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Is the US Economy Running Out of Slack?

How much slack is there in the US economy? In economics, the “gap version” of Okun’s law holds that a

China’s Animal Spirits Deficit

When it comes to the Chinese economy, I have been a congenital optimist for over 25 years. But now I

A Big Step Forward for Global Tax Justice

Multilateralism has been on the defensive in recent years. In a global setting that is more multipolar than multilateral, competition

Globalization Strikes Back

The summer of 2021 has come to be largely defined by the ongoing COVID-19 pandemic and accelerating climate change. Both

Europe’s Green Unilateralism

The European Union is one of the few signatories to the 2015 Paris climate agreement that initially committed to binding

The Changing Map of Economics

The International Economic Association’s triennial World Congress has long been one of the most important global gatherings of economists, owing

Dismal Economics

Self-regarding economics departments at prestigious academic institutions no longer bother to teach the history of economic thought – a field

The Dangers of Decoupling

The Chinese government’s crackdown on Alibaba last year, and on the ride-hailing company Didi this month, has generated fevered speculation

Latin America’s Perfect Storm

Latin America is experiencing an especially grave set of crises. The region’s economies are stagnating. Its politics are broken. And,

Afghanistan: No Peace without a Clear Vision

Peace is the absence of war, while war is the absence of peace! A negotiated peace in Afghanistan presents a

Facebook Should Ban More World Leaders

I’ve been a professional free-expression advocate for more than a decade. That is why I support the Facebook Oversight Board’s

The Rise of the Distributariat

For over a year now, most countries have been undergoing an enormous labor-market experiment triggered by the coronavirus pandemic. Before

The Power of Civil Society in a Post-Pandemic World

On May 25, 2020, a 17-year-old girl filmed a disturbing video, which subsequently went viral, of a white police officer

Our Responsibility to Climate Migrants

Last November, as the most active Atlantic hurricane season ever recorded ground to a close, the last two big storms

China Is Killing Its Tech Golden Goose

US politicians from both congressional parties are worried that China is overtaking America as the global leader in science and

The Tokyo Games Will Go on

Having been postponed from 2020 because of the COVID-19 pandemic, the Tokyo Olympic Games are approaching their opening on July

The Battle for Civic Space in the Digital Age

As COVID-19 lockdowns and restrictions became part of daily life for billions of people around the world, activities such as

The Global Tax Devil Is in the Details

It appears that the international community is moving toward what many are calling a historic agreement to set a global

The Economic Fundamentals of Chinese Communism’s Successes and Failures

“Over the past hundred years, the [Communist Party of China] has united and led the Chinese people in writing the

Attack of the COVID Zombies

As Western economies emerge from the COVID-19 crisis, banks and governments are facing a new problem: how to deal with