Economist on the Korea/Sweden desk of the Economics Department at OECD. She previously worked in the Structural Policy Analysis Division of the same Department at OECD, at the French Ministry of Labour and at the French National Institute of Statistics and Economic Studies (INSEE) in the Short-Term Economic Analysis and in the Economic Studies Departments. Her research interests focus on the subjects of international trade, external imbalances, labour market and digitalization. Presently, she is finishing her PhD in Economics at the Université Paris-Dauphine.
Eduardo de Campos Queiroz
After 11 years working in investment banking, from 2000 until 2008 Eduardo Queiroz dedicated his career to improve the lives of children and families in different countries by serving as an Instructor, Executive Director and Counselor of Outward Australia, Outward Bound Brazil and Outward Bound Mexico. From 2009 to 2011, Eduardo acted as the Special Advisor to the Secretary of Education of the State of São Paulo. Subsequently, from 2011 until October 2018, Eduardo led the Maria Cecilia Souto Vidigal Foundation in Brazil as the Chief Executive Officer. In the past 5 years, he has also served as a volunteer member of the Board of United Way Brazil, ESPRO and Outward Bound Brazil. Eduardo holds a degree in Business Administration, a Specialization in Finance from Getúlio Vargas Foundation, as well as a Master’s in Public Administration from the Harvard Kennedy School of Government where he was a Mason and Lemann fellow.
Natasha Franck
Founder and Chief Executive Officer of EON, which aims at pioneering the future of connected and circular fashion with a global Internet of Things framework for Digital Identity and embedded RFID technology. Before launching EON, she was the Senior Vice President of Global Business Development at Delos, a technology and real estate start-up. After supporting the launch of Delos’ International WELL Building Institute in the US, she lead the global expansion of WELL Building Standard through strategic partnerships in Asia Pacific, Europe and the Middle East. Prior to joining Delos, she worked at Jonathan Rose Companies where she consulted on smart cities and urban design and development. She holds a Bachelor’s Degree from Georgetown University.
Jasna Atanasijević
Director of Public Policy Secretariat of the Republic of Serbia, since its establishment in 2014. She is Assistant professor in finance and mathematical introduction to economics at the Department of Mathematics and Informatics of the Faculty of Sciences, University of Novi Sad. She previously worked as chief economist in a bank and researcher in a think tank as well as a consultant in the area of finance and economic policy topics. Since December 2015, she is presidency member of the Serbian Association of Economists. She obtained her Master degree in finance from the University Toulouse 1 in 2003 and her PhD in applied economics from University Paris 1 Sorbonne in 2013.
Chittaranjan Kaul
Director of the Centre for Learning Resources in Pune, India. He has run banking businesses around the world; run and set up residential and day schools; been a nonprofit manager; coached senior corporate and non-corporate executives in enhancing personal and organizational effectiveness; worked with and coached management teams, parents and teachers of educational institutions; and provided strategy advice to for-profit and nonprofit organizations. He earned a degree in electrical engineering from the National Institutes of Technology (NIT), Srinagar and a PGDM from the Indian Institutes of Management (IIM), Ahmedabad.
Bojana Tosic
Acting Director of the Public Policy Secretariat of the Republic of Serbia since January 2018. In 2008 she entered the Register of Lawyers with the Bar Association of Belgrade. Between 2007 and 2011, she was a legal adviser at the Secretariat of the Council for Regulatory Reform and Regulatory Impact Assessment. Between 2008-2010 she worked as a coordinator of the legal team of the Unit for the Implementation of Comprehensive Regulatory Reform of the Government of the Republic of Serbia. She was Deputy Director of the Government Office for Regulatory Reform and Regulatory Impact Assessment and acting Deputy Director of Public Policy Secretariat. She graduated from the Faculty of Law at the Belgrade University.
M’hammed Dryef
Senior Fellow, Policy Center for the New South. Mhammed Dryef has held several responsibility positions including: Chief of staff at the Ministry of the Interior, Governor Director of the Casablanca Urban Agency, Director General for National Security, Director General for Urban Planning and Territorial Planning, Wali- Director General for Interior Affairs, and Wali of Fez, Casablanca, and Laayoune. In addition, Mhammed Dryef has published a book on urbanization in Morocco as well as various studies on decentralization, regionalization, and the evaluation of public policies. He holds a PHD in Public Law from the University of Grenoble, a diploma from the National School of Public Administration and a post graduate diploma in private law.
Obiageli Ezekwesili
Co-Founder, Transparency International. During her time as education minister, she led an extensive and comprehensive reform program, and her blueprint for overhauling the sector is a reference document from which other countries in Africa have borrowed ideas. A former vice-president of the World Bank’s Africa Region, she was recently, a senior advisor on Africa Economic Development Policy at the Open Society Foundations in New York, assisting the Mano River governments with economic policy reforms. She is a leading chartered accountant and co-founder of the global anti-corruption group, Transparency International. She is also one of the co-conveners of the Bring Back Our Girls campaign to find the 300 Nigerian schoolgirls abducted by Boko Haram in 2014. She has held several key positions within the Nigerian government including senior special assistant to the President of Nigeria on budget monitoring and price intelligence, Minister of Mineral Resources and Minister for Education.
