August 29, 2017 — Americans have under-estimated the nuclear threat from North Korea and misunderstood what policies would reduce it. At the same time they have over-estimated the importance of bilateral trade deficits with China and misunderstood what policies would reduce them. Now these two different issues intersect.
(August 27, 2017) — Donald Trump has threatened new trade barriers against China while simultaneously depending on Beijing’s help to rein in North Korea’s alarming nuclear weapons program. These two aspects of US policy toward China are at odds. Continue reading
(Dec. 29, 2016) Several countries are undergoing “demonetization” or currency reforms in which the government recalls bills of particular denomination that are circulation and replaces them with new notes. Some of these initiatives are going better than others.
India is still reeling from the consequences of Prime Minister Modi’s announcement on November 8 that 500- and 1000-rupee denomination bills, which constitute 86 % of the cash in circulation, could no longer be used and that residents have until the end of December to turn them in. Continue reading