Economic Development
America Must Rebuild Its Physical Economy
In order to compete with China and boost growth, the United States must better balance the software and hardware components of its economy.
What Latin America Can Teach Trump about Tariffs
The theory of Import Substitution Industrialization (ISI), and the high tariffs that went with it, brought about economic dysfunction and stagnation to the region. Back in the 1950s, Latin American...
Rand Paul Is Right to Oppose Trump’s Tariffs
The cold, hard truth is that tariffs are bad for the GOP and even worse for America.
Tariffs and the Specter of Smoot-Hawley
Bad trade policy helped prolong the Great Depression. Even a muted repeat of this experience is terrifying. Stock prices have tumbled, and anxieties have soared with the White House announcement...
How Trump’s Tariffs Are Reshaping Global Trade
The unveiling of sweeping trade barriers has fundamentally shifted the nature of global trade diplomacy toward transactionalism. This week, President Donald Trump announced a comprehensive set of tariffs affecting nearly...
Why Donald Trump Might Reverse Course on Tariffs
With trillions of dollars vanishing from financial markets overnight, the president may have little choice but to make an uncharacteristic U-turn.
Tariffs are Bad—so Are Non-Tariff Barriers
U.S. trade policy today is a roller coaster, and the only thing predictable about it is its unpredictability. Tariffs, which Donald Trump once called “the most beautiful word in the...
How Donald Trump Can Beat Europe’s Tech Regulations
If there is one bright spot in Trump’s cacophony of trade threats, it is that the conversation on how to improve the global regulatory space for the average consumer has...
Germany’s Economy Needs a Radical Adjustment
German dependence on China and its foolhardy energy policies have brought low what was once an economic colossus. With tariffs and cabinet instability on the horizon, its prospects are unlikely...
China’s African Edge
As China and Russia gain ground in Africa, the U.S. policy should distance itself from its unpopular European partners. While attempting to stop the war in Ukraine, President Donald J....
Strengthening Economic Statecraft with USAID Reform
With USAID now folded into the State Department, the Trump administration should focus on realigning U.S. global development aid toward strategic competition with China. With USAID now folded into the...
Why Interest Rates Matter
The Federal Reserve’s primary economic policy tool is also a macro-signal of the economy’s health. These days, the Federal Reserve faces a balancing act on how to use its interest...