Economics

Foreign Affairs Article

New World Order

Authors: Erik Brynjolfsson, Andrew McAfee, and Michael Spence

Recent advances in technology have created an increasingly unified global marketplace for labor and capital. The ability of both to flow to their highest-value uses, regardless of their location, is equalizing their prices across the globe.

See more in United States; Labor

Foreign Affairs Article

Voodoo Abenomics

Author: Richard Katz

Imagine the predicament currently facing a growing number of Japanese men in their early 30s. Despite having spent years cramming in high school and attending good colleges, many can't find a full-time job at a good company.

See more in Japan; Competitiveness

Foreign Affairs Article

Indonesia in Pieces

Author: Elizabeth Pisani

In April, voters in Indonesia's parliamentary elections shocked many observers, confounded most pollsters, and seemed to set back their own long-term interests by failing to deliver a massive victory to the main opposition party, the Indonesian Democratic Party of Struggle.

See more in Indonesia; Financial Crises

Primary Sources

United States of America v. Members of China's People's Liberation Army

The U.S. Department of Justice announced the indictment of five Chinese military hackers on May 19, 2014. Wang Dong, Sun Kailiang, Wen Xinyu, Huang Zhenyu, and Gu Chunhui were charged with computer hacking, economic espionage and other offenses directed at Americans in the nuclear power, metals, and solar products industries.

See more in United States; China; Cybersecurity; Intellectual Property

Policy Innovation Memorandum No. 45 Authors: Edward Alden and Rebecca Strauss

Each year, U.S. state and local governments waste tens of billions of taxpayer dollars competing to lure or retain business investment, with little impact on business behavior. Edward Alden and Rebecca Strauss lay out incremental steps for curbing the subsidy war, beginning with greater disclosure and cost-benefit analyses, and building up to a multistate agreement that creates strong disincentives for continuing subsidies.

See more in United States; Economics