Wednesday, March 1, 2017
  1. From Bad to Worse for Puerto Rico

    Joseph E. Stiglitz, ET AL
  2. Europe or Anti-Europe?

    Michael Spence

    Europe or Anti-Europe?

    10

     worries that the eurozone is stuck in a semi-permanent economic malaise, which could destroy it.

    50 euro banknote Daniel Roland/Stringer
    Since the 2008 financial crisis, the conventional wisdom has been that a long, difficult recovery for eurozone economies will eventually lead to strong growth. But this narrative is losing credibility, as various trends suggest that Europe is trapped in a semi-permanent low-growth equilibrium. READ MORE
  3. How Imports Boost Employment

    Anne Krueger

    How Imports Boost Employment

    13

     rebuts the populist canard that foreign competition and trade agreements destroy American jobs.

    Newark port James Leynse/Getty Images
    According to today’s populists, “good jobs” in US manufacturing have been “lost” to competition from imports and preferential trading arrangements. But this narrative does not fit the facts: imports actually create jobs, and trade agreements bear little blame for the decline in manufacturing employment. READ MORE
  4. Economists in Denial

    Robert Skidelsky

    Economists in Denial

    51

     explains why the Bank of England's recent macroeconomic forecasts have been so wide of the mark.

    Bank UK John Keeble/Getty Images
    The Bank of England’s chief economist has blamed the failure of its forecasting models, which had predicted a major economic slowdown after last June's Brexit vote, on “irrational behavior.” But what seems irrational to a central bank, not to mention the City of London, may be perfectly rational for a "Leave" supporter. READ MORE
  5. China’s Weapons of Trade War

    Keyu Jin

    China’s Weapons of Trade War

    23

     shows why Donald Trump's protectionist threats, if implemented, would backfire on the US economy.

    Hubei province Honda factory STR/Stringer
    China exports more to the US than the US exports to China, and that makes Donald Trump furious. But with the Communist Party’s 19th Congress set to take place in Beijing this year, Chinese leaders are unlikely to yield to US pressure. READ MORE
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346 pages

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