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The Roaring 20S? Towards a New Era of Innovation The roaring 20s? Towards a new era of innovation JANUARY 16TH–22ND 2021 The reckoning DOWNLOAD CSS Notes, Books, MCQs, Magazines www.thecsspoint.com Download CSS Notes Download CSS Books Download CSS Magazines Download CSS MCQs Download CSS Past Papers The CSS Point, Pakistan’s The Best Online FREE Web source for All CSS Aspirants. Email: [email protected] BUY CSS / PMS / NTS & GENERAL KNOWLEDGE BOOKS ONLINE CASH ON DELIVERY ALL OVER PAKISTAN Visit Now: WWW.CSSBOOKS.NET For Oder & Inquiry Call/SMS/WhatsApp 0333 6042057 – 0726 540141 PPSC Model Papers 79th Edition (Latest & Updated) By Imtiaz Shahid Advanced Publishers For Order Call/WhatsApp 03336042057 - 0726540141 CSS Solved Compulsory MCQs From 2000 to 2020 Latest & Updated Order Now Call/SMS 03336042057 - 0726540141 Contents The Economist January 16th 2021 3 The world this week United States 5 A summary of political 17 The final chapter and business news 18 Social media and speech 19 Murder rates surge Leaders 20 Minor-league baseball 7 Impeachment The reckoning 21 The Texas legislature 22 Lexington The conscience 8 Innovation The roaring 20s? of some conservatives 9 Social media The Americas The sound of silence 23 Biden and Latin America 9 Governing India Reaping what you sow 24 Ford leaves Brazil On the cover 10 Waste in low-Earth orbit New brooms needed The right and the wrong ways to hold Donald Trump to Letters account: leader, page 7. On Brexit, inflation, girls, Congress has impeached the 12 content analysis, the Asia president for his incitement of Dutch royal family, rats, 25 Indonesia’s royal revival the storming of Capitol Hill. Republicans What happens next? Page 17. 26 Child abuse in the The Republican Party launches Philippines an overdue civil war: Briefing 28 Kyrgyzstan’s election Lexington, page 22. Political 14 The economics of 29 India’s farm reforms theorists have been worrying government R&D 29 Gaming in Afghanistan about mob rule for two Molecules, missions thousand years, page 46 and money 30 Banyan Taiwan and America • Innovation Pessimism about technological change is giving China way to hope—much of it justified: leader, page 8. 31 Killing rural democracy Economists are convinced that 32 Defiance in Hong Kong governments can increase 33 Chaguan Covid-19 stigma economic growth by spending more on research and development. Are they right? Briefing, page 14. Companies will emerge from the pandemic Middle East & Africa recession more highly automated, page 48 and Free 34 Gulf jabs, made in China exchange, page 61. Reviving the 35 A Saudi city with no cars Apollo spirit, page 69 36 Uganda’s election 37 Animating Africa Banyan Have departing American officials left a booby trap for Taiwan as We are working hard to well as Joe Biden? Page 30 ensure that there is no dis- ruption to print copies of The Economist as a result of the coronavirus. But if you have digital access as part of your subscription, then acti- vating it will ensure that you can always read the digital version of the newspaper as well as all of our daily jour- nalism. To do so, visit economist.com/activate 1 Contents continues overleaf 4 Contents The Economist January 16th 2021 Europe Finance & economics 38 Race in France 56 The impact of lockdowns 39 A political crisis in Italy 57 Surging commodities 40 Germany’s Christian 58 Buttonwood Options Democrats pick a leader trading 41 Covid-19 in Turkey 59 Emerging-market stocks 41 Greenland’s economy 59 Brazil’s new investors 42 Charlemagne 60 The Big Mac index Cyberpunked 61 Free exchange Robots and jobs Britain 43 The pressure on hospitals Science & technology 44 Rolling out the vaccine 63 Cleaning up space 45 Bagehot Trump and the 64 Satellites made of wood Tories 65 Hitchhiking viruses 66 New drugs for covid-19 66 Thieving monkeys International 46 Democracy and the mob Books & arts 67 Mikhail Gorbachev 69 A novel of the “dirty war” 69 Innovation and the state 70 Johnson The language of incitement Business 48 A robot revolution Economic & financial indicators 49 A chill in China Inc 72 Statistics on 42 economies 50 Pre-emptive antitrust 50 Electronic cars Graphic detail 51 Bartleby Covid-19 routines 73 Eating a bit of meat may have improved Japanese longevity 52 Post-Trump social media Obituary 52 TikTok’s other rival 74 Brian Urquhart, godfather of UN peacekeeping 54 Brand lessons from Rizla 55 Schumpeter Refashioning Zara Volume 438 Number 9228 Published since September 1843 Subscription service to take part in “a severe contest between For our full range of subscription offers, including The best way to contact our Customer Service Please intelligence, which presses forward, digital only or print and digital bundled, visit: team is via phone or live chat. You can