International Selection

As the Fed prepares to tighten monetary policy once again, an examination of this history – and of the current state of the economy – suggests that the US is about to enter dangerous territory. A column by J. Bradford DeLong.

One cause for this shift toward authoritarianism is that many countries no longer view the United States as a beacon of democracy and a model of stability and prosperity to be emulated. A column by Nina Khrushcheva.

The government must continue to implement reforms aimed at smoothing the economy’s shift to a new growth model and expanding the role of markets. A column by Michael J. Boskin.

China could inadvertently find itself mired in a «trapped transition,» in which the economic-reform strategy is stymied by the lack of political will in a one-party state. A column by Stephen S. Roach.

The US middle class has been doing much better than the statistical pessimists assert. And with better policies, these households can do even better in the future. A column by Martin Feldstein.

Wall Street veteran Art Cashin warns of a currency war among emerging nations similar to the Asian financial crisis in the late Nineties. He doubts that the Federal Reserve will be able to raise interest rates this year.

Just as with the adoption of information technology, the first companies to master the Internet of Things are likely to lock in significant advantages, putting them far ahead of competitors. A column by Martin Neil Baily.

Russell Napier, independent strategist and founder of the research platform ERIC, expects a series of defaults in emerging markets following the depreciation. In this environment, the Fed would not increase rates and might even launch another round of quantitative easing.

The Greek government rejected an exit, and instead accepted the creditors’ tough terms. This suggests that, during the negotiations, Greece’s leaders were driven by more than economics. A column by Daniel Gros

A sustained price recovery requires a healthier global economy that combines faster inclusive growth and greater financial stability. And this will not occur quickly. A column by Mohamed A. El-Erian.

Greece must dismantle corporatist arrangements and practices that obstruct whatever innovation and entrepreneurship might emerge. A column by Edmund S. Phelps.

American diplomat George Kennan noted early on, that, for many Muslims, Russia and the West were becoming indistinguishable. Both were viewed as secular states antagonistic to Islam. A column by Nina Khrushcheva.