Project syndicate Project Syndicate - The World’s Opinion Page Mon, 28 May 2018 10:51:43 +0300 <![CDATA[Trump Cancels, China Wins]]> By pulling out of the planned nuclear summit with North Korean leader Kim Jong-un, Donald Trump has somehow managed to make the United States look worse than any other strategic actor in East Asia. China, in particular, now finds itself in an even stronger position.

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<![CDATA[The Coming Wave of Climate Displacement]]> Not since 1951 has the international community produced a treaty to protect the legal status of the world's refugees. Now, two agreements are currently under discussion at the United Nations, and each offers a rare opportunity to protect global migrants from the biggest source of displacement today.

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<![CDATA[Should Economists Make Moral Judgments?]]> At least since the days of John Maynard Keynes, professional economists have not had to worry too much about the moral implications of their technical work. But that is quickly changing with the global march of illiberalism, and economists now must ask themselves hard ethical questions before dispensing policy advice.

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<![CDATA[The Perils of European Deposit Insurance]]> The European Commission and the European Central Bank are wrong to advocate a Europe-wide deposit insurance scheme. While some form of deposit insurance is not a bad idea, a one-size-fits-all state-provided solution would do more harm than good.

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<![CDATA[What Sank the Kim-Trump Summit?]]> The abrupt cancellation of next month's planned meeting between the North Korean and US leaders should surprise no one. Developments in recent weeks exposed three factors that doomed the initiative to collapse.

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<![CDATA[The Myth of the “Aging Society”]]> For the past two centuries, governments have approached demographic issues with the assumption that calendar years are an objective indicator of age. But with a rapid increase in lifespans over the past few decades, age is not what it used to be, and unless public policy reflects that fact, the dividends of longevity may be squandered.

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<![CDATA[Will Defunding Hungary and Poland Backfire?]]> Since 2014, when the European Union last adopted its seven-year budget, the governments of Poland and Hungary have been captured by populists who have little regard for EU values and institutions. But while it stands to reason that the EU is considering a suspension of both governments' funding, whether it should do so is not straightforward.

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<![CDATA[The Value of Measuring Financial Inclusion]]> Most financial policy decisions are based on observed regularities in data, which makes the World Bank’s Global Findex database a goldmine for analysis. Beyond supporting evidence-based policymaking, the report also spurs healthy competition among countries in areas that ultimately improve citizens’ wellbeing.

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<![CDATA[A New Keeper of Putin’s Secrets]]> Even before Russian President Vladimir Putin won reelection to another six-year term, there was growing speculation about how he intends to preserve his power and legacy after 2024. But with the nomination of Alexei Kudrin to the government's central budgeting body, Putin's long-term plan seems to be taking shape.

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<![CDATA[An Economic Platform for US Democrats]]> A driving force behind Donald Trump’s election as US president was the median household’s perception that it had been left behind by globalization and technological change. Fortunately, from an economist’s perspective, it isn’t difficult to think of proposals that would expand the economic pie and distribute the slices more equitably.

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<![CDATA[The German Rules Trap]]> To acknowledge that the eurozone can function only on a foundation of solidarity and interdependence would be to engage in precisely the kind of thinking that German ordoliberals have always rejected. But, as French President Emmanuel Macron well knows, that is precisely the kind of thinking Europe needs today.

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<![CDATA[Why Reinvent the Monetary Wheel?]]> Cryptocurrencies promise to realize Friedrich Hayek’s dream of a free market in money. But human societies have discovered no better way to keep the value of money roughly constant than by relying on central banks to exercise control over its issue.

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<![CDATA[Can Multiparty Democracy Work in Multiethnic Malaysia?]]> Malaysia’s political landscape has been transformed by the ouster of Prime Minister Najib Razak and the ruling United Malays National Organization. But while celebration is in order, a key question remains: can democracy ever truly take root in a country where ethnic, religious, and linguistic divisions run so deep?

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<![CDATA[A Bilateral Foil for America’s Multilateral Dilemma]]> The May 19 deal between the US and China seems to have reduced tensions between the two countries. But, given the global nature of America's trade deficit, any effort to impose a solution focusing on one country will likely backfire.

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<![CDATA[North Korean Action for US Words?]]> How the summit between US President Donald Trump and his North Korean counterpart, Kim Jong-un, will play out is anyone's guess. But it is already clear that by promising to secure significant concessions from the North before the US will even consider concessions of its own, Trump has set himself a monumental challenge.

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<![CDATA[The Debt Challenge to African Growth]]> From increases in life expectancy to steep declines in infant mortality, many of Sub-Saharan Africa’s development indicators are heading in the right direction. But with public-debt levels increasing, fiscal reforms are needed to ensure that the region's progress isn't stifled by interest payments.

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<![CDATA[The World According to Trump and Xi]]> Trump’s “America First” strategy and Xi’s “Chinese dream” are founded on a common premise: that the world’s two biggest powers can act in their own interest with impunity. The G2 world order that they are creating is hardly an order at all; for everyone else, it's a trap.

]]> Tue, 22 May 2018 15:47:10 +0300
<![CDATA[Richard Haass on Trump’s North Korea Strategy]]> The planned summit between US President Donald Trump and North Korean leader Kim Jong-un is one of the most anticipated bilateral engagements of the twenty-first century. But as Richard Haass of the Council on Foreign Relations notes, the optimism, while warranted, should not overshadow the hard work that remains.

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<![CDATA[Do Children Cause Global Warming?]]> Across all cultures, raising a child is considered one of the most rewarding things a person can do. Yet a chorus of campaigners, scientists, and journalists is suggesting that everyone should think twice before procreating.

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<![CDATA[The Philippines’ Chinese Invaders]]> President Rodrigo Duterte’s pivot to China in October 2017 has led to a $328 million plan to rebuild Marawi City, recently liberated from the control of ISIS-affiliated extremists. But the reconstruction plan could fuel the fans of Islamic radicalism again.

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