When US Secretary of the Treasury Henry Morgenthau opened the Bretton Woods Conference almost 80 years ago, he reminded delegates that failures of international cooperation had led to the Great Depres ...More
EJ Insight2022-05-13
Humanity currently faces multiple, interlinked existential crises. The catastrophic consequences of climate change, ecological degradation, and biodiversity loss have cascading knock-on effects on hum ...More
EJ Insight2022-05-12
Wars often erupt and persist because of the two sides’ miscalculations regarding their relative power. In the case of Ukraine, Russia blundered badly by underestimating the resolve of Ukrainians to fi ...More
EJ Insight2022-05-12
A growing crescendo of commentary places the blame for the current surge in US inflation squarely on the Federal Reserve. But much of the criticism is stupefyingly naive about the political pressures ...More
EJ Insight2022-05-10
When I first met Jean-Louis Missika, then-Deputy Mayor of Paris in charge of architecture and urban planning, in 2014, he welcomed me with an urgent question: How can we fast-track urban innovation? Y ...More
EJ Insight2022-05-09
Europe seems to change most decisively as a result of crises. The European Union was created in the aftermath of World War II. The 2008 global financial crisis and the eurozone crisis that followed le ...More
EJ Insight2022-05-06
Global geopolitical attention remains focused on the war in Ukraine. But a significant shift, potentially even more serious in the long run than Russia’s invasion of its neighbor, seems to be occurrin ...More
EJ Insight2022-05-06
When Russian tanks rolled into Ukraine, private-debt crises were probably already brewing – albeit hidden from view – in many parts of the world, as a result of the economic disruptions caused by the ...More
EJ Insight2022-05-06
As Russian missiles pound Ukrainian cities, and as Ukrainians fight to defend their country, some avowed realists might say, “So much for soft power.” But such a response betrays a shallow analysis. P ...More
EJ Insight2022-05-05
Russian Foreign Minister Sergei Lavrov recently accused the West of fighting a proxy war in Ukraine. This is inaccurate and misleading. In fact, the West is supporting both sides of this conflict – an ...More
EJ Insight2022-05-04
Is the global economy flying into a perfect storm, with Europe, China, and the United States all entering downturns at the same time later this year? The risks of a global recession trifecta are risin ...More
EJ Insight2022-05-03
“The higher you go; the fewer women there are.” This observation by the Nobel Peace Prize laureate and environmental trailblazer Wangari Maathai, reflects a reality familiar to all women who have aspi ...More
EJ Insight2022-04-29
The new reality with which many advanced economies and emerging markets must reckon is higher inflation and slowing economic growth. And a big reason for the current bout of stagflation is a series of ...More
EJ Insight2022-04-29
Since COVID-19 engulfed the world two years ago, “unprecedented” has become something of a buzzword. But while the coronavirus has posed unique challenges at a time of deep global interconnectedness, ...More
EJ Insight2022-04-27
As we mark the 52nd Earth Day, we must recognize that achieving net-zero carbon dioxide emissions by 2050 will require significant investment to finance the necessary economic and social transitions. ...More
EJ Insight2022-04-26
The International Monetary Fund’s revised World Economic Outlook (WEO) is sobering. It is rare for the organization to revise down sharply its projections for economic growth just one quarter into the ...More
EJ Insight2022-04-26
The casualties in Russian President Vladimir Putin’s war against Ukraine extend well beyond the Ukrainians whom Russian forces are directly targeting. Russia’s aggression also threatens the global sus ...More
EJ Insight2022-04-25
Commentators have generally offered two arguments about advanced economies’ performance since COVID-19 struck, only one of which can be true. The first is that the economic rebound has been surprising ...More
EJ Insight2022-04-22
Russia’s war in Ukraine is a humanitarian catastrophe that violates the United Nations Charter and international humanitarian law, and has exacerbated socioeconomic and environmental crises around the ...More
EJ Insight2022-04-21
The quest for carbon neutrality has begun in earnest. More than 70 countries, including the world’s biggest polluters, have set net-zero targets for carbon dioxide emissions, with hundreds of cities, ...More
EJ Insight2022-04-20
