Showing 1 - 10 of 10
Harsh US economic blockades risk provoking war
News, Jeffrey D Sachs, Published on 03/07/2019
» US President Donald Trump has based his foreign policy on a series of harsh economic blockades, each designed to frighten, coerce, and even starve the target country into submitting to American demands. While the practice is less violent than a military attack, and the blockade is through financial means rather than the navy, the consequences are often dire for civilian populations. As such, economic blockades by the United States should be scrutinised by the United Nations Security Council under international law and the UN Charter.
Will US economic illiteracy trigger a trade war?
News, Jeffrey D Sachs, Published on 24/04/2017
» Nearly 100 days after US President Donald Trump took office, he and his commerce secretary, Wilbur Ross, continue to commit an economic fallacy that first-year economics students learn to avoid. They claim that America's current-account deficit (or trade deficit), which is in fact the result of America's low and falling saving rate, is an indicator of unfair trade practices by Germany and China, two current-account surplus countries. Their embrace of economic ignorance could lead to disaster.
Gearing up for a low-carbon future
News, Jeffrey D Sachs, Published on 08/10/2015
» In May 1961, President John F Kennedy stirred America and the world with these words: "I believe that this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the moon and returning him safely to the Earth." Just eight years later, Nasa did just that -- with astounding benefits for science, technology and the world economy.
Need for change clear as UN turns 70
News, Jeffrey D Sachs, Published on 23/08/2015
» The United Nations will mark its 70th anniversary when world leaders assemble next month at its headquarters in New York. Though there will be plenty of fanfare, it will inadequately reflect the UN’s value, not only as the most important political innovation of the 20th century, but also as the best bargain on the planet.
Chance to save Greece goes begging
News, Jeffrey D Sachs, Published on 13/07/2015
» The Greek catastrophe commands the world’s attention for two reasons. First, we are deeply distressed to watch an economy collapse before our eyes, with bread lines and bank queues not seen since the Great Depression. Second, we are appalled by the failure of countless leaders and institutions - national politicians, the European Commission, the International Monetary Fund (IMF), and the European Central Bank (ECB) - to avert a slow-motion train wreck that has played out over many years.
China takes over as new global leader
News, Jeffrey D Sachs, Published on 29/11/2014
» The biggest economic news of the year came almost without notice: China has overtaken the United States as the world's largest economy, according to the scorekeepers at the International Monetary Fund (IMF). And, while China's geopolitical status is rising rapidly, alongside its economic might, the US continues to squander its global leadership, owing to the unchecked greed of its political and economic elites and the self-made trap of perpetual war in the Middle East.
Putin’s perilous road leads to ruin
News, Jeffrey D Sachs, Published on 02/05/2014
» The dangers of the crisis in Ukraine cannot be exaggerated. Russian President Vladimir Putin is overtly and covertly inciting separatism in eastern Ukraine, and has declared Russia’s unilateral right to intervene there, in complete contravention of international law. Russia’s provocative policies are putting it on a collision course with the West.
In the sochi ERA, Russia thrives
News, Jeffrey D Sachs, Published on 23/02/2014
» The Winter Olympics in Sochi are the first to be hosted by Russia since the Cold War-era Moscow Summer Games in 1980. Obviously, much has changed politically in the interim. But today's Games create an opportune moment to look back at Russia's recent economic history _ and to peer forward.
Military must reinstate Morsi to ensure Egypt stability
News, Jeffrey D Sachs, Published on 17/07/2013
» Putting an end to Egypt's deepening polarisation and rising bloodshed requires one urgent first step: the reinstatement of Mohamed Morsi as Egypt's duly elected president. His removal by a military coup was unjustified. While it is true that millions of demonstrators opposed Mr Morsi's rule, even massive street protests do not constitute a valid case for a military coup in the name of the "people" when election results repeatedly say otherwise.
World suffering a sustainability crisis
News, Jeffrey D Sachs, Published on 26/04/2012
» The annual spring meetings of the International Monetary Fund and the World Bank have provided a window into two fundamental trends driving global politics and the world economy. Geopolitics is moving decisively away from a world dominated by Europe and the United States to one with many regional powers but no global leader. And a new era of economic instability is at hand, owing as much to physical limits to growth as to financial turmoil.