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Kemal Dervis

For Kemal Dervis's latest contributions to The Japan Times, see below:

Commentary / World May 21, 2012

Rebalancing eurozone wages and productivity

The eurozone crisis unfolded primarily as a sovereign-debt crisis mostly on its southern periphery, with interest rates on sovereign bonds at times reaching 6 to 7 percent for Italy and Spain, and even higher for other countries. And because eurozone banks hold a substantial ...

Commentary / World Jan 20, 2009

Coordinate a global stimulus for this crisis

GENEVA — As recession spreads around the world, the global production networks that arose with the globalization of the world economy have become sources of cutbacks and job losses. Postponing purchases of new winter coats in the United States means job losses in Poland ...

Commentary / World Dec 3, 2007

Main challenge is how to price carbon

NEW YORK — Imagine that a huge asteroid is hurtling toward Earth. Scientists tell us that there is a 10 percent chance of a collision in 10 years and the consequences of its impact will be catastrophic. Your government advises you not to panic ...