Comment

The European Union has a strong industrial base for new high-tech medical products, but the EU’s complicated political decision-making structure is not suited to nimble executive action. A column by Daniel Gros.

Sustained funding for global public goods such as vaccines, diagnostics, sanitation, surveillance, and modeling tools must be a political legacy of the pandemic. A column by Jim O’Neill,  Sally C. Davies and Jeremy Farrar.

It seems to be an article of faith that the world’s appetite for dollar debt is insatiable. But a modernization of China’s exchange-rate arrangements could deal the dollar’s status a painful blow. A column by Kenneth Rogoff.

If the economy recovers and fiscal stimulus turbocharges pent-up demand, price growth will begin to accelerate, and the ECB will have a very hard time curbing it. A column by Hans-Werner Sinn.

Central banks are now contemplating getting into the digital-payments game themselves. They fear losing control over payments as physical cash becomes redundant. A column by Raghuram G. Rajan.

We do not know what its strategy is, not even whether it has formulated one internally. This makes a strong case for the SNB to undertake a review. A column by Charles Wyplosz.

Just as the US trade deficit was not made in Japan 30 years ago, it is not made in China today. The problem is of America’s own making: a shortfall of domestic saving. A column by Stephen S. Roach.

It is imperative that all countries and international institutions maintain their commitment to developing our most important resource: people. A column by Pinelopi Koujianou Goldberg.

China's leaders have settled on a hardline course in the belief that its costs are bearable. But, by throwing down the gauntlet to a new US administration, they may be overplaying their hand. A column by Minxin Pei.

The rising popularity of SPACs and cryptocurrencies seems to reflect not their own strengths but rather the excesses of the current moment. A column by Jim O’Neill.

The Biden package will increase US government debt as a share of GDP by ten percentage points, with little benefit for the US economy. A column by Daniel Gros.

If Western countries continue to focus solely on vaccinating their own populations while ignoring the need for global coordination, they should prepare for a future without unencumbered international travel. A column by Daron Acemoglu.