Economics

A photo proof from the Toronto Star archives of John Kenneth Galbraith 
on Dec. 29, 1972.

America Abandoned Its Economic Prophet. The World Embraced Him.

John Kenneth Galbraith was an intellectual celebrity 50 years ago—and it would be a mistake to ignore him today.

A dog sits in the window of a local convenience store in Beijing on Dec. 16.

The Pandemic Remade the Chinese Economy

Other countries should prepare now for their own reformations.

Chinese President Xi Jinping prior to a meeting at the Diaoyutai State Guesthouse in Beijing on June 21.

China Is an Economic Bully—and Weaker Than It Looks

The world doesn’t have to put up with Beijing’s attempts at economic coercion.

Sailors standing on the deck of a warship at a parade during the Turkish International Ceremony at Mehmetcik Abidesi Martyrs Memorial near Seddulbahir Turkey on April 24, 2015.

Turkey’s Year of Living Dangerously

Turkey took its expansionist vision to new heights in 2020—but with a battered economy, growing opposition, and now U.S. sanctions, it’s not clear how long that can continue.

A woman walks past a mural of iron ore miners in Algrange, France, on Feb. 14, 2017.

How to (Finally) Defeat Populism

Rust Belts exist around the world, and integrating them into the larger trans-Atlantic community is key to political stability.

Turkish President Recep Tayyip Erdogan delivers a speech against a background of banknote during the Annual Evaluation Meeting at the Bestepe National Congress and Culture Center in Ankara on Jan. 16.

Erdogan’s Economic Hail Mary Won’t Work

Turkey’s problem is the president himself; improvement won’t come until he leaves.

Indian Prime Minister Narendra Modi waits for the arrival of Nepalese Prime Minister K.P. Sharma Oli for a ceremonial reception at the Indian presidential house in New Delhi on April 7, 2018.

Why India Refused to Join the World’s Biggest Trading Bloc

New Delhi chose protectionism over the RCEP. History suggests it made the wrong call.

President Donald Trump walks with Jerome Powell at the White House in Washington on Nov. 2, 2017.

The West’s Constitutional Crises Threaten the Economy’s Last Best Hope

Central banks have kept their economies afloat this year—but political dysfunction is pushing them past the breaking point.

Ethiopian soldiers and thousands of mourners attend the official state funeral of Ethiopia's late prime minister, Meles Zenawi

Tigray’s War Against Ethiopia Isn’t About Autonomy. It’s About Economic Power.

Prime Minister Abiy Ahmed is fighting the country’s revanchist old regime, which is intent on recapturing the economic and political influence it once held.

Kenyan daily newspapers with the headlines “Donald Trump fired” and “Biden wins” in Nairobi on Nov. 8.

Biden’s Priority in Africa Should Be Debt Relief

More than other kinds of aid, to get out from under China’s thumb, the continent will need debt financing and private investment.

U.S. President Donald Trump’s name appears on a coronavirus economic assistance check in Washington, DC on April 29.

The United States Got the Pandemic Economic Response Right

It spent early and spent big—and is now poised to reap the rewards.

Joseph Biden speaks to the media as Executive Director of the Middle Class Task Force Jared Bernstein, Chair of the Council of Economic Advisors Christina Romer, Director of the National Economic Council Larry Summers, White House Budget Director Peter Orszag listen during a meeting on economy with the task force at the Roosevelt Room of the White House October 2, 2009 in Washington.

America’s Economy Is Fragile. So Is Biden’s Economic Team.

In today’s Democratic Party, inheriting Obama’s economic legacy may be a burden, not a benefit.

Federal Reserve Board Chairman Jerome Powell testifies during a Senate Banking Committee hearing on Capitol Hill on September 24, 2020 in Washington.

Welcome to the Worst Election Outcome for the Global Economy

Divided government could mean four years of financial instability and stagnation.

A man walks by a sign opposing debt repayments to the IMF during the coronavirus lockdown in Buenos Aires on May 22.

How to Fix Argentina’s Recurrent Debt Crises

Why President Fernandez is hoping for Joe Biden to win the U.S. election.

economists-election-coronavirus-keynes-foreign-policy-illustration

On Election Eve, Economists Struggle to Figure Out a World That’s Unraveled

Both Trump and Biden are winging it when it comes to economic theory—but so are economists, who have yet to get their theoretical house in order.

This photo taken on September 14, 2020 shows employees work on a car assembly line at a Dongfeng factory in Wuhan on Sept. 14.

China Has the V-Shaped Recovery of Which Trump Can Only Dream

But the structure of its comeback may create problems at home—and abroad.

Art for the Global Goals campaign at Liu Bolin Studio in Beijing on Aug. 28, 2015.

The World’s Sustainable Development Goals Aren’t Sustainable

There are big problems with the most important metric used to assess progress toward the U.N.'s environmental goals.

A demonstrator holds a U.S. dollar bill burned during a protest of the annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 30, 2010.

Global Capital Is the Tail That Wags the U.S. Economic Dog

Economists have long imagined that the free movement of capital around the world benefits the U.S. economy. It doesn’t.

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