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A Stable Euro Requires an Ambitious Industrial Policy Saturday, September 5th, 2020

The idea of a European industrial policy has been back on the agenda at least since the release of a Franco-German manifesto on the issue in early 2019. But whereas that document focused primarily on global competitiveness, an equally strong argument for reviving industrial policy is that it is..

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The Putin-Lukashenko Tango Friday, September 4th, 2020

Russian President Vladimir Putin’s public statements about the mass protests in Belarus have been at once forceful and ambiguous. For example, he says that a “law enforcement reserve” force has been prepared for potential engagement in Belarus. But that could mean personnel ranging from..

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The Uncertainty Pandemic Thursday, September 3rd, 2020

The next few months will tell us a lot about the shape of the coming global recovery. Despite ebullient stock markets, uncertainty about COVID-19 remains pervasive. Regardless of the pandemic’s course, therefore, the world’s struggle with the virus so far is likely to affect growth, employment,..

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WHITE, BLACK, BROWN-COLORS FOR US PRESIDENTIAL ELECTION Wednesday, September 2nd, 2020

USA is one country where people from all over the world have migrated over the years and have become US citizens. Therefore, it is inevitable that citizens of the USA have different colours like white, brown, black and yellow, which should be a matter of pride for the USA and not a subject of..

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Is Trump a Turning Point in World Politics? Tuesday, September 1st, 2020

As the United States enters the home stretch of the 2020 presidential election campaign, and with neither party’s nominating convention featuring much discussion of foreign policy, the contest between President Donald Trump and Joe Biden apparently will be waged mainly on the battleground of..

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Winners and Losers of the Pandemic Economy Monday, August 31st, 2020

Much economic commentary nowadays focuses on “divergence”: while broad equity-market indices are at or near all-time highs, much of the wider economy struggles to recover from one of the most severe downturns ever. Whereas the Russell 2000 is still down 5.4% year to date, the S&P 500 and..

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What Belarus Needs Sunday, August 30th, 2020

On August 25, the anniversary of Belarus’ declaration of independence from the USSR, the country’s peaceful protesters enjoyed a brief respite. Although President Aleksandr Lukashenko’s regime is not keen on this holiday, even the security forces understood that openly attacking Belarusian..

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The Japan Shinzo Abe Has Left Behind

Shinzo Abe’s sudden resignation (on health grounds) ends the tenure of Japan’s longest-serving prime minister. The country’s most internationally recognized statesman since 1945, Abe has been, among other things, the world leader most keen on playing golf with US President Donald..

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INDIA’S CHINA POLICY IS DEFENSIVE AND LACKS CLARITY Saturday, August 29th, 2020

Speaking in a meeting on 28th August,2020, India’s External Affairs Minister has said that “realism should shape India’s China policy”. He further said that India’s China policy will be “critical to India’s prospects” and will require “going beyond traditional assumptions.” One..

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Poverty as Injustice Friday, August 28th, 2020

In much of the world, there is concern over abysmal wages for the less advantaged and the many victims of racial and gender discrimination. Though tax credits for low-income single mothers provide support and contribute to the development of their children, there are still signs of poverty among..

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The Four Paths of US-China Relations

There is no bilateral diplomatic relationship more consequential than the one between the United States and China, which affects not only the two countries but all of humanity. And now, the future of this relationship hinges on who will lead each country in the years ahead. In the US, the next..

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Trump’s International Economic Legacy Thursday, August 27th, 2020

It would be foolish to start celebrating the end of US President Donald Trump’s administration, but it is not too soon to ponder the impact he will have left on the international economic system if his Democratic challenger, Joe Biden, wins November’s election. In some areas, a one-term Trump..

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The Global Risk of the US Election Wednesday, August 26th, 2020

Unlike in Jules Verne’s Around the World in 80 Days, the modern world’s journey over the next 80 days will be more of a slog than an adventure. But it will culminate in an event of global and historic consequence. In less than three months, the United States will hold its 59th quadrennial..

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China’s Digital Currency Will Rise but Not Rule Tuesday, August 25th, 2020

A few years ago, China’s currency seemed to be rising inexorably to global dominance. The renminbi had become the fifth most important currency for international payments, and in 2016, the International Monetary Fund included it in the basket of major currencies that determines the value of..

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Lukashenko in His Bunker

MINSK:- After weeks of nationwide protests over a fraudulent election on August 9, Belarusian President Aleksandr Lukashenko seems to have realized that he has lost popular support for good. His last resort is to radicalize his core base and try to terrorize everyone else into submission. After..

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The Crowding-Out Myth Monday, August 24th, 2020

Three economic effects of COVID-19 seem to be generally agreed upon. First, the developed world is on the brink of a severe recession. Second, there will be no automatic V-shaped recovery. And third, governments will therefore need to “support” national economies for an indefinite period. But,..

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The End of Western Opportunism

BERLIN:- The confrontation between China and the West is escalating almost daily. The conflict is about technology, trade, global market share, and supply chains, but also about fundamental values. Underpinning this economic and ideological competition is the goal of global predominance in the..

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The Dark Heart of Gold

CAMBRIDGE:-  The price of gold reached an all-time high of $2,000 per ounce in early August. And while mainstream economists have treated gold as a sideshow since the world abandoned the gold standard in 1971, this recent price spike is a significant signal. Three explanations for the elevated..

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The New Geopolitics of India, China and Nepal Saturday, August 22nd, 2020

India and China are both great powers with super power ambition. China is already viewed as a near super power while India seems eager to follow the same path. Sandwiched between these two great powers is Nepal. Great Power Status Generally, to achieve a great power status a country need three..

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