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  1. mazzucato27_JAN KARE NESSAFP via Getty Images_norway JAN KARE NESS/AFP via Getty Images

    Waking the Norwegian Green Giant

    Mariana Mazzucato & Rainer Kattel

    As one of the world's leading exporters of natural gas, Norway faces a unique challenge in a world that is increasingly moving away from fossil fuels. The country has all the financial, technological, and human resources it needs to thrive in a decarbonized future; what's missing is policy leadership.

    explain how the country can use its oil wealth to lead, rather than undermine, the clean-energy transition.
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    Will the Productivity Revolution Be Postponed?

    Barry Eichengreen

    US President Joe Biden clearly has bet on faster productivity growth to pay for his $4.1 trillion American Jobs Plan and American Families Plan. But history suggests that any acceleration of productivity growth is likely to be delayed – perhaps by decades.

    draws a parallel between the present and the decades preceding and following the 1918-20 influenza pandemic.
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Will Corporate Greed Prolong the Pandemic?

Joseph E. Stiglitz & Lori Wallach

The US will no longer stand in the way of an international waiver that would allow the production of generic COVID-19 vaccines, but the fight isn't over. And the longer the pharmaceutical industry resists sharing knowledge and technology, the greater the risk posed by the emergence of new vaccine-resistant variants.

dismantle Big Pharma's arguments against waiving intellectual property rights to boost global vaccine production.
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Crossing the Rubicon of Price Stability

Featured in this Big Picture
  1. Daniel Gros,
  2. Barry Eichengreen,
  3. Isabelle Mateos y Lago,
  4. Megan Greene,
  5. Jean Pisani-Ferry,
  6. Anita Bhatia

With inflation subdued for now, central banks are increasingly responding to public pressure to address inequality and climate change. But by venturing into new policy terrain and exposing themselves to accusations of mission creep, they may be jeopardizing their operational independence.

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Dhaka test Rehman Asad/NurPhoto via Getty Images

The Recovery of Women

Featured in this Big Picture
  1. María Fernanda Espinosa,
  2. Helen Clark,
  3. Pinelopi Koujianou Goldberg,
  4. Parimita Mohanty,
  5. Annette Wallgren,
  6. Palesa Libe

Among its many harmful effects, the COVID-19 pandemic has exacerbated long-standing gender inequalities. If leaders are serious about “building back better” and promoting inclusive economies and societies, they must take concrete steps to empower women at home, at work, and in policymaking.

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Opinion that Moves

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The African Century

Africa’s economic rise is a world-changing development, but the sources of its emerging strength – and lingering weaknesses – are little understood. W…

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Press Released

Today’s media landscape is littered with landmines: open hostility from illiberal and autocratic regimes, mounting censorship in countries such as Hungary, Turkey,…

covid_19_GettyImages_1209209421 Chung Sung-Jun/Getty Images

The COVID-19 Crisis

As the COVID-19 crisis escalates, PS commentators assess its implications for the economy, propose policy responses, and consider what might – and sho…