Economics

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.

A commuter crosses a road by London Bridge in London on Sept. 15.

Brexit Is a Distraction from the United Kingdom’s Real Economic Woes

To rebuild its position as a powerhouse, the country will need to focus on its deeper problems.

People walk through the Myeongdong shopping district.

COVID-19 Has Crushed Everybody’s Economy—Except for South Korea’s

Seoul seems to have shown the way to mitigating both the health and the economic fallout of the coronavirus pandemic.

German Chancellor Angela Merkel is shown during a video meeting with Chinese President Xi Jinping in Berlin on Sept. 14.

China Is Merkel’s Biggest Failure in Office

The German chancellor has put future deals over moral values, but she’s not alone.

Japan’s chief cabinet secretary, Yoshihide Suga, reacts after he was elected as the new head of the Liberal Democratic Party in Tokyo on Sept. 14.

Suga Promises Continuity. But on Economics, He Can’t Possibly Deliver.

If the yen gets stronger, Japan’s new prime minister will have to come up with something new to protect exports.

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Emerging Stronger From the Great Lockdown

The managing director and the chief economist of the International Monetary Fund lay out a strategy for sustained recovery.

European Commission President Ursula von der Leyen and European Council President Charles Michel bump elbows at the end of a news conference in Brussels on July 21.

The Pandemic Is Showing What the EU Is Good For

No longer sclerotic, Europe’s economy is bouncing back much faster than the United States’.

Abandoned houses in Seoul

Moon Faces a Bigger Political Threat Than Kim Jong Un: Real Estate Prices

A struggle to bring down South Korea’s soaring housing market could doom a presidency.

A volunteer church worker delivers a box with food supplies at the Villa 31 shantytown, amid the lockdown in Buenos Aires, Argentina, on July 25.

Argentina’s Economy Crumbles as Buenos Aires Lockdown Continues

The nation was already on the economic brink before COVID-19 hit.

A bubonic plague smear, prepared from a lymph removed from a plague patient, is seen in an undated photo.

The Bubonic Plague Killed Feudalism. COVID-19 Will Entrench It.

Throughout history, pandemics have been a great equalizer. Here’s why this time is different.

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Don’t Believe the Hype. Wealth Taxes Are Nothing New.

Lessons from ancient Greece and Islamic finance for creating a tax that will benefit the poor—and the wealthy, too.

Mahinda Rajapaksa prays during a ceremony before formally assuming prime ministerial duties in Colombo, Sri Lanka, on Aug. 11.

Rajapaksa Rule

Sri Lanka’s ruling party promised quick and decisive leadership. But with an economic meltdown looming, it should also be careful.

An employee sorts Turkish lira banknotes at a bank in the town of Sarmada in Syria’s northwestern Idlib province on June 14.

Erdogan Has Hidden an Economic Disaster Deep in Turkish Banks

And he won’t be able to keep the game going for much longer.

A group of foreign women rounded up by police from karaoke bars in Thailand’s southern province of Narathiwat are taken to city hall during a campaign against human trafficking on Nov. 9, 2018.

As the Global Economy Melts Down, Human Trafficking Is Booming

Desperate families face risky job offers, dubious loans, and online predators.

A woman waits to cross a street in New Delhi on Aug. 1.

The COVID-19 Economic Crash Could Set Indian Women Back Decades

They’ve been disproportionately affected by job losses, and now new jobs may first go to men.

U.S. Senate Majority Leader Mitch McConnell is swarmed by reporters as he leaves the Senate floor on July 30 in Washington. Republicans and Democrats in the Senate remain in a stalemate as the the $600-per-week federal unemployment benefit is set to expire on Friday.

As Pandemic Rages, the United States Slashes an Economic Lifeline

Lockdowns and outbreaks have hit the poor hard—and governments worldwide are struggling.

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