The U.S. Department of the Treasury should transform its foreign currency report so it can be used as a tool to combat currency manipulation. This would be an important step toward a more balanced global economy with fewer persistent deficits and surpluses.
In modern economies, people may have jobs, but they still harbor major concerns in a wide range of areas, including security, health and work-life balance, income and distribution, training, mobility, and opportunity. By focusing solely on the unemployment rate, policymakers are ignoring the many dimensions of employment that affect welfare.
The Trump administration has destroyed the World Trade Organization’s Appellate Body, much to the dismay of those needing the certainty of a rules-based trading system. Three reforms could get it back on track.
While squarely confronting the scale of the risks the world faces because of climate change, this pragmatic guide focuses on solutions—some gradual and some more revolutionary—currently being deployed around the globe.