Anne O. Krueger

a former World Bank chief economist


WASHINGTON, DC – US President Joe Biden’s administration is reassessing America’s China strategy. Donald Trump’s modus operandi was to bully China on trade, foreign investment, cyberspace, e-commerce, intellectual property, the South China Sea, Taiwan, and other issues. Making matters worse, the Trump administration chose to deal with China bilaterally, neglecting European, Australasian, and Latin American allies who shared many of America’s concerns and would have strengthened the United States’ bargaining position
25 февраля 2021 5 мин. 5157
WASHINGTON, DC – The COVID-19 pandemic has spread globally and will not be over until it has been brought under control everywhere. Hence, international efforts are underway to support the world’s poorest countries. COVAX, a multilateral initiative organized by the World Health Organization and Gavi, the Vaccine Alliance, is arranging purchases of vaccines to be distributed equitably to developing countries
28 января 2021 4 мин. 5047
WASHINGTON, DC – The world has received the best possible gift for the coming year. The development of safe and effective COVID-19 vaccines in such a short time is something close to a medical miracle and portends an end to the crisis that dominated 2020
24 декабря 2020 5 мин. 6220
WASHINGTON, DC – Until 2016, global leadership was a hallmark of American greatness. The United States was at the forefront of establishing and supporting the United Nations, the International Monetary Fund, the World Trade Organization, and much else. America was exceptional in that, despite its stature at the end of World War II, it chose to build a world order through multilateralism and global institutions, rather than pursuing reparations and unilateralism
24 ноября 2020 5 мин. 4665
WASHINGTON, DC – It has taken four years, but US President Donald Trump’s tax avoidance and deep indebtedness are finally being exposed, as are his many acts of self-dealing and efforts to benefit his cronies. Under Trump, the United States has begun to epitomize crony capitalism, whereby political leaders extend benefits and protection to businesses in exchange for political acquiescence and economic favors
27 октября 2020 5 мин. 3703
WASHINGTON, DC – Since World War II, the global economy has performed beyond the wildest dreams of its post-war architects, yielding unprecedented gains in health, education, living standards, poverty reduction, and wealth. Central to this success was the growth and liberalization of international trade, which was made possible with US leadership in the creation and stewardship of an open multilateral trading system
24 сентября 2020 5 мин. 5176
WASHINGTON, DC – The US federal debt-to-GDP ratio rose sharply during the 2008-09 Great Recession and continued rising thereafter, going from 62% in 2007 to 90% in 2010. By 2019, it had reached 106%, and the Congressional Budget Office was warning that the trust funds for Social Security and Medicare would be exhausted by 2028. Many economists argued that a debt-to-GDP ratio of 100% was already worryingly high, and that the future tax increases needed to reduce it would be massive
24 августа 2020 5 мин. 3676
WASHINGTON, DC – The future of the world economy is becoming clearer. At the outset of the pandemic, there were lively disagreements over whether the lockdown and other measures were warranted, or whether the economic costs were too high. Now, it is increasingly evident that economic activity will resume fully only after lockdown restrictions have been given time to work. Otherwise, COVID-19 will continue to spread, making a sustained and rapid economic recovery all but impossible until the arrival of effective, widely available vaccines
24 июля 2020 5 мин. 5914
Страницы:
Russia’s invasion of Ukraine has heightened everyone’s appreciation of global issues and interconnectivity. In addition to geopolitical and defense concerns, there is a renewed focus on the state of international trade
28 мая 2022 5 мин. 35167
Global economic growth since World War II has been an unprecedented success
07 марта 2022 5 мин. 33363
When the economy is going well, the poor benefit more than others
02 мая 2022 5 мин. 32371
Despite setbacks like the Great Recession and the pandemic, the world economy has had a massively successful run since World War II
08 октября 2021 5 мин. 30830
Although the pandemic has caused upheavals and hardship around the world, it has fallen particularly hard on low- and middle-income countries
23 января 2022 5 мин. 30550
Inflation has become a hot-button political issue worldwide. In the United States, the consumer price index increased at an annual rate of 8.6% in May, and EU inflation is not far behind. The root cause of the problem is that too much money is chasing too few goods
03 июля 2022 5 мин. 25877
WASHINGTON, DC – Turkey’s economy is in crisis. Inflation is high and rising, economic growth is stalling, foreign-exchange reserves have plummeted, many goods are in short supply or simply unavailable, and low- and middle-income households are increasingly impoverished
02 января 2022 4 мин. 23821
