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Shang-Jin Wei

Shang-Jin Wei

Writing for PS since 2015
53 commentaries
1 videos & podcasts

Shang-Jin Wei, a former chief economist at the Asian Development Bank, is Professor of Finance and Economics at Columbia Business School and Columbia University’s School of International and Public Affairs. 

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  1. Can China Save Its Economic Miracle?
    wei54_Chen JiminChina News Service via Getty Images_chinaolineeducation Chen Jimin/China News Service via Getty Images

    Can China Save Its Economic Miracle?

    Jan 4, 2023 Shang-Jin Wei outlines the challenges facing the country as firms and households get out from under pandemic restrictions.

  2. Life, Liberty, and Lost Output
    wei53_HECTOR RETAMALAFP via Getty Images_zero covid HECTOR RETAMAL/AFP via Getty Images

    Life, Liberty, and Lost Output

    Dec 6, 2022 Shang-Jin Wei considers the cost-benefit calculations fueling China’s protests against the government’s zero-COVID policy.

  3. Is the Benefit of China’s Zero-COVID Policy Worth the Cost?
    wei52_Kevin FrayerGetty Images)_zero covid Kevin Frayer/Getty Images

    Is the Benefit of China’s Zero-COVID Policy Worth the Cost?

    Oct 13, 2022 Shang-Jin Wei analyzes the evidence and finds some justification for the country’s severe restrictions.

  4. Liz Truss vs. the Bank of England
    wei51_DANIEL LEALAFP via Getty Images_bankofengland Daniel Leal/AFP via Getty Images

    Liz Truss vs. the Bank of England

    Oct 6, 2022 Shang-Jin Wei explains how UK policymakers can prevent a financial crisis by helping pensioners and homeowners.

  5. The Risk of Competitive Interest-Rate Hikes
    wei50_Javier GhersiGetty Images_USDeconomy Javier Ghersi/Getty Images

    The Risk of Competitive Interest-Rate Hikes

    Sep 8, 2022 Shang-Jin Wei warns that the major central banks' uncoordinated interest-rate hikes make a global recession more likely.

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  1. johnson159_Bill O'LearyThe Washington Post via Getty Images_congress ukraine Bill O'Leary/The Washington Post via Getty Images
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    Only the US Congress Can Stop Ukraine from Winning

    Simon Johnson explains why Russia’s best hope now lies with House Republicans’ nonsensical position on the US debt ceiling.
  2. emmott42_TORU YAMANAKAAFP via Getty Image_japannavy Toru Yamanaka/AFP via Getty Images
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    What Japanese Deterrence Would Look Like

    Bill Emmott

    In new strategy documents, Japan’s government has broken new ground with a public commitment to build up the country’s counterstrike and rapid mobilization capabilities. Though executing this task will not be easy, it has become essential to peace in the region.

     explains what it will take to discourage aggression by North Korea, Russia, and especially China.
  3. duran8_ Getty ImagesGetty Images_argentina brazil union Getty Images/Getty Images
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    Getting to Monetary Integration in Latin America

    Camila Villard Duran explains why the vision of a regional unit of account, advanced by Brazil and Argentina, is achievable.
  4. subramanian35_erhui1979Getty Images_speechbubbles erhui1979/Getty Images
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    The Age of Verbiage

    Arvind Subramanian blames today’s nonstop inundation of expert opinion for undermining the quality of public discourse.
  5. haldar17_ FABRICE COFFRINIAFP via Getty Images_davos FABRICE COFFRINI/AFP via Getty Images
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    Davos Man Has a People Problem

    Antara Haldar suspects that the socially “disembedded” economic logic of globalization has gone as far as it can go.
  6. buiter44_ SAUL LOEBAFP via Getty Images_treasury SAUL LOEB/AFP via Getty Images
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    Eliminate the Debt Ceiling

    Willem H. Buiter thinks the US Constitution and common sense argue for a de facto abolition of the cap.
  7. ito23_KAZUHIRO NOGIAFP via Getty Images_japanmilitarysoldiers Kazuhiro Nogi/AFP via Getty Images
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    Japan’s Fiscal Dilemma

    Takatoshi Ito explains why the country’s deficit-financed spending spree endangers its national security.
  8. rogoff233_ Arne Dedertpicture alliance via Getty Images_germanystockmarket Arne Dedert/picture alliance via Getty Images
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    Too Soon for Global Optimism

    Kenneth Rogoff

    It is hard to reconcile the jubilant mood of many business leaders with the uncertainty caused by the war in Ukraine. While there are some positive signs of economic recovery, a sudden escalation could severely destabilize the global economy, cause a stock market crash, and accelerate deglobalization.

     warns that the Ukraine war and economic fragmentation are still jeopardizing world growth prospects.
  9. pisaniferry141_Sean GallupGetty Images)_macronscholz Sean Gallup/Getty Images
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    Why Europe’s Franco-German Engine Is Stalling

    Jean Pisani-Ferry cautions that the two countries' differences are so substantial that a hasty compromise will not suffice.

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