Crises and Coordination

Crises and Coordination

photo: Neil Cummings Policy coordination often receives the same type of response as St. Augustine gave chastity: “Lord, grant me chastity and continence, but not yet.” A new volume from the IMF, edited by Atish R. Ghosh and Mahvash S. Qureshi, includes the papers from a 2015 symposium devoted to this subject. Policymakers in an open economy who […]

The Paradoxical Rivalry of US and China for Industrial Innovation

The Paradoxical Rivalry of US and China for Industrial Innovation

photo: Jonathan Taglione By the early 2020s, rivalry for industrial innovation will accelerate between the U.S. and China. Ironically, the Trump White House has opted for a poor-economy industrial policy, whereas China has a rich-economy policy. The former seeks past glory; the latter cannot wait to get to the future. According to the Trump administration, […]

Why President Trump Should Pursue Shared Prosperity in the World

Why President Trump Should Pursue Shared Prosperity in the World

  photo: Gage Skidmore Introduction. President Trump is not sure what he wants when it comes to America’s global economic strategy. On the one hand, he has been heavily involved with international trade and finance as a businessman and he hired lots of Goldman Sachs international financiers for his administration. On the other hand, he rallies […]