“Both sides would incur massive losses in blood and treasure if their rivalry intensifies untempered by any sense of shared interests, and leads to war. Ditto the rest of the world,” Rajan Menon of the Saltzman Institute writes.

With Russia advancing more than 100,000 soldiers to its border with Ukraine in recent weeks, Ian Bremmer writes on Russia's goal and the reactions it evoked.

“While critics are right that pay-to-pollute strategies have no place in a net-zero world, some offsets could still have a positive – if temporary – role to play,” Geoffrey Heal writes.

Takatoshi Ito evaluates the economic policy program of Japan's new prime minister Fumio Kishida.

The panel took place with the participation of Dean Merit Janow.

Christina Theodoridi MPA-ESP '18 writes about the Environmental Protection Agency's proposal to speed the transition away from super-pollutant hydrofluorocarbons in refrigeration, air conditioners, heat pumps, insulation and aerosols.

Willem Buiter says that economic forecasting is trickier now: "We have information, even if it is sometimes difficult to interpret. You just have to be more careful interpreting it because the normal cyclical patterns are up in the air, as indeed is our understanding of economic trends."

ASEAN countries will find themselves in a difficult and uncomfortable position if the US takes policy actions that force them to make a choice, says Dean Merit Janow. She suggests that the digital economy might be a possible area for cooperation, noting that many countries are still trying to come up with regulatory systems and are only starting to think about issues of privacy and cyber security.

Joel Moser discusses what Biden's Infrastructure Bill means for the United States.