Disruption, Concentration, and the New Economy
The growing dominance of leading technology firms has occasioned an intense debate about the tradeoffs between efficiency and market power, while raising questions about...
The Right Way to Rebalance Trade
The US-China trade dispute reshaped the world’s economic and financial landscape in 2018, and it might continue to do so for years to come....
Trump’s Trade Game
US President Donald Trump’s “America first” trade policy came into full bloom in 2018, and it was an ugly sight to behold. In addition...
How Inequality Undermines Economic Performance
About a decade ago, the Commission on Growth and Development (which I chaired) published a report that attempted to distill 20 years of research...
The Future of Free Trade
In 2018, trade, more than any other policy area, was “disrupted.” What used to be an archaic, technical, and – let’s face it –...
What Next for Global Trade?
The year 2018 marked the return of the import tariff. As of October, the United States had imposed levies on roughly 12,000 products, accounting...