World

Policymakers can use two basic strategies to attract manufacturing investments. These involve attractive incentives — the carrot — which include subsidies, grants, and tax credits, or negative incentives — the stick — which include tariffs and threats. Using credible data that tells a compelling story, I will explain why the carrot has been and will continue to be much more effective than the stick in attracting manufacturing investment.

International trade has lifted millions of people out of poverty, boosted standards of living, and benefitted the United States more than...

Today’s most critical challenges are impacting every American. These include the direction of globalization and Chinese relations...

On January 1, 1997, Hong Kong, effectively seized by Great Britain in war a century before, reverted to Chinese rule.