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Emerging-Market Petrostates Are About to Melt Down

Collapsing oil prices risk igniting a sovereign debt crisis in emerging markets.

Amy Myers Jaffe

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Coronavirus Apr 2, 2020 Snapshot

Emerging-Market Petrostates Are About to Melt Down

Collapsing oil prices risk igniting a sovereign debt crisis in emerging markets.

Amy Myers Jaffe

Economics Mar 31, 2020 Essay

The Comeback Nation

During the 2010s, the United States staged a comeback as an economic superpower and reached new heights as a financial empire.

Ruchir Sharma

Traders at the New York Stock Exchange in New York, March 2020

Economics Mar 30, 2020 Snapshot

The U.S. Economy Is Uniquely Vulnerable to the Coronavirus

High-stakes decisions must now be made about how to protect national economies from the effects of COVID-19. Unfortunately, the role that private-sector debt plays in...

Mark Blyth

Political Economy Mar 25, 2020 Snapshot

China Needs Bigger Government

The pressure China puts on the global economy stems not from the government's dominant role in its domestic economy, but from the opposite problem—the limited role of...

Brad W. Setser

An injured migrant worker in Jiaxing, China, February 2013

Coronavirus Mar 19, 2020 Snapshot

The Real Pandemic Danger Is Social Collapse

The world could be witnessing a fundamental shift in the very nature of the global economy.

Branko Milanovic

Disinfecting the New York Stock Exchange, New York City, March 2020

Economics Mar 9, 2020 Snapshot

Argentina Stares Down Yet Another Default

How President Alberto Fernández handles Argentina’s foreign debt crisis will define his legacy.

Bruno Binetti

Pope Francis and Alberto Fernández in the Vatican, January 2020

Political Economy March/April 2020 Review Essay

The Dismal Kingdom

Two new books inquire whether economists are doing more harm than good to U.S. society.

Reviewed by Paul Romer

Finance Jan 24, 2020 Snapshot

The Twilight of America’s Financial Empire

Like ancient Athens, the United States risks using its financial power to alienate allies and precipitate its own downfall in the process.

Henry Farrell and Abraham Newman

The Federal Reserve building in Washington, Septemper 2019

Capitalism January/February 2020 Essay

The Neoliberal Collapse

Neoliberalism is not just failing people, it’s failing the planet. It’s time for a new economic model that prioritizes the environment and gives workers a larger stake...

Miatta Fahnbulleh

Enter stage left: the Labour Party leader Jeremy Corbyn in London, October 2019

Capitalism January/February 2020 Essay

The Neosocialist Delusion

If the policies of democratic socialism were ever put into practice, they would lead to disaster.

Jerry Z. Muller

The heirs of Rousseau: Ocasio-Cortez and Sanders in New York City, October 2019

Capitalism January/February 2020 Essay

The Clash of Capitalisms

Capitalism has no rival, but its two variants—led by the United States and by China, respectively—offer significantly different ways of structuring political and...

Branko Milanovic

Capitalism January/February 2020 Essay

The Starving State

Nothing less than a bold new regime of domestic and international taxes will save wealthy democracies and economies from the distortions and dangers of rampant...

Joseph E. Stiglitz, Todd N. Tucker, and Gabriel Zucman

The Collapse of Venezuela

Explore the Anthology

Business Nov 4, 2019 Snapshot

The Strange Triumph of Narendra Modi

Prime Minister Narendra Modi may still be popular with the Indian public as his government basks in the glow of a hugely successful re-election campaign. But the...

Milan Vaishnav

India's Prime Minister Narendra Modi at the World Economic Forum in Davos, Switzerland, January 2018.

Latin America Oct 22, 2019 Snapshot

The Resurrection of Cristina Fernández de Kirchner

Will Cristina Fernández de Kirchner resume control over Argentina?

Ricardo Kirschbaum

Cristina Fernández de Kirchner in Buenos Aires, Argentina, August 2019

Finance Oct 22, 2019 Snapshot

La resurrección de Cristina Fernández de Kirchner

¿Qué significa el regreso de Cristina Fernández de Kirchner a la política argentina?

Ricardo Kirschbaum

Cristina Fernández de Kirchner en Buenos Aires, agosto del 2019

Finance November/December 2019 Review Essay

The Virtue of Monopoly

The real problem in today’s stock markets is not the omnipresence of high-frequency traders but the growing fragmentation of the markets, which hurts the 99 percent.

Reviewed by Felix Salmon

Political Economy July/August 2019 Review Essay

How Should a Liberal Be?

William Bagehot, the nineteenth-century editor of The Economist and a leading representative of British liberalism, has much to teach his political heirs.

Reviewed by Sebastian Mallaby

Globalization May/June 2019 Review Essay

A World Safe for Capital

Stephen Wertheim reviews "Globalists: The End of Empire and the Birth of Neoliberalism" by Quinn Slobodian, the story of how a small set of neoliberal intellectuals in...

Reviewed by Stephen Wertheim

Globalization March/April 2019 Comment

The Broken Bargain

The postwar liberal order was a compromise designed to balance the needs of internationalism and national autonomy. In recent decades, however, that compromise has...

Jack Snyder

Meeting in the middle: Viktor Orban greets Angela Merkel in Budapest, February 2015.

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Political Economy

Emerging-Market Petrostates Are About to Melt Down

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Emerging-Market Petrostates Are About to Melt Down

The Comeback Nation

The U.S. Economy Is Uniquely Vulnerable to the Coronavirus

China Needs Bigger Government

The Real Pandemic Danger Is Social Collapse

Argentina Stares Down Yet Another Default

The Dismal Kingdom

The Twilight of America’s Financial Empire

The Neoliberal Collapse

The Neosocialist Delusion

The Clash of Capitalisms

The Starving State

The Collapse of Venezuela

The Strange Triumph of Narendra Modi

The Resurrection of Cristina Fernández de Kirchner

La resurrección de Cristina Fernández de Kirchner

The Virtue of Monopoly

How Should a Liberal Be?

A World Safe for Capital

The Broken Bargain

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Emerging-Market Petrostates Are About to Melt Down

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