International Selection

The two most powerful nations in the world keep blaming each other bitterly. Both will pay a price for this war of words. A column by Stephen S. Roach.

Somehow, the Eurozone governments have managed to patch some of their disagreements, but probably not yet enough to ensure safe passage through the difficulties that lie ahead. A column by Charles Wyplosz.

Ian Bremmer, political scientist and founder of Eurasia Group, a global political risk research and consulting firm, warns of the consequences of the current crisis.

The real issue is the direction of fiscal policy once the immediate crisis has been overcome; either balance budgets quickly or continue to run deficits? A column by Daniel Gros.

The pandemic threatens to devastate large parts of the developing world. That would be a humanitarian tragedy as well as a destabilizing blowback for the rest of the world. A column by Mohamed A. El-Erian.

Mohamed El-Erian, chief economic adviser at Allianz, worries about the structural damage the current crisis might inflict.

Ben Inker, head of the Asset Allocation team at Boston-based asset manager GMO, likes emerging market equities. US-stocks are still overvalued.

Rather than applying a double standard and fixating on China’s undoubtedly large errors, we would do better to consider what China can teach us. A column by Jim O’Neill.

Matthew Harrison, head of biotech research at Morgan Stanley, sees a long period of social distancing measures ahead of us. But there is light at the end of the tunnel.

Crises, by definition, always force a choice. One’s response can be short-sighted, panicky, and destructive, or it can be radical, innovative, and constructive. A column by Harold James.

Eventually, we will prevail in the post-virus world. But it will be a long haul. The best way to shorten it is to recognize that a return to «normal» is not an option. A column by Simon Johnson.

Branko Milanović, professor in economics at the City University of New York, warns that the Corona crisis could cause a breakdown in social order.