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Is a global recession really around the corner?

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

UK will remain very challenged unless there are bolder policies

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

Who’s ready to fight plastic pollution?

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

Can Italy resist fossil-fuel nostalgia?

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

From climate justice to climate liability

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

Another annus horribilis for the Fed

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

Climate change is making us sick

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

Why the US must ban non-compete clauses

 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

The use and abuse of inflation history

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

Too much gloom and doom?

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

A financial agenda for India’s G20 presidency

On December 1, India assumed the presidency of the G20. It is not exactly a propitious time to take on the role. A global economic slowdown is coming. The war in Ukraine continues to upend energy, foo ...More

EJ Insight2022-12-14

Food security is national security

Despite containing 60% of the world’s uncultivated arable land, Africa has been a net food importer for decades. According to the most recent estimates, food imports are the biggest budget item for ma ...More

EJ Insight2022-12-13

Debunking solar geoengineering

As climate chaos threatens the Global North and the lifestyles of the world’s richest people, we might expect to hear elites demand a rapid exit from reliance on fossil fuels. Instead, a controversial ...More

EJ Insight2022-12-13

The global climate-finance challenge

The dust has now settled after the United Nations Climate Change Conference (COP27) in Egypt, but there are still many unanswered questions about how to finance emissions reductions and adaptation. Th ...More

EJ Insight2022-12-12

All pain and no gain from higher interest rates

Central banks’ unwavering determination to increase interest rates is truly remarkable. In the name of taming inflation, they have deliberately set themselves on a path to cause a recession – or to wo ...More

EJ Insight2022-12-12

What US leadership can do for nature

In his narration for the Netflix series Our Great National Parks, former US President Barack Obama describes a sloth as harboring “an entire micro-kingdom” in his fur. “Researching him will help fight ...More

EJ Insight2022-12-09

Eco-economic development

The Earth’s biodiversity and the services provided by healthy ecosystems are under massive pressure from climate change and the challenge of supporting eight billion people in a sustainable way. Key e ...More

EJ Insight2022-12-08

FIFA’s World Cup follies

Count on the International Federation of Association Football, better known as FIFA, to come up with a fatuous slogan for the World Cup in Qatar: “Football Unites the World.” An official promotional v ...More

EJ Insight2022-12-08

What the COP15 Biodiversity Conference must do

The recent United Nations Climate Change Conference (COP27) in Sharm El-Sheikh offered encouraging but insufficient signs of an emerging political consensus on the need for global solidarity in the fa ...More

EJ Insight2022-12-08

The silent progressive majority

The world heaved a sigh of relief this month when the feared “red wave” of Republican victories in the US midterms failed to materialize. While the Republicans took the House of Representatives by a n ...More

EJ Insight2022-12-07

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