Nouriel Roubini: The Economic Consequences of the Gaza War

with Melissa Parke, Céline Bessière, Brahma Chellaney, and more The Sunday Newsletter [View this message in a web browser]( [PS on Sunday]( NOVEMBER 12, 2023 This week at [Project Syndicate]( Nouriel Roubini warns that markets are assigning far too low a probability to worst-case scenarios in the Middle East; Daron Acemoglu and Simon Johnson criticize American leaders' failure to consider why China exhibits the strengths that it does; Melissa Parke shows how artificial intelligence can make nuclear war more likely; and more. Economics & Finance [The Economic Consequences of the Gaza War]( [Nouriel Roubini]( outlines four scenarios for how the conflict could play out and affect markets and the global economy. Economics & Finance [America’s Real China Problem]( [Daron Acemoglu]( and [Simon Johnson]( shine a light on the institutions underpinning US rivals’ apparent strengths and comparative advantages. [The Oligarchs’ Grip: Fusing Wealth and Power]( Sponsored by De Gruyter [The Oligarchs’ Grip: Fusing Wealth and Power]( By David Lingelbach and Valentina Rodríguez Guerra “The book argues oligarchs are opportunists. They seize their big chance during times of turmoil.” – Financial Times Innovation & Technology [Preventing AI Nuclear Armageddon]( [Melissa Parke]( warns that applying artificial intelligence to weapons systems compounds an already unacceptable risk. Economics & Finance [Doing Economic Nationalism the Right Way]( [Dani Rodrik]( touts East Asian developmentalism as an enduring model for shaping domestic strategies. [PS Longer Reads: The Hidden Gender Wealth Gap]( [The Hidden Gender Wealth Gap]( [Céline Bessière]( and [Sibylle Gollac]( document an underappreciated form of inequality that threatens to set women back once again. Politics & World Affairs [Preparing for a Russian Nuclear Meltdown]( [Bennett Ramberg]( urges American policymakers to start planning for scenarios in which Vladimir Putin’s regime collapses. Economics & Finance [An Industrial Strategy for Europe]( [Daniel Gros]( explains why the EU needs to look beyond direct subsidies to boost the continent’s tech sector. [PS Big Question: Will the Israel-Hamas War Spread?]( [Will the Israel-Hamas War Spread?]( [Comfort Ero]( [Negar Mortazavi]( [Djavad Salehi-Isfahani]( and [Sinan Ülgen]( assess the likely behavior of regional powers such as Saudi Arabia, Iran, and Turkey. Politics & World Affairs [The Wars of the New World Order]( [Brahma Chellaney]( examines the forces and trends that are driving a global geopolitical reckoning. Economics & Finance [Certain Uncertainty in the US Bond Market]( [Barry Eichengreen]( thinks that investors who are piling back into US Treasuries could be in for a rude awakening. [PS Say More: Jayati Ghosh on greedflation, debt, corporate taxation, and more]( [Jayati Ghosh on greedflation, debt, corporate taxation, and more]( [Jayati Ghosh]( argues that advanced-economy rate hikes were unnecessary and damaging, proposes ways to reduce the power of agribusiness, and more. Innovation & Technology [The Attention Economy Goes to Court]( [J. Bradford DeLong]( examines the arguments being put to the test in the antitrust case against Google. Politics & World Affairs [How Poland Won Back Its Democracy]( [Maciej Kisilowski]( highlights five critical factors that propelled the country’s anti-populist opposition to victory. [PS. Explore the latest issue of our magazine, 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](