Just exactly what kind of problem is ‘democratic backsliding? Is it a truly global phenomenon, and what is causing it? Where does correlation end and causation begin? In a recent working paper, Tom Carothers and Benjamin Press of the Carnegie Endowment for International Peace ask the right questions, and settle on the vital role of ‘countervailing institutions’ – the checks
From the Bank of England to the People’s Bank of China, monetary authorities of the world’s largest economies are gauging how climate change could rock the financial system. Though long committed to being “market neutral,” some are even starting to push greener investments.