It is often assumed that emerging-economy living standards are bound to converge with those in developed countries. But, leaving aside some oil exporters and the city states of Hong Kong and Singapore ...More
EJ Insight2015-06-22
Obtaining medicines from plants is not new. Aspirin was first isolated from the bark of the willow tree in the 18th century. And many other common pharmaceuticals, including morphine, codeine and the ...More
EJ Insight2015-06-22
After months of wrangling, the showdown between Greece and its European creditors has come down to a standoff over pensions and taxes. Greece is refusing to acquiesce to demands by its creditors that ...More
EJ Insight2015-06-17
It is impossible to know whom American voters will choose as their next president. But it is certain that the choice will have profound consequences, for better and for worse, for the entire world. Mo ...More
EJ Insight2015-06-16
To what extent should governments regulate or tax addictive behavior? This question has long framed public debate about alcohol, tobacco, gambling and other goods and services in many countries worldw ...More
EJ Insight2015-06-15
Come to Asia and you will hear a growing chorus of concern that China is building a sphere of influence in the region. To promote Chinese foreign investment, there is the Asian Infrastructure Investme ...More
EJ Insight2015-06-12
US President Barack Obama is still pressing to obtain Trade Promotion Authority and use it to conclude negotiations for the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment P ...More
EJ Insight2015-06-11
As the deepest economic crisis of our lifetimes stretches into its seventh year, most countries in the Organization for Economic Cooperation and Development are continuing to underperform. This year, ...More
EJ Insight2015-06-11
When a US Navy P8-A surveillance aircraft recently flew near Fiery Cross Reef in the Spratly Islands in the South China Sea, it was warned eight times by the Chinese Navy to leave the area. Foreign Mi ...More
EJ Insight2015-06-04
Ours is a world of impunity. Allegations of corruption swarmed around FIFA for decades, culminating in mass indictments of officials of the international soccer federation last week. Yet FIFA presiden ...More
EJ Insight2015-06-04
The financial brinkmanship over Greece’s debts has raised the question of whether (or when) the country will default. To be sure, it would be far better for Greece and its creditors to reach a negotia ...More
EJ Insight2015-06-03
A paradox has emerged in the financial markets of the advanced economies since the 2008 global financial crisis. Unconventional monetary policies have created a massive overhang of liquidity. But a se ...More
EJ Insight2015-06-01
Recent breakthroughs in our understanding of molecular mechanisms have revolutionized many fields of biology, including cell biology and developmental biology. So it is no surprise that these advances ...More
EJ Insight2015-05-28
The famously beautiful Indiana University campus, where I have been teaching a summer course for the new School of Global and International Studies, is now almost deserted. Most of its students, like ...More
EJ Insight2015-05-27
The People's Bank of China (PBoC) has cut interest rates for the third time in six months in order to lighten the debt burdens of companies and local governments. But the central bank's monetary easin ...More
EJ Insight2015-05-27
China has begun to stretch its economic and military muscles in recent years. In the South China Sea, it has built a series of quasi-military bases on the tiny Spratly Islands and deployed warships to ...More
EJ Insight2015-05-18
As negotiations between the European Union and the United States over the Transatlantic Trade and Investment Partnership (TTIP) move toward a final agreement, opponents of the proposed pact are becomi ...More
EJ Insight2015-05-15
The United States and the world are engaged in a great debate about new trade agreements. Such pacts used to be called “free trade agreements”. In fact, they were managed trade agreements, tailored to ...More
EJ Insight2015-05-14
Last month, the Netherlands hosted the Global Conference on Cyberspace 2015, which brought together nearly 2,000 government officials, academics, industry representatives and others. I chaired a panel ...More
EJ Insight2015-05-12
Months of negotiations between our government and the International Monetary Fund, the European Union and the European Central Bank have produced little progress. One reason is that all sides are focu ...More
EJ Insight2015-05-07
