Trade
Chinese Antitrust 2.0: Why Is China Going After Its Big Tech?
In an interview with ProMarket, Angela Huyue Zhang, author of a new book Chinese Antitrust Exceptionalism, discusses the motivations behind the recent antitrust investigations...
Pentagon Report Points to Two Major Risks to National Security: Consolidation and Shareholder Capitalism
A Pentagon report released earlier this month warns that concentrated supply chains, offshoring, and a "business climate that has favored short-term shareholder earnings” have...
Debt Monetization and Lessons from War Financing to Deal With Pandemics: A Webinar With Harold James
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....
Global Supply Chain Disruptions: A Webinar With Penny Goldberg, Former Chief Economist of the World Bank
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...
Governments and Central Banks Have a Few Unpleasant Options to Stop the Economic Contagion
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.
With the US and China, Two Types of Capitalism Are Competing With Each Other
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,...
How Offshoring by Multinational Corporations Contributed to the Decline of US Manufacturing
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...
The Real “China Shock”: Political Fallout from Slowing Exports in China
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...
Schumpeter and Brexit: Same Old Story, Different Ending
Joseph Schumpeter wouldn’t have been surprised by Brexit, but would blame British elites for putting it to a referendum and then walking away from the...
The Costs of Trump’s Import Tariffs Have Landed Entirely on US Citizens
US importers and consumers experienced $12.3 billion in added tax costs and another $6.9 billion from unrecoverable reductions in welfare arising from the 2018...
