International Selection

A war between the US and China today is no more inevitable than was war between the rising US and the declining United Kingdom a century ago. By Charles C. Krulak and Alexander Friedman.

Although the top-down approach to state-building has worked in some cases, most states have been constructed not by force but by compromise and cooperation. A column by Daron Acemoglu.

It is tempting to dismiss America’s failure in Afghanistan as inconsequential for the dollar. After all, the greenback weathered the fall of Saigon in 1975. A column by Jim O’Neill.

By around 2035, China will be doing worse than the US on all demographic metrics, and in terms of economic growth. That is of strategic importance. A column by Yi Fuxian.

The view that a central bank’s interest-rate policy can and should be the main driving force behind greater income equality is stupefyingly naive, no matter how often it is stated. A column by Kenneth Rogoff.

Climate financial regulation will not help the climate, will further politicize central banks, and will destroy their precious independence. A column by John H. Cochrane.

The hasty and poorly planned US withdrawal is a strategic and moral failure that will reinforce questions about US reliability among friends and foes far and wide. A column by Richard N. Haass.

The Fed will have to return to a policy rule. The sooner this occurs, the smoother the recovery will be. There is still time to adjust and get back to a policy rule, but time is running out. A column by John B. Taylor.

In today’s interdependent world, global cooperation is fundamental. The rivalry with China, though essential to the defense of democracy around the world, is not the West’s sole priority. A column by Daron Acemoglu.

Monetary policymakers should be worried about one risk that prolonged QE intensifies: the government’s fiscal exposure to future interest-rate hikes. A column by Raghuram G. Rajan.

Now, we are moving toward another new monetary order. We may learn to manage the new system faster than we did after the Nixon Shock. But the outcome could be far more shocking. A column by Harold James.

The Chinese government’s assault on tech companies is antithetical to the creativity they require to grow and flourish. A column by Stephen S. Roach.