Trade

Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s...

Lobbying on free trade agreements has been dominated by a few very large firms, which experience large gains as a result of...

In an interview with ProMarket, Angela Huyue Zhang, author of a new book Chinese Antitrust Exceptionalism, discusses the motivations behind the recent...

A Pentagon report released earlier this month warns that concentrated supply chains, offshoring, and a "business climate that has favored short-term shareholder...

Princeton professors Markus Brunnermeier and historian Harold James discuss how much new debt governments will pile up in reaction to the Covid-19 economic fallout....

Princeton professor Markus Brunnermeier and Yale professor Penny Goldberg, former chief economist of the World Bank, discuss the impact of Covid-19 on international trade and...

The global economy and financial markets are seriously hit by the coronavirus outbreak. Central banks can do something, but monetary policy is not enough.  A fiscal stimulus might mitigate the impact, but the record-level outstanding amount of public and private debt adds additional risk to the current perfect storm.  

Capitalism’s global victory has been achieved through two different types of capitalist systems: the liberal meritocratic capitalism that has developed incrementally in the West,...

The offshoring activities of multinational firms explain about one-third of the aggregate decline in US manufacturing employment, according to a new study.  Between 1990 and...

As China’s export growth has slowed down over the past five years, workers have responded by taking to the streets with increasing frequency. The...