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The Supply-Chain Bureaucracy
Back before the covid-19 pandemic — it seems decades ago, not a mere four years — nobody in Washington gave much thought to supply chains. Queues of container ships outside…
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Fifty Years After Car-Free Sundays
Some events from your youth stick with you. For me, one such memorable event occurred 50 years ago, on November 4, 1973, when the Dutch government responded to the OPEC…
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Reality Sets In
Despite ample signs to the contrary, global economic institutions have remained remarkably optimistic about the state of the world economy. This week, that suddenly changed. The World Bank and the…
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Notes on a Visit to Korea
I’ve been lucky enough to visit South Korea twice over the past year, and unlucky enough to encounter extreme weather both times: bone-chilling cold in December and a late-August heat…
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Greenhouse Gases and Open Registries
The International Maritime Organization (IMO) doesn’t normally make headlines, but its new strategy to reduce greenhouse-gas emissions from shipping is a considerable accomplishment. If it succeeds, emissions from international shipping…
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Sustainability and Trade
The cost of mitigating climate change is hard to put a finger on. That’s one conclusion from a recent conference on climate change and macroeconomics at the Peterson Institute for…