Economics

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.

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.

A man looks at his phone near a giant image of the Chinese national flag on the side of a building in Beijing on Oct. 23, 2017.

China’s Record on Intellectual Property Rights Is Getting Better and Better

The country is making the transition from net importer of ideas to net innovator, and as it does, it is finding that good patent laws matter.

Scottish National Party Member of Parliament Ian Blackford joins celebrations marking five years since Scotland's independence referendum.

Scotland Could Leave the United Kingdom Over Brexit—and Green Energy

The debate over how to best marshal the country's alternative energy sources may affect a new independence referendum.

Indian school students form the Chinese characters for the name of Chinese President Xi Jinping.

The Leaders of the World’s Two Biggest Countries Meet—and Come Away With Little Progress

Flashy summits between Xi Jinping and Narendra Modi don’t achieve much because India has a weaker set of cards than China. To change the game, New Delhi needs to hew closer to Washington.

U.S. President Donald Trump speaks on Asian trade at the White House.

The Trade War Is Only Getting Worse

Any expectations that high-level U.S.-China talks this week could produce a grand bargain on trade have all but evaporated.

Mexican President Andrés Manuel López Obrador discusses Pemex.

Mexico Tries to Turn Back the Clock on Energy

Forget the energy opening: López Obrador works to restore the primacy of Pemex, the state-owned oil giant.

U.S. stock market indices plunged after weak manufacturing numbers and fears of a recession on Oct. 1.

Rumblings of Recession Get Louder

With U.S. manufacturing taking its worst hit since the Great Recession, signs of a global economic downturn are everywhere.

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