International Selection

China’s new legal framework for protecting property rights holds a lot of promise. But its success will depend heavily on how it is implemented. A column by Shang-Jin Wei.

In emerging economies today, two billion people, – 45% of all adults – do not have a formal account at a bank. Mobile phones can give them access to banking services and credit. A column by Laura Tyson.

Willem Buiter, Chief Economist at Citigroup, expects higher inflation and rising government debt in the US. For the Eurozone, he is afraid of an accidental break-up.

Given the role of technology in displacing workers, protectionism won’t bring back high-paying manufacturing jobs to America, and Trump has no plan B. A column by Simon Johnson.

Trumponomics fixates on country-specific sources of the trade deficit but misses the fundamental point that these are symptoms of America’s far deeper saving problem. A column by Stephen S. Roach.

If global growth collapses, US growth could suffer severely. Still, it is far more likely that after years of slow recovery, the US economy might at last be ready to move significantly faster. A column by Kenneth Rogoff.

There is one clear upside to Trump’s policies: they will boost growth and employment in a eurozone where economic dissatisfaction is generating political turmoil. A column by Daniel Gros.

In view of negotiations on a EU-fiscal union, implying transfers from north to south, Germany and the Netherlands should know what would happen if they did not sign a treaty. A column by Hans-Werner Sinn.

China could start to speak for all of Asia; and the EU might find ways to unite against those who would tear it apart. At best, regional integration could set the stage for governance reforms. A column by Harold James.

Now that Donald Trump’s victory has created a power vacuum in Washington, Putin has a great opportunity to boost his own domestic standing. He will seek to exploit it fully. By Anders Åslund.

The UK’s divorce from the EU might descend into acrimony. As hostility rises, an amicable settlement will become less likely. Everyone will end up losing more than they have gained. A column by Harold James.

The growing share of independent work promises to bring significant aggregate economic gains, but the «gig economy» also creates complex new policy challenges. A column by Laura Tyson.