PS - THE WORLD'S OPINION PAGE - PROJECT SYNDICATENEWSLETTERSMAGAZINELOG INLATESTCOLUMNISTSON POINT James K. Galbraith , Daron Acemoglu , Koichi Hamada , Shang-Jin Wei , George P. Shultz , John F. Cogan , John B. Taylor , Robert Skidelsky. Many would regard the middle of a pandemic-induced economic crisis as the wrong time to sound the alarm about the potential dangers of profligate government spending. THE MEASURE OF MORAL PROGRESS BY PETER SINGER That question is suggested by The Golden Ass, arguably the world’s earliest surviving novel, written around 170 CE, when Emperor Marcus Aurelius ruled the Roman Empire.Apuleius, the author, was an African philosopher and writer, born in what is now the Algerian city of

M’Daourouch.

THE GHOST OF ARTHUR BURNS BY STEPHEN S. ROACH The bad dreams are back. They center on the Fed’s legendary chairman at the time, Arthur F. Burns, who brought a unique perspective to the US central bank as an expert on the business cycle. In 1946, he co-authored the definitive treatise on the seemingly rhythmic ups and downs of the US economy back to the mid-nineteenth century. THE RIGHT INCENTIVES FOR GLOBAL VACCINE ACCESS A temporary intellectual-property waiver for COVID-19 vaccines will not boost access, because the main obstacle isn't patents, but trade secrets. With political will, however, the threat of an IP waiver can help shift vaccine producers' incentives and catalyze mass production for low- and middle-income countries. WILL CORRUPTION SINK EU CONVERGENCE? BY ANDERS ÅSLUND j. von Hettlingen May 25, 2021. According to Anders Åslund, there is an economic “divergence” between Central and Eastern European (CEE) countries that joined the EU and those that did not, marking one of the more “underappreciated long waves (longue durée)" of the past three decades. “The former are gradually catching up with the WHAT TO DO ABOUT GAZA The current spasm of violence between Hamas and Israel is following a familiar, tragic pattern that reflects a broken status quo. Devising a viable solution will not be easy, but it is possible with a long-term process based on four principles. HELPING THE OTHER 66% BY KENNETH ROGOFF Helping the Other 66%. May 4, 2021 Kenneth Rogoff. Addressing within-country inequality may be the political imperative of the moment. But tackling vastly greater cross-country disparities – especially those affecting the two-thirds of humanity living outside the advanced economies and China – is the real key to maintaining

geopolitical

AN INTERVIEW WITH WILLIAM A. HASELTINE This week in Say More, PS talks with William A. Haseltine, Chair and President of the global health think tank ACCESS Health International. Project Syndicate: Last year, you wrote that, “Deliberately infecting healthy human volunteers with the SARS-CoV-2 virus in order to test the efficacy of MODI’S WAR ON THE PRESS Modi’s War on the Press. Apr 13, 2021 Shashi Tharoor. Freedom of the press is the mortar that binds together a free society. If Indian Prime Minister Narendra Modi’s efforts to de-institutionalize what used to be a dynamic and independent Fourth Estate persists, public confidence in the media will steadily decline, along with confidence

in

WILL THE PRODUCTIVITY REVOLUTION BE POSTPONED? BY BARRY Will the Productivity Revolution Be Postponed? May 10, 2021 Barry Eichengreen. US President Joe Biden clearly has bet on faster productivity growth to pay for his $4.1 trillion American Jobs Plan and American Families Plan. But history suggests that any acceleration of productivity growth is likely to be delayed – perhaps by decades. PS - THE WORLD'S OPINION PAGE - PROJECT SYNDICATENEWSLETTERSMAGAZINELOG INLATESTCOLUMNISTSON POINT James K. Galbraith , Daron Acemoglu , Koichi Hamada , Shang-Jin Wei , George P. Shultz , John F. Cogan , John B. Taylor , Robert Skidelsky. Many would regard the middle of a pandemic-induced economic crisis as the wrong time to sound the alarm about the potential dangers of profligate government spending. THE MEASURE OF MORAL PROGRESS BY PETER SINGER That question is suggested by The Golden Ass, arguably the world’s earliest surviving novel, written around 170 CE, when Emperor Marcus Aurelius ruled the Roman Empire.Apuleius, the author, was an African philosopher and writer, born in what is now the Algerian city of

M’Daourouch.

