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The real cost of de-dollarisation

The Chinese renminbi, which accounts for less than 3% of global reserves, is not a threat to dollar hegemony COMMENT | BENN STEIL | At the end of World War II, the United States accounted for more than half the world’s economic output and gold reserves. The United Kingdom was effectively …

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Pareto and the roots of politics

Why he didn’t politics could be understood from the self-serving narratives of the protagonists COMMENT | ALERTO MINGARDI | Many political disputes in recent years have been framed as battles between economic rationality and eruptions of irrationality that we label populism. But cognitive psychologists and economists would point out that political …

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Navigating power dynamics

  Contextualising the role of local community foundations in evolving international development paradigms COMMENT | HASHIM WASSWA MULANGWA | Localisation has recently become a topical issue in international development debates, and in a recent speaking engagement on international philanthropy and its intersection with local community foundations, I had the opportunity to …

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Economists reconsider industrial policy

Recent research takes a productive approach than in the past when economists focused on simple indicators COMMENT | DANI RODRIK, REKA JUHASZ & NATHAN LANE | As policymakers around the world embrace industrial policy in pursuit of a wide variety of objectives  supply-chain resilience, green technologies, geopolitical advantage, good jobs  the …

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