Mohammed Rachid Doukkali
Vice Dean of the Mohammed VI Polytechnic University and Senior Fellow at the Policy Center for the New South. He is President of the Moroccan Association of Agricultural Economics and associate member of the General Council of Agricultural Development of Morocco. Prof. Doukkali performed several consultancies with the Ministry of Agriculture of Morocco, and national and international organizations (World Bank, FAO, UNDP) and several Mediterranean and African countries. Prof. Doukkali collaborates with several national research institutions, such as INRA-Morocco, and with international research institutions, such as CIHEAM, CIRAD, CEMAFREF, IFPRI and ICARDA.
Anwar Mohammed Gargash
Diplomatic Advisor to the President of the United Arab Emirates. He joined the Federal Government in 2006 as Minister of State for Federal National Council Affairs, and was later appointed Minister of State for Foreign Affairs. He was Chairman of the National Elections Committee, Chairman of the National Committee to Combat Human Trafficking, Chairman of the Board of Trustees of the Al Owais Cultural Foundation and a member of the Board of Trustees of the Anwar Gargash Diplomatic Academy (AGDA). He received his Ph.D. from King’s College, Cambridge and holds Bachelor’s and Master’s Degrees in Political Science from George Washington University.
Aomar Ibourk
Professor of quantitative methods and social economics at the Cadi Ayyad University in Marrakech, an economist, as well as Senior Fellow at OCP Policy Center who focuses on Applied econometrics, labor market, economics of education and development economics. He is also the director of GRES (Economic and Social Research Group) at the same university. His research focuses on econometric methodologies applied to social sciences (labor economics, economics of education and Development). Mr. Ibourk’s doctoral thesis looks into the “Contribution to Econometrics through the Labor Market Matching Process: Macro and Microeconometric Approaches to the Moroccan Labor Market.”
Larabi Jaïdi
Senior Fellow at the Policy Center for the New South and former Professor at Mohammed V University in Rabat. He is a founding member of the Centre Marocain de Conjoncture and of the Groupement d’Etudes et de Recherches sur la Méditerrannée. He is a member of the Research Group within the Euro-Mediterranean Universities Networks. He acted as Adviser to the Prime Minister and to the Minister of Economy and Finance. He acts as independent expert to the Moroccan Competition Council and the Moroccan Authority for the fight against Corruption. He wrote various publications about economic and social development and international economic relations.
Jamal Machrouh
Senior Fellow, Policy Center for the New South. Jamal Machrouh is professor of international relations at the National School of Business and Management, Ibn Toufaïl University, Kénitra and Senior Fellow at the Policy Center for the New South, formerly OCP Policy Center, where he focuses on Geopolitics and International Relations issues. Mr. Machrouh is lecturer at the Royal College of Advanced Military Studies of Kénitra and at Södertörn University of Stockholm, Sweden. He is the author of a book titled Justice and Development under World Trade Organization and of various articles dealing with international relations and geopolitics.
Klaus Kögeler
Austrian Ambassador to the Kingdom of Morocco. He served as an Ambassador and Deputy Permanent Representative of the Austrian Representation to the OSCE in preparation and during the Austrian chairmanship of the OSCE in 2017. He held positions at the Austrian Embassies in Norway, Spain and Hungary. He also worked at the Austrian Permanent Representation with the EU and held several positions at the Austrian Minister of Foreign Affairs. He holds a degree in Business Administration and International Economics from the University of Economics, Vienna, as well as the Diploma from the Diplomatic Academy, Vienna.
Jean-Louis Bourlanges
Member of the French Parliament, Representing the Hauts-de-Seine department since june 2017. He was Associate Professor at the Institut d’Etudes politiques de Paris (Sciences-Po) between 2002 and 2015 and Member of the European Parliament between 1989 and 2007. He was Chief Counsellor at the French Court of Audit and Senior Auditor at the French Court of Audit. He graduated from the Ecole nationale d’administration. He received an Advanced degree in Contemporary Literature and also graduated from the Institut d’Études politiques de Paris (Sciences-Po).
Ayman Cherkaoui
Executive Director of the Global Compact Network Morocco. He is also Project Coordinator at the Mohammed VI Foundation for the Protection of the Environment and Senior Advisor of the Climate Change Program of the Center for International Law of Sustainable Development. Previously, he was Special Advisor to the Presidency of COP22, and worked for Valyans Consulting and the International Air Transport Association. He has extensive knowledge in the fields of engineering, law, finance, climate change and sustainable development. He has been honored as an African Leader by the Obama Foundation, and as an Emerging Leader by the OCP Policy Center.
Rahma Bourqia
Director of National Evaluation Authority in the Higher Council of education training and research in Morocco (Appointed in 2014), Former President of Hassan II University Mohammedia Casablanca, Former dean and Professor of Sociology in Mohamed V University Agdal Rabat. She is also member of the Moroccan Royal Academy. She has been an invited lecturer or presenter at research activities at universities in the United States, Europe, and the Middle East. She was recognized with an honorary degree honoris causa from Indiana State university in USA in 2006, from Liege University Belgium and from Université Paris Ouest Nanterre in Paris France in 2010.
