International Selection

The Jones Act shuld protect America's shipping industry – in fact the law almost destroyed it. A commentary by Anne O. Krueger.

President Xi Jinping has replaced collective decision-making with centralized leadership. More – and more calamitous – mistakes are therefore likely. A column by Minxin Pei.

The strongest protection against Japanification is a combination of demand- and supply-side measures at the national, regional (in the case of Europe), and global levels. A column by Mohamed A. El-Erian.

The days of 10% Chinese growth are over. That was inevitable. But there is good reason to believe that the real story is the shift in Chinese output from quantity to quality. A column by Stephen S. Roach.

The great irony is that if China, India, and others continue to remove protectionist barriers and create a level playing field, they will grow stronger and more competitive vis-à-vis the US. A column by Anne O. Krueger.

Alesina, Favero, and Giavazzi will be tarred and feathered for suggesting that in countries with large, inefficient governments, a fiscal retrenchment can sometimes be expansionary. A book review by Kenneth Rogoff.

Miles Kimball, economics professor at University of Colorado Boulder, argues for negative rates and sovereign wealth funds to stabilize the economy.

The fact that eurozone inflation is closer to 1% than 2% is not ideal, but this is a minor inconvenience that has not impeded a continuous decline in unemployment. A column by Daniel Gros.

James Grant, Wall Street expert and editor of the renowned investment newsletter «Grant’s Interest Rate Observer», expects expansionary central banks because they don’t want the stock market to go down.

William White, former chief economist at the Bank for International Settlements (BIS), sees the world in a debt trap. He calls for a global monetary system that disciplines national central banks.

Europe ought to be more integrated physically, through railroads, electricity grids, pipelines. Strictly financial globalization has ignored that kind of connectedness for too long. A column by Harold James.

Investment Strategist Ed Yardeni doesn’t expect an imminent recession in the United States and is therefore still optimistic for stocks.