LONDON—For decades, global development efforts reflected the assumption that international cooperation, however imperfect, was ultimately guided by a shared commitment to helping poorer countries prosper. That era is over. We have entered a multipolar age, defined by strategic rivalry, contested norms, and a level of volatility that makes long‑term planning extraordinarily challenging.

Michael M. Santiago/Getty Images Economics 0 Is a Perfect Financial Storm Gathering? Agustín Carstens, et al. see a confluence of three forces that could ultimately pose a systemic risk to global financial stability.

Is a Perfect Financial Storm Gathering?

Cheng Xin/Getty Images Longer Reads 0 The Origins and Fate of Digital Sovereignty Robin Rivaton Talent, capital, and large markets are not enough to create globally dominant digital champions. As the experience of China, India, Brazil, and Russia shows, domestic firms need time and space to grow before network effects lock in foreign incumbents. explains why, contrary to economic orthodoxy, open markets consistently fail to produce homegrown tech giants.

The Origins and Fate of Digital Sovereignty

Talent, capital, and large markets are not enough to create globally dominant digital champions. As the experience of China, India, Brazil, and Russia shows, domestic firms need time and space to grow before network effects lock in foreign incumbents.

Samuel Boivin/NurPhoto via Getty Images Innovation 0 The Global AI Threat Has Arrived S. Alex Yang & Angela Huyue Zhang The ability of Anthropic’s new AI model, Claude Mythos Preview, to find vulnerabilities across major operating systems and web browsers has dangerous implications for today’s highly interconnected world. Instead of merely securing........

© Project Syndicate