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A son of the Cultural Revolution

Fifty years ago this month, Mao Zedong launched China’s Cultural Revolution – a decade of chaos, persecution and violence carried out in the name of ideology and in the interest of expanding Mao’s per ...More

EJ Insight2016-05-12

Tackling China's debt mountain

There is widespread agreement on two facts about the Chinese economy. First, the slowdown has ended and growth is picking up. Second, not all is well financially. But there is no agreement on what hap ...More

EJ Insight2016-05-12

How Donald Trump would weaken America

Donald Trump, the Republican Party’s presumptive US presidential nominee, has expressed deep skepticism about the value of America’s alliances. His is a very 19th century view of the world. Back then, ...More

EJ Insight2016-05-11

Brexit referendum breeding a divided society in Britain

Democracy everywhere is facing serious challenges. The United States is gripped by the most bizarre presidential primary campaign in living memory, with populist outsiders threatening to topple establ ...More

EJ Insight2016-05-10

Why vaccination programs need a shot in the arm

In February in Addis Ababa, African health ministers signed a widely celebrated declaration of their commitment to keeping immunization at the forefront of efforts to save the continent’s children fro ...More

EJ Insight2016-05-06

The Fed’s risky new mandate

"In this world, there are only two tragedies,” Oscar Wilde once wrote. “One is not getting what one wants, and the other is getting it.” As the US Federal Reserve inches closer to achieving its target ...More

EJ Insight2016-05-05

The false promise of helicopter money

One of the most prominent questions concerning the global economy today is whether monetary policy is approaching the limit of its effectiveness. Inflation remains well below target in the eurozone an ...More

EJ Insight2016-05-03

What's behind the global growth funk

The International Monetary Fund and others have recently revised downward their forecasts for global growth -- yet again. Little wonder: The world economy has few bright spots and many that are dimmin ...More

EJ Insight2016-05-03

貿然出走 國際系統易失調

英國在1973年加入歐盟前身的歐洲經濟共同體,到今年6月23日卻進行公投決定是否脫歐。英國應否這樣做? 目前民 ...全文

今日信報EJ GlobalEJ GLOBAL plus 信觀點Joseph Nye2016年04月30日

Overcoming market resistance to new antibiotics

From the strict perspective of some investors, astute financial management by a company to bolster its share price is a good thing. By this narrow logic, when it comes to the pharmaceutical industry, ...More

EJ Insight2016-04-29

Why we need independent energy bodies

The diplomats have done their job, concluding the Paris climate agreement in December. And political leaders gathered last week at the United Nations to sign the new accord. But implementation is sure ...More

EJ Insight2016-04-28

Latin America's moment

Much of the world’s attention is understandably focused on developments in the Middle East, Europe and Asia. These regions represent the vast majority of global population and wealth, their geopolitic ...More

EJ Insight2016-04-28

What's wrong with normal?

In Britain these days, one can’t avoid hearing and seeing more and more about the wretched campaign to spit in the face of the world (and of reality) and quit the European Union. Visiting the United S ...More

EJ Insight2016-04-27

Time to give Greece the debt relief it needs

Once again, Greece is at an inflection point. With its cash balances severely stressed, it seems unlikely to be able to pay the cascading debt payments that are falling due over the next few months. S ...More

EJ Insight2016-04-25

Cheap oil’s silver lining for the Gulf

In June 2014, a barrel of Brent crude – the main benchmark of the international oil market – sold for US$115. Today, less than two years later, the price is US$45 – or even less. Not surprisingly, tha ...More

EJ Insight2016-04-25

Why Japan's top e-shopping site uses English as company language

Five years ago, I stood before several thousand mostly native Japanese speakers and addressed them in English. From now on, I told them, Rakuten – Japan’s largest online marketplace, of which I am the ...More

EJ Insight2016-04-22

The migration superpowers

We have entered the age of migration. If all the people who live outside the country of their birth united to form their own – a republic of the rootless – it would be the fifth-largest country in the ...More

EJ Insight2016-04-21

How Germany views Brexit

On June 23, voters in Britain will decide whether their country will leave the European Union. They alone will cast ballots, but the political and economic impact of a vote to leave (“Brexit”) would b ...More

EJ Insight2016-04-20

Egypt for sale

Last week’s visit to Egypt by King Salman of Saudi Arabia resulted in 22 agreements, including a US$22 billion oil deal to prop up Egypt’s moribund economy. But the lavish aid came at a price: Egypt h ...More

EJ Insight2016-04-18

Here's why we should be optimistic about the global economy

Most economists nowadays are pessimistic about the world economy’s growth prospects. The World Bank has yet again downgraded its medium-term projections and economists the world over are warning that ...More

EJ Insight2016-04-18

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