The worldwide trend towards privatization, liberalization and globalization has produced substantial economic benefits. Nevertheless, liberalization has had its shortcomings and there are potential threats to further progress, including in particular an antiliberalization backlash. Continuing progress depends on the ability to articulate a clear vision of the positive effects of global liberalization and to establish institutions and policies which can help realize that vision. Reversing globalization would harm the worlds poorest inhabitants.
Charles W. Calomiris is the Arthur F. Burns Scholar in Economics at AEI.
What lies ahead for Cuba after Castro? Mark Falcoff writes that an economically unviable and otherwise dysfunctional Cuba could in coming years pose an even bigger threat to the United States than in its communist heyday.
Meticulously researched and textured with fascinating details, these essays "show" as well as "tell" where Russia has been in the past fifteen years and where it is going.
