Overview This Working Paper by Nobel Laureate Michael Spence and Sandile Hlatshwayo is a detailed examination of the changing shape of the American economy and the effect of these changes on the l…

Introduction On October 23, 2012, a new international organization dedicated to changing the way countries grow economically made its official debut on the world stage. The eighteen member countri…

Overview U.S. policymakers who worry about the impact of energy developments on geopolitics typically think of high oil prices as bad news and low prices as an unalloyed good. But a sustained drop…

Introduction An oil-exporting country’s “fiscal breakeven” oil price is the minimum price per barrel that the country needs in order to meet its expected spending needs while balancing its budget …