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  • European Spring: Why Our Economies and Politics are in a Mess – and How to Put Them Right

    Britain and the rest of Europe are in a mess. Our economies are failing to deliver higher living standards for most people – and many have lost faith in politicians’ ability to deliver a brighter future, with support for parties like UKIP soaring. Are stagnation, decline and disillusionment inevitable?

  • Aftershock: Reshaping the World Economy After the Crisis — out now

    The financial crisis brought the world to the brink of economic breakdown. But now bankers’ bonuses are back, house prices are rising again and politicians promise recovery – all this while unemployment remains high, debts mount, frictions with China grow and the planet overheats.
    Is this really sustainable – or do we need to change course?

    Aftershock
  • Immigrants: Your Country Needs Them

    Immigration divides our globalising world like no other issue. We are being swamped by bogus asylum-seekers and infiltrated by terrorists, our jobs stolen, our benefit system abused, our way of life destroyed – or so we are told. Why are ever-rising numbers of people from poor countries arriving in Europe, North America and Australasia? Can we keep them out? Should we even be trying?

    Immigrants: Your Country Needs Them

After two years of hard work, my new think-tank, Open Political Economy Network (OPEN), has finally launched today with a ground-breaking new study by me on how refugees can contribute to the economy. The report is co-published with Hamdi Ulukaya’s Tent Foundation, whose mission is to help forcibly displaced people. A key finding, based on IMF figures, is that investing one euro in welcoming refugees can boost the economy by nearly two euros within five years.

“This is a truly excellent report which should be read by anyone wishing to be informed on the subject, and particularly by policymakers,” said Peter Sutherland, Special Representative of the United Nations Secretary-General for International Migration and Development.

Please check out OPEN’s new website, http://www.opennetwork.net/ , where you can download the report at http://www.opennetwork.net/refugeeswork/ and join OPEN’s mailing list. Follow OPEN on Twitter at@open2progress, join our Facebook group, and watch our fundraising video on Indiegogo’s Generosity.com at https://igg.me/at/SndP2xCxg1k  All the money raised will help to pay for a campaigns, social media and events organiser to publicise this study and OPEN’s future work.

Posted 20 May 2016 in Blog, Immigration, OPEN, Refugees

“It’s a pity that Theresa May has a chance to re-think immigration policy and she is falling back on a tried and tested failure,” I said, on Theresa May’s decision to keep the UK’s absurd net migration target, which she repeatedly missed during her six years as Home Secretary.

Read the piece here.

Posted 21 Apr 2017 in Blog, Britain, City AM, Immigration

Theresa May is likely to win the UK’s snap election on 8 June. A big parliamentary majority and not having to face voters again until 2022 could give her more flexibility in negotiating and implementing Brexit. But contrary to what she claims, that wouldn’t strengthen her negotiating position vis-a-vis the EU; if anything, it would weaken it.

With politics so unpredictable these days, there is also a risk that she will do less well than expected.

And May is taking a much bigger gamble with the survival of the UK. She can scarcely deny Scots a vote on independence before knowing the outcome of the Brexit negotiations, since she is now asking Britons to vote in similar circumstances. With many Scots leery of being dragged into a hard Brexit by a Conservative UK government in thrall to English nationalism, the (emotional) case for Scottish independence could be compelling, as I argue in my latest column for Project Syndicate.

Posted 20 Apr 2017 in Blog, Brexit, Britain, Politics, Scotland

I was interviewed about the French elections by Spanish newspaper La Razón. Read it here

Posted 14 Apr 2017 in Blog, France, La Razon, Politics

What future for post-Brexit Britain? My piece for Aspen Institute Italia

Posted 29 Mar 2017 in Blog, Brexit

Alexandros Moutzouridis interviewed me on the crisis in Greece and the future of Europe for To Choni newspaper. Read it here

Posted 26 Mar 2017 in Blog, Europe, Greece

Far-right populists pose a grave threat to Europe’s open liberal societies. Here’s how to defeat them. My column for Project Syndicate

Posted 25 Mar 2017 in Blog, Europe, Politics, Project Syndicate

Read here.

