Comment

Economic reform begins with political change. But for Russia, political change does not seem to be in the offing. A column by Konstantin Sonin.

For those looking back in 2028, the decade starting in 2018 will be remembered as one when European politicians began to waive and abate the Target claims through north-to-south fiscal transfers. A column by Hans-Werner Sinn.

In the 1930’s, protectionist tariffs exacerbated the Great Depression and destabilized the international order. Sadly, this painful lessons of modern history has been all but forgotten. A column by Stephen S. Roach.

Oil producers would be well advised to treat recent oil-price gains as a temporary windfall, not a permanent state of affairs or even a trend that is likely to intensify. A column by Mohamed A. El-Erian.

No financial cycle lasts forever. But the one driving today’s recovery in the eurozone, including the peripheral countries that were hardest hit, may be set to persist for a while yet. A column by Daniel Gros.

The sense of inevitability could be dispelled by recent shifts in the internal politics of both the Conservative government and the Labour opposition. A column by Anatole Kaletsky.

Very soon, it will become more apparent just how quickly and easily the latest chapter in the Chinese success story will be written: Becoming an innovation leader. A column by Simon Johnson.

While politics is not, at least for now, impeding global growth nearly as much as one might have thought, the long-run costs of political upheaval could be far more serious. A column by Kenneth Rogoff.

Central banks will need to pursue the great normalization gradually and avoid abrupt moves. They must maintain the balance of sustained moderate growth and low inflation. A column by Alexander Friedman.

However tempting it may be to focus on our own immediate desires, it is imperative now that investors’ wishes take into account the big economic and policy picture. A column by Mohamed A. El-Erian.

The world must give up aspiring to economic growth so rapid that it is running down the world’s natural capital. A column by Edmund S. Phelps.

Creating a financing framework for channeling excess savings from the global North into profitable investment opportunities in the global South would benefit everyone. A column by Célestin Monga.