:00:30 +0300