Information and the labour market
Workers often remain in their jobs even when they know they may get higher wages elsewhere, raising questions about the effectiveness of pay transparency laws.
No green growth without innovation
The ‘green growth’ debate is taking place in an oversimplified setting, largely disregarding the innovation factor. Technologies to mitigate climate change are being treated as
How is innovation competition exacerbating global overcapacity?
The world is moving into a period of entrenched manufacturing overcapacity, threatening deflation and stagnant growth. Over the past two decades, China has emerged as
The environmental impacts of export booms in Brazil
Export booms can boost formal job growth and lead to greener employment. In Brazil, between 2000 and 2020, municipalities more exposed to exports showed higher employment
How Donald Trump should have tackled the US trade deficit
The US trade deficits will have to be reduced materially to prevent a crisis down the road. This column argues that fiscal consolidation, in association
Fentanyl: The transnational vector of violence
Since 2013, synthetic opioid overdoses have surged in the US, claiming over 70,000 lives each year. This crisis has had international spillovers, reigniting drug-related violence
Exit costs are entry costs: Why India needs to ease exit barriers for manufacturing firms
Despite an abundance of low-skill labour, India has never experienced the kind of takeoff in low-skill, labour-intensive manufacturing seen in other countries at comparable income
Why some countries win in world trade: Unpacking export competitiveness
Global export competitiveness is rapidly evolving. This column presents a novel granular decomposition of export market share changes into demand and supply effects. Applied to
Dollar steady before US inflation report, US-China tariff deadline
The euro was up less than 0.1% at $1.1652, while sterling was flat at $1.3462. The U.S. dollar was little changed on Monday before Tuesday’s
Currency markets brace for US inflation data
China’s yuan was flat at 7.195 per dollar in offshore trading. Currency markets were in a holding pattern on Tuesday, with traders’ reluctance to make