THE GHOST OF ARTHUR BURNS BY STEPHEN S. ROACH The bad dreams are back. They center on the Fed’s legendary chairman at the time, Arthur F. Burns, who brought a unique perspective to the US central bank as an expert on the business cycle. In 1946, he co-authored the definitive treatise on the seemingly rhythmic ups and downs of the US economy back to the mid-nineteenth century. THE RIGHT INCENTIVES FOR GLOBAL VACCINE ACCESS A temporary intellectual-property waiver for COVID-19 vaccines will not boost access, because the main obstacle isn't patents, but trade secrets. With political will, however, the threat of an IP waiver can help shift vaccine producers' incentives and catalyze mass production for low- and middle-income countries. WILL CORRUPTION SINK EU CONVERGENCE? BY ANDERS ÅSLUND j. von Hettlingen May 25, 2021. According to Anders Åslund, there is an economic “divergence” between Central and Eastern European (CEE) countries that joined the EU and those that did not, marking one of the more “underappreciated long waves (longue durée)" of the past three decades. “The former are gradually catching up with the WHAT TO DO ABOUT GAZA The current spasm of violence between Hamas and Israel is following a familiar, tragic pattern that reflects a broken status quo. Devising a viable solution will not be easy, but it is possible with a long-term process based on four principles. HELPING THE OTHER 66% BY KENNETH ROGOFF Helping the Other 66%. May 4, 2021 Kenneth Rogoff. Addressing within-country inequality may be the political imperative of the moment. But tackling vastly greater cross-country disparities – especially those affecting the two-thirds of humanity living outside the advanced economies and China – is the real key to maintaining

geopolitical

AN INTERVIEW WITH WILLIAM A. HASELTINE This week in Say More, PS talks with William A. Haseltine, Chair and President of the global health think tank ACCESS Health International. Project Syndicate: Last year, you wrote that, “Deliberately infecting healthy human volunteers with the SARS-CoV-2 virus in order to test the efficacy of MODI’S WAR ON THE PRESS Modi’s War on the Press. Apr 13, 2021 Shashi Tharoor. Freedom of the press is the mortar that binds together a free society. If Indian Prime Minister Narendra Modi’s efforts to de-institutionalize what used to be a dynamic and independent Fourth Estate persists, public confidence in the media will steadily decline, along with confidence

in

WILL THE PRODUCTIVITY REVOLUTION BE POSTPONED? BY BARRY Will the Productivity Revolution Be Postponed? May 10, 2021 Barry Eichengreen. US President Joe Biden clearly has bet on faster productivity growth to pay for his $4.1 trillion American Jobs Plan and American Families Plan. But history suggests that any acceleration of productivity growth is likely to be delayed – perhaps by decades. THE GREAT LOCKDOWN AND GLOBAL TRADE 18 hours ago · BRUSSELS – Trade is recovering robustly alongside the upticks in growth in major economies. This good news deserves more attention. Less than 12 months ago, many observers were predicting an end to globalization.The pandemic disrupted supply chains, and governments, suddenly confronted with the resulting vulnerabilities and dependencies, encouraged “reshoring” production of VACCINATING THE WORLD BY PASCAL SORIOT 20 hours ago · It has now been one year since we became the first vaccine producer to commit to the Gavi COVAX Advance Market Commitment, a global initiative to impel manufacturers to produce enough doses to protect developing countries.COVAX is a unique coalition. Anchored in a shared commitment to science, innovation, and collaboration, it is driven by a desire to fight the pandemic in the

fairest and

BUILDING AN INCLUSIVE DIGITAL FUTURE BY LEE JONG-WHA 23 hours ago · The digital revolution also raises political concerns, such as when governments and corporations misuse data and technology. During the COVID-19 outbreak, some East Asian countries used contact-tracing apps, mobility data, cameras, and other digital technologies to contain the virus, but this surveillance often came at the expense of privacy.With the tech giants wielding such massive THE MEASURE OF MORAL PROGRESS BY PETER SINGER That question is suggested by The Golden Ass, arguably the world’s earliest surviving novel, written around 170 CE, when Emperor Marcus Aurelius ruled the Roman Empire.Apuleius, the author, was an African philosopher and writer, born in what is now the Algerian city of

M’Daourouch.