Sandiso Sibisi
Entrepreneur at Accenture, leading Open Innovation for Africa, where she grants start-ups market access opportunities to accelerate their growth. She founded the Born to Succeed program that is curbing the steep youth unemployment rate in South Africa through education, mentorship and by forming private sector alliances. She is the former Deputy Chairman of Advancement of Black Accountants South Africa Bursary Fund, which addresses the challenges faced by previously disadvantaged learners in accessing institutions of higher learning due to funding constraints. In 2016, she was selected from a pool of 4000 applicants from South Africa to participate in the Mandela Washington Fellowship in the U.S. She also represented South Africa at the World Bank Youth Summit 2016, in Washington DC by sharing her EdTech platform called ‘Khwela’. Amongst other accolades she is a Sustainable Development Goals ambassador inaugurated by Ambassador Dessima Williams in Canada, a Play Your Part Ambassador with Brand South Africa and Mzansi’s top 100 inspiring and aspiring leaders of 2017.
Touria Benlafqih
Founder and CEO, EMPEOPLE. She focuses on the role of youth in poverty reduction and social inclusion in Africa. She has been involved with social entrepreneurship and empowerment of youth and women for the past 12 years. Working with non-profit organizations as a volunteer, a professional and a consultant, with over 6 years of focus on youth employability to solve one of the biggest issues of Africa: unemployment. In 2015, she created SIDE, Social Impact and Development Employment, a social business focused on youth unemployment. In 2016, she founded EMPEOPLE, that stands for Empower People. She worked on women empowerment, education, youth engagement in public affairs, rural development, and oasis preservation, to finally focus her energy on youth empowerment. Former Program Director of Enactus Morocco. Previously, she was the administrative and financial assistant of project conducted by the UNDP, related to Climate Change Adaptation in Oasis Areas in Morocco.
Fareed Mohamedi
Fareed Mohamedi is Managing Director, SIA-Energy International, a Beijing based consultancy specializing in the Chinese oil and gas sector. Prior to joining SIA-Energy, Fareed was the Chief Economist at Rapidan Energy. He also was Senior Corporate Advisor to the Corporate Planning Department at Saudi Aramco. He was also Vice President of Industry Analysis at Statoil in its Corporate Strategy and Business Development department. For over 20 years, Fareed was a partner at PFC Energy where he built up its country risk and oil market analysis practice. He has also worked as a macro economist at the World Bank and The Ministry of Finance and National Economy of Bahrain, among others. He has a Master of Arts in Arab Studies from the Center for Contemporary Arab Studies at the School of Foreign Service at Georgetown University, Washington DC., and a bachelor of science degree in Economics at Western Michigan University.
Tayeb Amegroud
Senior Fellow, OCP Policy Center, who focuses on Energy, renewable energy, projects development, valuation and financing and structuring. Founder of GPower Consultants and an expert in energy planning, and projects development, valuation, financing and structuring. He has 18 years of combined experience in energy projects and investment banking. In his last position, he was Director in charge of Renewable Projects development, Planning and Strategy at Office National de l’Electricite (ONE) and member of its executive committee. Prior to that, he was Executive Director at Swiss Re in New York and London, and held the same position at Lehman Brothers and various other international financial.
Shiv Vikram Khemka
Vice-Chairman of SUN Group, a diversified global group, with both operating and investment companies active in areas including Private Equity, Renewable Energy, Oil & Gas, High Technology, Gold Mining and Real Estate. He is Executive Chairman of the Global Education & Leadership Foundation (tGELF). He serves on numerous boards and councils. He is a member of the BRICS Business Council delegation and leads the Indian business representation to the Shanghai Cooperation Organization. He sits on the National Council and the International Council of the Confederation of Indian Industry (CII) and is Chairman of the CII Central Asia Committee. Shiv also serves as the co-chairman of the Aerospace and Defence Council at the Federation of Indian Chambers of Commerce and Industry. He studied at Eton College, earned a BA in economics from Brown, an MBA/MA with distinction from the Wharton School of Business and the Lauder Institute at the University of Pennsylvania.
Jacques Michel
Managing Director of JMS Advisory – Directorship and Financial Services Advisory. Until mid 2022, he has held various senior management positions across BNP Paribas international network. His last position was CEO/Chairman of BNP Paribas Middle East and Africa for Corporate and Institutional Banking from 2015 to 2022. Between 2009 and 2015, he was CEO of BNP Paribas in India. Before joining BNP Paribas, he was Deputy CEO/Chief Risk Officer Asia-Pacific for Crédit Lyonnais, Calyon and Fortis Bank (1999-2009). Between 1995 – 1999, he was Country Manager of Crédit Lyonnais in Thailand and, between 1990 – 1995, Regional Manager of BFCE for South-East Asia based in Singapore. He has always been an active member of the Foreign Trade Advisors of France (CCEF, an official representative of the French business community overseas). He was Chairman of the Hong Kong Committee and is now President of the Bahrain Committee. He is Honorary Chairman of the Indo-French Chamber of Commerce and also a member of the Advisory Board of the French-Bahraini Chamber of Commerce. He graduated from ESSEC.
