Tag: Project-Syndicate

The Metamorphosis of Growth Policy (Dani Rodrik, Project-Syndicate)

Industrialization has been essential to reducing poverty historically. But today’s global and technological context implies that economic growth in developing countries is now possible...

A Facelift for Facebook (Steven Hill, Project-Syndicate)

The free market has never been a free-for-all, yet tech companies have long operated with few constraints on their business models. Perhaps the latest...

Cryptocurrencies’ Next Stage (Aleh Tsyvinski, Project-Syndicate)

This “mainstreaming” of blockchain applications marks the end of the first stage of the technology’s development. Now, with the help of regulators in a...

After “Doing Business” (Mauricio Cárdenas, Project-Syndicate)

Following its recent business-environment rankings scandal, the World Bank will have to overcome a deep trust deficit and take drastic steps to restore public...

Dancing with the Debt Ceiling (Barry Eichengree, Project-Syndicate)

Even in 2013, a year of partisan rancor, Democrats and Republicans agreed to suspend the US federal government’s debt ceiling just a week before...

Global Standards for Stablecoins (Ashley Alder, Jon Cunliffe, Project-Syndicate)

When used at scale as a means of payment, stablecoins can present material risks to the financial system. A new consultative report on applying...

The COVID Inflation Scare (Daniel Gros, Project-Syndicate)

Central banks become concerned, and usually start tightening policy, when higher inflation fuels higher inflation expectations among consumers. Current trends suggest that US policymakers...

The Bitcoin Fountainhead (Daron Acemoglu, Project-Syndicate)

While it is clear that cryptocurrencies are here to stay, it remains to be seen what economic role they will – or should –...

The Neglected Sources of China’s Economic Resilience (Zhang Jun, Project-Syndicate)

Many China-watchers are pessimistic about its prospects, arguing that it remains overly reliant on Western technology. But thanks to a huge, interconnected market, and...

Argentina’s Confidence Game (Hector R. Torres, Project-Syndicate)

Argentina once again finds itself running out of dollars and urgently in need of assistance from the International Monetary Fund. But with a ruling...

Central Banks and the Looming Financial Reckoning (Willem H. Buiter, Project-Syndicate)

Across the advanced economies, central banks have rightly prioritized maintaining financial stability and supporting the real economy over fighting inflation with interest-rate hikes. But...

Award the Nobel Peace Prize to Nature’s Protectors (Juan Manuel Santos, Svenia Schulze, Carole Dieschbourg, Teresa Ribera, Zac Goldsmith, Pascal Canfin, Project-Syndicate)

The Nobel Committee's decision to award the 2007 Nobel Peace Prize to the Intergovernmental Panel on Climate Change was instrumental in thrusting global warming...

Putting Public Finance on the Right Side of History (Werner Hoyer, John Murton, Project-Syndicate)

With the urgency of the climate crisis becoming clearer by the day, governments and multilateral lenders must end public financing for fossil fuels and...

Will the Federal Reserve Support Inclusive Prosperity? (Simon Johnson, Project-Syndicate)

Lael Brainard, one of two female governors on the Fed board, has consistently argued that it is premature to raise interest rates until inflation...

The Geopolitical Conquest of Economics (Jean Pisani-Ferry, Project-Syndicate)

Although economics and geopolitics have never been completely separate domains, international economic relations were shaped for 70 years by their own rules. But the...

Betting on Italy (Michael Spence, Project-Syndicate)

Italy has endured more than two decades of slow economic growth and below-potential performance. But two factors now seem to be changing the game:...