Kenneth Rogoff: Is the peace dividend over? | Business Post

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Kenneth Rogoff: Is the peace dividend over?

‘As Europe rethinks its fiscal rules, policymakers must consider how to make enough space to deal with unexpected large-scale military build-ups.’ Picture: Rollingnews.ie

Russia’s brutal invasion of Ukraine should be a wake-up call for Western politicians, corporate leaders, and economists who advocate a green and equitable future but lack any practical or strategic sense of how to get there. Regardless of what short-term tactics Europe and the United States use in responding to the current crisis, their long-run strategy needs to put energy security on a par with environmental sustainability, and funding essential military deterrence on a par...

 

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