Comment

America should return to global leadership, a role that has eroded over the last decade, with devastating consequences: It is disturbing global economic, financial, and security arrangements. A column by Michael J. Boskin.

The Schengen Area’s members need to recognize that the security rationale for abolishing internal borders remains as compelling today as it was when they joined. A column by Daniel Gros.

Argentina’s economic strategy might become a model for other countries, but if it falters, because of bad sequencing or popular dissatisfaction, other countries will become more hesitant. A column by By Mohamed A. El-Erian

If the goals set out in the 13th Five-Year Plan are realized, the Chinese people can look forward to a period of rising consumer spending and an improving standard of living. A column by Martin Feldstein.

Oil prices were not quite as consequential for global growth in 2015 as seemed likely at the beginning of the year. But 2016 could be different, and not in a good way – especially for producers. A column by Kenneth Rogoff.

If the public becomes cynical and suspicious about the way property is acquired in the modern age, it will turn away from markets and seek alternatives. A column by Victoria Curzon Price.

Governments must recognize that ultra-easy monetary policy will not restore sustainable growth and that its undesirable side effects will not be adequately mitigated by macro prudential polices. A column by Bill White.

It is becoming increasingly clear that ensuring economic opportunities for refugees should be high on the EU’s agenda. A column by Harold James.

Dividing Iraq into separate Sunni and Shia states could result in a tragedy like the one in 1947, when millions of people died during the partition of India and Pakistan. A column by Carl Bildt.

What really matters for financial systems is the extent of equity financing. Current levels are so low that banks’ equity can be substantially wiped out by even moderate negative shocks. A column by Simon Johnson.

As Europe attempts to build a sustainable, prosperous union, it should look to the US and Switzerland for guidance. Both began as defense alliances and only later developed fiscal unions. A column by Hans-Werner Sinn.

Pushing ahead to deeper integration is infeasible politically, allowing the EU to fall apart would be a disaster. Why not take Europe’s long-established «principle of subsidiarity» seriously? A column by Barry Eichengreen.