Economics

View of Tehran shops that were destroyed after nationwide demonstrations broke out in protest of fuel price hikes and led to widespread destruction of property, on Nov. 20.

Iran Protests Suggest Trump Sanctions Are Inflicting Serious Pain

The regime has survived uprisings in the past. But now it is starting to kill demonstrators in great numbers.

An Indian technician inspects components on an assembly line at Highly Electrical Appliances India Pvt. Ltd. outside of Ahmedabad on Dec. 8, 2016.

Modi Was Right. India Isn’t Ready for Free Trade.

Until the country can address its own economic problems, agreements like the RCEP may do more harm than good.

People take pictures during the opening ceremony for the Shanghai Stock Exchange's Sci-Tech Innovation Board in Shanghai on July 22, 2019.

If the United States Doesn’t Make The Rules, China Will

Progressives need to learn how to use American market power for good.

At least three barges and one ship, the Courier, ran aground after they broke free from their moorings during Hurricane Gustav in New Orleans on Sept. 2, 2008.

Climate Change Is Coming for Global Trade

As sea levels rise and storms become fiercer, container shipping could be in for major disruptions.

Japanese women dressed in kimonos take a ride on a roller coaster

Japan’s Topsy-Turvy Economy Is the United States’ Economic Future

The Japanese economy has been living in a fantasy world for decades, and the U.S. economy could soon be joining it there.

Shipping containers at the Port of Los Angeles, one of the main gateways for trade with Asia and which is suffering lower cargo volumes due to the trade war, on Nov. 7.

Does Trump Have a China Trade Deal Yet or What?

Sort of. If you can call it that. Pity about all the lost billions of dollars.

Saudi Crown Prince Mohammed bin Salman gestures during a press conference in Riyadh on April 25, 2016.

Mohammed bin Salman Is Having a Fire Sale of His Political Power

Saudi Arabia’s crown prince will take money from investors in the national oil company—but he’ll be giving up far more than he thinks.

Indian farmers burn an effigy of Prime Minister Narendra Modi, protesting plans to join the Regional Comprehensive Economic Partnership trade pact, on Sept. 15.

While Trump Builds Tariff Walls, Asia Bets on Free Trade

It’s crunch time for the biggest trade deal you’ve never heard of.

U.S. President Donald Trump holds up a "Trump Digs Coal" sign at a rally in West Virginia, one of the states hit by the coal industry's sharp decline, on Aug. 3, 2017.

Trump Can’t Save Coal Country

With eight bankruptcies in the last year—the latest this week—coal is in deep trouble again, and that could spell trouble for Trump in 2020.

A Boeing B-29 Superfortress flies over the National Mall during the Arsenal of Democracy, a World War II flyover for the 70th anniversary of V-E Day, in Washington on May 8, 2015.

Wall Street Was America’s First Foe in World War II

Breaking up monopolies was the first step in fighting Hitler.

Argentine President Mauricio Macri speaks during the second debate for presidential candidates in Buenos Aires on Oct. 20.

Mauricio Macri Was Bound for Disaster

Argentina’s president, who is widely expected to lose Sunday’s election, had no options to save the country’s economy that would have let him stay in power.

Federal Reserve Board Chairman Jerome Powell testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill on Feb. 27, 2018.

Beware SOFR

With the global economy slowing, the world has a new acronym to worry about.

Vice President Mike Pence delivers a speech on U.S.-China relations.

5 Takeaways From Mike Pence’s Hawkish China Speech 

The vice president lays out a wide-ranging critique of China at a critical moment for trade talks. 

U.S. President Donald Trump speaks about the U.S.-Mexico-Canada Agreement at an aerospace plant in Milwaukee on July 12.

Why Trump Still Can’t Get USMCA Through Congress

Ironically, the fight over impeachment could finally ease the way for NAFTA’s successor. But time is running out.

Esther Duflo and Abhijit Banerjee, who share a 2019 Nobel Memorial Prize in Economic Sciences with Michael Kremer, answer questions during a press conference at the Massachusetts Institute of Technology in Cambridge on Oct. 14.

Economics’ Biggest Success Story Is a Cautionary Tale

Field experiments now dominate development economics—often at the expense of the world’s poor.

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