Feasibility Pact?
Systemic reform, debt, and political feasibility at the Summit for a New Global Financing Pact in Paris
A brewing sovereign debt crisis threatens to engulf as many as sixty-one countries in debt distress over the coming year. Aid flowing from the global North—which carries the most responsibility for the atmospheric carbon stock—to the global South—which bears the…
Pragmatic Prices
An excerpt from How China Escaped Shock Therapy
European and American traditions of economic theorizing on price control are intimately connected with war—practices and debates over price control peaked amid the two world wars. The experience of the First World War had been one of inflation and limited…
July 20, 2021
AnalysisPath Persistence
Global trade hierarchies across two eras of globalization
What is the legacy of the First Globalization of the late nineteenth- and early twentieth-centuries on the economic fortunes of countries during the Second Globalization? To what extent have countries’ positions in the international economic order been persistent across the…