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Republican presidential candidate Donald Trump speaks out against free trade, an so does the democratic contender Bernie Sanders. This is a recipe for disaster. A column by Kenneth Rogoff.

Countries with fiscal room for maneuver should use it. Those lacking fiscal space can agree to use monetary stimulus more aggressively, while others need to implement reforms. A column by Barry Eichengreen.

The consequences of leaving the EU are uncertain. The most pragmatic choice would be to remain in the EU, at least for now, thereby preserving the option of voting again later. A column by Mohamed A. El-Erian.

A quarter century after the collapse of the Soviet empire, of all countries its two most unruly former satellites are turning to authoritarianism Putin-style. A column by Nina Khrushcheva.

There is not much to gain for the UK by leaving the EU, whereas significant adverse impacts on the British economy seem to be much more likely. A column by Simon Johnson.

Terrorists and criminals are close relatives. Thus, to fight organised crime is, indirectly, to fight terrorism. An important step ist to legalize drug dealing and prostitution. A column by Victoria Curzon Price.

The emphasis on boosting domestic demand – long the focus of China’s consumer-led rebalancing strategy – seems to have been downgraded. That doesn't augur well. A column by Stephen S. Roach.

The West must not allow the sanction regime to crumble and the Minsk process to slide into irrelevance. If it does, the outcome will be a potentially explosive low-level conflict. A column by Carl Bildt.

Durably stabilizing the markets requires a much-needed transition from over-reliance on central banks to a more comprehensive policy approach. A column by Mohamed A. El-Erian.

Markets are afraid that when external risks do emerge, politicians and policymakers will be ineffective in confronting them. A column by Kenneth Rogoff.

There is no good reason for authorities to accelerate the move away from cash that will occur anyway. The cost takes the form of Big Brother being able to trace almost all transactions. A column by Victoria Curzon Price.

If prices remain low, as seems likely, the next decade might well see global trade stagnate, as the trade pattern «rebalances» from emerging economies to the established industrial powers. A column by Daniel Gros.