Project syndicate Project Syndicate - The World’s Opinion Page Sun, 22 Jan 2017 23:27:47 +0300 <![CDATA[Adrift in Trump’s New Century]]> The late British historian Eric Hobsbawm famously called the period between Archduke Franz Ferdinand’s assassination in 1914 and the Soviet Union’s collapse in 1991 the “short twentieth century.” But, if anything, the twentieth century went long: it ended with Donald Trump's inauguration as US president.

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<![CDATA[The Middle East’s Next Moment of Reckoning]]> When the Arab Spring erupted in December 2010, advocates for change in the Arab world had reason to be hopeful. But, as we saw in 2016, authoritarianism has returned, and whether that trend can be reversed in 2017 will depend on how well regional and international leaders have absorbed lessons from the recent past.

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<![CDATA[Trumping Capitalism?]]> Donald Trump’s presidency is a symptom of an interregnum between economic orders – a period that will result in a new balance between state and market. While his administration’s economic policies are unlikely to provide the right answer, they may at least show the world what not to do.

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<![CDATA[Trump’s Alternative Ethical Universe]]> From the moment Donald Trump entered the US presidential race, the potential for an unprecedented array of ethics violations, stemming from his global business interests, has been a ticking time bomb, set to detonate on January 20, 2017. Boom.

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<![CDATA[Can Saudi Arabia Reform Itself?]]> In 2017, Saudi Arabia will continue to pursue two key goals: to reduce its economy's dependence on oil revenues and government spending; and to position the Kingdom as a regional hegemon that can meet any threat. The country's transformation will be difficult, but it is necessary, not least for regional stability.

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<![CDATA[Populism and the Future of Central Banking]]> With populist movements gaining ground, their complaints about independent monetary policymakers could now change the relationship between central banks, treasuries, and legislatures. The question for 2017 is whether that would be a good thing, or whether central-bank independence should be defended against the coming attack.

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<![CDATA[Brexit Into Trumpland]]> British Prime Minister Theresa May is leading the UK toward a very hard Brexit in 2019 – and potentially off a cliff. Her objectives for negotiating with the EU make clear her intention to prioritize hardline Brexiteers’ demands over the country’s economic interests.

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<![CDATA[Taming the Chaebols]]> At the heart of South Korea's political turmoil – in which the National Assembly has already the president impeached – is the reciprocal relationship between politicians and the giant family-owned conglomerates that dominate the economy. The government should take this opportunity to dismantle this decades-old system.

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<![CDATA[From Economic Analysis to Inclusive Growth]]> Developed-economy policymakers are seeking a recipe for inclusive economic growth, whereby high rates of investment and rapid innovation are pursued alongside measures to reduce income inequality. The Scandinavian model is often invoked in support of this approach, but could it really work in a country like the US?

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<![CDATA[Hope for Global Health in 2017]]> From the bombing of hospitals in conflict zones to the outbreak of the Zika virus, 2016 seemed to be one of unrelenting tragedy for global health. But, buried among all of the bad stories, there were some inspiring developments, including innovative diagnostic tools, new vaccines, and more.

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<![CDATA[Breaking the Oil Spell in 2017]]> One clear lesson for oil-exporting countries in recent years, and especially in 2016, is that they should be adjusting their public policies to promote innovation and diversify their economies. These countries’ sole growth engine – oil revenues – is running in low gear, and will continue to do so indefinitely.

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<![CDATA[Which Way for Emerging Markets in 2017?]]> The prevailing economic forecast for 2017 predicts that, under President-elect Donald Trump’s incoming administration, the US will expand its fiscal-stimulus policies, the dollar will strengthen, and emerging markets will suffer. But there are four reasons to doubt the conventional wisdom.

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<![CDATA[Aligning the West for an Uncertain World]]> Wed, 18 Jan 2017 19:30:05 +0300 <![CDATA[Connectivity and the Modern Refugee]]> For refugees, connectivity is not only a matter of survival; it also provides a route to self-reliance, boosting their own wellbeing and enabling them to contribute to their host communities. So it is vital that governments and the private sector ensure that the promise of Internet access for all includes displaced people.

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<![CDATA[The Illusions Driving Up US Asset Prices]]> Speculative markets have always been vulnerable to illusion, and in the US, two have been sustaining asset-price gains since November's presidential election. But seeing the folly in markets provides no clear advantage in forecasting outcomes, because changes in the force of an illusion are difficult to predict.

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<![CDATA[Meeting the Populist Challenge]]> As the 2016 populist uprising made clear, private-sector executives can no longer celebrate the far-reaching benefits of global capitalism, while ignoring its costs. They, along with politicians and policymakers, have a major part to play in solving such problems as rising inequality, stagnant wages, and structural unemployment.

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<![CDATA[Geoengineering Climate Change]]> Even climate activists increasingly recognize that the lofty rhetoric of the global agreement to reduce greenhouse-gas emissions, concluded in Paris just over a year ago, will not be matched by its promises’ actual impact on temperatures. This should make us think about smart, alternative solutions.

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<![CDATA[When Tweets Trump Diplomacy]]> Diplomacy often witnesses unusual spats: the Pig and Potato War of 1859, the Bogotá Bracelet incident of 1970, and the Affair of the Dancing Lamas in 1924, to name just a few. But none was more surprising than the just-concluded Episode of the Offensive Doormats.

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<![CDATA[The Economic Policy Trump Should Pursue]]> As Donald Trump assumes the US presidency, a group of 35 prominent international business leaders is stepping forward to defend open markets, endorse the fight against climate change, and demand a massive push against global inequality. These are the core elements of the only viable economic strategy for the US and the world.

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<![CDATA[America’s Russian Hypocrisy]]> The allegations by US intelligence agencies that Russia purveyed fake news and released hacked emails, in order to hurt Hillary Clinton’s chances against Donald Trump, are far from baseless. But what it really exposes is the pattern of duplicity that has pervaded US foreign policy.

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