March 1, 2023Analysis
The IMF Trap
Debt, austerity, and inequality in Sri Lanka’s historic crisis
Massive demonstrations that swept Sri Lanka last year exposed the serious challenges at the heart of the global economy. In July 2022, former President Gotabaya Rajapaksa was forced to flee the country, only a few months after announcing a hasty…
November 12, 2021Analysis
The Evergrande crisis, “common prosperity,” and the transformation of the Chinese growth model
The ongoing crisis for Chinese property developer Evergrande has made the giant company the focal point of global concern. Creditors, investors, contractors, customers, and employees of Evergrande within and outside China have watched anxiously to see whether the Chinese government would…
July 2, 2021Analysis
Repressing Labor, Empowering China
Cheap money will boost inequality and geopolitical tension but not inflation
Though the lockdown in 2020 threw many workers out of work, the big fiscal stimulus, fueled by government debt and an unprecedentedly large monetary expansion, offered stimulus checks and elevated unemployment benefits to millions of Americans.
April 2, 2021Phenomenal Works
Phenomenal Works: Ho-fung Hung
Rereading Imperialism for twenty-first century tensions
Ho-fung Hung investigates the role of economic development in state formation and global power, with a specific focus on China and East Asia.