Faced with slowing economic growth, Chinese policymakers now recognize that the service sector of the economy-transportation, communications, finance, and health care-could spur economic activity and employment. The catch is that China must reform these and other areas to accomplish this goal....

Japan is reemerging as the most important source of foreign direct investment (FDI) in the United States. In 2013 Japanese firms were the largest source of new inflows of FDI into the United States for the first time since 1992, injecting almost $45 billion of fresh investment into the US...

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 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...