Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Project Syndicate’

Germany’s Hour

Posted by hkarner - 19. September 2017

Robert Skidelsky, Professor Emeritus of Political Economy at Warwick University and a fellow of the British Academy in history and economics, is a member of the British House of Lords. The author of a three-volume biography of John Maynard Keynes, he began his political career in the Labour party, became the Conservative Party’s spokesman for Treasury affairs in the House of Lords, and was eventually forced out of the Conservative Party for his opposition to NATO’s intervention in Kosovo in 1999.

For the European Union to work, its strong members must be prepared to show solidarity with its weak members. And as long as Germany, the strongest of them all, opposes creating some mechanism to realize this imperative, the EU will limp from crisis to crisis – probably shedding members along the way.

Germany is the EU’s most populous state and its economic powerhouse, accounting for over 20% of the bloc’s GDP. Determining why Germany has been so economically successful appears to be elusive. But three unique features of its so-called Rhineland model stand out. Den Rest des Beitrags lesen »

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Redefining Europe, and Europeans

Posted by hkarner - 19. September 2017

Carl Bildt was Sweden’s foreign minister from 2006 to October 2014 and Prime Minister from 1991 to 1994, when he negotiated Sweden’s EU accession. A renowned international diplomat, he served as EU Special Envoy to the Former Yugoslavia, High Representative for Bosnia and Herzegovina, UN Special Envoy to the Balkans, and Co-Chairman of the Dayton Peace Conference. He is Chair of the Global Commission on Internet Governance and a member of the World Economic Forum’s Global Agenda Council on Europe.

For Europe to find its place in a rapidly changing world, its citizens will have to look beyond the nation-state as their sole source of personal identity. There are few “first nations” left in the world today – and that is a welcome development.

LEIPZIG – Traveling through Germany in the run-up to its federal election on September 24, one cannot help but be struck by the lingering signs of profound trauma from the 2015 refugee crisis.

German Chancellor Angela Merkel’s response to the crisis two years ago was to throw out the rulebook and open her country’s borders. She famously told the German people, “Wir schaffen das” (We can do it). Den Rest des Beitrags lesen »

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A New Trump?

Posted by hkarner - 17. September 2017

Elizabeth Drew is a regular contributor to The New York Review of Books and the author, most recently, of Washington Journal: Reporting Watergate and Richard Nixon’s Downfall.

White House infighting may be quieter since John Kelly took over as Chief of Staff and imposed more order in the West Wing. But, so long as Trump is president, orderliness will not be the administration’s chief characteristic.

WASHINGTON, DC – It’s generally agreed in Washington, DC, that President Donald Trump’s presidency is entering a new phase. Defining just what that phase is, is proving to be problematic.

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The Urgency of Refugee Education

Posted by hkarner - 15. September 2017

Filippo Grandi is United Nations High Commissioner for Refugees.

Of the 17.2 million refugees that the UN Refugee Agency seeks to protect, roughly half are school-age children. But while conflict and violence is robbing them of their childhoods, many are also being denied a future, largely as a result of the international community’s unfulfilled commitments to funding education for the displaced.

GENEVA – The world’s refugee crisis is most often measured in numbers. But for young refugees missing out on an education, the crisis can also be tracked by an irreversible metric: the passage of time. Of the 17.2 million people that the United Nations High Commissioner for Refugees (the UN Refugee Agency) is responsible for protecting, roughly half are under the age of 18, meaning that an entire generation of young people, already robbed of their childhood, could lose out on a future as well.

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The Mystery of the Missing Inflation

Posted by hkarner - 14. September 2017

Nouriel Roubini

Nouriel Roubini, a professor at NYU’s Stern School of Business and CEO of Roubini Macro Associates, was Senior Economist for International Affairs in the White House’s Council of Economic Advisers during the Clinton Administration. He has worked for the International Monetary Fund, the US Federal Reserve, and the World Bank.

