In 1982, the economist Mancur Olson set out to explain a paradox. West Germany and Japan endured widespread devastation during World War II, yet in…
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Tag: Economic Conditions and Trends
North Korea Is Facing a ‘Tense’ Food Shortage
SEOUL — North Korea is bracing itself for a possible food crisis in the coming months. Kim Jong-un, the North Korean leader, issued a rare…
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China, Russia Team Up for a Space Race With the U.S.
Luna 27 and Chang’e-6, for example, are planned to drill into the surface and return samples to Earth — a feat China already accomplished last…
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A Fading Coal County Bets on Schools, but There’s One Big Hitch
“I hear it from kids all the time: I want to get out of here,” said Kristin Johnson, a 24-year-old middle school teacher at Mount…
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Europe’s Summer of Recovery Is More Fragile Than It Looks
ALBUFEIRA, Portugal — Until last week, Raissa Moura and her co-workers at the reception desk of the Pine Cliffs Resort were feeling optimistic that life…
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U.S. Lifts Some Sanctions on Iranians Before Nuclear Talks
WASHINGTON — The Biden administration on Thursday lifted sanctions on three former Iranian government officials and two Iranian companies involved in the country’s oil industry,…
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Johnson to Push ‘Global Britain’ at G7, Even as He Cuts Foreign Aid
Part of the problem for the government is that the fallout from the cutbacks has coincided with the Group of 7 summit, where Britain is…
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America Is Driving the Global Economy. When Does That Become a Problem?
In the math of global economics, a foreign tourist staying in the United States is essentially purchasing an American services export. Travel exports were only…
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Industrial Policy, Alzheimer’s, Pizza: Your Monday Evening Briefing
(Want to get this newsletter in your inbox? Here’s the sign-up.) Good evening. Here’s the latest. 1. The Senate is poised to pass a huge…
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Living on the Margins, ‘Surfing’ on the Buses
“Hold on! Hold on tight!” It was a hot afternoon in Olinda, a coastal city in northeast Brazil, and Marlon da Silva Santos, the leader…
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