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DQ Writing Substack

I write on income inequality and social mobility, and on economic approaches to world order and Great Power competition.

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Third Nations Can Piece Together a Ruptured World Order

Synopsis: Third nations have long been expected to endure the consequences of major-power actions.

AI inversion. I asked my local LLM to introspect and join up what I'd been thinking the last four years

This past weekend I looked at my LLMs and decided that for a while I wasn’t going to be asking what the world says or knows.

Negotiating an Inelastic US: Why G-minus is the Realist Outcome

Synopsis: If the US only ever responds inelastically, its diminished international relevance is the expected Realist outcome.

IMF got me rethinking multilateralism: How nations need to worry about aligning incentives, not about size or power

Synopsis: Multilateralism benefits everyone but its costs are asymmetrically distributed.

Multilateralism Can Survive the Loss of Consensus

Synopsis: International cooperation can advance, even when the most powerful players are at odds.

Pricing the China Shock: The Unintended Consequences of Sectoral Trade Protectionism

Synopsis: The China Shock can be measured in terms of import flows or, alternatively, as a price effect.

Good and Bad Industrial Policy Lessons for the Asia-Pacific in a Changing Global Order

One of the more powerful wake-up calls from policymakers for economists recently is this: "Advocating industrial policy was once considered embarrassing---now it should be considered something close to obvious."

Three Ironies in Fracturing World Order

I don't think the current US administration has a plan for the international system.

Dealing with a Two-Shock International System

by Danny Quah

Boao Forum: The Tragedy of Multilateralism for the Global South

by Danny Quah