American - Global Business and Finance Magazine

New eBook: Trump’s Great Trade Hack

GLOBAL BUSINESS AND FINANCE MAGAZINE
May 19, 2025
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President Trump’s 2025 tariffs mark the onset of the post-American leadership era. This column introduces The Great Trade Hack, a new CEPR Rapid Response book arguing that Trump’s trade policy, driven by a ‘Grievance Doctrine’, is emotionally coherent but economically incoherent. Despite their failure to deliver real solutions, tariffs persist as ‘policy placebos’ that deflect […]

Development Economy Featured Finance poverty

Developing world cities: Poverty traps versus pathways to prosperity

GLOBAL BUSINESS AND FINANCE MAGAZINE
April 28, 2025
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In higher-income countries, urban proximity has been shown to enhance workers’ skills and income, but less is known about low- and middle-income countries. This column examines how the income of initially poor workers in Brazil changes after urban migration. Wages go up immediately for migrants to both southern and northern Brazilian cities, but only in […]