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Preparing for climate overshoot

The latest report from the Intergovernmental Panel on Climate Change revealed what many had feared but were reluctant to admit: the continued failure to reduce greenhouse-gas emissions means that glob ...More

EJ Insight2022-05-20

Another global recession?

At the start of the year, I expressed concerns about the outlook for financial markets, owing to all the considerable uncertainties that I could identify, and to the many other potential risks that we ...More

EJ Insight2022-05-19

The IMF is still behind the times on capital controls

The International Monetary Fund’s revised policy framework for managing cross-border financial flows, approved by its Executive Board last month, broadens the circumstances under which countries may r ...More

EJ Insight2022-05-18

Fiscal capture at the ECB

Since the second quarter of 2021, inflation in the United Kingdom, the United States, and the eurozone has far exceeded their central banks’ 2% target. This surge could well be explained by the unexpe ...More

EJ Insight2022-05-17

Germany’s great pacifism debate

A commentary by philosopher Jürgen Habermas has triggered one of Germany’s most ferocious political debates in decades, on the question of how the country should position itself in the widening Russia ...More

EJ Insight2022-05-17

The inflation tail is wagging the policy dog

With prices in many advanced economies surging, central banks are being roundly criticized for falling “behind the curve” on inflation. But they didn’t. Government policies and geopolitics constrained ...More

EJ Insight2022-05-16

Beware a global economy with little fires everywhere

Big shocks to the global economy, such as Russia’s invasion of Ukraine, understandably capture the most attention. But a new worldwide pattern of “little fires everywhere” may be equally consequential ...More

EJ Insight2022-05-16

全球化已死?

全球化,死了嗎? 這是一道非常好的問題。回答這問題前,我們必須看清楚,我們身處的時代──這是一個標誌性的時代, ...全文

今日信報時事評論政思故我在黃裕舜2022年05月16日

Breathing new life into medical oxygen

COVID-19 has taken at least 18 million lives, and it is anyone’s guess how many of those deaths were due to a lack of medical oxygen. Governments don’t want to talk about the issue, because that could ...More

EJ Insight2022-05-13

Can the international community still do big things?

When US Secretary of the Treasury Henry Morgenthau opened the Bretton Woods Conference almost 80 years ago, he reminded delegates that failures of international cooperation had led to the Great Depres ...More

EJ Insight2022-05-13

Ecosystem restoration is good for your health

Humanity currently faces multiple, interlinked existential crises. The catastrophic consequences of climate change, ecological degradation, and biodiversity loss have cascading knock-on effects on hum ...More

EJ Insight2022-05-12

Ending the war of attrition in Ukraine

Wars often erupt and persist because of the two sides’ miscalculations regarding their relative power. In the case of Ukraine, Russia blundered badly by underestimating the resolve of Ukrainians to fi ...More

EJ Insight2022-05-12

The Fed does not deserve all the inflation blame

A growing crescendo of commentary places the blame for the current surge in US inflation squarely on the Federal Reserve. But much of the criticism is stupefyingly naive about the political pressures ...More

EJ Insight2022-05-10

Reinventing Paris

When I first met Jean-Louis Missika, then-Deputy Mayor of Paris in charge of architecture and urban planning, in 2014, he welcomed me with an urgent question: How can we fast-track urban innovation? Y ...More

EJ Insight2022-05-09

Addressing Europe’s corporate technology gap

Europe seems to change most decisively as a result of crises. The European Union was created in the aftermath of World War II. The 2008 global financial crisis and the eurozone crisis that followed le ...More

EJ Insight2022-05-06

Where are America’s red lines in East Asia?

Global geopolitical attention remains focused on the war in Ukraine. But a significant shift, potentially even more serious in the long run than Russia’s invasion of its neighbor, seems to be occurrin ...More

EJ Insight2022-05-06

Private-debt risks are hiding in plain sight

When Russian tanks rolled into Ukraine, private-debt crises were probably already brewing – albeit hidden from view – in many parts of the world, as a result of the economic disruptions caused by the ...More

EJ Insight2022-05-06

Soft power after Ukraine

As Russian missiles pound Ukrainian cities, and as Ukrainians fight to defend their country, some avowed realists might say, “So much for soft power.” But such a response betrays a shallow analysis. P ...More

EJ Insight2022-05-05

Europe is its own enemy in Ukraine

Russian Foreign Minister Sergei Lavrov recently accused the West of fighting a proxy war in Ukraine. This is inaccurate and misleading. In fact, the West is supporting both sides of this conflict – an ...More

EJ Insight2022-05-04

The growing threat of global recession

Is the global economy flying into a perfect storm, with Europe, China, and the United States all entering downturns at the same time later this year? The risks of a global recession trifecta are risin ...More

EJ Insight2022-05-03

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