International Economics

The Chinese Communist Party drastically reduced Hong Kong’s autonomy in 2020 with a national security law and has cracked down on resistance ever since. The consequences have left its people culturally and economically poorer, writes Casey Moser.

George Stigler posited that economic regulation is best understood as a product created via a market process. In the market for regulation, different participants—such as politicians, firms, and voters—buy and sell the rules of the game to serve their individual interests. In new research, Jac Heckelman and Bonnie Wilson use Stigler’s theory of economic regulation and special interest capture to study why foreign aid to developing countries that is tied to market reform has not successfully accomplished its goals.

The return of Luiz Inácio Lula da Silva as president of Brazil accompanies a renewed emphasis on sustainability. However, discrepancies in his rhetoric and the policy of his administration reveals a rift between the administration’s twin goals of sustainability and economic development, writes Stephanie Tondo

In a recent paper on “The Great Startup Sellout,” Bruno Pellegrino of Columbia University and a Stigler Center affiliate fellow, and Florian Ederer of Boston University, study how the changing life cycle of startups is affecting competition in the US economy. They conclude that the companies acquiring startups have become more and more insulated from competition.

In recent years, many Asian countries have received attention for their burgeoning economic development and innovation. Much of this development and innovation is driven by business groups, large and highly diversified networks of firms with common ownership (such as Samsung). Simon Commander and Saul Estrin argue in their new book that the role of business groups as catalysts for innovation is much more nuanced than the hype suggests. 

Scholars and policymakers have put much faith into the prospect of internet connectivity catalyzing development in low- and middle-income countries. In new research, Pinelopi...

Efficiency is out and political economy is in. But what does that imply about making good policy? When Barack Obama was asked about carbon pricing...

Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s back in...

The literature on globalization’s impact on women’s workforce participation generally takes a positive outlook but still produces mixed results. In their research, Yoav Roll,...

One year later, what has the world learned about conflict from the war in Ukraine? In an interview with ProMarket's Walter Frick, Chris Blattman...