The Approaching Debt Wave

The World Bank has warned that a massive debt wave is building worldwide. There is no telling who will be hit the hardest, but if vulnerable countries, from the United Kingdom to India, do not act soon, they may face severe economic damage. Read Here – Project Syndicate

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Brexit Is Just The Beginning

The British government still needs to negotiate the terms of its future relations with the EU, a task so complex that many doubt it can be completed by the end of the year, when another ominous deadline looms. In the meantime, the country will be stuck in EU purgatory, bound by the bloc’s laws and […]

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The Balkan Great Game

The Great Game, a prolonged 19th century confrontation between the British and Russian empires in Central Asia, is often invoked as a prime example of the struggle for influence between major powers. But another Great Game was played out at that time in the Balkans between Russia and several European powers when the Ottoman empire began to […]

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Has Davos Man Changed?

The discussion at Davos this year may be part of a move in the right direction toward a more sustainable capitalism. But we need to see some proof: corporations paying taxes and liveable wages, for a start, and respecting – and even advocating – government regulations to protect our health, safety, workers, and the environment. […]

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The Three Elephants Of European Security

To understand why, Europeans and Americans  need to address three elephants crowding the room of European security — some familiar, some less so. As so often with indoor pachyderms, they irritate, as they confront us with our inability to address them and our tendency to tiptoe around them. The three European security elephants will resonate […]

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A Global Economy Without A Cushion

From 1990 to 2008, annual growth in world trade was fully 82% faster than world GDP growth. Now, however, reflecting the unusually sharp post-crisis slowdown in global trade growth, this cushion has shrunk dramatically, to just 13% over the 2010-19 period, leaving the world economy more vulnerable to all-too-frequent shocks. Read Here – Project Syndicate

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