The United States’ recently enacted Inflation Reduction Act (IRA), which includes hundreds of billions in federal subsidies for green technologies and renewable energies, marks a long-overdue shift in ...More
EJ Insight2023-01-12
With hindsight, 2022 will be seen as the year when artificial intelligence gained street credibility. The release of ChatGPT by the San Francisco-based research laboratory OpenAI garnered great attent ...More
EJ Insight2023-01-12
2022 was a tumultuous year in many ways. While climate-related shocks became even more prevalent and severe, Russia’s invasion of Ukraine triggered a global energy crisis that continues to affect mill ...More
EJ Insight2023-01-06
The failure of China’s zero-COVID policy is leading to a reassessment of Chinese power. Until recently, many expected China’s GDP to surpass that of the United States by 2030 or soon thereafter. But n ...More
EJ Insight2023-01-06
After a year of big surprises, led by Russia’s invasion of Ukraine, the global spike in inflation rates, and the collapse of cryptocurrency ventures, what kind of year will 2023 prove to be? This kind ...More
EJ Insight2023-01-05
The fact that the world did not experience a systemic financial crisis in 2022 is a minor miracle, given the surge in inflation and interest rates, not to mention a massive increase in geopolitical ri ...More
EJ Insight2023-01-05
Just as a corporate balance sheet can provide insights into a company’s financial health, a “global balance sheet” (GBS), tallying the assets and liabilities of governments, corporations, households, ...More
EJ Insight2023-01-04
Green hydrogen is all the rage these days. During November’s United Nations Climate Change Conference (COP27) in Egypt, German Chancellor Olaf Scholz announced that Germany will invest more than €4 bi ...More
EJ Insight2023-01-04
Inflation rose sharply throughout 2022 across both advanced economies and emerging markets. Structural trends suggest that the problem will be secular, rather than transitory. Specifically, many count ...More
EJ Insight2023-01-03
In November, hundreds of corporate CEOs and heads of state convened in Bali, Indonesia, for the B20 global business summit. The topics on the agenda this year revolved around three interconnected goal ...More
EJ Insight2022-12-28
The world’s leading economists spent most of 2022 convincing themselves that, if the global economy was not already in a recession, it was about to fall into one. But with the year’s end, the global s ...More
EJ Insight2022-12-28
A friend recently forwarded me an email from a client who was bemoaning the state of the United Kingdom and questioning whether it still met the standards of a G7 country. In response, I joked that si ...More
EJ Insight2022-12-23
In late November, the Intergovernmental Negotiating Committee on Plastic Pollution met for the first time. The INC was established by the United Nations Environment Assembly with a well-defined missio ...More
EJ Insight2022-12-22
In the face of Europe’s energy crisis, political and economic leaders in Italy, the European Union’s third-largest economy, are confronting two opposing forces. On one hand, there is fear of change, w ...More
EJ Insight2022-12-21
Many have dismissed last month’s COP27 climate conference as a failure, owing to the lack of progress on pledges made at the COP26 summit last year, and to the absence of clear commitments to phase ou ...More
EJ Insight2022-12-20
On the 40th anniversary of her accession to the throne, Queen Elizabeth II remarked that, “1992 is not a year on which I shall look back with undiluted pleasure. In the words of one of my more sympath ...More
EJ Insight2022-12-20
A day before the latest United Nations Climate Change Conference (COP27) began, a group of global experts convened by The Lancet published a report about the adverse health effects of climate change. ...More
EJ Insight2022-12-19
US President Joe Biden tweeted in August, “instead of workers begging employers for work, we’re seeing employers have to compete for American workers.” Many corporations, however, are not competing f ...More
EJ Insight2022-12-16
George Santayana famously observed that, “Those who cannot remember the past are condemned to repeat it.” But allow me to offer a corollary: Those who misremember the past may be led into error by mis ...More
EJ Insight2022-12-15
Nouriel Roubini thinks the global economy is “lurching toward an unprecedented confluence of economic, financial, and debt crises, following the explosion of deficits, borrowing, and leverage in recen ...More
EJ Insight2022-12-14
