Latest Posts

  • Photos of yuan and U.S. dollar banknotes are displayed at a money exchange in Hong Kong Forum Article

    Would a dollar-renminbi standard bolster growth?

    A generation of development economists owe Ronald McKinnon, who died earlier this month, a… more

  • A general view of the central business district during autumn in Beijing Forum Article

    Why we shouldn’t worry about China’s “ghost...

    Many observers tend to regard the rise of unoccupied modern “ghost towns,” funded through… more

  • Forum Article

    Five themes for the future of warfare

    The 18th-century German military strategist Carl von Clausewitz defined war as the continuation of… more

  • Forum Article

    The future of central banking

    Next month, policymakers, business leaders, academics, and civil-society representatives will meet in Kiel… more

  • Forum Article

    China’s rebalancing of market and state

    Between 1978 and 2012, China’s GDP grew at an average annual rate of about 10% – from $341 billion to… more

  • Forum Article

    How can China get the right kind of growth?

    For more than three decades, China’s GDP has grown by an average of more than 10% annually. But former… more

  • Forum Article

    China’s evolving web

    In a recent article, the economist Axel Leijonhufvud defines the market system as a web of contracts… more