Suzanne Hayden
Ms. Hayden is a licensed attorney who has spent thirty years in public service and law enforcement serving as a senior advisor to members of the US government – Justice, State, Treasury, Intelligence and Defense – and to International Organizations – International Criminal Tribunal for the Former Yugoslavia (ICTY), United Nations Office of Drugs and Crime (UNODC) and the International Anti-Corruption Academy (IACA). A former Senior Prosecutor for the US Department of Justice, she also served as US DOJ’s first National Security Coordinator and was the DOJ representative to the Financial Action Task Force (FATF), the global standard setter for combatting money laundering and terrorist finance. As a prosecutor at the ICTY, Ms. Hayden established the UN’s first financial investigation unit and led the financial investigation of Slobodan Milosevic. She currently provides technical assistance and advice to organizations in the public and private sectors, in areas such as integrity building, anti-corruption and anti-money laundering and is on the expert council for PMI IMPACT, and is working with an organization on combatting wildlife trafficking.
Europe’s Critical Election
Ahead of the European Parliament election in May 2019, nationalist parties across Europe are unifying behind a message that is clear, forceful, and, for many, compelling. If Europe’s defenders are to win, they will need to offer a vision that is similarly powerful – and not hide behind French President Emmanuel Macron.
The Case Against Climate Despair
The growing severity and frequency of extreme-weather events suggests that climate scientists’ nightmare scenarios must be taken seriously. Fortunately, rapid advances are being made in clean-energy technology and carbon-neutral forms of living.
STOCKHOLM – Heat waves and extreme-weather events across the Northern Hemisphere this summer have brought climate change back to the forefront of public debate. Early analyses strongly suggest that natural disasters such as Hurricane Florence – which barreled into the US East Coast this month – have been exacerbated by rising global temperatures. Though US President Donald Trump has reneged on the 2015 Paris climate agreement, the rest of the world is becoming increasingly convinced of the need to limit greenhouse-gas (GHG) emissions.
Last month, a group of climate scientists published a report in the US Proceedings of the National Academy of Sciences warning that the planet could be on a path to becoming a “hothouse” that may not be habitable for humans. The Earth has already registered the highest temperatures since the last Ice Age. But, as the report notes, what we are experiencing today will be nothing compared to what is in store if average global temperatures surpass 2° Celsius above pre-industrial levels.
At that point, the authors write, “[global] warming could activate important tipping elements, raising the temperature further to activate other tipping elements in a domino-like cascade that could take the Earth System to even higher temperatures.” The scientific debate about climactic tipping points and nightmare scenarios is ongoing. But no one can say for certain that the risks outlined in the “Hothouse Earth” report are not real.
But there is another risk: that warnings such as these will lead to despair. Numerous reports have already concluded that it will be exceedingly difficult to meet the targets outlined in the Paris agreement. But to conclude that the situation is hopeless is not just dangerous; it is also factually incorrect. After all, political and technological developments that are currently underway offer grounds for genuine hope.
At the Global Climate Action Summit in San Francisco, California, this month, there was plenty of talk about the numerous alarming reports that have come out in recent months and years. But the real focus was on the Exponential Climate Action Roadmap, a major new study showing that progress in the use of non-fossil-fuel technologies is advancing not just linearly, but exponentially.
You may not realize it, but solar- and wind-power usage is doubling every four years. If that continues, at least half of global electricity production could come just from these two forms of renewable energy by 2030. And there is no good reason to think that progress couldn’t accelerate further. Just in the past few years, there have been rapid advances in solar-energy technologies and energy storage.
The Global Commission on the Economy and Climate estimates that $90 trillion will be invested in new infrastructure around the world over the course of the next 15 years. Owing to the new technologies that are now emerging – not just in energy but in the digital domain as well – humanity could have an historic opportunity to leapfrog into far more sustainable, carbon-neutral patterns of habitation.
Moreover, in addition to the far-reaching advances in technology, there is also growing private- and public-sector awareness of the importance of factoring sustainability into all decisions. New approaches to energy, industry, architecture, city planning, transportation, agriculture, and forestry have the potential to halve GHG emissions by 2030. But that will happen only if a broad coalition of decision-makers decides to deploy them.
Fortunately, governments and major corporations have begun to show leadership on these issues. As a result, GHG emissions have already peaked in 49 countries that account for 40% of global emissions; and ten countries have even committed to being carbon-neutral by 2050. California and Sweden say that they will produce zero net emissions by 2045.
The Exponential Climate Action Roadmap shows that we do still have a say over our climate future. The dangers that await us cannot be denied. If GHG emissions and rising temperatures continue on their current trajectories, we could well reach the point at which future generations will have to endure “Hothouse Earth,” assuming that they can survive at all.
