During Narendra Modi's decade in power, India’s garment exports – the iconic bootstrapping good – have grown by less than 5%, while those of Bangladesh and Vietnam have grown by over 70%, Raghuram G. Rajan observes. bit.ly/4bt10oXraka

Much of the current heightened demand for gold is driven not by goldbug investors, but by central banks that anticipate a change in the international order, Princeton University's Harold James explains. Bypass the paywall at the link. bit.ly/4bh0bj7

A focus on production networks and their evolution in response to shocks and technological innovation opens new avenues for the economics discipline, writes Bill Janeway. Bypass the paywall at the link. bit.ly/4axBGNm

Rather than continuing to depend on “global trade” with advanced industrial economies – a pattern that has kept it poor and undeveloped for the past six decades – Africa needs to build its intra-regional trade, writes Kingsley Moghalu OON. bit.ly/4dVfP5m

Students who want to help end the Israel-Hamas war must recognize that divestment is not the way to do it, writes Anne O. Krueger. bit.ly/3URjcBD

The #EuropeanGreenDeal has accounted for climate-justice considerations since the beginning. But the EU still hasn't gone far enough to offset the profound distributional effects of climate policy, says Simone Tagliapietra of Bruegel and Johns Hopkins SAIS. bit.ly/3VbA1IS

Recent US tariffs on Chinese-made electric vehicles are not just protectionist but also discriminatory, notes Peterson Institute’s Arvind Subramanian. And some developing countries stand to benefit. bit.ly/4awGEJZ

When Vladimir Putin landed in China on his first trip abroad of his fifth term, his hand was practically already outstretched. Notwithstanding the official pomp and propaganda, Xi Jinping might as well have slapped it away, observes Nina L. Khrushcheva. bit.ly/4dOq9Md

.CPR India’s Brahma Chellaney fears that President Biden Joe Biden's conciliatory approach toward China is undermining Indo-Pacific security. bit.ly/3Vb4d6O

.UC Berkeley's Barry Eichengreen asks whether anything can or should be done about the greenback's strength, especially against Asian currencies. bit.ly/4dBRIs2

If Ukraine falls, Europe could suffer for decades, given that Russia will not stop at NATO’s borders, say UC Berkeley’s Yuriy Gorodnichenko and VoxUkraine’s Ilona Sologoub. bit.ly/3QOUNv1

Africans are increasingly rejecting America’s militarized approach to engagement with the continent, observes Centre for the Advancement of Scholarship’ Adekeye Adebajo in a new PS Say More. Read the interview at the link. bit.ly/4afAYUR

A fair financial system would grant all countries equal access to equity. One way to do this would be to reallocate IMF SDRs to the African Development Bank Group, notes William Samoei Ruto, PhD. bit.ly/4awwqtj

US threats to impose tariffs on countries perceived to have weak currencies would introduce further uncertainty into global trade, potentially damaging investment and growth, notes Peterson Institute’s Maurice Obstfeld. bit.ly/3wqKfLP

At first glance, the European Union’s Carbon Border Adjustment Mechanism may look like a potential source of international discord. But a closer look suggests that the EU’s strict carbon-pricing regime may be the best chance the world has to achieve the … ift.tt/wpkFbSD

The predictions of some Chinese economists that China will achieve an annual growth rate of 8% between 2024 and 2035 are as improbable as an 80-year-old winning a marathon, writes UW–Madison’s 易富贤Yi Fuxian《大国空巢》. bit.ly/3QXWDdo

My take on the green subsidies trade war. Put up tariffs if you must, but the moral, economic, environmental arguments are on the side of those that subsidize green products, not those who want to tax them. project-syndicate.org/commentary/gre…

.President Biden Joe Biden is trying to head off Donald J. Trump by playing to the same protectionist sentiments that the latter has been stoking for years. Unfortunately, there are no economically redeeming features to such policies, Carl Bildt writes. bit.ly/3QUPavH

Strengthening the trade between African countries is a necessary first step toward equipping the continent to engage with the world economy on its own terms. For too long, Africa has been trading with others on terms that ensure its place at the bottom o… ift.tt/xnrJDE0

.President Biden’ “small yard, high fence” China trade policy could help India revitalize its constantly underperforming manufacturing sector, argues Peterson Institute’s Arvind Subramanian. bit.ly/4awGEJZ