Yongheng Deng and Shang-Jin Wei: Measuring Corruption in China

with Carla Norrlöf, James K. Galbraith, Pinelopi Koujianou Goldberg, and more The Sunday Newsletter [View this message in a web browser]( [PS on Sunday]( SEPTEMBER 24, 2023 This week at [Project Syndicate]( Nouriel Roubini and Reza Bundy highlight the importance of developing new financial instruments to prevent catastrophic climate change; Carla Norrlöf explains that predictions about the US dollar’s demise fail to appreciate the forces behind its continued supremacy; Yongheng Deng and Shang-Jin Wei measure the prevalence of bribery among Chinese government officials; and more. Sustainability Now [What Climate Finance Needs]( [Nouriel Roubini]( and [Reza Bundy]( explain what it will take to channel private capital and savings toward sustainable development. Economics & Finance [The Dollar’s Full-Spectrum Dominance]( [Carla Norrlöf]( foresees the greenback’s continued global hegemony owing to network effects and opportunism. [PS. Watch our Climate Week NYC event now.]( Politics & World Affairs [Measuring Corruption in China]( [Yongheng Deng]( and [Shang-Jin Wei]( outline a novel approach to assessing the extent and scope of the country's graft problem. Politics & World Affairs [Protectionism Started the Geopolitical Fire]( [Pinelopi Koujianou Goldberg]( considers the role that tariffs have played in undermining global cooperation and driving conflict. [PS Longer Reads: Financing Our Survival]( [Financing Our Survival]( [Vera Songwe]( explains what it will take to mobilize capital for the net-zero transition worldwide. Economics & Finance [Down on the Biden Economy]( [James K. Galbraith]( thinks the failure of wages to keep up with inflation explains much of the public’s dour mood. Politics & World Affairs [The New World Disorder]( [Richard Haass]( highlights the growing threat to international stability and calls for effective cooperation. [PS Quarterly: Climate Systemic Risks Are Mounting]( [Climate Systemic Risks Are Mounting]( [Sheldon Whitehouse]( warns that the economic costs of global warming extend far beyond those associated with natural disasters. Economics & Finance [The Great Debt Conundrum]( [Anne O. Krueger]( highlights the urgent need to overhaul the restructuring process, especially for developing countries. Economics & Finance [A Tragedy Is Unfolding in the Poorest Countries]( [Indermit Gill]( and [M. Ayhan Kose]( warn that low-income countries’ mounting economic problems will have growing spillover effects. [From the Archive: Finding Growth in a Fractured World]( From the Archive [Finding Growth in a Fractured World]( [Mohamed A. El-Erian]( outlines several steps that governments could take to prevent stagnation and enhance their citizens’ well-being. Politics & World Affairs [Rule-Making in a Divided World]( [Ana Palacio]( views this month’s G20 summit as a harbinger of a more fractured international order. Politics & World Affairs [The Ideological Looking Glass]( [Jeffrey Frankel]( explains why we must recognize and address our collective tendency toward tribal or conspiratorial thinking. [PS. Subscribe to PS Premium to secure your copy of PS Quarterly: Stayin’ Alive.]( 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. Receipt of this newsletter does not guarantee rights to re-publish any of its content. This newsletter is a service of [project-syndicate.org](. © Project Syndicate, all rights reserved. [Unsubscribe from this list](