Kenneth Rogoff: Don't Count on a Soft Landing for the Global Economy

with Lucrezia Reichlin, Antara Haldar, Fawaz A. Gerges, and more The Sunday Newsletter [View this message in a web browser]( [PS on Sunday]( FEBRUARY 4, 2024 This week at [Project Syndicate]( Kenneth Rogoff warns that the risks to global growth are still tilted to the downside; Joseph S. Nye, Jr., sees a far bigger threat to US power than the rise of China; Lucrezia Reichlin calls for new thinking about inflation; and more. Economics & Finance [Don't Count on a Soft Landing for the Global Economy]( [Kenneth Rogoff]( explains why the celebratory mood of CEOs and political leaders is premature – and probably misplaced. Politics & World Affairs [American Greatness and Decline]( [Joseph S. Nye, Jr.]( warns that populist nationalism at home is by far the biggest threat to US power. [Default:]( Landmark Court Battle over Argentina's $100 Billion Debt Restructuring]( By Gregory Makoff Foreword by Lee C. Buchheit "Default gives readers a rare view into the economic, legal, political, and social challenges of resolving a sovereign default.” – Anoop Singh, former director, Western Hemisphere Department, International Monetary Fund "The fight between Argentina and its bondholders is one of the most significant episodes in the history of sovereign-debt litigation, and Gregory Makoff has written the definitive treatment." – W. Mark C. Weidemaier, University of North Carolina School of Law at Chapel Hill Sponsored by Georgetown University Press Economics & Finance [The Next Inflationary Surge]( [Lucrezia Reichlin]( believes that recent US and European data may hold useful lessons for responding to future price volatility. Economics & Finance [The Next Phase of Our Inflation Journey]( [Michael Spence]( sees flaws in projections that the US Federal Reserve will continue to cut interest rates beyond 2024. [PS Longer Reads: The Fog of War Crimes]( [The Fog of War Crimes]( [James A. Goldston]( shows why the accusation of double standards has accompanied international criminal justice since its birth. Politics & World Affairs [Why “the Rest” Are Rejecting the West]( [Fawaz A. Gerges]( argues that the war in Gaza has confirmed the Global South’s worst suspicions about America. Economics & Finance [Populism's Great Replacement of Economics]( [Antara Haldar]( urges policymakers to heed Karl Polanyi’s warning that the economy cannot be “disembedded” from society. [PS Big Question: What Will the Next Three Months Mean for Gaza and the Middle East?]( [What Will the Next Three Months Mean for Gaza and the Middle East?]( [Shlomo Ben-Ami]( [Charles A. Kupchan]( and [Mark Leonard]( predict the near-term course of the war and its regional impact. Culture & Society [Do Israelis and Palestinians Inhabit the Same World?]( [Anne-Marie Slaughter]( envisions a diplomatic approach that does not require each side to adopt the other's perspective. Innovation & Technology [Will 2024 Be the Year of Responsible AI?]( [Yolanda Botti-Lodovico]( and [Vilas Dhar]( highlight three encouraging trends that could change the industry and the world for the better. [PS Quarterly: The AI Question We Should Be Asking]( [The AI Question We Should Be Asking]( [Refik Anadol]( and [Karel Komárek]( consider the technology’s potential to enhance quintessentially human activities, from art to finance. Politics & World Affairs [Will 2024 Be the New 1933?]( [Mark Jones]( worries that, with fateful elections looming this year, the lessons of Hitler’s rise to power are being ignored. Economics & Finance [China’s Economic Prospects Are Brighter Than They Appear]( [Yu Yongding]( sees room for more infrastructure investment, the government’s most effective tool to offset weak demand. [PS. Sign up for PS newsletter to stay up to date on the most important global issues.]( 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](