The Risky Geography of the Cloud Soňa Muzikárová considers the implications of recent Iranian strikes on Gulf-based data centers and cloud computing hubs.

Soňa Muzikárová considers the implications of recent Iranian strikes on Gulf-based data centers and cloud computing hubs.

The West Is Still Getting Russia Wrong Inna Bondarenko & Daniel Sleat shed light on a strategy that is designed to disrupt, not transform, the international order.

Inna Bondarenko & Daniel Sleat shed light on a strategy that is designed to disrupt, not transform, the international order.

@elerianm.bsky.social argues that in a world of frequent and violent shocks, the first step is to stop yearning for the past.
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The Global AI Threat Has Arrived S. Alex Yang & Angela Huyue Zhang warn that Anthropic’s Mythos model will make every country more vulnerable to economic disruption.

S. Alex Yang & Angela Huyue Zhang warn that Anthropic’s Mythos model will make every country more vulnerable to economic disruption.

The Geopolitics of Infrastructure Bertrand Badré & Saurabh Mishra see the financing, construction, and control of strategic assets as a growing source of global power.

Bertrand Badré & Saurabh Mishra see the financing, construction, and control of strategic assets as a growing source of global power.

Hormuz Today, Taiwan Tomorrow Todd G. Buchholz calls on the Trump administration to reopen the Strait by force, or else risk China attacking its neighbor.

Todd G. Buchholz calls on the Trump administration to reopen the Strait by force, or else risk China attacking its neighbor.

What Really Drives China’s Massive Trade Surplus Shang-Jin Wei cites the country’s high savings rate as one of the main factors behind its external imbalance.

Shang-Jin Wei cites the country’s high savings rate as one of the main factors behind its external imbalance.

The World Needs an Oil Buyers’ Club Isabella M. Weber & Gregor Semieniuk propose a framework to limit inflationary and recessionary pressures amid an intensifying global energy crisis.

Isabella M. Weber & Gregor Semieniuk propose a framework to limit inflationary and recessionary pressures amid an intensifying global energy crisis.

Fossil-Fuel Investments Are a Fiduciary Risk Nicole Martens thinks African portfolio managers can no longer justify long-term bets on volatile oil and gas markets.

Fossil-Fuel Investments Are a Fiduciary Risk

Europe’s Digital Decade Is in Disarray Laura Mahrenbach & Maximilian Mayer show that a central component of the European Union’s economic agenda is in need of a comprehensive overhaul.

Laura Mahrenbach & Maximilian Mayer show that a central component of the European Union’s economic agenda is in need of a comprehensive overhaul.

.@elerianm.bsky.social considers how to deliver economic growth and security in a world of increasingly frequent and violent shocks.
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The Origins and Fate of Digital Sovereignty Robin Rivaton explains why, contrary to economic orthodoxy, open markets consistently fail to produce homegrown tech giants.

Robin Rivaton explains why, contrary to economic orthodoxy, open markets consistently fail to produce homegrown tech giants.

How to Future-Proof the Global Economy Mohamed A. El-Erian argues that in a world of frequent and violent shocks, the first step is to stop yearning for the past.

Mohamed A. El-Erian argues that in a world of frequent and violent shocks, the first step is to stop yearning for the past.

Is the Iran War America’s Suez or Its Gallipoli? Yanis Varoufakis argues that the United States is in a better position than Britain was in 1956, but not than it was in 1915.

Yanis Varoufakis argues that the United States is in a better position than Britain was in 1956, but not than it was in 1915.

How Strategic Investment Is Redefining Economic Statecraft Lars Frølund & Fiona Murray highlight the potential of public financing to steer innovation and strengthen geopolitical alliances.

Lars Frølund & Fiona Murray highlight the potential of public financing to steer innovation and strengthen geopolitical alliances.

The Next UN Secretary-General Must Be a Woman Vaira Vīķe-Freiberga, Benita Ferrero-Waldner and Eka Tkeshelashvili explain how a female leader would bolster the organization’s legitimacy and signal a capacity for reform.

Vaira Vīķe-Freiberga, Benita Ferrero-Waldner and Eka Tkeshelashvili explain how a female leader would bolster the organization’s legitimacy and signal a capacity for reform.

Putting Africa’s Savings to Work Gomez Agou argues that the continent’s problem is not a shortage of resources but a lack of investment platforms.

Gomez Agou argues that the continent’s problem is not a shortage of resources but a lack of investment platforms.

Russians Go Home Stephen Holmes points out that the process of democratic renewal in Hungary has only just begun.

Russians Go Home by Stephen Holmes @projectsyndicate.bsky.social prosyn.org/VlffZup?refe...

The Great Hungarian Reset Piroska Nagy Mohácsi thinks Hungary's incoming prime minister will have to address the fragile macroeconomic situation head-on.

Piroska Nagy Mohácsi thinks Hungary's incoming prime minister will have to address the fragile macroeconomic situation head-on.

Why Development Doesn’t Prevent War Rabah Arezki shows that the link between prosperity and peace is more complex and contingent than previously assumed.

Rabah Arezki shows that the link between prosperity and peace is more complex and contingent than previously assumed.

How Trump’s Crypto Push Is Undermining American Power Jayati Ghosh warns that the administration’s policies are turning digital assets into a geopolitical weapon.

Jayati Ghosh warns that the administration’s policies are turning digital assets into a geopolitical weapon.

Will the IMF Ever Learn? Timothy Kaldas urges the institution to act on its own findings about austerity and taxation.

Timothy Kaldas urges the institution to act on its own findings about austerity and taxation.

The World Is Learning to Work Around America Pedro Abramovay highlights the implications of the Trump administration’s growing dependence on regional intermediaries.

Pedro Abramovay highlights the implications of the Trump administration’s growing dependence on regional intermediaries.

After Orbán, Hungary Faces an Even Harder Battle Maciej Kisilowski thinks the opposition has a bigger challenge than dismantling illiberal rule: confronting the demand for it.

Maciej Kisilowski thinks the opposition has a bigger challenge than dismantling illiberal rule: confronting the demand for it.

Hedging Security in the Gulf Is Risky Zaki Laïdi argues that strategic hedging has failed and must be replaced by a unified approach to the US and Iran.

Zaki Laïdi argues that strategic hedging has failed and must be replaced by a unified approach to the US and Iran.

How to Understand Emerging Risks Françoise Gilles sees a need for fresh thinking about how insurers and their clients navigate uncertainty.

Françoise Gilles sees a need for fresh thinking about how insurers and their clients navigate uncertainty.

US economic performance has proved unexpectedly resilient in recent years. But, from a failed war of choice against Iran to reckless deregulation, fundamental risks are piling up. Read more in a new PS Big Picture, with @elerianm.bsky.social, Dambisa Moyo, Desmond Lachman, and others.
bit.ly/41q1usx

Join us at #Impact26 in Poznań, Poland, where leading experts will discuss AI’s implications for growth, competitiveness, and security in Europe and beyond. Click the link to learn more and claim your (virtual) front-row seat. @impactcee.bsky.social #PSEvents

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Could Viktor Orbán Lose in April? Zselyke Csaky explains why Europe’s most notorious strongman has good reason to worry about his hold on power.

So first off, why is Orban on the backfoot? In this piece for PS I wrote about lessons from the elex campaign.
1️⃣ Traditional politics matters even in electoral autocracies. Magyar is politically savvy, playing Orban’s game and may be beating him at it.
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The Iran War’s Winners and Losers Richard Haass assesses which countries gained the most from the US-Israeli campaign, and which are worse off.

Richard Haass assesses which countries gained the most from the US-Israeli campaign, and which are worse off.