Project Syndicate | The Daily Star
  • If wealth is justified, so is a wealth tax

    Economic inequality has moved to the top of the political agenda in many countries, including free-market poster children like the United States and the United Kingdom.

  • Is Growth Passé?

    It’s clear: we are living beyond our planet’s limits. Unless we change something, the consequences will be dire. Should that something be our exclusive focus on economic growth?

  • The AI frontier of economic theory

    Until recently, two big impediments limited what research economists could learn about the world with the powerful methods

  • Can Iran outlast Trump?

    Since President Donald Trump withdrew the United States from the Iran nuclear agreement in May 2018 and re-imposed sanctions, Iran’s economic output has dropped significantly.

  • The EU must recognise Palestine

    The United States may have just obliterated any remaining hope for a two-state solution to the Israeli-Palestinian conflict. US Secretary of State Mike Pompeo’s declaration that Israeli settlements in the West Bank do not violate international law defies a longstanding global consensus. The rest of the world must push back.

  • East Asia’s political vulnerability

    Popular discontent is fuelling protest and paralysis across Latin America. If East Asia isn’t careful, it could be next.

  • Sri Lanka Elections: Can the new president turn things around?

    As Sri Lanka makes another crucial political transition, it faces a major risk of macroeconomic instability. Minimising that risk will depend, above all, on whether the country’s newly elected president, Gotabaya Rajapaksa, can defy his reputation and embrace inclusive politics.

  • Global trade’s bright (green) future

    Most discussions of trade nowadays inevitably feature the words “war,” “tariff,” or “Trump.” But look beyond the headlines and you will see the foundations of a more collaborative, healthy, and sustainable world trade system emerging.

  • Corporate citizens must become global catalysts

    By September this year, 183 corporate CEOs signed on to a statement affirming their commitment to move beyond the “shareholder first” mantra to account for the interests of all stakeholders, including employees, customers, suppliers, and communities.

  • New Hope for Indian Unity

    After eight years of deliberations, India’s Supreme Court has issued a verdict that settles one of the most protracted inter-religious conflicts in the country’s turbulent history. The Court’s decision couldn’t have come at a better time.

  • The Impeachment Blues

    The most dismaying thing about the impeachment proceedings against US President Donald Trump is that they are falling so short of the constitutional gravamen of the issue.

  • The Hardening of Soft Power

    International-relations theorists generally distinguish between soft and hard power. Soft power refers to the exercise of political influence through flexible,

  • The end of neoliberalism and the rebirth of history

    At the end of the Cold War, political scientist Francis Fukuyama wrote a celebrated essay called “The End of History?”

  • Anti-globalisation bias and public policy

    Oppone-nts of globa-lisation constantly point to the uneven impact of open trade. Although trade liberalisation can make the overall economic pie bigger, not everyone gets a larger slice

  • Is Trump right about Middle-East peace?

    By with-drawing American troops from northern Syria, US President Donald Trump has once again signalled that his administration recognises only two national interests in the Middle East: containment of Iran and Israel’s security.

  • The battle of the fading hegemons

    Almost a decade ago, China bulls like Martin Jacques and I predicted the rise of the People’s Republic at the expense of a declining United States. Today, with the two superpowers unabashedly jostling for hegemony—their trade war being just one sign of this—it is time for a fresh assessment.

  • India’s Modi Slowdown

    Until recently, Indians had gotten used to taking economic growth for granted. After a decade of annual growth averaging over 9 percent, India’s economy weathered the post-2008 worldwide recession and grew at a still impressive rate of 7 percent until 2014-15. Nothing, it seemed, could stop the gravy train from rolling on.

  • Will Trump be removed from office?

    For the first time, reasonable people in the United States have begun to speculate that President Donald Trump could be convicted by the Senate and thus removed from office.

  • Whither nuclear-arms control?

    Is nuclear-arms control unravelling? The 1987 Intermediate-Range Nuclear Forces Treaty (INF) has collapsed, the 2015 Iran nuclear deal is teetering, and North Korea has continued to expand its nuclear and ballistic-missile arsenal. Worse, it is unclear whether the United States will stick with the New START Treaty when it expires in 2021. That agreement limits (at 3,000) the number of strategic weapons Russia and the US have pointed at each other.

  • Will Republicans abandon Trump?

    US President Donald Trump’s presidency is in peril. He’s likely to be impeached (the equivalent of an indictment) by the House of Representatives, and it cannot be ruled out entirely that the Senate will vote to convict him and thus remove him from office.

  • Inclusivity under threat

    Since Indian Prime Minister Narendra Modi’s government revoked the special status of Jammu and Kashmir, it has been keeping a tight lid on the pressure cooker, to borrow your metaphor. What are the most immediate risks you foresee?

  • Brexit House of Cards

    Britain’s long-running Brexit saga has thrown up a new argument. Does Prime Minister Boris Johnson have a cunning plan for conjuring up a new and improved exit deal, or is he just dragging the United Kingdom over the “no-deal” cliff edge?

  • India’s Democratic Dictatorship

    Amid much fanfare, Indian Prime Minister Narendra Modi’s government has completed a hundred days of its second term. Despite his government’s poor record, Modi remains immensely popular personally. This does not bode well for Indian democracy.

  • Trump’s New Troubles

    As the US Congress reconvenes this week after a six-week recess, the administration is mired in controversies, almost all of them set off by President Donald Trump. Trump’s behaviour has been at its most peculiar since he took office, undoubtedly partly owing to

  • Germany’s Divided Soul

    This November, Germany will celebrate the 30th anniversary of the fall of the Berlin Wall. But the country is in a gloomy mood, and cheers will be few and far between—especially in the east.

  • Britain’s Brexit Breakdown

    British democracy was once widely seen as a model for others to follow. But it has now sunk into its deepest crisis in living memory. At stake is not only whether the United Kingdom crashes out of the European Union without an exit deal, but also how far a country once

  • Will the Iran conflict break the West?

    Before the G7 summit in Biarritz, France, this month, it was a toss-up whether the greater disruption would come from US President Donald Trump or British Prime Minister Boris Johnson.

  • Is stakeholder capitalism really back?

    For four decades, the prevailing doctrine in the United States has been that corporations should maximise shareholder value—meaning profits and share prices—here and now, come what may, regardless of the consequences to workers, customers, suppliers, and

  • America’s Superpower Panic

    Global superpowers have always found it painful to acknowledge their relative decline and deal with fast-rising challengers. Today, the United States finds itself in this situation with regard to China. A century and a half ago, imperial Britain faced a similar competitive threat from America. And in the seventeenth century, the Dutch Republic was the superpower and England the challenger.

  • Remembering the miracle of 1989

    This month marks 30 years since Europe—and human civilisation generally—began to undergo a miraculous transformation that is now etched in the world’s memory. By the summer of 1989, the Soviet Union was already in terminal decline.