The persistent human costs of deindustrialisation: Lessons from the collapse of the British coal industry
Industrial decline has been directly linked to a worsening of various social and economic indicators. This column examines how the impacts of deindustrialisation in the
Resolving the stakeholder governance dilemma: An integrated performance approach
The discourse on stakeholder governance has been a contentious issue in recent years. This column argues that the challenge of multiple goals in stakeholder theory
The macroeconomics of narratives
The idea of an episode of negative sentiment causing poor economic performance has gained prominence in the press and drawn attention from policymakers struggling to
The impact of political connections on firm outcomes: Evidence from Germany
In the last 20 years, the share of German firms with political connections has increased, but the impact of political connections on firm growth is
Economic consequences of US-China technological decoupling: An illustrative quantitative analysis
The impact of a US-China technological decoupling on trade, foreign direct investment, and welfare is quantified using a simple dynamic quantitative trade model that includes
Financial crises and the global supply network: Evidence from multinational enterprises
Financial crises affect economic activity and may also distort global supply chains. This column estimates the network effects of crises by examining European multinational enterprises
Exorbitant privilege and the sustainability of US public debt
Despite exceeding 100% of GDP, US public debt is considered safe due to the country’s role as a safe global asset and reserve currency supplier.
Found in translation: Why some countries learn from the West, and most don’t
The transfer of technical information is key to unlocking a country’s ability to develop. This column argues that ‘technical literacy’ is needed so the economy
‘Connector’ countries in a geoeconomically fragmented world
As the global economy fragments along geopolitical lines, countries are seeking new ways to flourish, or at least insulate themselves against geopolitical shocks. Drawing from
Credibility, trust, and perception of authorities’ performance
The credibility of an institution is, almost, synonymous with how well it is trusted. This column uses survey data to examine how trust in various
