Posted by: anotherworldip | 06/23/2013



Dear Project Syndicate reader,

This month, Project Syndicate released a Focal Point featuring a selection of Stephen Roach’s commentaries on China, and another on the challenges facing the Arab Spring countries. To keep up to date with all of our content, visit our Web site regularly and follow us on Facebook andTwitter.


Roach on China


Stephen S. Roach, former Chief Economist at Morgan Stanley Asia, is among the world’s most respected China analysts. In a new Focal Point,Project Syndicate presents a selection of commentaries in which Roach assesses how China can maintain rapid GDP growth and address its economic vulnerabilities. Commentaries include:

“Long Live China’s Slowdown”

“China’s Last Soft Landing?”

“America’s Renminbi Fixation”

“Why India is Riskier than China”

“Ten Reasons Why China is Different”

To read the full Focal Point, click here.


Revolutions on the Rocks


Two years after a wave of revolts roiled the Arab world, deposing leaders in Tunisia, Libya, and Egypt, many of their objectives remain unfulfilled – and, in some cases, are more distant than ever. In a new Focal PointProject Syndicatecontributors consider how the Arab Spring countries can achieve their goals and stabilize the region. Commentaries include:

Mohamed El-Erian on completing the Egyptian revolution

Nawaf Obaid on the weakening viability of Arab nation-states

Ishac Diwan and Hedi Larbi on tying Western financial aid to political transition

Joschka Fischer on the Arab revolutions’ dangerous turn

Abdeel Malik and Bassem Awadallah on an economic-growth pact for the Arab world

To read the full Focal Point, click here.


Recent Commentaries


The Trouble Within Islam

by Tony Blair

LONDON – There is only one view of the murder of the British soldier Lee Rigby on a south London street three weeks ago: horrific.

But there are two views of its significance. One is that it was an act by crazy people, motivated in this case by a perverted notion of Islam, but of no broader significance. Crazy people do crazy things, so don’t overreact. The other view is that the ideology that inspired the murder of Rigby is profoundly dangerous…read more.

Frankel, Jeffrey

All Quiet on the Currency Front

by Jeffrey Frankel

CAMBRIDGE – The term “currency wars” is a catchy way of saying “competitive devaluation.” In the wake of the sharp fall in the value of the yen over the last six months, owing to the monetary component of Japan’s efforts to jump-start its economy, the issue is expected to feature prominently on the agenda at the G-8’s upcoming summit in Northern Ireland. But should it?

According to the International Monetary Fund, competitive devaluation occurs when countries are “manipulating exchange rates…to gain an unfair competitive advantage over other members…” But a key point is often missed when the term “currency wars” has been applied to monetary expansion by the Federal Reserve, the Bank of Japan, and other central banks in recent years. The impact of monetary stimulus on a country’s trade balance – and hence on demand for trading partners’ goods – is ambiguous: the expenditure-switching effect when the exchange rate responds is counteracted by the expenditure-increasing effect of expansion. Restored income growth means more imports from other countries…read more.


Other Commentaries


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