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Drug War at 50 Erik McGregor/LightRocket via Getty Images

America’s Longest War

Featured in this Big Picture
  1. Helen ClarkHelen Clark,
  2. Olusegun ObasanjoOlusegun Obasanjo,
  3. Ricardo LagosRicardo Lagos,
  4. César GaviriaCésar Gaviria,
  5. Abdul Tejan-ColeAbdul Tejan-Cole,
  6. Nana AfadzinuNana Afadzinu,
  7. Tlaleng MofokengTlaleng Mofokeng,
  8. Patsilí ToledoPatsilí Toledo

Fifty years after US President Richard Nixon declared a “war on drugs,” America’s strategy of repression has succeeded only in increasing violent crime, corruption, preventable disease, and incarceration. But what should replace this tried-and-failed prohibitionist approach if President Joe Biden’s administration decides to abandon it?

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  1. China old people Sheldon Cooper/SOPA Images/LightRocket via Getty Images

    China’s Population Bust

    Featured in this Big Picture
    1. Zhang Jun,
    2. Shang-Jin Wei,
    3. Nancy Qian,
    4. Adair Turner,
    5. Frank Götmark,
    6. Robin Maynard

    Recently published census data showing that the world’s most populous country is aging rapidly and becoming less fertile have alarmed the government. But further relaxing China’s family-planning policy may not have the desired effect, and could even prove counterproductive.

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  2. Biden Europe Tour Olivier Douliery/AFP via Getty Images

    Biden’s Grand Tour

    Featured in this Big Picture
    1. Melvyn B. Krauss,
    2. Charles A. Kupchan,
    3. Ana Palacio,
    4. Simone Tagliapietra,
    5. Joseph S. Nye, Jr.,
    6. Anne O. Krueger,
    7. Joschka Fischer

    His first visit to Europe since taking office gives US President Joe Biden an opportunity to exorcise the toxic legacy of Donald Trump’s America First nationalism and isolationism. But will he succeed in promoting multilateral cooperation on global challenges while also forging a robust Western stance toward China?

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  3. rio jab Mario Tama/Getty Images

    Speed the Jab

    Featured in this Big Picture
    1. Joseph E. Stiglitz,
    2. Lori Wallach,
    3. Jayati Ghosh,
    4. Pinelopi Koujianou Goldberg,
    5. Michele Goodwin,
    6. Gregory Shaffer,
    7. Michael Spence,
    8. Heidi J. Larson

    Even as many rich countries free themselves from the pandemic’s grip, COVID-19 cases and deaths are surging in several regions, enabling dangerous new variants to emerge. Only universal immunization can end the cycle of misery – but achieving it will require more than a temporary waiver of vaccine manufacturers’ intellectual-property rights.

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  4. BP Gaza explosion Yousef Masoud/SOPA Images/LightRocket via Getty Images

    Gaza’s Forever War

    Featured in this Big Picture
    1. Shlomo Ben-Ami,
    2. Fawaz A. Gerges,
    3. Peter Singer,
    4. Carl Bildt,
    5. Kevin Watkins

    Despite a fragile cease-fire, the latest violent eruption of the Israeli-Palestinian conflict has had predictably disastrous consequences for the enclave’s already desperate civilians, and has stoked extremism in Israel itself. For Israelis who assumed that Palestinian nationalism had been defeated, the explosion of tensions with the Jewish State’s Arab citizens augurs an unwelcome reckoning.

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  5. informal construction Simon Maina/AFP via Getty Images

    The Future of Informality

    Featured in this Big Picture
    1. Marty Chen,
    2. Alice Saisha,
    3. Anuj Tanna,
    4. Jayati Ghosh,
    5. Pranab Bardhan

    Informal workers comprise about 60% of the global labor force – and a much larger share in emerging and developing economies. Many of them have made essential contributions during the pandemic, but that is no guarantee of improved rights, benefits, and working conditions once the crisis is over.

