Policymakers face complex cost-benefit considerations when intervening in the market to mitigate perceived risks, from climate change to competition with China.

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…

Allies in Europe and the Asia-Pacific will be the beneficiaries of an overdue strategic realignment.

Biden’s electoral victory and the course correction he has already begun are poised to repair America’s reputation abroad and reinstate transatlantic solidarity. Nonetheless, neither side of the Atla…