The US Is Exporting Obesity
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warns that pushing processed foods and sedentary lifestyles on the world is jeopardizing global health gains.
Kenneth Rogoff, Professor of Economics and Public Policy at Harvard University and recipient of the 2011 Deutsche Bank Prize in Financial Economics, was the chief economist of the International Monetary Fund from 2001 to 2003. The co-author of This Time is Different: Eight Centuries of Financial Folly, his new book, The Curse of Cash, was released in August 2016.
warns that pushing processed foods and sedentary lifestyles on the world is jeopardizing global health gains.
calls Jerome Powell a “sane and sober choice” to succeed Janet Yellen as Fed Chair.
anticipates a long-term collapse in the price of Bitcoin, but a bright future for the underlying technology.
questions whether hitting the US president’s GDP target would be worth the cost for most Americans.
emphasizes the increasing trade permeation of even service-sector employment.
For four decades, China has achieved unprecedented economic growth under a centralized, authoritarian political system, far outpacing growth in the Western liberal democracies. So, is Chinese President Xi Jinping right to double down on authoritarianism, and is the “China model” truly a viable rival to Western-style democratic capitalism?
Many leading Republicans who stand by Donald Trump, and even the multi-billionaires who fund them, may have misgivings about the US president, just as the industrialists of Germany's Herrenklub probably once despised Hitler. But with few exceptions, they continue to support him – and for similar reasons.
There is no denying that flexible exchange rates provide valuable monetary-policy independence. But, in a dollar-dominated global trade environment, the ability of a floating currency regime to support full employment is severely limited.
The risk of a US military confrontation with North Korea, coupled with President Donald Trump’s increasingly peculiar behavior, has put official Washington on edge. To put it bluntly: the worry is that a mentally deranged president might lead the US into a nuclear war.
With the United Kingdom's withdrawal from the European Union looming on the horizon, party politics has become increasingly dysfunctional and divisive. But while Brexit will be bad for the EU, and even more so for the UK, it could also serve as a cautionary tale for other countries in need of a domestic political realignment.
With the age of Western global dominance coming to an end, it is China’s time to shine.
The potential is certainly there, but to realize it, President Xi Jinping will have to confront serious challenges, from domestic supply-side reforms to expanding international responsibilities.
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According to conventional wisdom, the biggest threat to the European project is "illiberal" saboteurs on the periphery of the European Union who have decided not to play by the rules. But what this narrative misses is the even deeper divide within EU member states, including bastions of liberalism such as France and Germany.
Africa faces a broad range of development challenges, and overcoming them will require huge sums of foreign aid and investment. But as Africa develops, its people will also need partners who recognize that there are mutual benefits to engaging with the continent’s mobile and highly-educated base of human capital.