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  6. ECB Rubicon Yann Schreiber/AFP via Getty Images

    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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  7. 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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  8. IRS building Pgiam/Getty Images

    The Great American Tax Gambit

    Featured in this Big Picture
    1. Daron Acemoglu,
    2. José Antonio Ocampo,
    3. Joseph E. Stiglitz,
    4. Jayati Ghosh,
    5. Alan J. Auerbach,
    6. Nouriel Roubini,
    7. Michael Heise

    To help finance its massive post-pandemic infrastructure investment package, US President Joe Biden’s administration plans to increase corporate taxes and reduce the scope for profit-shifting by US-based multinationals. Although the proposed tax changes are likely to face opposition from congressional Republicans and big business, are any of the alternatives better?

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  9. myanmar explosion Stringer/Anadolu Agency via Getty Images

    Myanmar Explodes

    Featured in this Big Picture
    1. Achim Steiner,
    2. Shashi Tharoor,
    3. Brahma Chellaney,
    4. Thitinan Pongsudhirak,
    5. Lee Jong-Wha,
    6. Yuriko Koike

    After a gradual decade-long democratization process, Myanmar’s military seized power again in February and is waging a ruthless crackdown against unarmed civilian protesters. A major escalation of the ongoing turmoil – civil war is a growing possibility – would have implications far beyond the country’s borders.

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  10. light bulb economics phototechno/Getty Images

    Economics Must Build Back Better, Too

    Featured in this Big Picture
    1. Dani Rodrik,
    2. Arvind Subramanian,
    3. Devesh Kapur,
    4. Lisa D. Cook,
    5. Elmira Bayrasli,
    6. Ricardo Hausmann,
    7. Roman Frydman,
    8. Michael D. Goldberg,
    9. Diane Coyle

    As the world strives to recover from the COVID-19 pandemic, economists’ efforts to devise strategies to generate inclusive and sustainable prosperity have taken on greater urgency. But those efforts will not succeed unless the profession itself becomes more inclusive – in terms of gender, ethnicity, national origin, and the intellectual assumptions and methods it employs.

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  11. recovery mission ST.art/Getty Images

    Mission: Recovery

    Featured in this Big Picture
    1. Michael Spence,
    2. Joseph E. Stiglitz,
    3. Jayati Ghosh,
    4. William R. Rhodes,
    5. Stuart P.M. Mackintosh,
    6. Mohamed A. El-Erian,
    7. Mariana Mazzucato,
    8. Laurie Macfarlane,
    9. George Dibb

    Many fear that sharp differences in the speed of vaccine rollouts and the scale of stimulus measures will result in a K-shaped global economic recovery, with much of the developed world booming while poorer countries continue to struggle. But if policymakers are not careful, advanced economies also could experience highly uneven post-pandemic growth.

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  1. op_burleigh2_LeemageCorbis via Getty Images_caesarassassination Leemage/Corbis via Getty Images

    Killer Politics

    Michael Burleigh

    The sheer volume of TV series and films about assassins speaks to our morbid fascination with this dark side of politics and political history. But the fact that real-world political killings are increasingly going unpunished should prompt us to do some soul searching.

    considers the history of assassination, its abiding place in popular culture, and its comeback as a tactic.
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  2. hclark13_ Erik McGregorLightRocket via Getty Images_war on drugs Erik McGregor/LightRocket via Getty Images

    A Half-Century of Endless Drug War

    Helen Clark, et al.

    With his evidence-based, public-health approach to drug policy, US President Joe Biden is signaling that America’s longstanding strategies of repression and punishment have failed. The US should also champion a similar shift toward harm-reduction policies internationally.

    welcome the Biden administration’s emphasis on harm reduction rather than repression and punishment.
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  3. Drug War at 50 Erik McGregor/LightRocket via Getty Images

    America’s Longest War

    Fifty years after US President Richard Nixon declared a “war on drugs,” America’s strategy of repression has succeeded only in increasing violent crime, corruption, preventable disease, and incarceration. But what should replace this tried-and-failed prohibitionist approach if President Joe Biden’s administration decides to abandon it?

    1

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