Arguments between free market orthodoxy and intervention obscure the need for powerful economic leadership.
Imagining a Keynesian Revival
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Is Japan-style Deflation Coming to China?
China’s economy suffers from excesses in real estate, slowing GDP growth and deflation. Those trends will be difficult to reverse. China’s
The Populist Advantage
“Disenchantment with free markets, liberalization and globalization has opened the door to populist, simplistic ’solutions’. They
AI and the Productivity Imperative
As it stands, the global economic outlook for the next decade appears grim. But a broad-based surge in productivity – fueled by the targeted
The Right Way to Intervene in Clean Tech
Energy markets have clearly failed to accelerate the deployment of renewables. But as the pendulum swings in the direction of state intervention,
Protecting the World’s Forests Means Protecting Indigenous Rights
Indigenous peoples have proven to be the best protectors of our world’s natural resources. But their lands and traditional ways of life
America’s Higher-Education Financing Challenge
The Biden administration’s plan to expand income-driven repayment options for student loans is a step in the right direction. But to
Unlike China, India Cannot Be an Economic Superpower
Beginning in the mid-1980s, the prevailing belief among Indian and international observers was that the authoritarian Chinese regime would
Finding Growth in a Fractured World
The Chinese economy’s current travails illustrate the growth challenges facing many other countries around the world. By re-engineering
Why Is America Undercutting Japan?
At a time when the United States is asking its allies to help it counter China, its wasteful, inefficient industrial policies are making it
Currency, Conflict, and Global Order
A more divided world does not imply the demise of the dollar’s central role in the global economic and financial system.
Winning the Fight for Women’s Land Rights
Gender inequality has prevented female agricultural workers in numerous countries from owning and inheriting the land that they cultivate.
The Long Reach of China’s Demographic Destiny
Although China is on the verge of escaping the dreaded “middle-income trap,” it is aging fast and facing significant economic
Focus on Productivity, Not Technology
Scientific and technological innovation may be necessary for the productivity growth that enriches societies, but it is not sufficient. Without
India and the Global Balance of Power
Great power politics now include India. But will India tip the balance?
Flexible Exchange Rates and Emerging Markets
Starting in the 1990s – and faster since 2000 – emerging-market economies floated their currencies, hoping to insulate themselves from
Has Putin Lost Russia?
Vladimir Putin’s greatest nightmare has come true, with Russia having been brought to the brink of civil war. Even if a massacre of the
America’s Mythical Fiscal Conservatives
The United States’ debt-to-GDP ratio, which improved during the inflationary spike of 2021-22, is expected to increase as inflation cools
What the Paris Finance Summit Must Do
Western countries must join the effort to transform multilateral financial institutions, even if it means ceding some of their own influence
How to Think About Climate-Tech Solutions
To think that technology will save us from climate change is to invite riskier behavior, or moral hazard. Whether a climate solution creates
Russia’s New Rasputin
The chief of the feared Wagner Group, Yevgeny Prigozhin, has been attacking Russia’s top military brass and warning that ordinary Russians,
Climate Science Beats Climate Fatalism
Preventing global warming by 1.5 degrees Celsius may seem impossible, but science shows it is feasible. It is also imperative.
Revisiting the Behavioral Revolution in Economics
Behavioral science has upended economics, but has not yet sufficiently changed it.
The Myth of Western Decline
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