AMERICA, HUMAN RIGHTS, AND ISRAEL’S WAR ON PALESTINE America, Human Rights, and Israel’s War on Palestine. May 25, 2021 Jeffrey D. Sachs. Human rights are human rights, and they are part of international law under the UN Charter. Whether the case is Xinjiang and the Uighurs, Myanmar and the Rohingya, or Israel and the Palestinian Arabs, the correct way to defend international law is

through the

A CURSE WORSE THAN CASH The attacks include last month’s shutdown of the Colonial Pipeline, which drove up gasoline prices on the US East Coast until the company paid the hackers $5 million in Bitcoin, and, even more recently, an attack on JBS, the world’s largest meat producer.Such episodes highlight what for some of us has been a longstanding concern: difficult-to-trace anonymous cryptocurrencies offer STATISTICS AND THE PANDEMIC BY JEFFREY FRANKEL Statistics and the Pandemic. May 26, 2021 Jeffrey Frankel. Data are critical to fighting COVID-19, but cross-country comparisons have consistently focused too much on the wrong sort. This has given some political leaders a strong incentive to downplay the pandemic, arguably contributing to millions of deaths. CAMBRIDGE – “There

are three

PAKISTAN’S TALIBAN MONSTER BY SHASHI THAROOR 22 hours ago · With the Taliban more powerful than ever and poised to reclaim power in Afghanistan, the only external victor will be Pakistan’s Inter-Services Intelligence agency. But as the ISI knows, the problem with creating and sponsoring militant groups is that they do not always remain under your control. GOOD INFLATION BY HAROLD JAMES Economic horror stories from the Great Depression and the 1970s can offer useful lessons, but they are no longer appropriate for today's world. In a world undergoing radical economic, technological, and climatic change, we must recognize that not all price increases are the same, and that some are desirable – and even necessary. THE GHOST OF ARTHUR BURNS BY STEPHEN S. ROACH The bad dreams are back. They center on the Fed’s legendary chairman at the time, Arthur F. Burns, who brought a unique perspective to the US central bank as an expert on the business cycle. In 1946, he co-authored the definitive treatise on the seemingly rhythmic ups and downs of the US economy back to the mid-nineteenth century. PS - THE WORLD'S OPINION PAGE - PROJECT SYNDICATENEWSLETTERSMAGAZINELOG INLATESTCOLUMNISTSON POINT James K. Galbraith , Daron Acemoglu , Koichi Hamada , Shang-Jin Wei , George P. Shultz , John F. Cogan , John B. Taylor , Robert Skidelsky. Many would regard the middle of a pandemic-induced economic crisis as the wrong time to sound the alarm about the potential dangers of profligate government spending. VACCINATING THE WORLD BY PASCAL SORIOT It has now been one year since we became the first vaccine producer to commit to the Gavi COVAX Advance Market Commitment, a global initiative to impel manufacturers to produce enough doses to protect developing countries.COVAX is a unique coalition. Anchored in a shared commitment to science, innovation, and collaboration, it is driven by a desire to fight the pandemic in the fairest and THE GREAT LOCKDOWN AND GLOBAL TRADE 37 minutes ago · BRUSSELS – Trade is recovering robustly alongside the upticks in growth in major economies. This good news deserves more attention. Less than 12 months ago, many observers were predicting an end to globalization.The pandemic disrupted supply chains, and governments, suddenly confronted with the resulting vulnerabilities and dependencies, encouraged “reshoring” production of ECONOMICS - PROJECT SYNDICATE Leaders and Laggards in the Post-Pandemic Recovery. May 24, 2021 Nouriel Roubini surveys the global economic landscape for signs of strength, weakness, and lurking risks. How Not to Launch a Digital Currency. Chip Somodevilla/Getty Images. AFRICA’S “MODEL T” BUSINESS MODEL 10 minutes ago · BOSTON – Africa is often regarded as a risky place to do business. There are success stories, like Safaricom, Flutterwave, and Kobo360.But investors tend to view them as anomalies: the fact that they are thriving, despite pervasive poverty, political instability, and widespread corruption, is a matter of luck, not proof that Africa is a “safe” investment destination.

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THE BIG PICTURE

The European Union’s sluggish COVID-19 vaccination efforts are currently dominating the headlines and undermining confidence in the bloc. But, overall, rich countries remain well ahead of the developing world in the global scramble for supplies – and the longer this imbalance persists, the greater the risk that new coronavirus variants will emerge that can again threaten the world.

