international-economics

In the three decades since its framing as a liability, the concept of foreignness has been theorized as the context that generates additional costs for firms that operate outside their home countries. Yet the concept of foreignness itself has not been conceptually clarified. This paper argues that foreignness is a function of the political and economic sovereignty of the host territory vis-à-vis …

Greg Mankiw (noreply@blogger.com)
2/3/2025

The Wall Street Journal rightly calls the new Trump tariffs " the dumbest trade war in history ." One positive side effect, however, is that they led me to stumble upon this old article by Doug Irwin , which I don't recall having previously seen. Though nearly 30 years old, Doug's piece is a great introduction to some of the most important ideas of international economics, which are especially re…

With geopolitics reshaping global trade, the United States must double down on economic partnerships with allies to counter its adversaries. The post The era of economic alliances beckons. The US should lead the way. appeared first on Atlantic Council .

By Sangita Gazi and Christabel Randolph In a 2022 report, International Monetary Fund (IMF) states that ‘[t]he dollar’s share of global foreign-exchange reserves fell below 59 percent in the final quarter of last year, extending a two-decade decline’. However, surprisingly, the decline in the dollar is not associated with the ‘increase in the shares of […]

Authors Glenn Hubbard & Tony O’Brien reflect on the global economic effects of Russia’s invasion of Ukraine last week. They consider the impact on the global commodity market, US monetary policy, and the impact on the financial markets in the US. Impact touches Introductory Economics, Money & Banking, International Economics, and Intermediate Macroeconomics as the … Continue reading "3/01/22 Podc…

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