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Niall Ferguson

Niall Ferguson

Member of the Board, Belfer Center for Science and International Affairs

 

 

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December 28, 2009

"The Decade the World Tilted East"

Op-Ed, Financial Times

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs

"The question I wanted to pose was not especially original, but increasingly it seems to be the most interesting question a historian of the modern era can address. Just why, beginning in around 1500, did the less populous and apparently backward west of the Eurasian landmass come to dominate the rest of the world, including the more populous and more sophisticated societies of eastern Eurasia?"

 

AP Images

February 21, 2014

"Niall Ferguson: America's Global Retreat"

Op-Ed, Wall Street Journal

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs

Never mind the Fed's taper, it's the U.S. geopolitical taper that is stirring world anxiety. From Ukraine to Syria to the Pacific, a hands-off foreign policy invites more trouble.

 

 

October 15, 2012

"What Biden Doesn't Want You to Know"

Op-Ed, The Daily Beast

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs

"Current veep Joe Biden certainly sought to play last Thursday’s vice-presidential debate for laughs. Embarrassingly for Democrats, the laughs were mainly his own. Guffawing, chortling—all but slapping his thighs and wiping away the tears—Biden might equally well have been arguing about the relative merits of whiskey and poteen in a hostelry with a name like 'The Shamrock'" writes Niall Ferguson.

 

 

AP Photo

January/February 2010

"What 'Chimerica' Hath Wrought"

Magazine or Newspaper Article, American Interest

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs

"For a time, [Chimerica] was a symbiotic relationship that seemed like a marriage made in heaven. Put simply, one half did the saving, the other half the spending. Comparing net national savings as a proportion of Gross National Income, American savings declined from above 5 percent in the mid 1990s to virtually zero by 2005, while Chinese savings surged from below 30 percent to nearly 45 percent. This divergence in saving patterns allowed a tremendous explosion of debt in the United States, for one effect of the Asian "savings glut" was to make it much cheaper for households to borrow money than would otherwise have been the case."

 

 

December 28, 2009

"The Decade the World Tilted East"

Op-Ed, Financial Times

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs

"The question I wanted to pose was not especially original, but increasingly it seems to be the most interesting question a historian of the modern era can address. Just why, beginning in around 1500, did the less populous and apparently backward west of the Eurasian landmass come to dominate the rest of the world, including the more populous and more sophisticated societies of eastern Eurasia?"

 

AP Images

February 21, 2014

"Niall Ferguson: America's Global Retreat"

Op-Ed, Wall Street Journal

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs

Never mind the Fed's taper, it's the U.S. geopolitical taper that is stirring world anxiety. From Ukraine to Syria to the Pacific, a hands-off foreign policy invites more trouble.

 

 

AP Photo

February 11, 2010

"A Greek Crisis is Coming to America"

Op-Ed, Financial Times

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs

"...[T]he idiosyncrasies of the eurozone should not distract us from the general nature of the fiscal crisis that is now afflicting most western economies. Call it the fractal geometry of debt: the problem is essentially the same from Iceland to Ireland to Britain to the US. It just comes in widely differing sizes."

 

 

AP Photo

January/February 2010

"What 'Chimerica' Hath Wrought"

Magazine or Newspaper Article, American Interest

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs

"For a time, [Chimerica] was a symbiotic relationship that seemed like a marriage made in heaven. Put simply, one half did the saving, the other half the spending. Comparing net national savings as a proportion of Gross National Income, American savings declined from above 5 percent in the mid 1990s to virtually zero by 2005, while Chinese savings surged from below 30 percent to nearly 45 percent. This divergence in saving patterns allowed a tremendous explosion of debt in the United States, for one effect of the Asian "savings glut" was to make it much cheaper for households to borrow money than would otherwise have been the case."

 

 

AP Photo

November 16, 2009

"The Great Wallop"

Op-Ed, New York Times

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs and Moritz Schularick

"A few years ago we came up with the term "Chimerica" to describe the combination of the Chinese and American economies, which together had become the key driver of the global economy," says Niall Ferguson member of the Belfer Center's board of directors. "Correcting the economic imbalance between the United States and China - the dissolution of Chimerica - is now indispensable if equilibrium is to be restored to the world economy."

 

iStock Photo

July 14, 2008

"China’s War on Nature"

Op-Ed, Financial Times

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs

Niall Ferguson analyzes China's ability to use the 2008 Beijing Olympics as a way to peacefully gain power in international politics.

 

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