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    What Rebalancing the US Economy Really Requires

    Glenn Hubbard

    US Treasury Secretary Scott Bessent’s defense of President Donald Trump’s trade tariffs as a step toward “rebalancing” the US economy misses the point. While some economies, like China and Germany, need to increase domestic spending, the US needs to increase national saving.

     thinks US Treasury Secretary Scott Bessent is neglecting the need for spending cuts in major federal programs.
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    China Can’t Spend Its Way Out of Trouble

    Kenneth Rogoff

    China’s prolonged reliance on fiscal stimulus has distorted economic incentives, fueling a housing glut, a collapse in prices, and spiraling public debt. With further stimulus off the table, the only sustainable path is for the central government to relinquish more economic power to local governments and the private sector.

     argues that the country’s problems can be traced back to its response to the 2008 financial crisis.
  3. gelfand4_Andrew HarnikGettyImages_trump_gesture Andrew Harnik/Getty Images
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    It’s Time to Abandon Trump’s Flawed Negotiation Playbook

    Michele Gelfand points out that the best dealmakers strive for win-win outcomes, not zero-sum Pyrrhic victories.
  4. muzikarova8_NurPhotoGettyImages_chip_manufacturing NurPhoto/Getty Images
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    America’s AI Iron Curtain

    Soňa Muzikárová explains how US export controls are harming allies and potentially helping Russia and China.
  5. rasoolayub1_Alex WongGettyImages_voa_building Alex Wong/Getty Images
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    America’s Voice No Longer Speaks for Democracy

    Heela Rasool-Ayub explains why authoritarians worldwide are celebrating Donald Trump’s renunciation of democratic advocacy.
  6. bajraktari3_NICOLAS TUCATAFP via Getty Images_fusionreactor Nicolas Tucat/AFP via Getty Images
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    America’s Last Chance to Lead in Fusion Energy

    Ylli Bajraktari warns that China's domination of the sector would give it massive economic and geopolitical leverage.
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    Virtual Migration Could Revive Growth

    Carl Benedikt Frey explains how new technologies can drive growth in rich and poor countries at the same time.
  8. durostu1_Apu GomesGetty Images_LAfire Apu Gomes/Getty Images
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    Insurers Must Embrace Geospatial AI

    Pierre du Rostu touts the technology’s benefits for an industry that must shift its focus from paying claims to managing risk.
  9. op_vaheesan1_Bettmann ContributorGetty Images_FDRdam Bettmann Contributor/Getty Images
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    Getting Abundance Right

    Sandeep Vaheesan urges the creation of public utilities to accelerate decarbonization and improve living standards.
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  1. America’s AI Iron Curtain
    muzikarova8_NurPhotoGettyImages_chip_manufacturing NurPhoto/Getty Images

    America’s AI Iron Curtain

    Apr 3, 2025 Soňa Muzikárová explains how US export controls are harming allies and potentially helping Russia and China.

  2. What Rebalancing the US Economy Really Requires
    hubbard5_SpencerPlattGettyImages_bessent_economic_club_of_new_york Spencer Platt/Getty Images

    What Rebalancing the US Economy Really Requires

    Apr 3, 2025 Glenn Hubbard thinks US Treasury Secretary Scott Bessent is neglecting the need for spending cuts in major federal programs.

  3. America’s Voice No Longer Speaks for Democracy
    rasoolayub1_Alex WongGettyImages_voa_building Alex Wong/Getty Images

    America’s Voice No Longer Speaks for Democracy

    Apr 3, 2025 Heela Rasool-Ayub explains why authoritarians worldwide are celebrating Donald Trump’s renunciation of democratic advocacy.

  4. Insurers Must Embrace Geospatial AI
    durostu1_Apu GomesGetty Images_LAfire Apu Gomes/Getty Images

    Insurers Must Embrace Geospatial AI

    Apr 3, 2025 Pierre du Rostu touts the technology’s benefits for an industry that must shift its focus from paying claims to managing risk.

  5. It’s Time to Abandon Trump’s Flawed Negotiation Playbook
    gelfand4_Andrew HarnikGettyImages_trump_gesture Andrew Harnik/Getty Images
    Free to read

    It’s Time to Abandon Trump’s Flawed Negotiation Playbook

    Apr 2, 2025 Michele Gelfand points out that the best dealmakers strive for win-win outcomes, not zero-sum Pyrrhic victories.

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OnPoint is our suite of subscriber-exclusive content. Get long-read commentaries, thematic deep dives, interviews with world leaders, and much more. Learn more.  

