Can Macron Redraw the Political Map?

Kemal Derviş and Caroline Conroy

Many commentators have described Emmanuel Macron’s victory in the French presidential election as a triumph for the center right, because he received votes that otherwise would have gone to the scandal-plagued mainstream conservative candidate, François Fillon.

But this electoral dynamic does not capture the meaning of Macron’s victory. It would be more accurate to say that Macron cut through traditional party divides and stood as a candidate for those who believe that, with proper management and new technologies, European integration and the forces of globalization can deliver widely shared benefits. By contrast, most of Macron’s opponents simply stoked fears about today’s economic realities. Continue reading

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UNESCO World Press Freedom Day May 3, 2016

The next social contract

– Kemal Derviş
Kemal Derviş, former Minister of Economic Affairs of Turkey and former Administrator for the United Nations Development Program (UNDP), is Vice President of the Brookings Institution.

PARIS – Around the world nowadays, persistent unemployment, skill mismatches, and retirement frameworks have become central to fiscal policy – and to the often-fierce political debates that surround it. The advanced countries are facing an immediate “aging” problem, but most of the emerging economies are also in the midst of a demographic transition that will result in an age structure similar to that of the advanced economies – that is, an inverted pyramid – in just two or three decades. Indeed, China will get there much sooner. Continue reading