Economics & Global Affairs

420 Items

teaser image

Analysis & Opinions - The National Interest

China Is Now the World’s Largest Economy. We Shouldn’t Be Shocked.

| October 15, 2020

China has now displaced the U.S. to become the largest economy in the world. Measured by the more refined yardstick that both the IMF and CIA now judge to be the single best metric for comparing national economies, the IMF Report shows that China’s economy is one-sixth larger than America’s ($24.2 trillion versus the U.S.’s $20.8 trillion). Why can't we admit reality? What does this mean?

China (Shanghai) Pilot Free Trade Zone at the Yangshan Deep Water Port

AP/Eugene Hoshiko

Journal Article - Review of International Political Economy

Striving for Greatness: Status Aspirations, Rhetorical Entrapment, and Domestic Reforms

| 2020

How do leaders use external events or pressures as political levers to facilitate domestic reforms? In this article, the authors build a theory of aspirational politics to address this question. We show that aspirations to improve a country's international status can help leaders justify the implementation of their preferred domestic policies.

teaser image

Analysis & Opinions - Bloomberg Opinion

After Oil: Throwing Money at Green Energy Isn’t Enough

| Sep. 17, 2020

The geopolitical and geo-economic forces wrought by the coronavirus pandemic, as examined previously in this series, are likely to slow the transition to a more sustainable global energy mix. Fortunately, the pandemic has also resulted in governments gaining vastly greater influence over whether this shift stalls or accelerates.

teaser image

Analysis & Opinions - Bloomberg Opinion

Pandemic Is Hurting, Not Helping, Green Energy

| Sep. 16, 2020

For most people, there was nothing to celebrate when the International Monetary Fund downgraded its outlook for global economic growth in June, anticipating a contraction of 4.9% for 2020. Yet for others, such as the small but persistent group of economists and others known as the degrowth movement,” the Covid-induced economic slowdown has a silver lining.

Residents wearing masks pass by a Chinese military propaganda display

AP/Ng Han Guan

Analysis & Opinions - USA Today

‘Tough on China’ is Not a Strategy. Trump is Scrapping Tools that Keep Us Safe and Strong

| Aug. 27, 2020

Joseph Nye analyzes Trump's misguided approach to China  and concludes that it could lead the United States to discard its aces of alliances and global institutions or to severely restrict immigration. He advises that since the United States cannot solve problems like pandemics and climate change alone, Americans and its leaders must learn to distinguish power with others from power over others.

Shanghai, China

Li Yang / Unsplash

Report

Is China's Hydrogen Economy Coming?

| July 28, 2020

This paper focuses on China and the potential role of renewable hydrogen in accelerating its transition to a low-carbon economy. Our research goal is to provide policymakers and other stakeholders the means to make informed decisions on technology innovation, policy instruments, and long-term investments in enabling infrastructure.

The words "If Consumers Use Libra, Who Would They Be Dealing With?" is displayed on a monitor behind Facebook CEO Mark Zuckerberg as he testifies before a House Financial Services Committee hearing on Capitol Hill in Washington, Wednesday, Oct. 23, 2019, on Facebook's impact on the financial services and housing sectors.

AP Photo/Andrew Harnik

Analysis & Opinions - Cointelegraph

China and U.S. Must Learn From One Another and Collaborate on CBDC

| July 28, 2020

A digital currency war between China and the U.S. will not improve the lives of the Chinese or American people, much less the world. Instead, it risks creating two separate payments systems that will only serve to promote further global competition and distrust.