With elevated global inflation likely to persist for some time, the prospect of competitive exchange-rate appreciations is looming larger. Instead of a race to the bottom in the currency market, there may be a scramble to the top – and poorer countries will likely suffer the most.
warns that a series of competitive exchange-rate appreciations would hurt poorer economies the most.
Neither the invasion of Ukraine nor the deepening cold war between the West and China came out of the blue. The world has been increasingly engaged over the past half-decade, or longer, in a struggle between two diametrically opposed systems of governance: open society and closed society.
frames the war in Ukraine as the latest battle for open-society ideals – one that implicates China as well.
Shlomo Ben-Ami
highlights the lessons countries like China and Iran are drawing from Vladimir Putin’s aggression, offers advice to Ukrainian peace negotiators, and considers the wisdom of Finland and Sweden's NATO membership.
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卢森堡 —世界必须改变应对气候危机的方式。目前的做法过于缓慢,有可能达不到我们限制全球变暖和减轻其影响的目标。而且,人们不再满足于政治宣言,而是要求采取行动。
欧洲投资银行的年度气候调查证实了这种普遍的不安。约75%的欧盟公民、69%的英国人和59%的美国人表示,他们比政府更关心气候紧急情况。大约一半的受访者表示,解决气候危机的困难主要是由于政府的不作为。
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