The Economist – May 20, 2023 issue:
Joe Biden’s global vision is too timid and pessimistic
The president underestimates America’s strengths and misunderstands how it acquired them
In the 1940s and early 1950s America built a new world order out of the chaos of war. For all its shortcomings, it kept the peace between superpowers and underpinned decades of growth that lifted billions out of poverty. Today that order, based on global rules, free markets and an American promise to uphold both, is fraying. Toxic partisanship at home has corroded confidence in America’s government.
China and the West take a step to ease Africa’s debt crisis
A deal for Ghana is the first test case for a new approach
Ghana made history when it led the wave of sub-Saharan African countries that won independence more than six decades ago. It may now be making history again, as the first test case for a new approach to debt relief. China and Western governments may have overcome one barrier to restructuring the billions of dollars owed by countries with unsustainable debts.