More in Global Economy


2 years

China's Belt and Road Initiative: Grand or Grandiose?

China's Belt and Road Initiative was first announced five years ago in 2013. Broadly speaking, the grand plans is for a grand set of transportation connections from China across Asia, and reaching to Africa and Europe. Some of the connections would be overland (the "belt") and others would be overseas (the "belt"). Chinese banks and investment funds would provide substantial finance for these projects, and Chinese firms -- many with considerable experience building infrastructure in China -- would carry out a substantial chunk of the work.

2 years

The Family Options Experiment: Reducing Homelessness with Long-Term Rent Subsidies

What policy steps might offer at least a medium-term solution for homelessness affecting families with children? The Family Options Study is a randomized experiment run by the US Department of Housing and Urban Development that sought to address this topic. As it explains at the website:

2 years

The Problematic Market for Snakebite Antivenoms

The World Health Organization reports: "About 5.4 million snake bites occur each year, resulting in 1.8 to 2.7 million cases of envenomings (poisoning from snake bites).

2 years

A Concerning Indian Economic Outlook

The biggest mistakes in analysing macroeconomic data is to assume causality to factors that are just catalysts. Don’t blame the Fed or Trump. That is just noise. The problem of emerging markets is largely self-inflicted and comes after years of raising imbalances, both at a trade and fiscal level, based on impossible expectations of growth and demand.

2 years

What Causes Inequality to Erupt Into Riots? Revisiting the Kerner Commission

"The Kerner report was the final report of a commission appointed by the U.S. President Lyndon B. Johnson on July 28, 1967, as a response to preceding and ongoing racial riots across many urban cities, including Los Angeles, Chicago, Detroit, and Newark. These riots largely took place in African American neighborhoods, then commonly called ghettos. On February 29, 1968, seven months after the commission was formed, it issued its final report. The report was an instant success, selling more than two million copies. ...  The Kerner report documents 164 civil disorders that occurred in 128 cities across the forty-eight continental states and the District of Columbia in 1967 (1968, 65). Other reports indicate a total of 957 riots in 133 cities from 1963 until 1968, a particular explosion of violence following the assassination of King in April 1968 (Olzak 2015)."

2 years

Regional Trade Agreements: A Popularity Nosedive

The Doha round of the World Trade Organization talks started way back in 2001, and seems to have come to a standstill. Regional trade agreements became the preferred path for many nations, with 20-25 per year being negotiated most years from 2002-2016. Then the number drops off sharply in 2017, and falls almost to zero so far in 2018.

2 years

How US Multinationals Shifting Income to Foreign Countries Reduces Measured GDP

US corporations work their accounting system so that sales and profits turn up in non-U.S. jurisdictions (for example, here' s a description of the Double Irish Dutch Sandwich technique). One implication is that corporations pay lower US and overall taxes; another is that because of this shifting, measured US GDP is smaller than it would otherwise be.