OWING AND OWNING: LATIN AMERICA, CHINA, AND THE PANDEMIC

Most Latin American countries are resource-dependent, some excessively, meaning that their central governments rely on rents from the extraction of natural resources to finance a significant portion of their budgets. In addition to overwhelming healthcare systems almost everywhere, COVID-19 is on track to cause a severe economic contraction all over the globe. Recently, the International […]

THE FRAGILITY OF U.S. ECONOMIC PROSPERITY — ECONOMICS SERIES

For the past decade or so, the economics profession has been scratching its head hard to figure out why has [the engine of U.S. production] started to falter? Without question, the state of the U.S. economy shapes the conversation between national leaders and the military over strategies, requirements, and capabilities. But economics is not a […]