James Tobin, the economist from whom the ‘Tobin tax’ takes its name, explains his reasons for a tax on currency speculation and what problems he originally intended the tax to solve. The tax he proposed was meant to be levied on all currency transactions. The cost of paying the tax would reduce de-...
More than 30 years after I first explored the idea of a levy on cross-border currency speculation, the "Tobin tax" is gaining popularity. In Europe, France's Lionel Jospin and Germany's Gerhard Schroder have both...
More than 200 political leaders, economists, academics and directors of NGOS have issued a call to action from G20 governments, urging immediate global coordination and emergency measures for addressing the COVID-19 pandemic and economic crisis. Both crises “require world leaders to commit to...
Sea levels are rising, and 25 percent of the rise since 1880 has occurred during the last two decades. An increase of a few inches may not seem dramatic, but the economic impacts are expected to be immense. “Higher levels will affect the eight of the world's largest cities that are near a...
Economic models allow societies to analyze complex problems and make sensible decisions. Yale University Professor William Nordhaus has been named winner of the 2018 Nobel Prize in Economics for his research on models that integrate climate change into long-term economic analysis. Paul Romer of New...
Prescient: William Nordhaus of Yale University studied and built models on climate change's long-term effects, including the damage for agriculture, and his work has been recognized with the 2018 Nobel Prize for Economics
NEW HAVEN: William...
The world’s largest economies can rescue globalization by tackling inequality and reforming the international taxation system. In 2013, the OECD improved information exchange. Still, multinationals, especially digital firms, rely on subsidiaries to minimize taxes with as much as 40 percent of...
中国的领导层过渡是个不透明的过程。权力极大的政治局常务委员会预计在十月公布新任命，主席胡锦涛不再担任中国共产党的总书记，把控制权交给副主席习近平。野心勃勃的重庆市委书记的解职、加上就一个英国商人之死而展开地对他妻子的调查让中国权力交接成为了聚焦点。本期耶鲁全球系列文章分析了中国的内部分歧及其对外交政策的影响。中国领导人大致分成两派：支持社会正义方案的民粹派和支持经济增长的精英派。布鲁金斯学会约翰•桑顿中国中心研究主任李成在上篇中指出中国领导层的三个趋势：领导者没有派系那么强有力；强大的特殊利益侵蚀了管治；以及虽然国家很强大，但执政党仍然软弱。由于缺乏有组织的异议，...
华盛顿：薄熙来，一个富有魅力但野心勃勃的政治局委员，他的下台吸引了无数眼球，而这不过是中国悠长的权力政治史上最新的一页。尽管如此，海外中国分析家普遍的观点因此事而变化极大。在薄熙来危机之前，许多人相信中国政治的制度化得到了充分的发展，可以让即将到来的领导层交接如之前2002年那样平稳有序。现在随着危机的展开，很多人认为薄熙来的解职不过是另一次政治清洗，是险恶的政治斗争一般模式的重现。
这两种观点都可能是非常误导的，...
Henry Kissinger secretly visited China in 1971 to restore US ties, and the Chinese have respected him since. With a trade war underway and US concerns about intellectual property theft, the relationship has soured and transformed: from co-evolution, described by Kissinger as pursuit of domestic...
Then and now: Henry Kissinger, former US national security adviser, plans for opening China with Premier Zhou Enlai during a secret trip to Beijing in 1971, and almost five decades later, Xi Jinping and Donald Trump discuss trade over a more...
This decade has witnessed a strengthening of economic ties between a number of Middle Eastern countries and China. While previously the Middle East was seen primarily as a petrol station, explains the Economist, with nearly half of China’s oil supplied by Arab countries and Iran, there was little...
Read the article from the Economist
