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North Korean leader Kim Jong-un (c) orders the launch of the new intercontinental missile, a larger and better designed model that highlights the regime's armament advances, on November 28, 2017. Pyongyang showed on November 30, 2017, with the publication of 42 photographs, the new intercontinental ballistic missile (ICBM), the Hwasong-15 (Mars-15 in Korean), fired under the supervision of Kim Jong-un. EFE / Kcna

Having tested an intercontinental missile last Wednesday - the largest and most advanced model in its arms race - Pyongyang has released a video showing its military capability with pride.

[OP-ED]: The Art of the Bluff

 08/15/2017 - 15:13
Trump has made clear that the United States would respond to North Korean nuclear threats with a massive military strike, possibly involving nuclear weapons. EFE

How did we get here? Why does it appear that we’re on the brink of a war in Asia, one that could involve nuclear weapons? North Korea has had nuclear-weapons capacity for at least 10 years now. Have its recent advances been so dramatic and significant to force the United States to wage a preventive war? No. The crisis we now find ourselves in has been exaggerated and mishandled by the Trump administration to a degree that is deeply worrying and dangerous.

[OP-ED]: Why robots won’t steal all our jobs

 07/14/2017 - 08:43
En un mundo ideal, los robots realizarían la mayoría de los trabajos repetitivos y monótonos, mientras que la fuerza de trabajo mejor educada y mejor paga se concentraría en trabajos que no pueden ser realizados por máquinas. Archivo

Don’t worry, the robots won’t destroy all our jobs. History suggests just the opposite -- that new technologies inspire new jobs. So concludes a study from leading labor economists. It’s a useful antidote to widespread fears that robots and “artificial intelligence” will displace millions of workers and lead to permanently high joblessness.

[OP-ED]: Trump’s trade trap

 07/11/2017 - 15:30
Trump may believe that trade and environmental issues can be kept separate from geopolitical matters, such as North Korea’s nuclear program. On the contrary, history suggests that trade and geopolitics go hand in hand. EFE

Donald Trump’s foreign policy, such as it is, rests on a massive and apparently indestructible contradiction. Trump wants the United States to remain the “essential” nation, the best embodiment of Western ideals of freedom and democracy, while at the same time deliberately alienating many of our traditional “allies,” whose support the United States desperately needs. American leadership becomes difficult, if not impossible.

[OP-ED]: Postponing the next recession?

 06/30/2017 - 08:37
Economists from the Bank for International Settlements (BIS) in Basel, Switzerland -- a bank for government central banks -- find that the pass-through from wage increases to price increases has weakened. If this is confirmed and continues, it implies that inflation will remain tame for some time even if the economy continues to grow. EFE

This is not your father’s inflation -- and that’s good news. Business cycles often end when higher inflation causes a country’s central bank (the Federal Reserve in the United States) to raise interest rates, slowing the economy and, perhaps, triggering a recession. The good news: The next recession may be delayed, because the Phillips Curve has shifted.

[OP-ED]: Trump’s radical doctrine of retreat

 06/06/2017 - 16:54
Las consecuencias de la postura y de las acciones de Trump son difíciles de prever. Podrían resultar en el lento deterioro del orden internacional liberal. Podrían significar el auge de un orden nuevo y no tan liberal, promovido por China e India, ambos países mercantilistas y nacionalistas. EFE

We now have a Trump Doctrine, and it is, in its conception at least, the most radical departure from a bipartisan American foreign policy since 1945. In an op-ed for The Wall Street Journal, National Economic Council Director Gary Cohn and national security adviser H.R. McMaster explain that President Trump has “a clear-eyed outlook that the world is not a ‘global community’ but an arena where nations, nongovernmental actors and businesses engage and compete for advantage.”

[OP-ED]: Trump’s stock boom -- illusion or reality?

 04/25/2017 - 10:10
Stock valuations are tricky. With hindsight, the market can stay above or below levels reflecting economic fundamentals for long stretches. Whatever the case today, stocks are nowhere near the absurd heights of the “tech bubble” at the turn of the century. EFE

The last thing President Trump now needs is for the stock market to go south on him. After all, he’s got worries aplenty: abroad, North Korea, Syria, Russia and Brexit; at home, the stalled effort to repeal Obamacare; and uncertainty surrounding “tax reform.” Compared with this tapestry of troubles, the stock market has been a splendid blessing.

Plain Text Author: 
Robert J. Samuelson

[OP-ED]: Retreat at Mar-a-Lago: Passing the baton to China

 03/22/2017 - 08:31
El primer ministro chino dijo que China está comprometida con la apertura de su economía, aunque el proceso se llevará a cabo gradualmente.

We do not yet have the official agenda for next month’s meeting at Mar-a-Lago between Donald Trump and Chinese President Xi Jinping. But after 75 years of American leadership on the world stage, we might be watching the beginning of a handover of power from the United States to China.

Plain Text Author: 
Fareed Zakaria