Economics

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Snapshot,
Yuri M. Zhukov

The battle over eastern Ukraine is more economic than ethnic -- and Kiev's window to address its root causes is closing fast. 

Snapshot,
Arvind Panagariya

As the euphoria associated with Narendra Modi’s extraordinary victory gives way to the duties of the office, the new prime minister must start delivering on his economic promises. Here's how he can do it.

Snapshot,
Peter D. Feaver and Eric Lorber

The same attributes that make sanctions effective can also make them difficult to unwind. That poses a big problem: If Washington can't ease the pressure when states comply with its demands, it can't expect to achieve its most important goals.

Essay, 2014
Erik Brynjolfsson, Andrew McAfee, and Michael Spence

Machines are substituting for more types of human labor than ever before. This means that the real winners of the future will be neither the providers of cheap labor nor the owners of ordinary capital, but rather those who can innovate and create new products, services, and business models.

Essay, 2014
Benn Steil

In today’s dollar-dominated financial system, changes in U.S. monetary policy can have immediate and significant global effects, wrecking economies and toppling regimes. As a result, for many countries monetary sovereignty is nothing but a dream.

Snapshot,
Peter Martin and David Cohen

At times, Xi has appeared to be a reformer in the mold of Deng Xiaoping. At other times, he has appeared nostalgic for the revolutionary socialism of Mao Zedong. In truth, he is taking his cues from both.

Essay, 2014
Sue Mi Terry

Contrary to popular belief, the reunification of North Korea and South Korea would not spell disaster for South Korea, nor would it pose an unacceptable risk for the United States, China, and Japan. Rather, it would produce massive economic and social benefits for the peninsula and the region.

Snapshot,
Petr Polak

With its aging population and struggling financial sector, Europe increasingly resembles Japan in the 1990s. The most disquieting similarity is that the European Central Bank, like its Japanese counterpart, seems unwilling to act.

Snapshot,
Wojciech Kopczuk and Allison Schrager

There’s limited evidence that wealth inequality has actually worsened in the United States in the last 30 years. And, even if it does eventually get worse, imposing a tax on wealth is a terrible way to promote equality. It would actually benefit the super wealthy the most.

Snapshot,
Nate Schenkkan

Sanctions might not stop Russia's destabilization of Ukraine, but Western policymakers should embrace them for another reason: because they can put a nail in the coffin of the project that started the Ukraine crisis to begin with -- Eurasian integration.

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