Project Syndicate

The World’s Opinion Page, featuring exclusive commentaries by scholars, policymakers, practitioners, and civic activists.

[Project Syndicate @ProSyn]

If Iceland becomes a member of the eurozone, the eurosystem can act as a lender and market maker of last resort, preventing a recurrence of the post-2008 banking crisis, @willem_buiter and Anne C. Sibert explain. https://t.co/PF7trqH9y4

[Project Syndicate @ProSyn]

Foreign leaders like Albanian Prime Minister @ediramaal should not be surprised that doing conspicuous business with @realDonaldTrump's incipient mafia state would end up making them look suspect, Jan-Werner Mueller writes. https://t.co/L1KFae8D3K

[Project Syndicate @ProSyn]

In a world where governments are already cash-strapped, one way to level the playing field for humans is to levy a tax on the AI tokens a firm consumes, Raghuram G. Rajan suggests. https://t.co/4uOwuZSlK1

[Project Syndicate @ProSyn]

As more people with psychological problems reach for their phones instead of calling a doctor, it becomes even more important that the tools at their disposal do more good than harm, writes Anne Lepetit. https://t.co/78Z9Qis2vu

[Project Syndicate @ProSyn]

What would happen if thousands of large institutions tried to diversify out of the US at once? Prices in destination markets would surge, yields would fall, currencies would appreciate, and seemingly deep markets might prove shallow, @JorgeArbache warns. https://t.co/lzohM6wQDF

[Project Syndicate @ProSyn]

Fearing that a financial crisis in the United Kingdom could trigger an attack on the dollar, US officials in the 1960s came to see the British pound as their “outer perimeter defense.” In 2026, the yen is playing the same role, Harold James explains. https://t.co/2GoIHnBkcF

[Project Syndicate @ProSyn]

Hardly a day goes by without some financial or political commentator touting the miracle of America’s economic performance. But if everything was so great, one would expect an improvement in the cyclical US fiscal position, Jim O'Neill warns. https://t.co/HyEsr6DvfW

[Project Syndicate @ProSyn]

By abandoning the goal of Korean unification, Kim Jong-un may be undermining the ideological inheritance on which the Kim family’s personality cult was built, observes @asaninst’s Yoon Young-kwan. https://t.co/m6Kukx1gpu

[Project Syndicate @ProSyn]

With Chinese exports continuing to flood global markets the question of how to mitigate a new “China shock,” and persuade Chinese officials to boost domestic consumption, is taking on increasing urgency. Read perspectives from Jeffrey Frankel, Gene Frieda, Daniel Gros, Desmond Lachman, @rodrikdani, and @MichaelRStrain in a new PS Big Picture. https://t.co/AGkN0dSl2Y

[Project Syndicate @ProSyn]

Ironically, the dysfunction that makes multilateral cooperation so difficult has made multilateral development banks more attractive as a haven, @AIIB_Official's @ErikBerglof writes. https://t.co/oWPSByf20n

[Project Syndicate @ProSyn]

Deep Dive: Oligarchy is now available. With examinations of ancient Greek institutions, the wealth-tax debate, the offshore financial system, the flawed theory of money underpinning our economies, and more, the seven-commentary collection offers fresh insights into modern oligarchy’s causes, consequences, and remedies. Read it now. https://t.co/TiOyFQUnSi

[Project Syndicate @ProSyn]

China’s shrinking workforce is widely seen as a drag on future growth. Yet its extraordinary embrace of robotics suggests that labor scarcity may itself accelerate technological change, argues @LBS’s @ProfAndrewScott. https://t.co/jePJU0xNui

[Project Syndicate @ProSyn]

Tank Man is one of history’s most iconic images of defiance. But the tragedy it symbolizes has overshadowed Asia’s extraordinary democratic breakthroughs from the same era, notes @UCIrvine’s Jeffrey N. Wasserstrom. https://t.co/HxQ2bjWwyA

[Project Syndicate @ProSyn]

Eric Hazan, Lenny Benbara, and Baptiste Lefort outline an AI strategy that would set the EU up for success within multiple technological futures. https://t.co/F2nmEisUVO

[Project Syndicate @ProSyn]

If the EU embraces protectionism, China will almost certainly retaliate, concedes @AEI's Desmond Lachman. And yet, protectionist measures remain the EU's best option for safeguarding its manufacturing base. https://t.co/W9oKkArnMW

[Project Syndicate @ProSyn]

It is promising that elements of @DaniRodrik's “productivism” framework can be seen in the agenda of New York City's Economic Development Corporation under @ZohranKMamdani, observes @rickmcg (@SCEPA_economics). But success is not guaranteed. https://t.co/F8dJ8cxuau

[Project Syndicate @ProSyn]

The world's multilateral development banks have embarked on reforms that could unlock approximately $600-800 billion in additional lending capacity over the next decade, notes @AIIB_Official's @ErikBerglof. https://t.co/oWPSByf20n

[Project Syndicate @ProSyn]

The question is no longer whether CASA-1000 will achieve its original objectives, writes Djoomart Otorbaev. It is who will take accountability for a billion-dollar project whose economics failed long before its completion. https://t.co/hhWNgLCuBI

[Project Syndicate @ProSyn]

In recent years, the US has expanded its lead over other major advanced economies, in terms of both economic power and income, observes Keun Lee (@SeoulNatlUni). https://t.co/rgmhS60qo7

[Project Syndicate @ProSyn]

There is ample research to show that currency interventions of the kind @SecScottBessent recently pursued on Japan's behalf are not effective, notes Harold James. https://t.co/2GoIHnBkcF