February 26th, 2019

How to Avoid a War in Venezuela

Feb 26, 2019 JEFFREY D. SACHS , FRANCISCO RODRÍGUEZ When the United States chose to recognize Juan Guaidó as Venezuela’s president – along with a group of Latin American countries – and ban oil trade with the Maduro government, it was betting that the pressure would be sufficient to topple the regime quickly. So, now what? NEW YORK [...]

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American policy towards China is now up for grabs, with hardliners and soft-liners battling for the upper hand. The hardliners view China as an existential threat to American security and interests. The soft-liners regard China as a powerful counterpart, on occasion friend, competitor, or adversary, but not an existential threat. In my view, the of- [...]

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(CNN) There are three main ideas of the Green New Deal Resolution introduced by Congresswoman Alexandria Ocasio-Cortez and Senator Ed Markey. The first is to decarbonize the US energy system — that is, to end the emissions of carbon dioxide (CO2) from burning coal, oil and natural gas, in order to stop global warming. The second is to [...]

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Around the world, companies are being called upon to align their business practices with the Sustainable Development Goals (SDGs). These calls are coming from many places: outside investors such as pension funds, active shareholders within companies, consumers, suppliers, and other stakeholders in society. There is still no single agreed set of standards to assess whether [...]

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The risk of a winner-takes-all approach in the country’s political crisis is extraordinary. It’s time to seek a negotiated transition. By Francisco Rodríguez and Jeffrey D. Sachs Over the past two weeks, the United States, with the support of several countries in Latin America, has recognized the government of Juan Guaidó, the president of Venezuela’s National Assembly, and [...]

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John W McArthur Jeffrey D Sachs The World Bank Economic Review, Volume 33, Issue 1, February 2019, Pages 1–20, https://doi.org/10.1093/wber/lhx029 How can foreign aid to agriculture support economic growth in Africa? This paper constructs a geographically indexed applied general equilibrium model that considers pathways through which aid might affect growth and structural transformation of labor markets in [...]

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The state of the world is paradoxical. The good news is that the world income in 2018 was around $135 trillion according to the International Monetary Fund, measuring world output at “international prices.” That was an average of roughly $17,500 for each of the 7.7 billion men, women, and children on this planet. That sum [...]

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(CNN) Events in Venezuela may be heading toward a catastrophic conflict. Venezuelan society is deeply divided between President Nicolas Maduro and his supporters, backed by the military, versus an opposition led by self-declared president, Juan Guaido, leader of the National Assembly. According to a report in The Wall Street Journal, which cited a senior administration official, the US [...]

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Many Democrats have been confused by President Trump’s announced withdrawal of troops from Syria, and some have called the withdrawal a mistake. Yet Trump’s announcement is not wrong, just incomplete. It is time to leave Syria, but also time to ramp up U.S. diplomacy, both directly with the region’s governments and through the United Nations. Unfortunately, this week, some [...]

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Generals fight the last war, and Washington’s economic war on China is straight from America’s tactics against the Soviet Union and its skirmishes with Japan in the 1980s. Yet China is neither the Soviet Union nor Japan. The US’s aggressive trade actions towards Beijing, unless suspended in the near future, will damage the world economy [...]

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