Lenny Mendonca & Laura Tyson explain how the state’s uniquely successful model can be applied to today’s most pressing challenges.

AI’s Shadow Global Governance

China under Xi Jinping is not simply another rising power seeking pragmatic deals with the US. It is a near-totalitarian state pursuing a long-term strategy to displace American hegemony and remake the international order, argues Steve Tsang. bit.ly/4nxosZ4

Erik Berglöf calls for fresh thinking about how we govern and invest in the planet's life-support system.

@rregenvanu.bsky.social calls attention to a new UN resolution that would enshrine states’ legal obligation to combat climate change. mrf.lu/YWw- #ClimateLaw #Vanuatu

⚠️ Oil and gas price spikes reinforce the urgency of mission-oriented green industrial strategy. IIPP Director @mazzucatom.bsky.social's recent @projectsyndicate.bsky.social article outlines how governments can both secure living standards and build economic resilience. 🔗 Read more: buff.ly/uXQ1DoE

Djoomart Otorbaev thinks Uzbekistan’s upcoming London IPO could reshape investors’ perceptions of a long-overlooked region.

Ana Palacio warns that the EU lacks the authority to decide how its growing defense capabilities are to be used. mrf.lu/Yhtr

Hanan Morsy laments that low- and middle-income countries are being deprived of resources when they need them most. mrf.lu/YptT

Eyck Freymann warns that this week’s summit with Xi Jinping could make China’s takeover of the island more likely. mrf.lu/YYpm

Shlomo Ben-Ami envisions a less stable, more fragmented future, with China benefiting from declining faith in the US.

America’s Superpower Suicide

Brian Judge urges EU leaders to champion the initiative as vital to the bloc’s strategic autonomy.

Elsa Sependa, Head of Public Policy (Europe) at GSMA, explains why Europe needs to place a higher priority on strengthening connectivity. #PSEvents @impactcee.bsky.social bit.ly/4uEYFjL

Michael R. Strain argues that proposals for punitive taxes on the ultra-wealthy threaten to do far more harm than good.

During session one, @cristinacaffarra.bsky.social, Chair of the EuroStack Industry Foundation, argues that Europe’s focus on regulation, instead of building, caused it to become a digital colony. #PSEvents @impactcee.bsky.social

From competitiveness to security, AI is reshaping some of the most important debates about Europe’s future. Tune in live now to watch leading experts discuss the challenges ahead at Impact’26. #PSEvents @impactcee.bsky.social x.com/i/broadcasts...

We’re live at Impact’26 in Poznań for The Economics of AI, bringing together leading policymakers, economists, and technologists to discuss Europe’s position in the global AI race. #PSEvents @impactcee.bsky.social

We’re live at Impact’26 with The Economics of AI today at 12:45 PM CEST. Click the link below to tune in to our discussions on the forces shaping the European and global AI economies, from competitiveness and innovation to sovereignty and control. #PSEvents @impactcee.bsky.social bit.ly/3R4sxb0

Ralph Regenvanu calls attention to a new UN resolution that would enshrine states’ legal obligation to combat climate change.

Manufacturing used to be a powerful economic escalator because it could employ large numbers of low-skilled workers while making limited demands on low-income countries’ governance and infrastructure. Not anymore, observes @drodrik.bsky.social. bit.ly/432SFFP

Nicolas Jabko thinks central bankers can no longer count on a deep well of conservative support for their independence.

Hippolyte Fofack proposes a redesign of the financial system so that it no longer costs the continent more to borrow less. mrf.lu/YZyq

Eyck Freymann warns that this week’s summit with Xi Jinping could make China’s takeover of the island more likely.

Viri Ríos notes that Mexico’s relatively new president has already cut violent crime faster than her Salvadoran counterpart. mrf.lu/Y5wB

Hippolyte Fofack proposes a redesign of the financial system so that it no longer costs the continent more to borrow less.

Robin Rivaton shows that value lies in reorganizing overall production processes, not in improving individuals’ output.

Barry Eichengreen examines what’s behind the rising volume—and, increasingly, the domestic vaulting—of official reserves.

If confirmed as Federal Reserve chair, Kevin Warsh will need to update the Fed’s tools for a rapidly changing financial system in which a growing share of credit is created outside traditional banking, argues Stanford's Amit Seru. bit.ly/49amZ4P

Desmond Lachman expects the outgoing Federal Reserve chair’s legacy to age well, given his resolute defense of the institution. mrf.lu/_Ff9 #FederalReserve #JeromePowell

James K. Galbraith thinks Iran is positioned for a strategic victory as long as it can continue to weather the US blockade. mrf.lu/_p4K

🇭🇺 #Hungary: In a new piece for @projectsyndicate.bsky.social, IPI's Amy Brouillette writes that Orbán’s ouster is a testament to the power of independent journalism and the indispensable role of a free press in defending against autocracy. 👇

An institutional design that pools capacity and clout, while leaving political power in the hands of member states, has long hampered European decision-making, observes @anapalacio.bsky.social. But rearmament compounds this tension—and raises the stakes. bit.ly/4dc8oqV

Just when many economies need liquidity, financing conditions have tightened, risk premia have widened, and key tools in the emergency toolkit are scheduled to be phased out, Hanan Morsy warns. bit.ly/4u2Exs8

Emmanuel Guerin says the main reason is the absence of a coherent strategy for investing in industrial electrification.

Hanan Morsy laments that low- and middle-income countries are being deprived of resources when they need them most.

Ana Palacio warns that the EU lacks the authority to decide how its growing defense capabilities are to be used.

Amy Brouillette highlights the indispensable role of independent journalism in defending against autocratic rule.

Ahmed Kouchouk touts a new platform that can help developing economies coordinate on debt management and technical assistance.

Ian Bremmer foresees the greatest shift in the global balance of power since the end of the Cold War.

Ensuring a mostly peaceful transition from dictatorship depends on at least some people from the old regime being pacified, co-opted, and integrated into the new order, notes Ian Buruma. bit.ly/4tTYHEF

Richard Haass and Carolyn Kissane argue that abundant supplies are no longer enough, now that oil and gas infrastructure is a primary military target. bit.ly/4czc5I2 #EnergySecurity

Posted earlier today: My take on Jerome Powell’s complicated legacy--one of resilience in defending Fed independence, weighed against missed opportunities to enhance effectiveness and costly errors beyond just monetary policy. www.project-syndicate.org/commentary/p... @projectsyndicate.bsky.social

In 1990, the introduction of local democracy in Russia created an irresistible force for accountability of government at all levels. The promise of local democracy in Russia was destroyed by Putin. Now he should be challenged to restore it. @projectsyndicate.bsky.social prosyn.org/n2qYi8s?refe...

James K. Galbraith thinks Iran is positioned for a strategic victory as long as it can continue to weather the US blockade.

Daniel Gros explains that a stronger emissions trading system would do far more for resilience than fuel-tax reductions.

Antonio Fatas makes the case for sustainability assessments that are technically sound and insulated from politics.

@elerianm.bsky.social wonders if the outgoing Federal Reserve chair’s policy mistakes will even be remembered.

Pope Leo XIV is not the first pope to call out an empire that has lost its way. John Paul II did the same vis-à-vis the Soviet Union, Harold James observes. bit.ly/4n35ysJ

Shishir Gupta, Utkarsh Patel and Rishita Sachdeva propose practical steps that policymakers can take to tackle urban dysfunction and raise living standards.