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January 22, 2024

Trade
The Curse of Nostalgia: Industrial Policy in the United States

A critical look at the past and present of industrial policy shows that its recent popularity is not only misguided, but is likely to have negative economic and geopolitical consequences for the Unit…

President Joe Biden signs the Inflation Reduction Act in the State Dining Room of the White House in Washington on August 16, 2022.

August 14, 2013

North Korea
Are North and South Korea Back in Business?

North and South Korea seem likely to reopen the Kaesong industrial complex, despite the economic risks Seoul assumes in dealing with Pyongyang, says expert Marcus Noland.

August 4, 2010

North Korea
Why Sanctions Can Hurt North Korea

Washington’s new sanctions against North Korea, focusing on international financial institutions and banking systems, are likely to have more impact than trade sanctions, says North Korea economic ex…

May 6, 2005

Economics
The Neiman Marcus economy powers on …

Luxury retailers are doing better than retailers that sell to poor folks ... that probably reflects the difference between those who are trying to get by on stagnant wage income in the face of higher…

June 27, 2023

United States
What Happens When the U.S. Hits Its Debt Ceiling?

U.S. lawmakers have increasingly used the debt ceiling to re-litigate congressional spending, risking default and sparking debate over whether to abolish the ceiling.

An exterior view of the Capitol dome with storm clouds in the background.