Warnings of an AI stock market bubble abound. Should investors and policymakers be concerned? This column argues that innovation-driven bubbles can yield real benefits when
As geopolitical tensions rise, fears of ‘deglobalisation’ have taken centre stage. The US–China trade war, Brexit, and Russia’s invasion of Ukraine have led many to
The starkly different paths of economic development followed by China and the West leading to the Industrial Revolution is often being attributed to environmental factors.
Manufacturing is a locus of innovation, yet standard industry data show manufacturing productivity stagnating in the US. This column argues that standard measurements understate true
Surveys with information provision experiments, a form of randomised control trials, have become popular in economics (for review articles, see Fuster and Zafar 2023 and
While trade debates focus on tariffs and goods, services have quietly defied deglobalisation and become an increasingly important driver of growth. Services trade not only
As populations age, noncommunicable diseases and mental health conditions are draining South American economies, reducing labour supply and diverting resources from investment. This column presents
The transition to a low-carbon economy will require trillions of dollars in annual investment over the coming decades. Recognising this challenge, Article 2.1 of the