Economic cluster theory has been used to describe the growth of many industries, including the automotive business around Detroit, high tech in Silicon Valley, and digital media in Seoul. These ...

BEIJING, Jan. 22, 2025 /PRNewswire/ -- A report from People's Daily: In the face of a sluggish world economic recovery, the rising threat of protectionism, and the widening gap between the rich and ...

I n the epilogue of their blockbuster book Mostly Harmless Econometrics (2009), Josh Angrist and Steve Pischke write, “If applied econometrics were easy, theorists would do it.” As academic jokes go, ...

Partha Gangopadhyay does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations ...

Paul Krugman has won the Nobel Prize in economics. The Royal Swedish Academy of Sciences says the Princeton economist won "for his analysis of trade patterns and location of economic activity." ...

How important is the open exchange of goods to the spreading of prosperity? This important: Since 1950, world trade in goods has expanded from $600 billion (in 2015 dollars) to $18.9 trillion in 2013.

Albert Hirschman’s book on geo-economics written in the context of Nazi Germany is proving prescient. Today, national strategies that weaponize trade flows, critical supplies and financial systems are ...

What are the 50 most important economic theories of the last century? That’s the question a publisher recently asked me to ponder for a book they are developing. I’ve noodled on this over the past ...

Globalization is under attack. The electoral victory of Donald Trump, the Brexit vote and the rise of an aggressive nationalism in mainland Europe and around the world are all part of a backlash to ...