Posted 20 Mar 2017 in Blog, Brexit, Ireland, Irish Examiner

I have evidence to the House of Lords’ Economic Affairs committee on what a post-Brexit immigration system should look like. Watch it here.

My testimony was quoted in The Sun and the Express.

The BBC posted a clip of me explaining why immigration tends to boost GDP per capita.

Posted 23 Feb 2017 in BBC Online, Blog, Brexit, Britain, Immigration

I was interviewed by Michael Cottakis of the 1989 Generation Initiative for Euractiv

Posted 04 Feb 2017 in Blog, Euractiv, Europe, Politics

Refugees are a tiny proportion of the U.S. population — some 3.3 million have been admitted since 1975 — but they have had an outsized impact. Google co-founder Sergey Brin was a child refugee from the Soviet Union; Google’s parent company, Alphabet, is now America’s second-most valuable firm, with a market capitalization of $553 billion. WhatsApp co-founder Jan Koum and PayPal co-founder Max Levchin were refugees from Ukraine. The late Andy Grove, who helped start and was later CEO of Intel, fled from communist Hungary. So, too, did hedge-fund manager and philanthropist George Soros; Thomas Peterffy, the founder of Interactive Brokers Group; and Steven Udvar-Hazy, the founder of Air Lease Corp.

People originating from the seven countries on Trump’s blacklist already have contributed a lot to America. eBay was founded by an Iranian-American, Pierre Omidyar. Its market capitalization of $36.1 billion dwarfs the value of Trump’s unlisted business holdings, while Omidyar’s self-made $8.2 billion fortune is more than twice as big as Trump’s partly inherited one. Oracle Corp., a software giant worth $162.2 billion, was co-founded by the late Bob Miner, who was also Iranian-American. While the communities from the other countries are much smaller and generally more recent, one notable Somali-American is author and activist Ayaan Hirsi Ali, an outspoken critic of both Islamic extremism and Trump’s anti-Muslim policies.

Read my piece for Foreign Policy

My column for Brussels Times

Posted 02 Feb 2017 in Blog, Brussels Times, Europe, Trump

Theresa May has finally set out her Brexit negotiating objectives. While she belatedly recognised that curtailing free movement requires leaving the single market, she wasn’t honest about the implications of leaving the customs union and her two-year timetable for striking an exit and a trade deal is unrealistic. The chances of Britain leaving without a deal, let alone a “phased implementation” of it, have risen. Businesses should prepare for a very hard, chaotic, cliff-edge Brexit. My column for Project Syndicate

Posted 19 Jan 2017 in Blog, Brexit, Project Syndicate
Posted 26 Dec 2016 in Blog, Refugees, TEDx

My column for Project Syndicate

Posted 08 Dec 2016 in Blog, euro, Italy, Project Syndicate

My column for CapX

Posted 22 Nov 2016 in Blog, Britain, CapX, Immigration

A hard Brexit would be a disaster for Britain’s economy, especially in a more protectionist Trump world – and we are already all poorer due to the pound’s plunge.

My column for Prospect

Posted 18 Nov 2016 in Blog, Brexit, Prospect

My column for the Brussels Times

I was interviewed on Bloomberg’s What’d You Miss on 10 November about the harm that Trump’s protectionist trade policies could do – and what that would imply for a post-Brexit Britain.

Watch it here

Posted 10 Nov 2016 in Blog, Bloomberg, Trade, Trump

So much for the end of history. Twenty-seven years to the day after the fall of the Berlin Wall heralded the collapse of communism in Europe, Donald Trump’s election as US president endangers the liberal international order that his wiser, broader-minded predecessors crafted.

Trump’s “America First,” anti-“globalist” agenda threatens protectionist trade wars, a worldwide “clash of civilizations,” the peace in Europe and East Asia, and further violence in the Middle East. His nativist and authoritarian views also undermine the shared values, faith in liberal democracy, and assumption of benign American hegemony on which the rules-based international system depends. Already in relative decline, the United States is now poised for an angry retreat from the world.

Read my latest column for Project Syndicate.

I was interviewed on BBC World Service’s On Background by Zanny Minton Beddoes and James Harding about the future of globalisation on 28 October.

Listen here, from around 7 minutes in. Also available here

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Posted 28 Oct 2016 in BBC Online, Blog, Globalisation