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The magazine of international economic policy.

FEATURED IN THE LATEST ISSUE

Is the World at Risk of the “Japan Disease”?

To what extent can the global economic picture of 2017 be described in one sentence: Significant parts of the world are at risk of becoming more like Japan.

Featuring commentary from Jörg Asmussen, Dean Baker, Scott K.H. Bessent, Stephen G. Cecchetti, Bernard Connolly, Richard N. Cooper, Andrew DeWit, Joseph E. Gagnon, Austan Goolsbee, George R. Hoguet, Richard Jerram, Richard C. Koo, Anne O. Krueger, Chi Lo, Kishore Mahbubani, Thomas Mayer, Ewald Nowotny, Jim O’Neill, Stephen S. Roach, Kermit Schoenholtz.

A symposium of views

Don’t Downsize the Fire Brigade!

The world’s toxic combination of massive debt, mispricing of that debt, and other serious fault lines makes the International Monetary Fund more needed than ever.

By Desmond Lachman

How Risk-Free Is the Global Financial System?

Too early to tell.

By Mohamed El-Erian

How to Fight Anti-Trade Populism

Long-time trade analyst Richard Katz speaks with C. Fred Bergsten, director emeritus of the Peterson Institute for International Economics and an important voice on global economic policy, about the populist backlash against globalization.

Currency Manipulation and the NAFTA Renegotiation

With manipulation in remission, now is the time to add currency provisions to the agreement.

By C. Fred Bergsten

The Stagnation Headache

Why are people holding back?

By Robert J. Shiller

The Productivity Puzzle

Would better allocation of capital make a difference?

By Howard Davies

The Eurozone Is Underrated

Reforms are still needed, but the system works a lot better than the conventional wisdom maintains.

By Jørgen Ørstrøm Møller

A Brexit Perspective

The United Kingdom will face slow growth with America’s positioning within Europe weakened.

By Paul J.J. Welfens

Bye Bye, Renminbi

The globalization of the RMB is truly over.

By Benn Steil and Emma Smith