Between new wars, the return of nuclear brinkmanship, and threats to the US dollar, there is good reason to worry about the future of global
Theme of the Week
China’s Great Leap Backward
‘President Xi prioritizes political control over growth. He is getting his way, for better or worse’.
Pandemic Preparedness Cannot Wait
As multilateral institutions debate how to mitigate future disease outbreaks, we can take practical steps to improve upon the innovative mechanisms,
The Promise and Peril of Decarbonization
To achieve a just transition to renewables, the international community must enable emerging and developing economies to make the necessary
The Green Growth Mindset
Heated academic debates between proponents and opponents of traditional economic growth under capitalism might make for good television, but
The New World Disorder
The conspicuous absence of leaders such as Chinese President Xi Jinping and Indian Prime Minister Narendra Modi from the 78th session of the
A Tragedy Is Unfolding in the Poorest Countries
The world’s 28 poorest countries are facing growing social, economic, and political distress, owing to rising debt burdens, diminishing
The Global Economy’s Real Enemy is Geopolitics, Not Protectionism
What some decry as protectionism and mercantilism is really a rebalancing toward addressing important national issues. The biggest risk to
China Must Avoid a Debt-Deflation Spiral
With high debt levels and falling consumer and producer prices, China faces the prospect of a vicious cycle whereby lower demand leads to
Landing in Fog
The Fed is flying through a fog of conflicting data, trying to soft land the economy. Rarely has visibility been this poor. The glide path
Why Is US Inflation Falling?
“Economists are much maligned for the bad forecasts. That criticism doesn’t hold up when it comes to falling US inflation.” However
China’s Recent Economic Woes Suggest There is Something Seriously Amiss
China’s economy is disappointing. Longstanding challenges related to a misallocation of resources and poor governance are at root.
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,
What to Do About Radical Uncertainty
A longstanding belief in the predictability of market behavior and outcomes has created plenty of fodder for academic theorizing in economics.
The Comeback of Industrial Policy: Bidenomics and the Global System
Industrial policy is not always wrong and sometimes it is very right. Now is one of those times. Even Adam Smith might agree.
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
We Celebrate Struggle
On July 4 Americans celebrate their independence and freedom. But they also celebrate the permanent struggle to form a more perfect
Strengthening the Global Balance Sheet
The latest last-minute deal to raise the US debt limit does not solve the underlying political problem. On the contrary, with the country
The US Debt Ceiling Debacle Is Not Over
The latest last-minute deal to raise the US debt limit does not solve the underlying political problem. On the contrary, with the country
The Quad’s Big Moment
The Quad is increasingly viewed as an important potential tool for delivering public goods in the Indo-Pacific and preventing China from achieving
We Honor our Mothers
Mother’s Day is celebrated in more than 50 countries around the world, and for good reason. We honor our mothers in prose and verse. By
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
A Bank Murder Mystery
The primary lesson learned from recent banking stress is that banks are fundamentally risky ventures. Regulation must be improved and strengthened.
In Defense of Nature-Based Carbon Markets
Though carbon-offset schemes are riddled with complexity, there is no question that they pay for something that matters. Far from being a