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International efforts, such as the Paris Agreement, aim to reduce greenhouse gas emissions. But experts say countries aren’t doing enough to limit dangerous global warming.
Reimagining American Economic Leadership
Making U.S. Trade Policy Relevant Again
U.S. trade policy can still solve problems but requires new approaches that engage with current realities rather than wishful thinking, says former chief of staff to the U.S. trade representative.
Trade Offs
A regular series on the choices faced by international economic policymakers
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.
Featured Analysis From RealEcon
Exploring three key areas of international economic policy: trade and investment, development, and economic security, i.e., technology controls, supply-chain-resilience measures, and other policies to reduce risk to the economy or national security
Trade and Investment
Trade Isn’t Great Retail Politics for Either Party
Article by Kevin Nealer
The Man Who Would Help Trump Upend the Global Economy
Article by Edward Alden
Weighing the Pros and Cons of Global Trade Leadership
Article by Inu Manak, Author, Edward Alden, Author, and Jennifer Hillman
Development
Mobilizing Clean Energy Financing through the Multilateral Development Banks
Blog Post by Brad W. Setser, Tess Turner and Michael Weilandt
In-Person DC Roundtable: Falling Global Fertility and Its Implications for Climate Change, Political Stability, and Economies
Event by Thomas J. Bollyky, Ann Norris, and Christopher J. Murray
Geopolitics in the Indo-Pacific: An ADB Perspective
Article by Christopher Shim
Economic Security
The Limits of the China Chip Ban
Article by Hanna Dohmen, Jacob Feldgoise, and Charles Kupchan
U.S.-China Economic Relations With Jay Shambaugh
Event with Jay C. Shambaugh, Matthew P. Goodman, and Rush Doshi
Supporting American Small Businesses Against Foreign Threats
Article by Tara Donohue Bartels and Tarah Wheeler
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The U.S. Supreme Court’s Chevron Deference Ruling Will Disrupt Climate Policy
The Supreme Court’s recent ruling to limit federal agencies’ power to interpret laws will have major implications for U.S. climate and environmental policies.
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China’s Real Economic Crisis
Western leaders and policymakers would do well to understand the deeper forces driving China’s overcapacity and make sure that their own policies are not making it worse.
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The Spotty International Tax Record of Big U.S. Technology Companies
Many big technology firms continue to book large offshore profits in low tax jurisdictions, particularly Ireland and Singapore.
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On the latest leg of its listening tour, RealEcon walks through the transformation of industrial cities in the Northeast
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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.
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U.S. trade policy can still solve problems but requires new approaches that engage with current realities rather than wishful thinking, says former chief of staff to the U.S. trade representative.
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Many big technology firms continue to book large offshore profits in low tax jurisdictions, particularly Ireland and Singapore.
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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 economic policy is necessary—encompassing areas as far afield as labor markets, trade, and capital flows—that shifts the emphasis toward reducing the sources of inequality resulting from the operation of the market.
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“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.
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The Tax Cuts and Jobs Act (TCJA) has substantially reduced the domestic tax paid by American pharmaceutical giants.
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One factor boosting the case for an early Fed rate cut is the rise in the labor force participation rate—a rise driven by immigration.
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Rather than reducing the risk of future debt trouble, Sri Lanka’s macro-linked bonds set up the risk that Sri Lanka will fall back into debt trouble in 2029 or 2030.
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Enhancing support for Ukraine’s military and defense industrial base is top of mind at the NATO Summit last week, especially if the United States should step back after the presidential election. Despite challenges, there are also opportunities for Europe to unlock and catalyze investment in Ukraine’s defense sector through the European Investment Bank.
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U.S. policymakers are ignoring some of the negative trade-offs of current trade policy to the detriment of American global leadership.
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While July 4 elections are likely to end with Labour beating the Conservatives, voters can expect closer ties with Europe and a stronger emphasis on defense regardless of who wins.