Around the world, high inflation, slow economic growth, and food shortages are hurting the poor the most. Coming on top of the unequal effects of the COVID-19 pandemic, today’s multiple crises have al ...More
EJ Insight2022-07-13
British Prime Minister Boris Johnson’s chaotic government, and its equally chaotic collapse, are not the only source of panic in the United Kingdom nowadays. There is growing anxiety about the exchang ...More
EJ Insight2022-07-11
When the Soviet Union collapsed in 1991, Ukraine inherited part of its nuclear arsenal. But in the 1994 Budapest Memorandum, Ukraine agreed to return these weapons to Russia in exchange for “assurance ...More
EJ Insight2022-07-11
Without Uber, would many taxi services have developed their own ride-hailing apps or started accepting credit cards when they did? In static industries with little competition, it takes new competitor ...More
EJ Insight2022-07-08
Russia’s war on Ukraine has sent shockwaves around the world. Oil prices have skyrocketed and food prices have soared, causing political instability. The last time food prices were this volatile, riot ...More
EJ Insight2022-07-08
Rich Western industrialized countries appear to be caught in a time loop, with unexpectedly higher inflation bringing back not just memories of the 1970s but also that era’s policy debates and the pol ...More
EJ Insight2022-07-07
Over the past two and a half years, world oil and gas prices have been subject to demand shocks and supply shocks – and sometimes both simultaneously. The resulting volatility in energy markets is bot ...More
EJ Insight2022-07-06
Four months into the invasion of Ukraine, the Russian army continues to grind its way relentlessly through the Donbas region. Some Western commentators are calling for more weapons to be supplied fast ...More
EJ Insight2022-07-06
Who would want to be responsible for monetary policy in 2022? To judge from the fierce economic and political debates underway around the world, it is as though open season has been declared on centra ...More
EJ Insight2022-07-01
The global financial and economic outlook for the year ahead has soured rapidly in recent months, with policymakers, investors, and households now asking how much they should revise their expectations ...More
EJ Insight2022-06-30
The world is facing a triple crisis of food, energy, and water scarcity. While its immediate triggers were the COVID-19 pandemic and the Ukraine war, its roots run much deeper: a culture of relentless ...More
EJ Insight2022-06-29
There has been much talk lately of a return to 1970s economic conditions. Here in the United Kingdom, year-on-year inflation reached 9.1% in May, and disruptive labor strikes are dominating the headli ...More
EJ Insight2022-06-28
In July 2021, the European Commission did something that no other major governing body had ever attempted: It tied trade policy to climate policy. Reaching the European Union’s goal of cutting net gre ...More
EJ Insight2022-06-27
Human-induced climate change is causing dangerous and widespread environmental disruption and affecting the lives of billions of people around the world. According to the Intergovernmental Panel on Cl ...More
EJ Insight2022-06-23
Leading economies have been afflicted with new problems over the past year. The United States is struggling with both supply-chain blockages and a critical shortage of baby formula. The European Union ...More
EJ Insight2022-06-21
I spend most days advocating for action that could be considered radical. But today, I am advocating for plain common sense. In March, the US Securities and Exchange Commission proposed a new rule tha ...More
EJ Insight2022-06-21
The United States appears to have entered a new cold war with both China and Russia. And US leaders’ portrayal of the confrontation as one between democracy and authoritarianism fails the smell test, ...More
EJ Insight2022-06-20
Just as one generation gives way to the next, global challenges are superseded by a new cohort. The once-in-a-century COVID-19 pandemic – and the risk that other dangerous new viruses may emerge at an ...More
EJ Insight2022-06-17
When Russian President Vladimir Putin ordered his invasion of Ukraine on February 24, he envisaged a quick seizure of Kyiv and a change of government analogous to Soviet interventions in Budapest in 1 ...More
EJ Insight2022-06-17
In its most recent assessment, the Intergovernmental Panel on Climate Change offered a comprehensive outline of what it will take to keep global warming below 1.5° Celsius, relative to pre-industrial ...More
EJ Insight2022-06-16
