debating progressive politics in Europe and beyond
How To produce socially just, sustainable and green dynamic growth for a Good Society. The near meltdown of the world economy in 2008 took most academics and decision-makers by surprise. Much of the early analyses concentrated on the “greed is good” incentive structures and “jenga leverage towers” of casino capitalism. However, the crisis was by [...]
The Pacific or the Middle East? For the United States, that is now the primary strategic question. The violence in Gaza, coming as President Barack Obama was meeting Asia’s leaders in Phnom Penh, perfectly encapsulates America’s dilemma. Instead of being able to focus on US foreign policy’s “pivot” to Asia, Obama was forced to spend [...]
Since late last year, a series of positive developments has boosted investor confidence and led to a sharp rally in risky assets, starting with global equities and commodities. Macroeconomic data from the United States improved; blue-chip companies in advanced economies remained highly profitable; China and emerging markets slowed only moderately; and the risk of a [...]
Ten years after 9/11, the instant history is being written. In the French newspaper Le Monde, a highly intelligent commemorative supplement dubbed the period “The Decade of Bin Laden.” But is that right? In the ten years since 9/11, the combined GDP of Brazil, Russia, India, and China (the BRICs) rose from 8.4% of the [...]
In the wake of the recent Irish debt crisis, the UK Coalition government decided not to take part in a new rescue fund for troubled eurozone members, suggested by France and Germany. This decision comes in spite of the UK’s pledge to support the EU-IMF rescue efforts for Ireland through a bilateral loan of more [...]
In 2008, at a time of financial peril, the world united to restructure the global banking system. In 2009, as trade collapsed and unemployment rose dramatically, the world came together for the first time in the G-20 to prevent a great recession from spiraling into a great depression. Now, facing a low-growth austerity decade with no [...]
The news that China has overtaken Japan as the world’s second largest economy did not come as a surprise. This is the major geo-political outcome of the Great Recession of the early twenty-first century – one that carries both economic hope and political fear. First, the good news: the economic side of the case. China’s [...]
Until recently, the West has, by and large, determined the rules of the game on the global stage. During the last century, western countries presided over a shift in world power – from control via territory to control via the creation of governance structures created in the post-1945 era. From the United Nations Charter and [...]
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