International Selection

To avert chaos, Germany has to impose restrictions. An urgently needed step is to develop the capacity to distinguish between politically persecuted refugees and economic migrants. A column by Hans-Werner Sinn.

We need more than corporate apology and regulatory wrist slapping. It is time for a debate about how to craft regulations that provide incentives to achieve economic and social wellbeing. A column by Harold James.

James Grant, Wall Street expert and editor of the investment journal «Grant’s Interest Rate Observer», warns of ever more extreme central bank policies and bets on the comeback of gold.

There is simply no reason for the view, often expressed in surveys and appearing in books, that the children of today’s generation will not enjoy a standard of living as high as their parents’. A column by Martin Feldstein.

The career of chess genius Fischer might have ended at a much earlier stage today. We live in a different world. «Pawn Sacrifice» recalls the world in which his feats were possible. A column by Kenneth Rogoff.

Europe and the US face a new challenge: They must respond not only to their own economic difficulties, but also to the deep human suffering produced by economic and political failure elsewhere. A column by Harold James.

EU member countries must boost their capacity to deal with asylum applications, so that they can quickly identify those who deserve protection. Second, the EU needs to improve burden sharing. A column by Daniel Gros.

With core buyers from emerging markets pulling back, and the opportunity cost rising, the end of the art bubble will not be a pretty picture. A column by Kenneth Rogoff.

If you want to understand falling oil prices, focus on Middle East production. If you want to understand the world economy, forget about stock markets, because cheap oil always boosts global growth. A column by Anatole Kaletsky.

It is time for world leaders to put the potential of the Internet at the top of the development agenda. The big question is whether governments are aware of the potential power of this development. A column by Carl Bildt.

China matters, and its economic policy must be taken seriously. But China does not run the world, and it is unlikely to do so anytime soon. The potential for global leadership still rests with the US. A column by Simon Johnson.

The world’s poorest countries are characterized by distrust in capitalism. This leads to government intervention. Under such conditions, capitalism can't thrive, countries remain poor. A column by Ricardo Hausmann.