  1. op_vaheesan1_Bettmann ContributorGetty Images_FDRdam Bettmann Contributor/Getty Images
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    Getting Abundance Right

    Sandeep Vaheesan urges the creation of public utilities to accelerate decarbonization and improve living standards.
  2. GettyImages-465335816
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    Jorge Heine on the BRICS, active non-alignment, the US dollar, and more

    Jorge Heine urges the Organization of American States to demonstrate leadership in Haiti, shows how small countries can implement a foreign policy based on active non-alignment, calls on China and Europe to diversify the global monetary system, and more.
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    Fixing Public Finances Without a Chainsaw

    Dag Detter urges cash-strapped countries to adopt a commercial approach to management of government-owned assets.
  4. GettyImages-2176801438 TANG CHHIN SOTHY/AFP via Getty Images
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    The Global South’s Path to Economic Resilience

    Anwar Ibrahim explains how Malaysia and other middle powers are navigating increasingly uncertain geopolitical terrain.
  5. coyle38_DrAfter123Getty Images_AI DrAfter123/Getty Images
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    Diane Coyle on innovation, AI, economic data, and more

    Diane Coyle suggests ways to account for “free” digital services in economic frameworks, considers how to prevent the emergence of AI monopolies, warns that cutting funding for basic research is tantamount to destroying the US economy’s foundations, and more.
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    Abundance and Its Discontents

    James Livingston asks why the absence of economic scarcity is viewed as a problem rather than a cause for celebration.

The “future of work” has become an increasingly frequent and capacious subject of inquiry, reflecting the fact that “work” is not just a private concern but a fundamental component of social, political, and economic life. If it is undergoing profound changes as a result of evolving technological, demographic, and global political factors, so will much else.

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  1. durostu1_Apu GomesGetty Images_LAfire Apu Gomes/Getty Images
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    Insurers Must Embrace Geospatial AI

    Pierre du Rostu touts the technology’s benefits for an industry that must shift its focus from paying claims to managing risk.
  2. jmccarthy1_CRISTINA ALDEHUELAAFP via Getty Images_cocoaghana Cristina Aldehuela/AFP via Getty Images
    1

    Central Banks Must Stem the Nature Crisis

    Julie McCarthy urges monetary authorities to use their tools to mitigate the financial risks of environmental disruption.
  3. jclapp2_NurPhotoGettyImages_cargo_ship NurPhoto/Getty Images
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    The Biofuel Sham Could Worsen Global Hunger and Inequality

    Jennifer Clapp & Olivier De Schutter urge the UN maritime regulator not to encourage the shipping industry to move from one unsustainable fuel to another.

Opinion that Moves

  1. Glenn Hubbard What Rebalancing the US Economy Really Requires
  2. Michele Gelfand It’s Time to Abandon Trump’s Flawed Negotiation Playbook
  3. Kenneth Rogoff China Can’t Spend Its Way Out of Trouble
  4. Paola Subacchi, et al. Will the World Keep Buying US Treasuries?

  1. Heela Rasool-Ayub America’s Voice No Longer Speaks for Democracy
  2. Joseph S. Nye, Jr. How World Order Changes
  3. Adekeye Adebajo South Africa’s Wrestling Match With Trump
  4. Zaki Laïdi Trump vs. Europe

  1. Mahmoud Mohieldin, et al. This UN Debt Initiative Is Different
  2. Fatih Birol, et al. What African Electrification Requires
  3. William Moore Philanthropy in an Era of Declining Development Aid
  4. Wolfgang Fengler Financial Inclusion Must Reach the Last Billion

  1. Pierre du Rostu Insurers Must Embrace Geospatial AI
  2. Montek Singh Ahluwalia Can COP30 Succeed Where COP29 Failed?
  3. Julie McCarthy Central Banks Must Stem the Nature Crisis
  4. Gaston Browne A Defining Moment for Energy Security and Economic Prosperity

  1. Soňa Muzikárová America’s AI Iron Curtain
  2. Ylli Bajraktari America’s Last Chance to Lead in Fusion Energy
  3. Shamika Sirimanne, et al. Will AI Close or Widen the Development Gap?
  4. Jessica Dickinson Goodman, et al. Don’t Let Governments Break Encryption

  1. Ian Buruma Israel’s Blind Spot
  2. Antara Haldar How Aristotle Can Save Us
  3. Yi Fuxian Why China’s Marriage Crisis Matters
  4. Gordon Brown The Internal Challenge to Afghanistan’s Ban on Girls’ Secondary Education

Africa’s economic rise is a world-changing development, but the sources of its emerging strength – and lingering weaknesses – are little understood. W…

  1. Fatih Birol, et al. What African Electrification Requires
  2. Hippolyte Fofack Dismantling USAID Could Boost African Self-Reliance
  3. Jaynisha Patel The Sahel’s Dangerous Downward Spiral

Today’s media landscape is littered with landmines: open hostility from illiberal and autocratic regimes, mounting censorship in countries such as Hungary, Turkey,…

  1. Heela Rasool-Ayub America’s Voice No Longer Speaks for Democracy
  2. Jessica Dickinson Goodman, et al. Don’t Let Governments Break Encryption
  3. J. Bradford DeLong Trump’s Smoke and Mirrors

Oceans cover over 70% of the planet’s surface and account for 97% of its total water supply; they produce half the oxygen that we breathe and absorb o…

  1. Ekhosuehi Iyahen Insuring Coastal and Ocean Resilience
  2. Dadang Mujiono Empty Promises Won’t Save Marine Ecosystems
  3. Maya Delaney, et al. Turning the Financial Tide for Small Island States