But just as recent scientific work has underscored the dangers of climate change, so, too, has it shown the way forward. There is hope in the rapid diffusion of new technologies, and in the growing awareness of the problem within industry, government, and civil society. If we can ensure exponential technological progress and marshal the necessary political will, we can tackle the climate crisis. A “Stable Earth” is still within our reach.
Renaud Girard : «Pourquoi Donald Trump veut aller jusqu’au bout sur la Chine»
25 septembre 2018
Trump veut aller jusqu’au bout sur la Chine
Le porte-parole du gouvernement chinois vient d’accuser les Etats-Unis d’avoir commencé « la plus grande guerre commerciale de l’Histoire économique ». Le lundi 24 septembre 2018, sont entrés en vigueur les nouveaux droits de douane imposés par le président Trump aux produits chinois. 200 milliards de dollars d’exportations chinoises vers les Etats-Unis sont touchées (sur un total de plus de 500 milliards par an). La surtaxe décidée par la Maison Blanche est de 10%, mais elle grimpera à 25% en 2019 si les deux gouvernements ne parviennent toujours pas à s’entendre. Les Chinois ont épuisé leurs moyens, dans la mesure où leurs importations d’Amérique ne dépassent pas les 130 milliards annuellement.
L’offensive tarifaire du président Trump contre la Chine est une politique qui a reçu un soutien substantiel des parlementaires américains (démocrates comme républicains) et des alliés européens des Etats-Unis. La chambre de commerce européenne en Chine a expliqué que la cause première de cette guerre commerciale sino-américaine est l’ouverture incomplète des marchés chinois aux biens et services en provenance de l’étranger.
Les autorités chinoises ne peuvent se plaindre de ne pas avoir été prévenues. Depuis qu’il a été élu, Donald Trump leur a demandé de modifier leurs pratiques commerciales, notamment lors du sommet de Mar-a-Lago (Floride) d’avril 2017. Au forum économique de Davos, en janvier 2018, Trump a déclaré : « Nous sommes en faveur du libre-échange, mais il doit être juste, et il doit être réciproque ! » Or les Américains estiment que la Chine, depuis trente ans, n’a jamais fait preuve de réciprocité dans son commerce avec les Etats-Unis, et qu’elle s’est montrée de surcroît très injuste.
Washington ne reproche pas seulement à Pékin l’énormité du déséquilibre commercial entre les deux nations. Les Américains accusent les Chinois de violer les règles de l’OMC (dont la Chine est membre depuis 2001) en ayant systématiquement recours au dumping et aux aides d’Etat camouflées. Trump est le premier dirigeant occidental à avoir dénoncé les stratégies chinoises de pillage technologique et d’intimidation des investisseurs occidentaux en Chine. Tel industriel souhaitant s’installer en Chine est prié de constituer une joint-venture avec un industriel local. Au début, les relations avec l’associé chinois sont merveilleuses, les usines démarrent, la distribution suit, les clients apprécient, l’investisseur occidental gagne de l’argent. Mais dans une deuxième phase, l’associé chinois se saisit d’un prétexte pour quitter soudainement la joint-venture. Les Occidentaux le retrouveront bientôt dans une autre usine, fabriquant des produits similaires, grâce à toute la technologie qu’il a auparavant volée. S’ils osent se plaindre, le Ministère de l’Intérieur les menace de leur retirer sur le champ leurs titres de séjour.
Trump a décrété que les Chinois ne voleraient plus jamais la technologie américaine. La Chine va-t-elle se soumettre aux demandes américaines ? Va-t-elle réagir de manière rationnelle ou émotionnelle ? Rationnellement, les Chinois seraient bien avisés de faire des concessions car ils ont davantage besoin de l’Amérique (en termes de formations universitaires, de technologie à importer et de marchés à l’export) que l’Amérique a besoin d’eux. Les 2000 milliards de bons du trésor américain que détient la Chine ne peuvent constituer pour elle un moyen de pression. Les vendre massivement reviendrait pour elle à se tirer une balle dans le pied, par dépréciation de ses actifs. Et les Américains trouveraient toujours preneurs ailleurs pour leurs obligations libellées en dollars.
Mais une dernière mesure américaine, d’une toute autre nature, pourrait très bien déclencher une réponse émotionnelle, c’est-à-dire nationaliste, de la part des Chinois. Le 20 septembre 2018, en vertu des lois américaines d’embargo votées après l’annexion de la Russie et après l’affaire Skripal, l’EDD, qui est l’organisme chinois chargé d’améliorer la technologie des armements de l’APL (Armée populaire de libération) et son chef, Li Shangfu, ont été sanctionnés pour avoir acheté à la firme d’Etat russe Rosoboronexport une dizaine de chasseurs bombardiers Sukhoi 35 ainsi que des missiles sol-air S-400. Leurs comptes sont gelés aux Etats-Unis et interdiction est faite à toute personne morale ou physique américaine d’être désormais en affaires avec cette personne et cette entité chinoises. L’Amérique a encore étendu l’extraterritorialité de son droit, car la transaction sino-russe n’était pas libellée en dollars…
Les Chinois vont-ils se sentir victimes de traités inégaux comme au XIXème siècle et se rebeller ouvertement contre l’Amérique ? C’est possible, car ils ont exigé d’elle publiquement le retrait de ces sanctions. Qui cédera le premier ? La réponse n’est pas pour demain. Ce n’est que le début d’un très long bras de fer…
Renaud GIRARD
Is the World Becoming a Jungle Again? Should Americans Care?
