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May 8, 2024

RealEcon
In Economic Security, Trade-Offs Abound

Policymakers face complex cost-benefit considerations when intervening in the market to mitigate perceived risks, from climate change to competition with China.

(L-R) European Council President Charles Michel, Italy's Primer Minister Giorgia Meloni, Canada's Prime Minister Justin Trudeau, France's President Emmanuel Macron, Japan's Prime Minister Fumio Kishida, US President Joe Biden, German Chancellor Olaf Scholz, Britain's Prime Minister Rishi Sunak and European Commission President Ursula von der Leyen pose for the family photo during a visit to the Itsukushima Shrine in Miyajima Island as part of the G7 Leaders' Summit, on May 19, 2023.

April 1, 2024

Trade
U.S. Trade Policy Is at a Crossroads

Biden’s trade agenda is trying to tackle climate change, domestic jobs, and great power competition, but trade-offs are inevitable. A clear vision on priorities is essential. 

BRADDOCK, PENNSYLVANIA - MARCH 20: A general view of the exterior of the U.S. Steel Edgar Thompson Works, on March 20, 2024 in Braddock, Pennsylvania. Nippon Steel has said that it would relocate its U.S. headquarters from Houston to Pittsburgh, where U.S. Steel (X.N) is located, if their acquisition deal goes through.

May 10, 2024

Asia
What a Second Trump Term Could Mean for Southeast Asia

His aggressive stance toward China could force many in the region to pick a side.

Personal aide John McEntee directs U.S. President Donald Trump as he participates in the U.S.-ASEAN Summit in Manila,

May 14, 2024

RealEcon
On to Wisconsin: RealEcon Visits the Badger State

From ginseng farms to food-processing facilities, Wisconsin businesses shine light on how trade policy and foreign investment impact rural America.

Darin Von Ruden, the owner of the Von Ruden's Organic Dairy Farm walks on his farm in Westby, Wisconsin, on October 3, 2020. - In western Wisconsin, where family-run dairy farms dot the rolling green hills and eagle-watchers peer into the sparkling marshland, signs for Donald Trump and Joe Biden stand directly across each other on neighbors' yards. In a polarized United States where Democrats and Republicans increasingly self-segregate, this stretch of the Upper Midwest alongside the Mississippi River looks

December 20, 2022

Japan
How Japan Is Doubling Down on Its Military Power

Japan’s new national security strategy and related defense plans herald a major military modernization effort in response to perceived threats in Northeast Asia, particularly China.

Military vessels sail in Sagami Bay during the International Fleet Review, held by Japan's Maritime Self-Defense Force.

September 18, 2023

Climate Change
The Energy Transition Is Fueling a Power Transition

Gender equality is a crucial missing piece of the climate puzzle. If governments want a fighting chance of reducing greenhouse-gas emissions and shifting to renewable energy, they must give women mor…

Women collect vegetables from a farm in Keraniganj, near Dhaka, Bangladesh, January 12, 2022.

September 23, 2022

Iran
The Islamic Republic’s Power Centers

Who calls the shots in Iran on economic policy, security, and domestic calls for reform? A look at the government’s organization chart indicates how complicated the answer is.

Close up of Iran's Supreme Leader Ali Khamenei giving an address

May 16, 2024

RealEcon
The Fed’s Trade-Offs as It Navigates Inflation and Growth in 2024

The Federal Reserve’s dual mandate of price stability and maximum employment presents trade-offs as the Fed grapples with the next move of interest rates. 

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022.