Understanding the USA

Stephen Roach thinks the outcome of the AI race between China and the US will likely come down to which government invests more in basic theoretical research

Stephen Roach thinks the outcome of the AI race between China and the US will likely come down to which government invests more in basic theoretical research

Desmond Lachman highlights the myriad ways Donald Trump is undermining markets' faith in the US economy and the US dollar

Desmond Lachman highlights the myriad ways Donald Trump is undermining markets' faith in the US economy and the US dollar

Shang-Jin Wei identifies areas where inter-regional cooperation can make up for the abdication of American leadership

Shang-Jin Wei identifies areas where inter-regional cooperation can make up for the abdication of American leadership

Stephen Roach warns that the interplay between wars and tariffs is making a global recession increasingly likely

Stephen Roach warns that the interplay between wars and tariffs is making a global recession increasingly likely

Michael Strain argues that a free-enterprise system is not merely a tool, as J.D. Vance has argued, but an end in itself

Michael Strain argues that a free-enterprise system is not merely a tool, as J.D. Vance has argued, but an end in itself

Kenneth Rogoff warns that US Republican policies will fuel inflation and drive up real interest rates

Kenneth Rogoff warns that US Republican policies will fuel inflation and drive up real interest rates

Aziz Huq sees no reason to believe the US has the capacity to commit to international trade agreements

Aziz Huq sees no reason to believe the US has the capacity to commit to international trade agreements

Nouriel Roubini expects financial and economic forces to constrain Trump's worst impulses

Nouriel Roubini expects financial and economic forces to constrain Trump's worst impulses

Stephen Roach thinks the US pursuing a global minimum tariff while also penalising China increases the risk of a global recession

Stephen Roach thinks the US pursuing a global minimum tariff while also penalising China increases the risk of a global recession

Carl Bildt considers the implications of a US retreat from global leadership and open trade

Carl Bildt considers the implications of a US retreat from global leadership and open trade

A year after it warned them, Moody's Ratings has downgraded the US Government credit rating after things got worse, in a move that will put upward pressure on benchmark bond yields

A year after it warned them, Moody's Ratings has downgraded the US Government credit rating after things got worse, in a move that will put upward pressure on benchmark bond yields

David Mahon says China is responding to the US tariff war by focusing on its internal challenges while strengthening new alliances with the economic refugees of the fragmenting global order

David Mahon says China is responding to the US tariff war by focusing on its internal challenges while strengthening new alliances with the economic refugees of the fragmenting global order

Sergei Guriev explains what it will take to accommodate scholars and students looking for academic homes outside the America

Sergei Guriev explains what it will take to accommodate scholars and students looking for academic homes outside the America

Woo Wing Thye thinks cooperative multilateralism can mitigate the worst effects of the superpowers' tariffs on other countries

Woo Wing Thye thinks cooperative multilateralism can mitigate the worst effects of the superpowers' tariffs on other countries

Harold James observes that past efforts to link trade, monetary policy, and security merely proved ineffective

Harold James observes that past efforts to link trade, monetary policy, and security merely proved ineffective