SUSTAINABILITY NOW

A Global Incentive to Reduce Emissions. Raghuram G. Rajan. Proposals for coordinated climate action at the global level all too easily run into free-rider and fairness problems, leaving many of the most popular policy proposals dead on arrival. But a simple framework that gives all countries similar incentives would overcome these problems. THE RIGHT INCENTIVES FOR GLOBAL VACCINE ACCESS A temporary intellectual-property waiver for COVID-19 vaccines will not boost access, because the main obstacle isn't patents, but trade secrets. With political will, however, the threat of an IP waiver can help shift vaccine producers' incentives and catalyze mass production for low- and middle-income countries. HELPING THE OTHER 66% BY KENNETH ROGOFF Helping the Other 66%. May 4, 2021 Kenneth Rogoff. Addressing within-country inequality may be the political imperative of the moment. But tackling vastly greater cross-country disparities – especially those affecting the two-thirds of humanity living outside the advanced economies and China – is the real key to maintaining

geopolitical

PS - THE WORLD'S OPINION PAGE - PROJECT SYNDICATENEWSLETTERSMAGAZINELOG INLATESTCOLUMNISTSON POINT James K. Galbraith , Daron Acemoglu , Koichi Hamada , Shang-Jin Wei , George P. Shultz , John F. Cogan , John B. Taylor , Robert Skidelsky. Many would regard the middle of a pandemic-induced economic crisis as the wrong time to sound the alarm about the potential dangers of profligate government spending. VACCINATING THE WORLD BY PASCAL SORIOT It has now been one year since we became the first vaccine producer to commit to the Gavi COVAX Advance Market Commitment, a global initiative to impel manufacturers to produce enough doses to protect developing countries.COVAX is a unique coalition. Anchored in a shared commitment to science, innovation, and collaboration, it is driven by a desire to fight the pandemic in the fairest and THE GREAT LOCKDOWN AND GLOBAL TRADE 37 minutes ago · BRUSSELS – Trade is recovering robustly alongside the upticks in growth in major economies. This good news deserves more attention. Less than 12 months ago, many observers were predicting an end to globalization.The pandemic disrupted supply chains, and governments, suddenly confronted with the resulting vulnerabilities and dependencies, encouraged “reshoring” production of ECONOMICS - PROJECT SYNDICATE Leaders and Laggards in the Post-Pandemic Recovery. May 24, 2021 Nouriel Roubini surveys the global economic landscape for signs of strength, weakness, and lurking risks. How Not to Launch a Digital Currency. Chip Somodevilla/Getty Images. AFRICA’S “MODEL T” BUSINESS MODEL 10 minutes ago · BOSTON – Africa is often regarded as a risky place to do business. There are success stories, like Safaricom, Flutterwave, and Kobo360.But investors tend to view them as anomalies: the fact that they are thriving, despite pervasive poverty, political instability, and widespread corruption, is a matter of luck, not proof that Africa is a “safe” investment destination.

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To receive email updates regarding this {entity_type}, please enter your email below. If you are not already registered, this will create a PS account for you.

THE BIG PICTURE

The European Union’s sluggish COVID-19 vaccination efforts are currently dominating the headlines and undermining confidence in the bloc. But, overall, rich countries remain well ahead of the developing world in the global scramble for supplies – and the longer this imbalance persists, the greater the risk that new coronavirus variants will emerge that can again threaten the world.

SUSTAINABILITY NOW

A Global Incentive to Reduce Emissions. Raghuram G. Rajan. Proposals for coordinated climate action at the global level all too easily run into free-rider and fairness problems, leaving many of the most popular policy proposals dead on arrival. But a simple framework that gives all countries similar incentives would overcome these problems. THE RIGHT INCENTIVES FOR GLOBAL VACCINE ACCESS A temporary intellectual-property waiver for COVID-19 vaccines will not boost access, because the main obstacle isn't patents, but trade secrets. With political will, however, the threat of an IP waiver can help shift vaccine producers' incentives and catalyze mass production for low- and middle-income countries. HELPING THE OTHER 66% BY KENNETH ROGOFF Helping the Other 66%. May 4, 2021 Kenneth Rogoff. Addressing within-country inequality may be the political imperative of the moment. But tackling vastly greater cross-country disparities – especially those affecting the two-thirds of humanity living outside the advanced economies and China – is the real key to maintaining

