Covid is accelerating the transition away from cash and encouraging the development of state-backed digital currencies. In the past two weeks, the People's Bank of China launched a trial run for digital renminbis in three major cities, and the Boston…

At present it's difficult to think of much else beyond the fragility of our global economic infrastructure. A 2012 discussion paper by RICHARD BALDWIN looks at global supply chains: their history, future, and policy implications.