All human interaction is characterized by a mixture of competition and cooperation, and that extends to international trade and monetary policy. Which approach is preferable depends on the context, including what the other players are doing.
Koichi Hamada is Professor Emeritus at Yale University and a special adviser to Japanese Prime Minister Shinzo Abe.
After the global risk-off of late 2018, a newfound dovishness on the part of central bankers has combined with other positive developments to revive investors’ animal spirits. But with a wide array of financial and political risks clearly in view, one should not assume that the current ebullience will last the year.
Nouriel Roubini, a professor at NYU’s Stern School of Business and CEO of Roubini Macro Associates, was Senior Economist for International Affairs in the White House’s Council of Economic Advisers during the Clinton Administration. He has worked for the International Monetary Fund, the US Federal Reserve, and the World Bank.
Prime Minister Binyamin Netanyahu’s Faustian pact with the far right may have clinched him a narrow victory in the latest election, but it has come at the expense of Israel’s democracy as well as its security. Those who still yearn for peace have no choice but to keep hope alive and await a generation of more enlightened leadership.
Javier Solana was EU High Representative for Foreign and Security Policy, Secretary-General of NATO, and Foreign Minister of Spain. He is currently President of the ESADE Center for Global Economy and Geopolitics, Distinguished Fellow at the Brookings Institution, and a member of the World Economic Forum’s Global Agenda Council on Europe.
Peter Singer is Professor of Bioethics at Princeton University, Laureate Professor in the School of Historical and Philosophical Studies at the University of Melbourne, and founder of the non-profit organization The Life You Can Save. His books includeAnimal Liberation, Practical Ethics, The Ethics of What We Eat (with Jim Mason), Rethinking Life and Death, The Point of View of the Universe, co-authored with Katarzyna de Lazari-Radek, The Most Good You Can Do, Famine, Affluence, and Morality, One World Now, Ethics in the Real World, and Utilitarianism: A Very Short Introduction, also with Katarzyna de Lazari-Radek. In 2013, he was named the world’s third “most influential contemporary thinker” by the Gottlieb Duttweiler Institute.
Jim O’Neill, a former chairman of Goldman Sachs Asset Management and a former UK Treasury Minister, is Chairman of Chatham House.
Despite the ominous headlines, the influence of fake news on political decision-making appears to be limited. But that does not make digital deception any less dangerous; fake news feeds – and is fed by – polarization, and, paradoxically, the more it is discussed, the more disruptive it becomes.
Madeleine de Cock Buning, Professor of Digital Politics, Economy, and Societies in the School of Transnational Governance at the European University Institute, was Chair of the European Commission’s High-Level Group on Fake News and Online Disinformation.
Miguel Maduro, former Advocate General at the European Court of Justice, is Professor of European Law and Director of the Global Governance Program at European University Institute.
For years, China has defied the widely held view that political openness is necessary for long-term economic development. But recent macroeconomic developments now suggest that the country’s exceptionalism is nearing its expiry date, with potentially devastating effects for the global economy.
Arvind Subramanian, a former chief economic adviser to the government of India, is a senior fellow at the Peterson Institute for International Economics and a visiting lecturer at Harvard’s Kennedy School of Government. He is the author of Eclipse: Living in the Shadow of China’s Economic Dominance.
Josh Felman is Director of JH Consulting.
British Prime Minister Theresa May’s strategy of threatening a no-deal Brexit requires a hard deadline that forces her opponents to capitulate. Without that, “running down the clock” becomes “kicking the can down the road,” which more accurately reflects May’s paradoxical combination of robotic inflexibility and exasperating indecisiveness.
Anatole Kaletsky is Chief Economist and Co-Chairman of Gavekal Dragonomics. A former columnist at the Times of London, the International New York Times and the Financial Times, he is the author of Capitalism 4.0, The Birth of a New Economy, which anticipated many of the post-crisis transformations of the global economy. His 1985 book, Costs of Default, became an influential primer for Latin American and Asian governments negotiating debt defaults and restructurings with banks and the IMF.
The goal of the Chinese president’s guiding doctrine is not to launch a new cold war with the West, or to export China’s political model. Rather, Xi wants to shore up the authority of the party-state within his country, including by ensuring that Chinese are not exposed to liberal-democratic ideas.
Steve Tsang is Director of the SOAS China Institute at the University of London’s School of Oriental and African Studies.
Strong support for immigration and globalization in the US sits uneasily with the view that “populism” is a problem. In fact, the term remains vague and explains too little – particularly now, when support for the political forces it attempts to describe seems to be on the wane.
Joseph S. Nye, Jr., is a professor at Harvard University and author of Is the American Century Over? and the forthcoming Do Morals Matter? Presidents and Foreign Policy from FDR to Trump.