Since the summer of 2016, the global economy has been in a period of moderate expansion, yet inflation has yet to pick up in the advanced economies. The question that inflation-targeting central banks must confront is straightforward: why?

NEW YORK – Since the summer of 2016, the global economy has been in a period of moderate expansion, with the growth rate accelerating gradually. What has not picked up, at least in the advanced economies, is inflation. The question is why.

In the United States, Europe, Japan, and other developed economies, the recent growth acceleration has been driven by an increase in aggregate demand, a result of continued expansionary monetary and fiscal policies, as well as higher business and consumer confidence. That confidence has been driven by a decline in financial and economic risk, together with the containment of geopolitical risks, which, as a result, have so far had little impact on economies and markets. Den Rest des Beitrags lesen »

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Deconstructing Deglobalization

Posted by hkarner - 13. September 2017

Harold James is Professor of History and International Affairs at Princeton University and a senior fellow at the Center for International Governance Innovation. A specialist on German economic history and on globalization, he is a co-author of the new book The Euro and The Battle of Ideas, and the author of The Creation and Destruction of Value: The Globalization Cycle, Krupp: A History of the Legendary German Firm, and Making the European Monetary Union.

US President Donald Trump and his advisers’ fierce rhetoric on trade and immigration has led some to wonder if our current era of globalization is now at risk. If it is, an even more pertinent question is whether the end will be accompanied by violence.

PRINCETON – US President Donald Trump and his advisers’ fierce rhetoric on trade and immigration has led some to wonder if our current era of globalization is now at risk. If it is, an even more pertinent question is whether the end will be accompanied by violence.

In previous episodes of deglobalization, catastrophic events such as World War I or the financial crash of 1929 disrupted the flows of commerce, finance, and people that had previously linked countries together. One result of these crises was that nationality and citizenship became the key components of political and social life. Den Rest des Beitrags lesen »

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An American Political Tragedy

Posted by hkarner - 13. September 2017

Helmut K. Anheier is President and Professor of Sociology at the Hertie School of Governance in Berlin.

 

From Reaganomics to Obamacare, US policies have often overpromised and underperformed. Donald Trump’s presidency is the culmination of this trend – one that can be reversed only with a major realignment of US political parties.

BERLIN – US President Donald Trump’s nearly eight months in office have been characterized by a series of disturbing political developments. But Trump is not entirely to blame. His presidency is just the latest act in a long-running political tragedy.

From a foreign-policy perspective, the problem began in the 1990s, when the United States squandered the post-Cold War peace dividend. With regard to domestic policy, the failures began even earlier: from Reaganomics in the 1980s to Obamacare in the 2010s, major policies have often overpromised and underperformed, while failing to address underlying problems.

Of course, US politicians are rarely short on lofty rhetoric – from Ronald Reagan’s “Morning in America” campaign to Barack Obama’s “Yes, we can” slogan to Donald Trump’s “America First” refrain. And, beginning with John F. Kennedy, presidents have likened the US to a “city upon a hill” – an example to the rest of the world. Den Rest des Beitrags lesen »

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Tackling Migration at the Source

Posted by hkarner - 13. September 2017

Kemal Derviş, former Minister of Economic Affairs of Turkey and former Administrator for the United Nations Development Program (UNDP), is a vice president of the Brookings Institution.

For advanced economies, immigration is a contentious topic, with countries struggling to settle on policies that will enable them to reap the benefits of immigration, without incurring excessive costs. But, rather than focusing on their own borders, they should be looking to mitigate migration pressures in source countries.
WASHINGTON, DC – For citizens of poor countries, migration often is a highly appealing option. The journey to a new country is often perilous, but it promises far greater economic opportunity: average per capita incomes in advanced economies can be more than 50 times higher (in terms of purchasing power parity) than those in the developing world. In many cases, migrants’ physical security improves as well. Yet, for recipient countries, immigration remains a contentious topic, with governments struggling to settle on policies that will enable their economies to reap the benefits and avoid incurring excessive costs.

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Learning from Harvey

Posted by hkarner - 10. September 2017

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