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August 6, 2024

RealEcon
The Climate Reform Agenda: How China Enables and Undermines U.S. Leadership at the World Bank

The U.S. relies on multilateral institutions like the World Bank to support its foreign policy goals, but the need to compromise with other shareholders can undermine success.

President of World Bank Group (WBG) Ajay Banga speaks during a press conference on the third day of the annual meetings of the WBG and the International Monetary Fund (IMF) in Marrakech, Morocco on October 11, 2023.

August 6, 2024

Election 2024
Issue Guide: Tim Walz on Foreign Policy

Minnesota Governor Tim Walz is the Democratic vice-presidential nominee. This primer provides some background on his foreign policy views.

Minnesota Governor Tim Walz hold his hands to his stomach in front of the state flag.

July 22, 2024

United States
As Biden Drops Out, Does the ‘Stolen’ Vice Presidency of 1944 Have a Lesson for 2024?

“We should look back on 1944 with a great sense of awe and responsibility” for what could have gone very differently with American history and the Cold War, says Senior Fellow Benn Steil.

Vice President Kamala Harris speaks at a podium.

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.

July 22, 2024

Trade
Toward a More Prosperous, Less Polarized, Worker-Friendly Economy

The United States has long relied on tax-and-transfer programs to address the problem of inequality, but these have failed signally to mitigate growing societal polarization. A new approach to econom…

High angle view of workers holding American flag in factory.

May 14, 2024

RealEcon
On to Wisconsin: RealEcon Visits the Badger State

From ginseng farms to food-processing facilities, Wisconsin businesses shine light on how trade policy and foreign investment impact rural America.

Darin Von Ruden, the owner of the Von Ruden's Organic Dairy Farm walks on his farm in Westby, Wisconsin, on October 3, 2020. - In western Wisconsin, where family-run dairy farms dot the rolling green hills and eagle-watchers peer into the sparkling marshland, signs for Donald Trump and Joe Biden stand directly across each other on neighbors' yards. In a polarized United States where Democrats and Republicans increasingly self-segregate, this stretch of the Upper Midwest alongside the Mississippi River looks

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…

December 14, 2023

United States
The Humbling of Henry Kissinger

The truth is that his tenure as secretary of state was often rocky, and as full of setbacks as acclaim.

Kissinger

September 3, 2020

World Trade Organization (WTO)
What to Know About the Race to Lead the WTO

World Trade Organization members are in the process of selecting a new leader, who will be charged with steering the WTO at a critical moment for the future of international trade.

A picture shows the empty seat and desk of the World Trade Organization director-general prior to a general council in Geneva.