NEW YORK – In less than two months, the American political transition will be over. The 45th president of the United States will settle into the Oval Office. President-elect Donald Trump will become President Trump; President Barack Obama will join Jimmy Carter, George H.W. Bush, Bill Clinton, and George W. Bush as a living former president.
ABUJA – If you happen to be sitting with two other people right now, chances are one of you is malnourished. And you might not even know it. Yes, that’s right: one in three people worldwide suffer from malnutrition, and it does not always look the way one might expect.
CAMBRIDGE – Are economists partly responsible for Donald Trump’s shocking victory in the US presidential election? Even if they may not have stopped Trump, economists would have had a greater impact on the public debate had they stuck closer to their discipline’s teaching, instead of siding with globalization’s cheerleaders.
BERLIN – On the 27thanniversary of the fall of the Berlin Wall, the United States elected a president who plans to build an even bigger wall, this time on the border with Mexico.Now, President-elect Donald Trump must decide whether he wants to plow forward with his divisive agenda or actually advance America’s best interests.
BRUSSELS – More than 100 days after the United Kingdom voted narrowly to leave the European Union, it remains far from clear what arrangement will regulate cross-Channel trade after Brexit. Political discussions tend to revolve around three key issues: immigration controls, access to the single market, and passporting rights for financial services. Which balance should European leaders strike?
PARIS – “When the facts change, I change my mind. What do you do, sir?”This, reportedly, is how Keynes replied to the criticism that he had changed his position on the policy response to the Great Depression. Pragmatism of this sort is not that common: policy views are often characterized by considerable inertia. Too frequently, today’s perspectives remain shaped by yesterday’s facts.
LONDON –Two important events loom on the calendar this month: the United States’presidential election on November 8, and British Chancellor of the Exchequer Philip Hammond’s first Autumn Statement on November 23. Obviously, the latter will not be as significant an event as the former, but it nonetheless will have importantconsequences beyond the United Kingdom.
WASHINGTON, DC – Il faudra, pour réaliser les ambitieux Objectifs de développement durable (ODD) – qui visent à éradiquer la pauvreté, garantir la prospérité pour tous et promouvoir la durabilité, entre aujourd’hui et 2030 – surmonter des obstacles importants, allant d’un financement suffisant pour faire face au changement climatique à la gestion de chocs macroéconomiques. Mais l’un des obstacles potentiels pourrait s’avérer être un bienfait caché, à savoir les évolutions démographiques qui interviendront dans les années à venir.
BERKELEY – Blackstone CEOTony James recentlypublished a columnin the Financial Timestitled“To revive America’s economy, raise interest rates.” This is a very bad idea.
VENICE – “The main element of any US policy towards the Soviet Union must be that of a long-term, patient but firm and vigilant containment,” the US diplomat George Kennan wrote in 1947 in a Foreign Affairs article, famously signed “X.” Replace “Soviet Union” with “Russia,” and Kennan’s “containment policy” makes perfect sense today. It is almost as if, in nearly 70 years, nothing has changed, even as everything has.