WASHINGTON, DC – After nearly 18 months of tit-for-tat tariff increases, the United States and China have reached a “phase one” agreement to start de-escalating their trade war. As part of the deal, US President Donald Trump canceled further tariff increases on Chinese goods that had been scheduled to take effect on December 15, and halved a 15% tariff on $120 billion worth of imports from China. As for China, it shelved its planned retaliatory measures and committed to import some $50 billion worth of US agricultural products in each of the next two years
23 декабря 2019 5 мин. 16410
Among former US President Donald Trump’s many policy mistakes, some of the worst were in the area of trade
29 ноября 2021 5 мин. 15832
WASHINGTON, DC – Following America’s disastrous 1930 Smoot-Hawley Tariff Act, the subsequent international trade war, and eventually World War II, the United States went on to lead the world toward a more open multilateral trading system. In 1947, the international community adopted the General Agreement on Tariffs and Trade, which would later become the World Trade Organization. Under this international body, trade was bound to the rule of law and the principle of non-discrimination among trading partners
28 января 2020 5 мин. 14440
WASHINGTON, DC – The future of the world economy is becoming clearer. At the outset of the pandemic, there were lively disagreements over whether the lockdown and other measures were warranted, or whether the economic costs were too high. Now, it is increasingly evident that economic activity will resume fully only after lockdown restrictions have been given time to work. Otherwise, COVID-19 will continue to spread, making a sustained and rapid economic recovery all but impossible until the arrival of effective, widely available vaccines
24 июля 2020 5 мин. 5914 Репостов в соцсетях: 283
Inflation has become a hot-button political issue worldwide. In the United States, the consumer price index increased at an annual rate of 8.6% in May, and EU inflation is not far behind. The root cause of the problem is that too much money is chasing too few goods
03 июля 2022 5 мин. 25877 Репостов в соцсетях: 5
WASHINGTON, DC – When you try something for 99 years and the situation keeps getting worse, it is time to try something else. The United States Congress passed the Merchant Marine Act of 1920 (also known as the Jones Act) in order to protect America’s shipping industry and strengthen national security. But the law has almost destroyed the industry, and imposed huge costs on America’s businesses, consumers, and the environment. It needs to be sunk
25 апреля 2019 5 мин. 7772 Репостов в соцсетях: 4
Washington, DC – US President Donald Trump’s “trade war” with China has been slogging along for more than a year now, and could escalate further if current talks do not lead to a deal
15 марта 2019 5 мин. 7600 Репостов в соцсетях: 2
WASHINGTON, DC – Late last month, US President Donald Trump threatened to impose tariffs on imports from Mexico in ten days if it did not halt the flow of migrants from Central America. The tariffs would start at 5% and then increase by five percentage points monthly until reaching 25% in October. The announcement came as a shock, especially given that the United States and Mexico (plus Canada) had reached an agreement on a revised North American Free Trade Agreement just months earlier, at Trump’s insistence. Ratification of the new trade deal, the US-Mexico-Canada Agreement (USMCA), is now in jeopardy
17 июня 2019 5 мин. 7624 Репостов в соцсетях: 2
The world has witnessed many sharp economic declines over the years, but Venezuela’s is surely one of the worst to date. The country has experienced a loss of real (inflation-adjusted) GDP greater than that of most war-ravaged countries during World War II, and its inflation rate is expected to reach 10,000,000% this year. At well over 100 times the black-market rate, the official exchange rate depreciates so rapidly that a quote has lost its meaning by the time it is published
25 февраля 2019 5 мин. 7078 Репостов в соцсетях: 1
In the nineteenth century, more than 70% of American workers were farmers. By 2017, that figure was under 2%. In 1970, about 32% of private employment was in goods-producing industries. By 2018, that figure was 13.5%. The dynamic sectors of the American economy are in services, though US President Donald Trump, with his fixation on old manufacturing industries, doesn’t seem to have grasped that
21 декабря 2018 5 мин. 6486 Репостов в соцсетях: 1
WASHINGTON, DC – Not content with its trade war against China, US President Donald Trump’s administration has also opened bilateral trade negotiations with Japan. Yet whatever Trump hopes to achieve with Japan, it will be far less than what he threw away when he abandoned the Trans-Pacific Partnership (TPP) in early 2017
21 мая 2019 5 мин. 7771 Репостов в соцсетях: 1
WASHINGTON, DC – Proponents of a higher minimum wage are well-intentioned in their effort to help low-wage workers. But whether a higher minimum wage would help most workers is debatable. Though it would raise wages for some, it would leave total compensation for others the same and reduce to zero the wages of those who lose their jobs as a result
29 марта 2021 5 мин. 4987 Репостов в соцсетях: 0
WASHINGTON, DC – Turkey’s economy is in crisis. Inflation is high and rising, economic growth is stalling, foreign-exchange reserves have plummeted, many goods are in short supply or simply unavailable, and low- and middle-income households are increasingly impoverished
02 января 2022 4 мин. 23821 Репостов в соцсетях: 0

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