If the new "industrial strategy" is offering ideas for better public governance, it is useful. But it becomes positively dangerous when it turns to the private sector, where state interventions inevitably undermine competition, disrupt price signals, and dampen the motivation to innovate.
sees little reason to support the case for renewed government interventions in the private sector.
It may be impossible simultaneously to combat climate change, boost the middle class in advanced economies, and reduce global poverty. Under current policy trajectories, any combination of two goals appears to come at the expense of the third.
weighs the trade-offs between combating climate change, global poverty, and rich countries’ middle-class decline.
Although multilateral efforts to address climate change are not well served by deepening geopolitical rivalries or the apparent trend toward global economic fragmentation, that doesn’t mean governments have abandoned the pursuit of net-zero emissions. Instead, the process has become more competitive – and more complex.
considers the international political dynamics of current energy, trade, and environmental policies.
Although policies based on mainstream neoclassical economics, famously enshrined in the Washington Consensus, have clearly failed, economic theory has remained in a state of paralyzed confusion. What has been missing is a full shift to modern modes of thought informed by contemporary science.
offers a new conceptual framework based on twenty-first-century science and simple observation.
Increasingly severe water shortages represent a human-made crisis that can be resolved through human interventions. The situation demands new thinking about the economics of this critical resource and how to manage it through mission-oriented strategies that span all levels of governance.
call attention to a global problem that demands far more attention from policymakers at all levels.
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