Can Multilateral Cooperation Coexist with Great-Power Rivalry?
Opinions

Can Multilateral Cooperation Coexist with Great-Power Rivalry?

Kemal Derviş and Sebastián Strauss, WASHINGTON, DC – Three important recent initiatives from US President Joe Biden’s administration illustrate America’s reengagement with the world and support for inclusive global multilateralism. The big question now, with the United States, again seeking to play an international leadership role, is whether such cooperation can work – and how China will […]

The Case for Green Consumer Taxes
Opinions

The Case for Green Consumer Taxes

Mark Cliffe, LONDON – Many governments, aiming to foster green and inclusive post-pandemic recovery, have embraced the slogan “Build Back Better.” So far, policymakers have focused on increasing public spending in ways that address climate and environmental challenges while also creating jobs for the disadvantaged. But fiscal conservatives worry that the rising tide of red […]

Biden’s Climate Opportunity in Latin America
Opinions

Biden’s Climate Opportunity in Latin America

Guy Edwards and Benjamin N. Gedan, WASHINGTON, DC – Relations between the United States and much of Latin America are recovering after hitting rock bottom under former US President Donald Trump. But while President Joe Biden’s administration is focusing on the Central American migration crisis, it must not miss the opportunity to drive urgently needed climate action […]

Build Back the State
Opinions

Build Back the State

Mariana Mazzucato, LONDON – The development of COVID-19 vaccines in less than a year was clearly a major achievement. But the rollout has been far from perfect. In the United States, Operation Warp Speed met its manufacturing targets but stumbled in coordinating initial shipments. The plan neither prioritized vaccine recipients according to need nor did […]

Is Stagflation Coming?
Opinions

Is Stagflation Coming?

Nouriel Roubini, NEW YORK – There is a growing debate about whether the inflation that will arise over the next few months will be temporary, reflecting the sharp bounce-back from the COVID-19 recession, or persistent, reflecting both demand-pull and cost-push factors. Several arguments point to a persistent secular increase in inflation, which has remained below […]

Social Capitalism
Opinions

Social Capitalism

Edoardo Campanella, MILAN – The COVID-19 pandemic has damaged the stock of physical and human capital. Firms have postponed or canceled investment projects, and laid-off or furloughed workers’ skills have deteriorated. The crisis, however, has boosted the oft-overlooked variable of social capital, elevating its role as a key source of economic growth. Popularized in the […]