As geopolitical tensions from Ukraine to the Middle East disrupt global supply chains, understanding how diverse commodity shocks affect the broader economy has become increasingly
As advanced economies age, firms increasingly rely on younger immigrants for physically demanding, entry-level jobs. This column presents evidence from Korea’s pandemic-era border closure showing
China is undergoing a sharp demographic transition: rapid population ageing, a shrinking labour force, persistently low fertility, and continued urbanisation. Using an overlapping-generations framework, this