Posts Tagged ‘Project Syndicate’
Posted by hkarner - 23. Februar 2017
NEW DELHI – For too long, the World Trade Organization has languished, to lift a reference from T.S. Eliot, by the “waters of Leman” (Lake Geneva). Once the world’s preeminent multilateral trade forum, the WTO has been steadily marginalized in recent years, and recent rebukes of globalization, such as the United Kingdom’s Brexit vote and the election of Donald Trump as US president, suggest that this trend will accelerate. But these outcomes may actually have the opposite effect, owing to three key developments that could enable the revival of the WTO – and of the multilateralism that it embodies.
The first development is the decline of alternative trade arrangements. The WTO reached its peak in the early 2000s, a few years after the Uruguay Round of global trade negotiations concluded, and a time when more countries – most notably China – were acceding to the organization.
But major trade players like the United States and the European Union subsequently shifted their focus from multilateral trade agreements to bilateral, regional, and mega-regional deals. The mega-regionals – namely, the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP) – posed a particularly grave threat to the WTO. Yet those are precisely the deals that the Trump administration is rejecting, or at least postponing. Den Rest des Beitrags lesen »
Posted in Artikel | Verschlagwortet mit: Brexit, Hyper-Globalization, Project Syndicate, Subramanian, Trump, WTO | Leave a Comment »
Posted by hkarner - 22. Februar 2017
Sandra Navidi is CEO of BeyondGlobal, a consulting firm advising on macroeconomic and strategic positioning, and the author of $uperHubs: How the Financial Elite and their Networks Rule Our World.
FEB 21, 2017 Project Syndicate
MUNICH – American democracy is a complex, self-organizing system. In terms of network science, President Donald Trump is a “superhub”: the most well-connected human “node,” located in the center of the network. While Trump does not have control over the entire system – he himself is subject to its systemic forces – he has enough influence that he could cause it to fail.
Complex systems don’t fail easily. They are generally adaptive and self-correcting. When they become too skewed, circuit breakers kick in to restore balance. But if circuit breakers are disabled, the system will ultimately self-destruct.
The likelihood of such an outcome is hard to predict. But in situations of absolute uncertainty, it is advisable to assume the worst, and many indicators seem to point to a potential “hostile takeover” of liberal democracy by Trump and his cohorts. Den Rest des Beitrags lesen »
Posted in Artikel | Verschlagwortet mit: Democracy, Navidi, Project Syndicate, Trump, USA | Leave a Comment »
Posted by hkarner - 21. Februar 2017
Joseph E. Stiglitz
Joseph E. Stiglitz, recipient of the Nobel Memorial Prize in Economic Sciences in 2001 and the John Bates Clark Medal in 1979, is University Professor at Columbia University, Co-Chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD, and Chief Economist of the Roosevelt Institute. A former senior vice president and chief economist of the World Bank and chair of the US president’s Council of Economic Advisers under Bill Clinton, in 2000 he founded the Initiative for Policy Dialogue, a think tank on international development based at Columbia University. His most recent book is The Euro: How a Common Currency Threatens the Future of Europe.
FEB 20, 2017 Project Syndicate
NEW YORK – In barely a month, US President Donald Trump has managed to spread chaos and uncertainty – and a degree of fear that would make any terrorist proud – at a dizzying pace. Not surprisingly, citizens and leaders in business, civil society, and government are struggling to respond appropriately and effectively.
Any view regarding the way forward is necessarily provisional, as Trump has not yet proposed detailed legislation, and Congress and the courts have not fully responded to his barrage of executive orders. But recognition of uncertainty is not a justification for denial.