geopolitical

ARCHIVE - PROJECT SYNDICATE Subscribe to Project Syndicate. Enjoy unlimited access to the ideas and opinions of the world's leading thinkers, including weekly long reads, book reviews, topical collections, and interviews; The Year Ahead annual print magazine; the complete PS archive; and more. All for less than $9 a month. VACCINATING THE WORLD BY PASCAL SORIOT It has now been one year since we became the first vaccine producer to commit to the Gavi COVAX Advance Market Commitment, a global initiative to impel manufacturers to produce enough doses to protect developing countries.COVAX is a unique coalition. Anchored in a shared commitment to science, innovation, and collaboration, it is driven by a desire to fight the pandemic in the fairest and THE GREAT LOCKDOWN AND GLOBAL TRADE 37 minutes ago · BRUSSELS – Trade is recovering robustly alongside the upticks in growth in major economies. This good news deserves more attention. Less than 12 months ago, many observers were predicting an end to globalization.The pandemic disrupted supply chains, and governments, suddenly confronted with the resulting vulnerabilities and dependencies, encouraged “reshoring” production of BUILDING AN INCLUSIVE DIGITAL FUTURE BY LEE JONG-WHA 5 hours ago · The digital revolution also raises political concerns, such as when governments and corporations misuse data and technology. During the COVID-19 outbreak, some East Asian countries used contact-tracing apps, mobility data, cameras, and other digital technologies to contain the virus, but this surveillance often came at the expense of privacy.With the tech giants wielding such massive THE WORLD NEEDS A BREAKTHROUGH YEAR BY GRAÇA MACHEL, ET AL 1 day ago · Overcoming the COVID-19 crisis and ensuring a rapid and equitable economic recovery are only two of the challenges we must meet in 2021. This year will also be a crucial one for achieving the goal of net-zero carbon dioxide emissions by mid-century. THE INFLATION RED HERRING BY JOSEPH E. STIGLITZ 1 day ago · The second tool is tax hikes. Ensuring the economy’s long-run health requires much more public investment, which will have to be paid for. The US tax-to-GDP ratio is far too low, especially given America’s huge inequalities.There is an urgent need for more progressive taxation, not to mention more environmental taxes to deal with the climate crisis. AFRICA’S “MODEL T” BUSINESS MODEL 10 minutes ago · BOSTON – Africa is often regarded as a risky place to do business. There are success stories, like Safaricom, Flutterwave, and Kobo360.But investors tend to view them as anomalies: the fact that they are thriving, despite pervasive poverty, political instability, and widespread corruption, is a matter of luck, not proof that Africa is a “safe” investment destination. PAKISTAN’S TALIBAN MONSTER BY SHASHI THAROOR 4 hours ago · With the Taliban more powerful than ever and poised to reclaim power in Afghanistan, the only external victor will be Pakistan’s Inter-Services Intelligence agency. But as the ISI knows, the problem with creating and sponsoring militant groups is that they do not always remain under your control. IS THE US READY FOR WAR? BY MICHÈLE FLOURNOY & ELMIRA 5 hours ago · Since the end of the Cold War, the United States has been the world’s only superpower – a status ensured by the country’s powerful military. But great-power competition is making a comeback, raising questions about US preparedness. THE G7 TAX CLAMPDOWN AND THE END OF HYPER-GLOBALIZATION 1 day ago · The G7 agreement on taxation of global corporations still needs formal approval from a wider set of countries, and there remain many details to be worked out for it to be effective. Nonetheless, it would not be farfetched to describe the deal as

historic.

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CAN WE END THE PANDEMIC? William A. Haseltine The brutal second waves of COVID-19 that have swept through India and other countries ought to remind us that the pandemic is far from over. In fact, all of the signs point to the virus remaining with us

indefinitely.

provides an overview of what it will take to beat the coronavirus in all of its new variants. 4

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* A Curse Worse than Cash

ROB

ENGELAAR/ANP/AFP via Getty Images A CURSE WORSE THAN CASH Kenneth Rogoff thinks ransomware cyberattacks might finally trigger tighter regulation of anonymous

cryptocurrencies. 3

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* Marietje Schaake , et al. Ensuring Cybersecurity for Critical Civilian Infrastructure * Leveling Up Is Hard to Do

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elenabs/Getty Images LEVELING UP IS HARD TO DO Diane Coyle argues that only coordinated policies can redress Western economies’ long-standing geographic

inequalities. 0

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* Jaideep Prabhu The State’s New

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THE NEW CLIMATE NARRATIVE Kemal Derviş explains why many now regard the green transition as a growth opportunity rather than an economic

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Constitutionalism

* Biden’s Grand Tour The Big Picture Olivier Douliery/AFP via

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,

* Ana Palacio ,

* Simone Tagliapietra

,

* Joseph S. Nye, Jr. , * Anne O. Krueger ,

* Joschka Fischer

His first visit to Europe since taking office gives US President Joe Biden an opportunity to exorcise the toxic legacy of Donald Trump’s America First nationalism and isolationism. But will he succeed in promoting multilateral cooperation on global challenges while also forging a robust Western stance toward China?

