Project syndicate Project Syndicate - The World’s Opinion Page Thu, 27 Apr 2017 02:27:49 +0300 <![CDATA[A World Turned Inside Out]]> Slowly but surely, a bruised and battered global economy now appears to be shaking off its deep post-2008 malaise. But this hardly means that the world is returning to normal; on the contrary, the global growth dynamic has undergone an extraordinary transformation during the last nine years.

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<![CDATA[Fixing Fixed-Investment Incentives]]> No one can say for sure why business investment has not increased in recent years, even during periods of buoyant economic growth. But, contrary to the conventional wisdom, one can be sure that business leaders' collective fear of economic uncertainty is not the prime culprit.

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<![CDATA[Trump’s Diplomatic Deficit]]> Connecting the strategic dots between Afghanistan, Syria, and North Korea has become an unavoidable task. Only by doing so can the world begin to discern something resembling a coherent, if misguided, approach to US foreign policy by the current administration.

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<![CDATA[The Sino-American Employment Challenge]]> Following Chinese President Xi Jinping’s summit with US President Donald Trump earlier this month, it seems that the status quo in the bilateral relationship will be maintained. As the two leaders cope with job-destroying technological disruptions, that could be very good news for Chinese and US workers alike.

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<![CDATA[Why Companies Should Refuse Trump’s Deregulation]]> US President Donald Trump may seem like a dream come true for business: a businessman himself, he is eager to please companies with extensive deregulation. But if companies aren’t careful, they will come to regret what they wished for.

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<![CDATA[Why Europe Still Needs Cash]]> With the digital revolution generating ever-faster and more convenient means for settling transactions, old-fashioned paper money and coins would seem to have no future. But the three main reasons for abolishing them do not withstand scrutiny.

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<![CDATA[Germany’s Coming Silver Age]]> Record levels of migration to Germany over the last two years have called into question population projections. But because German society will still continue to age in the coming decades, policymakers must resist the temptation to postpone or water down politically painful retirement and pension-policy decisions.

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<![CDATA[Will London Survive Brexit?]]> Brexit has set a hungry cat among the financial pigeons of the City of London. No one yet knows what kind of access to the EU’s single financial market UK-based firms will have, and European centers have spotted an opportunity to claw some of this business back.

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<![CDATA[Asia’s American Menace]]> US President Donald Trump’s transactional approach to foreign policy has produced a series of dazzling flip-flops. Lacking any guiding convictions, much less clear strategic priorities, Trump has confounded America’s allies and strategic partners, particularly in Asia – jeopardizing regional security in the process.

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<![CDATA[Inconvenient Truths About the US Trade Deficit]]> Reducing the US trade deficit requires Americans to save more or invest less. On their own, policies that open other countries’ markets to US products, or close US markets to foreign products, will not change the overall trade balance.

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<![CDATA[Uniting Against Malaria]]> Building a prosperous African economy that works for all will be impossible, unless the continent eradicates the diseases that continue to deplete its communities of their most valuable resource: healthy people. One such disease is malaria, which in many African countries knocks a percentage point off annual economic growth.

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<![CDATA[The Making of Macron]]> Relief and pride are the main emotions many French citizens are feeling after the first round of the French presidential election, in which Emmanuel Macron finished first. The composition of the electorate ensures that a second-round victory for the far-right candidate, Marine Le Pen, while technically possible, is highly unlikely.

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<![CDATA[Who Is Marine Le Pen?]]> Marine Le Pen almost certainly will not become president of France next month. But, simply by reaching the election's second round, she has transformed the face and psyche of France for a long time to come.

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<![CDATA[Liberalism in the Trenches]]> After a dizzying few months, in which Donald Trump’s young presidency threw the entire post-1945 global order into question, the geopolitical status quo appears to have reemerged. But this is no time for complacency: defenders of the liberal international order still need a comprehensive foreign-policy strategy.

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<![CDATA[How to Renegotiate NAFTA]]> With US President Donald Trump’s administration seemingly committed to its campaign promise to renegotiate the North American Free Trade Agreement, it is worth asking how the 23-year-old deal could be improved. In fact, it could be strengthened in several ways.

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<![CDATA[New Life for the SDR?]]> The rise of anti-globalization political movements and the threat of trade protectionism have led some people to wonder whether a stronger multilateral core for the world economy would reduce the risk of damaging fragmentation. If so, enhancing the role of the IMF's incipient global currency may be the best option.

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<![CDATA[The Coming Technology Policy Debate]]> Technological progress brings far-reaching benefits, but it also poses increasingly serious threats to humankind. With governments and citizens already struggling with the consequences of recent innovations – from job displacement to security risks – technology policy is likely to take center stage in the coming decade.

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<![CDATA[Macron’s Mission]]> The centrist Emmanuel Macron’s success in the first round of the French presidential election is likely to re-energize Europe. But Macron’s plurality of the popular vote was narrow, and a much larger share of French voters showed support for a very different political vision.

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<![CDATA[The Limits of Economic Optimism]]> As the annual spring meetings of the World Bank and the IMF commence, these institutions, along with many private-sector actors, are projecting significantly faster growth this year than in 2016. Is their buoyant outlook warranted?

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<![CDATA[Trump’s Quixotic Energy Policy]]> April 22, 2017, marks one year since the international community came together and signed the Paris climate agreement. Given the threat to that agreement posed by US President Donald Trump's devotion to fossil-fuel producers, the world must now unite again to ensure a clean-energy future.

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