By Steven Erlanger
Sept. 22, 2018
BRUSSELS — President Trump seems determined to upend 70 years of established American foreign policy, especially toward Europe, which he regards as less ally than competitor.
The Trump turnabout has set off a fervent search on both sides of the Atlantic for answers to hard questions about the global role of the United States, and what a frazzled Europe can and should do for itself, given a less reliable American partner.
The German foreign minister, Heiko Maas, speaking before a conference of all Germany’s ambassadors last month, argued for a stronger European foreign and defense policy in the face of a suddenly uncertain future.
“The rules-based international order” is eroding in a world where “nothing can be taken for granted any more in foreign policy,” he said.
As a measure of just how cross-fertilized the thinking has become, Mr. Maas, a Socialist, cited the conservative American thinker Robert Kagan of the Brookings Institution and his forthcoming book, “The Jungle Grows Back: America and Our Imperiled World.”
His is one of several new books to take on the issues. In Mr. Kagan’s view, the United States’ retreat as the enforcer of the order it created after World War II is returning the world to its natural state — a dark jungle of competing interests, clashing nationalism, tribalism and self-interest.
“The liberal world order established by the United States a little over seven decades ago is collapsing,” Mr. Kagan writes, a function of American exhaustion with global burdens that began before Mr. Trump was elected and was one of the reasons for his victory.
But as a tired America pulls back from tending what Mr. Kagan calls “the garden” of the liberal order — an exceptional 70 years of relative peace and free trade, “a historical anomaly” made possible by U.S. leadership — the dangers are considerable, especially for Europe, he argues.
Already strained by populism and identity politics, Europe is in danger of returning to the strife that produced totalitarianism in the 1930s, he warns.
“The crucial issue is not the Middle East or even Russia, and it may not even be China,” Mr. Kagan said. “The big game is what it’s been for over a century. If we lose Europe, if we send Europe back to its normal condition, it’s over.”
But his prescription — that the United States suck it up and understand that it must remain the indispensable guarantor — is hardly universally shared at a moment when many appear sympathetic to Mr. Trump’s complaint that America’s allies do not do enough for collective defense.
Julianne Smith, a former adviser to Vice President Biden and now a visiting fellow at the Robert Bosch Academy in Berlin, recently traveled the United States talking about foreign policy.
“If in Washington the bipartisan view is do more, outside people ask if we’ve been too ambitious,” she said.
“We’re in a situation where the public doesn’t see the evidence to support Kagan’s arguments,” she said. “Congress is not there, the media is not there, the public is not there, and business is there only sometimes.”
Stephen M. Walt of Harvard University argues in his own forthcoming book, “The Hell of Good Intentions: America’s Foreign Policy Elite and the Decline of U.S. Primacy,” that the United States should do less in the world, and a lot more selectively.
Part of the “realist” school, Mr. Walt says that since the end of the Cold War, the United States has engaged in a series of expensive, largely unnecessary and ultimately failed efforts to remake nations in its own unusual image.
The metaphor of a garden “implies our role is benign and benevolent, when actually we’ve been blowing up a lot of stuff,” he said.
“If we go running around the world on idealistic crusades, and some go badly, as they will, then public support for an activist foreign policy will decline.”
Tomas Valasek, who runs Carnegie Europe, a research institution, considers that view too pessimistic.
“I agree that it’s not inevitable that the U.S. will always play the same role, but I disagree that mayhem necessarily follows,” he said. “The U.S. has changed Europe’s security culture,” making Europeans more conscious of the need to defend themselves.
“It’s not the 1930s,” Mr. Valasek said. “There are ugly forces at work in Europe but not of the same kind, and I don’t share Kagan’s assumption that European elites will fail to respond.”
“We must make clear to the American people that it’s in their enlightened self-interest to stay engaged, and that others are stepping up, paying and doing their share,” he added.
The shift in American attitudes “toward a post-imperial role” began before Mr. Trump, with the failure of the Iraq war, noted Nathalie Tocci, director of Italy’s Institute of International Affairs and an adviser to E.U. foreign-policy chief Federica Mogherini.
But for her, “the silver lining in Europe is that even the current dodgy leaders realize we’re all very small.”
“There is a growing realization that a stronger Europe and European Union are a necessity, whatever the faults,” she said.
Daniel W. Drezner, who teaches international politics at Tufts University’s Fletcher School, argues that “Americans are sick of wars in Afghanistan and Iraq,” but that both Mr. Kagan and Mr. Walt are wrong about American public opinion.
“Ask them about trade, immigration and alliances, and it turns out that Trump has made liberal internationalism great again,” he said, with Americans favoring international trade and alliances with European and Asian democracies.
Indeed, surveys show that American attitudes on trade and mutual alliances are the most positive in 40 years, said Ivo H. Daalder, president of the Chicago Council on Global Affairs.
