Brahma Chellaney: The Clash of Asia’s Titans

with Joseph E. Stiglitz, Mariana Mazzucato, Jim O'Neill, Antara Haldar, Zhang Jun, and more The Sunday Newsletter [View this message in a web browser]( [PS on Sunday]( MAY 22, 2022 This week at [Project Syndicate]( Michael R. Strain considers whether US inflation will lead to recession; Brahma Chellaney accuses China of carrying out a shrewder, broader, and slower version of Russia’s conventional war on Ukraine; Angela Huyue Zhang assesses China’s newest plan for asserting control over tech firms; and more. Economics & Finance [Will US Inflation Lead to Recession?]( [Michael R. Strain]( urges the Federal Reserve to keep its options open as it tries to restore price stability. Politics & World Affairs [The Clash of Asia’s Titans]( [Brahma Chellaney]( explains why China will pay a high price for making an enemy of India. [Growth for Good by Alessio Terzi]( [Growth for Good]( Reshaping Capitalism to Save Humanity from Climate Catastrophe By Alessio Terzi From the front lines of economics and policymaking, Growth for Good, by Alessio Terzi, makes the compelling case that economic growth is a force for good and sets out a blueprint for enlisting it in the fight against climate change. Paolo Gentiloni, European Commissioner for Economy and former Prime Minister of Italy, calls Growth for Good, “a must-read for policymakers, and anyone interested in fighting climate change.” Politics & World Affairs [China’s Golden Tech Grab]( [Angela Huyue Zhang]( argues that giving the state a stake in firms will do little to protect them from ham-fisted regulations. Economics & Finance [The IMF Is Still Behind the Times on Capital Controls]( [Joseph E. Stiglitz]( and [Jonathan D. Ostry]( thinks the Fund’s revised policy framework is better than the previous one, but still flawed. [The Lose-Lose Tech War]( On Point [The Lose-Lose Tech War]( [Kishore Mahbubani]( and [Tony Chan]( worry that politics is getting in the way of the cooperation needed to advance science and tackle global problems. Smart Development [A New Model for African Health]( [Mariana Mazzucato]( and [Vera Songwe]( propose a new holistic approach to designing policies, directing innovation, and investing in people. Politics & World Affairs [The Imperfect Shape of Peace in Ukraine]( [Shlomo Ben-Ami]( says the best hope of ending the war is a mutually unsatisfactory, but ultimately tolerable, agreement. [What’s the Endgame in Ukraine?]( The Big Question [What’s the Endgame in Ukraine?]( [Anders Åslund]( [Pascal Boniface]( [Anastasia Edel]( and [Charles Tannock]( assess what outcome the West, Russia, and Ukrainians themselves can realistically expect. Economics & Finance [Another Global Recession?]( [Jim O'Neill]( expects a downturn, but notes that it could be mitigated by policy shifts in key economies. Economics & Finance [Have We Reached the Limits to Growth?]( [Michael Jacobs]( and [Xhulia Likaj]( explains why, on its 50th anniversary, the Club of Rome’s landmark report is more relevant than ever. [The Forgotten Origins of Silicon Valley]( From the On Point Archive [The Forgotten Origins of Silicon Valley]( [William H. Janeway]( shows how the venture capital industry has always piggybacked on US government investment. Culture & Society [Losing Rights in America]( [Antara Haldar]( sees the conservative Supreme Court majority setting the stage for a sweeping reversal of generations of gains. Politics & World Affairs [What Justifies China’s Zero-COVID Policy?]( [Zhang Jun]( defends the goals and principles underpinning a strategy that has led to a six-week lockdown in Shanghai. [Subscribe to PS today for the latest on politics and more.]( 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](