How Should We Respond to Lower Oil Prices?
The politics of raising fuel taxes and simultaneously giving American households an income tax break may be impractical, but the economic logic of doing so remains compelling. […]
Climate and Energy
Deindustrialisation and Development
While manufacturing played a key role in some countries’ development, high growth can be sustained without relying primarily on manufacturing. […]
The Global Economy and China: The View From a Mountain Top
China’s very high rates of saving and investment in infrastructure, plants and equipment, research and development, and human capital should be seen more as a source of strength than of weakness. […]
Global Oil and the Middle East Economic Outlook
The steady decline of global oil prices since June 2014 is shifting economic, political, and strategic calculations of key Middle East actors, and adding a new element of uncertainty at a time of increased regional conflict and polarization. […]
What Does the U.S. Election Mean for the World Economy?
The U.S. election, whatever the outcome, will not eliminate the need for both parties to compromise in order to make meaningful headway on the tough economic challenges facing the country. […]
Why China Needs a Global Conscience
The transformation of China into an economic powerhouse will fundamentally alter Beijing’s relationship with the global economy and require far-reaching changes in the global institutional architecture. […]
Emerging Powers and the Global Commons
As emerging markets come to dominate the global economy, no challenge will be more difficult—and few will be more important—than managing the global commons. […]
After Copenhagen
The Copenhagen Accord represents a step forward in dealing with the climate change, but two problems—the insistence on binding, internationally-agreed-upon targets and the conflation of the mitigation and aid agendas—should be avoided in the future. […]
Copenhagen and the Lessons From Global Trade Reform
Copenhagen is not likely to deliver a legally-binding, multilateral agreement on carbon emissions. However, trade negotiations provide lessons on how to enact far-reaching reforms even in the absence of a global deal. […]