As the Brexit train lurches forward with no clear direction, it is useful to look back at another dramatic episode in European Union politics for possible guidance: the Grexit that never happened. Alt ...More
EJ Insight2019-02-15
In the last few years, globalization has come under renewed attack. Some of the criticisms may be misplaced, but one is spot on: globalization has enabled large multinationals, like Apple, Google, and ...More
EJ Insight2019-02-14
After the synchronized global economic expansion of 2017 came the asynchronous growth of 2018, when most countries other than the United States started to experience slowdowns. Worries about US inflat ...More
EJ Insight2019-02-11
When I participated in the Chatham House/Daiwa Research Institute conference on the post-Brexit Japan-UK relationship in Tokyo last month, it was my first visit back to Japan since my departure from G ...More
EJ Insight2019-02-11
Should the United Kingdom go through with its withdrawal from the European Union, one of the most severe unintended consequences will probably be the exodus of a significant share of top professionals ...More
EJ Insight2019-02-11
Earlier this month, Jim Yong Kim abruptly resigned from his post as World Bank president, leaving a pillar of the international financial order without leadership or direction. Kim will join a private ...More
EJ Insight2019-02-01
With the European Central Bank having recently ended quantitative easing (QE), this is an appropriate time to reflect on the policy’s impact. Three conclusions seem obvious: the ECB’s asset purchases ...More
EJ Insight2019-02-01
Last Friday, a wave of relief spread across the United States. A completely pointless and highly damaging partial government shutdown was over. Unfortunately, what we learned from the episode was extr ...More
EJ Insight2019-02-01
Why has Germany, the land of history-making innovators like Johannes Gutenberg and Albert Einstein, not produced high-tech giants like Google, Amazon, or Facebook? Some blame the stigma associated wi ...More
EJ Insight2019-01-31
Even before the 2008 global financial crisis laid bare the limits of China’s export-oriented growth model, the country’s leaders were stressing the need for quality growth. In 2007, then-Premier Wen ...More
EJ Insight2019-01-30
It is a near-tragedy that the United States and the United Kingdom – the two countries most identified with long-established stable constitutional frameworks – are now ranked among the world’s most dy ...More
EJ Insight2019-01-29
Since its introduction two decades ago, the euro has faced serious challenges. So far, it has survived intact. Yet, on the common currency’s 20th anniversary, it is worth identifying problems that h ...More
EJ Insight2019-01-28
The populist revolts in the United States and the United Kingdom have each reached a critical juncture. At the start of his third year in office, US President Donald Trump is presiding over the longe ...More
EJ Insight2019-01-23
In reaction to the ongoing “Yellow Vest” revolt in France, President Emmanuel Macron has decided to hold a “grand” nationwide debate. Over the coming months, locally organized workshops, internet-bas ...More
EJ Insight2019-01-22
Will global cooperation finally emerge from the doldrums in 2019? The international community’s recent agreement on a "rulebook" for implementing the Paris climate agreement seems to offer some hope. ...More
EJ Insight2019-01-17
In 1942, William Beveridge issued an epoch-defining report that established a model for welfare states in the post-war era. He recognized that the old social protection system had broken down and that ...More
EJ Insight2019-01-15
As Mark Twain never said, “It ain’t what you don’t know that gets you into trouble. It’s what you think you know for sure that just ain’t so.” Over the course of this year and next, the biggest econom ...More
EJ Insight2019-01-14
過去數年，很多人及國家領袖都視全球化為一個有待清除的禍害，反而支持保護主義及單邊主義。這與不久前全球化廣泛地被 ...全文
For most of the past decade, the growing spending power of China’s expanding middle class has fueled the global economy. After the 2008 financial crisis, I argued that the United States and China wou ...More
EJ Insight2019-01-11