“Americans are not sick of foreign engagement but of stupid, endless foreign wars,” he said.
Mr. Daalder and James M. Lindsay also have a forthcoming book, “The Empty Throne: America’s Abdication of Global Leadership,” describing the impact of what they consider the greatest shift in American foreign policy since the retreat from Europe after World War I.
Like Mr. Kagan, they see dire consequences. But they also argue that even if Mr. Trump won’t tend the liberal world order, America’s nine most democratic allies can do more to preserve it — in both global trade and security.
Mr. Lindsay and Mr. Daalder call for a “G-9” of Britain, France, Germany, Italy, Australia, South Korea, Japan, Canada and the European Union to act more boldly in their own interest, as they are already doing on trade.
Mr. Kagan wants to influence those choices. Despite mistakes in Iraq, Afghanistan and Libya, retreat in the name of “reality” is naïve and ahistoric, he argues.
“After decades of living within the protective bubble of the liberal world order, we have forgotten what the world ‘as it is’ looks like,” he said. “To believe that the quarter-century after the Cold War has been a disaster is to forget what disaster means in world affairs.”
Making the Most of Emerging Economies
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Investors may find it tempting to pursue a broad risk-off approach to the entire emerging world, especially in the context of rising global trade tensions. But it would be a mistake to ignore the very favorable conditions that exist in some emerging economies.
PARIS – Once again, the world’s emerging economies are facing a bout of uncertainty. Argentina, South Africa, and Turkey are among those generating the most concern, owing to a combination of questionable monetary policies and currency depreciation vis-à-vis the US dollar that threatens to undermine these countries’ ability to service their debts. But not all emerging economies are created equal.
To be sure, as in the past, there is a distinct risk of contagion. The emerging economies that are most vulnerable each must address its own challenges to avoid falling victim. And the approaches countries take to the challenges they face will have knock-on effects of their own.
Given this, investors may find it tempting to pursue a broad risk-off approach to the entire emerging world, especially in the context of rising global trade tensions. But it would be a mistake to ignore the very favorable conditions that exist in some emerging economies. For example, many have made significant progress in managing their debt levels, raising productivity, improving infrastructure, and implementing needed reforms.
All of this has contributed to strengthening these economies’ resilience to external shocks. Indeed, despite enduring uncertainties over the degree to which they have absorbed the lessons of the past, not to mention inconsistencies across countries, many emerging economies have developed much sounder fundamentals over an extended period.
The disparity between perceived and actual risk and the tendency to paint all emerging economies with the same brush is a longstanding problem. But investors should eschew a wholesale retreat from emerging economies in response to high-profile problems in a few. Instead, they should adopt a more nuanced approach, one focused on improving the risk-return profile by investing in selected regions and markets, while working with the right institutions.
In particular, now is not the time to ignore Latin America and the Caribbean, which have a wide range of investment needs – touched upon during the recent G20 meetings in Argentina – and also offer a broad range of growth opportunities. Countries in this region have pursued substantial reforms that have boosted economic growth and laid the foundations for strong financial returns in the longer term.
More broadly, stakeholders should strengthen their commitment to using the “billions to trillions” approach to resolving the world’s most vexing problems. That approach uses a combination of measures related to finance, skills, capacity, and risk allocation to leverage relatively scarce public-sector capital to mobilize more robust private-sector resources.
The multilateral development banks have a critical role to play here, and many have made great strides in responding to market needs. Moreover, the world has agreed, under the auspices of the United Nations, on complementary road maps for addressing global challenges: the Paris Climate Agreement and the Sustainable Development Goals. By establishing the right mechanisms to take advantage of related investment opportunities, we can use billions of public dollars to make trillions of dollars’ worth of progress.
Many of us in the investment community are working to boost the effectiveness of our work by ensuring that the right financial and risk-management instruments are in place to connect the public and private sectors. Already, mechanisms are in place to facilitate capital flows into emerging economies, particularly those in Latin America and the Caribbean, where opportunities for attractive risk-adjusted returns are now available.
In this context, even a very modest allocation by large institutional investors will have a major impact on the pursuit of sustainable outcomes, while also providing attractive, competitive financial returns. This dynamic – a fundamental component of the billions-to-trillions approach – can become embedded, creating the basis for a broader system in which there is no trade-off between making money and doing good.
The current turmoil in some emerging economies must not be allowed to derail past progress. On the contrary, it should spur stakeholders to redouble their collective efforts to establish a broadly beneficial system. This means, first and foremost, taking a nuanced approach to risk assessment that recognizes the attractive long-term growth opportunities that many emerging-market economies offer.