On the contrary, it is now clear that what Trump says and tweets must be taken seriously. Following the election in November, there was near-universal hope that he would abandon the extremism that defined his campaign. Surely, it was thought, this master of unreality would adopt a different persona as he assumed the awesome responsibility of what is often called the most powerful position in the world. Den Rest des Beitrags lesen »
Posted in Artikel | Verschlagwortet mit: Project Syndicate, Solidarität, Stiglitz, Trump, USA | Leave a Comment »
Posted by hkarner - 19. Februar 2017
Javier Solana was EU High Representative for Foreign and Security Policy, Secretary-General of NATO, and Foreign Minister of Spain. He is currently President of the ESADE Center for Global Economy and Geopolitics, Distinguished Fellow at the Brookings Institution, and a member of the World Economic Forum’s Global Agenda Council on Europe.
FEB 18, 2017, Project Syndicate
MUNICH – The world needs the European Union now more than ever. Despite recent crises and the hard blow dealt by the Brexit vote, the EU may well be the world’s best line of defense against today’s most serious threats: isolationism, protectionism, nationalism, and extremism in all forms, all of which are once again growing in Europe and beyond. The key to enabling the EU to meet this potential – to save itself and the world from catastrophe – is for member states urgently to adopt a “European Union first” mantra.
Unlike the “America first” credo embraced by US President Donald Trump, such a mantra would not be an exercise in damaging unilateralism. On the contrary, it would compel member states’ governments to look beyond narrow national interest, defend openness and multilateralism, and confront head-on the exclusionary political forces that have lately been gaining ground. It would drive member states to consolidate the EU, thereby enabling it to overcome the challenges it faces and help preserve the international order. Den Rest des Beitrags lesen »
Posted in Artikel | Verschlagwortet mit: Brexit, china, Europe, Extremism, Isolationism, Nationalism, Project Syndicate, Protectionism, Solana, Trump | Leave a Comment »
Posted by hkarner - 17. Februar 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.
FEB 16, 2017 Project Syndicate
MUNICH – I must confess that I am a firm believer in the benefits of globalization. To my mind, the gradual interlinking of regions, countries, and people is the most profoundly positive development of our time.
But a populist has now assumed the United States presidency by campaigning on a platform of stark economic nationalism and protectionism. And in many countries, public discourse is dominated by talk of globalization’s alleged “losers,” and the perceived need for new policies to stem the rise of populist discontent.
When I was born, the world’s population was 2.5 billion. I vividly recall a time in my life when many people feared that starvation would soon run rampant, gaps between the rich and poor would grow ever wider, and everything would eventually come crashing down.
We now live in a world with 7.5 billion people, and yet the share of people living in absolute poverty has declined rapidly, while the gap between rich and poor countries has steadily closed. Around the world, average life expectancy has increased from 48 to 71 years – albeit with significant differences between countries – and overall per capita income has grown by 500%. Den Rest des Beitrags lesen »
Posted in Artikel | Verschlagwortet mit: Bildt, Globalization, Project Syndicate, Protectionism, Trump | Leave a Comment »
Posted by hkarner - 16. Februar 2017
Barry Eichengreen is Professor of Economics at the University of California, Berkeley, and a former senior policy adviser at the International Monetary Fund. His latest book is Hall of Mirrors:The Great Depression, the Great Recession, and the Uses – and Misuses – of History.
FEB 15, 2017 Project Syndicate
FLORENCE – Donald Trump did not assume the US presidency as a committed multilateralist. On that, partisans of all political persuasions can agree. Among his most controversial campaign statements were some suggesting that NATO was obsolete, a position that bodes ill for his attitude to other multilateral organizations and alliances.
Last week, however, Trump stepped back, reassuring an audience at US Central Command in Tampa, Florida (the headquarters for US forces that operate in the Middle East). “We strongly support NATO,” he declared, explaining that his “issue” with the Alliance was one of full and proper financial contributions from all members, not fundamental security arrangements.
This more nuanced view presumably reflects a new appreciation, whether born of security briefings or the sobering fact of actually occupying the Oval Office, that the world is a dangerous place. Even a president committed to putting “America first” now seems to recognize that a framework through which countries can pursue shared goals is not a bad thing. Den Rest des Beitrags lesen »
Posted in Artikel | Verschlagwortet mit: Eichengreen, Multilateralism, Project Syndicate, Trump, USA | Leave a Comment »
Posted by hkarner - 16. Februar 2017
Tony Karon is an instructor in the New School’s Graduate Program in International Affairs. He was previously a Senior Editor at TIME magazine and Editorial Director of Al Jazeera America’s digital news operation.
