Economics

Businesspeople and shoppers walk along Madison Avenue in New York City on Nov. 1, 2011.

The Left and Right Are Wrong About Inequality

The problem isn’t trade or corporations—it’s the monopolization by professional groups of high-profit services.

Chinese Vice Premier Liu He and U.S. President Donald Trump display the signed “phase one” trade agreement at the White House on Jan. 15.

5 Takeaways From Trump’s New China Trade Pact

The agreement may help him get reelected, but it’s only a truce, not a free trade deal.

Children learn how to use an insecticide-treated net to prevent malaria exposure in South Sudan on April 2, 2009.

How to Reverse the World’s Trust Deficit Disorder

Public-private partnerships can solve the planet’s most vexing problems—but they need to focus on systemic change rather than single issues to succeed.

U.K. Prime Minister Boris Johnson and Jean-Claude Juncker, then-president of the European Commission, in Brussels on Oct. 17, 2019.

Avoiding Autarky

For some nations, trade and cooperation are becoming less attractive. But the world needs more coordination, not less.

A BMW employee works at the new BMW car production plant in San Luis Potosi, Mexico, on June 6, 2019.

NAFTA’s Replacement Gives Labor Some Shelter From Globalization’s Storms

The United States-Mexico-Canada Agreement sets new standards for workers — but can’t stand alone.

Dan Saelinger illustration for Foreign Policy

Can Social Democrats Save the World (Again)?

Communism and democratic socialism won’t heal today’s political divisions. But social democracy—which helped ward off extremism following World War II—could.

socialism-why-it-wont-work-allison-schraeger-daniel-brokstad-illustration-foreign-policy-article

Why Socialism Won’t Work

Capitalism is still the best way to handle risk and boost innovation and productivity.

Wall Street Bull

Americans Are Investing More in China—and They Don’t Even Know It

A modest trade deal can’t mask major problems between Washington and Beijing. But despite those tensions, Americans are unwittingly increasing their exposure to Chinese stocks and bonds.

books-in-brief-lead-010820

Books in Brief

Vaclav Smil’s encyclopedia on growth and new releases on economics in hard times and diplomacy in war zones.

A World Trade Organization sign is seen at WTO headquarters in Geneva on Sept. 21, 2018.

Trump’s Real Trade War Is Being Waged on the WTO

By undermining the organization’s dispute resolution body, the administration is undoing decades of rules-based economic cooperation—to the United States’ own peril.

Workers assemble Porsche 911 cars at the Zuffenhausen Porsche production plant in Stuttgart, Germany, on March 10, 2015.

Europe’s Green Deal Could Open a New Front in the Trade War

Economic tensions with China may be soothed, but in 2020, Trump will have other trade concerns to worry about.

U.S. President Donald Trump makes a statement on Iran at the Mar-a-Lago estate.

What Explains Trump Pulling the Trigger on Suleimani? It’s the Economics, Stupid.

With the United States now a net exporter of oil, and with Iran’s economy battling historic levels of inflation, Trump held a more favorable set of cards than his predecessors did.

A storm hits Southern California

The Global Economy 2020: A Positive Outlook Shadowed by China, Debt, and Trade Tensions

Experts expect growth to rebound, but many of their projections are built on shaky foundations.

Load 10 More Articles