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.

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.

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.

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.

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Why Socialism Won’t Work

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

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.

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Books in Brief

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

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.

NATO Secretary General Jens Stoltenberg chairs the NAC-ICI meeting of NATO member states.

The World Didn’t Change Much in 2019. That’s Bad News for 2020.

Several important events occurred this year, but few did anything to significantly alter global trends.

Turkish-backed Syrian fighters evacuate a wounded comrade near the Syrian border.

Our Top Stories of 2019

From turmoil in northeastern Syria to censorship in China, here are the stories that caught our readers’ attention this year.

U.K. Prime Minister Boris Johnson

Triumphant Boris Johnson Bucks Pressure to Draw Out Brexit

But by rushing to meet his December 2020 deadline, the British prime minister makes it that much harder to get a good deal.

U.S. President Donald Trump, pictured here on Dec. 12, has averted a further escalation of the trade war with China by giving way on some tariffs, but he has yet to tackle any of the underlying irritants in the trade relationship.

The Good, the Bad, and the Ugly: Three Takeaways From the Would-Be U.S.-China Trade Deal

At least the United States will avoid more tariffs, but if the deal actually happens it will skirt the real issues and have little to do with Trump’s campaign promises.

Top Democrats, including House Speaker Nancy Pelosi and Ways and Means Committee Chairman Richard Neal,

Democrats Give Trump a Trade Victory—Even as They Impeach Him

Eager to be seen as doing more than taking down the president, Speaker Pelosi readies a “yes” vote on USMCA.

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