Neither the breakdown of multilateralism nor the rise of the digital economy has made international trade and its central governing body any less important. An open, transparent, rules-based trading system remains crucial for driving economic development and addressing global problems like climate change. Read More Here
US ‘friendshoring’ and Chips 4 alliance may or may not lure region’s semiconductor heavies to Washington’s side. Read More Here
Just as a fixation on core inflation can mislead central banks, as it has done with the US Federal Reserve, the power of a “core leader” like China’s Xi Jinping is a recipe for misdirected and ultimately unsustainable policy regimes. Read More Here
The growing geopolitical and economic split between the United States and China should prompt a paradigm shift in economic thinking. In particular, economists will need to reconsider their approach to topics such as comparative advantage, market integration, and how to promote convergence. Read More Here
Jackson Hole is a meeting of central bankers and economists. But in making his stand, Powell invoked neither economic theory nor econometrics. Instead, he summoned history. Read More Here
A succession of shocks over the past decade and a half have significantly reversed the dominant international economic trend of the post-Cold War era. Read More Here
The 2008 global financial crisis, the COVID-19 pandemic, and Russia’s invasion of Ukraine have dimmed China’s economic prospects while brightening India’s. But, to minimize their risks and maximize their opportunities, both countries will need to reassess their current domestic policies and governance. Read More Here
People and economies will prosper if policymakers help women combine career and family. Read More Here
As financial conditions tighten, even countries that had seemed on track to prosperity and stability now stare into the abyss of debt distress, fragility and uncertainty about the future. Both aid and trade have key roles to play in reversing the impacts of this quadruple shock and putting the world back on track. Read More […]
As Russia plays hardball with Europe’s gas supply, the continent is staring down a worrisome energy future—and it’s not alone. Read More Here
looking beyond borders 