Showing 1 - 10 of 172
Our tariff-era dollar, your problem
Oped, Qiyuan Xu, Published on 04/02/2026
» In 2025, the dollar index, which measures the greenback's strength against a basket of major currencies, fell by roughly 9.4%. Over the same period, the United States' average effective tariff rate rose by around 14.4 percentage points, from 2.4% to 16.8%, according to the Yale Budget Lab. Taken together, these shifts imply that, in the import trade domain, the US experienced an effective exchange-rate depreciation of around 24%.
It's the economic history, stupid
Oped, Iker Saitua, Published on 14/01/2026
» Every year, I walk into a first-year lecture hall in Bilbao at the University of the Basque Country (EHU) and watch shoulders slump. The title of the course I'm teaching -- "Economic History" -- draws a similarly dejected reaction from my students: "Meh." "Boooring." "What's this even for?" Some call it "the history class", as if it belonged to another century.
The end of China's one-child policy, 10 years later
Oped, Yi Fuxian, Published on 09/01/2026
» Jan 1 marked a decade since China repealed its one-child policy. Just ten days earlier, Peng Peiyun, who long oversaw the often-brutal enforcement of China's family-planning rules, died at the age of 96, having never been held accountable for her actions. Some obituaries praised Peng for being "reform-minded", even though, in practice, she only perpetuated an utterly inhumane policy, whose consequences have barely begun to materialise.
A lesson in geoengineering for grown-ups
Oped, Gwynne Dyer, Published on 18/12/2025
» A few days ago the European Union's Earth Observation programme, "Copernicus", made a special announcement at the end of its monthly report on the state of the climate. It said that the average global temperature for the past three years (2023-2025) has been 1.5 degrees Celsius above the pre-industrial level. That's the level we were warned that we must never exceed.
Trade conflicts destroy the planet
Oped, Qiyuan Xu, Published on 12/12/2025
» Tariff wars are often justified as necessary to protect or reshore manufacturing jobs and to improve national security. But, according to new research, these conflicts produce another outcome that is largely overlooked: pollution. When global supply chains are forced into inefficient detours, carbon dioxide emissions rise.
Nepal's young protesters drive a political reset
Oped, Barbim Karki, Published on 27/11/2025
» Nepal announced fresh elections to be held on March 5 next year following a week of deadly violence in September as an interim government headed by the country's Sushila Karki, the first female prime minister, takes charge.
Adam Smith and the moral economy we have lost
Oped, Antara Haldar, Published on 12/11/2025
» With the 250th anniversary of The Wealth of Nations approaching next year, the world is gearing up to honour Adam Smith. But which Smith should be recognised? The hard-nosed "founding father" of modern economics, or the philosopher who wrote The Theory of Moral Sentiments? Scholars have wrestled with this question, a riddle known as "Das Adam Smith Problem", for centuries, because it concerns not just dualities within Smith's thought, but also our own uneasy relationship with morality and markets.
Scams grow, as laws lag
Oped, Editorial, Published on 30/10/2025
» Last week, police in Chiang Rai province arrested a 35-year-old Chinese national as he went from one ATM to a multitude of others to withdraw cash. A subsequent search of his rented room showed he had in his possession 2,057 ATM cards, 537,900 baht in cash, 35 bank books, and 39 SIM cards. He was initially charged with illegally possessing ATM cards belonging to others in a manner that may cause damage, a charge carrying a maximum sentence of five years' imprisonment.
What to learn from enforced errors of the past
Oped, Jacques Attali, Published on 28/10/2025
» Every generation believes it is living in an unprecedented era with unique challenges. But time and again, the same patterns and motivations have weakened and even destroyed civilisations, or strengthened them and enabled them to flourish. To learn from the past requires recognising its symmetries and resonances.
Measuring the economic impact of AI
Oped, Diane Coyle, Published on 24/10/2025
» Is AI transforming the economy in any real sense, or is the promise of rapid growth mere hype?