One of the narratives being pushed by Russia is that its economy is doing better than the West, and that sanctions are not working. This column looks at how the Russian economy worked before the invasion in 2022 and some of key statistics currently coming out from Russian authorities. The findings suggest that the Russian […]
Democracy promotes economic development (Naidu et al. 2014, Acemoglu et al. 2019). However, a rising internal threat is spreading across democracies worldwide: populism (Tabellini 2019, Guriev and Papaioannou 2022). One way to conceptualise populism is as a ‘thin-centered’ ideology that views society as fundamentally divided into two homogeneous, opposing groups: ‘the people’ against ‘the elite’. […]
One of the classic insights from international economics is that there are winners and losers from trade. Recent research has pointed towards geography as a dimension along which the distributional consequences of international trade can occur (Topalova 2010, Autor et al. 2013, Dix Carneiro and Kovak 2018). We provide new theory and evidence on these […]
