This past year turned out to be quite a bit better than many had feared. The populist-nationalist wave did not sweep across Europe. It was a key risk a year ago, after the UK referendum and the US election, and spurred underperformance by the eurozone. The US exited the multilateral Trans-Pacific Partnership (TPP) that had …
There is much doom and gloom. Despite the recovery from the Great Financial Crisis, there is a high element of economic anxiety. It is not just about economics. Political developments are worrisome. We are told by various pundits in the media that democracy is dying. Six months ago, we argued that the consensus narrative under-estimates …
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