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May 10, 2022

Globalization
The Dangerous New Anti-Globalization Consensus

Soaring inflation is just one reason for Washington to keep global disintegration in check.

Demonstrators march during a protest for more state support, against inflation and the lack of jobs, in Buenos Aires, Argentina April 13, 2022. The sign reads "Inflation is pushing wages down by up to 20%" and "Food prices drive inflation."

September 18, 2023

Climate Change
The Energy Transition Is Fueling a Power Transition

Gender equality is a crucial missing piece of the climate puzzle. If governments want a fighting chance of reducing greenhouse-gas emissions and shifting to renewable energy, they must give women mor…

Women collect vegetables from a farm in Keraniganj, near Dhaka, Bangladesh, January 12, 2022.

January 22, 2024

Trade
The Curse of Nostalgia: Industrial Policy in the United States

A critical look at the past and present of industrial policy shows that its recent popularity is not only misguided, but is likely to have negative economic and geopolitical consequences for the Unit…

President Joe Biden signs the Inflation Reduction Act in the State Dining Room of the White House in Washington on August 16, 2022.

February 9, 2024

Global
Central Bank Currency Swaps Tracker

Introduction Since the financial crisis of 2007, central banks around the world have entered into a multitude of bilateral currency swap agreements with one another. These agreements allow a centr…

April 17, 2024

RealEcon
Onshoring Semiconductor Production: National Security Versus Economic Efficiency

Policymakers are increasingly concerned by the U.S.’s dependence on Taiwanese semiconductors. Is onshoring their production to the U.S.—a goal of the CHIPS and Science Act—a practical path forward? 

A wafer can be seen as taiwanese chip giant TSMC holds a ceremony to start mass production of its most advanced 3-nanometer chips in the southern city of Tainan, Taiwan December 29, 2022.

April 24, 2024

RealEcon
A Tricky Balance for Development Banks and the Developing World

The World Bank and IMF have concluded their spring meetings, but questions remain on China, lending capacity, and balancing the interests of rich and poor countries.

 President and CEO at Mastercard Ajay Banga (L) and CEO at the World Bank Kristalina Georgieva speak on stage at the 8th Annual Women In The World Summit at Lincoln Center for the Performing Arts on April 7, 2017 in New York City.

January 10, 2018

Immigration and Migration
Trump’s Choice to Salvadorans in U.S.: Abandon Your Kids or Bring Them Back to World’s Murder Capital

The Trump administration's decision to repeal Temporary Protected Status for thousands of Salvadorans presents them with a difficult choice, writes Edward Alden.

Andrew Kelly/Reuters

May 13, 2019

Trade
The Global Trading System: What Went Wrong and How to Fix It

Introduction It has now been more than a quarter century since the United States, the European Union (EU), Japan and more than 100 other countries came together to conclude the Uruguay Round globa…

WTO World Trade Organization Geneva