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
Gold rises more than 1% on risk-off mood, dollar pause
Non-yielding gold tends to do well in a low-interest-rate environment and during times of economic uncertainty. Gold prices gained more than 1% on Wednesday, with
The lasting economic scars of war
Wars leave deep and lasting scars on economies. Using data for 115 conflicts across 145 countries over the past 75 years, this column documents large
Conservation in the path of development: new data to guide road corridor investments
Biodiversity loss poses a direct threat to human well-being, economic development, and planetary health Biodiversity supports food security, clean water, climate stability, and livelihoods —