Juliette M. Tuakli
Mercy Ships International Diplomatic Ambassador for Africa since 2022. She facilitates partnerships with governments, diplomatic entities and communities, supporting Mercy Ships’ mission to deliver free medical and surgical care to those in need across the African continent. In May 2022, she played a key role in the christening of the Global Mercy™ – the organization’s flagship hospital ship, in Dakar, Senegal. A distinguished pediatrician and reproductive health specialist, Dr Tuakli was the first African woman clinical professor in Pediatrics at Harvard Medical School. Her work in there contributed to the creation of a special Community Medicine Department at Children’s Hospital of Boston. She was the Founder and Medical Director of CHILD Accra in Ghana, and her contributions to child health education in Africa and the USA have been internationally lauded. As the first female Rotary president in Ghana, she advanced child protection legislation for Africa’s children, earning recognition from the African Union. She also initiated a Rotary funded surgical rotation that has grown into an accredited WHO-supported Safe Surgery in Africa course onboard the Mercy Ships fleet. She has served on several international boards, including Mercy Ships, Zenith Bank, the Global Virus Network and CarePoint. In 2022 Dr. Tuakli retired as the first female and non-white Chair of United Way Worldwide’s international board of trustees. She is an acclaimed leader and contributor to global health, and the recipient of numerous awards, including a UN Global Citizens Award and several lifetime achievement honours.
MADRID – Discussions about Europe-wide elections are invariably infused with expectations of dramatic change that rarely, if ever, are met. But the upcoming European Parliament election in May 2019 may break the mold, as it could determine the outcome of an ongoing struggle between two visions for Europe’s future: progress toward greater openness and interconnectedness or a reversion to divisive and blinkered nationalism.
Previous European Parliament elections have been preceded by promises that the vote would mean something to the electorate. But, whatever structural and institutional changes have occurred, from increasing the body’s powers to introducing new campaigning procedures, the results have remained lackluster.
With voters unconvinced that European Parliament elections have any concrete impact, domestic political calculations dominate, with citizens using their votes – when they bother to vote at all – to send signals to national parties and punish incumbents. In fact, even as the European Parliament has gained more authority, voter turnout in European elections has steadily decreased since 1979, reaching a low of 42.5% in 2014.
But this year, the election really does matter. An increasingly organized coalition of nationalist forces that are hostile to European integration – and, indeed, to European values – has been gaining traction and cohesion. These forces include Fidesz in Hungary, the Law and Justice (PiS) party in Poland, Germany’sAlternative für Deutschland, the Swedish Democrats, the League in Italy, Marine Le Pen’s National Rally (formerly the National Front) in France, and Geert Wilders’ Dutch Freedom Party.
Opposition to the EU is not new; nor are nationalist parties. But these parties have deepened their cooperation with one another since the last European elections in 2014, particularly on the issue of migration. In August, Hungarian Prime Minister Viktor Orbán and Italian Interior Minister Matteo Salvini held a “summit” where they called for a united front against French President Emmanuel Macron’s pro-integration vision of Europe.
Beyond the clear irony of the far right’s internationalism, this unification of nationalist parties into a Europe-wide force is highly dangerous – not least because these forces have coalesced around a clear, forceful, and, for many, compelling message. To face the challenges of the future, they declare, Europe must return to a less uncertain time, when sovereign countries’ closed borders kept foreigners out.
The nostalgia on which these leaders successfully campaign cannot serve as a basis for policy, because the world they describe never existed. But those who recognize the far-reaching benefits of an open and forward-looking EU are struggling to make their case in a persuasive way. They, too, are focusing on the past, often citing a laundry list of accomplishments; but their version comes across as technical and bloodless. In order to convince a skeptical public that Europe’s strength lies in cooperation, European leaders need to focus on the future. They cannot simply rely on past successes. We have peace and prosperity and no more data roaming charges, but what’s next?
“More unity” is not an adequate answer, even if some treat it as one. In general, abstract and lofty visions are not good enough to compete with the simple and potent message espoused by nationalists.
This does not, however, mean that Europe’s defenders should attempt to hijack the nationalists’ vocabulary to serve a pro-European agenda, as European Commission President Jean-Claude Juncker did when he called for “European sovereignty” – whatever that is – in his recent state of the union address. Pro-European leaders cannot forge a new way forward by making themselves look more like nationalists; on the contrary, they must show just how different they are.
This means combining ideals with tangible proposals for Europe’s development. It means showing why the EU is the most viable and appealing vehicle to take Europe into an ever-more prosperous future. It means proving that the EU is better equipped than individual states to address contemporary challenges, particularly in a world in which a critical mass of power (military, economic, demographic) is increasingly necessary to have any room for maneuver. And it means convincing citizens that the EU, as a community of nations, offers the best chance to strengthen economic resilience, foster innovation, and preserve Europe’s cultures.
Macron has become the poster child for this approach. Too often, however, his is a lone voice; his fellow defenders of Europe nod quietly in agreement, but are unwilling to take political risks of their own. In the months leading up to the May election, all who believe in a European approach to European problems must step up.
The campaign is just beginning, so there is still time to change the narrative and put Europe on a path toward greater influence and increased prosperity. But the window of opportunity is closing fast. Unless those who understand the value of the EU wake up soon and respond effectively to their increasingly unified nationalist adversaries, it will be too late.
Europe faces a stark choice: Will its nation-states move forward together, building strength upon strength, or will they take separate paths, each leading to mediocrity? Believe it or not, the outcome of the upcoming election really does matter. For Europe, the stakes could not be higher.