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How much has the pandemic cost?

As the COVID-19 pandemic entered its third year, the United States was enjoying a protracted stock-market boom, and China’s global trade surplus had reached record highs. There is reason to believe th ...More

EJ Insight2022-01-28

The necessary rise of Africa's health tech

Africa’s health systems suffer from serious inefficiencies. Countries across the continent struggle with disruptions in medical equipment and drug supply chains, last-mile health-services delivery, me ...More

EJ Insight2022-01-27

Banks and the green leap forward

Many of us had hoped, perhaps naively, that global leaders gathering at the United Nations Climate Change Conference (COP26) in Glasgow last fall would significantly accelerate international and natio ...More

EJ Insight2022-01-26

How Facebook became the opium of the masses

In the war on disinformation, the enemy can be hard to determine. Journalists, politicians, governments, and even grandparents have been accused of enabling the spread of online falsehoods. While none ...More

EJ Insight2022-01-21

Asia’s emissions-reduction plan for the world

World leaders came together in Glasgow last November to map out a path to mitigate the worst effects of climate change. But while the United Nations Climate Change Conference (COP26) was undoubtedly a ...More

EJ Insight2022-01-21

A pro-family agenda for America starts in California

As of early 2022, the fate of US President Joe Biden’s ambitious plan for delivering an equitable and sustainable economic recovery is uncertain. Failure to pass the $1.75 trillion Build Back Better ( ...More

EJ Insight2022-01-19

A bad year for US equity market?

Last month, I identified what I saw as the big issues of 2022, noting that I could not recall a time when there were so many sources of uncertainty, both known and unknown. The main issue was inflatio ...More

EJ Insight2022-01-17

Cities and the climate-data gap

With cities facing disastrous climate stresses and shocks in the coming years, one would think they would be rushing to implement mitigation and adaptation strategies. Yet most urban residents are onl ...More

EJ Insight2022-01-14

What Biden should do on trade

Former US President Donald Trump’s isolationist and protectionist “America First” policies seriously damaged America and its global leadership role. Raising tariffs on imports to the United States – i ...More

EJ Insight2022-01-14

Whatever happened to soft power?

As 2021 drew to a close, Russia had massed troops near its border with Ukraine; China had flown military jets near Taiwan; North Korea was still pursuing its nuclear-weapons program; and Taliban fight ...More

EJ Insight2022-01-14

History by decree

Song Gengyi, a journalism teacher in Shanghai, was fired last month for doing her job. She had encouraged her students to verify official accounts of the 1937 Nanjing Massacre, the orgy of mass murder ...More

EJ Insight2022-01-13

Argentina’s COVID miracle

Although COVID-19 has been hard on everyone, it has not been an “equal opportunity” disease. The virus poses a greater threat to those who are already in poor health, many of whom are concentrated in ...More

EJ Insight2022-01-12

Fighting deforestation on the ground

The protection and conservation of biomes, especially tropical rainforests, is critical to achieve climate goals, especially in countries with abundant forest cover. Nevertheless, the latest monitorin ...More

EJ Insight2022-01-11

Pessimism amid progress

Humanity as a whole is wealthier today than at any time in its history. And yet, from the short-term challenge of the pandemic to the existential threat of global warming, there is a widespread sense ...More

EJ Insight2022-01-07

Why is IMF trying to be an aid agency?

Who is going to clean up the inevitable financial mess in emerging markets if persistent inflation forces the US Federal Reserve to start raising interest rates significantly? The International Moneta ...More

EJ Insight2022-01-05

The democratic threat to democracy

US President Joe Biden’s recent Summit for Democracy came at a time when democracy appears to be in retreat. Autocratic leaders such as Chinese President Xi Jinping are claiming that their systems can ...More

EJ Insight2022-01-04

Clouds over 2022

Despite dips and disruptions from new variants of COVID-19, 2021 turned out to be a relatively positive year for economies and markets in most parts of the world. Growth rose above its potential after ...More

EJ Insight2021-12-31

The mutation of vaccine apartheid

The reaction by governments in the Global North to the discovery of the Omicron variant of COVID-19 in South Africa has provided further proof – as if any more were needed – of the deeply inequitable ...More

EJ Insight2021-12-30

Does Japan vindicate modern monetary theory?

Public debt has soared since the 2008 financial crisis, and especially during the COVID-19 pandemic. According to the International Monetary Fund, the ratio of public debt to GDP in advanced economies ...More

EJ Insight2021-12-23

The US must not make empty threats

As Russia masses troops along its border with Ukraine, fears of an invasion are mounting. The United States has warned that Russia would pay a heavy price, exacted first and foremost through economic ...More

EJ Insight2021-12-23

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