Anne O. Krueger

a former World Bank chief economist


WASHINGTON, DC – After ravaging the developed world, COVID-19 is now devastating developing and emerging-market countries, most of which lack the medical and financial capacity to combat the pandemic and its economic effects
30 июня 2020 5 мин. 5173
WASHINGTON, DC – COVID-19 has confronted the world with a horrific crisis. Because developing a vaccine will likely take at least a year, governments need to buy time to keep health-care facilities from being overwhelmed and to minimize the number of people who fall ill and die, not least by reducing the rate of new infections
25 мая 2020 5 мин. 9768
WASHINGTON, DC – US President Donald Trump’s administration is effectively waging war on human health. In addition to imposing tariffs on imported medical equipment and restrictions on exports, the White House has proposed cutting the budget of the US Centers for Disease Control and Prevention by 16%, starting in October. Moreover, Trump has also tried to divert blame on to the World Health Organization, after he himself long denied the threat of COVID-19, initially dismissing criticism of his administration’s response as the Democrats’ "new hoax"
30 апреля 2020 5 мин. 8960
WASHINGTON, DC – The global economy was ripe for a recession even before the coronavirus pandemic struck. Many commentators have been warning that stock markets were overheated, that advanced economies were heading for a slowdown, and that US President Donald Trump’s protectionist policies had disrupted supply chains and ushered in an era of heightened uncertainty. Now, the stock market has finally crashed, and a recession has become almost inevitable
20 марта 2020 4 мин. 5840
WASHINGTON, DC – Would you believe the following story if you heard it? Imagine a small, rural town with one general store that sells to, and buys from, the farmers living in the surrounding area
19 февраля 2020 5 мин. 7806
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. 14442
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. 16411
WASHINGTON, DC – The private sector performs well when firms can compete on a level playing field. But if the state is willing to influence market outcomes for individual firms, politically connected parties can gain an advantage over their more efficient competitors
25 ноября 2019 5 мин. 4146
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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. 35169
Global economic growth since World War II has been an unprecedented success
07 марта 2022 5 мин. 33365
When the economy is going well, the poor benefit more than others
02 мая 2022 5 мин. 32373
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. 30832
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. 30552
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. 25895
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. 23822
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. 16411
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. 15837
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. 14442
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. 5915 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. 25895 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. 7601 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 – COVID-19 has confronted the world with a horrific crisis. Because developing a vaccine will likely take at least a year, governments need to buy time to keep health-care facilities from being overwhelmed and to minimize the number of people who fall ill and die, not least by reducing the rate of new infections
25 мая 2020 5 мин. 9768 Репостов в соцсетях: 0
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 Репостов в соцсетях: 0

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