In Mohammed Hanif’s novel “Red Birds,” an American bomber pilot crashes his plane in the Arabian desert and is stranded among the locals in a nearby refugee...
At the beginning of classes every autumn, I tease my students with the following question: Is it better to be poor in a rich country or rich in a poor...
Is it culture or economics? That question frames much of the debate about contemporary populism. Are Donald Trump’s presidency, Brexit and the rise of...
U.S. President Donald Trump has used national security as a justification for his tariffs on steel imports, his threatened tariff hikes on autos and the...
In developed and developing countries alike, a combination of technological and economic forces has created a segment of advanced production, concentrated in...
The world economy desperately needs a plan for “peaceful coexistence” between the United States and China. Both sides need to accept the other’s right to...
Around the world today, the central challenge for achieving inclusive economic prosperity is the creation of sufficient numbers of “good jobs.”Without...
Forty years ago this month, China’s leaders set the country on a path of reform that has produced the most dramatic economic transformation in history. Mao...
Economics teaches that the measure of an individual’s well-being is the quantity and variety of goods he or she can consume. Consumption possibilities are in...
New technologies reduce the prices of goods and services to which they are applied. They also lead to the creation of new products. Consumers benefit from...
Labor advocates have long complained that international trade agreements are driven by corporate agendas and pay little attention to the interests of working...
The University of Virginia recently faced a storm of protest after its Miller Center of Public Affairs appointed President Donald Trump’s former Director of...
When Italy’s president recently vetoed the appointment of the euroskeptic Paolo Savona as finance minister in the government proposed by the Five Star...
A high-profile United States trade delegation appears to have returned empty-handed from its mission in China. The result is hardly a surprise, given the...
Why were democratic political systems not responsive early enough to the grievances that autocratic populists have successfully exploited – inequality and...
U.S. President Donald Trump’s bark on trade policy has so far been far worse than his bite. But this may be changing. In January, he raised tariffs on...
The crisis of liberal democracy is roundly decried today. Donald Trump’s presidency, the Brexit vote in the United Kingdom, and the electoral rise of other...
Populists abhor restraints on the political executive. Since they claim to represent “the people” writ large, they regard limits on their exercise of power as...
Greece’s combative former finance minister, Yanis Varoufakis, and his nemesis, former German Finance Minister Wolfgang Schaeuble, were at loggerheads on Greek...
At a recent conference I attended, I was seated next to a prominent American trade policy expert. We began to talk about the North American Free Trade...
Despite low world prices for the commodities on which they tend to depend, many of the world’s poorest economies have been doing well. Sub-Saharan Africa’s...
At the end of August, French President Emmanuel Macron unveiled the labor-market overhaul that will make or break his presidency – and may well determine the...
Few economies pose as big a paradox as Mexico’s. Emerging from a series of macroeconomic crises in the mid-1990s, Mexico undertook bold reforms that should...
Brazil’s economy has been in free fall, a casualty of years of economic mismanagement and the vast corruption scandal that has engulfed the country’s...
Emmanuel Macron’s victory over Marine Le Pen was much-needed good news for anyone who favors open, liberal democratic societies over their nativist,...