Project Syndicate
Around the world loud voices are calling for countries to become carbon neutral by 2050 but the costs will be enormous. Much higher R&D spending on green energy solutions would be far more effective, says Bjørn Lomborg
21st May 19, 9:29am
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Around the world loud voices are calling for countries to become carbon neutral by 2050 but the costs will be enormous. Much higher R&D spending on green energy solutions would be far more effective, says Bjørn Lomborg
The experience of Latin America should serve as a clear warning for today’s Modern Monetary Theory enthusiasts. There, fiscal expansions that were financed by printing money spun catastrophically out of control
19th May 19, 6:02am
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The experience of Latin America should serve as a clear warning for today’s Modern Monetary Theory enthusiasts. There, fiscal expansions that were financed by printing money spun catastrophically out of control
Amid the sound and fury of northern hemisphere populists, you may think Australia has been spared the turmoil sweeping democracies. But perhaps it's not an outlier if you focus on the decline of the mainstream
16th May 19, 9:55am
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Amid the sound and fury of northern hemisphere populists, you may think Australia has been spared the turmoil sweeping democracies. But perhaps it's not an outlier if you focus on the decline of the mainstream
This year’s anniversaries of the 1919 and 1989 student protests in China will highlight the Chinese authorities’ contradictory attitudes toward the two movements. At some point it will have to reckon with its own history
4th May 19, 9:47am
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This year’s anniversaries of the 1919 and 1989 student protests in China will highlight the Chinese authorities’ contradictory attitudes toward the two movements. At some point it will have to reckon with its own history
Strategic asset-allocation decisions determine most of an investment portfolio’s subsequent return. Investors need to focus more on their portfolio composition and worry less about active or passive positions
2nd May 19, 9:38am
7
Strategic asset-allocation decisions determine most of an investment portfolio’s subsequent return. Investors need to focus more on their portfolio composition and worry less about active or passive positions
Yu Yongding advocates China going back to expansionary monetary and fiscal policies, alongside its necessary structural adjustment, to keep social wellbeing improving
30th Apr 19, 9:27am
1
Yu Yongding advocates China going back to expansionary monetary and fiscal policies, alongside its necessary structural adjustment, to keep social wellbeing improving
Washington has been loose with facts, analysis, and conclusions about China, and the American public has been far too gullible in its acceptance of this false narrative, says Stephen Roach. He wants objectivity and honesty in assigning blame
27th Apr 19, 9:43am
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Washington has been loose with facts, analysis, and conclusions about China, and the American public has been far too gullible in its acceptance of this false narrative, says Stephen Roach. He wants objectivity and honesty in assigning blame
Ann Lee says demonising China as a totalitarian state that threatens to overturn the US-led world order risks damaging the global economy by curtailing trade and fueling intense military competition
27th Apr 19, 9:23am
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Ann Lee says demonising China as a totalitarian state that threatens to overturn the US-led world order risks damaging the global economy by curtailing trade and fueling intense military competition
All human interaction, including international trade and monetary policy, is characterised by a mixture of competition and cooperation. Which is best depends on the context, including what the other players are doing
23rd Apr 19, 3:22pm
All human interaction, including international trade and monetary policy, is characterised by a mixture of competition and cooperation. Which is best depends on the context, including what the other players are doing
A shift to clean energy is now feasible owing to the plummeting costs of solar and wind power, and breakthroughs in energy storage. The total system costs of renewable energy now rival fossil fuels
22nd Apr 19, 10:02am
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A shift to clean energy is now feasible owing to the plummeting costs of solar and wind power, and breakthroughs in energy storage. The total system costs of renewable energy now rival fossil fuels
Digital flows and services are already too big and important to ignore. Governments need to look beyond manufacturing and agriculture when they assess their external balances, competitive positions and setting policy
22nd Apr 19, 9:33am
1
Digital flows and services are already too big and important to ignore. Governments need to look beyond manufacturing and agriculture when they assess their external balances, competitive positions and setting policy
No one knows what China’s future holds despite many of faulty predictions of systemic collapse or stagnation. Neither is likely, although they face challenges that are far more serious than many observers seem to think
20th Apr 19, 9:46am
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No one knows what China’s future holds despite many of faulty predictions of systemic collapse or stagnation. Neither is likely, although they face challenges that are far more serious than many observers seem to think
