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The trilemma of central bank digital currencies

Central banks around the world continue to contemplate issuing their own digital currencies (CBDCs). Some have already taken steps in this direction. The People’s Bank of China launched a trial of its ...More

EJ Insight2022-11-11

It’s the energy system, stupid

Ordinary people around the world are suffering from two massive, overlapping problems: surging living costs and the fallout from a rapidly warming climate. In the Horn of Africa, 22 million people are ...More

EJ Insight2022-11-10

The age of megathreats

A variety of megathreats is imperiling our future – not just our jobs, incomes, wealth, and the global economy, but also the relative peace, prosperity, and progress achieved over the past 75 years. F ...More

EJ Insight2022-11-09

Russians’ struggle: Should I stay or should I go?

It is not exactly clear how many Russians have left their country since the beginning of the war on Ukraine. Some say more than a million, some say less. But sheer numbers may be less important than t ...More

EJ Insight2022-11-08

How developing countries can reach net zero

The world’s developing economies are gearing up for a fight ahead of next month’s United Nations Climate Change Conference (COP27) in Egypt. The gathering will provide low- and middle-income countries ...More

EJ Insight2022-11-07

The next global resource crisis

The West’s dependence on China for so-called critical minerals once worried only a handful of experts and policy wonks. Now, the anxiety has gone mainstream, capturing headlines and becoming the subje ...More

EJ Insight2022-11-04

A historical recount of US economy policy

The big lesson of the past 60 years of US economic policy, according to former vice chair of the US Federal Reserve and current Princeton University economist Alan S. Blinder’s new book, A Monetary an ...More

EJ Insight2022-11-04

The evolution of America’s China strategy

In its new national security strategy, US President Joe Biden’s administration recognizes that Russia and China each present a different kind of challenge. Whereas Russia “poses an immediate threat to ...More

EJ Insight2022-11-04

The regulator US financial markets need

When Gary Gensler became chair of the US Securities and Exchange Commission in April 2021, he started to tighten regulation on some parts of the financial sector. Eighteen months later, the industry’s ...More

EJ Insight2022-11-02

China girds for tough times

Last month, the world’s attention was focused on the 20th National Congress of the Communist Party of China (CPC). Beyond the headline-grabbing developments – especially President Xi Jinping’s confirm ...More

EJ Insight2022-11-02

The pesticide double standard

Pesticide residue can be found everywhere: in the air we breathe, the food we eat, and the water we drink. A growing body of evidence suggests that herbicides, insecticides, and fungicides cause appro ...More

EJ Insight2022-11-02

China’s diminishing returns

The Communist Party of China’s 20th National Congress, which gave President Xi Jinping an unprecedented third term as general secretary, also featured a leadership shakeup that replaced market-oriente ...More

EJ Insight2022-11-01

The West needs an energy and resource alliance

The old line that “history does not repeat itself, but often rhymes,” is an apt description of the evolving relationship between the West and its rivals. During the Cold War, the Soviet Union was a gl ...More

EJ Insight2022-10-31

Human rights hold the key to protecting biodiversity

In October 2021, two tractors with a large chain stretched between them cleared more than 2,000 hectares of forest in the Brazilian Cerrado, one of the world’s most biodiverse areas. Tragically, such ...More

EJ Insight2022-10-31

Who broke American democracy?

The current mainstream narrative in the United States holds that democracy is under threat from MAGA zealots, election deniers, and Republicans who are threatening to ignore unfavorable results (as we ...More

EJ Insight2022-10-28

Why do Americans vote for extremists?

American voters seem poised to hand the Republican Party control of the House of Representatives, and possibly the Senate as well, in November’s midterm elections. The same goes for many state races, ...More

EJ Insight2022-10-28

Health solidarity is health security

Kicking off the United Nations’ second annual Sustainable Development Goals Moment last month, UNICEF Goodwill Ambassador Priyanka Chopra Jonas emphasized the role of solidarity as a driver of change. ...More

EJ Insight2022-10-27

China’s coming clash with economic reality

Judging by the reporting from the Communist Party of China’s 20th National Congress, Xi Jinping, newly anointed to an unprecedented third term as president, is tightening his political grip and streng ...More

EJ Insight2022-10-25

Fixing the food trade

Between rising hunger and the prospect of still more supply shortages, dark clouds are hovering over the global food system. Not only has the war in Ukraine limited access to, and raised prices for, f ...More

EJ Insight2022-10-24

Down goes the yen

On September 22, Japan’s government purchased yen on the foreign-exchange market for the first time since 1998. The finance ministry was attempting to stem the yen’s rapid slide, and for a while, the ...More

EJ Insight2022-10-21

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