1 Add to Bookmarks

* The Deeper Anxieties of the Inflation Hawks

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THE DEEPER ANXIETIES OF THE INFLATION HAWKS James K. Galbraith sees no sound economic reason to start worrying about consumer prices at this stage

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* Kenneth Rogoff Are Inflation Fears

Justified?

* China’s Three-Child Policy Won’t Help Gong Bo/VCG via Getty Images CHINA’S THREE-CHILD POLICY WON’T HELP Nancy Qian argues that boosting the country's worryingly low fertility rate requires many other, more difficult reforms. 5

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* Zhang Jun China’s Accelerating Fertility

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THE STIMULUS DIDN’T WORK, AGAIN John B. Taylor shows that a year of economic impact payments had no meaningful impact on household

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* Yanis Varoufakis The Goldilocks

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THE INCREASING CREDIT RELEVANCE OF CYBERSECURITY Simon Ashworth outlines several steps firms can take to help mitigate the potential credit impact of

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* Lucy P. Marcus Cybersecurity Starts at

the Top

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* Vaccines and the West’s Credibility Crisis VACCINES AND THE WEST’S CREDIBILITY CRISIS Mohamed A. El-Erian warns that advanced economies' failure to help the rest of the world will further undermine the postwar order. 4

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* Criticizing the Pandemic CRITICIZING THE PANDEMIC Richard Haass draws preliminary conclusions from a tragedy that has disrupted the world without fundamentally changing it. 6

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* Good Inflation

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Harold James thinks today's price trends are sending a clear and necessary message to consumers and policymakers alike. 10

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* A Global Incentive to Reduce Emissions A GLOBAL INCENTIVE TO REDUCE EMISSIONS Raghuram G. Rajan proposes an international framework for ensuring fairness and full participation in combating climate change. 41

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* The Increasing Credit Relevance of Cybersecurity THE INCREASING CREDIT RELEVANCE OF CYBERSECURITY Jun 4, 2021 Simon Ashworth outlines several steps firms can take to help mitigate the potential credit impact of cyberattacks.

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* Leveling Up Is Hard to Do elenabs/Getty Images LEVELING UP IS HARD TO DO Jun 4, 2021 Diane Coyle argues that only coordinated policies can redress Western economies’ long-standing geographic inequalities.

0

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* A Curse Worse than Cash

ROB

ENGELAAR/ANP/AFP via Getty Images A CURSE WORSE THAN CASH Jun 4, 2021 Kenneth Rogoff thinks ransomware cyberattacks might finally trigger tighter regulation of anonymous cryptocurrencies.

3

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* The New Climate Narrative THE NEW CLIMATE NARRATIVE Jun 4, 2021 Kemal Derviş explains why many now regard the green transition as a growth opportunity rather than an

economic burden.

11

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* Xi’s Historic Mistake XI’S HISTORIC MISTAKE Jun 2, 2021 J. Bradford DeLong * The Ghost of Arthur Burns THE GHOST OF ARTHUR BURNS May 25, 2021 Stephen S. Roach * From California Capitalism to Bidenomics FROM CALIFORNIA CAPITALISM TO BIDENOMICS May 28, 2021 Laura Tyson & Lenny Mendonca * Leaders and Laggards in the Post-Pandemic Recovery LEADERS AND LAGGARDS IN THE POST-PANDEMIC RECOVERY May 24, 2021 Nouriel Roubini * The Stimulus Didn’t Work, Again THE STIMULUS DIDN’T WORK, AGAIN Jun 2, 2021 John B. Taylor

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Can We End the Pandemic?

PS

OnPoint

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CAN WE END THE PANDEMIC? William A. Haseltine The brutal second waves of COVID-19 that have swept through India and other countries ought to remind us that the pandemic is far from over. In fact, all of the signs point to the virus remaining with us

indefinitely.

provides an overview of what it will take to beat the coronavirus in all of its new variants. 4

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The Ecology of Innovation PS OnPoint DrAfter123/Getty Images THE ECOLOGY OF INNOVATION William H. Janeway reviews two recent books with very different approaches to understanding how new technologies emerge and grow. 6 Add to Bookmarks Europe’s Digital Future PS OnPoint Alexandros Michailidis/Pool/Anadolu Agency via Getty Images EUROPE’S DIGITAL FUTURE Margrethe Vestager interviewed by Anu Bradford on the thinking behind the European Union's latest wave of digital regulations, and what comes next. 4

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An Interview with Eric Posner

