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Europe Needs to Take a Chill Pill

A controlled unwinding of the euro might offer material economic benefits to many members of the Eurozone.

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Italy Versus Germany: The Real Story

The saga of a dynamic Germany and a sclerotic Italy does not reflect the historical record.

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Will Italy Spell the End of the Euro?

France and Germany will be very flexible in their response to Italian demands, irrespective of the official rhetoric from Berlin and Paris.

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How the World Bank Mismanaged the Reconstruction of Afghanistan

Vast inflows of donor cash, intended to bring about reconstruction, may instead have added significantly to Afghanistan’s corruption problems.

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Malaysia: Democracy Won, But Will Justice Prevail?

The outgoing prime minister Najib Razak is already plotting right now to divide his opponents — and thereby escape justice.

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Playing US Sanctions: China Walks a Fine Line in Iran

The Chinese experience in circumventing earlier sanctions will come in handy with Beijing rejecting Trump’s renewed effort to isolate Iran.

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US: No Positive-Sum Trade and Economic Strategy

The Trump administration places too much emphasis on reducing the trade deficit — and not enough on investing in future U.S. competitiveness.

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Buffett: No US-China Trade War

A reflection on the 2018 Berkshire annual meeting.

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Is Economic Autarky Russia’s Only Option?

Even Chinese entities, if they themselves plan to do business or raise money in the United States, will avoid doing business with Russian entities.

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The IMF Wakes Up to Fight Graft

The IMF finally realizes that assigning priority to anti-corruption is not a choice but a necessity. It is now deemed a “macro-critical” issue.

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