Beware of Japan's "New Capitalism"
Opinions

Beware of Japan’s “New Capitalism”

Takatoshi Ito, TOKYO – Japanese Prime Minister Fumio Kishida survived the general election on October 31, which came just weeks after his arrival in office as the new leader of the nation. Losing only 15 seats, the Liberal Democratic Party performed better than expected and will maintain a comfortable majority in the House of Representatives, with 261 of […]

Opinions

Averting Statistical Tragedies

Pinelopi Koujianou Goldberg, NEW HAVEN – In a July 2020 article for Brookings Papers on Economic Activity, Tristan Reed and I showed that, contrary to expectations, COVID-19 deaths per capita were much lower in poorer countries than in richer ones. Readers immediately countered that this finding must be due to mismeasurement or a lack of data for these […]

The Right Institutions for the Climate Transition
Opinions

The Right Institutions for the Climate Transition

Mariana Mazzucato, LONDON – At the United Nations Climate Change Conference in Glasgow (COP26) last week, I joined a panel with leading national politicians, including Scottish First Minister Nicola Sturgeon and Spanish Minister of the Ecological Transition Teresa Ribera, to discuss how we can get serious about the green economy. As the overwhelmingly male world leaders tussled over commitments, postures, and pledges […]

Fixing Climate Finance
Opinions

Fixing Climate Finance

Jeffrey D. Sachs, NEW YORK – The United Nations Climate Change Conference in Glasgow (COP26) fell far short of what is needed for a safe planet, owing mainly to the same lack of trust that has burdened global climate negotiations for almost three decades. Developing countries regard climate change as a crisis caused largely by […]

The Rich World's Climate Hypocrisy
Opinions

The Rich World’s Climate Hypocrisy

Jayati Ghosh, NEW DELHI – Many people around the world already consider the United Nations Climate Change Conference (COP26) in Glasgow a disappointment. That is a massive understatement. Global leaders – especially in the developed world – still fail to grasp the gravity of the climate challenge. Although they acknowledge its severity and urgency in […]

Will France Derail West Africa's Common Currency?
Africa Opinions

Will France Derail West Africa’s Common Currency?

Simplice A. Asongu, YAOUNDÉ – An unprecedented Africa-France summit took place at the beginning of October in Montpellier, France. For the first time since these summits began in 1973, no African heads of state were invited. Instead, French President Emmanuel Macron held discussions with students, entrepreneurs, artists, and athletes. The purpose of the gathering was to find ways to […]

The Resistible Rise of US-China Conflict
Opinions

The Resistible Rise of US-China Conflict

Dani Rodrik, CAMBRIDGE – US President Joe Biden’s economic and foreign policies may represent a sharp departure from those of his predecessor, Donald Trump. But when it comes to relations with China, Biden has largely maintained Trump’s tough line – refusing, for example, to reverse Trump’s tariff hikes on Chinese exports and warning of further punitive trade […]

How Melbourne Rescheduled its Future
Opinions

How Melbourne Rescheduled its Future

Carlo Ratti, BOSTON – Melbourne is not the most distinctive of Australia’s cities. It does not have Sydney’s sandy beaches or Brisbane’s rugged, “Crocodile Dundee” appeal. Lying on a flat plain, crossed by a meandering river, it is an urban agglomeration of some 10,000 square kilometers (3,681 square miles) – six times the size of […]