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Robert Alexander/via Getty Images AN INTERVIEW WITH ERIC POSNER Eric Posner touts a Supreme Court reform he’d like to see, identifies Donald Trump’s American precursors, and urges law professors to get off Twitter. 4

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Vincent Kalut/Photonews via Getty Images AN INTERVIEW WITH WILLIAM A. HASELTINE William A. Haseltine highlights promising COVID-19 treatments, touts the potential of mRNA vaccines, and weighs in on where HIV/AIDS research is heading. 0

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to Bookmarks An Interview with Edmund S. Phelps

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Zhang Bin/China News Service/VCG via Getty Images AN INTERVIEW WITH EDMUND S. PHELPS Edmund S. Phelps identifies thinkers who led economics astray, assesses China’s innovative capacity, and shows why employment subsidies would do far more good than a universal

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Say More is a weekly interview series where a selected contributor expands on ideas covered in their commentaries, addresses new issues, and shares personal recommendations, giving readers a deeper look at their perspective and personality.

THE BIG PICTURE

Biden’s Grand Tour The Big Picture Olivier Douliery/AFP via Getty

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BIDEN’S GRAND TOUR Featured in this Big Picture * Melvyn B. Krauss , * Charles A. Kupchan

,

* Ana Palacio ,

* Simone Tagliapietra

,

* Joseph S. Nye, Jr. , * Anne O. Krueger ,

* Joschka Fischer

His first visit to Europe since taking office gives US President Joe Biden an opportunity to exorcise the toxic legacy of Donald Trump’s America First nationalism and isolationism. But will he succeed in promoting multilateral cooperation on global challenges while also forging a robust Western stance toward China?

1 Add to Bookmarks

Speed the Jab The Big Picture Mario Tama/Getty Images

SPEED THE JAB

Featured in this Big Picture * Joseph E. Stiglitz ,

* Lori Wallach ,

* Jayati Ghosh ,

* Pinelopi Koujianou Goldberg

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* Michele Goodwin ,

* Gregory Shaffer ,

* Michael Spence ,

* Heidi J. Larson

Even as many rich countries free themselves from the pandemic’s grip, COVID-19 cases and deaths are surging in several regions, enabling dangerous new variants to emerge. Only universal immunization can end the cycle of misery – but achieving it will require more than a temporary waiver of vaccine manufacturers’ intellectual-property rights. 2 Add to Bookmarks Gaza’s Forever War The Big Picture

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Images/LightRocket via Getty Images GAZA’S FOREVER WAR Featured in this Big Picture

* Shlomo Ben-Ami ,

* Fawaz A. Gerges ,

* Peter Singer ,

* Carl Bildt ,

* Kevin Watkins

Despite a fragile cease-fire, the latest violent eruption of the Israeli-Palestinian conflict has had predictably disastrous consequences for the enclave’s already desperate civilians, and has stoked extremism in Israel itself. For Israelis who assumed that Palestinian nationalism had been defeated, the explosion of tensions with the Jewish State’s Arab citizens augurs an unwelcome reckoning.

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THE BIG PICTURE brings together a range of Project Syndicate commentaries not just on topics in the news, but also on the deeper issues driving the news. Readers quickly gain the insights of diverse, authoritative perspectives on critical global events and challenges.

SUSTAINABILITY NOW

Waste Less, Earn More

Sustainability Now

Patrick Pleul/picture alliance via Getty Images WASTE LESS, EARN MORE Bertrand Piccard shows how efficient clean technologies can promote both economic growth and environmental

goals. 1

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Tackling Asia’s Plastic Pollution

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TACKLING ASIA’S PLASTIC POLLUTION Jed Alegado , et al. highlight the potential of bottom-up initiatives to address a worsening regional environmental

threat. 1

Add to Bookmarks Mapping the Path to Carbon Neutrality

Sustainability Now

MAPPING THE PATH TO CARBON NEUTRALITY Hong Nam-ki offers an overview of South Korea's strategy for achieving net-zero emissions by 2050. 1

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Investing in Climate Action: Yann Arthus-Bertrand INVESTING IN CLIMATE ACTION: YANN ARTHUS-BERTRAND Yann Arthus-Bertrand emphasizes the need for individual action against climate change. 0

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PODCASTS

Is India’s Democracy Dying? Project Syndicate · Is India’s Democracy Dying? | Milan Vaishnav IS INDIA’S DEMOCRACY DYING? Milan Vaishnav & Elmira Bayrasli discuss whether the world’s largest democracy can survive Prime Minister Narendra Modi. 3

