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Globalization

Commentary

Why the American Middle Class Is Dying

A skills gap is combining with more international competition for services to shrink the middle class and stall wage growth.

The Silliness of "China in Africa"

African states aren't passively surrendering to Chinese dominance.

Can TTIP Save the West?

The landmark free-trade deal could see the U.S. and Europe gain new power and the BRICS fade faster. But first it has to pass.

Essays

U.S. Debt Culture and the Dollar's Fate

If the United States cannot get its fiscal house in order, the dollar’s privileged position as the world’s reserve currency may be at risk—at a time when there seem to be few if any plausible alternatives.

Mr. Bernanke Goes to War

Finance ministers around the world are up in arms over the Fed's latest efforts to jump-start the anemic U.S. economy. The future of globalization hangs in the balance.

Grassroots Economics

The IMF has become little more than an abettor of bad policymaking. To avoid the next meltdown, the IMF must become a global advocacy group. Diplospeak is out; punchy prose and clear policy recommendations are in.

The Color of China

Minxin Pei warns that China's rise may be in its last stages, but Jonathan Anderson says China's GDP juggernaut will continue going strong.

A User's Guide to the Century

Jeffrey Sachs explains why the new world order of the twenty-first century is crisis-prone.

Comments and Responses

Blogs

Death of a Davos Man

The life of Marc Rich showed that we cannot escape our nationality.

Why Germany Might Offer Snowden Asylum

The German public is furious about alleged U.S. snooping.

Books & Reviews

The Priesthood of Central Bankers

Central bankers have amassed unprecedented power, and yet lack serious political counterweights.

First Bank of the Living Dead

As the Great Recession gnaws at our very belief in the ability of capitalism to raise us to ever-escalating levels of wealth and prosperity, Keynes's no-longer-viable financial prescriptions are being resurrected.

On Morals & Tigers

The Obama administration has finally decided to do something about climate change. Yet the assumptions of environmental policy are informed by a flawed morality that has all the religious hallmarks of sin and guilt.

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April 19, 2014