Anne O. Krueger

Despite setbacks like the Great Recession and the pandemic, the world economy has had a massively successful run since World War II

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

Among former US President Donald Trump’s many policy mistakes, some of the worst were in the area of trade

A tragedy is unfolding in Sri Lanka. Citizens must queue for food and pharmaceuticals, vehicle owners cannot fill their tanks, and there have been rolling power outages

US competitiveness in chipmaking might deteriorate further because of the legislation

The world is embroiled in a megacrisis comprising the COVID-19 pandemic, Russia’s war in Ukraine, high inflation, recession fears, and rising debt distress across emerging markets and developing countries

International capital flows have long been a major source of economic growth

The great statesmanship and leadership that the United States showed during and after World War II is well known

Until 2017, America’s trade policies were reasonably well aligned with its strategic objectives

To the dismay of many economists, US President Joe Biden’s administration has retained most of its predecessor’s tariffs and trade barriers

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

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

Turkish President Recep Tayyip Erdoğan’s victory lap following his re-election last month will be short, because his country is on the verge of economic meltdown

To the dismay of many economists, US President Joe Biden’s administration has retained most of its predecessor’s tariffs and trade barriers

The contradiction between US President Joe Biden’s major domestic and foreign-policy objectives and his administration’s trade policies has grown increasingly sharp

Puerto Rico is part of the United States, but it is not a state

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

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

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

The world is embroiled in a megacrisis comprising the COVID-19 pandemic, Russia’s war in Ukraine, high inflation, recession fears, and rising debt distress across emerging markets and developing countries