Comment

In an ideal world, the Special Drawing Rights would have evolved into more of a reserve currency during the era of accelerated trade and financial globalization. A column by Mohamed A. El-Erian.

Iran’s future trajectory will be determined not only by Rouhani and the conservative camp, but also by regional developments and the policy adopted by Trump’s administration. A column by Abbas Milani.

China’s new attempts to gain increased leverage from globalization are not without serious challenges of their own. A column by Stephen S. Roach.

The corporate tax code needs to be updated to make debt issuance far less attractive, especially when the proceeds are being used to buy back shares. A column by Jim O’Neill.

If the new president succeeds in pushing through long overdue reforms, France might recover some of the influence in the EU and versus Germany. A column by Charles Wyplosz.

Russia’s new model of crony capitalism seems to be a deliberate effort to emulate the success of Russia’s ancient feudal system – a system that, after all, lasted for centuries. A column by Anders Åslund.

The United Kingdom must decide if it still wants to be a part of Europe, albeit outside of the EU, and the Brussels mustn't forget that both sides need each other. A column by Carl Bildt.

In President Macron’s view, France must first implement urgently needed reforms if it wants to convince Germany to take action to address the EU’s economic malaise. A column by Zaki Laïdi.

A thoughtful president seeking to simplify a complex tax system would take a bipartisan approach. Alas, there is no reason to think that America has a thoughtful president. A column by Barry Eichengreen.

Today's world is different from the one which prevailed prior to the Great Financial Crisis: Dynamism in the developing world, lingering malaise in advanced economies. A column by Stephen S. Roach.

Package deals are a specialty of the EU. President Macron should take into account the priorities of both Italy, the biggest obstacle to EU reform, and Germany. A column by Daniel Gros.

Changes in America’s saving rate hold the key to its trade balance, as well as to its long-term level of real incomes. Blaming others won’t alter that fact. A column by Martin Feldstein.