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Finance Banking Featured trade World

Mars or Mercury rebooted: The Trump administration, the dollar, and the geopolitics of international currency choice

A 2018 Vox column examined the geopolitical premium enjoyed by the US thanks to its security alliances and ‘dollar diplomacy’. This column, written by one of the original authors, suggests that in light of recent moves by the Trump administration, it is timely to recall the earlier conclusions that countries that rely on the US […]

World Economy Featured trade

Partisan politics and global supply chains: How CEO political alignment shapes trade decisions

Against a backdrop of escalating geopolitical tensions and rapidly shifting global alliances, policymakers are advocating strategies such as ‘friendshoring’ to safeguard supply chain resilience. This column uses data on 700 US firms importing from 96 countries between 2007 and 2020 to show that US firms reduce imports from countries that become ideologically distant from the […]