
Third Nations Can Piece Together a Ruptured World Order
Synopsis: Third nations have long been expected to endure the consequences of major-power actions.
I write on income inequality and social mobility, and on economic approaches to world order and Great Power competition.
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Synopsis: Third nations have long been expected to endure the consequences of major-power actions.

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.

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

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

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

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

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

by Danny Quah

by Danny Quah