FEB 15, 2017 Project Syndicate
NEW YORK – US President Donald Trump’s administration has shocked the mainstream press by bullying news outlets and unabashedly trafficking in “alternative facts” (also known as lies). But Trump’s challenge to the media status quo may not be an entirely bad thing: journalists now have an opportunity to root out the bad habits associated with cozying up to those in power.
Trump’s chief strategist, Stephen Bannon, drew gasps recently when he told the New York Times that the news media represent “the opposition party.” Bannon may have wanted to disorient his interlocutors, but he also inadvertently reminded them of the adversarial role they are meant to play. In a healthy democracy, the press helps citizens hold the government accountable, by vigorously interrogating official policies and behavior. Den Rest des Beitrags lesen »
Posted in Artikel | Verschlagwortet mit: Karon, Press, Project Syndicate, Trump | Leave a Comment »
Posted by hkarner - 15. Februar 2017
Christopher Smart, a senior fellow at the Mossavar-Rahmani Center for Business at Harvard University’s Kennedy School of Government, was Special Assistant to the president for International Economics, Trade and Investment (2013-15) and Deputy Assistant Secretary of Treasury for Europe and Eurasia (2009-13). He is also Whitehead Senior Fellow at Chatham House.
FEB 14, 2017 Project Syndicate
LONDON – In 2017, Europe’s leaders will confront an array of severe tests, including tumultuous elections featuring populist insurgencies, complex negotiations over Britain’s departure from the European Union, and a new American president who thinks that the transatlantic alliance is “obsolete.”
But, despite these challenges, EU leaders will also have an opportunity to strengthen their battered union and reinforce its institutions. In particular, they should focus on restoring the banking sector’s credibility, by providing it with more capital and better oversight. Even if they make progress on nothing else, achieving this goal could turn 2017 into a very good year after all.
Europe’s banks have long been central to the continent’s economy. In France and Germany, bank assets amount to 350-400% of GDP, whereas in the United States, they are equal to just over 100% of GDP. After the 2008 financial crisis, the eurozone’s weakest banks quickly buckled under the weight of their bad loans, and then threatened to drag their respective governments down with them. With many countries’ creditworthiness in doubt, even strong banks were caught in a “doom loop,” as they suffered losses from the collapsing sovereign debt on their books. Den Rest des Beitrags lesen »
Posted in Artikel | Verschlagwortet mit: Banken, Banking Union, ECB, Euro, Project Syndicate, Regulieren, Smart | Leave a Comment »
Posted by hkarner - 15. Februar 2017
Lucy P. Marcus
Lucy P. Marcus, founder and CEO of Marcus Venture Consulting, Ltd., is Professor of Leadership and Governance at IE Business School and a non-executive board director of Atlantia SpA.
FEB 14, 2017 Project Syndicate
LONDON – Under President Donald Trump, the United States seems to find itself confronting an extraordinarily ego-driven administration. In fact, it’s worse: in his first month in office, Trump appears to be consolidating a type of governance by id.
The chaos now prevailing on the US political scene reflects this. Policies are based on “alternative facts” and Trump’s own mythology as a straight-talking billionaire business mogul (though his back story is riddled with holes). Ignorance of the law has become an excuse to flout it, and to engage in ethically dubious behavior, such as inviting Japanese Prime Minister Shinzo Abe to his Mar-a-Lago resort, or attacking the department store Nordstrom for dropping his daughter Ivanka’s clothing line. (Trump re-tweeted his attack on the company from the official @POTUS account, and his adviser Kellyanne Conway then plugged Ivanka’s line on national television.) Den Rest des Beitrags lesen »
Posted in Artikel | Verschlagwortet mit: Leadership, Marcus, Project Syndicate, Trump | Leave a Comment »