The dollar is dead. Long live the dollar. If 2020 confirmed one thing, it was the centrality of the dollar to the global economy. U.S. hegemony may
Scientists may have provided us with a miraculous fix for Covid, but history shows that any path to recovery will be long. Read the full
The vista painted for us by Bruno Latour, Eva Lin, and Martin Guinard in their concept for the Taipei Biennial 2020 is alarming: “We are
In the final weeks of 2020 an optimist might see light at the end of the tunnel. Europe was hit hard by the second wave
In the first half of 2020, as the world economy shut down, hundreds of millions of people across the world lost their jobs. Following India’s
With a slim majority in Congress, the president-elect lacks a solid base. The past teaches us what may happen. President Trump’s efforts to overturn the
Central banks have kept their economies afloat this year—but political dysfunction is pushing them past the breaking point. In the looking-glass moment of November 2020
Joe Biden may have won the election, but the U.S. is still divided and the Republicans are ready to block his every move, even as
As the transition to the next administration under Joe Biden begins, several lists of potential economics team members are already in circulation. Longtime Biden advisors
With progress blocked, the US election could entrench the poisonous status quo Whatever else emerges from the US’s 2020 election, one thing is clear: it
As of early morning, Nov. 4, the presidential betting market is back where it was 24 hours ago. As was true before the polls closed
As we await the outcome of the U.S. election, the world economy drifts listlessly, paralyzed by the shock of COVID-19 and geopolitical and political uncertainty.
The United States can protect itself against turbulence, but doing so against a great recession is a lot more difficult, and that is the danger
The forces Trump represents and the fragility of the country’s electoral machinery are problems decades in the making. As we approach 3 November, it seems
What has kept Donald Trump in the presidential race is his electoral base. It consists of white men, rural and small-town voters and small-business owners.
This was supposed to be a big year for climate politics. It has lived up to expectations. But not, perhaps, in quite the way Europe
The great powers have taken big steps to fight global warming. Now attention turns to the rest of the world. China’s unilateral commitment to carbon
In a little-noticed speech this week, China permanently changed the global fight against climate change. China will scale up its Intended Nationally Determined Contributions by
Immunization to COVID-19 is supposed to solve our problems—but it’s starting to trigger even bigger ones. Faced with a pandemic that paralyzed the world, a
Review of: The New Map: Energy, Climate, and the Clash of NationsBy Daniel Yergin In the 1990s Daniel Yergin emerged as one of the great
Adam Tooze argues that worrying about the euro exchange rate and a non-existent inflation enemy in Europe must give way to fiscal and monetary demand
Are we seeing the end of the supremacy of the US dollar? With soaring government spending and gaping deficits are we on the cusp of
“This summer, Europe is basking in a sense of accomplishment. On July 21, after protracted labor, the European Union announced the birth of a historic
We all know the Chernobyl script. A badly designed reactor suffered a meltdown. The decrepit Soviet regime tried to hide the disaster. Millions of citizens
What Eric Hobsbawm called the ‘short 20th century’ is supposed to have ended in 1989 with the United States winning the Cold War. Yet today
Adam Tooze argues the European Green Deal and young Europeans’ activism are fostering a virtuous circle favouring more rapid decarbonisation. In the 1980s the dawning
Eine neue Rolle für die EZB Das Urteil des Bundesverfassungsgerichts zum Anleihekaufprogramm PSPP der Europäischen Zentralbank (EZB) war ein bedeutender Eingriff in das europäische Recht
A coordinated response to the crisis in the Americas, India and Africa must be led by countries that have suppressed the virus It took more
Add changes in technology, macroeconomics and geopolitics to the virus, and it becomes clear why we face a turbulent year Over the last half-century the
As another sovereign-debt crisis looms, Adam Tooze warns against repeating the mistake of delegating to anonymised ‘markets’ accountable political choices. We are headed into a
In Europe, a ruling by the German Constitutional Court that the European Central Bank (ECB) failed to adequately justify a program of asset purchases it
In the spring of 2020 the streets of the major commercial capitals of the world from Lagos to Shanghai, London, and New York were eerily
One of the casualties of the COVID-19 pandemic is the great Victory Day parade that had been planned for Moscow’s Red Square for May 9.
We do not know how the corona crisis ends. We do know that whenever it does we will be poorer as a result. GDP is
The idea of a negative price for any commodity is outlandish, implying the seller is prepared to pay a buyer. But for oil, the largest
In mid-April, in a normal year, American citizens rush to finish their tax returns, and the world’s financial elite gathers in Washington, D.C., for the
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