As the United States emerges from the Great Recession, concern is rising over the issues of income inequality, stagnation of wages, and especially the struggles of lower-skilled workers at the bottom end of the wage scale. A number of major American employers—for example, Aetna and...

China's rise as an economic power in the last quarter century has posed a range of challenges for the rest of the world, especially in the aftermath of the global financial crisis of 2007–09. To elucidate the issues and deepen understanding between China and the United States, the Peterson...

The willful US fiscal crackup of 2012-13 will impose costs unless politicians' change their behavior and return to practicing good governance. In the past, the United States ran deficits, or put off some harder long-term choices, but basic budgetary processes worked. Everyone worldwide, whether...

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...

Prime Minister Shinzo Abe's economic policies--dubbed Abenomics--have been successful on some but not all fronts. The Japanese government must still pursue policies to increase economic growth. This PIIE Briefing, released on the heels of Prime Minister Abe's election victory in December, calls...

Europe must adopt policies to grow and reform at the same time to reverse its downward economic slide, excessively low inflation, high unemployment, and the risk of a lost decade or more. Seven years after the start of the global financial crisis in 2007, the prospect of secular stagnation...

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...