contact us and an unworthy, timid ignorance Economist.com/offers on the below numbers; please check our website obstructing our progress.” for up to date opening hours. If you are experiencing problems when trying to Editorial offices in London and also: subscribe, please visit our Help pages at: PEFC certified Amsterdam, Beijing, Berlin, Brussels, Chicago, www.economist.com/help for troubleshooting North America: +1 800 456 6086 This copy of The Economist Dakar, Dallas, Dubai, Johannesburg, Madrid, advice. Latin America & Mexico: +1 636 449 5702 is printed on paper sourced Mexico City, Moscow, Mumbai, New Delhi, New from sustainably managed York, Paris, San Francisco, São Paulo, Seoul, forests certified to PEFC Shanghai, Singapore, Tokyo, Washington DC PEFC/29-31-58 www.pefc.org © 2021The Economist Newspaper Limited. All rights reserved. Neither this publication nor any part of it may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of The Economist Newspaper Limited. The Economist (ISSN 0013-0613) is published every week, except for a year-end double issue, by The Economist Newspaper Limited, 750 3rd Avenue, 5th Floor New York, NY 10017. The Economist is a registered trademark of The Economist Newspaper Limited. Periodicals postage paid at New York, NY and additional mailing offices. Postmaster: Send address changes to The Economist, P.O. Box 46978, St. Louis, MO 63146-6978, USA. Canada Post publications mail (Canadian distribution) sales agreement no. 40012331. Return undeliverable Canadian addresses to The Economist, PO Box 7258 STN A, Toronto, ON M5W 1X9. GST R123236267. Printed by Quad/Graphics, Hartford, WI. 53027 The world this week Politics The Economist January 16th 2021 5 last arrived in China to in- claim, which some saw as an vestigate the origins of the effort to sabotage Mr Biden’s Coronavirus briefs pandemic, after China delayed outreach to Iran. Meanwhile, To 6am GMT January 14th 2021 their entry because of a “mis- Israel bombed Iranian-backed Weekly confirmed deaths by area, ’000 understanding” about visas. militia bases in Syria. 30 The team’s first two weeks will Western be spent in quarantine. Kuwait’s cabinet, less than a Europe Other 20 month old, resigned amid a mp US A South Korean court ruled stand-off with parliament. s 10 that the government of Japan claimed the ministers were Latin should pay compensation to 12 “not reflective” of recent elec- America 0 women forced to work as sex tion results. The feud has 2020 2021 Protected by National Guard slaves for Japanese soldiers hindered efforts to tackle a Vaccinations troops, the House of Repre- during the second world war. fiscal crisis caused by low oil Total This week Per 100 sentatives voted to impeach Japan maintains that several prices and covid-19. It is the ’000 ’000 people Donald Trump for inciting the agreements have already set- first big test for Emir Sheikh Israel 1,991 602 23.00 recent mob attack on Congress, tled all such claims. Nawaf al-Ahmed al-Sabah, who UAE 1,395 367 14.10 the first time that an American took over in September. Bahrain 98 23 5.75 president has been impeached Abu Bakar Basyir, the spiritual Britain 3,068 1,151 4.52 United States 10,278 3,790 3.11 twice. It is uncertain if and leader of Jemaah Islamiyah, a Uganda cut off access to social Denmark 118 65 2.04 when the Senate will hold an jihadist group that carried out media ahead of an election Italy 801 469 1.32 impeachment trial. Mean- deadly bombings in Indone- scheduled for January 14th. Spain 582 339 1.24 while, the fbi has reportedly sia, was released from prison Opposition candidates have Slovenia 24 16 1.18 warned officials of further after serving ten years of a been shot at, arrested and Canada 388 176 1.03 armed protests ahead of Joe 15-year sentence for setting up intimidated by the govern- Sources: Johns Hopkins University CSSE; Biden’s inauguration on Janu- a training camp for terrorists. ment of Yoweri Museveni, who Our World in Data; The Economist ary 20th. Pro-Trump demon- has been president for 35 years. strations are apparently being Sadyr Japarov, a convict freed New variants of the disease planned for all 50 state capitals from prison by supporters in Ethiopian government forces that are more infectious than as well as Washington, dc. October, was elected president claimed to have killed several the original strain were re- of Kyrgyzstan. leading members of the ported in Brazil and Ohio. Mr Biden nominated William Tigrayan People’s Liberation Burns to head the cia. Mr American prosecutors claimed Front, the ousted ruling party Two cabinet ministers in Burns is a career diplomat who that Honduras’s president, of the northern region of Malawi died after contracting has been an ambassador to Juan Orlando Hernández, Tigray.
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