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Kenneth Rogoff doubts that the technology’s contribution to tax revenues will outweigh massive adjustment costs.

Sunru Yong & Saliem Fakir highlight the need to translate nationally determined contributions into a pipeline of bankable ...

By closing the Strait of Hormuz, Iran has handed the Trump administration a practice test. To pass—and preserve deterrence against a Chinese invasion or blockade of Taiwan—the United States must ...

Inna Bondarenko & Daniel Sleat shed light on a strategy that is designed to disrupt, not transform, the international order.

Adekeye Adebajo shows how starting a spat with the leader of the Catholic Church has eroded Donald Trump’s popularity.

Private credit markets are under growing stress, fueling fears of a financial crisis that could spill over to the real economy. But a closer look at the evidence suggests that the risks are less ...

Luciene Pereira argues that instead of bulldozing informal settlements, governments should make them obsolete.

The kind of hidden wealth that the Panama Papers exposed a decade ago fuels corruption, distorts markets, drives inequality, finances authoritarian regimes, and weakens democracies. Yet it endures—not ...

Lenny Mendonca & Martin Neil Baily see looming worker displacement as a greater challenge than systemic financial concerns.