As the OECD strives to rearrange international corporate taxation, a word of caution is in order. The first "Pillar", if adopted, will spawn a confusing array of new taxes; the second "Pillar" will spur fresh loopholes as national legislatures assert their sovereign prerogatives.

Geopolitical decoupling is intended to, and generally succeeds in, reducing bilateral trade flows. But what about its impact on FDI? This Perspective examines the recent experience of UK FDI after Brexit, and Chinese FDI after Trump.

Enactment of the North American Free Trade Agreement (NAFTA) among the United States, Mexico, and Canada 20 years ago advanced economic integration and started a public debate running to today about the merits of trade agreements in the era of globalization. As the first major trade accord...

The United States and China are among the world's largest trading nations. They serve as the destination and source of the world's largest flows of foreign direct investment, and they participate in regional economic arrangements on trade and investment in the Asia-Pacific region and other parts...