The narrowing path: Trade and development in a new era
For decades, international trade has been a powerful engine of development. Countries like South Korea and China achieved remarkable transformations – moving from low-income agricultural
The economics of the second Trump administration
As soon as he took office for the second time, Donald Trump made it clear that there would be dramatic changes in US government policy.
Raising employment among women and older workers: A policy lever for ageing economies
Declining working-age populations are set to weigh on growth across economies where the European Bank for Reconstruction and Development invests and beyond, with demographic projections
Aligning drug prices and innovation: How global spillovers shape the future of medicines
As the US and EU push forward with drug-pricing reforms, the topic has moved to the centre of political debate. This column shows how national
The Promise and Policy Implications of the 30×30 Initiative for Global Biodiversity Conservation
Biodiversity is declining at unprecedented rates, undermining the foundations of human survival and prosperity. Healthy ecosystems provide food, clean water, and climate stability, yet a major
The economic value nations create for others relative to domestic gains
True economic power lies not only in what a country gains from trade, but also in how much it contributes to the prosperity of others.
Pension design and general public finances: Beyond baseline actuarial neutrality
The design of pension rules must take into account, through an actuarial neutrality approach, the adjustments to pension levels that are necessary in the case
Then and now: A look back and ahead at the US federal budget
There is now widespread concern that the US faces an unsustainable fiscal future under current policies. The rise in the debt-to-GDP ratio since 2001 can
The European Union’s new fiscal rules: A fine line between brilliant masterpiece and another chapter of déjà vu
The 2024 reform of the European Union’s fiscal framework promises long-term sustainability through greater national ownership and country-specific medium-term expenditure paths. This column argues, however,
China’s Belt and Road Initiative and the shifting landscape of trade and investment
China’s Belt and Road Initiative has reshaped international economic and political ties among countries and reorganised global value chains. This column reveals that the initiative
