The Quad is increasingly viewed as an important potential tool for delivering public goods in the Indo-Pacific and preventing China from achieving
The Climate Elephants in the Room
As tempting as it is to rely on multilateralism to solve a shared global problem like climate change, the world simply does not have the time
We Honor our Mothers
Debt and Dysfunction in America
The latest debt-ceiling drama playing out in Washington is more worrying than usual. Even if President Joe Biden and congressional Republicans
In the movie, Don’t Look Up, political dysfunction leads to the end of Earth. Will we see a similar trajectory with the debt ceiling?
The Global Climate System’s Himalayan Hotspot
As temperatures rise, the Himalayas are experiencing accelerated glacial melt, with dire consequences for water supplies and ecosystems far
The Beauty of Complexity
In looking for simple answers—or worse, easy villains to blame for what goes wrong—we all too often suppress the realities of complexity.
In Defense of Industrial Policy
At a time of rising geopolitical tensions and supply-chain fragmentation – when national-security considerations are shaping economic policy,
Washington’s New Narrative for the Global Economy
While the Biden administration’s economic agenda represents a welcome departure from past Democratic presidencies, its latest actions against
Farmers in the western United States argue that without access to relatively affordable water for cultivating feed-related crops such as alfalfa, the cost of beef and dairy products would increase. But why should the American public subsidize the production of beef and dairy products or the cultivation of rice in a desert?
The Overwhelming Case for CBDCs
‘Central Bank Digital Currencies (CBDC) offer monetary policy powerful countercyclical tools. Central banks would be foolish not to adopt
Neoliberalism’s Final Stronghold
As the world moves on from four decades of neoliberalism, the Economist remains faithful to the orthodoxy of Margaret Thatcher, Ronald Reagan,
Why Interest Rates Will Come Down
Although the ‘recency bias’ tempts our minds to assume today’s high interest rates are here to stay, the fundamentals of economics suggest
Xi of Arabia
After decades of heeding Deng Xiaoping’s advice to “hide its strength, bide its time, never take the lead,” China has apparently decided
In recent years, China has capitalized on the G7’s diminishing share of global GDP to proclaim the superiority of its one-party system over what it perceives as “decadent” liberal democracies. But China’s own actions show that the West still commands significant influence in shaping world affairs.
Why Ukraine Matters
Although Florida Governor Ron DeSantis has walked back recent remarks claiming that America has no important stake in the outcome of Russia’s
The Sino-Indian Rivalry Is Reshaping Asia
By standing up to Chinese territorial encroachments, India has openly challenged Xi Jinping’s expansionism in a way that no other world
China’s Abandoned Illusion of High Growth
China is moving away from growth for growth’s sake. Instead, the focus is on balanced growth and macroeconomic stability.
A BRICS Threat to the Dollar?
Chatter that the dollar is about to be displaced as the world’s primary reserve currency are misplaced. The issue is not so much the strength
The latest last-minute deal to raise the US debt limit does not solve the underlying political problem. On the contrary, with the country on track for a Biden-Trump rematch next year – a contest that Trump just might win – the truce is likely to be short-lived.