Michael Spence: The Shape of Global Recovery

With Elizabeth Drew, Michael Spence, Robert Skidelsky, Jayati Ghosh, William A. Haseltine, Katharina Pistor, and more The Sunday Newsletter [View this message in a web browser]( [PS on Sunday]( MARCH 21, 2021 This week at [Project Syndicate]( Michael Spence offers a sanguine view of the global economic recovery; Jayati Ghosh warns that the opaque and manipulative practices of the Big Three credit-rating agencies could impede that recovery; Katharina Pistor highlights the risks of relying merely on disclosures and the price mechanism to deal with climate change; and more. Join the conversation. Economics & Finance [The Shape of Global Recovery]( [Michael Spence]( anticipates a rapid rebound across advanced economies in the second half of this year. Economics & Finance [Credit-Rating Agencies Could Derail Economic Recovery]( [Jayati Ghosh]( champions the creation of an independent public agency to counterbalance the Big Three private firms. [PS. Last chance to take 50% off a new subscription and receive a copy of The Year Ahead 2021.]( Economics & Finance [Green Markets Won’t Save Us]( [Katharina Pistor]( warns against placing our trust in a crisis-prone mechanism to address climate change. Politics & World Affairs [Can Biden Govern?]( [Elizabeth Drew]( says now that the US Senate has passed the COVID-19 rescue plan, the filibuster is set to become a political issue. [The Enduring Populist Threat]( On Point [The Enduring Populist Threat]( [Sergei Guriev]( and [Elias Papaioannou]( advise policymakers on how to prevent the COVID-19 shock from triggering another political tsunami. Economics & Finance [Sequencing the Post-COVID Recovery]( [Robert Skidelsky]( highlights the relevance of John Maynard Keynes’s critique of New Deal policy priorities. Health & Development [Can America Beat COVID-19?]( [William A. Haseltine]( warns that vaccination does not mitigate the need for testing, contact tracing, and mandatory quarantines. [Vaccine Strains]( The Big Picture [Vaccine Strains]( PS commentators examine the causes and likely consequences of the world’s uneven COVID-19 vaccination efforts. Economics & Finance [The Struggle for Technology Sovereignty in Europe]( [Hermann Hauser]( suggests how the UK and the EU can avoid becoming victims of American and Chinese digital dominance. Politics & World Affairs [Biden’s US-Saudi Recalibration]( [Bernard Haykel]( welcomes the president’s recognition of mutual strategic interests in the bilateral relationship. [Stopping the Next Pandemic]( Opinion Has It podcast [Stopping the Next Pandemic]( [Jennifer Nuzzo]( and host [Elmira Bayrasli]( consider how to prevent and prepare for the next big outbreak. Economics & Finance [The Post-Pandemic Labor Market’s Long-Term Scars]( [Laura Tyson]( and [Susan Lund]( warn that many of the lower-wage occupations displaced by lockdown restrictions are gone for good. Economics & Finance [Tackling the Global Learning Crisis]( [Pinelopi Koujianou Goldberg]( shows why improving educational outcomes in developing countries is more important than ever. [Was Killing Suleimani Justified?]( From the Archive [Was Killing Suleimani Justified?]( [Peter Singer]( argues that the 2020 assassination of Iran's top military commander was both illegal and unethical. [PS Events: Investing in Climate Action: The Make-or-Break Decade. Register now.]( Project Syndicate publishes and provides, on a not-for-profit basis, original commentary by the world's leading thinkers to more than 500 media outlets in over 150 countries. This newsletter is a service of [project-syndicate.org](. © Project Syndicate, all rights reserved. [Unsubscribe from this list](