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The Exchange

Opinion and analysis from leading commentators

Agenda-setting commentary from leading policymakers, academics and writers around the world. Our contributors share their ideas and opinions on the pressing global issues of our time, in finance, politics, economics and foreign policy.

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  • Tuesday, 6 March, 2018
    Dambisa Moyo
    The long-term effect of Trump’s three-way boost

    Can the long-term promise of the interventions match the short-term attractions?

  • Friday, 2 March, 2018
    Lorenzo Bini Smaghi
    The perverse loop that is the euro’s key weakness

    The risk of a member’s exit from the bloc could be cut by an Article 50 provision

  • Wednesday, 10 January, 2018
    Ahmed Rashid
    Pakistan struggles, Kabul celebrates Trump’s cuts

    Polarisation over sanctuary for the Taliban adds to Islamabad’s political turmoil

  • Thursday, 21 December, 2017
    Ahmed Rashid
    Pakistan’s NGO ban strengthens extremist groups

    Move by Islamabad is a blow to an already vulnerable civic society

  • Wednesday, 13 December, 2017
    Dambisa Moyo
    America’s unique selling points are at risk

    Entrepreneurship, educational institutions and capital markets all face challenges

  • Wednesday, 8 November, 2017
    Ahmed Rashid
    Iran seems confident it can deal with a hostile US

    Internal tensions over the Revolutionary Guards aside, Tehran’s foreign policy is set

  • Wednesday, 25 October, 2017
    Yukon Huang
    Xi’s chosen path to transformative leader

    For China’s modernisation to succeed the roles of state and market must be reconciled

  • Friday, 20 October, 2017
    Lorenzo Bini Smaghi
    European banking union needs its final leg

    A common deposit insurance scheme would reduce risk and moral hazard

  • Thursday, 19 October, 2017
    DeAnne Julius
    Reasons why a no-deal Brexit would suit the EU

    The British should realise that their quarrelling is beside the point

  • Promoted Content
  • Wednesday, 18 October, 2017
    Dambisa Moyo
    Why Wall Street’s fear index remains calm

    The Vix index is a 30-day measure and does not give weight to long-tailed risks

  • Thursday, 12 October, 2017
    Lorenzo Bini Smaghi
    The ECB’s self-imposed limits complicate its QE exit

    Markets are worried by the restricted room for manoeuvre on monetary policy

  • Wednesday, 11 October, 2017
    US politics & policy
    How voters now see Trump’s America First agenda

    Are the policies touted on the campaign trail losing their appeal?

  • Wednesday, 20 September, 2017
    Fyodor Lukyanov
    Russia can profit from North Korea’s missile tests

    Kim’s provocations and the US’s failure to act strengthen Moscow’s position

  • Wednesday, 13 September, 2017
    Lorenzo Bini Smaghi
    Why euro appreciation is a headache for the ECB

    The rise of the single currency against the dollar may have further to go

  • Thursday, 31 August, 2017
    Diane Coyle
    How to tackle economics’ bias against women

    The column on entrenched discrimination has had a big response online and on Twitter

  • Tuesday, 22 August, 2017
    Ahmed Rashid
    Trump’s Afghan policy hits Pakistan hard

    The shift toward rival India is a setback for Islamabad

  • Friday, 18 August, 2017
    Ivo Daalder
    Korean crisis shows the peril of relying on the US

    The immediate threat of war has passed but Asian allies have little to celebrate

  • Monday, 24 July, 2017
    Yukon Huang
    Why China invests more in Europe than in the US

    Political sensitivities, security concerns and industrial structure direct the flow

  • Friday, 21 July, 2017
    Ahmed Rashid
    China’s high stakes in Pakistan and Afghanistan

    Beijing aims to protect both regional stability and its One Belt, One Road project

  • Wednesday, 19 July, 2017
    Mohamed El-Erian
    The good, the bad and the ugly of Trump’s economy

    Tax, growth, infrastructure — where the president’s ambitions stand after six months

  • Friday, 14 July, 2017
    Stephen King
    The strange shape of the US recovery

    One factor in the long, not strong, economic upswing is a stretchy labour force

  • Thursday, 6 July, 2017
    Mohamed El-Erian
    Focus on the G20 summit will be wrongly directed

    There are serious challenges to consider instead of personalities

  • Tuesday, 20 June, 2017
    Diane Coyle
    Anger over Grenfell can spur housing policy reform

    The economics of sorting out the property market are straightforward

  • Friday, 9 June, 2017
    Alexander Stubb
    UK polls: Take a deep breath and a Brexit timeout

    The clock is ticking but rushing the process will not help the complex negotiations

  • Friday, 2 June, 2017
    Alexander Stubb
    Why democracies should care who codes the algorithms

    Are politicians and legislators prepared for the digital revolution?

Previous You are on page 1 Next

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