As lifestyles in developing economies improve dramatically, many in the advanced economies are seeing their wellbeing deteriorate. Without fundamental change it is difficult to imagine them having a prosperous future
10th Apr 19, 11:28am
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As lifestyles in developing economies improve dramatically, many in the advanced economies are seeing their wellbeing deteriorate. Without fundamental change it is difficult to imagine them having a prosperous future
Foreign banks are becoming easy targets for populist expropriation, especially in Central and Eastern Europe. And as they pull back so are necessary capital flows for development
6th Apr 19, 2:05pm
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Foreign banks are becoming easy targets for populist expropriation, especially in Central and Eastern Europe. And as they pull back so are necessary capital flows for development
The changes China’s economy has undergone are sweeping, unprecedented, and essential. The world would be far better served by understanding them than by trying to prove these achievements are less impressive than they are
6th Apr 19, 2:01pm
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The changes China’s economy has undergone are sweeping, unprecedented, and essential. The world would be far better served by understanding them than by trying to prove these achievements are less impressive than they are
The days of 10% annual growth for the Chinese economy have ended, as was inevitable. But the real story is not the slowdown, but the shift in Chinese output from quantity to quality
30th Mar 19, 10:53am
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The days of 10% annual growth for the Chinese economy have ended, as was inevitable. But the real story is not the slowdown, but the shift in Chinese output from quantity to quality
The OECD's global initiative aimed at combating tax evasion could have dire economic consequences in China, argues Antonio Foglia
22nd Mar 19, 10:38am
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The OECD's global initiative aimed at combating tax evasion could have dire economic consequences in China, argues Antonio Foglia
Decades of climate-change exaggeration in the West have produced frightened children, febrile headlines, and unrealistic political promises
14th Mar 19, 9:48am
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Decades of climate-change exaggeration in the West have produced frightened children, febrile headlines, and unrealistic political promises
Miao Yanliang welcomes the Chinese central bank's more open communication and increasingly flexible exchange-rate regime
7th Mar 19, 2:12pm
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Miao Yanliang welcomes the Chinese central bank's more open communication and increasingly flexible exchange-rate regime
Because honest emissions cuts are staggeringly hard to make, achieving carbon neutrality anytime soon is an empty ambition. But countries continue to make big promises and massage their numbers to give a false sense of progress
6th Mar 19, 1:51pm
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Because honest emissions cuts are staggeringly hard to make, achieving carbon neutrality anytime soon is an empty ambition. But countries continue to make big promises and massage their numbers to give a false sense of progress
During China’s shift toward a market-driven economy, in its trade talks with the US it can commit not to keep the value of the renminbi artificially low, but it must reject demands to keep the exchange rate stable against the US dollar
2nd Mar 19, 10:12am
1
During China’s shift toward a market-driven economy, in its trade talks with the US it can commit not to keep the value of the renminbi artificially low, but it must reject demands to keep the exchange rate stable against the US dollar
Tran Le Thuy notes that while Vietnam's wealth is growing rapidy, so, too, is cronyism and corruption. Trump recommended Vietnam as a model for North Korea
2nd Mar 19, 9:00am
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Tran Le Thuy notes that while Vietnam's wealth is growing rapidy, so, too, is cronyism and corruption. Trump recommended Vietnam as a model for North Korea
Koichi Hamada argues that reversing expansionary policies too quickly is riskier than maintaining them for too long
1st Mar 19, 7:30am
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Koichi Hamada argues that reversing expansionary policies too quickly is riskier than maintaining them for too long
Stephen Roach points out that China and the US have economies where longer-term fundamentals compel a very different verdict on relative strength, whatever the trade talks deliver
25th Feb 19, 10:41am
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Stephen Roach points out that China and the US have economies where longer-term fundamentals compel a very different verdict on relative strength, whatever the trade talks deliver
As the current business cycle nears its inevitable end, investors should not lose sight of the unprecedented technological, political, and liquidity risks that will make the next cycle uniquely perilous
21st Feb 19, 10:44am
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As the current business cycle nears its inevitable end, investors should not lose sight of the unprecedented technological, political, and liquidity risks that will make the next cycle uniquely perilous