From the Fall 2020 issue
A Remarkable Resemblance
Germany from 1900 to 1945 and China today. Time for a NATO for trade?
China’s New “Dual Circulation” Strategy: Two Views
I. “Dual Circulation” Is China’s Strategic Pivot to Prepare for Long-Term Competition With the United States
II. The Same Old Wine in New Bottles
The entire developed world is bogged down in unprecedented levels of debt, the Covid-19 crisis is not over, and the major central banks’ balance sheets have been massively expanded. What is the end game to this global situation in what is still a dollarized world?
Featuring commentary by Anders Åslund, Scott K.H. Bessent, Lorenzo Bini Smaghi, Jill Carlson, Stephen G. Cecchetti, Menzie D. Chinn, Lorenzo Codogno, Tim Congdon, Marek Dabrowski, Mohamed A. El-Erian, Heiner Flassbeck, Takeshi Fujimaki, Joseph E. Gagnon, James K. Galbraith, James E. Glassman, Michael Hüther, Richard Jerram, Gary N. Kleiman, Anne O. Krueger, Mickey D. Levy, Thomas Mayer, Jim O’Neill, Adam S. Posen, Holger Schmieding, Derek Scissors, Mark Sobel, Makoto Utsumi, and Chen Zhao.
The Four Horsemen of the Apocalypse
How did the world get into this mess, and how do we get out of it?
An “A” for promises and vision. A “D-minus” for developing the strategy and tactics to bring about compelling change.
Where China’s economic miracle began.
The most influential Treasury secretary in decades, dollar-euro currency war fantasy, Jay Powell's pleasant surprise, German Savings explosion, Sir Samuel Brittan, 1933–2020.
America’s inequality time bomb.
Europe’s post-Trump sigh of relief.