Showing 1 - 10 of 38
2026 outlook calls for recalibration
News, Mohamed A El-Erian, Published on 17/01/2026
» For global markets, 2025 was defined as much by what did not happen as by what did. The year offered a masterclass in the power of a single narrative, with massive, concentrated bets on AI masking various other unanswered questions. Yet as we move further into 2026, the AI narrative is unlikely to prove strong enough to continue overshadowing other lingering uncertainties, many of which reflect deeper structural shifts. For investors, central banks, and governments alike, the situation demands adaptation.
Polycrisis merits renewed ethos
Oped, Edgar Morin & Claudio Pedretti, Published on 24/09/2025
» In 1999, one of us (Morin) introduced the term "polycrisis" to describe the web of interconnected catastrophes threatening our world. At the time, the concept was meant to serve as a warning, but it has since become our reality. We are facing a confluence of escalating ecological, political, economic, technological, and existential crises, each of which is reinforcing the others.
Stepping up the poverty fight
News, Akinwumi A Adesina & Ilan Goldfajn, Published on 15/09/2025
» Faced with a slowing global economy and rising debts, many developing-country governments may be tempted to scale back anti-poverty programmes. That would be a grave mistake. Combating poverty is not just a moral imperative; it is also crucial for economic stability, conflict prevention, and long-term development.
Rethinking development in an era of upheaval
News, Mohamed A El-Erian, Published on 14/08/2025
» For many developing countries, the global economic landscape has shifted dramatically in recent years. Lower growth, disrupted supply chains, reduced aid flows, and heightened financial-market volatility represent significant headwinds. Underpinning these changes is a fundamental restructuring, driven by the developed world, of the postwar economic and financial order. Against this background, a handful of factors are becoming critically important for the current and future well-being of developing countries -- and for the fate of multilateral institutions.
Where is US economic policy taking us this time?
Oped, Mohamed A. El-Erian, Published on 29/05/2025
» Although this year is not even half over, it is already likely to feature in history books as one of extreme policy-induced volatility -- not only in financial markets but also in terms of economic narratives and international relations. But where it will lead remains to be seen. Are we witnessing the fragmenting of the US domestic and international order, or just a bumpy ride towards a beneficial rewiring of both?
Empowering middle-income states
News, Enrique A. Manalo Secretary for Foreign Affairs, Published on 28/04/2025
» Spanning across all regions of the world -- from Latin America to Africa, from Eastern Europe to Southeast Asia and the Pacific -- middle-income countries (MICs) constitute over 100 countries, hosting 75% of the world's population and producing 35% of global GDP. Many MICs are in Asia.
Agent of insurrection Trump's 'Cultural Revolution'
Oped, Orville Schell, Published on 21/02/2025
» When US President Donald Trump's factotum, JD Vance, held forth on Europe's "threat from within" at the recent Munich Security Conference, his audience was left struggling to make sense of America's confounding new approach to foreign policy. Chinese President Xi Jinping, for his part, has been relatively silent since Mr Trump's return to the White House -- but that doesn't mean he is any less vexed by what it portends. Nor could he have been reassured by Mr Trump's brazen response to a question last October about what he would do if Mr Xi blockaded Taiwan: "Xi knows I'm f***ing crazy!"
Supporting Ukraine is in Donald Trump's interest
Oped, Michael Froman & Charles A Kupchan, Published on 02/01/2025
» Even before taking office, Donald Trump has launched a diplomatic effort to end Russia's war against Ukraine, calling for an "immediate ceasefire" after meeting Ukrainian President Volodymyr Zelensky in Paris in early December.
A baseline scenario for the global economy
Oped, Mohamed A El-Erian, Published on 28/12/2024
» It is something of a tradition every December to take stock of the year that is ending and consider what might lie ahead. This is true on a personal level: in my family, we tend to do this around the dinner table. But it is also true more broadly, with the time of year inviting an examination of the intersection of economics, national politics, and global geopolitics.
No more bailouts
Oped, Postbag, Published on 14/12/2024
» Re: "Thailand's shrimp industry battered by disease, low prices", (Business, Dec 12).