Economics

Going back to mercantilism and trade blocs. In her new and important book “Homecomings,” Rana Faroohar dissects globalization as we know it and looks at what lies ahead. Faroohar’s point is not new, but is told with unusual clarity and it comes at the right time. It is …

Bary Herman Why the world should pay attention to the 2025 UN conference on Financing for Development. Even absent major armed conflicts reaching Europe in February 2022 and the Gaza Strip in 2023, the political, economic and social ties of globalization have been considerably weakened. Three years marked …

John West Many speculate that leadership of the world order is passing from the U.S. to China. But a more likely outcome could be growing world political disorder and anarchy. The United States, Japan and most Western countries are panicking at the prospect of the demise of the …

Farmers’ protests have already caused disruptions in France, Germany, Italy, Belgium, Poland, Romania and the Netherlands. Europe has experienced an explosion of protests for weeks now by farmers against what they say is excessive red tape, high fuel costs and unfair competition coming from the EU’s liberal trade …

Given their poor forecasting track record, the economic profession could benefit from a dose of humility. Wall Street traders are fond of saying that the consensus economic view is seldom proved correct. Today’s stronger-than-expected GDP numbers and inflation’s welcome deceleration offer yet another example of where the consensus …

America’s national debt is too high. The deficit is too big. Economic growth is too slow. Those are the symptoms. The problem—it is worth repeating—is spending. The problem is spending. The problem is spending. The debt is too high. The deficit is too big. Economic growth is too …

Supporting a compromise on Ukraine aid and border protection seems more likely to yield electoral advantage for Donald Trump both immediately and in the long term. With prospects for a Senate border compromise looking increasingly murky amid opposition from former President Donald Trump, further substantial U.S. military assistance …

Italy’s profile as a supporter of the EU and NATO has risen since the inauguration of Prime Minister Giorgia Meloni. In ancient Rome, Janus was revered as the two-faced god of beginnings and transitions. Hence comes the naming of the first month of the year, January. In modern …

The negotiations between Russia and Ukraine in Spring 2022 never had a chance, and their course revealed profound differences between Moscow and Kyiv. The Istanbul Accords have reached a mythic status in segments of the non-interventionist commentariat with whom I usually agree. Numerous thinkers whom I greatly esteem—Alexander …