The Evolution of Globalization
reviews a wide-ranging selection of books on global governance, trade, and inequality.
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The Evolution of Globalization
Global Bookmark reviews a wide-ranging selection of books on global governance, trade, and inequality.
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How the US Supreme Court Lost Its Legitimacy
Long Reads points out that all five conservative justices came to the bench under dubious circumstances.
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Crash Time
Global Bookmark reviews two recent books on crucial moments in the past century of US and global financial history.
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American Political Economy, Disrupted
Long Reads thinks the historical balance of power between the state, markets, and technology pioneers has broken down.
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Drugs, Gunboats, and China’s Score to Settle
Global Bookmark reviews a new history of the Opium War, which launched both a “century of humiliation” and Chinese nationalism.
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Taming the Tech Monster
Long Reads urges radical reform of the Internet to address the dysfunctions of the digital age.
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The World Economy’s Urban Future
Long Reads argues that, while countries and regions struggle, cities are developing the economic models the world needs.
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The Fog of Immigration
Long Reads shares findings from a recent study revealing Western publics’ widespread ignorance of the issue.
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New Rules for the New Global Economy
Insider Interview interviews on the future of global governance, the economic outlook for the US and China, and much else.
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No Robo-Apocalypse
Long Reads argues that we should be much more worried about bad policymaking than automation and artificial intelligence.
The Year Ahead
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The Global Economy’s Risky Recovery
As the advanced economies’ post-2008 recession fades into the distant past, global prospects for 2018 look a little better than in 2017. The shift from fiscal austerity to a more stimulative stance will reduce the need for extreme monetary policies, which almost surely have had adverse effects not just on financial markets but also on the real economy.
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Central Banks’ Year of Reckoning
- In the absence of political solutions, central banks in the decade since the 2008 financial crisis have rolled out one unconventional monetary policy after another, with various justifications and varying effectiveness.
- Now that the period of monetary exceptionalism seems to be coming to an end, central bankers must soberly assess their own record.
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How Inequality Works
- The political upheavals and populist incursions of the past few years owe much to widespread perceptions of inequality and economic injustice in advanced economies.
- While median wages have stagnated, incomes at the top have continued to rise, and there is growing evidence to suggest that the two phenomena are connected.
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Will Monetary Policy Trigger Another Financial Crisis?
- Sustained unconventional monetary policies in the years after the 2008 global financial crisis created the conditions for the second-longest bull market in history.
- But they also may have sown the seeds of the next financial crisis, which might take root as central banks continue to normalize their policies and shrink their balance sheets.
