Three forces have always shaped globalisation – technology, policies, and geopolitics. What distinguishes the current moment is that all three are accelerating simultaneously but in different directions. This column introduces a new eBook showing how this divergent acceleration creates transformation rather than retreat from globalisation. But it also generates acute tension between rapidly changing economic flows and policies and slowly adapting institutions, creating fragmentation risks. Nevertheless, the multilateral system's embedded flexibility, economic value, and proven historical capacity for adaptation offer pathways towards cooperative solutions.

Trade Talks, with Chad P. Bown. A podcast about the economics of trade and policy.

Greater openness to international trade has had significant impacts on the structure of the UK and other advanced economies. The role that this greater ope

The United States leads the world in the efficiency of its economy. The world can catch up.

Epidemiological models assume gravity-like interactions of individuals across space without microfoundations. We combine a simple epidemiological fram…

Since 2019, there has been a massive surge in “National Security” notifications at the WTO. Many of these are covers for rank protectionism.

Trade imbalances significantly alter the welfare implications of tariffs. Using an illustrative model, we show that trade deficits enhance a country's ability t