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OPINION THAT MOVES

ECONOMICS & FINANCE

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A CURSE WORSE THAN CASH Jun 4, 2021 Kenneth Rogoff

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THE DEEPER ANXIETIES OF THE INFLATION HAWKS Jun 3, 2021 James K. Galbraith

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GOOD INFLATION

Jun 2, 2021 Harold James

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THE STIMULUS DIDN’T WORK, AGAIN Jun 2, 2021 John B. Taylor POLITICS & WORLD AFFAIRS

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A TRANSATLANTIC CLIMATE ALLIANCE Jun 3, 2021 Ana Palacio & Simone

Tagliapietra

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BIDEN’S GREAT GAME Jun 3, 2021 Melvyn B. Krauss

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XI’S HISTORIC MISTAKE Jun 2, 2021 J. Bradford DeLong

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COVID-19 VACCINES AND THE US NATIONAL INTEREST Jun 1, 2021 Joseph S. Nye, Jr.

SMART DEVELOPMENT

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LEVELING UP IS HARD TO DO Jun 4, 2021 Diane Coyle

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EQUALIZING THE FIGHT AGAINST CANCER Jun 3, 2021 Anil D'Cruz

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GLOBAL HEALTH GOVERNANCE FROM THE GRASSROOTS May 31, 2021 Ngaire Woods & Ok Pannenborg

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TAKING THE FIGHT TO THE PANDEMIC May 31, 2021 Simon Johnson

SUSTAINABILITY NOW

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THE NEW CLIMATE NARRATIVE Jun 4, 2021 Kemal Derviş

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WASTE LESS, EARN MORE Jun 2, 2021 Bertrand Piccard

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IS GREEN DEVELOPMENT AN OXYMORON? Jun 1, 2021 Ricardo Hausmann

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A GLOBAL INCENTIVE TO REDUCE EMISSIONS May 31, 2021 Raghuram G. Rajan

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TECHNOLOGY & SOCIETY

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THE INCREASING CREDIT RELEVANCE OF CYBERSECURITY Jun 4, 2021 Simon Ashworth

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THE STATE’S NEW BALANCING ACT May 26, 2021 Jaideep Prabhu

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WILL THE PRODUCTIVITY REVOLUTION BE POSTPONED? May 10, 2021 Barry Eichengreen

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WILL THE FOURTH INDUSTRIAL REVOLUTION SERVE SUSTAINABILITY? May 3, 2021 Victor Galaz

CULTURE & SOCIETY

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CHINA’S THREE-CHILD POLICY WON’T HELP Jun 3, 2021 Nancy Qian

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CHINA’S UYGHUR GENOCIDE IS UNDENIABLE Jun 3, 2021 Irwin Cotler & Yonah Diamond

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INVESTING IN DATA SAVES LIVES Jun 1, 2021 Mark Lowcock & Raj Shah

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HOW TO FIX THE GATES FOUNDATION May 28, 2021 Alex Friedman & Julie

Sunderland

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THE AFRICAN CENTURY

Africa’s economic rise is a world-changing development, but the sources of its emerging strength – and lingering weaknesses – are little understood. W…

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EUROPEAN AND AFRICAN LEADERS CALL FOR A NEW DEAL FOR AFRICA May 27, 2021 Emmanuel Macron , et al.

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A NEW CHANCE FOR GENETICALLY ENGINEERED CROPS May 26, 2021 Wandile Sihlobo

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SUDAN OPENS FOR BUSINESS May 7, 2021 Volker Perthes

PRESS RELEASED

Today’s media landscape is littered with landmines: open hostility from illiberal and autocratic regimes, mounting censorship in countries such as Hungary, Turkey,…

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HOW TO SAVE INDEPENDENT LOCAL MEDIA May 26, 2021 Michael Mirny

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HIJACKING WESTERN COMPLACENCY May 25, 2021 Sławomir Sierakowski

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THE LURID ORIENTALISM OF WESTERN MEDIA May 4, 2021 Brahma Chellaney Chung Sung-Jun/Getty Images

THE COVID-19 CRISIS

As the COVID-19 crisis escalates, _PS _commentators assess its implications for the economy, propose policy responses, and consider what might – and sho…

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CAN WE END THE PANDEMIC? Jun 4, 2021 William A. Haseltine

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THE STIMULUS DIDN’T WORK, AGAIN Jun 2, 2021 John B. Taylor

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COVID-19 VACCINES AND THE US NATIONAL INTEREST Jun 1, 2021 Joseph S. Nye, Jr.

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