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Ensuring a Stronger and Fairer Global Recovery

Although tough trade-offs are sometimes unavoidable, there is a way for policymakers to maintain a robust global economic recovery in 2021 and beyond while simultaneously pulling up disadvantaged countries, groups, and regions. But it will require both national and international policy adaptations. CAMBRIDGE – An old joke about tricky trade-offs asks you to imagine your worst enemy driving over a cliff in your brand-new car. Would...

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The Global Tremors of Myanmar’s Coup

Given Myanmar’s strategic location, violent turmoil there could destabilize the entire region. Already, the crisis caused by the military coup is shaking a key pillar of regional order, with the Association of Southeast Asian Nations split over how to respond. BANGKOK – Myanmar is leading Southeast Asia’s race to the political bottom. Since overthrowing a civilian government on February 1, the military has killed more than 530...

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Cleaning Up Europe’s Vaccine Mess

The success of the US government’s efforts to develop, produce, and distribute COVID-19 vaccines reflects several factors. If the European Union wants to reproduce a similar initiative in Europe, mobilizing sufficient financial resources will be a significant obstacle – though perhaps not the biggest one. BRUSSELS – COVID-19 has caused vast suffering across Europe, and the European Union’s slow vaccine rollout threatens to prolong...

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Climate Safety Nets for All

The droughts, floods, and severe weather that come with climate change will leave the world's poorest and most vulnerable even worse off, overwhelming today's system of humanitarian aid. Only by strengthening poor people's climate resilience can they meet the coming challenges. LONDON – As preparations for this year’s COP26 climate summit in Glasgow intensify, attention is focused on efforts to prevent a future catastrophe. But...

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The End of the Oil Age

For more than a century, the oil and gas industry has played a central role in almost every geopolitical development of consequence. Now that the fossil fuels' days finally seem to be numbered, it is time to consider not just what will come next, but also what it will take to get there.  Giuliano Garavini,The Rise and Fall of OPEC in the Twentieth Century, Oxford University Press, 2019.Bradley Hope and Justin Scheck, Blood and Oil:...

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Food, Not Steel, Is Our Biggest Climate Challenge

Since the Stern Review on the Economics of Climate Change, published in 2006, the estimated costs of achieving net-zero greenhouse-gas emissions from the world’s energy, building, industrial, and transport systems have plummeted. And in many sectors, such as road transport, consumers will pay less for going green. LONDON – Climate-policy discussions often focus on who will pay the cost of achieving a zero-carbon economy, with a...

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A Just Climate Transition for Africa

In 2021, developed countries must work with low-income, developing, and emerging economies to chart a path toward a low-carbon future – and clear barriers to progress. This means, first and foremost, delivering the funding they promised. ABUJA – From sweltering heatwaves to disrupted harvests, Nigerians are already feeling the effects of climate change, and the country’s fast-growing young population is working hard to develop...

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Changing the Face of Sino-American Relations

The US will never accept China’s violations of human rights and trade abuses in exchange for climate cooperation. But to ensure that this approach does not forestall much-needed cooperation, a broad dialogue, led by a different set of faces and fortified by deeper personal relationships, is essential. WASHINGTON, DC – The Sino-American relationship is at its lowest point in decades. Following the recent bilateral summit in Alaska –...

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Is the Asian Century Really Here?

Asia is already a major global power, and some regard the ongoing COVID-19 crisis as a tipping point that will accelerate the region’s resurgence. But the twenty-first century will really belong to Asia only if it can develop unified, collective leadership. SEOUL – The COVID-19 pandemic has not been the West’s finest hour. Most Western governments failed to contain the deadly outbreak and the resulting economic damage effectively....

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