Cities have faced a host of shocks throughout history. Wars, natural disasters, pandemics, and technological shocks have all impacted city structure (i.e. the spatial distribution
The US introduction of wide-ranging “Liberation Day” tariffs on all its trading partners is set to have far-reaching consequences for international trade patterns and the
In 1989, New Zealand’s central bank moved to a new method for controlling inflation that has since become known as ‘inflation targeting’. In subsequent decades,
Sudden stops in international capital flows – episodes where foreign financing rapidly withdraws – have long been a challenge for policymakers, especially in emerging markets.
The re-election of Donald Trump has led to heightened uncertainty in the global economy (Grzana and Ilzetzki 2025). The whiplash-inducing, erratic tariff announcements on and
Global external assets exceeded 200% of world GDP in 2020. Comparing the performance of foreign investments for 13 advanced economies between 1975 and 2023, this
Youth unemployment remains high across many parts of Asia and the Pacific despite steady economic growth. To bridge the gap, countries must reform education systems
Mongolia’s harsh winters and dependence on mining make it particularly vulnerable to economic shocks. Proactive adaptation strategies—including resilient infrastructure, diversified trade, and social protection—are critical
Energy is critical for development on a livable planet. In most countries of the world, energy is taxed differently than other goods or services. Latin